River Heritage Conservancy Inc
- Assets
- $9.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Jeffersonville, IN
- Founding
- 06/2018
- Data as of
- 12/2021
- EIN
- 81-4538349
Organization Overview
River Heritage Conservancy Inc is located in Jeffersonville, IN. The organization was established in 2018. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, River Heritage Conservancy Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Heritage Conservancy 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 Heritage Conservancy Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.6% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIVER HERITAGE CONSERVANCY CREATES, MAINTAINS, AND PRESERVES PARKLANDS ALONG THE OHIO RIVER TO SERVE REGIONAL RECREATIONAL AND ENVIRONMENTAL NEEDS IN THE SOUTHERN INDIANA AND LOUISVILLE METRO AREA. IN 2018, THE CONSERVANCY: ACQUIRED PLANNING CONTROL OF MORE THAN 300 ACRES FOR THE INITIAL ORIGIN PARK" SITE; SECURED A COLLABORATIVE PLANNING AGREEMENT WITH FIVE PUBLIC AGENCIES; ASSESSED REGIONAL RECREATION NEEDS; AND COMPLETED INITIAL ENVIRONMENTAL STUDIES. THE LANDSCAPE ARCHITECTURE FIRM OLIN COMPLETED A MASTER PLAN IN 2019; MORE THAN 30 MEETINGS INTRODUCED THE PLAN TO THE PUBLIC DURING THE FOLLOWING YEAR. THE CONSERVANCY RAISED OVER $700,000 TO BUILD THE PARK'S FIRST AMENITY, THE SILVER CREEK BLUEWAY, DESIGNED IN 2021 BY JOSEPH & JOSEPH + BRAVURA FOR CONSTRUCTION IN 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH TWO FULL-TIME EMPLOYEES AND A VOLUNTEER BOARD, RHC WORKED TO DEVELOP ITS ORGANIZATIONAL CAPACITY IN ADVANCE OF AN INITIAL CAPITAL CAMPAIGN BEGINNING IN 2022. ACTIVITIES INCLUDED LAND PURCHASE AGREEMENTS, DESIGN OF TWO SILVER CREEK BLUEWAY LAUNCH SITES, AND RECRUITING A NEW EXECUTIVE DIRECTOR, DEVELOPMENT DIRECTOR, AND EXECUTIVE ASSISTANT FOR FY 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Martin Executive Director | Officer | 50 | $192,938 |
Kent W Lanum Board Chairman | OfficerTrustee | 1 | $0 |
Madison Arthur Hamman Vice Chairman | OfficerTrustee | 1 | $0 |
James D Kenney III Secretary | OfficerTrustee | 1 | $0 |
N William White Treasurer | OfficerTrustee | 1 | $0 |
William Keith Baumann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,061,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,136,365 |
| Total Program Service Revenue | $0 |
| Investment income | $5,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,550 |
| 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 | $2,150,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,181 |
| 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. | $208,353 |
| Compensation of current officers, directors, key employees. | $62,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,994 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,456 |
| Payroll taxes | $13,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,481 |
| Fees for services: Accounting | $19,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,408 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,975 |
| Advertising and promotion | $51,105 |
| Office expenses | $8,371 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,301 |
| Travel | $2,289 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,085 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,832 |
| Insurance | $6,761 |
| All other expenses | $784 |
| Total functional expenses | $656,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,139 |
| Savings and temporary cash investments | $1,478,381 |
| Pledges and grants receivable | $299,246 |
| 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 | $7,386,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,182,654 |
| Accounts payable and accrued expenses | $7,880 |
| 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 | $7,880 |
| Net assets without donor restrictions | $7,309,556 |
| Net assets with donor restrictions | $1,865,218 |
| 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 | $9,182,654 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that River Heritage Conservancy Inc has recieved totaling $750,000.
| Awarding Organization | Amount |
|---|---|
Paul Ogle Foundation Inc Jeffersonville, IN PURPOSE: GENERAL PURPOSE FUNDS | $750,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Marine Manufacturers Association Inc Chicago, IL | $24,852,893 | $19,298,889 |
National Thoroughbred Racing Lexington, KY | $16,910,608 | $10,577,962 |
American Camping Association Inc Martinsville, IN | $11,963,370 | $10,286,086 |
International Coach Federation Inc Lexington, KY | $18,635,968 | $11,387,975 |
Crandon International Off-Road Raceway Association Inc Crandon, WI | $1,048,368 | $3,340,258 |
National Association Of Sports Officials Inc Racine, WI | $1,356,401 | $2,334,833 |
American Volleyball Coaches Assn Lexington, KY | $2,919,842 | $2,493,075 |
American Camping Association Illinois Section Evanston, IL | $1,134,307 | $1,483,779 |
Indiana Section Of The Professional Golfers Association Of America Inc Indianapolis, IN | $1,336,237 | $1,065,938 |
Gateway Section Of Professional Golfers Association Of America Chesterfield, MO | $1,114,758 | $931,647 |
Naiop Chicago Inc Chicago, IL | $889,139 | $903,757 |
River Heritage Conservancy Inc Jeffersonville, IN | $9,182,654 | $2,150,020 |