Three Rivers Education Foundation Inc
- Assets
- $964.7k
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 96
- Location
- Farmington, NM
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 45-0584483
Organization Overview
Three Rivers Education Foundation Inc is located in Farmington, NM. The organization was established in 2008. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Three Rivers Education Foundation Inc employed 96 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Rivers Education Foundation Inc 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 12/2022, Three Rivers Education Foundation Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $11.0m during the year ending 12/2022. While expenses have increased by 9.0% 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
HIGHSCHOOL EQUIVALENCY PROGRAM - PROVIDE COURSEWORK AND PREPARATION FOR MIGRANTS TO GET THEIR GEDS BHEP2 - BORDERLAND HIGH SCHOOL EQUIVALENCY PROGRAM: LAS CRUCES, NM AND EL PASO, TX MHEP - MARICOPA HIGH SCHOOL EQUIVALENCY PROGRAM: MARICOPA COUNTY, AZ TEACHER QUALITY PARTNERSHIPS - PROVIDE A RESIDENCY PROGRAM FOR FUTURE TEACHERS TO GET A MASTER'S DEGREE AND BECOME CERTIFIED TO TEACH; ALSO PROVIDE PROFESSIONAL DEVELOPMENT AND MENTORING ASSISTANCE. TQP3RIV - TEACHER QUALITY PARTNERSHIP FOR THE TAOS, NM AND SURROUNDING AREA FOR 50 RESIDENTS TQP-TX - TEACHER QUALITY PARTNERSHIP FOR THE CLINT, TX AREA FOR 50 RESIDENTS TQP-SW - TEACHER QUALITY PARTNERSHIP FOR NORTHEAST NEW MEXICO AND SOUTHWEST COLORADO FOR 75 RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HIGHSCHOOL EQUIVALENCY PROGRAM - PROVIDE COURSEWORK AND PREPARATION FOR MIGRANTS TO GET THEIR GEDS BHEP2 - BORDERLAND HIGH SCHOOL EQUIVALENCY PROGRAM: LAS CRUCES, NM AND EL PASO, TX MHEP - MARICOPA HIGH SCHOOL EQUIVALENCY PROGRAM: MARICOPA COUNTY, AZ TEACHER QUALITY PARTNERSHIPS - PROVIDE A RESIDENCY PROGRAM FOR FUTURE TEACHERS TO GET A MASTER'S DEGREE AND BECOME CERTIFIED TO TEACH; ALSO PROVIDE PROFESSIONAL DEVELOPMENT AND MENTORING ASSISTANCE. TQP3RIV - TEACHER QUALITY PARTNERSHIP FOR THE TAOS, NM AND SURROUNDING AREA FOR 50 RESIDENTS TQP-TX - TEACHER QUALITY PARTNERSHIP FOR THE CLINT, TX AREA FOR 50 RESIDENTS TQP-SW - TEACHER QUALITY PARTNERSHIP FOR NORTHEAST NEW MEXICO AND SOUTHWEST COLORADO FOR 75 RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Coy Executive Di | OfficerTrustee | 40 | $0 |
Linda Coy Ceo/board Me | OfficerTrustee | 40 | $0 |
Ken Ferrone Director | Trustee | 2 | $0 |
Jarly Lopez Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northeast Regional Education Cooperative Payroll & Admin Svcs | 12/30/18 | $718,230 |
Bloomfield School District Pe Teachers & Payroll Svcs | 12/30/18 | $143,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,078,159 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,288 |
| Noncash contributions included in lines 1a–1f | $18,288 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,096,447 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,703,203 |
| 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. | $629,616 |
| Compensation of current officers, directors, key employees. | $53,549 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,514,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,322 |
| Payroll taxes | $274,083 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,361 |
| Travel | $234,480 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $26,052 |
| All other expenses | $223,634 |
| Total functional expenses | $10,976,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,138 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $537,137 |
| Accounts receivable, net | $0 |
| 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 | $20,676 |
| Net Land, buildings, and equipment | $91,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $964,695 |
| Accounts payable and accrued expenses | $39,184 |
| 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 | $28,929 |
| Total liabilities | $68,113 |
| Net assets without donor restrictions | $896,582 |
| 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 | $964,695 |