Riverside Art Museum

Nonprofit profile at a glance

EIN
951904692
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Riverside, CA, USA
Phone
9516847111
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Art Museums

Reported finances

Revenue
$4,092,810
Expenses
$4,736,591
Assets
$5,661,892
Liabilities
$777,967

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • PATRICIA REYNOLDS (PRESIDENT)
  • DR CIRIACO PINEDO (PRESIDENT-ELECT)
  • PAMELA KAPTAIN (ART ALLIANCE PRESIDENT)
  • DREW OBERJUERGE (EXECUTIVE DIRECTOR (THRU 8/2025))

Highest reported compensation

  • DREW OBERJUERGE (EXECUTIVE DIRECTOR (THRU 8/2025)): $190,892 total reported compensation
  • ALANNA CORREA (DIRECTOR OF PEOPLE & PLACE): $134,270 total reported compensation
  • VALERIE FOUND (DIRECTOR OF COMM & RES DEV): $124,381 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We uplift diverse artistic and cultural voices, cultivate inclusive exhibitions, collections and programming, engage in transformative conversations, and foster strong community connections.

What it reported doing in 2024

Community outreach - ram provides arts activities at local festivals and community events (especially in riverside's eastside neighborhood). Ram collaborates with community partners and riverside residents to paint murals at neighborhood sites. Ram also works with the city of riverside's economic development department and a local housing authority to place an artist in an affordable housing unit adjacent to lincoln park in riverside; this artist, contracted by ram, provides arts engagement activities throughout the neighborhood and at ram's two museums. Most recently, ram collaborated with artists and business owners to creatively revitalize various riverside-based storefronts. Ram provides free community art programs through its first sundays and arts walk programs. Ram is also part of the museum for all program with $1 admission for families with snap-ebt cards. Ram admits children under 12 years and military families to its two museums free of charge.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.2%; rating input score 88
  • Program expense ratio: 71.4%; rating input score 71
  • Fundraising efficiency: $4.07 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -15.7%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 43; 43rd percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 16.7%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 19.1% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 11.6% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 88.2% of revenue deployed · 71.4% of spending went to programs
  • Governance: 29 of 29 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.4M in reported program spending
  • Leadership: top reported pay $191K · 35 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $231K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 13/100.
  • High — Sustainability: Operating margin scored 9/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.