Civic Intelligence

River Tree Arts

990 • Fiscal year 2015 • EIN 01-0411857

May 01, 2014 to Apr 30, 2015 • Filed on Mar 07, 2016

35 Western AvenueKennebunk, ME 04043

(207) 967-9120

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.68x

Higher debt load relative to assets than 88% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

93rd percentile

2.19x

Higher debt load relative to revenue than 93% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

5th percentile

-57%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

63rd percentile

$45,663

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 24.4% of source-year revenue.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Asset Growth

9th percentile

-19%

Faster asset growth than 9% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

16th percentile

-21%

Faster revenue growth than 16% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$606,591

Down $144,014 (-19%) from 2014

Net Assets

Down

$196,988

Down $106,105 (-35%) from 2014

Liabilities

Down

$409,603

Down $37,909 (-8.5%) from 2014

Revenue

Down

$187,014

Down $49,038 (-21%) from 2014

Expenses

Down

$293,119

Down $79,563 (-21%) from 2014

Net Income

Up

-$106,105

Up $30,525 (+22%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $792,461Liabilities 2011: $13,463Net Assets 2011: $778,9982011Assets 2012: $612,717Liabilities 2012: $8,337Net Assets 2012: $604,3802012Assets 2013: $850,705Liabilities 2013: $410,983Net Assets 2013: $439,7222013Assets 2014: $750,605Liabilities 2014: $447,512Net Assets 2014: $303,0932014Assets 2015: $606,591Liabilities 2015: $409,603Net Assets 2015: $196,9882015Assets 2016: $543,594Liabilities 2016: $439,184Net Assets 2016: $104,4102016Assets 2017: $547,651Liabilities 2017: $425,969Net Assets 2017: $121,6822017Assets 2018: $530,399Liabilities 2018: $408,567Net Assets 2018: $121,8322018Assets 2019: $526,733Liabilities 2019: $405,960Net Assets 2019: $120,7732019Assets 2020: $536,665Liabilities 2020: $433,374Net Assets 2020: $103,2912020Assets 2021: $541,161Liabilities 2021: $404,638Net Assets 2021: $136,5232021Assets 2022: $536,279Liabilities 2022: $367,232Net Assets 2022: $169,0472022Assets 2023: $522,181Liabilities 2023: $357,384Net Assets 2023: $164,7972023Assets 2024: $471,839Liabilities 2024: $343,726Net Assets 2024: $128,1132024Assets 2025: $396,679Liabilities 2025: $325,797Net Assets 2025: $70,8822025

Highlighted filing

2015

Assets$606,591
Liabilities$409,603
Net Assets$196,988

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2011: $347,9802011Expenses 2012: $348,4272012Revenue 2013: $191,034Expenses 2013: $355,700Net Income 2013: -$164,6662013Revenue 2014: $236,052Expenses 2014: $372,682Net Income 2014: -$136,6302014Revenue 2015: $187,014Expenses 2015: $293,119Net Income 2015: -$106,1052015Revenue 2016: $194,913Expenses 2016: $287,491Net Income 2016: -$92,5782016Revenue 2017: $240,993Expenses 2017: $223,721Net Income 2017: $17,2722017Revenue 2018: $237,839Expenses 2018: $237,689Net Income 2018: $1502018Revenue 2019: $286,879Expenses 2019: $287,938Net Income 2019: -$1,0592019Revenue 2020: $321,756Expenses 2020: $339,238Net Income 2020: -$17,4822020Revenue 2021: $273,900Expenses 2021: $240,668Net Income 2021: $33,2322021Revenue 2022: $341,114Expenses 2022: $308,467Net Income 2022: $32,6472022Revenue 2023: $383,150Expenses 2023: $387,400Net Income 2023: -$4,2502023Revenue 2024: $324,339Expenses 2024: $361,023Net Income 2024: -$36,6842024Revenue 2025: $377,838Expenses 2025: $435,071Net Income 2025: -$57,2332025

Highlighted filing

2015

Revenue$187,014
Expenses$293,119
Net Income-$106,105
Jump To
Filing Snapshot
Filing Period
May 1, 2014 to Apr 30, 2015
Signed
Mar 7, 2016
Return Version
2014v6.0
Gross Receipts
$188,958
Mission and Program Overview

Mission

River Tree Arts is a nonprofit community arts organization devoted to encouraging a wider and deeper understanding of the arts by providing innovative and accessible opportunities for appreciation, education, and participation in the arts for all ages.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$528,349$509,660▼ $18,689
Cash and Non-Interest-Bearing Accounts$114,851$64,795▼ $50,056
Prepaid Expenses and Deferred Charges$103,685$24,315▼ $79,370
Accounts Receivable$400$4,501▲ $4,101
Total Assets$750,605$606,591▼ $144,014
Other Assets Total$3,320$3,320→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$400,000$400,000→ $0
Accounts Payable and Accrued Expenses$44,192$6,283▼ $37,909
Other Liabilities$3,320$3,320→ $0
Total Liabilities$447,512$409,603▼ $37,909
Net Assets / Fund Balance
Unrestricted Net Assets$295,495$189,390▼ $106,105
Temporarily Rstr Net Assets$7,598$7,598→ $0
Total Net Assets Fund Balance$303,093$196,988▼ $106,105
Total Liabilities and Net Assets / Fund Balance$750,605$606,591▼ $144,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$501,150$185,662$686,812
Equipment$8,510$108,864$117,374
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Juliette ColdreckExecutive DirectorFT$45,663$45,663

