Riverwalk Academy Inc
- Assets
- $14.4m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 92
- Location
- Rock Hill, SC
- Founding
- 12/2014
- Data as of
- 06/2022
- 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 06/2022, Riverwalk Academy Inc employed 92 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 06/2022, Riverwalk Academy Inc generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $6.6m during the year ending 06/2022. While expenses have increased by 17.4% 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
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 |
|---|---|---|---|
Mike Riddle Board Chair | OfficerTrustee | 1 | $0 |
Mike Wallace Board Member | Trustee | 1 | $0 |
Kevin Willis Board Member | Trustee | 1 | $0 |
Patricia Arter Board Member | Trustee | 1 | $0 |
Mollie Rose Secretary | OfficerTrustee | 1 | $0 |
Kerri Mcguire Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,749,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,875 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,758,369 |
| Total Program Service Revenue | $167,380 |
| Investment income | $168 |
| 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 | $6,925,917 |
| 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. | $107,452 |
| Compensation of current officers, directors, key employees. | $107,452 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,167,891 |
| Pension plan accruals and contributions | $59,716 |
| Other employee benefits | $472,707 |
| Payroll taxes | $247,896 |
| Fees for services: Management | $7,036 |
| Fees for services: Legal | $28,005 |
| Fees for services: Accounting | $77,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $306,430 |
| Advertising and promotion | $187,207 |
| Office expenses | $58,766 |
| Information technology | $169,795 |
| Royalties | $0 |
| Occupancy | $312,135 |
| Travel | $10,210 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $705,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $305,160 |
| Insurance | $12,685 |
| All other expenses | $28,921 |
| Total functional expenses | $6,579,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,432,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $611,259 |
| Accounts receivable, net | $5,641 |
| 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 | $17,498 |
| Net Land, buildings, and equipment | $11,336,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,403,367 |
| Accounts payable and accrued expenses | $357,157 |
| Grants payable | $0 |
| Deferred revenue | $13,774 |
| 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 | $13,185,245 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,321 |
| Total liabilities | $13,561,497 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $841,870 |
| Total liabilities and net assets/fund balances | $14,403,367 |