River City Education Organization Inc
- Assets
- $21.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 79
- Location
- Jacksonville, FL
- Founding
- 08/2017
- Data as of
- 06/2021
- EIN
- 46-2612875
Organization Overview
River City Education Organization Inc is located in Jacksonville, FL. The organization was established in 2017. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, River City Education Organization Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River City Education Organization 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 06/2021, River City Education Organization Inc generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $9.0m during the year ending 06/2021. While expenses have increased by 32.1% per year over the past 5 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
TO OPERATE A PUBLIC CHARTER SCHOOL IN THE STATE OF FLORIDA
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHARTER SCHOOL PROVIDES EDUCATIONAL SERVICES TO STUDENT IN GRADES 6-12
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Hall CEO | Officer | 40 | $162,691 |
Sarah Mathis President | OfficerTrustee | 2 | $0 |
Melinda Powers Vice Chair | OfficerTrustee | 2 | $0 |
Gary Wheeler Secretary | OfficerTrustee | 2 | $0 |
Jerry Jeakle Treasurer | OfficerTrustee | 2 | $0 |
Juan Carlos Gonzalez Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,263,013 |
| 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 | $7,864,021 |
| 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. | $162,691 |
| Compensation of current officers, directors, key employees. | $102,495 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,630,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $239,081 |
| Payroll taxes | $196,393 |
| Fees for services: Management | $151,244 |
| Fees for services: Legal | $36,617 |
| Fees for services: Accounting | $52,566 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,023 |
| Advertising and promotion | $64,511 |
| Office expenses | $560,513 |
| Information technology | $41,333 |
| Royalties | $0 |
| Occupancy | $668,330 |
| Travel | $1,679 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,753,179 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,438 |
| Insurance | $103,504 |
| All other expenses | $138,576 |
| Total functional expenses | $8,979,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $663,205 |
| Savings and temporary cash investments | $2,329,807 |
| Pledges and grants receivable | $1,082,154 |
| 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 | $112,282 |
| Net Land, buildings, and equipment | $17,628,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,815,598 |
| Accounts payable and accrued expenses | $337,786 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $22,591,015 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $220,945 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,149,746 |
| Net assets without donor restrictions | $0 |
| 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 | -$5,183,810 |
| Retained earnings, endowment, accumulated income, or other funds | $3,849,662 |
| Total liabilities and net assets/fund balances | $21,815,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that River City Education Organization Inc has recieved totaling $244.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $244 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Dade College Foundation Inc Miami, FL | $203,072,980 | $26,102,618 |
Oxbridge Academy Foundation Inc West Palm Beach, FL | $65,288,192 | $19,905,008 |
University Of West Florida Foundation Inc Pensacola, FL | $164,565,433 | $23,515,652 |
Gator Boosters Inc Gainesville, FL | $35,445,358 | $17,089,938 |
The University Of North Florida Foundation Inc Jacksonville, FL | $189,463,504 | $37,925,600 |
Usf Health Professions Conferencing Corporation Tampa, FL | $17,834,474 | $17,025,476 |
Florida Agricultural & Mechanical Univ Foundation Inc Tallahassee, FL | $165,576,820 | $45,594,915 |
Jessie Ball Dupont Religious Charitable & Educational Fund Jacksonville, FL | $0 | $23,306,581 |
Avant Garde Academy Foundation Inc Hollywood, FL | $46,079,616 | $17,259,977 |
Florida State University Research Foundation Inc Tallahassee, FL | $238,210,385 | $28,107,542 |
Georgia Tech Facilities Inc Atlanta, GA | $407,064,936 | $14,504,049 |
Fsu Financial Assistance Inc Tallahassee, FL | $147,384,832 | $12,995,500 |