Civic Intelligence

Miller'S River Educational Cooperative Incorporated

990 • Fiscal year 2018 • EIN 04-3065810

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 27, 2019

Organization ProfileWWW.VILLAGESCHOOLMA.ORG
253 S Royalston RdRoyalston, MA 01368

(978) 249-3505

Siviq Scores

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

Liabilities / Assets

74th percentile

0.35x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

1.34x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

81st percentile

25%

Higher net margin than 81% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$15,000

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

92nd percentile

54%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$2,780,903

Up $1,604,186 (+136%) from 2016

Net Assets

Up

$1,797,424

Up $696,158 (+63%) from 2016

Liabilities

Up

$983,479

Up $908,028 (+1203%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin81st percentile

Revenue

Up

$734,852

Up $169,898 (+30%) from 2016

Expenses

Down

$547,639

Down $7,485 (-1.3%) from 2016

Net Income

Up

$187,213

Up $177,383 (+1805%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,012,589Liabilities 2011: $53,207Net Assets 2011: $959,3822011Assets 2012: $1,033,115Liabilities 2012: $42,460Net Assets 2012: $990,6552012Assets 2013: $1,094,180Liabilities 2013: $63,075Net Assets 2013: $1,031,1052013Assets 2014: $1,146,087Liabilities 2014: $73,452Net Assets 2014: $1,072,6352014Assets 2015: $1,136,849Liabilities 2015: $45,427Net Assets 2015: $1,091,4222015Assets 2016: $1,176,717Liabilities 2016: $75,451Net Assets 2016: $1,101,2662016Assets 2018: $2,780,903Liabilities 2018: $983,479Net Assets 2018: $1,797,4242018Assets 2019: $2,998,070Liabilities 2019: $1,250,319Net Assets 2019: $1,747,7512019Assets 2020: $3,114,336Liabilities 2020: $1,299,989Net Assets 2020: $1,814,3472020Assets 2021: $3,608,492Liabilities 2021: $1,303,067Net Assets 2021: $2,305,4252021Assets 2022: $3,656,087Liabilities 2022: $1,096,464Net Assets 2022: $2,559,6232022Assets 2023: $3,796,418Liabilities 2023: $1,088,897Net Assets 2023: $2,707,5212023Assets 2024: $4,054,559Liabilities 2024: $1,093,443Net Assets 2024: $2,961,1162024Assets 2025: $4,202,670Liabilities 2025: $1,137,340Net Assets 2025: $3,065,3302025

Highlighted filing

2018

Assets$2,780,903
Liabilities$983,479
Net Assets$1,797,424
Open 2018 Filing

Operations Trend

Revenue Growth69th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $380,8182011Expenses 2012: $461,0172012Revenue 2013: $547,924Expenses 2013: $507,389Net Income 2013: $40,5352013Revenue 2014: $617,986Expenses 2014: $576,512Net Income 2014: $41,4742014Revenue 2015: $659,336Expenses 2015: $640,550Net Income 2015: $18,7862015Revenue 2016: $564,954Expenses 2016: $555,124Net Income 2016: $9,8302016Revenue 2018: $734,852Expenses 2018: $547,639Net Income 2018: $187,2132018Revenue 2019: $681,701Expenses 2019: $731,374Net Income 2019: -$49,6732019Revenue 2020: $781,917Expenses 2020: $715,321Net Income 2020: $66,5962020Revenue 2021: $1,313,289Expenses 2021: $822,212Net Income 2021: $491,0772021Revenue 2022: $1,159,453Expenses 2022: $846,739Net Income 2022: $312,7142022Revenue 2023: $1,099,505Expenses 2023: $984,890Net Income 2023: $114,6152023Revenue 2024: $1,384,760Expenses 2024: $1,188,648Net Income 2024: $196,1122024Revenue 2025: $1,367,275Expenses 2025: $1,363,562Net Income 2025: $3,7132025

