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Nonprofiteer
← RIVERCENTER INC

Form 990 for tax year 2024

Filed by RIVERCENTER INC.

Totals

Total revenue
$4,129,142
Total expenses
$4,515,723
Contributions and grants received
$1,836,907
Grants paid
$0
Program service revenue
$2,258,382
Investment income
$31,502
Other revenue
$2,351
Total assets, end of year
$4,396,985
Total liabilities, end of year
$613,218
Net assets or fund balances, end of year
$3,783,767
Program services expenses (Part IX)
$3,596,210
Management and general expenses
$715,282
Fundraising expenses
$204,231
Program service expenses (Part III)
$3,596,210

Program services were 79.6% 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.

  • 1b · Membership dues

    $225,817

  • 1e · Government grants (contributions)

    $970,957

  • 1f · All other contributions, gifts and grants

    $640,133

  • 1g · Noncash contributions included above

    $12,256

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $2,258,382 · related or exempt $2,258,382

  • 3 · Investment income

    total $24,067 · excluded $24,067

  • 7a · Gross sales of assets other than inventory

    securities $7,435

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

    securities $0

  • 7c · Gain or loss

    securities $7,435

  • 7d · Net gain or loss

    total $7,435 · excluded $7,435

  • 11a · Other revenue: OTHER INCOME

    total $2,351 · related or exempt $2,351

  • 11e · Other revenue, total

    $2,351

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $236,931 · program services $139,789 · management and general $75,818 · fundraising $21,324

  • 7 · Other salaries and wages

    total $1,469,344 · program services $1,019,557 · management and general $351,054 · fundraising $98,733

  • 9 · Other employee benefits

    total $190,355 · program services $119,834 · management and general $55,270 · fundraising $15,251

  • 10 · Payroll taxes

    total $96,369 · program services $60,712 · management and general $27,947 · fundraising $7,710

  • 11c · Fees: accounting

    total $24,700 · management and general $24,700

  • 11f · Fees: investment management

    total $6,952 · management and general $6,952

  • 11g · Fees: other

    total $35,956 · management and general $35,956

  • 12 · Advertising and promotion

    total $82,683 · program services $53,448 · fundraising $29,235

  • 13 · Office expenses

    total $64,892 · program services $17,262 · management and general $36,891 · fundraising $10,739

  • 14 · Information technology

    total $56,321 · program services $19,375 · management and general $23,428 · fundraising $13,518

  • 16 · Occupancy

    total $590,080 · program services $590,080

  • 17 · Travel

    total $15,589 · management and general $7,868 · fundraising $7,721

  • 19 · Conferences, conventions and meetings

    total $9,596 · management and general $9,596

  • 20 · Interest

    total $3,866 · management and general $3,866

  • 22 · Depreciation, depletion and amortization

    total $195,226 · program services $156,181 · management and general $39,045

  • 24a · Other expenses: EVENT AND TALENT EXPENS

    total $1,394,794 · program services $1,394,794

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $19,836 · program services $19,836

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $13,283 · program services $2,657 · management and general $10,626

  • 24d · Other expenses: TAXES AND LICENSES

    total $8,950 · program services $2,685 · management and general $6,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $543,227 · end of year $329,199

  • 2 · Savings and temporary cash investments

    beginning of year $260,718 · end of year $28,891

  • 3 · Pledges and grants receivable

    beginning of year $173,195 · end of year $172,381

  • 4 · Accounts receivable

    beginning of year $227,691 · end of year $272,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,851 · end of year $50,545

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

    $6,804,603

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

    $4,070,636

  • 10c · Land, buildings and equipment, net

    beginning of year $2,812,953 · end of year $2,733,967

  • 11 · Investments: publicly traded securities

    beginning of year $541,515 · end of year $570,593

  • 15 · Other assets

    beginning of year $239,000 · end of year $239,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $369,518 · end of year $409,026

  • 19 · Deferred revenue

    beginning of year $258,722 · end of year $65,672

  • 23 · Secured mortgages and notes payable

    beginning of year $142,346 · end of year $138,520

  • 27 · Net assets without donor restrictions

    beginning of year $3,594,445 · end of year $3,198,180

  • 28 · Net assets with donor restrictions

    beginning of year $524,119 · end of year $585,587

Mission and programs · 2024

Mission

MAINTENANCE AND OPERATION OF PERFORMING ARTS FACILITY OWNED BY STATE OF GEORGIA DEPARTMENT OF NATURAL RESOURCES LOCATED IN HISTORIC DOWNTOWN COLUMBUS, GEORGIA. THIS FACILITY PROVIDES EDUCATION, ART, CULTURAL EVENTS AND ENTERTAINMENT TO A LARGE, DIVERSE REGIONAL AREA.

  • THE RIVERCENTER, INC. HAS RESPONSIBILITY FOR CARE AND MAINTENANCE OF THE PERFORMING ARTS AUDITORIUM AND ANCILLARY SPACES, OWNED BY THE GEORGIA DEPT OF NATURAL RESOURCES. THE RIVERCENTER, INC. HAS TOTAL RESPONSIBILITY FOR ALL PROGRAMMING FUNCTIONS RELATED TO THE PERFORMING ARTS AUDITORIUM AND CONTINUES TO OFFER A WIDE CONTINUOUS ASSORTMENT OF PROFESSIONAL TOURING ATTRACTIONS AS WELL AS NUMEROUS LOCAL ARTS PERFORMANCES, CULTURAL AND COMMERCE EVENTS, AND EDUCATIONAL EVENTS. DURING FYE 6-30-2025, THE RIVERCENTER HELD 32 SHOWS, HAD 17 RENTALS AND HOSTED 11 COMMUNITY EVENTS THAT SERVED HUNDREDS OF PATRONS.

    Expenses $3,596,210 · Revenue $2,260,733

As filed on the 2024 return.

Listed in Part VII

  • William Kendall

    SECRETARY

    Total calculated
    $0
    Hours/week
    5
  • Stephanie Hunter

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    5
  • Joseph Brannan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Brad Clements

    TREASURER

    Total calculated
    $0
    Hours/week
    5
  • Joanne Cogle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Austin Gibson

    CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Mollie Smith

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1
  • Jeri Hawthorne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Kayron Laska

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Colin Martin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Melissa Malloy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cassie Myers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Patrick Donahoe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cindy Sparks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ty Webb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Steve White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • R Gary Allen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Matt Barkley

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Deborah Bordelon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Michael Adams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Roz Durden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Dale Goldsmith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Gene Perkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Becky Rumer

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Judy Thomas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Paul M Todd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Norman Easterbrook

    EXECUTIVE DIRECTOR

    Total calculated
    $168,882
    From this org
    $156,601
    From related orgs
    $0
    Other
    $12,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,601
    Bonus
    $0
    Other
    $0
    Deferred
    $3,206
    Nontaxable benefits
    $9,075
    Filer's total
    $168,882
  • Stefan Hagedorn

    DIRECTOR OF FINANCE

    Total calculated
    $68,439
    From this org
    $66,267
    From related orgs
    $0
    Other
    $2,172
    Hours/week
    40

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

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
14 November 2025
IRS schema version
2024v5.2
Source object
202630299349301003

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