Riverside School Inc
- Assets
- $3.0m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 42
- Location
- Lyndonville, VT
- Founding
- 11/1982
- Data as of
- 07/2024
- EIN
- 03-0282244
Organization Overview
Riverside School Inc is located in Lyndonville, VT. The organization was established in 1982. 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 07/2024, Riverside School Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside 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 07/2024, Riverside School Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $2.0m during the year ending 07/2024. While expenses have increased by 7.4% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP ACTIVE LEARNERS, PATIENT LEADERS, AND ENGAGED CITIZENS IN A SUPPORTIVE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ELEMENTARY EDUCATION AND EXTRACURRICULAR ACTIVITIES FOR STUDENTS FROM LYNDON, VT, AND SURROUNDING TOWNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Behr Board Member | Trustee | 1 | $0 |
Ken Hapke Vice Preside | OfficerTrustee | 1 | $0 |
Cath Kane Secretary | OfficerTrustee | 1 | $0 |
David Kennedy President | OfficerTrustee | 1 | $0 |
Mike Moore Treasurer | OfficerTrustee | 1 | $0 |
Jim Newell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,313 |
| Total Program Service Revenue | $1,851,091 |
| Investment income | $9,148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $23,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,481 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,010,976 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $156,207 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,210,402 |
| Pension plan accruals and contributions | $38,561 |
| Other employee benefits | $158,688 |
| Payroll taxes | $88,271 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $655 |
| Fees for services: Accounting | $2,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,426 |
| Advertising and promotion | $2,723 |
| Office expenses | $9,643 |
| Information technology | $9,171 |
| Royalties | $0 |
| Occupancy | $53,070 |
| Travel | $29,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,783 |
| Interest | $28,740 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,082 |
| Insurance | $914 |
| All other expenses | $18,430 |
| Total functional expenses | $1,958,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,799 |
| Savings and temporary cash investments | $32,594 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,491 |
| 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 | $1,941,009 |
| Investments—publicly traded securities | $545,222 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,345 |
| Total assets | $2,953,460 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $42,456 |
| 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 | $349,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $392,161 |
| Net assets without donor restrictions | $2,549,397 |
| Net assets with donor restrictions | $11,902 |
| 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 | $2,953,460 |