Riverfront Museum Park
- Assets
- $589.9k
- Revenue
- $961.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Rockford, IL
- Founding
- 02/1989
- Data as of
- 12/2023
- EIN
- 36-3605403
Organization Overview
Riverfront Museum Park is located in Rockford, IL. The organization was established in 1989. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Riverfront Museum Park employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverfront Museum Park 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 12/2023, Riverfront Museum Park generated $961.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $832.0k during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 7 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
SUPPORT AND SUSTAIN A VIBRANT AND HEALTHY FACILITY THAT ENABLES OUR MEMBER ORGANIZATIONS TO SHOWCASE THE ARTS AND SCIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND SUSTAIN A VIBRANT AND HEALTHY FACILITY THAT ENABLES OUR MEMBER ORGANIZATIONS TO SHOWCASE THE ARTS AND SCIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Wolf Disc Ctr E D | Trustee | 1 | $0 |
Carrie Johnson Ram Ed | Trustee | 1 | $0 |
Vanessa Hita Rdc Ed | Trustee | 1 | $0 |
Julie Thomas 2nd Vice Pre | OfficerTrustee | 1 | $0 |
Cyndie Howard Facility Man | Officer | 40 | $58,425 |
Chris Berndt 1st Vice Pre | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $719,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $840,262 |
| Total Program Service Revenue | $100,000 |
| Investment income | $5,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,498 |
| Net Gain/Loss on Asset Sales | $263 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $961,211 |
| 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. | $58,196 |
| Compensation of current officers, directors, key employees. | $5,820 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,460 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,633 |
| Payroll taxes | $14,348 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $907 |
| Fees for services: Other | $65,833 |
| Advertising and promotion | $0 |
| Office expenses | $9,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $413,793 |
| 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 | $8,216 |
| Insurance | $18,191 |
| All other expenses | $0 |
| Total functional expenses | $832,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,660 |
| Savings and temporary cash investments | $159,966 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $129,711 |
| 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 | $3,246 |
| Net Land, buildings, and equipment | $35,625 |
| Investments—publicly traded securities | $121,646 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $589,854 |
| Accounts payable and accrued expenses | $32,181 |
| 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 | $0 |
| Total liabilities | $32,181 |
| Net assets without donor restrictions | $555,673 |
| Net assets with donor restrictions | $2,000 |
| 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 | $589,854 |