Civic Intelligence

River Valley Initiative Foundation

990 • Fiscal year 2023 • EIN 32-0051502

Jul 01, 2022 to Jun 30, 2023 • Filed on May 01, 2024

900 Jackson St 109Dubuque, IA 52001

(563) 557-9049

Siviq Scores

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

Liabilities / Assets

46th percentile

0.01x

Higher debt load relative to assets than 46% of similar nonprofits.

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

Liabilities / Revenue

49th percentile

0.02x

Higher debt load relative to revenue than 49% of similar nonprofits.

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

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

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

Top Officer Pay

98th percentile

$352,903

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 57.5% of source-year revenue.

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

Asset Growth

82nd percentile

32%

Faster asset growth than 82% of similar nonprofits.

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

Revenue Growth

98th percentile

536%

Faster revenue growth than 98% of similar nonprofits.

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

Assets

Up

$998,106

Up $243,512 (+32%) from 2022

Net Assets

Up

$987,530

Up $232,936 (+31%) from 2022

Liabilities

Up

$10,576

Up $10,576 from 2022

Revenue

Up

$613,221

Up $516,763 (+536%) from 2022

Expenses

Up

$380,285

Up $351,595 (+1225%) from 2022

Net Income

Up

$232,936

Up $165,168 (+244%) 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 2012: $947,553Liabilities 2012: $286Net Assets 2012: $947,2672012Assets 2013: $905,961Liabilities 2013: $286Net Assets 2013: $905,6752013Assets 2017: $295,964Liabilities 2017: $0Net Assets 2017: $295,9642017Assets 2018: $312,073Liabilities 2018: $0Net Assets 2018: $312,0732018Assets 2020: $538,568Liabilities 2020: $0Net Assets 2020: $538,5682020Assets 2021: $686,826Liabilities 2021: $0Net Assets 2021: $686,8262021Assets 2022: $754,594Liabilities 2022: $0Net Assets 2022: $754,5942022Assets 2023: $998,106Liabilities 2023: $10,576Net Assets 2023: $987,5302023

Highlighted filing

2023

Assets$998,106
Liabilities$10,576
Net Assets$987,530

Operations Trend

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

$800K$600K$400K$200K$0Expenses 2012: $12,0292012Expenses 2013: $59,3322013Revenue 2017: $62,615Expenses 2017: $28,430Net Income 2017: $34,1852017Revenue 2018: $133,840Expenses 2018: $117,731Net Income 2018: $16,1092018Revenue 2020: $88,309Expenses 2020: $26,090Net Income 2020: $62,2192020Revenue 2021: $149,408Expenses 2021: $1,150Net Income 2021: $148,2582021Revenue 2022: $96,458Expenses 2022: $28,690Net Income 2022: $67,7682022Revenue 2023: $613,221Expenses 2023: $380,285Net Income 2023: $232,9362023

Highlighted filing

2023

Revenue$613,221
Expenses$380,285
Net Income$232,936
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 1, 2024
Return Version
2022v5.0
Gross Receipts
$613,221
Mission and Program Overview

Mission

To retain any expanding or exisitng business, recruit new business, and develop through a variety of means, the workforce the dubuque area needs to assure success. The outcomes include low unemployment, job growth, population growth, and increasing the average wage.

Retain any expanding, existing business, recruit new business, and develop a strong workforce

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$754,594$987,530▲ $232,936
Cash and Non-Interest-Bearing Accounts-$960,546-
Savings and Temporary Cash Investments$754,594$32,094▼ $722,500
Accounts Receivable-$5,466-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$754,594$998,106▲ $243,512
Liabilities
Accounts Payable and Accrued Expenses$0$10,576▲ $10,576
Total Liabilities$0$10,576▲ $10,576
Net Assets / Fund Balance
Total Net Assets Fund Balance$754,594$987,530▲ $232,936
Total Liabilities and Net Assets / Fund Balance$754,594$998,106▲ $243,512
Compensation and Service Providers

Employees

NameTitleOtherTotal
Rick DickinsonPresident and Chief Executive Officer$352,903$352,903