Highlighted filing

2018

Revenue$734,852
Expenses$547,639
Net Income$187,213
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 27, 2019
Return Version
2017v2.3
Gross Receipts
$735,963
Mission and Program Overview

Mission

Operation of a private elementary school for grades pre-school through six and other adult educational programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$926,512$2,491,499▲ $1,564,987
Loans From Officers Directors$140,000$140,000→ $0
Savings and Temporary Cash Investments$687,204$107,508▼ $579,696
Cash and Non-Interest-Bearing Accounts$67,829$76,711▲ $8,882
Accounts Receivable$72,349$68,708▼ $3,641
Investments in Publicly Traded Securities$87,500$3,610▼ $83,890
Total Assets$1,874,261$2,780,903▲ $906,642
Other Assets Total$32,867$32,867→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$696,251▲ $696,251
Unsecured Notes Loans Payable$80,000$80,000→ $0
Deferred Revenue$37,848$56,573▲ $18,725
Other Liabilities$4,666$6,022▲ $1,356
Accounts Payable and Accrued Expenses$1,117$4,633▲ $3,516
Total Liabilities$263,631$983,479▲ $719,848
Net Assets / Fund Balance
Unrestricted Net Assets$1,060,754$1,797,424▲ $736,670
Temporarily Rstr Net Assets$549,876$0▼ $549,876
Total Net Assets Fund Balance$1,610,630$1,797,424▲ $186,794
Total Liabilities and Net Assets / Fund Balance$1,874,261$2,780,903▲ $906,642

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,184,647$3,733$2,188,380
Leasehold Improvements$268,350$71,305$339,655
Equipment$5,887$55,586$61,473
Land$32,615-$32,615

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$63,965-→ $0$63,912-
2016$63,562-▲ $1,041-$63,965
2015$63,671-▲ $526-$63,562
2014$154,247-▲ $544$90,000$63,671
2013$154,702-▲ $1,043-$154,247
Compensation and Service Providers
Top Officer Pay38th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Rise RichardsonVillage Sch DirectorFT$15,000$15,000

Board Members and Trustees

NameTitle
John RichardsonPresident
Walter ThorntonVice President
Catherine SzalVillage Sch Board
Cynthia SavoyVillage Sch Board
Darlene MorrillyVillage Sch Board
Donald StoneVillage Sch Board
Rick WaltonVillage Sch Board
Wendy DavenportVillage Sch Board
Penelope SullivanSecretary
Nanji DavisonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$244,016
Program Service Revenue
$463,796
Investment Income
$524
Other Revenue
$26,516
All Other Contributions
$244,016
Change in Net Assets
$187,213

Audited Revenue Reconciliation

Revenue per Audited Statements
$734,852
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-419
Total Revenue per Audited Statements
$734,433
Total Revenue per Form 990
$734,852
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$332,015
Other Expenses$137,853
Grants and Similar Amounts Paid$77,771
Total Fundraising Expense$1,628
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$276,233$23,823-$300,056
Grants to Domestic Individuals$77,771--$77,771
Occupancy$39,121--$39,121
Payroll Taxes$25,279$2,180-$27,459
Insurance$18,220--$18,220
Depreciation Depletion$12,501--$12,501
Office Expenses$7,885$3,046$1,251$12,182
Fees for Services Other$7,855--$7,855
Fees for Services Accounting-$7,750-$7,750
Interest$7,480--$7,480
Other Expenses$6,402--$6,402
Other Employee Benefits$4,143$357-$4,500
Advertising$2,876-$377$3,253
Total Functional Expenses$508,855$37,156$1,628$547,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$547,639
Total Expenses per Audited Statements$547,639
Total Expenses per Form 990$547,639
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,016
Fundraising Direct Expenses$1,111
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$140,000$140,000→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$6,022
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“President & director john richardson is the spouse of executive director rise richardson.”