Board Members and Trustees

NameTitle
Maureen DiGiovanniPresident
Andrea MabeeVice President
Mark DiGiovanniDirector
Maureen McEwenDirector
Teri WalkerDirector
Dorothy MathesonSecretary
David ReidTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$39,236
Program Service Revenue
$146,798
Investment Income
$80
Other Revenue
$900
All Other Contributions
$27,487
Change in Net Assets
$-106,105
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,782
Salaries, Compensation, and Employee Benefits$97,337
Total Fundraising Expense$25,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$60,138--$60,138
Current Officers, Directors, Trustees, and Key Employees$24,917$11,778$8,608$45,303
Other Salaries and Wages$30,635$2,626$10,503$43,764
Occupancy$22,180$2,539$632$25,351
Depreciation Depletion$23,213--$23,213
Office Expenses$8,318$263-$8,581
Payroll Taxes$4,557$2,162$1,551$8,270
All Other Expenses$4,396$317$3,529$8,242
Insurance$3,308$2,663-$5,971
Other Expenses$3,091$415$800$3,506
Advertising$2,023--$2,023
Total Functional Expenses$241,533$25,963$25,623$293,119
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,944
Fundraising Gross Income$1,944
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Studio Tour$8,820$1,516$1,491$25
Total Events$9,248$1,944$1,944$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Operations$3,320
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

The Art Director is the daughter of the Board President. The Registrar is the daughter-in-law of the Board Vice-President.

Form 990, Part VI, Section B, line 11

The Board Treasurer reviews and signs the Form 990 prior to submitting to the IRS.

Form 990, Part VI, Section C, line 19

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
River Tree Center for the Arts
EIN
01-0411857
Phone
2079679120
Address
35 Western Avenue, Kennebunk, ME 04043

Signing Officer

Name
Mark DiGiovanni
Title
Treasurer
Phone
2079679120
Signed
2016-03-07
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
10

Preparer

Firm
Purdy Powers & Company
Address
130 Middle Street, Portland, ME 04101
Preparer
Dana O Dakers CPA
Phone
2077753496
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Teachers for Programs: Program service expenses 60,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,138.

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IRS990/PYInvestmentIncomeAmt0307
IRS990/PYOtherExpensesAmt0234679
IRS990/PYOtherRevenueAmt01973
IRS990/PYProgramServiceRevenueAmt0149106
IRS990/PYRevenuesLessExpensesAmt0-136630
IRS990/PYSalariesCompEmpBnftPaidAmt0138003
IRS990/PYTotalExpensesAmt0372682
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0236052
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-106105
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0900
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt053800
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt039595
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt084666
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt067562
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt055090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt028446
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0275359
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt080
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0307
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt085
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt03053
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0146798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0149106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0123296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0129344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0130425
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0678969
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt085
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt03053
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03607
IRS990ScheduleA/InvestmentIncomeCYPct00.00380
IRS990ScheduleA/InvestmentIncomePYPct00.01020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0900
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt094
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt071
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0622
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt01687
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99450
IRS990ScheduleA/PublicSupportPY509Pct00.98870
IRS990ScheduleA/PublicSupportTotal509Amt0954328
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0186393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0233772
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0190858
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0184434
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0158871
IRS990ScheduleA/Total509Grp/TotalAmt0954328
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0187373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0234079
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0191034
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0184590
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0162546
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0959622
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0501150
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0185662
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0686812
IRS990ScheduleD/EquipmentGrp/BookValueAmt08510
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108864
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0117374
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Operations
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0509660
IRS990ScheduleD/TotalLiabilityAmt03320
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt07304
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt07304
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01944
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Studio Tour
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt08820
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0428
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt09248
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01516
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0428
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01944
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0453
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01944
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt01491
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Art Director is the daughter of the Board President. The Registrar is the daughter-in-law of the Board Vice-President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board Treasurer reviews and signs the Form 990 prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization's governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Teachers for Programs: Program service expenses 60,138. Management and general expenses 0. Fundraising expenses 0. Total expenses 60,138.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt07598
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt07598
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0750605
IRS990/TotalAssetsEOYAmt0606591

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.97$3.26$0.71$3.78$4.35$0.57
2024Detailed filing. Detailed filing data is available for this year.$4.72$3.44$1.28$3.24$3.61$0.37
2023Detailed filing. Detailed filing data is available for this year.$5.22$3.57$1.65$3.83$3.87$0.04
2022Detailed filing. Detailed filing data is available for this year.$5.36$3.67$1.69$3.41$3.08$0.33
2021Detailed filing. Detailed filing data is available for this year.$5.41$4.05$1.37$2.74$2.41$0.33
2020Detailed filing. Detailed filing data is available for this year.$5.37$4.33$1.03$3.22$3.39$0.17
2019Detailed filing. Detailed filing data is available for this year.$5.27$4.06$1.21$2.87$2.88$0.01
2018Detailed filing. Detailed filing data is available for this year.$5.30$4.09$1.22$2.38$2.38$0.00
2017Detailed filing. Detailed filing data is available for this year.$5.48$4.26$1.22$2.41$2.24$0.17
2016Detailed filing. Detailed filing data is available for this year.$5.44$4.39$1.04$1.95$2.87$0.93
2015Detailed filing. Detailed filing data is available for this year.$6.07$4.10$1.97$1.87$2.93$1.06
2014Detailed filing. Detailed filing data is available for this year.$7.51$4.48$3.03$2.36$3.73$1.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.51$4.11$4.40$1.91$3.56$1.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.13$0.08$6.04$3.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.92$0.13$7.79$3.48