Skip to content
Nonprofiteer
← RIVER PLACE

Form 990 for tax year 2024

Filed by RIVER PLACE.

Totals

Total revenue
$1,321,440
Total expenses
$891,133
Contributions and grants received
$829,842
Grants paid
$0
Program service revenue
$0
Investment income
$490,097
Other revenue
$1,501
Total assets, end of year
$30,379,267
Total liabilities, end of year
$252,145
Net assets or fund balances, end of year
$30,127,122
Program services expenses (Part IX)
$177,423
Management and general expenses
$713,710
Fundraising expenses
$0
Program service expenses (Part III)
$177,423

Program services were 19.9% 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.

  • 1f · All other contributions, gifts and grants

    $829,842

  • 3 · Investment income

    total $481,766 · excluded $481,766

  • 7a · Gross sales of assets other than inventory

    securities $501,329

  • 7b · Less cost or other basis and sales expenses

    securities $492,998

  • 7c · Gain or loss

    securities $8,331

  • 7d · Net gain or loss

    total $8,331 · excluded $8,331

  • 11a · Other revenue: OTHER INCOME

    total $1,501 · excluded $1,501

  • 11e · Other revenue, total

    $1,501

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $175,672 · program services $22,944 · management and general $152,728

  • 7 · Other salaries and wages

    total $89,521 · program services $80,569 · management and general $8,952

  • 9 · Other employee benefits

    total $30,000 · program services $12,713 · management and general $17,287

  • 10 · Payroll taxes

    total $21,770 · program services $16,784 · management and general $4,986

  • 11b · Fees: legal

    total $12,850 · management and general $12,850

  • 11c · Fees: accounting

    total $30,729 · management and general $30,729

  • 11f · Fees: investment management

    total $33,080 · management and general $33,080

  • 11g · Fees: other

    total $23,962 · program services $274 · management and general $23,688

  • 12 · Advertising and promotion

    total $14,621 · management and general $14,621

  • 13 · Office expenses

    total $30,419 · management and general $30,419

  • 14 · Information technology

    total $20,684 · program services $20,684

  • 16 · Occupancy

    total $97,755 · management and general $97,755

  • 17 · Travel

    total $7,885 · management and general $7,885

  • 22 · Depreciation, depletion and amortization

    total $203,184 · management and general $203,184

  • 23 · Insurance

    total $74,881 · management and general $74,881

  • 24a · Other expenses: EVENT COSTS

    total $15,955 · program services $15,955

  • 24b · Other expenses: COMMUNITY ENGAGEMENT

    total $7,500 · program services $7,500

  • 24c · Other expenses: LICENSES & FEES

    total $665 · management and general $665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $966,527 · end of year $1,315,175

  • 2 · Savings and temporary cash investments

    end of year $1,039,961

  • 4 · Accounts receivable

    end of year $407,861

  • 8 · Inventories for sale or use

    end of year $4,535

  • 10a · Land, buildings and equipment: cost or other basis

    $24,129,863

  • 10b · Land, buildings and equipment: accumulated depreciation

    $203,184

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $23,926,679

  • 11 · Investments: publicly traded securities

    beginning of year $17,457,977 · end of year $3,685,056

  • 15 · Other assets

    beginning of year $12,467,752 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,526,229 · end of year $252,145

  • 27 · Net assets without donor restrictions

    beginning of year $7,212,638 · end of year $26,437,066

  • 28 · Net assets with donor restrictions

    beginning of year $22,153,389 · end of year $3,690,056

Mission and programs · 2024

Mission

WARROAD RIVERPLACE IS A 501(C)(3) NON-PROFIT ORGANIZATION WITH THE MISSION TO BECOME A WELCOMING PLACE FOR EVERYONE AND A WAY OF LIFE THAT WILL PROMOTE INSPIRED LIVING THROUGH CREATIVE EXPRESSION, ART EDUCATION, HUMAN CONNECTEDNESS, AND APPRECIAON FOR BEAUTY THROUGHOUT THE ENTIRE REGION.

Activities or mission (Part I)

WARROAD RIVERPLACE IS A 501(C)(3) NON-PROFIT ORGANIZATION WITH THE MISSION TO BECOME A WELCOMING PLACE FOR EVERYONE AND A WAY OF LIFE THAT WILL PROMOTE INSPIRED LIVING THROUGH CREATIVE EXPRESSION, ART EDUCATION, HUMAN CONNECTEDNESS, AND APPRECIATION FOR BEAUTY THROUGHOUT THE ENTIRE REGION.

  • 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.GRAND OPENING TRANSPIRED IN OCTOBER 2024.

    Expenses $177,423

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Provance

    BOARD MEMBER (UNTIL 11/4/24)

    Total calculated
    $4,597
    From this org
    $4,597
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Craig Anderson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Bertilrud

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Nancy Fisher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Margarette Marvin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carmen Norman Parsley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jay Pelland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabe Harren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brenda Baumann

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Marvin

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jenna Ambrosius

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ray Musgrove

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Davis

    EXECUTIVE DIRECTOR

    Total calculated
    $171,075
    From this org
    $171,075
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,075
    Bonus
    $0
    Other
    $30,000
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $171,075

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 · 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202503179349311055

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.