Civic Intelligence

River Valley Charter School Foundation Inc.

990 • Fiscal year 2021 • EIN 04-3462020

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 29, 2022

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

91st percentile

0.90x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

11.88x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

76th percentile

33%

Higher net margin than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

25th percentile

0.3%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

25%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$6,837,206

Up $22,031 (+0.3%) from 2020

Net Assets

Up

$675,005

Up $248,240 (+58%) from 2020

Liabilities

Down

$6,162,201

Down $226,209 (-3.5%) from 2020

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin76th percentile

Revenue

Up

$518,560

Up $102,520 (+25%) from 2020

Expenses

Down

$348,311

Down $76,293 (-18%) from 2020

Net Income

Up

$170,249

Up $178,813 (+2088%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth25th 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

2021

Assets$6,837,206
Liabilities$6,162,201
Net Assets$675,005
Open 2021 Filing

Operations Trend

Revenue Growth65th 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

2021

Revenue$518,560
Expenses$348,311
Net Income$170,249
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 29, 2022
Return Version
2020v4.2
Gross Receipts
$594,203
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$3,224,681$3,136,025▼ $88,656
Land, Buildings, and Equipment, Net$3,122,169$2,986,441▼ $135,728
Investments in Publicly Traded Securities$390,731$496,943▲ $106,212
Savings and Temporary Cash Investments$64,106$207,372▲ $143,266
Cash and Non-Interest-Bearing Accounts$12,375$10,425▼ $1,950
Total Assets$6,815,175$6,837,206▲ $22,031
Other Assets Total$1,113$0▼ $1,113
Liabilities
Tax Exempt Bond Liabilities$3,224,681$3,136,025▼ $88,656
Deferred Revenue$3,163,729$3,026,176▼ $137,553
Total Liabilities$6,388,410$6,162,201▼ $226,209
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$413,061$661,301▲ $248,240
Net Assets With Donor Restrictions$13,704$13,704→ $0
Total Net Assets Fund Balance$426,765$675,005▲ $248,240
Total Liabilities and Net Assets / Fund Balance$6,815,175$6,837,206▲ $22,031

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,986,441$1,363,999$4,350,440
Equipment$0$16,180$16,180
Leasehold Improvements$0$7,858$7,858
Investment Program Related Org$3,136,025--
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Scott MacdonaldPresident
Christine GetzTrustee
Deidre CaseyTrustee
Denise HerreraTrustee
John GregorioTrustee
Liz FabelTrustee
Lydia PollardTrustee
Jennifer TramontanaTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$228,612
Program Service Revenue
$257,015
Investment Income
$32,933
Other Revenue
$0
All Other Contributions
$228,612
Change in Net Assets
$170,249
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$285,574
Grants and Similar Amounts Paid$62,737
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$135,728--$135,728
Interest$119,462--$119,462
Grants to Domestic Orgs$62,737--$62,737
Fees for Services Accounting-$21,558-$21,558
Fees for Service Investment Mgmnt Fees-$4,451-$4,451
Other Expenses-$1,841-$1,841
Insurance-$1,732-$1,732
Office Expenses-$802-$802
Total Functional Expenses$317,927$30,384$0$348,311
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
River Valley Charter SchoolNewburyport, MA170(b)(1)(a)(v)Various Programs and Capital Improvements$62,737
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 Agency2018-09-12$3,372,000Refinance of prior indebtedness

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$3,372,000$3,372,000$235,975$87,034

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
Yes
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 35% controlled entity
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
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 11B

“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 on an annual basis. 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
EIN
04-3462020
Phone
9784650065
Address
2 PERRY WAY, NEWBURYPORT, MA 01950

Signing Officer

Name
Scott Macdonald
Title
President
Phone
9784650065
Signed
2022-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Macdonald
Formed
2003
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
20

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, 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 the fiscal year 2021.”

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, 2021. The foundation's information returns are subject to examination by the federal and state jurisdictions.”

