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← RIVER PLACE

Form 990 for tax year 2023

Filed by RIVER PLACE.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$317,608 changed to $317,607
Total assets, end of year
$30,892,255 changed to $30,892,256
Net assets or fund balances, end of year
$29,366,026 changed to $29,366,027
Program services expenses
$59,476 changed to $59,477
Management and general expenses
$258,132 changed to $258,130
Program service expenses (Part III)
$59,476 changed to $59,477

Totals

Total revenue
$7,532,655
Total expenses
$317,607
Contributions and grants received
$6,674,222
Grants paid
$0
Program service revenue
$0
Investment income
$858,433
Other revenue
$0
Total assets, end of year
$30,892,256
Total liabilities, end of year
$1,526,229
Net assets or fund balances, end of year
$29,366,027
Program services expenses (Part IX)
$59,477
Management and general expenses
$258,130
Fundraising expenses
$0
Program service expenses (Part III)
$59,477

Program services were 18.7% 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.

  • 1f · All other contributions, gifts and grants

    $6,674,222

  • 1g · Noncash contributions included above

    $650,000

  • 3 · Investment income

    total $895,772 · excluded $895,772

  • 7a · Gross sales of assets other than inventory

    securities $9,371,271

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

    securities $9,408,610

  • 7c · Gain or loss

    securities -$37,339

  • 7d · Net gain or loss

    total -$37,339 · excluded -$37,339

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $165,812 · program services $55,271 · management and general $110,541

  • 10 · Payroll taxes

    total $12,619 · program services $4,206 · management and general $8,413

  • 11b · Fees: legal

    total $29,987 · management and general $29,987

  • 11c · Fees: accounting

    total $16,534 · management and general $16,534

  • 11f · Fees: investment management

    total $57,123 · management and general $57,123

  • 11g · Fees: other

    total $5,677 · management and general $5,677

  • 12 · Advertising and promotion

    total $12,500 · management and general $12,500

  • 13 · Office expenses

    total $305 · management and general $305

  • 14 · Information technology

    total $23 · management and general $23

  • 17 · Travel

    total $5,291 · management and general $5,291

  • 19 · Conferences, conventions and meetings

    total $2,715 · management and general $2,715

  • 23 · Insurance

    total $9,021 · management and general $9,021

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,070,076 · end of year $966,527

  • 11 · Investments: publicly traded securities

    beginning of year $19,214,168 · end of year $17,457,977

  • 15 · Other assets

    beginning of year $1,522,370 · end of year $12,467,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $173,134 · end of year $1,526,229

  • 27 · Net assets without donor restrictions

    beginning of year $6,333,778 · end of year $7,212,638

  • 28 · Net assets with donor restrictions

    beginning of year $15,299,702 · end of year $22,153,389

Mission and programs · 2023

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 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.A GROUND-BREAKING CEREMONY WAS HELD IN 2023.

    Expenses $59,477

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

Listed in Part VII

  • 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

  • John Davis

    EXECUTIVE DIRECTOR

    Total calculated
    $165,467
    From this org
    $165,467
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,467
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $165,467

  • 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

  • Jim Provance

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabe Harren

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick Trontvet

    BOARD MEMBER UNTIL 11/23

    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

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
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202511199349302806

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