Rivers Way Inc
- Assets
- $833.9k
- Revenue
- $191.2k
- Investments
- $567.8k
- Employees
- 0
- Location
- Bristol, TN
- Founding
- 04/1994
- Data as of
- 12/2022
- EIN
- 62-1542726
Organization Overview
Rivers Way Inc is located in Bristol, TN. The organization was established in 1994. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rivers Way 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, Rivers Way Inc generated $191.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $186.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERS WAY SERVES SCHOOL GROUPS FROM VIRGINIA AND TENNESSEE WITH WORK OPPORTUNITIES AND SOFT SKILL WORK TRAINING SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Chudzik Chair | 5 | $0 | |
Gwen Ellis Director | 5 | $0 | |
Justin Hale Director | 5 | $0 | |
Thomas Hanlon President | 40 | $0 | |
Anne Haynes Treasurer | 5 | $0 | |
Lynette Wallen Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $174,946 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16,256 |
| Total Revenue | $191,202 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,000 |
| Other employee salaries and wages | $48,630 |
| Pension plans, employee benefits | $7,823 |
| Interest | $0 |
| Taxes | $8,847 |
| Depreciation | $0 |
| Occupancy | $4,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,988 |
| Total operating and administrative expenses | $186,388 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $186,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $256,422 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $4,809 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,874 |
| Other assets | $0 |
| Total assets | $833,942 |
| Accounts payable and accrued expenses | $5,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $28,213 |
| Other liabilities | $0 |
| Total liabilities | $33,410 |