Riverhill School
- Assets
- $647.5k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 41
- Location
- Florence, AL
- Founding
- 06/1981
- Data as of
- 07/2023
- EIN
- 63-0797633
Organization Overview
Riverhill School is located in Florence, AL. The organization was established in 1981. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 07/2023, Riverhill School employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverhill School 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, Riverhill School generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.6m during the year ending 07/2023. While expenses have increased by 9.4% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SCHOOL PROGRAM FOR ELEMENTARY STUDENTS- SERVICES PROVIDED STUDENTS, GRADES K-9
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL PROGRAM FOR ELEMENTARY STUDENTS-SERVICES PROVIDED STUDENTS, GRADES K-9
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Gillespie Secretary | Officer | $0 | |
Jeffrey Jones Treasurer | Officer | $0 | |
Trent Jordan President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,000 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,955 |
| Total Program Service Revenue | $1,200,847 |
| Investment income | $34,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,426,796 |
| 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 | $864,566 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,408 |
| Payroll taxes | $61,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,949 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,539 |
| Advertising and promotion | $0 |
| Office expenses | $94,092 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $181,685 |
| 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 | $6,348 |
| Insurance | $53,528 |
| All other expenses | $69,651 |
| Total functional expenses | $1,593,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,766 |
| Savings and temporary cash investments | $471,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,282 |
| 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 | $23,447 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $261 |
| Total assets | $647,497 |
| Accounts payable and accrued expenses | $18,050 |
| 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 | $18,050 |
| Net assets without donor restrictions | $629,447 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $647,497 |