Civic Intelligence

The River Project Inc

990 • Fiscal year 2019 • EIN 13-3398150

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 11, 2020

Pier 40 at West Street Houston StNew York, NY 10014

(212) 233-3030

Siviq Scores

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

Liabilities / Assets

98th percentile

2.13x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

83rd percentile

0.37x

Higher debt load relative to revenue than 83% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$32,308

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

7th percentile

-28%

Faster asset growth than 7% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

25%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Down

$160,704

Down $60,998 (-28%) from 2018

Net Assets

Up

-$181,255

Up $338,306 (+65%) from 2018

Liabilities

Down

$341,959

Down $399,304 (-54%) from 2018

Revenue

Up

$935,839

Up $184,246 (+25%) from 2018

Expenses

Down

$536,130

Down $92,228 (-15%) from 2018

Net Income

Up

$399,709

Up $276,474 (+224%) from 2018

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2010: $33,949Liabilities 2010: $431,307Net Assets 2010: -$397,3582010Assets 2011: $29,139Liabilities 2011: $430,658Net Assets 2011: -$401,5192011Assets 2012: $31,031Liabilities 2012: $424,556Net Assets 2012: -$393,5252012Assets 2013: $41,971Liabilities 2013: $603,919Net Assets 2013: -$561,9482013Assets 2014: $91,023Liabilities 2014: $606,637Net Assets 2014: -$515,6142014Assets 2015: $60,004Liabilities 2015: $587,409Net Assets 2015: -$527,4052015Assets 2016: $54,551Liabilities 2016: $581,007Net Assets 2016: -$526,4562016Assets 2017: $62,602Liabilities 2017: $705,398Net Assets 2017: -$642,7962017Assets 2018: $221,702Liabilities 2018: $741,263Net Assets 2018: -$519,5612018Assets 2019: $160,704Liabilities 2019: $341,959Net Assets 2019: -$181,2552019Assets 2020: $188,833Liabilities 2020: $7,181Net Assets 2020: $181,6522020Assets 2021: $93,860Liabilities 2021: $6,481Net Assets 2021: $87,3792021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$160,704
Liabilities$341,959
Net Assets-$181,255

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: $521,860Expenses 2010: $522,146Net Income 2010: -$2862010Revenue 2011: $501,686Expenses 2011: $505,846Net Income 2011: -$4,1602011Revenue 2012: $532,251Expenses 2012: $525,332Net Income 2012: $6,9192012Revenue 2013: $476,940Expenses 2013: $615,343Net Income 2013: -$138,4032013Revenue 2014: $536,574Expenses 2014: $520,361Net Income 2014: $16,2132014Revenue 2015: $509,106Expenses 2015: $520,273Net Income 2015: -$11,1672015Revenue 2016: $520,024Expenses 2016: $519,075Net Income 2016: $9492016Revenue 2017: $496,632Expenses 2017: $612,972Net Income 2017: -$116,3402017Revenue 2018: $751,593Expenses 2018: $628,358Net Income 2018: $123,2352018Revenue 2019: $935,839Expenses 2019: $536,130Net Income 2019: $399,7092019Revenue 2020: $633,301Expenses 2020: $251,864Net Income 2020: $381,4372020Revenue 2021: $52,572Expenses 2021: $27,704Net Income 2021: $24,8682021Revenue 2022: $158Expenses 2022: $6,412Net Income 2022: -$6,2542022

Highlighted filing

2019

Revenue$935,839
Expenses$536,130
Net Income$399,709
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 11, 2020
Return Version
2019v5.0
Gross Receipts
$948,457
Mission and Program Overview

Mission

Research Education in Ecology of the Hudson River.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$722,773$332,111▼ $390,662
Pledges and Grants Receivable$179,279$110,380▼ $68,899
Savings and Temporary Cash Investments$13,886$28,193▲ $14,307
Land, Buildings, and Equipment, Net$28,102$22,282▼ $5,820
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Cash and Non-Interest-Bearing Accounts-$-586-
Total Assets$221,702$160,704▼ $60,998
Other Assets Total$435$435→ $0
Liabilities
Accounts Payable and Accrued Expenses$8,761$10,119▲ $1,358
Unsecured Notes Loans Payable$10,000--
Other Liabilities$-271$-271→ $0
Total Liabilities$741,263$341,959▼ $399,304
Net Assets / Fund Balance
Net Assets With Donor Restrictions$175,000$105,000▼ $70,000
Net Assets Without Donor Restrictions$-694,561$-286,255▲ $408,306
Total Net Assets Fund Balance$-519,561$-181,255▲ $338,306
Total Liabilities and Net Assets / Fund Balance$221,702$160,704▼ $60,998

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$23,002$141,912$164,914
Equipment$-1,785$91,017$89,232
Other Land Buildings$1,065$5,247$6,312
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cathy DrewBoard MemberFT$32,308$32,308

Board Members and Trustees

NameTitle
Miguel PadillaPresident
Marcha JohnsonVice President
Carter CraftBoard Member
David FinkBoard Member
Jeffrey Levinton PHDBoard Member
Richard CormanBoard Member
Dr Paul MankiewiczDirector
Ian DanicSecretary
Steve PaschallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$889,022
Program Service Revenue
$0
Investment Income
$10
Other Revenue
$46,807
All Other Contributions
$819,022
Change in Net Assets
$399,709

