Rivertree Academy Inc
- Assets
- $13.1m
- Revenue
- $11.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Fort Worth, TX
- Founding
- 11/2011
- Data as of
- 07/2023
- EIN
- 45-2668753
Organization Overview
Rivertree Academy Inc is located in Fort Worth, TX. The organization was established in 2011. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 07/2023, Rivertree Academy Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rivertree Academy 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 07/2023, Rivertree Academy Inc generated $11.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.1% each year . All expenses for the organization totaled $2.6m during the year ending 07/2023. While expenses have increased by 13.8% 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
THE MISSION OF RIVERTREE ACADEMY IS TO EDUCATE UNDER-RESOURCED STUDENTS TO LIVE LIFE WELL: FOLLOWING JESUS, THRIVING ACADEMICALLY, AND TRANSFORMING THEIR COMMUNITIES. OUR VISION IS TO END THE CYCLE OF POVERTY IN EVERY FAMILY WE SERVE BY EDUCATING STUDENTS FROM COMO TO LEARN WELL, LOVE WELL, WORK WELL, AND LEAD WELL. WE SEEK TO BUILD HEALTHY AND PRODUCTIVE HABITS OF MIND, BODY, AND SPIRIT SO THAT OUR CHILDREN CAN BREAK THE CYCLE OF GENERATIONAL POVERTY IN THEIR FAMILY AND GROW TO BECOME LEADERS IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERTREE ACADEMY SERVES STUDENTS LIVING PRIMARILY IN THE LAKE COMO NEIGHBORHOOD OF FORT WORTH, TEXAS AND APPROACHES PROVIDING AN EXCELLENT CHRISTIAN EDUCATION WITH A FOCUS OF THE WHOLE CHILD - SPIRITUAL, ACADEMIC, AND SOCIAL NEEDS. WE'VE BUILT OUR SCHOOL ON A FOUNDATION OF ACADEMIC (SMALL CLASSROOM SIZES WITH INDIVIDUALIZED ATTENTION; CURRICULUM THAT GOES BEYOND THE BASIC CORE SUBJECTS) AND SOCIAL (TRAUMA-INFORMED CARE; MENTORING; BEHAVIOR MANAGEMENT PROGRAM) DISTINCTIVES, SETTING RIVERTREE ACADEMY APART FROM OTHER LOCAL SCHOOLS. WITH AN EXTENDED DAY PROGRAM, FREE MEALS, TRANSPORTATION AND FAMILY ENGAGEMENT PROGRAMS, WE SERVE THE WHOLE CHILD AND THEIR FAMILY.
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 |
|---|---|---|---|
Justina Jenkins Head Of School | Officer | 40 | $118,509 |
Dr Randy Brown Founder | OfficerTrustee | 5 | $0 |
Pete Chambers Chairman | OfficerTrustee | 10 | $0 |
Terri Sexton Director | Trustee | 2 | $0 |
Bob White Director | Trustee | 2 | $0 |
Corey Boone Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ghc Architects Apac Construction | 7/30/23 | $426,034 |
Precision Demolition Llc Construction | 7/30/23 | $129,325 |
Project Managment Services Construction | 7/30/23 | $183,890 |
M Gale & Associates Consulting | 7/30/23 | $130,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,180,300 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,730,672 |
| Noncash contributions included in lines 1a–1f | $87,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,910,972 |
| Total Program Service Revenue | $59,752 |
| Investment income | $146,602 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,614 |
| Net Income from Fundraising Events | -$81,613 |
| Net Income from Gaming Activities | $48,278 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,118,605 |
| 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. | $128,596 |
| Compensation of current officers, directors, key employees. | $64,298 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,258,442 |
| Pension plan accruals and contributions | $18,080 |
| Other employee benefits | $153,103 |
| Payroll taxes | $102,550 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $830 |
| Fees for services: Accounting | $81,391 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,655 |
| Advertising and promotion | $0 |
| Office expenses | $13,928 |
| Information technology | $32,479 |
| Royalties | $0 |
| Occupancy | $268,518 |
| Travel | $15,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,567 |
| All other expenses | $98,610 |
| Total functional expenses | $2,633,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $783,238 |
| Savings and temporary cash investments | $5,340,557 |
| Pledges and grants receivable | $1,802,304 |
| 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 | $62,147 |
| Net Land, buildings, and equipment | $1,176,190 |
| Investments—publicly traded securities | $2,397,604 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,550,572 |
| Total assets | $13,112,612 |
| Accounts payable and accrued expenses | $95,879 |
| 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 | $49,846 |
| Total liabilities | $145,725 |
| Net assets without donor restrictions | $5,413,334 |
| Net assets with donor restrictions | $7,553,553 |
| 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 | $13,112,612 |