River Gallery School Inc
- Assets
- $394.8k
- Revenue
- $307.8k
- Investments
- $0.0
- Employees
- 28
- Location
- Brattleboro, VT
- Founding
- 10/1982
- Data as of
- 12/2021
- EIN
- 03-0282269
Organization Overview
River Gallery School Inc is located in Brattleboro, VT. The organization was established in 1982. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, River Gallery School Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Gallery School Inc 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 12/2021, River Gallery School Inc generated $307.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $310.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ART EDUCATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART EDUCATION IS PROVIDED YEAR ROUND TO OVER 400 STUDENTS. RGS OFFERS 54 CLASSES, 20 WORKSHOPS AND OUTREACH PROGRAMS TO CHILDREN AND SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Bernegger Treasurer | Officer | 2 | $0 |
William Penniman President | Officer | 2 | $0 |
Mary Lou Forward Secretary | Officer | 2 | $0 |
Judith Darrow Freed Vice President | Officer | 2 | $0 |
Sandy Mcpherson Trustee | Trustee | 2 | $0 |
Bobbi Angell Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $47,623 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $121,507 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,130 |
| Total Program Service Revenue | $131,532 |
| Investment income | $5,620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,520 |
| 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 | $307,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,770 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,057 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,616 |
| Payroll taxes | $14,595 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,849 |
| Advertising and promotion | $3,335 |
| Office expenses | $2,017 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,003 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $950 |
| Insurance | $3,993 |
| All other expenses | $3,672 |
| Total functional expenses | $310,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,888 |
| Savings and temporary cash investments | $55,497 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $584 |
| 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 | $781 |
| Net Land, buildings, and equipment | $8,616 |
| Investments—publicly traded securities | $71,302 |
| Investments—other securities | $0 |
| Investments—program-related | $159,646 |
| Intangible assets | $0 |
| Other assets | $9,464 |
| Total assets | $394,778 |
| Accounts payable and accrued expenses | $2,295 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,299 |
| Total liabilities | $14,594 |
| Net assets without donor restrictions | $220,538 |
| Net assets with donor restrictions | $159,646 |
| 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 | $394,778 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that River Gallery School Inc has recieved totaling $66,250.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $20,000 |
Wolf Kahn Foundation Inc Brattleboro, VT PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |
Vermont Council On The Arts Inc Montpelier, VT PURPOSE: GENERAL PURPOSE | $10,000 |
Vermont Childrens Trust Foundation Burlington, VT PURPOSE: OPERATIONS | $10,000 |
Vermont Community Foundation Middlebury, VT PURPOSE: GENERAL PURPOSE | $7,000 |
Windham Foundation Grafton, VT PURPOSE: LOCAL ARTS ORGANIZATION - GENERAL OPERATING SUPPORT | $3,250 |
Endowment Analysis
| Beg. Balance | $144,567 |
| Earnings | $16,158 |
| Admin Expense | $1,080 |
| Ending Balance | $159,645 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manhattan School Of Music New York, NY | $110,734,113 | $63,876,459 |
Art Students League Of New York New York, NY | $112,886,191 | $14,274,262 |
Saul Steinberg Foundation New York, NY | $2,326,445 | $165,696 |
Studio In A School Association New York, NY | $26,491,871 | $6,228,421 |
Harlem School Of The Arts Inc New York, NY | $16,306,795 | $5,380,840 |
Dreamyard Project Inc Bronx, NY | $4,474,380 | $5,509,637 |
Powerhouse Arts Inc Brooklyn, NY | $187,718,007 | $2,438,930 |
Artists For Humanity Inc Boston, MA | $38,813,967 | $6,181,666 |
American Academy Of Arts And Letters New York, NY | $101,076,393 | $10,417,737 |
The Arts Connection Inc New York, NY | $2,703,336 | $4,972,330 |
Alliance For Young Artists & Writers Inc New York, NY | $7,496,330 | $3,366,982 |
Marquis Studios Ltd Brooklyn, NY | $2,435,475 | $3,259,805 |