Overview
What is River Reach Foundation Inc?
River Reach Foundation Inc, located in Farmington, New Mexico, is a nonprofit organization dedicated to enhancing the city's river corridor. They actively engage in organizing festivals to draw people towards the river and encourage its public use. Beyond this, they are actively involved in various community task forces for long-term planning in the city of Farmington, focusing on infrastructural development along the river. Additionally, the Foundation serves as an intermediary for acquiring land for public use along the river, contributing to the overall improvement of the city's riverine area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
River Reach Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 73%. The organization demonstrates several strengths, including a fully independent board and strong financial health, with a perfect program expense ratio of 100%. These factors suggest that the foundation is effectively using its resources to further its mission.
However, there are notable limitations that have contributed to its low rating. Key governance policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, are missing. Additionally, the absence of the tax form on the nonprofit’s website raises concerns about transparency and accountability.
While the foundation may excel in certain areas, the missing governance policies and documentation may hinder trust among stakeholders. For potential donors and partners, these aspects are crucial for assessing the organization's commitment to responsible management practices.
This AI summary has been generated from information found on Charity Navigator.
Is River Reach Foundation Inc legitimate?
River Reach Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Reach Foundation Inc 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:
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What is the mission statement of River Reach Foundation Inc?
The River Reach Foundation Inc's mission is focused on promoting infrastructure development along a city's river corridor. This organization functions as an intermediary for the acquisition of land for public use along the river. To achieve its goals, the foundation sponsors various festivals aimed at encouraging people to use the river and supporting its public use. The organization is actively engaged in numerous community task forces, contributing to long-term planning for the city and its riverine area.
Who is the CEO of River Reach Foundation Inc?
D'Ann Waters is the President of River Reach Foundation Inc.
What is the revenue of River Reach Foundation Inc?
River Reach Foundation Inc's revenue in 2022 was $109,481.
Who are the executives of River Reach Foundation Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for River Reach Foundation Inc?
River Reach Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of River Reach Foundation Inc
The River Reach Foundation Inc, a charitable organization, is dedicated to fostering infrastructure development along a city's river corridor. Acting as an intermediary, the Foundation plays a crucial role in the acquisition of land for public use along the river.
In an effort to encourage public engagement and support the utilization of the riverine, the River Reach Foundation sponsors various festivals. These events aim to draw people to the river and promote its use for communal activities.
Moreover, the Foundation is actively engaged in numerous community task forces, contributing to the long-term planning for the city and its riverine. Through these collaborations, the Foundation helps shape a vision for the city's future, focusing on the sustainable development and public accessibility of the river corridor.
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Impact
June, 2024
River Reach Foundation Inc plays a crucial role in promoting infrastructural development along the City of Farmington's river corridor. Acting as an intermediary for the acquisition of land for public use along the river, the organization facilitates the expansion of public spaces and recreational areas along the riverine. By sponsoring several festivals along the river, River Reach Foundation Inc successfully draws people to the river, fostering community engagement and support for public use of this natural resource. Additionally, the organization's active involvement in various community task forces related to long-term planning for Farmington and its riverine underscores its commitment to sustainable growth and development. Through these initiatives, River Reach Foundation Inc is making a tangible impact on enhancing the local environment and promoting community well-being in Farmington, NM.
This information is meant to be a general summary of River Reach Foundation Inc. 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 2022.
- Investment Income: $34
- Program Service Revenue: $2,713
- Gross Receipts: $180,052
Assets and Liabilities:
- Total Assets: $318,458
- Total Liabilities: $0
- Net Assets: $318,458
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$2,713
Organization Details
Founding Year
1986
Phone
(505) 716-4405Principal Officer
D'Ann Waters
Main Address
PO BOX 2056, FARMINGTON, NM, 87499
NTEE Category
Code: C50 - Environment
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