Civic Intelligence

River Valley Charter School Foundation Inc.

990 • Fiscal year 2015 • EIN 04-3462020

Jul 01, 2014 to Jun 30, 2015 • Filed on Jan 29, 2016

Organization ProfileN/A
2 Perry WayNewburyport, MA 01950

(978) 465-0065

Siviq Scores

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

Liabilities / Assets

90th percentile

0.93x

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

14.68x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

60th percentile

6.1%

Higher net margin than 60% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

35th percentile

-2.4%

Faster asset growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$4,643,604

Down $113,204 (-2.4%) from 2014

Net Assets

Up

$343,082

Up $9,948 (+3.0%) from 2014

Liabilities

Down

$4,300,522

Down $123,152 (-2.8%) from 2014

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin60th percentile

Revenue

Up

$292,879

Up $45,227 (+18%) from 2014

Expenses

Down

$274,940

Down $57,573 (-17%) from 2014

Net Income

Up

$17,939

Up $102,800 (+121%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2012: $568,493Liabilities 2012: $21,225Net Assets 2012: $547,2682012Assets 2013: $5,068,781Liabilities 2013: $4,550,552Net Assets 2013: $518,2292013Assets 2014: $4,756,808Liabilities 2014: $4,423,674Net Assets 2014: $333,1342014Assets 2015: $4,643,604Liabilities 2015: $4,300,522Net Assets 2015: $343,0822015Assets 2016: $4,552,070Liabilities 2016: $4,176,528Net Assets 2016: $375,5422016Assets 2017: $4,596,367Liabilities 2017: $4,121,467Net Assets 2017: $474,9002017Assets 2018: $4,482,014Liabilities 2018: $4,095,552Net Assets 2018: $386,4622018Assets 2019: $7,063,035Liabilities 2019: $6,628,908Net Assets 2019: $434,1272019Assets 2020: $6,815,175Liabilities 2020: $6,388,410Net Assets 2020: $426,7652020Assets 2021: $6,837,206Liabilities 2021: $6,162,201Net Assets 2021: $675,0052021Assets 2022: $6,565,111Liabilities 2022: $5,933,604Net Assets 2022: $631,5072022Assets 2023: $6,439,053Liabilities 2023: $5,840,583Net Assets 2023: $598,4702023Assets 2024: $6,093,809Liabilities 2024: $5,467,120Net Assets 2024: $626,6892024Assets 2025: $6,072,178Liabilities 2025: $5,241,115Net Assets 2025: $831,0632025

Highlighted filing

2015

Assets$4,643,604
Liabilities$4,300,522
Net Assets$343,082
Open 2015 Filing

Operations Trend

Revenue Growth74th percentile

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

$1.0M$500K$0-$500KRevenue 2012: $71,001Expenses 2012: $105,527Net Income 2012: -$34,5262012Revenue 2013: $164,616Expenses 2013: $210,706Net Income 2013: -$46,0902013Revenue 2014: $247,652Expenses 2014: $332,513Net Income 2014: -$84,8612014Revenue 2015: $292,879Expenses 2015: $274,940Net Income 2015: $17,9392015Revenue 2016: $294,384Expenses 2016: $261,316Net Income 2016: $33,0682016Revenue 2017: $345,778Expenses 2017: $267,545Net Income 2017: $78,2332017Revenue 2018: $305,716Expenses 2018: $396,088Net Income 2018: -$90,3722018Revenue 2019: $441,554Expenses 2019: $717,888Net Income 2019: -$276,3342019Revenue 2020: $416,040Expenses 2020: $424,604Net Income 2020: -$8,5642020Revenue 2021: $518,560Expenses 2021: $348,311Net Income 2021: $170,2492021Revenue 2022: $425,787Expenses 2022: $335,826Net Income 2022: $89,9612022Revenue 2023: $384,055Expenses 2023: $417,092Net Income 2023: -$33,0372023Revenue 2024: $409,071Expenses 2024: $380,852Net Income 2024: $28,2192024Revenue 2025: $446,702Expenses 2025: $266,269Net Income 2025: $180,4332025

Highlighted filing

2015

Revenue$292,879
Expenses$274,940
Net Income$17,939
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Jan 29, 2016
Return Version
2014v6.0
Gross Receipts
$292,879
Mission and Program Overview

Mission

Raise, distribute and steward funds on behalf of the river valley charter school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,200,132$4,093,395▼ $106,737
Investments in Publicly Traded Securities$503,346$466,599▼ $36,747
Savings and Temporary Cash Investments$13,422$47,363▲ $33,941
Cash and Non-Interest-Bearing Accounts$17,483$29,918▲ $12,435
Pledges and Grants Receivable$7,486$5,929▼ $1,557
Land, Buildings, and Equipment, Net$741$400▼ $341
Total Assets$4,756,808$4,643,604▼ $113,204
Other Assets Total$14,198$0▼ $14,198
Liabilities
Tax Exempt Bond Liabilities$4,413,674$4,296,916▼ $116,758
Grants Payable$10,000--
Accounts Payable and Accrued Expenses-$3,606-
Total Liabilities$4,423,674$4,300,522▼ $123,152
Net Assets / Fund Balance
Unrestricted Net Assets$329,865$330,972▲ $1,107
Temporarily Rstr Net Assets$3,269$12,110▲ $8,841
Total Net Assets Fund Balance$333,134$343,082▲ $9,948
Total Liabilities and Net Assets / Fund Balance$4,756,808$4,643,604▼ $113,204