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Commercial1$210,000Fair Market Value
Total Noncash Contributions1$210,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$935,839
Total Revenue per Audited Statements
$935,839
Total Revenue per Form 990
$935,839
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,308
Salaries, Compensation, and Employee Benefits$247,322
Total Fundraising Expense$63,799
Professional Fundraising Fees$12,500
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$136,500$52,500$21,000$210,000
Other Salaries and Wages$124,835$48,014$19,205$192,054
Current Officers, Directors, Trustees, and Key Employees$21,000$8,077$3,231$32,308
Payroll Taxes$11,156$4,291$1,716$17,163
Fees for Services Professional Fundraising--$12,500$12,500
Other Employee Benefits$3,768$1,449$580$5,797
Depreciation Depletion$5,700--$5,700
Insurance$4,098$1,366-$5,464
Office Expenses$2,842$1,093$437$4,372
All Other Expenses$2,219$1,402$204$3,825
Travel$1,978$761$304$3,043
Other Expenses$2,486$956$1,825$1,825
Conferences and Meetings$1,139$438$175$1,752
Advertising$660--$660
Total Functional Expenses$332,936$139,395$63,799$536,130

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$536,130
Total Expenses per Audited Statements$536,130
Total Expenses per Form 990$536,130
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$37,079
Fundraising Direct Expenses$12,618
Professional Fundraising Fees$12,500

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event$37,079$37,079$12,618$24,461
Total Events$37,079$37,079$12,618$24,461
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$722,773$332,111▼ $390,662
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$-271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The River Project Inc
EIN
13-3398150
Phone
2122333030
Address
Pier 40 at West Street Houston St, New York, NY 10014

Signing Officer

Name
Steve Paschall
Title
Treasurer
Signed
2020-11-11
Discuss with paid preparer
Yes

Organization Details

Formed
1986
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
5
Employees
10
Volunteers
23

Preparer

Firm
Clarity Accounting & Tax Group LLC
Address
154 STELTON RD STE 4, PISCATAWAY, NJ 08854-2667
Preparer
Michael M Husbands
Phone
7327336988
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

= -$61403

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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoncashContributionsAmt0210000
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IRS990/OccupancyGrp/ManagementAndGeneralAmt052500
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IRS990/OfficeExpensesGrp/FundraisingAmt0437
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01093
IRS990/OfficeExpensesGrp/ProgramServicesAmt02842
IRS990/OfficeExpensesGrp/TotalAmt04372
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IRS990/OtherAssetsTotalGrp/BOYAmt0435
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IRS990/OtherChangesInNetAssetsAmt0-61403
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0580
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01449
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03768
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05797
IRS990/OtherExpensesGrp/Desc0Outside Professional Services
IRS990/OtherExpensesGrp/Desc1Audit Fees
IRS990/OtherExpensesGrp/Desc2Supplies
IRS990/OtherExpensesGrp/Desc3Fundraising
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IRS990/OtherExpensesGrp/FundraisingAmt1383
IRS990/OtherExpensesGrp/FundraisingAmt21825
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt113450
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2956
IRS990/OtherExpensesGrp/ProgramServicesAmt014555
IRS990/OtherExpensesGrp/ProgramServicesAmt12486
IRS990/OtherExpensesGrp/TotalAmt022392
IRS990/OtherExpensesGrp/TotalAmt113450
IRS990/OtherExpensesGrp/TotalAmt23825
IRS990/OtherExpensesGrp/TotalAmt31825
IRS990/OtherLiabilitiesGrp/BOYAmt0-271
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IRS990/OtherRevenueMiscGrp/Desc1Miscellaneous Sales
IRS990/OtherRevenueMiscGrp/Desc2Other Income
IRS990/OtherRevenueMiscGrp/ExclusionAmt017267
IRS990/OtherRevenueMiscGrp/ExclusionAmt12385
IRS990/OtherRevenueMiscGrp/ExclusionAmt22694
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12385
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt22694
IRS990/OtherRevenueTotalAmt022346
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt019205
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048014
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0124835
IRS990/OtherSalariesAndWagesGrp/TotalAmt0192054
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IRS990/PayrollTaxesGrp/FundraisingAmt01716
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04291
IRS990/PayrollTaxesGrp/ProgramServicesAmt011156
IRS990/PayrollTaxesGrp/TotalAmt017163
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
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IRS990/PYContributionsGrantsAmt0717212
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IRS990/PYOtherExpensesAmt0320354
IRS990/PYOtherRevenueAmt034365
IRS990/PYRevenuesLessExpensesAmt0123235
IRS990/PYSalariesCompEmpBnftPaidAmt0308004
IRS990/PYTotalExpensesAmt0628358
IRS990/PYTotalRevenueAmt0751593
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0506207
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt012
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportPY509Pct00.93840
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0509106
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02981030
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0-1785
IRS990ScheduleD/EquipmentGrp/DepreciationAmt091017

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