Riverside Military Academy Foundation Inc
- Assets
- $487.8k
- Revenue
- $33.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Gainesville, GA
- Founding
- 10/2014
- Data as of
- 05/2022
- EIN
- 46-4243684
Organization Overview
Riverside Military Academy Foundation Inc is located in Gainesville, GA. The organization was established in 2014. According to its NTEE Classification (B94) the organization is classified as: Parent & Teacher Groups, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Military Academy 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 05/2022, Riverside Military Academy Foundation Inc generated $33.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.1%) each year.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT THE EDUCATIONAL PURPOSES, FURTHERANCE, AND LONGEVITY OF RIVERSIDE MILITARY ACADEMY AND TO RAISE AND RECEIVE FUNDS FOR THE SUPPORT AND ENHANCEMENT OF THE ACADEMY.
Describe the Organization's Program Activity:
TUITION ASSISTANCE: THE FOUNDATION EXISTS TO SOLICIT CONTRIBUTIONS IN ORDER TO PROVIDE TUITION ASSISTANCE FOR CADETS ATTENDING RIVERSIDE MILITARY ACADEMY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Defoor President | Officer | 1 | $0 |
Walter E Smith Jr Chairman | Trustee | 1 | $0 |
Anthony M Herdener Vice Chairman & Treasurer | Trustee | 1 | $0 |
Daniel J Kaufman Trustee | Trustee | 1 | $0 |
William E Russell Sr Trustee | Trustee | 1 | $0 |
Bernard M Freeman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,050 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,025 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,075 |
| 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 | -$29,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,418 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $171,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $35,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $207,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $89,117 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $487,808 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $487,808 |
| 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 | $487,808 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverside Military Academy Foundation Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chipola Regional Workforce Development Planning Board Inc Marianna, FL | $1,361,644 | $4,688,659 |
Mariner Foundation Charlotte, NC | $22,191,927 | $1,793,742 |
Black Teacher Collaborative Incorporated Atlanta, GA | $5,760,388 | $5,597,948 |
Mountain Brook Council Pto Inc Mountain Brook, AL | $492,321 | $1,291,426 |
Communityworx Carrboro, NC | $4,935,522 | $1,612,558 |
Family Impact Fund Charlotte, NC | $0 | $149,457 |
Parent To Parent Of Miami Inc Miami, FL | $450,604 | $939,365 |
Mountain Brook City Schools Foundation Birmingham, AL | $10,803,638 | $1,759,679 |
Independence High School Ptso Thompsons Station, TN | $458,068 | $848,792 |
Pta Georgia Congress Atlanta, GA | $843,053 | $514,941 |
Pta Florida Congress Orlando, FL | $849,299 | $396,580 |
Pta Florida Congress Miami Beach, FL | $272,155 | $736,787 |