Board Members and Trustees

NameTitle
Mark ErnstChairperson
Rick DickinsonPresident and Chief Executive Office
Lori ThielenVice Chairperson
Alex DixonMember
Jill ConnorsMember
Joe HearnMember
John SchmidtMember
Tim HodgeMember
Dan WalshTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$612,643
Program Service Revenue
$0
Investment Income
$578
Other Revenue
$0
All Other Contributions
$447,043
Change in Net Assets
$232,936
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$353,485
Grants and Similar Amounts Paid$26,800
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$26,800--$26,800
Advertising-$25,000-$25,000
Fees for Services Accounting-$2,265-$2,265
Other Expenses$125--$125
All Other Expenses-$69-$69
Total Functional Expenses$352,951$27,334$0$380,285
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dubuque Dream Center IncDubuque, IA501(c)(3)Dubuque Works$10,000
Dubuque Area Labor Management CouncilDubuque, IA501(c)(3)Dubuque Works$8,800
Fountain of Youth ProgramDubuque, IA501(c)(3)Dubuque Works$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$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
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The return is reviewed by the governing body.

Form 990, Part VI, Section C, Line 19

The organziation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. The taxpayer prepares their financial statements on the modified cash basis of accounting. Under this basis, pledges receivable and contract revenues are recognized as revenue on the date of receipt and cash payments for lease expenses are recognized as expenditures on the date of payment. An accrual method is used to account for accounts receivable, property and equipment, notes receivable, amounts owed to vendors for operations and payroll and withholding taxes not yet deposited with the government.

Filing and Contact Details

Filer

Filer Name
River Valley Initiative Foundation
EIN
32-0051502
Phone
5635579049
Address
900 JACKSON ST 109, DUBUQUE, IA 52001

Signing Officer

Name
Rick Dickinson
Title
President & Chief Executive Officer
Phone
5635579049
Signed
2024-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Dickinson
Formed
2002
Legal Domicile
Ia
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Honkamp Krueger & Co Pc
Address
2345 JOHN F KENNEDY ROAD, DUBUQUE, IA 52002
Preparer
Richard R Runde CPA
Phone
5635560123
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

The procedures for the committee that assumes responsibility for the oversight of the audit have not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

River valley initiative foundation is exempt from income taxes under section 501(c)(3) of the irc and comparable state law, which provides tax exemption for entities organized and operated exclusively for religious, charitable or educational purposes.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01137820
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RIVER VALLEY INITIATIVE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC AND COMPARABLE STATE LAW, WHICH PROVIDES TAX EXEMPTION FOR ENTITIES ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE OR EDUCATIONAL PURPOSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt08800
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt210000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DUBUQUE WORKS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DUBUQUE WORKS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2DUBUQUE WORKS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DUBUQUE AREA LABOR MANAGEMENT COUNCIL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1FOUNTAIN OF YOUTH PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DUBUQUE DREAM CENTER INC
IRS990ScheduleI/RecipientTable/RecipientEIN0421319578
IRS990ScheduleI/RecipientTable/RecipientEIN1813722764
IRS990ScheduleI/RecipientTable/RecipientEIN2811062794
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 14
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1220 W 7TH ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21600 WHITE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DUBUQUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DUBUQUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm2DUBUQUE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1IA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2IA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd052004
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd152001
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd252001
IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt03
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0325720
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027183
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICK DICKINSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT AND CHIEF EXECUTIVE OFFICE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0352903
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS REVIEWED BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANZIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE TAXPAYER PREPARES THEIR FINANCIAL STATEMENTS ON THE MODIFIED CASH BASIS OF ACCOUNTING. UNDER THIS BASIS, PLEDGES RECEIVABLE AND CONTRACT REVENUES ARE RECOGNIZED AS REVENUE ON THE DATE OF RECEIPT AND CASH PAYMENTS FOR LEASE EXPENSES ARE RECOGNIZED AS EXPENDITURES ON THE DATE OF PAYMENT. AN ACCRUAL METHOD IS USED TO ACCOUNT FOR ACCOUNTS RECEIVABLE, PROPERTY AND EQUIPMENT, NOTES RECEIVABLE, AMOUNTS OWED TO VENDORS FOR OPERATIONS AND PAYROLL AND WITHHOLDING TAXES NOT YET DEPOSITED WITH THE GOVERNMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCEDURES FOR THE COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT HAVE NOT CHANGED FROM THE PRIOR YEAR.
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 XI, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0GREATER DUBUQUE DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GREATER DUBUQUE DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0421263173
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0RETAINING AND CREATING QUALITY JOBS AND ATTRACTING NEW INVESTMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0900 JACKSON ST SUITE 109
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DUBUQUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd052001
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt10
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt210576
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0GDDC AND RVI ARE LOCATED IN THE SAME BUILDING
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1GDDC EMPLOYEES OPERATE RVI
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2GREATER DUBUQUE DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0N
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

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