Civic Intelligence

River Tree Arts

990 • Fiscal year 2023 • EIN 01-0411857

May 01, 2022 to Apr 30, 2023 • Filed on Jan 15, 2024

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

90th percentile

0.68x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.93x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

38th percentile

-1.1%

Higher net margin than 38% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

32nd percentile

-2.6%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

12%

Faster revenue growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$522,181

Down $14,098 (-2.6%) from 2022

Net Assets

Down

$164,797

Down $4,250 (-2.5%) from 2022

Liabilities

Down

$357,384

Down $9,848 (-2.7%) from 2022

Revenue

Up

$383,150

Up $42,036 (+12%) from 2022

Expenses

Up

$387,400

Up $78,933 (+26%) from 2022

Net Income

Down

-$4,250

Down $36,897 (-113%) from 2022

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

2023

Assets$522,181
Liabilities$357,384
Net Assets$164,797

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

2023

Revenue$383,150
Expenses$387,400
Net Income-$4,250
Jump To
Filing Snapshot
Filing Period
May 1, 2022 to Apr 30, 2023
Signed
Jan 15, 2024
Return Version
2022v5.0
Gross Receipts
$383,150
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$417,911$410,324▼ $7,587
Cash and Non-Interest-Bearing Accounts$107,986$102,189▼ $5,797
Prepaid Expenses and Deferred Charges$1,890$1,176▼ $714
Total Assets$536,279$522,181▼ $14,098
Other Assets Total$8,492$8,492→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$363,983$349,468▼ $14,515
Accounts Payable and Accrued Expenses$1,119$5,016▲ $3,897
Other Liabilities$2,130$2,900▲ $770
Total Liabilities$367,232$357,384▼ $9,848
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$161,449$157,199▼ $4,250
Net Assets With Donor Restrictions$7,598$7,598→ $0
Total Net Assets Fund Balance$169,047$164,797▼ $4,250
Total Liabilities and Net Assets / Fund Balance$536,279$522,181▼ $14,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$327,885$292,115-
Equipment$3,248$115,087-
Leasehold Improvements$79,191$42,355-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Paula GagnonPresident
Morgan MoranVice President
Barbara BerryDirector
Dorothy MathesonDirector
Michael LeeDirector
Nicholas HowleyDirector
Phyl HarmonDirector
Rae IngwersenDirector
Tina FisherDirector
Maureen DiGiovanniDirector Emeritus
Meg ParkhurstSecretary
Sarah JonesTreasurer
Mark DiGiovanniTreasurer Emeritus
Revenue and Support

Revenue Composition

Contributions and Grants
$77,546
Program Service Revenue
$300,175
Investment Income
$0
Other Revenue
$5,429
All Other Contributions
$62,052
Change in Net Assets
$-4,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$299,757
Salaries, Compensation, and Employee Benefits$87,643
Total Fundraising Expense$17,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$119,318--$119,318
Current Officers, Directors, Trustees, and Key Employees$28,015$13,286$9,709$51,010
Occupancy$20,019$2,288$572$22,879
Depreciation Depletion$19,029--$19,029
Interest$15,762$1,801$450$18,013
Comp Disqual Persons$9,386$4,437$3,243$17,066
Other Employee Benefits$6,649$3,143$2,297$12,089
Insurance$6,330$5,179-$11,509
Payroll Taxes$4,113$1,944$1,421$7,478
Office Expenses$4,123$128-$4,251
Fees for Services Accounting-$3,893-$3,893
Other Expenses$333$575$143$333
Fees for Services Legal-$235-$235
Total Functional Expenses$324,905$44,660$17,835$387,400
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
Advance Payback$1,829
Accured Maine Income Tax$981
Accured Maine Unemployment$90
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
Sarah Jones
Title
Treasurer
Phone
2079679120
Signed
2024-01-15

Organization Details

Principal Officer
Sarah Jones
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 119,318. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,318.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer Emeritus
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IRS990/OtherExpensesGrp/TotalAmt25752
IRS990/OtherExpensesGrp/TotalAmt3333
IRS990/OtherLiabilitiesGrp/BOYAmt02130
IRS990/OtherLiabilitiesGrp/EOYAmt02900
IRS990/OtherRevenueMiscGrp/BusinessCd0711300
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt05429
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05429
IRS990/OtherRevenueTotalAmt05429
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01421
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01944
IRS990/PayrollTaxesGrp/ProgramServicesAmt04113
IRS990/PayrollTaxesGrp/TotalAmt07478
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01890
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01176
IRS990/PrincipalOfficerNm0Sarah Jones
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711300
IRS990/ProgramServiceRevenueGrp/Desc0Other Programs
IRS990/ProgramServiceRevenueGrp/Desc1Dance Classes
IRS990/ProgramServiceRevenueGrp/Desc2Music
IRS990/ProgramServiceRevenueGrp/Desc3Adult Programs
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt089375
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt181628
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt268001
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt361171
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt089375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt181628
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268001
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt361171
IRS990/ProgSrvcAccomActy2Grp/Desc0Dance School
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt018221
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt081628
IRS990/ProgSrvcAccomActy3Grp/Desc0Adult Programs
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04548
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt061171
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0300389
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt094804
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt071873
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0247642
IRS990/PYOtherRevenueAmt0228
IRS990/PYProgramServiceRevenueAmt0269013
IRS990/PYRevenuesLessExpensesAmt032647
IRS990/PYSalariesCompEmpBnftPaidAmt060825
IRS990/PYTotalExpensesAmt0308467
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0341114
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-4250
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt068001
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt077546
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0123983
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0111397
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt067096
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt064364
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0444386
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0108
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0300175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0267615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0191957
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0251528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0220939
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01232214
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0108
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0182
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearAmt03824
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus1YearAmt0-229
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt02083
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt03073
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus4YearsAmt04358
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt013109
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99210
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt01676600
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0377721
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0391598
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0303354
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0318624
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0285303
IRS990ScheduleA/Total509Grp/TotalAmt01676600
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0381545
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0391369
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0305451
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0321757
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0289769
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01689891
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0327885
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0292115
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0620000
IRS990ScheduleD/EquipmentGrp/BookValueAmt03248
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0115087
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0118335
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079191
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042355
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0121546
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0981
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt190
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21829
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accured Maine Income Tax
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accured Maine Unemployment
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Advance Payback
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0410324
IRS990ScheduleD/TotalLiabilityAmt02900
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Maureen DiGiovanni, Director Emeritus, and Mark DiGiovanni, Treasurer, are a married couple.

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