Civic Intelligence

Rivers Edge Academy

990 • Fiscal year 2013 • EIN 02-0811896

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 03, 2014

Organization Profilewww.riversedgeacademy.org
188 West Plato BlvdSaint Paul, MN 55107
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

90th percentile

0.85x

Higher debt load relative to assets than 90% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

70th percentile

0.17x

Higher debt load relative to revenue than 70% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

29th percentile

-4.1%

Higher net margin than 29% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

3rd percentile

-51%

Faster asset growth than 3% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$176,352

Down $179,915 (-51%) from 2012

Net Assets

Down

$25,760

Down $36,927 (-59%) from 2012

Liabilities

Down

$150,592

Down $142,988 (-49%) from 2012

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin29th percentile

Revenue

$901,564

No earlier filing loaded for comparison.

Expenses

Up

$938,491

Up $94,425 (+11%) from 2012

Net Income

-$36,927

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $201,531Liabilities 2011: $179,401Net Assets 2011: $22,1302011Assets 2012: $356,267Liabilities 2012: $293,580Net Assets 2012: $62,6872012Assets 2013: $176,352Liabilities 2013: $150,592Net Assets 2013: $25,7602013Assets 2014: $225,085Liabilities 2014: $151,222Net Assets 2014: $73,8632014Assets 2015: $142,751Liabilities 2015: $530,840Net Assets 2015: -$388,0892015Assets 2016: $205,550Liabilities 2016: $541,848Net Assets 2016: -$336,2982016Assets 2017: $186,361Liabilities 2017: $817,449Net Assets 2017: -$631,0882017Assets 2018: $1,260,007Liabilities 2018: $2,197,588Net Assets 2018: -$937,5812018

Highlighted filing

2013

Assets$176,352
Liabilities$150,592
Net Assets$25,760
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $861,2762011Expenses 2012: $844,0662012Revenue 2013: $901,564Expenses 2013: $938,491Net Income 2013: -$36,9272013Revenue 2014: $1,115,777Expenses 2014: $1,067,674Net Income 2014: $48,1032014Revenue 2015: $1,165,593Expenses 2015: $1,150,316Net Income 2015: $15,2772015Revenue 2016: $1,245,112Expenses 2016: $1,193,321Net Income 2016: $51,7912016Revenue 2017: $1,318,351Expenses 2017: $1,613,141Net Income 2017: -$294,7902017Revenue 2018: $1,329,495Expenses 2018: $1,635,988Net Income 2018: -$306,4932018

Highlighted filing

2013

Revenue$901,564
Expenses$938,491
Net Income-$36,927
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 3, 2014
Return Version
2012v2.1
Gross Receipts
$901,564
Mission and Program Overview

Mission

The mission of Rivers Edge Academy is, in partnership with parents and community, to prepare urban high school students for their further education and career with rigorous academics, innovative projects and an interdisciplinary river-focused curriculum.

