River Mill Academy
- Assets
- $12.9m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 83
- Location
- Graham, NC
- Founding
- 11/2004
- Data as of
- 06/2022
- EIN
- 30-0248126
Organization Overview
River Mill Academy is located in Graham, NC. The organization was established in 2004. 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 Mill Academy employed 83 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Mill Academy 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 Mill Academy generated $8.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $7.0m during the year ending 06/2022. While expenses have increased by 6.8% per year over the past 4 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
OPERATION OF A NORTH CAROLINA PUBLIC CHARTER SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A PUBLIC CHARTER SCHOOL SERVING APPROXIMATELY 770 STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE FOR THE FISCAL YEAR ENDED 6/30/22.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Smith Chairman | OfficerTrustee | 1 | $0 |
Morgan Whitney Vice-Chairma | OfficerTrustee | 1 | $0 |
James Penrod Treasurer | OfficerTrustee | 1 | $0 |
Jill Davis Director | Trustee | 1 | $0 |
Michelle Quinvilan-Smith Director | Trustee | 1 | $0 |
Kenny Risen Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deboer & Gabriel Builders Inc Construction | 6/29/17 | $467,781 |
Interconnect Products & Services General Contrac | 6/29/17 | $178,321 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $537,009 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,694 |
| Total Program Service Revenue | $7,535,501 |
| 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 | $23,945 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,126,741 |
| 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. | $132,576 |
| Compensation of current officers, directors, key employees. | $132,576 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,487,725 |
| Pension plan accruals and contributions | $274,733 |
| Other employee benefits | $821,946 |
| Payroll taxes | $287,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,879 |
| Fees for services: Accounting | $15,141 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $597,828 |
| Advertising and promotion | $3,341 |
| Office expenses | $53,610 |
| Information technology | $352,265 |
| Royalties | $0 |
| Occupancy | $78,383 |
| Travel | $13,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,015 |
| Interest | $95,609 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $552,151 |
| Insurance | $43,511 |
| All other expenses | $31,733 |
| Total functional expenses | $7,047,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,617,285 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,140 |
| 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 | $14,289 |
| Net Land, buildings, and equipment | $8,337,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,850,786 |
| Total assets | $12,915,784 |
| Accounts payable and accrued expenses | $81,943 |
| 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 | $11,102,505 |
| Total liabilities | $11,184,448 |
| Net assets without donor restrictions | $1,731,336 |
| 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 | $12,915,784 |