Civic Intelligence

River Tree Arts

990 • Fiscal year 2018 • EIN 01-0411857

May 01, 2017 to Apr 30, 2018 • Filed on Jun 15, 2018

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

91st percentile

0.77x

Higher debt load relative to assets than 91% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

1.72x

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

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

40th percentile

0.1%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

33rd percentile

-3.2%

Faster asset growth than 33% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-1.3%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$530,399

Down $17,252 (-3.2%) from 2017

Net Assets

Up

$121,832

Up $150 (+0.1%) from 2017

Liabilities

Down

$408,567

Down $17,402 (-4.1%) from 2017

Revenue

Down

$237,839

Down $3,154 (-1.3%) from 2017

Expenses

Up

$237,689

Up $13,968 (+6.2%) from 2017

Net Income

Down

$150

Down $17,122 (-99%) from 2017

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

2018

Assets$530,399
Liabilities$408,567
Net Assets$121,832

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

2018

Revenue$237,839
Expenses$237,689
Net Income$150
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Jun 15, 2018
Return Version
2017v2.2
Gross Receipts
$243,337
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$470,882$457,396▼ $13,486
Cash and Non-Interest-Bearing Accounts$75,164$70,582▼ $4,582
Prepaid Expenses and Deferred Charges$1,305$2,421▲ $1,116
Accounts Receivable$300$0▼ $300
Total Assets$547,651$530,399▼ $17,252
Liabilities
Mortgage Notes Payable Secured by Investment Property$424,240$406,611▼ $17,629
Accounts Payable and Accrued Expenses$1,729$1,956▲ $227
Total Liabilities$425,969$408,567▼ $17,402
Net Assets / Fund Balance
Unrestricted Net Assets$114,084$114,234▲ $150
Temporarily Rstr Net Assets$7,598$7,598→ $0
Total Net Assets Fund Balance$121,682$121,832▲ $150
Total Liabilities and Net Assets / Fund Balance$547,651$530,399▼ $17,252

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$453,291$240,586$693,877
Equipment$4,105$113,270$117,375
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maureen DiGiovanniPresident
Anne CorbeyVice President
Alice EaglesonDirector
Cynthia MowlesDirector
Dorothy MathesonDirector
Erin St JeanDirector
Paula GagnonDirector
Cynthia KenneySecretary
Mark DiGiovanniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$61,246
Program Service Revenue
$171,876
Investment Income
$145
Other Revenue
$4,572
All Other Contributions
$39,494
Change in Net Assets
$150
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$195,335
Salaries, Compensation, and Employee Benefits$42,354
Total Fundraising Expense$8,855
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$69,425--$69,425
Current Officers, Directors, Trustees, and Key Employees$18,840$8,938$6,414$34,192
Depreciation Depletion$20,551--$20,551
Interest$15,920$1,819$455$18,194
Occupancy$14,591$1,668$417$16,676
Office Expenses$13,218$419-$13,637
Advertising$8,520--$8,520
Insurance$3,707$2,985-$6,692
Other Salaries and Wages$2,433$1,154$828$4,415
Information Technology$3,720$118-$3,838
Payroll Taxes$1,835$871$625$3,331
Fees for Services Accounting-$1,700-$1,700
Other Expenses$1,340$465$38$465
Other Employee Benefits$229$109$78$416
All Other Expenses$354$25-$379
Fees for Services Legal-$245-$245
Total Functional Expenses$207,896$20,938$8,855$237,689
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,498
Fundraising Gross Income$5,498
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Prelude$3,356$3,335$3,335$0
100 x 100$5,250$580$580$0
Total Events$21,260$5,498$5,498$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 B, line 11B

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
2018-06-15
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
4
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 : Program service expenses 69,425. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,425.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0103790
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt157375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29677
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31034
IRS990/ProgSrvcAccomActy2Grp/Desc0Programs including music school recitals, band concerts, workshops, etc.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0155206
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0108507
IRS990/ProgSrvcAccomActy3Grp/Desc0Gallery
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01034
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Adult Programs
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt09653
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt09677
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt075636
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0108
IRS990/PYOtherExpensesAmt0168937
IRS990/PYOtherRevenueAmt0668
IRS990/PYProgramServiceRevenueAmt0164581
IRS990/PYRevenuesLessExpensesAmt017272
IRS990/PYSalariesCompEmpBnftPaidAmt054784
IRS990/PYTotalExpensesAmt0223721
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0240993
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0150
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt04572
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt057375
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt066744
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt082147
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt048935
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt039595
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt084666
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0322087
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0307
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0745
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0171876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0164581
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0136626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0146798
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0149106
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0768987
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt080
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0307
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0745
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt04572
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0668
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0443
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt0900
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt06583
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99330
IRS990ScheduleA/PublicSupportPY509Pct00.99730
IRS990ScheduleA/PublicSupportTotal509Amt01091074
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0238620
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0246728
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0185561
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0186393
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0233772
IRS990ScheduleA/Total509Grp/TotalAmt01091074
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0243337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0247504
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0186109
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0187373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0234079
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01098402
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0453291
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0240586
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0693877
IRS990ScheduleD/EquipmentGrp/BookValueAmt04105
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0113270
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0117375
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0457396
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt015762
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt021
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt04670
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt011071
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05498
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Prelude
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0100 x 100
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt03356
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt05250
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt012654
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt021260
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt03335
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0580
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt01583
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt05498
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt01583
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05498
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03335
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0580
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt02
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board Treasurer reviews and signs the Form 990 prior to submitting to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization's governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Teachers : Program service expenses 69,425. Management and general expenses 0. Fundraising expenses 0. Total expenses 69,425.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, line 11g

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