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Nonprofiteer
← RIVER FOUNDATION INC

Form 990 for tax year 2023

Filed by RIVER FOUNDATION INC.

Totals

Total revenue
$1,697,227
Total expenses
$2,035,289
Contributions and grants received
$1,696,860
Grants paid
$1,718,410
Program service revenue
$0
Investment income
$367
Other revenue
$0
Total assets, end of year
$567,655
Total liabilities, end of year
$5,439
Net assets or fund balances, end of year
$562,216
Program services expenses (Part IX)
$1,980,586
Management and general expenses
$54,703
Fundraising expenses
$0
Program service expenses (Part III)
$1,980,586

Program services were 97.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $510

  • 1f · All other contributions, gifts and grants

    $1,696,350

  • 3 · Investment income

    total $367 · excluded $367

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,718,410 · program services $1,718,410

  • 7 · Other salaries and wages

    total $212,846 · program services $173,288 · management and general $39,558

  • 10 · Payroll taxes

    total $5,697 · program services $4,628 · management and general $1,069

  • 11g · Fees: other

    total $13,813 · program services $13,813

  • 13 · Office expenses

    total $2,334 · management and general $2,334

  • 14 · Information technology

    total $6,506 · management and general $6,506

  • 17 · Travel

    total $29,816 · program services $29,816

  • 19 · Conferences, conventions and meetings

    total $33,699 · program services $33,699

  • 23 · Insurance

    total $5,236 · management and general $5,236

  • 24a · Other expenses: BOOKS, MATERIALS, GIFTS

    total $6,932 · program services $6,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $895,411 · end of year $556,825

  • 4 · Accounts receivable

    beginning of year $13,040 · end of year $10,829

  • 15 · Other assets

    beginning of year $1 · end of year $1

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,174 · end of year $5,439

  • 27 · Net assets without donor restrictions

    beginning of year $900,278 · end of year $562,216

Mission and programs · 2023

Mission

PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"), BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, TO ASSIST IN TRAINING DISCIPLES, AND TO PARTNER WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH.

Activities or mission (Part I)

TO PROVIDE FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NCCF BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, TO ASSIST IN TRAINING DISCIPLES, AND TO PARTNER WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH.

  • THE RIVER FOUNDATION, INC., PROVIDED FUNDING TO CHARITIES IN FULFILLMENT OF THE EXEMPT PURPOSES OF NATIONAL CHRISTIAN CHARITABLE FOUNDATION, INC. ("NCCF"), THE RIVER FOUNDATION'S SUPPORTED ORGANIZATION, BY EMPOWERING AND MINISTERING TO THE WEAK AND THE POOR, TO ASSIST IN TRAINING DISCIPLES, AND TO PARTNER WITH CHRIST-CENTERED ORGANIZATIONS THAT PROCLAIM THE GOOD NEWS AND STAND FOR THE TRUTH.

    Expenses $1,980,586 · Grants $1,718,410

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jesse T Correll

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Angela Correll

    DIRECTOR/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • W Scott Steele

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Boyd Bailey

    DIRECTOR

    Total calculated
    $226,092
    From this org
    $0
    From related orgs
    $192,994
    Other
    $33,098
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,694 related
    Bonus
    $0 + $16,300 related
    Other
    $0
    Deferred
    $0 + $8,550 related
    Nontaxable benefits
    $0 + $24,548 related
    Filer's total
    $0 + $226,092 related

  • David H Wills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ted Miller

    TREASURER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BASED UPON COMPARABILITY ANALYSIS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202412689349300636

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