Civic Intelligence

River Tree Arts

990 • Fiscal year 2021 • EIN 01-0411857

May 01, 2020 to Apr 30, 2021 • Filed on Sep 15, 2021

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

0.75x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

93rd percentile

1.48x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

49th percentile

12%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

31st percentile

0.8%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-15%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Up

$541,161

Up $4,496 (+0.8%) from 2020

Net Assets

Up

$136,523

Up $33,232 (+32%) from 2020

Liabilities

Down

$404,638

Down $28,736 (-6.6%) from 2020

Revenue

Down

$273,900

Down $47,856 (-15%) from 2020

Expenses

Down

$240,668

Down $98,570 (-29%) from 2020

Net Income

Up

$33,232

Up $50,714 (+290%) from 2020

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

2021

Assets$541,161
Liabilities$404,638
Net Assets$136,523

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

2021

Revenue$273,900
Expenses$240,668
Net Income$33,232
Jump To
Filing Snapshot
Filing Period
May 1, 2020 to Apr 30, 2021
Signed
Sep 15, 2021
Return Version
2020v4.1
Gross Receipts
$273,900
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$455,311$436,935▼ $18,376
Cash and Non-Interest-Bearing Accounts$81,354$104,226▲ $22,872
Total Assets$536,665$541,161▲ $4,496
Liabilities
Mortgage Notes Payable Secured by Investment Property$390,911$377,784▼ $13,127
Unsecured Notes Loans Payable$40,000$24,709▼ $15,291
Other Liabilities$600$2,935▲ $2,335
Accounts Payable and Accrued Expenses$1,863$-790▼ $2,653
Total Liabilities$433,374$404,638▼ $28,736
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$95,693$128,925▲ $33,232
Net Assets With Donor Restrictions$7,598$7,598→ $0
Total Net Assets Fund Balance$103,291$136,523▲ $33,232
Total Liabilities and Net Assets / Fund Balance$536,665$541,161▲ $4,496

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$433,142$296,961$730,103
Equipment$3,793$114,542$118,335
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paula GagnonPresident
Meg ParkhurstVice President
Alice EaglesonDirector
Dan NelsonDirector
Dorothy MathesonDirector
Erin St JeanDirector
Katherine Ryan-FairbanksDirector
Kiersten WilcoxDirector
Nicholas HowleyDirector
Rae IngwersenDirector
Tina FischerDirector
Maureen DiGiovanniDirector Emeritus
Cindy KennieSecretary
Mark DiGiovanniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,396
Program Service Revenue
$161,179
Investment Income
$14
Other Revenue
$1,311
All Other Contributions
$96,202
Change in Net Assets
$33,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,550
Salaries, Compensation, and Employee Benefits$47,118
Total Fundraising Expense$12,342
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$70,432--$70,432
Current Officers, Directors, Trustees, and Key Employees$20,653$9,763$7,135$37,551
Depreciation Depletion$19,438--$19,438
Interest$16,976$1,940$485$19,401
Occupancy$16,239$1,855$464$18,558
Insurance$6,331$5,179-$11,510
Office Expenses$7,197$223-$7,420
Payroll Taxes$3,116$1,473$1,077$5,666
Advertising$3,732--$3,732
Comp Disqual Persons$1,874$886$647$3,407
Fees for Services Accounting-$2,856-$2,856
Other Expenses$5,035$3,871$2,296$2,296
All Other Expenses-$548-$548
Other Employee Benefits$272$128$94$494
Fees for Services Legal-$245-$245
Total Functional Expenses$198,784$29,542$12,342$240,668
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$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
Gift Certificates Payables$1,550
Competitive Dance Fund$1,385
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 35% controlled entity
No
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

Maureen DiGiovanni, Director Emeritus, and Mark DiGiovanni, Treasurer, are a married couple.

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
2021-09-15

Organization Details

Formed
1982
Legal Domicile
Me
Voting Board Members
14
Independent Board Members
14
Employees
7
Volunteers
20

Preparer

Firm
Dakers & Hall LLC
Address
75 Market Street Suite 303, Portland, ME 04101
Preparer
Dana O Dakers CPA
Phone
2077732000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Teachers: Program service expenses 70,432. Management and general expenses 0. Fundraising expenses 0. Total expenses 70,432.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt094
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0128
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0272
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0494
IRS990/OtherExpensesGrp/Desc0Program Service Expense
IRS990/OtherExpensesGrp/Desc1Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc2Miscellaneous Admin Exp
IRS990/OtherExpensesGrp/Desc3Fundraising
IRS990/OtherExpensesGrp/FundraisingAmt0144
IRS990/OtherExpensesGrp/FundraisingAmt12296
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0575
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13871
IRS990/OtherExpensesGrp/ProgramServicesAmt027489
IRS990/OtherExpensesGrp/ProgramServicesAmt15035
IRS990/OtherExpensesGrp/TotalAmt027489
IRS990/OtherExpensesGrp/TotalAmt15754
IRS990/OtherExpensesGrp/TotalAmt23871
IRS990/OtherExpensesGrp/TotalAmt32296
IRS990/OtherLiabilitiesGrp/BOYAmt0600
IRS990/OtherLiabilitiesGrp/EOYAmt02935
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01077
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01473
IRS990/PayrollTaxesGrp/ProgramServicesAmt03116
IRS990/PayrollTaxesGrp/TotalAmt05666
IRS990/PoliticalCampaignActyInd00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711300
IRS990/ProgramServiceRevenueGrp/Desc0Dance Classes
IRS990/ProgramServiceRevenueGrp/Desc1Music
IRS990/ProgramServiceRevenueGrp/Desc2Other Programs
IRS990/ProgramServiceRevenueGrp/Desc3Adult Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt068938
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142395
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt232328
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt317518
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt068938
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142395
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt232328
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt317518
IRS990/ProgSrvcAccomActy2Grp/Desc0Dance School
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08084
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt068938
IRS990/ProgSrvcAccomActy3Grp/Desc0Adult Programs
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0785
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt017518
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other Programs
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0189024
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt033639
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt067096
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt059
IRS990/PYOtherExpensesAmt0240649
IRS990/PYOtherRevenueAmt03073
IRS990/PYProgramServiceRevenueAmt0251528
IRS990/PYRevenuesLessExpensesAmt0-17482
IRS990/PYSalariesCompEmpBnftPaidAmt098589
IRS990/PYTotalExpensesAmt0339238
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0321756
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt033232
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt01311
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt042395
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0111397
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt067096
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt064364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt066744
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt082147
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0391748
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0435
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0191957
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0251528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0220939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0171876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0164581
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01000881
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0435
IRS990ScheduleA/InvestmentIncomeCYPct00.00030
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt02083
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt03073
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt04358
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt04572
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt0668
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt014754
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98920
IRS990ScheduleA/PublicSupportPY509Pct00.98940
IRS990ScheduleA/PublicSupportTotal509Amt01392629
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0303354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0318624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0285303
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0238620
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0246728
IRS990ScheduleA/Total509Grp/TotalAmt01392629
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0305451
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0321757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0289769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0243337
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0247504
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01407818
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED

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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