Civic Intelligence

Rum River Art Center Inc.

990 • Fiscal year 2023 • EIN 45-5548481

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

2665 4th AveAnoka, MN 55303

(763) 323-8830

Siviq Scores

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

Liabilities / Assets

75th percentile

0.19x

Higher debt load relative to assets than 75% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.08x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

54th percentile

6.0%

Higher net margin than 54% of similar nonprofits.

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

Top Officer Pay

64th percentile

$40,000

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

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

Asset Growth

78th percentile

25%

Faster asset growth than 78% of similar nonprofits.

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

Revenue Growth

61st percentile

17%

Faster revenue growth than 61% of similar nonprofits.

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

Assets

Up

$234,256

Up $46,402 (+25%) from 2022

Net Assets

Up

$189,690

Up $35,994 (+23%) from 2022

Liabilities

Up

$44,566

Up $10,408 (+30%) from 2022

Revenue

Up

$525,776

Up $76,513 (+17%) from 2022

Expenses

Up

$494,408

Up $110,069 (+29%) from 2022

Net Income

Down

$31,368

Down $33,556 (-52%) from 2022

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2013: $8,096Liabilities 2013: $8,3652013Assets 2014: $4,775Liabilities 2014: $4,4532014Assets 2015: $4,091Liabilities 2015: $7,171Net Assets 2015: -$3,0802015Assets 2016: $16,158Liabilities 2016: $8,721Net Assets 2016: $7,4372016Assets 2017: $30,778Liabilities 2017: $4,708Net Assets 2017: $26,0702017Assets 2018: $36,946Net Assets 2018: $36,9462018Assets 2019: $42,721Liabilities 2019: $5,066Net Assets 2019: $37,6552019Assets 2020: $124,767Liabilities 2020: $29,201Net Assets 2020: $95,5662020Assets 2021: $125,631Liabilities 2021: $29,029Net Assets 2021: $96,6022021Assets 2022: $187,854Liabilities 2022: $34,158Net Assets 2022: $153,6962022Assets 2023: $234,256Liabilities 2023: $44,566Net Assets 2023: $189,6902023Assets 2024: $269,444Liabilities 2024: $38,297Net Assets 2024: $231,1472024

Highlighted filing

2023

Assets$234,256
Liabilities$44,566
Net Assets$189,690

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2013: $60,875Expenses 2013: $61,144Net Income 2013: -$2692013Revenue 2014: $58,671Expenses 2014: $58,080Net Income 2014: $5912014Revenue 2015: $72,164Expenses 2015: $75,566Net Income 2015: -$3,4022015Revenue 2016: $113,013Expenses 2016: $102,496Net Income 2016: $10,5172016Revenue 2017: $130,033Expenses 2017: $111,400Net Income 2017: $18,6332017Revenue 2018: $182,460Expenses 2018: $166,134Net Income 2018: $16,3262018Revenue 2019: $220,638Expenses 2019: $215,831Net Income 2019: $4,8072019Revenue 2020: $295,018Expenses 2020: $235,944Net Income 2020: $59,0742020Revenue 2021: $327,889Expenses 2021: $321,407Net Income 2021: $6,4822021Revenue 2022: $449,263Expenses 2022: $384,339Net Income 2022: $64,9242022Revenue 2023: $525,776Expenses 2023: $494,408Net Income 2023: $31,3682023Revenue 2024: $598,914Expenses 2024: $557,457Net Income 2024: $41,4572024

Highlighted filing

2023

Revenue$525,776
Expenses$494,408
Net Income$31,368
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$525,776
Mission and Program Overview

Mission

ART ENRICHMENT PROGRAMS

Provide art enrichment programs to homeschool children and after school art enrichment programs for youth and adults

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$153,696$189,690▲ $35,994
Savings and Temporary Cash Investments$60,052$113,386▲ $53,334
Cash and Non-Interest-Bearing Accounts$104,140$85,178▼ $18,962
Land, Buildings, and Equipment, Net$23,662$23,722▲ $60
Accounts Receivable-$6,720-
Inventories for Sale or Use-$1,573-
Total Assets$187,854$234,256▲ $46,402
Other Assets Total-$3,677-
Liabilities
Deferred Revenue$23,052$23,052→ $0
Accounts Payable and Accrued Expenses$11,106$21,514▲ $10,408
Total Liabilities$34,158$44,566▲ $10,408
Net Assets / Fund Balance
Total Net Assets Fund Balance$153,696$189,690▲ $35,994
Total Liabilities and Net Assets / Fund Balance$187,854$234,256▲ $46,402

