Civic Intelligence

Riverfront Museum Park

990 • Fiscal year 2015 • EIN 36-3605403

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 26, 2016

711 North Main StreetRockford, IL 61103

(815) 972-2800

Siviq Scores

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

Liabilities / Assets

76th percentile

0.31x

Higher debt load relative to assets than 76% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.11x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

42nd percentile

-0.9%

Faster asset growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

25th percentile

-10%

Faster revenue growth than 25% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Assets

Down

$228,805

Down $2,182 (-0.9%) from 2014

Net Assets

Down

$158,984

Down $4,446 (-2.7%) from 2014

Liabilities

Up

$69,821

Up $2,264 (+3.4%) from 2014

Revenue

Down

$645,690

Down $72,333 (-10%) from 2014

Expenses

Down

$650,136

Down $61,575 (-8.7%) from 2014

Net Income

Down

-$4,446

Down $10,758 (-170%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $303,290Liabilities 2010: $109,668Net Assets 2010: $193,6222010Assets 2011: $280,955Liabilities 2011: $77,674Net Assets 2011: $203,2812011Assets 2012: $371,232Liabilities 2012: $186,064Net Assets 2012: $185,1682012Assets 2013: $229,175Liabilities 2013: $64,637Net Assets 2013: $164,5382013Assets 2014: $230,987Liabilities 2014: $67,557Net Assets 2014: $163,4302014Assets 2015: $228,805Liabilities 2015: $69,821Net Assets 2015: $158,9842015Assets 2019: $220,490Liabilities 2019: $74,166Net Assets 2019: $146,3242019Assets 2020: $449,438Liabilities 2020: $123,336Net Assets 2020: $326,1022020Assets 2021: $453,264Liabilities 2021: $46,564Net Assets 2021: $406,7002021Assets 2022: $459,885Liabilities 2022: $41,952Net Assets 2022: $417,9332022Assets 2023: $589,854Liabilities 2023: $32,181Net Assets 2023: $557,6732023Assets 2024: $5,956,460Liabilities 2024: $906,732Net Assets 2024: $5,049,7282024

Highlighted filing

2015

Assets$228,805
Liabilities$69,821
Net Assets$158,984

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $829,8862010Expenses 2011: $780,4452011Expenses 2012: $1,260,4342012Revenue 2013: $1,143,069Expenses 2013: $1,102,243Net Income 2013: $40,8262013Revenue 2014: $718,023Expenses 2014: $711,711Net Income 2014: $6,3122014Revenue 2015: $645,690Expenses 2015: $650,136Net Income 2015: -$4,4462015Revenue 2019: $652,410Expenses 2019: $705,282Net Income 2019: -$52,8722019Revenue 2020: $701,650Expenses 2020: $617,090Net Income 2020: $84,5602020Revenue 2021: $754,663Expenses 2021: $672,426Net Income 2021: $82,2372021Revenue 2022: $750,758Expenses 2022: $716,121Net Income 2022: $34,6372022Revenue 2023: $961,211Expenses 2023: $832,005Net Income 2023: $129,2062023Revenue 2024: $5,380,577Expenses 2024: $891,895Net Income 2024: $4,488,6822024

Highlighted filing

2015

Revenue$645,690
Expenses$650,136
Net Income-$4,446
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 26, 2016
Return Version
2015v2.0
Gross Receipts
$645,690
Mission and Program Overview

Mission

Support and sustain a vibrant and healthy facility that enables our member organizations to showcase the arts and sciences.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$162,250$162,426▲ $176
Cash and Non-Interest-Bearing Accounts$41,147$46,410▲ $5,263
Accounts Receivable$12,741$11,950▼ $791
Land, Buildings, and Equipment, Net$8,261$4,617▼ $3,644
Prepaid Expenses and Deferred Charges$6,088$3,402▼ $2,686
Pledges and Grants Receivable$500$0▼ $500
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-
Total Assets$230,987$228,805▼ $2,182
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$67,557$69,821▲ $2,264
Total Liabilities$67,557$69,821▲ $2,264
Net Assets / Fund Balance
Unrestricted Net Assets$163,430$158,984▼ $4,446
Total Net Assets Fund Balance$163,430$158,984▼ $4,446
Total Liabilities and Net Assets / Fund Balance$230,987$228,805▼ $2,182

