Riverpark Center Inc
- Assets
- $12.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 55
- Location
- Owensboro, KY
- Founding
- 11/1988
- Data as of
- 08/2021
- EIN
- 61-1147328
Organization Overview
Riverpark Center Inc is located in Owensboro, KY. The organization was established in 1988. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, Riverpark Center Inc employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverpark Center 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 08/2021, Riverpark Center Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.6m during the year ending 08/2021. 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
PUBLIC DEVELOPMENT OF CULTURAL ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERPARK CENTER HOSTED AND PRESENTED DIVERSE ARTS AND CIVIC EVENTS, FOCUSING ON ARTS IN EDUCATION. RIVERPARK CENTER ENTERTAINED AND EDUCATED OVER 200,000 PEOPLE, INCLUDING 25,000 CHILDREN THROUGH NEARLY 800 EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rich Jorn Executive Director | Officer | 40 | $96,000 |
Doug Field Chairman | OfficerTrustee | 1 | $0 |
Scott Mccain Vice-Chair | OfficerTrustee | 1 | $0 |
Jeff Ebelhar Treasurer | OfficerTrustee | 1 | $0 |
Joe Berry Secretary | OfficerTrustee | 1 | $0 |
Harini Cardwell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $216,475 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,186,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,402,534 |
| Total Program Service Revenue | $96,410 |
| Investment income | $155,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,829 |
| 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 | $156,209 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,039,404 |
| 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. | $96,000 |
| Compensation of current officers, directors, key employees. | $15,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,269 |
| Pension plan accruals and contributions | $55,937 |
| Other employee benefits | $22,594 |
| Payroll taxes | $23,309 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,605 |
| Fees for services: Accounting | $14,540 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,542 |
| Office expenses | $2,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $891 |
| Interest | $22,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $536,295 |
| Insurance | $100,994 |
| All other expenses | $67,245 |
| Total functional expenses | $1,601,794 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,309 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,461 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,845 |
| Prepaid expenses and deferred charges | $46,611 |
| Net Land, buildings, and equipment | $9,301,825 |
| Investments—publicly traded securities | $1,220,657 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $885,402 |
| Total assets | $12,438,110 |
| Accounts payable and accrued expenses | $155,175 |
| Grants payable | $0 |
| Deferred revenue | $446,793 |
| 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 | $934,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,536,022 |
| Net assets without donor restrictions | $5,225,760 |
| Net assets with donor restrictions | $5,676,328 |
| 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 | $12,438,110 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverpark Center Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Marilyn And William Young Charitable Foundation Inc Owensboro, KY PURPOSE: ARTS | $15,000 |
Endowment Analysis
| Beg. Balance | $1,869,536 |
| Earnings | $258,082 |
| Net Contributions | $6,385 |
| Other Expense | $27,951 |
| Ending Balance | $2,106,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Puerto Rican Cultural Center Chicago, IL | $9,175,566 | $9,769,703 |
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
United States Artists Inc Chicago, IL | $40,639,117 | $6,830,121 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Center Of Creative Arts Saint Louis, MO | $22,497,336 | $9,712,696 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
Bertha D Garten Ketcham Memorial Center Inc Odon, IN | $9,035,091 | $6,675,118 |
Kranzberg Arts Foundation St Louis, MO | $18,112,007 | $6,602,930 |
The Center For The Performing Arts Inc Carmel, IN | $11,269,434 | $4,631,898 |
American College Of Occupational And Environmental Medicine Elk Grove Village, IL | $5,115,240 | $3,683,433 |
Winnetka Community House Winnetka, IL | $15,269,238 | $4,423,430 |