Civic Intelligence

River Place

990 • Fiscal year 2022 • EIN 84-3533780

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

PO Box 100Warroad, MN 56763-0100

(612) 335-1435

Siviq Scores

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

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

16th percentile

0.04x

Higher debt load relative to revenue than 16% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

98th percentile

97%

Higher net margin than 98% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

80th percentile

20%

Faster asset growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-75%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Up

$21,806,614

Up $3,659,231 (+20%) from 2021

Net Assets

Up

$21,633,481

Up $3,486,098 (+19%) from 2021

Liabilities

Up

$173,133

Up $173,133 from 2021

Revenue

Down

$4,445,848

Down $13,152,917 (-75%) from 2021

Expenses

Up

$135,023

Up $124,200 (+1148%) from 2021

Net Income

Down

$4,310,825

Down $13,277,117 (-75%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2019: $540,723Liabilities 2019: $0Net Assets 2019: $540,7232019Assets 2020: $485,232Liabilities 2020: $0Net Assets 2020: $485,2322020Assets 2021: $18,147,383Liabilities 2021: $0Net Assets 2021: $18,147,3832021Assets 2022: $21,806,614Liabilities 2022: $173,133Net Assets 2022: $21,633,4812022Assets 2023: $30,892,256Liabilities 2023: $1,526,229Net Assets 2023: $29,366,0272023Assets 2024: $30,379,267Liabilities 2024: $252,145Net Assets 2024: $30,127,1222024

Highlighted filing

2022

Assets$21,806,614
Liabilities$173,133
Net Assets$21,633,481

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2019: $550,000Expenses 2019: $9,277Net Income 2019: $540,7232019Revenue 2020: $0Expenses 2020: $55,691Net Income 2020: -$55,6912020Revenue 2021: $17,598,765Expenses 2021: $10,823Net Income 2021: $17,587,9422021Revenue 2022: $4,445,848Expenses 2022: $135,023Net Income 2022: $4,310,8252022Revenue 2023: $7,532,655Expenses 2023: $317,607Net Income 2023: $7,215,0482023Revenue 2024: $1,321,440Expenses 2024: $891,133Net Income 2024: $430,3072024

Highlighted filing

2022

Revenue$4,445,848
Expenses$135,023
Net Income$4,310,825
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$12,442,647
Mission and Program Overview

Mission

To support charitable, literary or scientific initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,121,253$19,139,638▲ $15,018,385
Cash and Non-Interest-Bearing Accounts$13,940,811$1,070,076▼ $12,870,735
Total Assets$18,147,383$21,806,614▲ $3,659,231
Other Assets Total$85,319$1,596,900▲ $1,511,581
Liabilities
Accounts Payable and Accrued Expenses-$173,133-
Total Liabilities$0$173,133▲ $173,133
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,147,383$21,633,481▲ $3,486,098
Total Net Assets Fund Balance$18,147,383$21,633,481▲ $3,486,098
Total Liabilities and Net Assets / Fund Balance$18,147,383$21,806,614▲ $3,659,231

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$74,530--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
John DavisExecutive Director (as of 9/19/22)FT$53,839$53,839

Board Members and Trustees

NameTitle
Paul MarvinChair
Brenda BaumannPresident
Carmen Norman ParsleyBoard Member
Craig AndersonBoard Member
Jay PellandBoard Member
Jim ProvanceBoard Member
Margarette MarvinBoard Member
Mark BertilrudBoard Member
Nancy FisherBoard Member
Rick TrontvetBoard Member
Jenna AmbrosiusSecretary
Ray MusgroveTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,893,848
Program Service Revenue
$0
Investment Income
$552,000
Other Revenue
$0
All Other Contributions
$3,893,848
Change in Net Assets
$4,310,825

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
Securities Publicly Traded2$868,078Fair Market Value (FMV)
Total Noncash Contributions2$868,078-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$76,327
Salaries, Compensation, and Employee Benefits$57,696
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$53,839--$53,839
Fees for Service Investment Mgmnt Fees-$32,117-$32,117
Fees for Services Other$31,090--$31,090
Fees for Services Accounting-$5,513-$5,513
Travel$4,973--$4,973
Payroll Taxes$3,857--$3,857
Fees for Services Legal-$1,819-$1,819
Grants to Domestic Orgs$1,000--$1,000
Insurance$779--$779
Other Expenses-$25-$25
Office Expenses-$11-$11
Total Functional Expenses$95,538$39,485$0$135,023
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
Annual disclosure for covered persons
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Margarette marvin and paul marvin, family relationship

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

The treasurer/director/cpa reviewed the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

In connection with any actual or possible conflicts of interest, an interested person must disclose the existence of his or her financial interest and must be given the opportunity to disclose all material facts to the directors and members of committees with board-delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. After exercising due diligence, the board or committee shall determine whether the corporation can obtain a more advantageous transaction or arrangement with reasonable efforts from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest and for its own benefit and whether the transaction is fair and reasonable to the corporation and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination

Form 990, Part VI, Section C, Line 19

Financial information as well as governance documents, which include the conflict of interest policy are not made available to the public.

Filing and Contact Details

Filer

Filer Name
River Place
EIN
84-3533780
Phone
6123351435
Address
PO BOX 100, WARROAD, MN 56763-0100

Signing Officer

Name
Ray Musgrove
Title
Treasurer
Phone
6123351435
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brenda Baumann
Formed
2019
Legal Domicile
Mn
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
12

Preparer

Firm
Rsm US Llp
Address
227 WEST FIRST STREET SUITE 700, DULUTH, MN 55802
Preparer
Julie Boyer
Phone
2187275025
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contract services: program service expenses 31,090. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,090.

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IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FORMED ON OCTOBER 28, 2019. AS SUCH, 2019 IS AN INITIAL SHORT YEAR.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03893848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt017595346
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0550000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt022039194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0383948
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03419
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0387367
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt018972928
IRS990ScheduleA/SubstantialContributorsTotAmt03066266
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03893848
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt017595346
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0550000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022039194
IRS990ScheduleA/TotalSupportAmt022426561
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/OtherAssetsOrgGrp/BookValueAmt01522370
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt174530
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROCESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ACCRUED INCOME RECEIVABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01596900
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt0868078
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARGARETTE MARVIN AND PAUL MARVIN, FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER/DIRECTOR/CPA REVIEWED THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FINANCIAL INFORMATION AS WELL AS GOVERNANCE DOCUMENTS, WHICH INCLUDE THE CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUTSIDE CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 31,090. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,090.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018147383
IRS990/TotalAssetsEOYAmt021806614
IRS990/TotalAssetsGrp/BOYAmt018147383
IRS990/TotalAssetsGrp/EOYAmt021806614
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03893848
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt039485
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095538
IRS990/TotalFunctionalExpensesGrp/TotalAmt0135023
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0173133
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0173133
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018147383
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt021633481
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt095538
IRS990/TotalReportableCompFromOrgAmt053839
IRS990/TotalRevenueGrp/ExclusionAmt0552000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04445848
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018147383
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021806614
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04973
IRS990/TravelGrp/TotalAmt04973
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 100
IRS990/USAddress/CityNm0WARROAD
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0567630100
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY MUSGROVE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06123351435
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVER PLACE
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0843533780
ReturnHeader/Filer/PhoneNum06123351435
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 100
ReturnHeader/Filer/USAddress/CityNm0WARROAD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0567630100
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0227 WEST FIRST STREET SUITE 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DULUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055802
ReturnHeader/PreparerPersonGrp/PhoneNum02187275025
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15

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