Civic Intelligence

River Tree Arts

990 • Fiscal year 2022 • EIN 01-0411857

May 01, 2021 to Apr 30, 2022 • Filed on Nov 21, 2022

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

0.68x

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

1.08x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

56th percentile

9.6%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

42nd percentile

-0.9%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

25%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$536,279

Down $4,882 (-0.9%) from 2021

Net Assets

Up

$169,047

Up $32,524 (+24%) from 2021

Liabilities

Down

$367,232

Down $37,406 (-9.2%) from 2021

Revenue

Up

$341,114

Up $67,214 (+25%) from 2021

Expenses

Up

$308,467

Up $67,799 (+28%) from 2021

Net Income

Down

$32,647

Down $585 (-1.8%) from 2021

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

2022

Assets$536,279
Liabilities$367,232
Net Assets$169,047

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

2022

Revenue$341,114
Expenses$308,467
Net Income$32,647
Jump To
Filing Snapshot
Filing Period
May 1, 2021 to Apr 30, 2022
Signed
Nov 21, 2022
Return Version
2021v4.2
Gross Receipts
$341,114
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$436,935$417,911▼ $19,024
Cash and Non-Interest-Bearing Accounts$104,226$107,986▲ $3,760
Prepaid Expenses and Deferred Charges-$1,890-
Total Assets$541,161$536,279▼ $4,882
Other Assets Total$0$8,492▲ $8,492
Liabilities
Mortgage Notes Payable Secured by Investment Property$377,784$363,983▼ $13,801
Unsecured Notes Loans Payable$24,709--
Other Liabilities$2,935$2,130▼ $805
Accounts Payable and Accrued Expenses$-790$1,119▲ $1,909
Total Liabilities$404,638$367,232▼ $37,406
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$128,925$161,449▲ $32,524
Net Assets With Donor Restrictions$7,598$7,598→ $0
Total Net Assets Fund Balance$136,523$169,047▲ $32,524
Total Liabilities and Net Assets / Fund Balance$541,161$536,279▼ $4,882

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$414,472$315,631$730,103
Equipment$3,439$114,896$118,335
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paula GagnonPresident
Meg ParkhurstVice President & Secretary
Dan NelsonDirector
Dorothy MathesonDirector
Kiersten WilcoxDirector
Morgan MoranDirector
Nicholas HowleyDirector
Rae IngwersenDirector
Tina FischerDirector
Maureen DiGiovanniDirector Emeritus
Mark DiGiovanniTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$71,873
Program Service Revenue
$269,013
Investment Income
$0
Other Revenue
$228
All Other Contributions
$60,791
Change in Net Assets
$32,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$247,642
Salaries, Compensation, and Employee Benefits$60,825
Total Fundraising Expense$14,486
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$90,054--$90,054
Current Officers, Directors, Trustees, and Key Employees$23,141$10,940$7,994$42,075
Depreciation Depletion$19,024--$19,024
Interest$16,386$1,873$468$18,727
Office Expenses$12,088$338-$12,426
Occupancy$10,737$1,227$307$12,271
Insurance$5,841$4,779-$10,620
Comp Disqual Persons$5,262$2,488$1,818$9,568
Payroll Taxes$4,858$2,297$1,678$8,833
Fees for Services Accounting-$3,875-$3,875
Advertising$3,732--$3,732
Other Expenses$845$97$24$966
All Other Expenses-$424-$424
Other Employee Benefits$192$91$66$349
Fees for Services Legal-$245-$245
Total Functional Expenses$262,935$31,046$14,486$308,467
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$1,475
Competitive Dance Fund$655
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
2022-11-21

Organization Details

Formed
1982
Legal Domicile
Me
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

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 90,054. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,054.

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01890
IRS990/PriorPeriodAdjustmentsAmt0-123
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711300
IRS990/ProgramServiceRevenueGrp/Desc0Dance Classes
IRS990/ProgramServiceRevenueGrp/Desc1Other Programs
IRS990/ProgramServiceRevenueGrp/Desc2Music
IRS990/ProgramServiceRevenueGrp/Desc3Adult Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt091449
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt177942
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt253631
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt345991
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt091449
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt177942
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt253631
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt345991
IRS990/ProgSrvcAccomActy2Grp/Desc0Dance School
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt021327
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt091449
IRS990/ProgSrvcAccomActy3Grp/Desc0Adult Programs
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02795
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt045991
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0237414
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt078170
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0111396
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014
IRS990/PYOtherExpensesAmt0193550
IRS990/PYOtherRevenueAmt01311
IRS990/PYProgramServiceRevenueAmt0161179
IRS990/PYRevenuesLessExpensesAmt033232
IRS990/PYSalariesCompEmpBnftPaidAmt047118
IRS990/PYTotalExpensesAmt0240668
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0273900
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt032647
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0228
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt053631
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0123983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0111397
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt067096
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt064364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt066744
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0433584
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0327
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0267615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0191957
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0251528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0220939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0171876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01103915
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0327
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt0-229
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt02083
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt03073
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt04358
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt04572
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt013857
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99090
IRS990ScheduleA/PublicSupportPY509Pct00.98920
IRS990ScheduleA/PublicSupportTotal509Amt01537499
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0391598
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0303354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0318624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0285303
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0238620
IRS990ScheduleA/Total509Grp/TotalAmt01537499
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0391369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0305451
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0321757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0289769
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0243337
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01551683
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0414472
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0315631
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0730103
IRS990ScheduleD/EquipmentGrp/BookValueAmt03439
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114896
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0118335
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1655
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Gift Certificates Payables
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Competitive Dance Fund
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0417911
IRS990ScheduleD/TotalLiabilityAmt02130
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Maureen DiGiovanni, Director Emeritus, and Mark DiGiovanni, Treasurer, are a married couple.
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: Program service expenses 90,054. Management and general expenses 0. Fundraising expenses 0. Total expenses 90,054.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
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/StatesWhereCopyOfReturnIsFldCd0ME
IRS990/SubjectToExcsTaxNetInvstIncInd00

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