Riverpark Center Inc in Owensboro, Kentucky (KY)

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Riverpark Center Inc
Employer Identification Number (EIN)611147328
Name of OrganizationRiverpark Center Inc
Address101 Daviess St, Owensboro, KY 42303-4263
ActivitiesCultural performances
SubsectionCharitable Organization
Ruling Date11/1988
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period08/2012
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,456,305
Amount of Income$3,139,613
Form 990 Revenue Amount$2,236,909
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose


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Amount of income in 2012: $3,139,613
This organization: 

 $3,139,613
Other organizations performing similar types of work: 

 $111,130

Assets in 2012: $14,456,305
This organization: 

 $14,456,305
Other organizations performing similar types of work: 

 $97,828

Expenses in 2002: $2,049,694
Riverpark Center Inc: 

 $2,049,694
Other organizations performing similar types of work: 

 $2,049,694

Income to expenses ratio in 2002: 4.6
This organization: 

 4.6
Other organizations performing similar types of work: 

 4.6

Expenses allocated to program services in 2002: 66.2%
This organization: 

 66.2%
Other organizations performing similar types of work: 

 70.2%

Number of employees in 2002: 38
Riverpark Center Inc: 

 38
Other organizations performing similar types of work: 

 38

Grants share in income in 2002: 88.7%
Riverpark Center Inc: 

 88.7%
Other organizations performing similar types of work: 