Form 990, Part VI, Section A, Line 7A

“Organization has a board of directors that can appoint members and make governing decisions.”

Form 990, Part VI, Section A, Line 7B

“Organization has a board of directors that can appoint members and make governing decisions.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is is reviewed by the executive director and board president prior to filing.”

Form 990, Part VI, Section B, Line 15

“The organizations top management official is the school director who serves with compensation. Other officers and directors serve without compensation. Other key employees include teachers. Teacher salaries are reviewed by the board during the budgeting process. Comparable teacher salaries are taken into consideration when salary rates are set.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
MILLER'S RIVER EDUCATIONAL
EIN
04-3065810
Phone
9782493505
Address
253 S ROYALSTON RD, ROYALSTON, MA 01368
Doing Business As
The Village School

Signing Officer

Name
John Richardson
Title
President
Phone
9782493505
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Richardson
Formed
1989
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
10
Employees
22
Volunteers
25

Preparer

Firm
Pascucci Teixeira & Co Pc
Address
78 MAIN ST, NORTHAMPTON, MA 01060
Preparer
David E Pascucci
Phone
4135860990
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“Construction of school facility.”

Part X, Line 2

“The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code. Therefore, there is no provision for income taxes in the financial statements. There is no material financial statement impact resulting from income tax return positions as defined by fasb asc 740-10-25-5. The organization files federal not-for-profit tax returns. The returns are open for examination for the years 2015, 2016 and 2017.”

