Riverlink Inc

Organization Overview

Riverlink Inc is located in Asheville, NC. The organization was established in 1990. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Riverlink Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverlink 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, Riverlink Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.7% each year . All expenses for the organization totaled $733.5k during the year ending 12/2021. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RIVERLINK PROMOTES THE ENVIRONMENTAL AND ECONOMIC VITALITY OF THE FRENCH BROAD RIVER AND ITS WATERSHED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LAND CONSERVATION: IN 2021, RIVERLINK COMPLETED ITS RE-ACCREDITATION WITH THE LAND TRUST ALLIANCE, SOLIDIFYING OUR POSITION AS A PROFESSIONAL LAND TRUST FOR THE NEXT 5 YEARS. RIVERLINK ALSO ACQUIRED A SMALL PARCEL OF WETLAND ON FLORIDA AVENUE IN WEST ASHEVILLE FOR THE SAKE OF RESTORATION AND EDUCATION. IN TERMS OF VOLUNTEER ENGAGEMENT AND STEWARDSHIP, RIVERLINK WORKED WITH MUNICIPALITIES, PARTNERS AND VOLUNTEERS TO HOST WORK DAYS FOR REMOVING INVASIVE PLANTS AND GARBAGE FROM FUTURE KAREN CRAGNOLIN PARK AND OTHER PROTECTED LANDS HELD BY RIVERLINK. ADDITIONALLY, RIVERLINK COMPLETED ITS ANNUAL MONITORING AND REPORTING FOR ITS CONSERVATION EASEMENT PROPERTIES. WE ALSO SOLD TWO FEE-SIMPLE PROPERTIES (ONE A FORMER BROWNFIELD IN THE RIVER ARTS DISTRICT AND THE OTHER OUR HISTORIC OFFICE SPACE) RESULTING IN ~$4M IN ENDOWED, QUASI-ENDOWED AND SHORT-TERM INVESTMENTS FOR THE ORGANIZATION FOR


GENERATIONS TO COME. IN ADDITION, WE INVESTED OVER $100,000 IN DESIGN AND PRECONSTRUCTION DOCUMENTS FOR THE GREENWAY PHASE OF THE FUTURE KAREN CRAGNOLIN PARK. WATER QUALITY: IN 2021, WE COMPLETED A SUCCESSFUL FIRST YEAR OF OUR PILOT PROGRAM ADOPT-A-STORM DRAIN. WE REACHED OUR GOAL OF HAVING 100 STORM DRAINS ADOPTED IN THE CENTRAL ASHEVILLE WATERSHED. CONSTRUCTION WAS COMPLETED ON OUR INNOVATIVE STORMWATER PROJECT DIS IN THE MOUNTAINS WITH RAIN GARDENS INSTALLED ON SIX RESIDENTIAL PROPERTIES. RIVERLINK SECURED $354,000 IN GRANT FUNDS TO DESIGN AND CONSTRUCT THE SOUTHSIDE COMMUNITY STORMWATER PROJECT, A GREEN STORMWATER INFRASTRUCTURE PROJECT THAT INCLUDES AMENITIES AT ERSKINE APARTMENTS, AN ASHEVILLE HOUSING AUTHORITY PROPERTY.


EDUCATION: AT THE START OF 2021 OUR EDUCATION PROGRAM CONTINUED WITH VIRTUAL LESSONS DURING THE SPRING SEMESTER OF SCHOOL. WE WERE ABLE TO HOST THESE VIRTUAL OPPORTUNITIES WITH 450 STUDENTS AT 7 DIFFERENT SCHOOLS. AS PANDEMIC RESTRICTION LIFTED WE WERE ABLE TO GET BACK INTO THE CLASSROOM FOR LESSONS WITH SUMMER SCHOOLS IN HENDERSON COUNTY. WE WORKED WITH 225 STUDENTS AT 6 DIFFERENT SCHOOLS DURING THE SUMMER AS WELL AS A COUPLE LESSONS WITH AFTER SCHOOL GROUPS. DURING THE SUMMER WE ALSO HOSTED OUR RIVERCAMP WITH REDUCED CAPACITY AND 20% OF CAMPERS WERE GIVEN FINANCIAL AID. WHEN THE FALL SEMESTER STARTED WE WERE FINALLY ABLE TO HOST ALL IN-PERSON LESSONS AGAIN AND WE WORKED WITH 1,035 STUDENTS AT 14 DIFFERENT SCHOOLS. DURING THIS YEAR OUR EDUCATION PROGRAM WAS AWARDED MULTIPLE GRANTS THAT TOTALED $34,000.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $345,400
All other contributions, gifts, grants, and similar amounts not included above$464,169
Noncash contributions included in lines 1a–1f $100,518
Total Revenue from Contributions, Gifts, Grants & Similar$809,569
Total Program Service Revenue$27,583
Investment income $15,382
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $25,896
Net Gain/Loss on Asset Sales $3,669,816
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,550,324

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Riverlink Inc has recieved totaling $13,500.

Awarding OrganizationAmount
Bailey Family Foundation Inc

Vero Beach, FL

PURPOSE: CHARITABLE PURPOSES

$12,000
The Tobin Family Education & Health Foundation

Stamford, CT

PURPOSE: GENERAL CHARITABLE PURPOSES

$1,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$51,494
Earnings$7,455
Admin Expense$475
Net Contributions$1,000,000
Other Expense$2,010
Ending Balance$1,056,464

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