Civic Intelligence

River Vale Educational Fund Inc.

990 • Fiscal year 2013 • EIN 11-3830615

Jul 01, 2012 to Jun 30, 2013 • Filed on Apr 28, 2014

Organization ProfileWWW.RVEDFUND.ORG
801 River Vale RoadRiver Vale, NJ 07675
Siviq Scores

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

Liabilities / Assets

63rd percentile

0.12x

Higher debt load relative to assets than 63% of similar nonprofits.

2013 filings • NTEE B • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

63rd percentile

0.07x

Higher debt load relative to revenue than 63% of similar nonprofits.

2013 filings • NTEE B • $500k-$1M nonprofits • Source year 2013

Net Margin

75th percentile

22%

Higher net margin than 75% of similar nonprofits.

2013 filings • NTEE B • $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

87th percentile

63%

Faster asset growth than 87% of similar nonprofits.

2013 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

42nd percentile

2.3%

Faster revenue growth than 42% of similar nonprofits.

2013 filings • NTEE B • $500k-$1M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$433,779

Up $167,353 (+63%) from 2012

Net Assets

Up

$382,943

Up $167,844 (+78%) from 2012

Liabilities

Down

$50,836

Down $491 (-1.0%) from 2012

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin75th percentile

Revenue

Up

$774,047

Up $17,723 (+2.3%) from 2012

Expenses

Down

$606,203

Down $78,847 (-12%) from 2012

Net Income

Up

$167,844

Up $96,570 (+135%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $178,671Liabilities 2011: $34,846Net Assets 2011: $143,8252011Assets 2012: $266,426Liabilities 2012: $51,327Net Assets 2012: $215,0992012Assets 2013: $433,779Liabilities 2013: $50,836Net Assets 2013: $382,9432013Assets 2014: $445,555Liabilities 2014: $83,804Net Assets 2014: $361,7512014Assets 2015: $518,143Liabilities 2015: $120,159Net Assets 2015: $397,9842015Assets 2016: $959,169Liabilities 2016: $302,797Net Assets 2016: $656,3722016Assets 2017: $1,182,173Liabilities 2017: $298,605Net Assets 2017: $883,5682017Assets 2018: $1,086,934Liabilities 2018: $311,161Net Assets 2018: $775,7732018Assets 2019: $1,363,817Liabilities 2019: $497,001Net Assets 2019: $866,8162019Assets 2020: $1,226,863Liabilities 2020: $400,056Net Assets 2020: $826,8072020Assets 2021: $812,665Liabilities 2021: $203,394Net Assets 2021: $609,2712021Assets 2022: $1,586,915Liabilities 2022: $119,836Net Assets 2022: $1,467,0792022Assets 2023: $2,122,346Liabilities 2023: $311,317Net Assets 2023: $1,811,0292023Assets 2024: $2,386,984Liabilities 2024: $262,391Net Assets 2024: $2,124,5932024Assets 2025: $2,627,547Liabilities 2025: $183,018Net Assets 2025: $2,444,5292025

Highlighted filing

2013

Assets$433,779
Liabilities$50,836
Net Assets$382,943
Open 2013 Filing

Operations Trend

Revenue Growth42nd percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $409,744Expenses 2011: $338,295Net Income 2011: $71,4492011Revenue 2012: $756,324Expenses 2012: $685,050Net Income 2012: $71,2742012Revenue 2013: $774,047Expenses 2013: $606,203Net Income 2013: $167,8442013Revenue 2014: $717,969Expenses 2014: $739,161Net Income 2014: -$21,1922014Revenue 2015: $904,400Expenses 2015: $868,167Net Income 2015: $36,2332015Revenue 2016: $1,056,498Expenses 2016: $798,110Net Income 2016: $258,3882016Revenue 2017: $1,185,093Expenses 2017: $957,897Net Income 2017: $227,1962017Revenue 2018: $1,295,503Expenses 2018: $1,403,298Net Income 2018: -$107,7952018Revenue 2019: $1,467,474Expenses 2019: $1,376,431Net Income 2019: $91,0432019Revenue 2020: $1,119,696Expenses 2020: $1,159,705Net Income 2020: -$40,0092020Revenue 2021: $519,469Expenses 2021: $737,005Net Income 2021: -$217,5362021Revenue 2022: $1,721,454Expenses 2022: $863,646Net Income 2022: $857,8082022Revenue 2023: $1,470,005Expenses 2023: $1,130,788Net Income 2023: $339,2172023Revenue 2024: $1,592,294Expenses 2024: $1,281,462Net Income 2024: $310,8322024Revenue 2025: $1,787,055Expenses 2025: $1,469,840Net Income 2025: $317,2152025

Highlighted filing

2013

Revenue$774,047
Expenses$606,203
Net Income$167,844
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Apr 28, 2014
Return Version
2012v2.1
Gross Receipts
$779,713
Mission and Program Overview

Mission

The river vale educational fund (rvef) is a nonprofit organization that operates independent of the board of education. The goal of the rvef is to provide supplementary funding to help maintain the district's commitment to excellence. The river vale educational fund provides privately-raised, non-tax dollar financing that will assist in guaranteeing that the school district will provide the finest education experiences for each and every student.

