River Place
- Assets
- $21.8m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 1
- Location
- Warroad, MN
- Founding
- Data as of
- 12/2022
- EIN
- 84-3533780
Organization Overview
River Place is located in Warroad, MN. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Place 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 Place generated $4.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.6% each year . All expenses for the organization totaled $135.0k 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
TO SUPPORT CHARITABLE, LITERARY OR SCIENTIFIC INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE INSPIRED LIVING IN THE ENTIRE WARROAD, MINNESOTA COMMUNITY THROUGH CREATIVE EXPRESSION, ART EDUCATION, HUMAN CONNECTEDNESS, AND APPRECIATION FOR BEAUTY. IN SUPPORT OF THIS MISSION, RIVER PLACE WILL:1. DEVELOP PROGRAMMING THAT SUPPORTS THE CREATION, INSTRUCTION, AND APPRECIATION OF ART, CULTURE, AND BEAUTY FOR ALL AGES IN THE COMMUNITY. EXAMPLES MAY INCLUDE, BUT ARE NOT LIMITED TO, PERFORMING ARTS, VISUAL ARTS, CULINARY ARTS, AND CULTURAL APPRECIATION.2. ENCOURAGE GROWTH OF THE INDIVIDUAL AS WELL AS STRENGTHENING OF GROUP BONDS. THIS MAY INCLUDE, BUT IS NOT LIMITED TO, FOSTERING SOCIAL INTERACTION, CONNECTION TO NATURE, AN APPRECIATION OF PLACE, GROUP CELEBRATIONS, PERSONAL WELL-BEING, ENTERTAINMENT, AND HEALTH/BALANCE OF THE MIND, BODY, AND SPIRIT.3. CREATE AND MAINTAIN A WELL-DESIGNED AND FLEXIBLE COMMUNITY SPACE IN WARROAD THAT INSPIRES PEOPLE AND FACILITATES THE ABOVE ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Davis Executive Director (as Of 9/19/22) | Officer | 40 | $53,839 |
Brenda Baumann President | OfficerTrustee | 1 | $0 |
Paul Marvin Chair | OfficerTrustee | 1 | $0 |
Jenna Ambrosius Secretary | OfficerTrustee | 1 | $0 |
Ray Musgrove Treasurer | OfficerTrustee | 1 | $0 |
Craig Anderson Board Member | Trustee | 1 | $0 |
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 | $3,893,848 |
| Noncash contributions included in lines 1a–1f | $868,078 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,893,848 |
| Total Program Service Revenue | $0 |
| Investment income | $383,949 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,051 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,445,848 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000 |
| 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. | $53,839 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,857 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,819 |
| Fees for services: Accounting | $5,513 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,117 |
| Fees for services: Other | $31,090 |
| Advertising and promotion | $0 |
| Office expenses | $11 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,973 |
| 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 | $779 |
| All other expenses | $25 |
| Total functional expenses | $135,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070,076 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $19,139,638 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,596,900 |
| Total assets | $21,806,614 |
| Accounts payable and accrued expenses | $173,133 |
| 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 | $173,133 |
| Net assets without donor restrictions | $21,633,481 |
| Net assets with donor restrictions | $0 |
| 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 | $21,806,614 |