Riverfield Academy
- Assets
- $5.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 90
- Location
- Rayville, LA
- Founding
- 04/1983
- Data as of
- 05/2024
- EIN
- 72-0690242
Organization Overview
Riverfield Academy is located in Rayville, LA. The organization was established in 1983. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 05/2024, Riverfield Academy employed 90 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverfield Academy 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 05/2024, Riverfield Academy generated $3.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $2.7m during the year ending 05/2024. While expenses have increased by 3.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE RAISED AT THE ANNUAL ROUND-UP DAY WHICH ARE USED TO PROMOTE THE SCHOOL IN THE COMMUNITY TO ATTRACT PROSPECTIVE STUDENTS AND TO PROMOTE INTERACTION AMONG THE CURRENT STUDENTS. THESE PROCEEDS CAME FROM THE SALE / AUCTION OF DONATED MERCHANDISE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
April Word Principal | Officer | 40 | $46,761 |
Tom Allen Director | Trustee | 2 | $0 |
Massey Shelton Director | Trustee | 2 | $0 |
Matt Prine Director | Trustee | 2 | $0 |
Lee Thomason Director | Trustee | 2 | $0 |
Kim M Mills President | Officer | 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 | $28,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,836 |
| Total Program Service Revenue | $2,719,238 |
| Investment income | $50,357 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $398,763 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $55,854 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,253,048 |
| 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. | $77,249 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,614,501 |
| Pension plan accruals and contributions | $42,675 |
| Other employee benefits | $0 |
| Payroll taxes | $129,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $742 |
| Office expenses | $56,526 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $269,934 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,232 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,745 |
| Insurance | $128,557 |
| All other expenses | $19,949 |
| Total functional expenses | $2,698,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $772,320 |
| Savings and temporary cash investments | $1,476,682 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,110,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165 |
| Total assets | $5,359,733 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $166,468 |
| 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 | $468,114 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $634,582 |
| 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 | $504,833 |
| Retained earnings, endowment, accumulated income, or other funds | $4,220,318 |
| Total liabilities and net assets/fund balances | $5,359,733 |