Rivertree School
- Assets
- $490.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 42
- Location
- Crystal, MN
- Founding
- 12/2008
- Data as of
- 06/2022
- EIN
- 26-2633599
Organization Overview
Rivertree School is located in Crystal, MN. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Rivertree School employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rivertree School 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, Rivertree School generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. While expenses have increased by 10.0% 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
TO PROVIDE AN EDUCATION FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERTREE SCHOOL PROVIDED EDUCATION TO 137 CHILDREN IN KINDERGARTEN THROUGH TWELFTH GRADE FOR THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Nelson Director, President | OfficerTrustee | 40 | $101,833 |
Marybeth Nelson Director | Trustee | 20 | $28,320 |
Ben Ditzer Director, Treasurer | OfficerTrustee | 1 | $0 |
Kelly Hansen Director, Secretary | OfficerTrustee | 1 | $0 |
Russ York Director | Trustee | 1 | $0 |
Justin Tennison Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $269,245 |
| Total Program Service Revenue | $1,173,289 |
| Investment income | $5 |
| 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 | $1,442,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $194,188 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,153 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $669,317 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,348 |
| Payroll taxes | $61,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96 |
| Fees for services: Accounting | $25,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,660 |
| Advertising and promotion | $5,744 |
| Office expenses | $42,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $264,607 |
| Travel | $17,228 |
| 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 | $39,244 |
| Insurance | $38,921 |
| All other expenses | $3,552 |
| Total functional expenses | $1,644,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,047 |
| 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 | $24,517 |
| Net Land, buildings, and equipment | $225,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $470 |
| Other assets | $1,495 |
| Total assets | $490,719 |
| Accounts payable and accrued expenses | $131,103 |
| Grants payable | $0 |
| Deferred revenue | $45,550 |
| 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 | $0 |
| Total liabilities | $176,653 |
| Net assets without donor restrictions | $246,191 |
| Net assets with donor restrictions | $67,875 |
| 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 | $490,719 |