 88.7%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2002
Total revenue$9,376,469
Contributions, gifts, grants, and similar amounts received$8,313,104
Contributions to donor advised funds
Direct public support$188,642
Indirect public support$464,646
Government contributions (grants)$7,659,816
Program service revenue including government fees and contracts$919,737
Membership dues and assessments$0
Interest on savings and temporary cash investments$65,661
Dividends and interest from securities$0
Net rental income or (loss)$0
Gross rents$0
Less: rental expenses$0
Other investment income$0
Gain or (loss) from sales of assets other than inventory$-5,345
Gross amount from sales of assets other than inventory$0
Less: cost or other basis and sales expenses$5,345
Net income or (loss) from special events and activities$60,673
Gross revenue$116,229
Less: direct expenses other than fundraising expenses$55,556
Gross profit or (loss) from sales of inventory$22,639
Gross sales of inventory, less returns and allowances$72,245
Less: cost of goods sold$49,606
Other revenue$0
Total expenses$2,049,694
Program services$1,356,324
Management and general$682,604
Fundraising$10,766
Payments to affiliates$0
Net assets or fund balances at end of year$8,059,322
Excess or (deficit) for the year$7,326,775
Net assets or fund balances at beginning of year$730,320
Other changes in net assets or fund balances$2,227
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$2,049,694$1,356,324$682,604$10,766
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$112,091$44,836$67,255$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$388,561$158,506$230,055$0
Pension plan contributions not included above$26,644$10,005$16,639$0
Employee benefits not included above$34,067$9,671$24,396$0
Payroll taxes$37,260$15,614$21,646$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$44,223$10,289$33,934$0
Telephone$0$0$0$0
Postage and shipping$18,944$9,339$7,146$2,459
Occupancy$55,680$0$55,680$0
Equipment rental and maintenance$36,472$2,209$34,263$0
Printing and publications$20,194$16,571$911$2,712
Travel$18,149$11,215$6,934$0
Conferences, conventions, and meetings$7,066$762$6,304$0
Interest$205,182$192,871$10,259$2,052
Depreciation, depletion, etc.$349,367$328,405$17,468$3,494
Other expenses not covered above$695,794$546,031$149,714$49
Balance Sheets
2002
Total assets$15,238,720
Cash - non-interest-bearing$144,758
Savings and temporary cash investments$855,452
Accounts receivable less allowance for doubtful accounts$44,984
Pledges receivable less allowance for doubtful accounts$0
Grants receivable$0
Receivables from current and former officers, directors, trustees, and key employees$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$26,589
Inventories for sale or use$7,380
Prepaid expenses and deferred charges$35,809
Investments - publicly-traded securities
Investments - other securities$101,890
Investments - land, buildings, and equipment less accumulated depreciation$0
Investments - other$0
Land, buildings, and equipment less accumulated depreciation$13,629,301
Other assets, including program-related investments$392,557
Total liabilities$7,179,398
Accounts payable and accrued expenses$79,919
Grants payable$0
Deferred revenue$50,960
Loans from officers, directors, trustees, and key employees$0
Tax-exempt bond liabilities$0
Mortgages and other notes payable$6,875,000
Other liabilities$173,519
Total liabilities and net assets/fund balances$15,238,720
Total net assets or fund balances$8,059,322
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2002
Total revenue$9,376,469
Total revenue, gains, and other support per audited financial statements$9,483,656
Other expenses$107,389
Net unrealized gains on investments$2,227
Donated services and use of facilities$0
Recoveries of prior year grants$0
Other$105,162
Other revenue$202
Investment expenses$0
Other$202
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2002
Total expenses$2,049,694
Total expenses and losses per audited financial statements$2,154,654
Other revenue$105,162
Donated services and use of facilities$0
Prior year adjustments$0
Losses$0
Other$105,162
Other expenses$202
Investment expenses$0
Other$202
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200638
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$87,587$120,989$854,789
Program service revenue
Program service revenue 1000000$000$0$854,789
Program service revenue 2Advertising and related services$64,94800$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$65,661$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-5,345$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$60,673$0
Gross profit or (loss) from sales of inventoryCaterers$22,63900$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
2001
Total$1,393,350
Gifts, grants, and contributions received$411,508
Membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$830,092
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$151,750
Net income from unrelated business activities not included above$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0
Other income$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$6,593,446
Contributions, Gifts, Grants and Other Similar Amounts$5,517,161
Program Service Revenue$624,062
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$39,541
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$160,779
Gross rents (Real / Personal)$160,779 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$160,779 / $0
Net gain from sales of assets other than inventory$156,167
Gross amount from sales of assets other than inventory (Securities / Other)$2,128,388 / $0
Less: cost or other basis and sales expenses (Securities / Other)$1,972,221 / $0
Gain or (loss) (Securities / Other)$156,167 / $0
Net income from fundraising events$0
Net income from gaming activities$15,942
Gross income from gaming activities$40,810
Less: direct expenses$24,868
Net income from sales of inventory$65,362
Gross sales of inventory, less returns and allowances$224,484
Less: cost of goods sold$159,122
Miscellaneous Revenue$14,432
Statement of Functional Expenses (for 2011)
Total functional expenses$2,264,538
Compensation of current officers, directors, trustees, and key employees$154,334
Other salaries and wages$545,659
Payroll taxes$39,687
Professional fundraising services$0
Other$1,524,858
Balance Sheet (for 2011)
Total assets$15,208,406
Total liabilities$1,195,032
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$670,000
Unsecured notes and loans payable to unrelated third parties$0
Other$525,032
Total net assets or fund balances$14,013,374
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$12,240,404
Gifts, grants, contributions, and membership fees received$12,031,695
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$208,709
Gross receipts from related activities, etc.$5,209,142
Unrelated Trade or Business Income (for 2008)
IncomeExpensesNet
Total$7,497$5,138$2,359
Gross receipts or sales less returns and allowances$13,982$0$0
Cost of goods sold$6,485$0$0
Gross profit$7,497$0$7,497
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$5,138$5,138
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2008)
Total deductions$23,887
Compensation of officers, directors, and trustees$10,705
Salaries and wages$1,237
Repairs and maintenance$648
Bad debts$0
Interest$3,376
Taxes and licenses$0
Charitable contributions$0
Depreciation$3,478
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$4,443
Unrelated business taxable income$21,528
Unrelated business taxable income before net operating loss deduction$21,528
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$21,528
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Riverpark Center Inc101 Daviess St, Owensboro, KY 42303-4263KY1988-11$3,139,613
2Womens Intercultural Center IncPO BOX 2411, Anthony, NM 88021-2411NM1993-10$128,367
3Judd Foundation101 Spring St, New York, NY 10012-3903NY1997-02$9,804,236
4Festival Of Arts Of Laguna Beach650 Laguna Canyon Rd, Laguna Beach, CA 92651-1837CA1940-02$9,512,629
5Center Of Creative Arts, Coca524 Trinity Ave, Saint Louis, MO 63130-4314MO1986-08$8,787,158
6Hospital Audiences Inc3302 Skillman Ave Fl 1, Long Is City, NY 11101-2337NY1968-10$5,250,515
7Figge Art Museum225 W 2nd St, Davenport, IA 52801-1804IA1966-09$3,670,351
8Consensus Building Institute238 Main St Ste 400, Cambridge, MA 02142-1016MA1993-09$3,479,088
9Collaborative-Arts Project 21 Inc C/O Frank Ventura18 W 18th St Fl 6, New York, NY 10011-4652NY1994-01$3,382,080
10Northeast Organic Farming Association Of Vermont, Nofa-VtPO BOX 697, Richmond, VT 05477-0697VT1994-03$2,800,997
11Encounter For Culture And Education Inc, Encounter Books900 Broadway Ste 601, New York, NY 10003-1237NY2006-06$2,562,020
12Garde Arts Center Inc312 State St, New London, CT 06320-6101CT1986-09$2,336,991
13Public Risk Management Assn Inc700 S Washington St Ste 218, Alexandria, VA 22314-4291VA1996-08$2,274,165
14Milwaukee County War Memorial Center Inc750 North Lincoln Memorial Drive, Milwaukee, WI 53202-4018WI1945-11$2,212,119
15Center For Fathers And Families920 Del Paso Blvd, Sacramento, CA 95815-3513CA1994-09$2,004,488
16Dunedin Fine Arts Cultural Center Inc1143 Michigan Blvd, Dunedin, FL 34698-2712FL1978-02$1,815,526
17Napo Inc, Natl Assn Of Professional Organizer15000 Commerce Pkwy Ste C, Mount Laurel, NJ 08054-2212NJ1996-09$1,630,160
18Public Lands Interpretive Association6501 Fourth Street Nw, Albuquerque, NM 87107-5800NM1981-09$1,509,959
19Newton Communications Access Center Inc23 Needham St, Newton, MA 02461-1615MA1991-09$1,460,009
20Mid India Christian Mission Inc100 Academic Pkwy 2051, Grayson, KY 41143-2205KY1995-05$361,033
Number of organizations performing similar types of work
Alabama8
Arkansas6
Arizona12
California50
Colorado18
Connecticut8
District of Columbia11
Florida32
Georgia14
Hawaii5
Iowa6
Idaho2
Illinois30
Indiana11
Kansas9
Kentucky8
Louisiana4
Massachusetts18
Maryland8
Michigan21
Minnesota12
Missouri22
Mississippi3
Montana3
North Carolina18
North Dakota2
Nebraska9
New Hampshire3
New Jersey19
New Mexico12
Nevada3
New York58
Ohio24
Oklahoma9
Oregon7
Pennsylvania21
Rhode Island5
South Carolina9
South Dakota2
Tennessee13
Texas43
Utah7
Virginia13
Vermont6
Washington8
Wisconsin13
West Virginia5
Wyoming1
International2
Total633

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