River Garden Foundation Inc
- Assets
- $14.6m
- Revenue
- $2.2m
- Investments
- $11.7m
- Employees
- 1
- Location
- Jacksonville, FL
- Founding
- 10/1992
- Data as of
- 12/2022
- EIN
- 59-3100673
Organization Overview
River Garden Foundation Inc is located in Jacksonville, FL. The organization was established in 1992. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Garden Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, River Garden Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $788.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, River Garden Foundation Inc has awarded 14 individual grants totaling $7,189,983. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF RESOURCES TO TAX-EXEMPT AFFILIATES TO ENHANCE QUALITY OF LIFE FOR THE AGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER GARDEN FOUNDATION, INC. RAISES FUNDS THROUGH PUBLIC SUPPORT AND FUNDRAISING EVENTS FOR THE BENEFIT OF ITS TAX-EXEMPT AFFILIATES OPERATING THE RIVER GARDEN SYSTEM OF SERVICES. THE FOUNDATION IS DEDICATED TO HELPING THE ELDERLY REMAIN IN CONTROL OF THEIR OWN LIVES BY ASSURING APPROPRIATE SUPPORTIVE SERVICES ARE PROVIDED TO PEOPLE AT ALL LEVELS OF NEED AND FINANCIAL ABILITY. IN THE CURRENT YEAR, $652,159 OF SUPPORT WAS CONTRIBUTED TO THE PROGRAMMATIC OPERATIONS OF RELATED, TAX-EXEMPT ENTITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Zimmerman President | OfficerTrustee | 1 | $0 |
Susan Dubow Vice President | OfficerTrustee | 1 | $0 |
Jeff Edwards Vice President | OfficerTrustee | 1 | $0 |
Adam Frisch Vice President | OfficerTrustee | 1 | $0 |
Debbie Parker Vice President | OfficerTrustee | 1 | $0 |
Andrea Mail Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $538,313 |
| Related organizations | $90,000 |
| Government grants | $14,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,217 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,530 |
| Total Program Service Revenue | $0 |
| Investment income | $114,947 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,612,884 |
| Net Income from Fundraising Events | -$211,764 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,225,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $652,159 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,808 |
| Pension plan accruals and contributions | $1,549 |
| Other employee benefits | $4,756 |
| Payroll taxes | $5,287 |
| Fees for services: Management | $14,742 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $713 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,215 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,465 |
| Office expenses | $11,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $60 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $788,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $275,578 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,397,912 |
| Accounts receivable, net | $96,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,500 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,707,789 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $153,335 |
| Total assets | $14,632,127 |
| Accounts payable and accrued expenses | $24,066 |
| Grants payable | $0 |
| Deferred revenue | $65,888 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $89,954 |
| Net assets without donor restrictions | $5,464,511 |
| Net assets with donor restrictions | $9,077,662 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,632,127 |
Grants Awarded
Over the last fiscal year, River Garden Foundation Inc has awarded $830,909 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIVER GARDEN HEBREW HOME FOR THE AGED INC PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE. | $753,585 |
RIVER GARDEN GERIATRIC TRAINING CENTER INC PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE. | $77,324 |