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.
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 |
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 |