RIVER ARTS OF MORRISVILLE INC

EIN: 030368569 501(c)(3) Arts, Culture & Humanities

MORRISVILLE, VT

Total Revenue
$461,236
Total Expenses
$385,612
Total Assets
$1,122,990
Net Assets
$1,113,626
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VT
Principal Officer
AMY KOLB NOYES
Tax Period
2023-01-01 to 2023-12-31

RIVER ARTS OF MORRISVILLE INC, founded in 2001, is a small nonprofit in the Arts, Culture & Humanities sector that reported $461K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $76K, a strong 16% operating margin.

Mission

RIVER ARTS IS A 501(C)(3) NON PROFIT COMMUNITY ARTS ORGANIZATION BASED IN MORRISVILLE, VERMONT WITH A MISSION TO ENRICH THE COMMUNITY THROUGH THE ARTS. OUR CORE OPERATING VALUE IS ARTS FOR EVERYONE, COMMITTED TO MAKING ART ACCESSIBLE NO MATER RACE, GENDER EXPRESSION, AGE, ABILITY, OR FINANCIAL MEANS.

Program Service Accomplishments

Program 1
Expenses: $223,663 Revenue: $95,015

In 2023 River Arts offered 125 programs including Adult, Youth, and Elder Arts classes, serving 5,230 individuals. Financial Assistance was provided to 225 participants. We hosted 5 exhibitions...

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In 2023 River Arts offered 125 programs including Adult, Youth, and Elder Arts classes, serving 5,230 individuals. Financial Assistance was provided to 225 participants. We hosted 5 exhibitions focused on local artists and a community based collection, 5 free community projects, and collaborated with over 15 community partners. Collaborations included Forest Hill residential care home for elder arts programs, Unbound after school program with People?s Academy Middle School, our Kinder Arts program for free programming for toddlers, a restorative arts program with Northeast Vermont Recovery Center, and Winter Wellness Program for middle and high school students. River Arts continues to serve as a community art center for Morristown and beyond with a dedicated mission of arts for everyone.

Program 2
Expenses: $342 Revenue: $14,371

SPACE RENTAL FOR PRIVATE EVENTS

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $281,460
Program Service Revenue $109,386
Investment Income $8,023
Other Revenue $62,367
TOTAL REVENUE $461,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $236,739
Fundraising Expenses $29,234
Program Expenses $224,005
Other Expenses $148,873
TOTAL EXPENSES $385,612

Year-over-Year Comparison

2023 2022 Change
Revenue $461,236 $394,661 +0.2%
Expenses $385,612 $311,867 +0.2%
Net Income $75,624 $82,794 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
10
Employees
12
Volunteers
141

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$65,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE DREWS-SHELDON Executive Dir. 40.00
Director
$65,000 $0 $65,000
AMY KOLB NOYES Chairman 1.00
Officer Director
$0 $0 $0
ZOE BEDELL Vice President 1.00
Officer Director
$0 $0 $0
CAROLINE MCKINNEY Secretary 1.00
Officer Director
$0 $0 $0
MARY JANE CROUSE Treasurer 1.00
Officer Director
$0 $0 $0
NAN CARLE BEAUREGARD Director 1.00
Director
$0 $0 $0
TRICIA FOLLERT Director 1.00
Director
$0 $0 $0
RICK LOYA Director 1.00
Director
$0 $0 $0
PEGGY SMITH Director 1.00
Director
$0 $0 $0
LYNNE JEWETT Director 1.00
Director
$0 $0 $0
TESSA MILNES Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $461,236 $385,612 $1,122,990 $75,624
2022 $394,661 $311,867 $1,044,886 $82,794
2021 $354,660 $210,304 $1,051,719 $144,356
2020 $262,160 $216,459 $903,387 $45,701
2019 $330,113 $326,785 $828,225 $3,328
2018 $275,948 $297,457 $827,529 $-21,509
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