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,617$111,406-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sarah WolfDisc CTR E D--$125,569$125,569
Linda DennisSEC'Y/RAM E D--$82,681$82,681
Julie Thomas2nd VP/rso E D--$63,730$63,730
Cyndie HowardFacility MgrFT$42,996$10,020$53,016
Carmella RongereRdc E D--$10,418$10,418
Emily Del VecchioRdc E D--$4,269$4,269

Board Members and Trustees

NameTitle
Frank GambinoPresident
Dan Ross1st VP
Dave SchroepferGovernor
Joel HuotariGovernor
Julie SegerGovernor
Maria BoyntonGovernor
Martha MitchellGovernor
PATRICK O'KEEFEGovernor
Phil MastertonGovernor
Richard WolffGovernor
Staci HosteNpr E D
Cindy StoltzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$532,615
Program Service Revenue
$99,996
Investment Income
$176
Other Revenue
$12,903
All Other Contributions
$2,653
Change in Net Assets
$-4,446

Audited Revenue Reconciliation

Revenue per Audited Statements
$645,690
Revenue Not Reported on Form 990
$266,200
Total Revenue per Audited Statements
$911,890
Total Revenue per Form 990
$645,690
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$453,492
Salaries, Compensation, and Employee Benefits$196,644
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$332,850$5,068-$337,918
Other Salaries and Wages$101,756$11,306-$113,062
Current Officers, Directors, Trustees, and Key Employees$47,714$5,302-$53,016
Other Employee Benefits$14,825$1,647-$16,472
Insurance$16,072$245-$16,317
Payroll Taxes$12,685$1,409-$14,094
Fees for Services Other$12,208$186-$12,394
Office Expenses$6,596$847-$7,443
Fees for Services Accounting-$5,295-$5,295
Depreciation Depletion$3,588$55-$3,643
Other Expenses$70,179$303-$303
Total Functional Expenses$618,473$31,663$0$650,136

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$916,336
Expenses per Audited Statements$650,136
Total Expenses per Form 990$650,136
Expenses Not Reported on Form 990$266,200
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 11B: Form 990 Review Process

Copies of the form 990 are provided to each of the board members. The 990 is then discussed at a board meeting and approved for release.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The organization uses the annual audit to help identify conflicts of interest. If any are noted they are handled accordingly.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Full board reviews ED compensation annually based upon assessment of performance and market comparisons.

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

All of these documents are available to the public upon request. Also, the audited financial statements and annual tax documents are available on government websites.

Filing and Contact Details

Filer

Filer Name
Riverfront Museum Park
EIN
36-3605403
Phone
8159722800
Address
711 NORTH MAIN STREET, ROCKFORD, IL 61103

Signing Officer

Name
Cyndie Howard
Title
Facility Mgr
Signed
2016-08-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cyndie Howard
Formed
1988
Legal Domicile
Il
Voting Board Members
17
Independent Board Members
14
Employees
11
Volunteers
17

Preparer

Firm
Quimby & Co PC
Address
697 S BLACKHAWK BLVD, ROCKTON, IL 61072-2909
Preparer
Mark Harrison Trotter CPA
Phone
8156246601
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

Riverfront follows the authoritative guidance of the Financial Accounting Standards Board clarifying the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribing a recognition threshold of more-likely-than-not to be sustained upon examination. Riverfront does not believe any uncertainties exist.Riverfront conducts business solely in the United States and as a result, files information returns for the U.S. and Illinois. In the normal course of business Riverfront is subject to examination by taxing authorities. Returns for fiscal years subsequent to 2011 are open, by statute, for review. However, at present there are no ongoing income tax audits or unresolved disputes with the various taxing authorities Riverfront currently files or has filed with.

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