Rivermont Collegiate
- Assets
- $9.8m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 87
- Location
- Bettendorf, IA
- Founding
- 01/1973
- Data as of
- 06/2023
- EIN
- 42-0703279
Organization Overview
Rivermont Collegiate is located in Bettendorf, IA. The organization was established in 1973. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Rivermont Collegiate employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rivermont Collegiate 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, Rivermont Collegiate generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $5.5m during the year ending 06/2023. While expenses have increased by 4.7% 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
RIVERMONT COLLEGIATE IS DEDICATED TO ACADEMIC EXCELLENCE AND MAXIMIZING THE POTENTIAL OF EACH STUDENT THROUGH A NURTURING, STIMULATING, AND STRUCTURED ENVIRONMENT THAT ADVANCES THE INDIVIDUAL'S INTELLECT, CHARACTER AND CREATIVITY WHILE GUIDNG THE STUDENT ON A PATH OF LIFE-LONG LEARNING, PREPARED TO ENGAGE FULLY IN HIS OR HER LOCAL, NATIONAL, AND GLOBAL COMMUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION AND STUDENT ACTIVITIES CLASS OF 2023 GRADUATED WITH ALL STUDENTS ACCEPTED TO FOUR-YEAR COLLEGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Max Roach Headmaster | Officer | 40 | $167,011 |
Gina Reed Finance Dire | Officer | 40 | $70,125 |
Joseph Rives President | OfficerTrustee | 2 | $0 |
Brian Matlock Vice Preside | OfficerTrustee | 2 | $0 |
Aaron Christopher Resigned Fy23 Treasurer | OfficerTrustee | 2 | $0 |
Nicole Gleason Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $83,632 |
| Related organizations | $0 |
| Government grants | $6,088 |
| All other contributions, gifts, grants, and similar amounts not included above | $839,322 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $929,042 |
| Total Program Service Revenue | $3,826,587 |
| Investment income | $29,626 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,955 |
| Net Gain/Loss on Asset Sales | -$6,676 |
| Net Income from Fundraising Events | -$19,549 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,806,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,537,122 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $241,462 |
| Compensation of current officers, directors, key employees. | $55,830 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,933,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $175,036 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,076 |
| Fees for services: Accounting | $8,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,569 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $64,799 |
| Advertising and promotion | $93,502 |
| Office expenses | $21,515 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $354,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $239,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $317,236 |
| Insurance | $86,966 |
| All other expenses | $117,548 |
| Total functional expenses | $5,498,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,521 |
| Pledges and grants receivable | $372,234 |
| Accounts receivable, net | $1,768,308 |
| 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 | $25,226 |
| Net Land, buildings, and equipment | $7,489,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,876 |
| Total assets | $9,794,697 |
| Accounts payable and accrued expenses | $414,728 |
| Grants payable | $0 |
| Deferred revenue | $1,799,121 |
| 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 | $4,808,952 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,022,801 |
| Net assets without donor restrictions | $1,725,524 |
| Net assets with donor restrictions | $1,046,372 |
| 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 | $9,794,697 |