Raw XML AppendixShowing 400 of 497 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4VILLAGE SCH BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt5VILLAGE SCH BOARD
IRS990/Form990PartVIISectionAGrp/TitleTxt6VILLAGE SCH DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7VILLAGE SCH BOARD
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IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt014905
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt014905
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-419
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt039121
IRS990/OccupancyGrp/TotalAmt039121
IRS990/OfficeExpensesGrp/FundraisingAmt01251
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03046
IRS990/OfficeExpensesGrp/ProgramServicesAmt07885
IRS990/OfficeExpensesGrp/TotalAmt012182
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt032867
IRS990/OtherAssetsTotalGrp/EOYAmt032867
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0357
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04143
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04500
IRS990/OtherExpensesGrp/Desc0EQUIPMENT RENT AND MAIN
IRS990/OtherExpensesGrp/Desc1SCHOOL PROGRAMS
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt011818
IRS990/OtherExpensesGrp/ProgramServicesAmt111271
IRS990/OtherExpensesGrp/ProgramServicesAmt26402
IRS990/OtherExpensesGrp/TotalAmt011818
IRS990/OtherExpensesGrp/TotalAmt111271
IRS990/OtherExpensesGrp/TotalAmt26402
IRS990/OtherLiabilitiesGrp/BOYAmt04666
IRS990/OtherLiabilitiesGrp/EOYAmt06022
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011611
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011611
IRS990/OtherRevenueTotalAmt011611
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023823
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0276233
IRS990/OtherSalariesAndWagesGrp/TotalAmt0300056
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02180
IRS990/PayrollTaxesGrp/ProgramServicesAmt025279
IRS990/PayrollTaxesGrp/TotalAmt027459
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN RICHARDSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION & FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0463796
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0463796
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0562952
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt053699
IRS990/PYInvestmentIncomeAmt01680
IRS990/PYOtherExpensesAmt0149087
IRS990/PYOtherRevenueAmt016618
IRS990/PYProgramServiceRevenueAmt0448799
IRS990/PYRevenuesLessExpensesAmt0504239
IRS990/PYSalariesCompEmpBnftPaidAmt0323024
IRS990/PYTotalExpensesAmt0525810
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01030049
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0187213
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0464907
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0687204
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107508
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02184647
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03733
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02188380
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt053
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt063965
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt00
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt063912
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0638
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt063562
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt063965
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01041
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0635
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt063671
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt063562
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0526
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0939
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0154247
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt063671
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0544
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt090000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt01553
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0154702
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0154247
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01043
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt05887
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055586
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061473
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0547639
IRS990ScheduleD/LandGrp/BookValueAmt032615
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt032615
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0268350
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt071305
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0339655
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06022
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt0-419
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0734852
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONSTRUCTION OF SCHOOL FACILITY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, THERE IS NO PROVISION FOR INCOME TAXES IN THE FINANCIAL STATEMENTS. THERE IS NO MATERIAL FINANCIAL STATEMENT IMPACT RESULTING FROM INCOME TAX RETURN POSITIONS AS DEFINED BY FASB ASC 740-10-25-5. THE ORGANIZATION FILES FEDERAL NOT-FOR-PROFIT TAX RETURNS. THE RETURNS ARE OPEN FOR EXAMINATION FOR THE YEARS 2015, 2016 AND 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02491499
IRS990ScheduleD/TotalExpensesPerForm990Amt0547639
IRS990ScheduleD/TotalLiabilityAmt06022
IRS990ScheduleD/TotalRevenuePerForm990Amt0734852
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0734433
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0547639
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ADVERTISES ITS NON-DISCRIMINATION POLICIES IN LOCAL MEDIA, ITS WEB-SITE, PROMOTIONAL LITERATURE AND PUBLIC APPEALS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0TUITION SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt077771
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0TUITION REDUCTION FOR ELIGIBLE STUDENTS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt026
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0VALUE BASED ON STANDARD TUITION RATES.
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt080000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt160000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1WORKING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt080000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt160000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JOHN RISE RICHARDSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1WALTER THORNTON NANJI DAVISON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1BOARD MEMBERS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/TotalBalanceDueAmt0140000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT & DIRECTOR JOHN RICHARDSON IS THE SPOUSE OF EXECUTIVE DIRECTOR RISE RICHARDSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS A BOARD OF DIRECTORS THAT CAN APPOINT MEMBERS AND MAKE GOVERNING DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION HAS A BOARD OF DIRECTORS THAT CAN APPOINT MEMBERS AND MAKE GOVERNING DECISIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS IS REVIEWED BY THE EXECUTIVE DIRECTOR AND BOARD PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATIONS TOP MANAGEMENT OFFICIAL IS THE SCHOOL DIRECTOR WHO SERVES WITH COMPENSATION. OTHER OFFICERS AND DIRECTORS SERVE WITHOUT COMPENSATION. OTHER KEY EMPLOYEES INCLUDE TEACHERS. TEACHER SALARIES ARE REVIEWED BY THE BOARD DURING THE BUDGETING PROCESS. COMPARABLE TEACHER SALARIES ARE TAKEN INTO CONSIDERATION WHEN SALARY RATES ARE SET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,780,903
Liabilities
$983,479
Net assets
$1,797,424
Revenue
$734,852
Expenses
$547,639
Net income
$187,213
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.20$1.14$3.07$1.37$1.36$0.00
2024Detailed filing. Detailed filing data is available for this year.$4.05$1.09$2.96$1.38$1.19$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.80$1.09$2.71$1.10$0.98$0.11
2022Detailed filing. Detailed filing data is available for this year.$3.66$1.10$2.56$1.16$0.85$0.31
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$1.30$2.31$1.31$0.82$0.49
2020Detailed filing. Detailed filing data is available for this year.$3.11$1.30$1.81$0.78$0.72$0.07
2019Detailed filing. Detailed filing data is available for this year.$3.00$1.25$1.75$0.68$0.73$0.05
2018Detailed filing. Detailed filing data is available for this year.$2.78$0.98$1.80$0.73$0.55$0.19
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.08$1.10$0.56$0.56$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.14$0.05$1.09$0.66$0.64$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.07$1.07$0.62$0.58$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.06$1.03$0.55$0.51$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.04$0.99$0.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.05$0.96$0.38