Riverbank Charter School Of Excellence
- Assets
- $1.7m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 29
- Location
- Roebling, NJ
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 26-3509556
Organization Overview
Riverbank Charter School Of Excellence is located in Roebling, NJ. The organization was established in 2010. 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, Riverbank Charter School Of Excellence employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverbank Charter School Of Excellence 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, Riverbank Charter School Of Excellence generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. While expenses have increased by 2.9% 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
THE MISSION OF RIVERBANK CHARTER SCHOOL OF EXCELLENCE IS TO PROVIDE STUDENTS WITH OPPORTUNITIES TO DEVELOP THEIR INTELLECTUAL, EMOTIONAL, AND SOCIAL POTENTIAL THROUGH THE IMPLEMENTATION OF A DYNAMIC CURRICULUM THAT FOSTERS LEARNING THROUGH A COOPERATIVE EFFORT INVOLVING HOME, SCHOOL, AND COMMUNITY. BY ALL THREE WORKING TOGETHER, STUDENTS CAN ATTAIN THEIR MAXIMUM POTENTIAL AS CRITICAL THINKERS, LIFELONG LEARNERS, AND RESPONSIBLE, CONTRIBUTING CITIZENS IN A RAPIDLY CHANGING PLURALISTIC SOCIETY. WITH THIS IS THE BELIEF THAT CHILDREN LEARN BEST WHEN THE SIGNIFICANT ADULTS IN THEIR LIVES - PARENTS, TEACHERS AND COMMUNITY MEMBERS - WORK TOGETHER TO ENCOURAGE AND SUPPORT THEIR DEVELOPMENT. AS SUCH, WE BELIEVE THAT PARENTAL INVOLVEMENT IN A CHILD'S EDUCATION IS PARAMOUNT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERBANK CHARTER SCHOOL OF EXCELLENCE SERVES AS A POSITIVE SCHOOL CULTURE FUNCTIONING TO SHARPEN THE FOCUS OF STAFF AND STUDENTS. THE CHARTER SCHOOL PROVIDES A FULL RANGE OF EDUCATIONAL SERVICES APPROPRIATE TO MEETING THE NEEDS OF ALL STUDENTS IN GRADES KINDERGARTEN THROUGH GRADE 3. SUCH EDUCATIONAL SERVICES INCLUDE REGULAR EDUCATION, SPECIAL EDUCATION AND BASIC SKILLS PROGRAM. THE RIVERBANK CHARTER SCHOOL OF EXCELLENCE COMPLETED THE 2021-2022 SCHOOL YEAR WITH AN ENROLLMENT OF 153 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Kelley Head Of School | Officer | 40 | $127,000 |
Tonia Davis Trustee | Trustee | 2 | $0 |
Adam Cortez Trustee | Trustee | 2 | $0 |
Peter Duprat Trustee | Trustee | 2 | $0 |
Kathleen Magoon Trustee | Trustee | 2 | $0 |
Jon Marbach Pres-Bd Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,174,739 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,533,490 |
| Total Program Service Revenue | $38,947 |
| 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 | -$13,556 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,558,881 |
| 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. | $127,000 |
| Compensation of current officers, directors, key employees. | $127,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,124,798 |
| Pension plan accruals and contributions | $340,729 |
| Other employee benefits | $317,420 |
| Payroll taxes | $0 |
| Fees for services: Management | $108,234 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $122,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,375 |
| 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 | $103,359 |
| Insurance | $34,925 |
| All other expenses | $0 |
| Total functional expenses | $2,335,374 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,248 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,131 |
| 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 | $28,940 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,112,262 |
| Total assets | $1,710,581 |
| Accounts payable and accrued expenses | $10,786 |
| 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 | $1,306,358 |
| Total liabilities | $1,317,144 |
| Net assets without donor restrictions | $318,437 |
| Net assets with donor restrictions | $75,000 |
| 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 | $1,710,581 |