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$400$23,638$24,038
Investment Program Related Org$4,093,395--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
John GregorioPresident
Alfred LinkVice President
Chris GetzTrustee
Liz FabelTrustee
John LeydonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$95,575
Program Service Revenue
$175,830
Investment Income
$21,474
Other Revenue
$0
All Other Contributions
$91,851
Change in Net Assets
$17,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,879
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-7,991
Total Revenue per Audited Statements
$284,888
Total Revenue per Form 990
$292,879
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$188,301
Grants and Similar Amounts Paid$86,639
Total Fundraising Expense$2,780
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$165,809--$165,809
Grants to Domestic Orgs$86,639--$86,639
Fees for Services Accounting-$12,947-$12,947
Other Expenses-$3,485$1,220$4,705
Office Expenses-$372$1,560$1,932
Information Technology-$1,550-$1,550
Insurance-$1,017-$1,017
Depreciation Depletion$341--$341
Total Functional Expenses$252,789$19,371$2,780$274,940

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
River Valley Charter SchoolNewburyport, MA170(b)(1)(a)(v)Various Programs$81,510
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Developement Finance Agency2012-12-17$4,580,000Purchase of the school's existing facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,580,000-$116,758$128,844

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Tax return is reviewed by the treasurer, with accounting firm consultation, as needed and presented to the foundation's board of directors at the following meeting.”

Form 990, Part VI, Section B, Line 12C

“The foundation reqiures all board members to complete and sign off on the conflict of interest form. All forms are kept on file.”

Form 990, Part VI, Section C, Line 19

“Documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
River Valley Charter School Foundation Inc
EIN
04-3462020
Phone
9784650065
Address
2 PERRY WAY, NEWBURYPORT, MA 01950

Signing Officer

Name
John Leydon
Title
Treasurer
Phone
9784650065
Signed
2016-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Leydon
Formed
2003
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
30

Preparer

Firm
Alexander Aronson Finning & Co Pc
Address
21 EAST MAIN STREET, WESTBORO, MA 01581
Preparer
David Kelleher CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The foundation board of trustees oversees the selection of our auditors. The foundation board meets with the auditors at the conclusion of the audit to review the results. There has been no change to this process in fiscal year 2015.”

Form 990, Part I, Line 6

“Parent volunteers providing fundraising support.”

Financial Statement Notes

PART X, LINE 2:

“The foundation accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the financial statements regarding a tax position taken or expected to be taken in a tax return. The foundation has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the financial statements at june 30, 2015 and 2014.”

Raw XML AppendixShowing 400 of 418 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RIVER VALLEY CHARTER SCHOOL IS A GOVERNMENTAL UNIT CHARTERED BY THE COMMONWEALTH OF MASSACHUSETTS. RIVER VALLEY CHARTER SCHOOL QUALIFIES UNDER SECTION 509(A)(1) AS A GOVERNMENTAL UNIT.
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CAPITAL LEASE OBLIGATION RECEIVABLE
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0292879
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2015 AND 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleI/RecipientTable/CashGrantAmt081510
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)(1)(A)(V)
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IRS990ScheduleI/RecipientTable/RecipientEIN0043456153
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEWBURYPORT
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001950
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0RVCS FOUNDATION RECEIVES AN ACCOUNTING OF ALL GRANT FUND DISBURSEMENTS FROM THE BENEFICIARY. THIS INFORMATION IS MAINTAINED IN SPECIFICALLY DESIGNATED FILES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPEMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE OF THE SCHOOL'S EXISTING FACILITY
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt04580000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0128844
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0116758
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02012
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt04580000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN IS REVIEWED BY THE TREASURER, WITH ACCOUNTING FIRM CONSULTATION, AS NEEDED AND PRESENTED TO THE FOUNDATION'S BOARD OF DIRECTORS AT THE FOLLOWING MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION REQIURES ALL BOARD MEMBERS TO COMPLETE AND SIGN OFF ON THE CONFLICT OF INTEREST FORM. ALL FORMS ARE KEPT ON FILE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION BOARD OF TRUSTEES OVERSEES THE SELECTION OF OUR AUDITORS. THE FOUNDATION BOARD MEETS WITH THE AUDITORS AT THE CONCLUSION OF THE AUDIT TO REVIEW THE RESULTS. THERE HAS BEEN NO CHANGE TO THIS PROCESS IN FISCAL YEAR 2015.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PARENT VOLUNTEERS PROVIDING FUNDRAISING SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART I, LINE 6
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
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IRS990/TotalProgramServiceRevenueAmt0175830
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0175830
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN LEYDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09784650065
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-01-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVER VALLEY CHARTER SCHOOL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0043462020
ReturnHeader/Filer/PhoneNum09784650065

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,643,604
Liabilities
$4,300,522
Net assets
$343,082
Revenue
$292,879
Expenses
$274,940
Net income
$17,939
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$5.24$0.83$0.45$0.27$0.18
2024Detailed filing. Detailed filing data is available for this year.$6.09$5.47$0.63$0.41$0.38$0.03
2023Detailed filing. Detailed filing data is available for this year.$6.44$5.84$0.60$0.38$0.42$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.57$5.93$0.63$0.43$0.34$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.84$6.16$0.68$0.52$0.35$0.17
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.82$6.39$0.43$0.42$0.42$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.06$6.63$0.43$0.44$0.72$0.28
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$4.10$0.39$0.31$0.40$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$4.12$0.47$0.35$0.27$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.55$4.18$0.38$0.29$0.26$0.03
2015Detailed filing. Detailed filing data is available for this year.$4.64$4.30$0.34$0.29$0.27$0.02
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.76$4.42$0.33$0.25$0.33$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.07$4.55$0.52$0.16$0.21$0.05
2012Summary only. Only limited summary data is available for this year.$0.57$0.02$0.55$0.07$0.11$0.03