River Tree Arts
- Assets
- $522.2k
- Revenue
- $383.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Kennebunk, ME
- Founding
- 08/1986
- Data as of
- 04/2023
- EIN
- 01-0411857
Organization Overview
River Tree Arts is located in Kennebunk, ME. The organization was established in 1986. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Tree Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2023, River Tree Arts generated $383.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $387.4k during the year ending 04/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RIVER TREE ARTS IS A NONPROFIT COMMUNITY ARTS ORGANIZATION DEVOTED TO ENCOURAGING A WIDER AND DEEPER UNDERSTANDING OF THE ARTS BY PROVIDING INNOVATIVE AND ACCESSIBLE OPPORTUNITIES FOR APPRECIATION, EDUCATION, AND PARTICIPATION IN THE ARTS FOR ALL AGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC PROGRAMS
DANCE SCHOOL
ADULT PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Gagnon President | OfficerTrustee | 16 | $0 |
Meg Parkhurst Secretary | OfficerTrustee | 6 | $0 |
Mark Digiovanni Treasurer Emeritus | Trustee | 4 | $0 |
Barbara Berry Director | Trustee | 4 | $0 |
Tina Fisher Director | Trustee | 4 | $0 |
Phyl Harmon Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,390 |
| Fundraising events | $7,104 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $62,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,546 |
| Total Program Service Revenue | $300,175 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,010 |
| Compensation of current officers, directors, key employees. | $13,286 |
| Compensation to disqualified persons | $17,066 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,089 |
| Payroll taxes | $7,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $235 |
| Fees for services: Accounting | $3,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $119,318 |
| Advertising and promotion | $0 |
| Office expenses | $4,251 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,879 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,013 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,029 |
| Insurance | $11,509 |
| All other expenses | $0 |
| Total functional expenses | $387,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,189 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,176 |
| Net Land, buildings, and equipment | $410,324 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,492 |
| Total assets | $522,181 |
| Accounts payable and accrued expenses | $5,016 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $349,468 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,900 |
| Total liabilities | $357,384 |
| Net assets without donor restrictions | $157,199 |
| Net assets with donor restrictions | $7,598 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $522,181 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
317 Main St Community Music Center Inc Yarmouth, ME | $7,444,993 | $1,354,223 |
The Concord Community Music School Concord, NH | $1,380,856 | $1,590,338 |
Kneisel Hall Blue Hill, ME | $13,311,046 | $1,459,143 |
The Spartan Junior Drum And Bugle Corps Inc Nashua, NH | $403,242 | $1,033,324 |
Nashua Community Music School Nashua, NH | $128,189 | $607,843 |
Portland Conservatory Of Music Portland, ME | $1,798,028 | $767,437 |
Portland School Of Ballet Portland, ME | $175,364 | $579,343 |
River Tree Arts Kennebunk, ME | $522,181 | $383,150 |
Midcoast Music Academy Rockport, ME | $304,330 | $303,902 |
Pierre Monteux Memorial Foundation Hancock, ME | $2,330,308 | $535,557 |
Flying Gravity Circus Wilton, NH | $78,369 | $284,780 |
New Surry Repertory Theatre And Acting School Inc Blue Hill, ME | $42,101 | $0 |
Christ Arts Institute Inc Warner, NH | $41,713 | $0 |