Riverside School Inc
- Assets
- $11.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 58
- Location
- Sacramento, CA
- Founding
- 03/2016
- Data as of
- 06/2023
- EIN
- 81-0877098
Organization Overview
Riverside School Inc is located in Sacramento, CA. The organization was established in 2016. 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 06/2023, Riverside School Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside School 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 06/2023, Riverside School Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 10.9% 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
RIVERSIDE SCHOOL, OPERATING AS BROOKFIELD SCHOOL IS A PRIVATE SCHOOL FOR CHILDREN THRU 8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE INCEPTION OF SCHOOL ACTIVITY, 10/14/16, THE SCHOOL HAS SERVED APPROXIMATELY 180 ELEMENTARY STUDENTS AND 50 PRESCHOOL CHILDREN ON A DAILY SCHOOL DAY BASIS. THE ELEMENTARY SCHOOL YEAR IS 180 DAYS AND THE PRESCHOOL YEAR IS APPROX. 225 DAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sittner President | OfficerTrustee | 5 | $0 |
Brian Challis Secretary | OfficerTrustee | 1 | $0 |
David Simmons Board Member | Trustee | 5 | $0 |
Tyler Ellis Board Member | Trustee | 5 | $0 |
Josephine Gonsalves Principal | 40 | $109,829 |
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 | $7,274 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,274 |
| Total Program Service Revenue | $3,866,811 |
| Investment income | $12,287 |
| 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 | $3,886,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $356,068 |
| 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 | $1,575,293 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $97,062 |
| Payroll taxes | $153,204 |
| Fees for services: Management | $346,000 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $29,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,146 |
| Advertising and promotion | $90,873 |
| Office expenses | $6,492 |
| Information technology | $1,080 |
| Royalties | $0 |
| Occupancy | $135,773 |
| Travel | $2,954 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $720,100 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,000 |
| Insurance | $68,820 |
| All other expenses | $20,309 |
| Total functional expenses | $4,176,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336,523 |
| Savings and temporary cash investments | $853,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $180,039 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,493 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $9,659,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,037,450 |
| Accounts payable and accrued expenses | $834,325 |
| Grants payable | $0 |
| Deferred revenue | $81,950 |
| Tax-exempt bond liabilities | $10,957,250 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $745,883 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $206,050 |
| Other liabilities | $0 |
| Total liabilities | $12,825,458 |
| Net assets without donor restrictions | -$1,788,008 |
| 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 | $11,037,450 |