Riley School Inc
- Assets
- $910.4k
- Revenue
- $731.5k
- Investments
- $0.0
- Employees
- 24
- Location
- Rockport, ME
- Founding
- 01/1973
- Data as of
- 06/2023
- EIN
- 01-0316964
Organization Overview
Riley School Inc is located in Rockport, ME. The organization was established in 1973. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Riley School Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riley School Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Riley School Inc generated $731.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $849.0k during the year ending 06/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF RILEY SCHOOL IS TO SUPPORT THE NEEDS OF YOUNG CHILDREN AND ADOLESCENTS DURING THEIR CRITICAL YEARS OF COGNITIVE, EMOTIONAL, AND SOCIAL GROWTH. RILEY SCHOOL BELIEVES THAT SELF-WORTH IS THE KEY TO SUCCESS IN ACADEMIC ACHIEVEMENT, CREATIVE EXPRESSION, PERSONAL HAPPINESS, DISCIPLINE, AND COMMUNITY SERVICE. WE CHAMPION THE ABILITY OF ALL PEOPLE TO COLLABORATE AND TO HELP OTHERS THROUGH COOPERATIVE WORK. WE RECOGNIZE AND VALUE EACH INDIVIDUAL'S UNIQUE GIFTS AND TALENTS. WE FOSTER A SENSE OF RESPONSIBILITY TOWARDS OUR NATURAL ENVIRONMENT AND STRIVE TO PROMOTE ALL OF THESE GOALS WITHIN AN EDUCATIONAL SETTING WHICH PROVIDES APPROPRIATE ADULT ROLE MODELS AND A SECURE, LOVING ATMOSPHERE FOR LEARNING. EACH YEAR RILEY CREATES A LEARNING ENVIRONMENT COMMENSURATE WITH ITS MISSION BY BUILDING UPON THE FOLLOWING: ACADEMICS CHALLENGE AND SUCCESS A STIMULATING EDUCATIONAL ENVIRONMENT SELF-DISCIPLINE RESPONSIBILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RILEY SCHOOL PROVIDES ELEMENTARY SCHOOL EDUCATION FOR GRADES K - 8, IN ADDITION TO OFFERING PRESCHOOL AND SUMMER ENRICHMENT PROGRAMS. IN THE 2022-2023 YEAR RILEY HAD 64 FULL-TIME STUDENTS DURING THE SCHOOL YEAR. RILEY WAS ABLE TO OFFER REDUCED OR WAIVED TUITION FOR 16 STUDENTS THROUGHOUT THE SCHOOL YEAR.
THE SCHOOL CONTINUED THEIR AFTER CARE PROGRAM DURING THE 2022-2023 SCHOOL YEAR, WHICH OFFERS EXTENDED AFTER-SCHOOL CARE TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Wing Oppersdorff Chair & Secr | OfficerTrustee | 5 | $0 |
Chrisso Rheault Vice Chair | OfficerTrustee | 5 | $0 |
Robert Lawson Treasurer | OfficerTrustee | 5 | $0 |
Tony Oppersdorff Board Member | Trustee | 5 | $0 |
Sheila Geoffrion Board Member | Trustee | 5 | $0 |
William Kinnane Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $19,813 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $275,642 |
| Noncash contributions included in lines 1a–1f | $125,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,455 |
| Total Program Service Revenue | $474,138 |
| Investment income | $148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$35,681 |
| Net Gain/Loss on Asset Sales | -$1,769 |
| Net Income from Fundraising Events | -$3,584 |
| Net Income from Gaming Activities | $1,710 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $731,508 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $38,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,496 |
| Compensation of current officers, directors, key employees. | $41,647 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $459,599 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $44,462 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $812 |
| Fees for services: Accounting | $17,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,500 |
| Fees for services: Investment Management | $1,040 |
| Fees for services: Other | $20,968 |
| Advertising and promotion | $6,753 |
| Office expenses | $4,031 |
| Information technology | $2,261 |
| Royalties | $0 |
| Occupancy | $55,784 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,388 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,148 |
| Insurance | $14,826 |
| All other expenses | $3,514 |
| Total functional expenses | $849,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,555 |
| Savings and temporary cash investments | $150 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $831,586 |
| Investments—publicly traded securities | $12,606 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,485 |
| Total assets | $910,382 |
| Accounts payable and accrued expenses | $44,538 |
| Grants payable | $0 |
| Deferred revenue | $124,700 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $320,558 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $489,796 |
| Net assets without donor restrictions | $416,086 |
| Net assets with donor restrictions | $4,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $910,382 |