Overview
What is Riverworks?
Riverworks is a nonprofit organization situated in Rockford, Minnesota, specifically at PO Box 213. Established in 2012, the organization initially operated a thrift store at Rockford Mall, later relocating to Greenfield Mall in 2017. Riverworks specializes in selling a variety of items including clothing, furniture, household items, toys, books, and more. The store's prices are reasonable, and in some cases, products are given free to families in need. The primary objective of Riverworks is to harness and coordinate community resources to provide effective solutions for individuals connected with the Rockford/Greenfield area, addressing their emotional, physical, relational, and spiritual needs. The organization's workforce comprises 16 employees, including one full-time and seven part-time staff members. The proceeds generated from the thrift store contribute to the organization's programs within the community.
Official website here: www.riverworksonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Riverworks has received a Two-Star rating from Charity Navigator, indicating that while the organization has some commendable practices, it needs improvement in certain areas. The organization boasts a strong accountability score with 100% independent board members and no reported material diversion of assets. Additionally, it maintains a high program expense ratio of 88.20%, which suggests that the majority of its funds are directed toward its mission.
However, there are significant areas where Riverworks falls short. The organization lacks essential financial statements, which contributes to a low score in transparency. Furthermore, it does not have a whistleblower policy or a document retention policy in place, which are critical for ensuring accountability and governance. The absence of these policies, along with missing financial documents on its website, highlights the need for better compliance and communication.
Overall, while Riverworks demonstrates a commitment to its programs and has a strong governance structure, addressing its transparency issues and implementing missing policies would enhance its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Riverworks legitimate?
Riverworks is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverworks submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,875
For more financial information, click here
Official website here: www.riverworksonline.org
What is the mission statement of Riverworks?
Riverworks aligns and mobilizes community resources to deliver effective solutions, addressing the emotional, physical, relational, and spiritual needs of individuals connected to the Rockford/Greenfield area. It achieves this by channeling resources towards powerful solutions that cater to the diverse needs of the community. The organization operates a thrift store, selling a variety of items such as clothing, furniture, kitchenware, toys, and books at reasonable prices. At times, certain products are even given away for free to families in need. All proceeds from the store are reinvested into the community through Riverworks' existing programs.
Official website here: www.riverworksonline.org
Who is the CEO of Riverworks?
Denise Kesanen is the Executive Di of Riverworks.
Official website here: www.riverworksonline.org
What is the revenue of Riverworks?
Riverworks's revenue in 2023 was $861,315.
Official website here: www.riverworksonline.org
Who are the executives of Riverworks and what are their salaries?
The average compensation at Riverworks during 2023 was $13,742. There are 16 employees and 75 volunteers at Riverworks.
Here are 7 key members and their salaries:
- Compensation: $42,007
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.riverworksonline.org
Where can I find the form 990 for Riverworks?
Riverworks's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.riverworksonline.org
Learn more at the official website: www.riverworksonline.org
Mission Statement of Riverworks
Riverworks, a community-focused organization, is dedicated to aligning and mobilizing resources within the Rockford/Greenfield area to deliver effective solutions that cater to the emotional, physical, relational, and spiritual needs of individuals connected to the community. The mission of Riverworks is to harness the collective strength and resources of the community to address the diverse needs of its inhabitants, striving to create a more prosperous and supportive environment for all.
To accomplish this, Riverworks utilizes various programs and initiatives. One such initiative is the operation of a thrift store, which sells a variety of affordable goods such as clothing, furniture, kitchen and household items, toys, books, and more. The thrift store, located at the Greenfield Mall, employs a team of dedicated individuals and generates revenue to support Riverworks' community programs. The store also provides essential items to families in need, free of charge, demonstrating the organization's commitment to supporting its community in times of hardship.
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Impact
October, 2024
Riverworks plays a significant role in the Rockford and Greenfield area by aligning and mobilizing community resources to address the diverse needs of its residents. Through the Riverworks thrift store, which first opened in January 2012 and later relocated to the Greenfield Mall, the organization provides access to affordable clothing, furniture, kitchenware, toys, and books. This not only helps individuals and families in need but also fosters a sense of community support and resilience.
The store operates with the mission to meet emotional, physical, relational, and spiritual needs, ensuring that all proceeds are reinvested into community programs. By providing reasonably priced goods and occasionally offering items for free to those who face financial hardships, Riverworks strengthens community ties and uplifts those in vulnerable situations. Additionally, the employment opportunities created through the store contribute to the local economy while fostering a spirit of collaboration and compassion within the community. Overall, Riverworks serves as a vital resource that enhances the quality of life for many individuals and families in the Rockford and Greenfield area.
This information is meant to be a general summary of Riverworks. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $485
- Program Service Revenue: $280,763
- Gross Receipts: $903,267
Assets and Liabilities:
- Total Assets: $111,608
- Total Liabilities: $8,635
- Net Assets: $102,973
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE
Revenue
$236,840
COMMUNITY EVENTS
Revenue
$43,923
Organization Details
Founding Year
2009
Principal Officer
Denise Kesanen
Main Address
PO BOX 213, ROCKFORD, MN, 55373
Website
www.riverworksonline.orgNTEE Category
Code: P20 - Human services
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