Four Rivers Educational Foundation
- Assets
- $5.3m
- Revenue
- $370.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenfield, MA
- Founding
- 12/2002
- Data as of
- 06/2022
- EIN
- 33-1011059
Organization Overview
Four Rivers Educational Foundation is located in Greenfield, MA. The organization was established in 2002. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Four Rivers Educational Foundation 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, Four Rivers Educational Foundation generated $370.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $343.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 8 years. 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
FOUR RIVERS EDUCATIONAL FOUNDATION, INC. IS A NONPROFIT CORPORATION BASED IN WESTERN MASSACHUSETTS, WHICH PROVIDES SUPPORT TO THE FOUR RIVERS CHARTER PUBLIC SCHOOL IN ONE OR MORE OF THE FOLLOWING WAYS: FINANCIAL, PROVIDE FACILITIES AND/OR EQUIPMENT, PROMOTIONAL AND OTHER WAYS STRENGTHENING THE SCHOOL'S ABILITY TO FULFILL ITS MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FACILITIES TO THE FOUR RIVERS CHARTER PUBLIC SCHOOL ON A TENANT LANDLORD BASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Bartlett President | OfficerTrustee | 2 | $0 |
Pamela Brown Treasurer | OfficerTrustee | 1 | $0 |
John Bos Clerk | OfficerTrustee | 2 | $0 |
Mark Fraser Director | Trustee | 1 | $0 |
Kevin Mcmillan Director | Trustee | 1 | $0 |
Elizabeth Jacobson-Carroll Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,920 |
| Investment income | $453 |
| 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 | $370,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $6,854 |
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,400 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $161,472 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $148,335 |
| Insurance | $1,344 |
| All other expenses | $0 |
| Total functional expenses | $343,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $728,725 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $353,219 |
| 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 | $293 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $271,720 |
| Total assets | $5,254,234 |
| Accounts payable and accrued expenses | $4,752 |
| Grants payable | $0 |
| Deferred revenue | $344,533 |
| 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 | $3,713,707 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,095 |
| Total liabilities | $4,078,087 |
| Net assets without donor restrictions | $1,167,750 |
| Net assets with donor restrictions | $8,397 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,176,147 |