River Heritage Conservancy Inc
- Assets
- $14.8m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Jeffersonville, IN
- Founding
- 06/2018
- Data as of
- 12/2022
- EIN
- 81-4538349
Organization Overview
River Heritage Conservancy Inc is located in Jeffersonville, IN. The organization was established in 2018. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, River Heritage Conservancy Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Heritage Conservancy 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 Heritage Conservancy Inc generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $933.7k during the year ending 12/2022. While expenses have increased by 27.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
RIVER HERITAGE CONSERVANCY CREATES, MAINTAINS, AND PRESERVES PARKLANDS ALONG THE OHIO RIVER TO SERVE REGIONAL RECREATIONAL NEEDS IN THE SOUTHERN INDIANA AND LOUISVILLE METRO AREA. IN 2018, THE CONSERVANCY ACQUIRED PLANNING CONTROL OF MORE THAN 300 ACRES FOR ITS FIRST MAJOR PROJECT, ORIGIN PARK; SECURED A COLLABORATIVE AGREEMENT WITH FIVE PUBLIC AGENCIES; SOUGHT BROAD COMMUNITY INPUT; ASSESSED REGIONAL RECREATION NEEDS; AND COMPLETED INITIAL ENVIRONMENTAL STUDIES. AN ACCLAIMED MASTER PLAN BY THE LANDSCAPE ARCHITECTURE FIRM OLIN WAS INTRODUCED TO THE PUBLIC IN 2020. THE CONSERVANCY RAISED $1 MILLION TO BUILD THE PARK'S FIRST AMENITIES, TWO LAUNCH SITES ON THE SILVER CREEK BLUEWAY, COMPLETED IN 2022. COMMUNITY ENGAGEMENT ACTIVITIES INFORMED THE DEVELOPMENT OF SCHEMATIC DESIGN PLANS FOR THE 141-ACRE PHASE 1 IN 2022. THESE PLANS INCLUDE AN ENTRY DRIVE, EVENT ENTER, TRAIL SYSTEM, STREAM AND WOODLAND RESTORATION, AND AN OFFICE/ARTS PROGRAM BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THREE FULL-TIME EMPLOYEES AND A VOLUNTEER BOARD OF DIRECTORS, RHC WORKED TO DEVELOP ITS ORGANIZATIONAL CAPACITY IN ADVANCE OF AN INITIAL CAPITAL CAMPAIGN IN 2023. ACTIVITIES CENTERED ON ORIGIN PARK AND INCLUDED LAND PURCHASE AGREEMENTS, ENVIRONMENTAL INVESTIGATIONS, LAUNCH SITE CONSTRUCTION, SCHEMATIC DESIGNS FOR PHASE 1 PROJECTS, SEVERAL PUBLIC ENGAGEMENT PROGRAMS, AND RHC'S FIRST ANNUAL FUND APPEAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Rademacher Executive Director | Officer | 50 | $170,000 |
Douglas E Scott Director Of Development | 40 | $105,000 | |
Charlotte Ipsan Director | Trustee | 1 | $0 |
Dana Huber Director | Trustee | 1 | $0 |
Greg Zoller Director | Trustee | 1 | $0 |
Kevin Baity Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mac Construction General Contractor | 12/30/22 | $717,987 |
Joseph & Joseph Architects Pllc Architects | 12/30/22 | $113,039 |
Olin Partnership Ltd Landscape Architecture | 12/30/22 | $479,660 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,216,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,216,336 |
| Total Program Service Revenue | $0 |
| Investment income | $39,858 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,367 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,264,561 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,600 |
| 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. | $175,100 |
| Compensation of current officers, directors, key employees. | $52,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $155,155 |
| Pension plan accruals and contributions | $5,179 |
| Other employee benefits | $12,291 |
| Payroll taxes | $23,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $91,659 |
| Fees for services: Accounting | $12,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $18,100 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $269,250 |
| Advertising and promotion | $72,269 |
| Office expenses | $12,213 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,182 |
| Travel | $15,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,435 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,798 |
| Insurance | $6,214 |
| All other expenses | $298 |
| Total functional expenses | $933,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,937 |
| Savings and temporary cash investments | $5,692,118 |
| Pledges and grants receivable | $5,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,051,017 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,761,072 |
| Accounts payable and accrued expenses | $255,407 |
| 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 | $0 |
| Total liabilities | $255,407 |
| Net assets without donor restrictions | $10,375,051 |
| Net assets with donor restrictions | $4,130,614 |
| 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 | $14,761,072 |