Riverwalk Academy Inc
- Assets
- $14.2m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 70
- Location
- Rock Hill, SC
- Founding
- 12/2014
- Data as of
- 06/2021
- EIN
- 46-2624840
Organization Overview
Riverwalk Academy Inc is located in Rock Hill, SC. The organization was established in 2014. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2021, Riverwalk Academy Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverwalk 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 06/2021, Riverwalk Academy Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $4.0m during the year ending 06/2021. While expenses have increased by 11.0% 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
THE MISSION OF RIVERWALK ACADEMY IS TO LEAD STUDENTS TO ACHIEVE, THROUGH A PROJECT BASED LEARNING MODEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERWALK ACADEMY SERVES OVER 600 STUDENTS WHO ARE IN GRADES K - 12TH. THESE STUDENTS LIVE IN 7 DIFFERENT SCHOOL DISTRICTS AND 4 SEPARATE COUNTIES.
RIVERWALK ACADEMY INSTRUCTS THROUGH A PROJECT BASED LEARNING MODEL, WHERE THE STUDENT'S INQUIRY DRIVES THEIR INSTRUCTION. STUDENTS ARE TAUGHT IN A VARIETY OF SETTINGS RANGING FROM SMALL GROUP INSTRUCTION TO WHOLE GRADE-LEVEL GROUP INSTRUCTION. OUR STUDENTS WORK ON PROJECTS THAT NOT ONLY HAVE A POSITIVE IMPACT THE CLASSROOM, BUT HAVE A SCHOOL-WIDE AND COMMUNITY IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Compton Head Of School | Officer | 40 | $106,772 |
Mike Riddle Board Member | OfficerTrustee | 1 | $0 |
Ben Ignatowicz Board Chair | OfficerTrustee | 1 | $0 |
Don Stuckey Board Vice Chair | OfficerTrustee | 1 | $0 |
Mariann Carter Board Treasurer | OfficerTrustee | 1 | $0 |
Amy Brinkley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,625,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,385 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,628,777 |
| Total Program Service Revenue | $29,630 |
| Investment income | $109 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,265 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,663,781 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,540,357 |
| Pension plan accruals and contributions | $41,771 |
| Other employee benefits | $487,638 |
| Payroll taxes | $231,085 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,468 |
| 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 | $6,380 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,220 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $243,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,015 |
| Insurance | $29,547 |
| All other expenses | $246,433 |
| Total functional expenses | $3,992,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,431,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $19,832 |
| Net Land, buildings, and equipment | $11,569,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $138,833 |
| Total assets | $14,159,679 |
| Accounts payable and accrued expenses | $368,747 |
| Grants payable | $0 |
| Deferred revenue | $8,893 |
| Tax-exempt bond liabilities | $12,685,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $595,938 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,203 |
| Total liabilities | $13,663,781 |
| Net assets without donor restrictions | $1,301,377 |
| Net assets with donor restrictions | -$805,479 |
| 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 | $14,159,679 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverwalk Academy Inc has recieved totaling $191.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Howard School Inc Atlanta, GA | $46,587,964 | $14,630,236 |
Schenck School Inc Atlanta, GA | $49,204,547 | $13,089,821 |
Baconton Parents And Citizens For Better Education Inc Baconton, GA | $6,989,998 | $13,118,266 |
The Fletcher School Inc Charlotte, NC | $32,973,110 | $9,343,096 |
Mill Springs Academy Inc Alpharetta, GA | $16,639,612 | $7,597,542 |
Brookhaven Innovation Academy Norcross, GA | $15,037,187 | $6,615,354 |
Jacobs Ladder Neurodevelopmental Learning Center Inc Roswell, GA | $19,026,689 | $7,969,292 |
Liberty Tech Charter School Inc Brooks, GA | $5,341,334 | $5,035,134 |
Camperdown Academy Inc Greenville, SC | $11,409,687 | $5,638,160 |
Noble Academy Greensboro, NC | $11,946,488 | $4,273,437 |
Sandhills Childrens Center Southern Pines, NC | $5,514,562 | $5,251,585 |
The Fletcher Academy School Of Achievement Inc Raleigh, NC | $9,340,460 | $3,947,051 |