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Equipment$23,722--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Makilyn KoepExecutive DirectorFT$40,000$40,000
Larry WeinbergDirectorPT$16,250$16,250
Susan YeeOfficerPT$16,250$16,250
Revenue and Support

Revenue Composition

Contributions and Grants
$99,635
Program Service Revenue
$409,818
Investment Income
$3,334
Other Revenue
$12,989
All Other Contributions
$54,189
Change in Net Assets
$31,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$299,070
Other Expenses$195,338
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$140,819$0$0$140,819
Other Salaries and Wages$136,575$0$0$136,575
Fees for Services Management$60,337$0$0$60,337
Occupancy$46,800$0$0$46,800
All Other Expenses$41,226$0$0$41,226
Payroll Taxes$21,676$0$0$21,676
Insurance$2,688$0$0$2,688
Conferences and Meetings$2,128$0$0$2,128
Advertising$1,259$0$0$1,259
Office Expenses$969$0$0$969
Other Expenses$876$0$0$876
Fees for Services Legal$615$0$0$615
Travel$100$0$0$100
Total Functional Expenses$494,408$0$0$494,408
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
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
Filing and Contact Details

Filer

Filer Name
Rum River Art Inc
EIN
45-5548481
Phone
7633238830
Address
2665 4TH AVE, ANOKA, MN 55303

Signing Officer

Name
Makilyn Koep
Title
Executive Director
Phone
7633238830
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
12

Preparer

Firm
K Olson & Associates Inc
Address
2665 4TH AVE STE 107, ANOKA, MN 55303
Preparer
Kurt Kiecker-olson
Phone
7635351584
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Director and officer are related

Pt VI, Line 11B

Financial statements were reviewd and approved by board of directs before form 990 was processed. Form 990 was filed according to the financial statements.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/TotalAssetsGrp/BOYAmt0187854
IRS990/TotalAssetsGrp/EOYAmt0234256
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt099635
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0494408
IRS990/TotalFunctionalExpensesGrp/TotalAmt0494408
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt034158
IRS990/TotalLiabilitiesEOYAmt044566
IRS990/TotalLiabilitiesGrp/BOYAmt034158
IRS990/TotalLiabilitiesGrp/EOYAmt044566
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0153696
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0189690
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0494408
IRS990/TotalProgramServiceRevenueAmt0409818
IRS990/TotalReportableCompFromOrgAmt072500
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0426141
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0525776
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0187854
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0234256
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0100
IRS990/TravelGrp/TotalAmt0100
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02665 4TH AVE
IRS990/USAddress/CityNm0ANOAK
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055303
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MAKILYN KOEP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07633238830
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RUM RIVER ART INC
ReturnHeader/Filer/BusinessNameControlTxt0RUMR
ReturnHeader/Filer/EIN0455548481
ReturnHeader/Filer/PhoneNum07633238830
ReturnHeader/Filer/USAddress/AddressLine1Txt02665 4TH AVE
ReturnHeader/Filer/USAddress/CityNm0ANOKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055303
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0371504937
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0K OLSON & ASSOCIATES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02665 4TH AVE STE 107
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANOKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055303
ReturnHeader/PreparerPersonGrp/PhoneNum07635351584
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KURT KIECKER-OLSON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-13T14:50:16-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.69$0.38$2.31$5.99$5.57$0.41
2023Detailed filing. Detailed filing data is available for this year.$2.34$0.45$1.90$5.26$4.94$0.31
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.34$1.54$4.49$3.84$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.29$0.97$3.28$3.21$0.06
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.29$0.96$2.95$2.36$0.59
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.05$0.38$2.21$2.16$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.37$0.37$1.82$1.66$0.16
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.05$0.26$1.30$1.11$0.19
2016Detailed filing. Detailed filing data is available for this year.$0.16$0.09$0.07$1.13$1.02$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.04$0.07$0.03$0.72$0.76$0.03
2014Summary only. Only limited summary data is available for this year.$0.05$0.04$0.59$0.58$0.01
2013Summary only. Only limited summary data is available for this year.$0.08$0.08$0.61$0.61$0.00