Raw XML AppendixShowing 400 of 449 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RAISE, DISTRIBUTE AND STEWARD FUNDS ON BEHALF OF THE RIVER VALLEY CHARTER SCHOOL.
IRS990/AllOtherContributionsAmt0228612
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SCOTT MACDONALD
IRS990/BooksInCareOfDetail/PhoneNum09784650065
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02 PERRY WAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEWBURYPORT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001950
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt012375
IRS990/CashNonInterestBearingGrp/EOYAmt010425
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0228612
IRS990/CYGrantsAndSimilarPaidAmt062737
IRS990/CYInvestmentIncomeAmt032933
IRS990/CYOtherExpensesAmt0285574
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0257015
IRS990/CYRevenuesLessExpensesAmt0170249
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0348311
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0518560
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03163729
IRS990/DeferredRevenueGrp/EOYAmt03026176
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0135728
IRS990/DepreciationDepletionGrp/TotalAmt0135728
IRS990/Desc0RAISE, DISTRIBUTE AND STEWARD FUNDS ON BEHALF OF THE RIVER VALLEY CHARTER SCHOOL.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt013704
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt013704
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt0317927
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021558
IRS990/FeesForServicesAccountingGrp/TotalAmt021558
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt04451
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt04451
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0SCOTT MACDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm1JENNIFER TRAMONTANA
IRS990/Form990PartVIISectionAGrp/PersonNm2LYDIA POLLARD
IRS990/Form990PartVIISectionAGrp/PersonNm3DENISE HERRERA
IRS990/Form990PartVIISectionAGrp/PersonNm4CHRISTINE GETZ
IRS990/Form990PartVIISectionAGrp/PersonNm5DEIDRE CASEY
IRS990/Form990PartVIISectionAGrp/PersonNm6LIZ FABEL
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN GREGORIO
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt029549
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt062737
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt062737
IRS990/GrantsToDomesticOrgsGrp/TotalAmt062737
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0105192
IRS990/GrossReceiptsAmt0594203
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01732
IRS990/InsuranceGrp/TotalAmt01732
IRS990/InterestGrp/ProgramServicesAmt0119462
IRS990/InterestGrp/TotalAmt0119462
IRS990/InvestmentIncomeGrp/ExclusionAmt03384
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03384
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt03224681
IRS990/InvestmentsProgramRelatedGrp/EOYAmt03136025
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0390731
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0496943
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01388037
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03122169
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02986441
IRS990/LandBldgEquipCostOrOtherBssAmt04374478
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt075643
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RAISE, DISTRIBUTE AND STEWARD FUNDS ON BEHALF OF THE RIVER VALLEY CHARTER SCHOOL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0426765
IRS990/NetAssetsOrFundBalancesEOYAmt0675005
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt029549
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt029549
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt077991
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0413061
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0661301
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0802
IRS990/OfficeExpensesGrp/TotalAmt0802
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01113
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01841
IRS990/OtherExpensesGrp/TotalAmt01841
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT MACDONALD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900090
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LEASE INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0137553
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1119462
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0137553
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1119462
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0154783
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0105025
IRS990/PYInvestmentIncomeAmt0586
IRS990/PYOtherExpensesAmt0319579
IRS990/PYOtherRevenueAmt070
IRS990/PYProgramServiceRevenueAmt0260601
IRS990/PYRevenuesLessExpensesAmt0-8564
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0424604
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0416040
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0170249
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0257015
IRS990/SavingsAndTempCashInvstGrp/BOYAmt064106
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0207372
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd01
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
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.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 2:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043456153
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt062737
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RIVER VALLEY CHARTER SCHOOL
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt062737
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02986441
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01363999
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04350440
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016180
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016180
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03136025
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CAPITAL LEASE OBLIGATION RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt07858
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07858
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, 2021. THE FOUNDATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02986441
IRS990ScheduleD/TotalBookValueProgramRltdAmt03136025
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt062737
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170(B)(1)(A)(V)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VARIOUS PROGRAMS AND CAPITAL IMPROVEMENTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0RIVER VALLEY CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0043456153
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02 PERRY WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEWBURYPORT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
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
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-09-12
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0NONEAVAIL
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt03372000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPEMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0REFINANCE OF PRIOR INDEBTEDNESS
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt087034
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt03372000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt0235975
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02018
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt03372000
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 ON AN ANNUAL BASIS. 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 THE FISCAL YEAR 2021.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt03224681
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt03136025
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06815175
IRS990/TotalAssetsEOYAmt06837206
IRS990/TotalAssetsGrp/BOYAmt06815175
IRS990/TotalAssetsGrp/EOYAmt06837206
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0228612
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030384
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317927
IRS990/TotalFunctionalExpensesGrp/TotalAmt0348311
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06388410
IRS990/TotalLiabilitiesEOYAmt06162201
IRS990/TotalLiabilitiesGrp/BOYAmt06388410
IRS990/TotalLiabilitiesGrp/EOYAmt06162201
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0426765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0675005
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0317927
IRS990/TotalProgramServiceRevenueAmt0257015
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt032933
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0257015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0518560
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,837,206
Liabilities
$6,162,201
Net assets
$675,005
Revenue
$518,560
Expenses
$348,311
Net income
$170,249
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
2021Detailed filing. Detailed filing data is available for this year.$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
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $5M-$10M nonprofits