Civic Intelligence

Riverside Resources Inc.

990 • Fiscal year 2019 • EIN 48-0729273

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 03, 2020

700 N 3rd StreetLeavenworth, KS 66048

(913) 651-6810

Siviq Scores

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

Liabilities / Assets

56th percentile

0.12x

Higher debt load relative to assets than 56% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

55th percentile

0.11x

Higher debt load relative to revenue than 55% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

36th percentile

-0.9%

Higher net margin than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

60th percentile

$83,354

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

33rd percentile

-1.4%

Faster asset growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

27th percentile

-6.4%

Faster revenue growth than 27% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,905,046

Down $27,395 (-1.4%) from 2018

Net Assets

Down

$1,685,513

Down $17,594 (-1.0%) from 2018

Liabilities

Down

$219,533

Down $9,801 (-4.3%) from 2018

Revenue

Down

$1,976,493

Down $135,598 (-6.4%) from 2018

Expenses

Down

$1,994,087

Down $97,263 (-4.7%) from 2018

Net Income

Down

-$17,594

Down $38,335 (-185%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $2,359,533Liabilities 2012: $441,217Net Assets 2012: $1,918,3162012Assets 2014: $2,156,284Liabilities 2014: $403,957Net Assets 2014: $1,752,3272014Assets 2016: $1,979,698Liabilities 2016: $421,353Net Assets 2016: $1,558,3452016Assets 2017: $1,921,778Liabilities 2017: $239,412Net Assets 2017: $1,682,3662017Assets 2018: $1,932,441Liabilities 2018: $229,334Net Assets 2018: $1,703,1072018Assets 2019: $1,905,046Liabilities 2019: $219,533Net Assets 2019: $1,685,5132019Assets 2020: $1,686,328Liabilities 2020: $173,407Net Assets 2020: $1,512,9212020Assets 2021: $1,498,571Liabilities 2021: $185,360Net Assets 2021: $1,313,2112021Assets 2023: $1,750,561Liabilities 2023: $344,744Net Assets 2023: $1,405,8172023Assets 2024: $1,850,049Liabilities 2024: $441,971Net Assets 2024: $1,408,0782024

Highlighted filing

2019

Assets$1,905,046
Liabilities$219,533
Net Assets$1,685,513

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $2,539,0962012Revenue 2014: $2,381,570Expenses 2014: $2,551,377Net Income 2014: -$169,8072014Revenue 2016: $2,175,755Expenses 2016: $2,260,712Net Income 2016: -$84,9572016Revenue 2017: $2,188,991Expenses 2017: $2,064,970Net Income 2017: $124,0212017Revenue 2018: $2,112,091Expenses 2018: $2,091,350Net Income 2018: $20,7412018Revenue 2019: $1,976,493Expenses 2019: $1,994,087Net Income 2019: -$17,5942019Revenue 2020: $1,754,524Expenses 2020: $1,927,116Net Income 2020: -$172,5922020Revenue 2021: $1,915,140Expenses 2021: $1,995,549Net Income 2021: -$80,4092021Revenue 2023: $2,117,911Expenses 2023: $2,372,092Net Income 2023: -$254,1812023Revenue 2024: $2,351,334Expenses 2024: $2,349,073Net Income 2024: $2,2612024

Highlighted filing

2019

Revenue$1,976,493
Expenses$1,994,087
Net Income-$17,594
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 3, 2020
Return Version
2018v3.1
Gross Receipts
$1,976,493
Mission and Program Overview

Mission

Serve disabled individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,082,673$980,453▼ $102,220
Land, Buildings, and Equipment, Net$583,924$601,837▲ $17,913
Savings and Temporary Cash Investments$135,663$140,671▲ $5,008
Accounts Receivable$63,650$136,223▲ $72,573
Other Notes and Loans Receivable, Net$29,102$29,102→ $0
Prepaid Expenses and Deferred Charges$27,035$16,760▼ $10,275
Inventories for Sale or Use$10,394$0▼ $10,394
Pledges and Grants Receivable-$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-
Total Assets$1,932,441$1,905,046▼ $27,395
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$130,952$125,985▼ $4,967
Other Liabilities$56,438$58,022▲ $1,584
Deferred Revenue$41,944--
Mortgage Notes Payable Secured by Investment Property-$35,526-
Total Liabilities$229,334$219,533▼ $9,801
Net Assets / Fund Balance
Unrestricted Net Assets$1,003,331$985,737▼ $17,594
Temporarily Rstr Net Assets$699,776$699,776→ $0
Total Net Assets Fund Balance$1,703,107$1,685,513▼ $17,594
Total Liabilities and Net Assets / Fund Balance$1,932,441$1,905,046▼ $27,395

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$375,910$846,429$1,222,339
Other Land Buildings$42,220$197,896$240,116
Equipment$99,130$73,413$172,543
Land$84,577-$84,577
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Karen BakerExecutive DirectorFT$83,354$83,354

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$359,787
Program Service Revenue
$1,550,489
Investment Income
$39,897
Other Revenue
$26,320
All Other Contributions
$1,274
Change in Net Assets
$-17,594

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,976,493
Total Revenue per Audited Statements
$1,976,493
Total Revenue per Form 990
$1,976,493
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,426,653
Other Expenses$567,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$877,985$287,690-$1,165,675
All Other Expenses$111,635$35,754-$147,389
Payroll Taxes$69,718$22,851-$92,569
Insurance$73,367$14,235-$87,602
Other Employee Benefits$51,670$33,388-$85,058
Current Officers, Directors, Trustees, and Key Employees$62,780$20,571-$83,351
Depreciation Depletion$36,955$21,019-$57,974
Other Expenses$37,854$2,000-$37,854
Fees for Services Other$29,700$4,650-$34,350
Information Technology$20,646$6,559-$27,205
Office Expenses$4,331$3,936-$8,267
Fees for Services Accounting$6,726$1,187-$7,913
Travel$1,603$2,634-$4,237
Interest$1,449--$1,449
Advertising$97$11-$108
Total Functional Expenses$1,531,922$462,165$0$1,994,087

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,994,087
Total Expenses per Audited Statements$1,994,087
Total Expenses per Form 990$1,994,087
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes Payable$51,336
Other$6,686
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
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
Yes
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

Board of directors is provided copy of 990 to review.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Board reviews salary increases for directors and other employees.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Riverside Resources Inc
EIN
48-0729273
Phone
9136516810
Address
700 N 3RD STREET, LEAVENWORTH, KS 66048

Signing Officer

Name
Karen Baker
Title
Executive Direc
Signed
2020-04-03
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
7
Independent Board Members
8
Employees
79

Preparer

Firm
KARLIN & LONG llc
Address
10115 CHERRY LN, LENEXA, KS 66220-9763
Preparer
James M Long CPA
Phone
7857667556
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IRS990/ProgramServiceRevenueGrp/Desc4TCM INCOME
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