Rivers Edge Academy
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 25
- Location
- St Paul, MN
- Founding
- 11/2009
- Data as of
- 06/2018
- EIN
- 02-0811896
Organization Overview
Rivers Edge Academy is located in St Paul, MN. The organization was established in 2009. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2018, Rivers Edge Academy employed 25 individuals. Rivers Edge Academy 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 06/2018, Rivers Edge Academy generated $1.3m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.6m during the year ending 06/2018. While expenses have increased by 11.1% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE STUDENTS TO BECOME ENVIRONMENTALLY RESPONSIBLE, SOCIALLY CONSCIOUS, & PREPARED FOR COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVER'S EDGE ACADEMY CHALLENGES STUDENTS TO DISCOVER THEIR GREATNESS BY LEARNING THROUGH EXPERIENCE IN A SMALL, SUPPORTIVE COMMUNITY. REA IS A CHARTER PUBLIC HIGH SCHOOL LOCATED ON THE WEST SIDE OF ST. PAUL. THE BOARD OF DIRECTORS AND STAFF ARE COMMITTED TO PROVIDING A HIGH QUALITY ACADEMIC PROGRAM WITH AN EMPHASIS ON EXPERIENTIAL LEARNING. RIVER'S EDGE ACADEMY PARTNERS WITH EXPEDITIONARY LEARNING SCHOOLS AND THE VOYAGEUR OUTWARD BOUND SCHOOL TO PROVIDE LEADERSHIP AND CHARACTER DEVELOPMENT. THE COMMUNITY SERVES LESS THAN 100 STUDENTS AND PREPARES STUDENTS FOR POST SECONDARY EDUCATION WITH 100% OF GRADUATES BEING ACCEPTED INTO COLLEGE. STUDENTS PARTICIPATE IN WEEKLY FIELD WORK INCLUDING SERVICE PROJECTS, COLLEGE VISITS AND ACADEMIC FIELD TRIPS VISITING MUSEUM, LABS, LIBRARIES AND NATURAL SPACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Rupp Chair | OfficerTrustee | 5 | $0 |
Alexandra Mcdonough Vice Chair | OfficerTrustee | 5 | $0 |
Jen Peterson Treasurer | OfficerTrustee | 5 | $0 |
Margaret Skold Member | Trustee | 5 | $0 |
Emily Lundberg Secretary/teacher | OfficerTrustee | 45 | $37,015 |
Sky Davey Member/teacher | Trustee | 45 | $53,309 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,277,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,420 |
| Noncash contributions included in lines 1a–1f | $500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,318,993 |
| Total Program Service Revenue | $7,553 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,329,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $216,539 |
| Compensation of current officers, directors, key employees. | $112,633 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $488,238 |
| Pension plan accruals and contributions | $335,723 |
| Other employee benefits | $62,642 |
| Payroll taxes | $51,720 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,128 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,389 |
| Advertising and promotion | $2,761 |
| Office expenses | $34,769 |
| Information technology | $17,659 |
| Royalties | $0 |
| Occupancy | $152,204 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,318 |
| Interest | $340 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,014 |
| Insurance | $9,910 |
| All other expenses | $18,619 |
| Total functional expenses | $1,635,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,497 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,851 |
| 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 | $2,171 |
| Net Land, buildings, and equipment | $19,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,089,482 |
| Total assets | $1,260,007 |
| Accounts payable and accrued expenses | $82,020 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,115,568 |
| Total liabilities | $2,197,588 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | -$956,587 |
| Paid-in or capital surplus, or land, building, or equipment fund | $19,006 |
| Total net assets or fund balances | -$937,581 |