River Springs Charter School Inc
- Assets
- $67.6m
- Revenue
- $90.6m
- Investments
- $0.0
- Employees
- 969
- Location
- Temecula, CA
- Founding
- 05/2009
- Data as of
- 06/2022
- EIN
- 20-5069467
Organization Overview
River Springs Charter School Inc is located in Temecula, CA. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, River Springs Charter School Inc employed 969 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Springs Charter 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 06/2022, River Springs Charter School Inc generated $90.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $81.3m during the year ending 06/2022. While expenses have increased by 6.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A TK-12TH GRADE CHARTER SCHOOL OFFERING EACH OF ITS STUDENTS A PERSONALIZED ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CALIFORNIA PUBLIC CHARTER SCHOOL: DURING 2021-22, RIVER SPRINGS CHARTER SCHOOL (RSCS) SERVED APPROXIMATELY 6,364 STUDENTS. RSCS IS A PARENT CHOICE SCHOOL WHERE THE COMMUNITY IS THE CLASSROOM. RSCS IS OPEN TO ALL STUDENTS IN GRADES TK-12. RSCS BELIEVES THAT LEARNING BEST OCCURS WHEN STUDENTS ARE EDUCATED THROUGH A PERSONALIZED LEARNING (PL), GOAL-ORIENTED CURRICULUM WHICH IS DEVELOPED UTILIZING HOME-BASED LEARNING MODELS, INTERNSHIPS, COMMUNITY-BASED EDUCATIONAL PROGRAMS, GROUP SEMINARS, DISTANCE LEARNING VIA CURRENT TECHNOLOGY, SUPPLEMENTAL LEARNING PROJECTS, AND CURRENT EDUCATIONAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Hermsmeyer Superintendent | 21 | $186,874 | |
Debra Daniel Asst Supt. | 21 | $146,371 | |
Katherine Pangle Sr. Director Acade | 21 | $144,433 | |
Amy Wright-Podratz Asst Super Admin | 21 | $143,224 | |
Vivian Price Asst Supt. | 21 | $139,052 | |
Rachel Couch Chair Person | OfficerTrustee | 2 | $7,250 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Garza Ruben Contractor - Facilities | 6/29/22 | $100,695 |
Vallin Jr Pablo Landscaping | 6/29/22 | $160,974 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,073,493 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,073,493 |
| Total Program Service Revenue | $0 |
| Investment income | $49,404 |
| 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 | $90,647,058 |
| 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. | $43,750 |
| Compensation of current officers, directors, key employees. | $6,562 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $40,207,051 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,465,587 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,304,469 |
| Advertising and promotion | $727,057 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,938,192 |
| Travel | $859,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,490,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,345,114 |
| Insurance | $862,604 |
| All other expenses | $142,688 |
| Total functional expenses | $81,288,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,670,839 |
| Savings and temporary cash investments | $16,142,025 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,454,997 |
| 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 | $487,048 |
| Net Land, buildings, and equipment | $25,734,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,150,050 |
| Total assets | $67,639,027 |
| Accounts payable and accrued expenses | $4,640,558 |
| Grants payable | $0 |
| Deferred revenue | $2,154,642 |
| Tax-exempt bond liabilities | $23,093,953 |
| 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 | $9,454,470 |
| Total liabilities | $39,343,623 |
| Net assets without donor restrictions | $28,295,404 |
| Net assets with donor restrictions | $0 |
| 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 | $67,639,027 |