Filing and Contact Details

Filer

EIN
02-0811896
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IRS990/ActivityOrMissionDescription0EDUCATE STUDENTS TO BECOME ENVI- RONMENTALLY RESPONSIBLE, SOCIALLY CONSCIOUS, & PREPARED FOR COLLEGE.
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IRS990/Description0RIVER'S EDGE ACADEMY IS AN EXPEDITIONARY LEARNING SCHOOL THAT EMBRACES THE SPIRIT OF ADVENTURE AND DISCOVERY, THE SPIRIT OF TEAMWORK AND COLLABORATION, AND A COMMITMENT TO COMMUNITY INVOLVEMENT. THE EXPEDITIONARY LEARNING SCHOOLS NETWORK ENCOMPASSES OVER 150 SCHOOLS REACHING OVER 50,000 STUDENTS ACROSS THE UNITED STATES. THE MODEL IS BASED ON RESEARCHED "BEST PRACTICES" IN EDUCATION THAT PROVIDE A FOUNDATION FOR ACADEMIC SUCCESS AS WELL AS SUCCESS IN LIFE. OUR GOAL AT RIVER'S EDGE ACADEMY IS TO BRING ABOUT A TRANSFORMATION IN THE WAY TEACHING AND LEARNING OCCUR AND TO FOSTER RESILIENCE, CURIOSITY, TENACITY, SELF-DISCIPLINE, AND COMPASSION IN OUR STUDENTS.
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IRS990/MissionDescription0THE MISSION OF RIVER'S EDGE ACADEMY IS, IN PARTNERSHIP WITH PARENTS AND COMMUNITY, TO PREPARE URBAN HIGH SCHOOL STUDENTS FOR THEIR FURTHER EDUCATION AND CAREER WITH RIGOROUS ACADEMICS, INNOVATIVE PROJECTS AND AN INTERDISCIPLINARY RIVER-FOCUSED CURRICULUM.
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLICIZED DURING ENROLLMENT PERIODS AND BROCHURES GIVEN TO PROSPECTIVE STUDENTS.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVES FEDERAL AND STATE FUNDING.
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IRS990ScheduleO/GeneralExplanation/Explanation0PARENTS/LEGAL GUARDIANS OF STUDENTS CURRENTLY ENROLLED AT THE SCHOOL AND STAFF EMPLOYED BY THE SCHOOL ARE ELIGIBLE TO VOTE FOR DIRECTORS OF THE SCHOOL'S BOARD OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE COMPLETED FORM 990 IS REVIEWED BY THE SCHOOL'S FINANCE MANAGER AND SCHOOL DIRECTOR. A FINAL REVIEW IS DONE BY THE TREASURER OF THE BOARD PRIOR TO THE BOARD APPROVING THE FORM 990.
IRS990ScheduleO/GeneralExplanation/Explanation2THE SCHOOL'S CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, AND EMPLOYEES WHO CAN INFLUENCE THE ACTIONS OF RIVER'S EDGE ACADEMY. COVERED INDIVIDUALS ARE REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM IDENTIFYING RELATIONSHIPS WHICH MAY GIVE RISE TO A CONFLICT OF INTEREST. FROM TIME TO TIME, TRANSACTIONS WITH PARTIES WITH WHOM A CONFLICTING INTEREST EXISTS MAY BE UNDERTAKEN ONLY IF ALL OF THE FOLLOWING ARE OBSERVED AND IF THEY ARE NOT IN DIRECT CONFLICT WITH MINNESOTA STATE STATUTE 124D OR MINNESOTA LAW: 1. THE CONFLICTING INTEREST IS FULLY DISCLOSED; 2. THE PERSON WITH THE CONFLICT OF INTEREST IS EXCLUDED FROM THE DISCUSSION AND APPROVAL OF SUCH TRANSACTION; 3. A COMPETITIVE BID OR COMPARABLE VALUATION EXISTS; AND 4. THE BOARD OF DIRECTORS HAS DETERMINED THAT THE TRANSACTION IS IN THE BEST INTEREST OF THE SCHOOL. DISCLOSURES SHOULD BE MADE TO THE SCHOOL DIRECTOR (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OF DIRECTORS. DISCLOSURES INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE EXECUTIVE BOARD COMMITTEE) WHO SHALL BRING THESE MATTERS TO THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS DETERMINES WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO THE SCHOOL IN ACCORDANCE WITH MINNESOTA LAW. THE DECISION OF THE BOARD OF DIRECTORS ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF THE SCHOOL AND THE ADVANCEMENT OF ITS PURPOSE. ALL PROCEEDINGS CONCERNING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MEETING MINUTES.
IRS990ScheduleO/GeneralExplanation/Explanation3COMPENSATION FOR THE SCHOOL DIRECTOR AND OTHER OFFICERS IS DETERMINED BY THE BOARD OF DIRECTORS BASED ON A REVIEW OF THE COMPENSATION OF OTHER COMPARABLE POSITIONS IN MINNESOTA AS PUBLISHED BY MACS AND REVIEW OF WEBSITES WITH APPLICABLE INFORMATION. THE LAST REVIEW WAS DONE IN 2013 FOR THE SCHOOL DIRECTOR, M. CAVALIER AND BUSINESS MANAGER, A. ELDRICH.
IRS990ScheduleO/GeneralExplanation/Explanation4THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5OTHER FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 35,370. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,370. SPECIAL EDUCATION AND PAYMENTS TO OTHER GOVERNMENTAL ENTITIES FOR SERVICES: PROGRAM SERVICE EXPENSES 69,007. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 69,007.
IRS990ScheduleO/GeneralExplanation/Explanation6THE SCHOOL FOLLOWS A MODIFIED ACCRUAL METHOD OF ACCOUNTING AS PRESCRIBED BY THE MINNESOTA DEPARTMENT OF EDUCATION. THE SCHOOL-WIDE FINANCIAL STATEMENTS ARE REPORTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING. GRANTS AND SIMILAR ITEMS ARE RECOGNIZED WHEN ALL ELIGIBILITY REQUIREMENTS IMPOSED BY THE PROVIDER HAVE BEEN MET.
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER FEES
IRS990ScheduleO/GeneralExplanation/Identifier1EXPLANATION FOR METHOD OF ACCOUNTING
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART XII, LINE 1
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IRS990/School01
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IRS990/SignificantNewProgramServices00
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IRS990/StatesWhereCopyOfReturnIsFiled0MN
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IRS990/TotalContributions0891250
IRS990/TotalExpensesCurrentYear0938491
IRS990/TotalExpensesPriorYear0844066
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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$176,352
Liabilities
$150,592
Net assets
$25,760
Revenue
$901,564
Expenses
$938,491
Net income
-$36,927
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.26$2.20$0.94$1.33$1.64$0.31
2017Detailed filing. Detailed filing data is available for this year.$0.19$0.82$0.63$1.32$1.61$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.21$0.54$0.34$1.25$1.19$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.53$0.39$1.17$1.15$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.15$0.07$1.12$1.07$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.15$0.03$0.90$0.94$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.29$0.06$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.18$0.02$0.86