Skip to content
Nonprofiteer
← RIVER GARDEN FOUNDATION INC

Form 990 for tax year 2022

Filed by RIVER GARDEN FOUNDATION INC.

Totals

Total revenue
$2,225,597
Total expenses
$788,617
Contributions and grants received
$709,530
Grants paid
$652,159
Program service revenue
$0
Investment income
$1,727,831
Other revenue
-$211,764
Total assets, end of year
$14,632,127
Total liabilities, end of year
$89,954
Net assets or fund balances, end of year
$14,542,173
Program services expenses (Part IX)
$652,568
Management and general expenses
$52,566
Fundraising expenses
$83,483
Program service expenses (Part III)
$652,568

Program services were 82.7% 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.

  • 1c · Fundraising events

    $538,313

  • 1d · Related organizations

    $90,000

  • 1e · Government grants (contributions)

    $14,000

  • 1f · All other contributions, gifts and grants

    $67,217

  • 3 · Investment income

    total $114,947 · excluded $114,947

  • 7a · Gross sales of assets other than inventory

    securities $1,612,884

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

    securities $0

  • 7c · Gain or loss

    securities $1,612,884

  • 7d · Net gain or loss

    total $1,612,884 · excluded $1,612,884

  • 8a · Fundraising events: gross income

    $86,949

  • 8a · Fundraising events: contributions included on line 1c

    $538,313

  • 8b · Fundraising events: direct expenses

    $298,713

  • 8c · Net income from fundraising events

    total -$211,764 · excluded -$211,764

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $652,159 · program services $652,159

  • 7 · Other salaries and wages

    total $71,808 · fundraising $71,808

  • 8 · Pension plan contributions

    total $1,549 · fundraising $1,549

  • 9 · Other employee benefits

    total $4,756 · fundraising $4,756

  • 10 · Payroll taxes

    total $5,287 · fundraising $5,287

  • 11a · Fees: management

    total $14,742 · management and general $14,742

  • 11c · Fees: accounting

    total $713 · management and general $713

  • 11f · Fees: investment management

    total $21,215 · management and general $21,215

  • 12 · Advertising and promotion

    total $4,465 · program services $409 · management and general $4,056

  • 13 · Office expenses

    total $11,863 · management and general $11,780 · fundraising $83

  • 17 · Travel

    total $60 · management and general $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $944,812 · end of year $275,578

  • 3 · Pledges and grants receivable

    beginning of year $2,666,522 · end of year $2,397,912

  • 4 · Accounts receivable

    end of year $96,013

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,250 · end of year $1,500

  • 12 · Investments: other securities

    beginning of year $7,625,414 · end of year $11,707,789

  • 15 · Other assets

    beginning of year $0 · end of year $153,335

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,750 · end of year $24,066

  • 19 · Deferred revenue

    beginning of year $72,088 · end of year $65,888

  • 25 · Other liabilities

    beginning of year $378,480 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $384,599 · end of year $5,464,511

  • 28 · Net assets with donor restrictions

    beginning of year $10,428,081 · end of year $9,077,662

Mission and programs · 2022

Mission

RIVER GARDEN FOUNDATION, INC. IS A PHILANTHROPIC ORGANIZATION ESTABLISHED TO PROVIDE RESOURCES FOR PROGRAMS AND FACILITIES THAT ENHANCE QUALITY OF LIFE FOR THE AGED BY FUNDING ITS TAX-EXEMPT AFFILIATES OPERATING THE RIVER GARDEN SYSTEM OF SERVICES.

Activities or mission (Part I)

PROVISION OF RESOURCES TO TAX-EXEMPT AFFILIATES TO ENHANCE QUALITY OF LIFE FOR THE AGED.

  • RIVER GARDEN FOUNDATION, INC. RAISES FUNDS THROUGH PUBLIC SUPPORT AND FUNDRAISING EVENTS FOR THE BENEFIT OF ITS TAX-EXEMPT AFFILIATES OPERATING THE RIVER GARDEN SYSTEM OF SERVICES. THE FOUNDATION IS DEDICATED TO HELPING THE ELDERLY REMAIN IN CONTROL OF THEIR OWN LIVES BY ASSURING APPROPRIATE SUPPORTIVE SERVICES ARE PROVIDED TO PEOPLE AT ALL LEVELS OF NEED AND FINANCIAL ABILITY. IN THE CURRENT YEAR, $652,159 OF SUPPORT WAS CONTRIBUTED TO THE PROGRAMMATIC OPERATIONS OF RELATED, TAX-EXEMPT ENTITIES.

    Expenses $652,568 · Grants $652,159

As filed on the 2022 return.

Listed in Part VII

  • SANDY ZIMMERMAN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SUSAN DUBOW

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JEFF EDWARDS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ADAM FRISCH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DEBBIE PARKER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ANDREA MAIL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL PRICE

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ALAN MARGOLIES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • APRIL DOBES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BEN SETZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHIP GREENE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • COLMAN BRODSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID STEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS STORCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DREW MARGOL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERIK ROSTHOLDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ERNIE BRODSKY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HALEY TRAGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HARRY FRISCH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JACK SELEVAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANNE BRANDENBURG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEANINE ROGOZINSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEN PLOTKIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JUDY MIZRAHI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KEN JACOBS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LEONARD SETZER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARK LODINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARSHA POLLOCK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MATTHEW LUFRANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MORRIE ZIMMERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MORTON KESLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • PAULA KUKELHAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RANDY GOODWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RANDY KAMMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RICHARD KRAVITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RUSSELL SELEVAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHARI SHUMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHERI WEISS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY BIELSKI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STACIE WILF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • TOM HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MAURI MIZRAHI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $353,316
    From this org
    $0
    From related orgs
    $341,342
    Other
    $11,974
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $341,342 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,974 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $353,316 related

  • BETTY SORNA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $288,951
    From this org
    $0
    From related orgs
    $256,713
    Other
    $32,238
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,713 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,938 related
    Nontaxable benefits
    $0 + $22,300 related
    Filer's total
    $0 + $288,951 related

  • MARTIN GOETZ

    FORMER CEO

    Total calculated
    $119,564
    From this org
    $0
    From related orgs
    $105,749
    Other
    $13,815
    Hours/week
    4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $105,749 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,174 related
    Nontaxable benefits
    $0 + $7,641 related
    Filer's total
    $0 + $119,564 related

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

None.

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
RIVER GARDEN FOUNDATION, INC.'S OFFICERS ARE EMPLOYED BY RIVER GARDEN HOLDING COMPANY, A RELATED 501(C)(3) ORGANIZATION. THE ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR RIVER GARDEN FOUNDATION, INC.'S CHIEF EXECUTIVE OFFICER: COMPENSATION COMMITTEE; WRITTEN EMPLOYMENT CONTRACT; COMPENSATION SURVEY OR STUDY; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202343079349302954

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.