River Arts District Artists Inc
- Assets
- $61.0k
- Revenue
- $90.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Asheville, NC
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 46-2690400
Organization Overview
River Arts District Artists Inc is located in Asheville, NC. The organization was established in 2013. According to its NTEE Classification (A19) the organization is classified as: Support N.E.C., 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 Arts District Artists Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, River Arts District Artists Inc generated $90.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $45.3k during the year ending 12/2021. 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
SUPPORT OF LOCAL ARTISTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDIO GUIDE/MARKETING - PRINTING, PUBLISHING, AND SHOWCASING ALL RADA, INC., MEMBERS IN A PRINTED GUIDE IS DISTRIBUTED THROUGHOUT SHOPPING AND EDUCATION. WESTERN NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Wyatt Coordinator | Trustee | $7,072 | |
Rachel Roux Coordinator | $1,009 | ||
Karen Maugans President | OfficerTrustee | $0 | |
Cindy Chenard Vice President | OfficerTrustee | $0 | |
Pearl Renken Treasurer | OfficerTrustee | $0 | |
Andrea Kulish Marketing Chairperson | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $77,066 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,566 |
| Total Program Service Revenue | $10,988 |
| Investment income | $76 |
| 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 | $90,630 |
| 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 | $8,081 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,919 |
| Office expenses | $4,308 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $854 |
| All other expenses | $4,866 |
| Total functional expenses | $45,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,962 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,962 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $60,962 |
| Net assets with donor restrictions | $0 |
| 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 | $60,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternate Roots Inc Atlanta, GA | $12,015,779 | $10,143,317 |
South Carolina Architectural Foundation Columbia, SC | $144,849 | $0 |
A Space To Soar Inc Atlanta, GA | $8,626,385 | $336,575 |
Georgia Press Educational Foundation Inc Avondale Estates, GA | $2,211,491 | $238,821 |
The Marionette Theater Of South Carolina Columbia, SC | $248,470 | $246,411 |
North Carolina Presenters Consortium Cary, NC | $175,243 | $0 |
Childrens Theatre Foundation Greensboro, NC | $1,420,975 | $52,488 |
The Downtown Dream Machine Memphis, TN | $318,252 | $0 |
River Arts District Artists Inc Asheville, NC | $60,962 | $90,630 |
Preserve Lindsley Avenue Now Inc Nashville, TN | $22,648 | $0 |
Cag Community Support Corporation Dalton, GA | $7,077 | $0 |
Storytelling Resource Place Jonesborough, TN | $5,591 | $0 |