Rivermont Collegiate
- Assets
- $9.2m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 78
- Location
- Bettendorf, IA
- Founding
- 01/1973
- Data as of
- 06/2021
- 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 06/2021, Rivermont Collegiate employed 78 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 06/2021, Rivermont Collegiate generated $6.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $6.0m during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIVERMONT COLLEGIATE IS A NOT-FOR-PROFIT, PRIVATE, NONSECTARIAN, INDEPENDENT, MULTICULTURAL, COLLEGE PREPARATORY SCHOOL FOR STUDENTS - PRESCHOOL THROUGH TWELFTH GRADE - OFFERING AN ENVIRONMENT WHERE STUDENTS DEVELOP INTELLECT, CHARACTER, AND CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACADEMIC INSTRUCTION AND STUDENT ACTIVITIESCLASS OF 2021 GRADUATED WITH ALL STUDENTS ACCEPTED TO FOUR-YEAR COLLEGES.
SUMMER SCHOOL AND OTHER PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Max Roach Headmaster | Officer | 40 | $144,081 |
Brian Matlock President | Officer | 2 | $0 |
Melissa Sears Vice President | Officer | 2 | $0 |
Nicole Gleason Secretary | Officer | 2 | $0 |
Aaron Christopher PHD CPA Finance Committee Chair | Officer | 2 | $0 |
Jim Zmuda Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $313,584 |
| Related organizations | $0 |
| Government grants | $486,582 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $847,230 |
| Total Program Service Revenue | $4,895,292 |
| Investment income | $543 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $586,982 |
| Net Income from Fundraising Events | $58,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,388,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,014,070 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,082 |
| Compensation of current officers, directors, key employees. | $144,082 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,231,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $216,989 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,993 |
| Fees for services: Accounting | $18,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,911 |
| Fees for services: Other | $28,839 |
| Advertising and promotion | $0 |
| Office expenses | $17,038 |
| 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 | $158,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $316,545 |
| Insurance | $44,222 |
| All other expenses | $162,066 |
| Total functional expenses | $5,982,019 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $80,642 |
| Pledges and grants receivable | $53,549 |
| Accounts receivable, net | $1,371,792 |
| 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 | $6,490 |
| Net Land, buildings, and equipment | $7,453,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,041 |
| Total assets | $9,168,102 |
| Accounts payable and accrued expenses | $927,717 |
| Grants payable | $0 |
| Deferred revenue | $1,296,967 |
| 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 | $3,409,607 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,634,291 |
| Net assets without donor restrictions | $2,547,300 |
| Net assets with donor restrictions | $986,511 |
| 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 | $9,168,102 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rivermont Collegiate has recieved totaling $17,278.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: RIVERMONT ROCKS | $11,200 |
Charles R And Nancy L Charitable Foundation Pleasant Valley, IA PURPOSE: GENERAL FUND | $5,000 |
Rakesh & Dhatri Alla Charitable Foundation Rock Island, IL PURPOSE: ENRICHMENT OF STUDENT LIFE AND LEARNING, ENHANCEMNET OF CAMPUS PROGRAMS. | $800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $278 |
Endowment Analysis
| Beg. Balance | $1,755,152 |
| Earnings | $73,563 |
| Grants | $905,513 |
| Ending Balance | $923,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duluth Public Schools Academy Duluth, MN | $11,300,582 | $19,293,947 |
University Of Chicago Charter School Corporation Chicago, IL | $14,482,747 | $19,743,627 |
Hope Educational & Research Center St Louis, MO | $196,443,117 | $45,382,338 |
Providence Academy Plymouth, MN | $90,830,285 | $18,450,860 |
Timothy Christian Schools Elmhurst, IL | $41,280,764 | $20,446,601 |
Milwaukee Science Education Consortium Inc Milwaukee, WI | $22,408,763 | $18,701,164 |
Prairie School Inc Racine, WI | $75,801,246 | $20,722,980 |
Lake Forest Country Day School Lake Forest, IL | $60,294,395 | $16,845,171 |
Indian Community School Inc Franklin, WI | $820,604,355 | $21,906,582 |
University Academy Kansas City, MO | $4,761,090 | $14,511,451 |
Missouri Military Academy Mexico, MO | $77,413,966 | $15,231,953 |
Open Sky Education Inc Waukesha, WI | $15,604,401 | $16,173,980 |