River Legacy Foundation
- Assets
- $2.6m
- Revenue
- $550.6k
- Investments
- $0.0
- Employees
- 46
- Location
- Arlington, TX
- Founding
- 08/1988
- Data as of
- 12/2022
- EIN
- 75-2215558
Organization Overview
River Legacy Foundation is located in Arlington, TX. The organization was established in 1988. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, River Legacy Foundation employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Legacy Foundation 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 Legacy Foundation generated $550.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $789.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE RIVER LEGACY FOUNDATION IS TO PROVIDE EXTRAORDINARY ENVIRONMENTAL EDUCATION PROGRAMS AND AUTHENTIC NATURE EXPERIENCES TO STUDENTS IN NORTH TEXAS. STATE SCIENCE STANDARDS FOR ALL GRADE LEVELS PLACES INCREASED EMPHASIS ON HANDS-ON AND OUTDOOR INVESTIGATIONS WHICH MAKE THE RIVER LEGACY ENVIRONMENTAL EDUCATION PROGRAMS MORE IMPORTANT THAN EVER. THE RIVER LEGACY FOUNDATION'S MISSION IS TO PRESERVE AND ENHANCE LAND ALONG THE TRINITY RIVER AND ITS TRIBUTARIES AS AN EXTRAORDINARY EDUCATIONAL, RECREATIONAL AND NATURAL RESOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RIVER LEGACY FOUNDATION SERVES 14,700 NORTH TEXAS FAMILIES AND CHILDREN ANNUALLY THROUGH ITS FIELD INVESTIGATION PROGRAMS AND MORE THAN 40,000 NORTH TEXANS VISIT THE LIVING SCIENCE CENTER EACH YEAR. NOT ONLY DO WE CONSERVE OUR SURROUNDING NATURAL WONDERLAND, BUT WE CONSIDER RIVER LEGACY PARKS A "CLASSROOM WITHOUT WALLS" TO EDUCATE YOUNG PEOPLE ON THE ENVIRONMENT, WATER, WILDLIFE AND HABITATS. OUR ENVIRONMENTAL EDUCATION PROGRAMS FOSTER SENSITIVITY TO, AND AN APPRECIATION FOR, THE NATURAL WORLD. OUR ENVIRONMENTAL EDUCATION PROGRAMS, FESTIVALS, SUMMER CLASSES, PRE-SCHOOL, HOME SCHOOL AND AFTER SCHOOL PROGRAMS OFFER A RICH CURRICULUM TO STUDENTS OF ALL INCOME LEVELS IN NORTH TEXAS. RESEARCH SUGGESTS CHILDREN WHO LEARN IN NATURE CAN INCREASE THEIR SCIENCE TESTING BY 27%. SCIENCE IS NOW PROVING WHAT THE RIVER LEGACY FOUNDATION KNEW ALL ALONG ENVIRONMENTAL EDUCATION HELPS KID LEARN SCIENCE AND IMPROVE THEIR TEST SCORES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Blake President | OfficerTrustee | 1 | $0 |
Paul Brodie Director | Trustee | 1 | $0 |
Steve Cavender Director | Trustee | 1 | $0 |
Mike Davis Treasurer | OfficerTrustee | 1 | $0 |
Susan Eaves Director | Trustee | 1 | $0 |
Stewart Garrison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,000 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $245,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,781 |
| Total Program Service Revenue | $286,818 |
| Investment income | -$8,093 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$114,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$970 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $550,617 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $122,500 |
| Compensation of current officers, directors, key employees. | $24,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $310,505 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,410 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $170 |
| 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 | $2,589 |
| Insurance | $0 |
| All other expenses | $37,737 |
| Total functional expenses | $789,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,144,192 |
| Savings and temporary cash investments | $1,431,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,993 |
| Prepaid expenses and deferred charges | $7,156 |
| Net Land, buildings, and equipment | $6,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,890 |
| Total assets | $2,609,745 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $338,468 |
| Total liabilities | $338,468 |
| Net assets without donor restrictions | $863,943 |
| Net assets with donor restrictions | $1,407,334 |
| 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 | $2,609,745 |