Riverview Charter School Inc
- Assets
- $21.9m
- Revenue
- $11.8m
- Investments
- $2.2m
- Employees
- 150
- Location
- Beaufort, SC
- Founding
- 02/2010
- Data as of
- 06/2023
- EIN
- 26-1932563
Organization Overview
Riverview Charter School Inc is located in Beaufort, SC. The organization was established in 2010. 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, Riverview Charter School Inc employed 150 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverview 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 06/2023, Riverview Charter School Inc generated $11.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $11.4m during the year ending 06/2023. While expenses have increased by 8.6% 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
TO PROVIDE A MEANINGFUL, HANDS-ON LEARNING EXPERIENCE IN AN ACTIVE, ENGAGED, AND INVOLVED SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATED 700+ STUDENTS RANGING FROM KINDERGARTEN THROUGH EIGHTH GRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Alston Member | Trustee | 5 | $0 |
Erica Martin Member | Trustee | 5 | $0 |
Leigh Copeland Secretary | OfficerTrustee | 5 | $0 |
Bridget Norton Member | Trustee | 5 | $0 |
Vincent Brennan Member | Trustee | 5 | $0 |
Blakely Williams Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,159,446 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,620 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,213,066 |
| Total Program Service Revenue | $474,765 |
| Investment income | $1,537 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $66,529 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,760,533 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,084,670 |
| Pension plan accruals and contributions | $1,309,313 |
| Other employee benefits | $653,055 |
| Payroll taxes | $489,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,161 |
| Fees for services: Accounting | $25,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,956 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $874,883 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $665,665 |
| Insurance | $38,553 |
| All other expenses | $16,359 |
| Total functional expenses | $11,389,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,877,786 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,181 |
| Accounts receivable, net | $30,177 |
| 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 | $19,686 |
| Net Land, buildings, and equipment | $13,329,206 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,150,628 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,415,986 |
| Total assets | $21,851,650 |
| Accounts payable and accrued expenses | $519,606 |
| Grants payable | $0 |
| Deferred revenue | $53,955 |
| 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 | $8,866,070 |
| Unsecured mortgages and notes payable | $1,816 |
| Other liabilities | $18,327,349 |
| Total liabilities | $27,768,796 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$10,514,295 |
| Paid-in or capital surplus, or land, building, or equipment fund | $4,463,135 |
| Retained earnings, endowment, accumulated income, or other funds | $134,014 |
| Total liabilities and net assets/fund balances | $21,851,650 |