Major Activities

Activity 2
Journey on saturday is a five (5) week saturday enrichment program offered to the residents of river vale. Classes offered are available to children and teens. The program runs five (5) consecutive saturdays starting on january 5, 2013 and ending on february 2, 2013. The program runs from 9am-12pm and you can register for up to three (3) classes.
Filing and Contact Details

Filer

EIN
11-3830615
Raw XML AppendixShowing 400 of 447 raw XML fields

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IRS990/Activity2/Description0JOURNEY ON SATURDAY IS A FIVE (5) WEEK SATURDAY ENRICHMENT PROGRAM OFFERED TO THE RESIDENTS OF RIVER VALE. CLASSES OFFERED ARE AVAILABLE TO CHILDREN AND TEENS. THE PROGRAM RUNS FIVE (5) CONSECUTIVE SATURDAYS STARTING ON JANUARY 5, 2013 AND ENDING ON FEBRUARY 2, 2013. THE PROGRAM RUNS FROM 9AM-12PM AND YOU CAN REGISTER FOR UP TO THREE (3) CLASSES.
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IRS990/Description0THE A.C.E. BEFORE AND AFTER SCHOOL PROGRAM IS DESIGNED TO SUPERVISE THE STUDENTS OF OUR SCHOOLS IN A CARING AND NURTURING ENVIRONMENT. THIS PROGRAM ALLOWS FOR THE PEACE OF MIND THAT THE CHILDREN ARE BEING WATCHED WITH THE SAME CARE AND MANNER THEY RECEIVE DURING THE SCHOOL DAY. OUR A.C.E. COUNSELORS ARE HIGHLY QUALIFIED; MOST HOLDING A DEGREE IN EDUCATION AND ARE FIRST AID AND CPR CERTIFIED.
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IRS990/MissionDescription0THE RIVER VALE EDUCATIONAL FUND (RVEF) IS A NONPROFIT ORGANIZATION THAT OPERATES INDEPENDENT OF THE BOARD OF EDUCATION. THE GOAL OF THE RVEF IS TO PROVIDE SUPPLEMENTARY FUNDING TO HELP MAINTAIN THE DISTRICTS COMMITMENT TO EXCELLENCE. THE RIVER VALE EDUCATIONAL FUND PROVIDES PRIVATELY-RAISED, NON-TAX DOLLAR FINANCING THAT WILL ASSIST IN GUARANTEEING THAT THE SCHOOL DISTRICT WILL PROVIDE THE FINEST EDUCATION EXPERIENCES FOR EACH AND EVERY STUDENT.
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IRS990ScheduleD/ExpensesSubtotal0606203
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0IN NOVEMBER 2010 THE TAX EXEMPT STATUS OF THE FUND WAS TERMINATED DUE TO NOT FILING THE REQUIRED INFORMATIONAL RETURNS WITH THE INTERNAL REVENUE SERVICE AND THE STATE OF NEW JERSEY. ON MARCH 7, 2014, THE TAX EXEMPT STATUS WAS REINSTATED AND RETROACTIVE AS A SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ALSO TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. THESE DESIGNATIONS MAKE THE FUND EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE CODE AS WELL AS EXEMPT FROM NEW JERSEY STATE INCOME TAX. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FUND FOLLOWS THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE FUND DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2013. HOWEVER, THE FUND IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE FUND BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE FUND WILL BE FILING INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE FOR THE FISCAL YEARS 2011 THROUGH 2013 AS OF THE RESULT OF THE REINSTATEMENT. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN THREE YEARS FROM THE LATEST FILING DATE FOR FEDERAL AND FOUR YEARS FROM THE LATEST FILING DATE FOR NEW JERSEY.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1FUNDRAISING DIRECT EXPENSE 5,666.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2FUNDRAISING DIRECT EXPENSE 5,666.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/OtherExpensesIncluded05666
IRS990ScheduleD/OtherRevenues05666
IRS990ScheduleD/RevenueNotRptdF99005666
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0774047
IRS990ScheduleD/TotalExpensesPerForm9900606203
IRS990ScheduleD/TotalOfBookValueLandBuildings0941
IRS990ScheduleD/TotalRevenuePerForm9900774047
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0611869
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0779713
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine10609 WESTWOOD AVE
IRS990ScheduleI/RecipientTable/AddressUS/City0RIVER VALE
IRS990ScheduleI/RecipientTable/AddressUS/State0NJ
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode007675
IRS990ScheduleI/RecipientTable/AmountOfCashGrant083303
IRS990ScheduleI/RecipientTable/PurposeOfGrant0INCOME AND MONEY RAISED BY THE RIVER VALE EDUCATIONAL FUND ARE INVESTED BACK INTO THE THREE PUBLIC SCHOOLS IN THE DISTRICT. THESE INVESTMENTS INCLUDE, BUT ARE NOT LIMITED TO, TEACHER GRANTS, TECHNOLOGY FOR CLASSROOM ACTIVITIES, FACILITY UPGRADES, LAPTOPS FOR LANGUAGE ART CLASSES AND THE SPONSORSHIP OF SCHOOL RUN PROGRAMS.
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10RIVER VALE BOARD OF EDUCATION
IRS990ScheduleI/RecordsMaintained00
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0RIVER VALE EDUCATION FUND, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. THE IRS FORM 990 IS CIRCULATED AMONG THE BOARD MEMBERS FOR REVIEW AND COMMENT PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE PREPARED FORM 990 AND PROVIDE COMMENTS OR QUESTIONS. ANY QUESTIONS OR COMMENTS ARE BROUGHT TO THE ATTENTION OF MANAGEMENT FOR RESOLUTION BEFORE THE FORM IS FILED. EACH ISSUE RAISED BY THE GOVERNING BODY IS DOCUMENTED AND ADDRESSED BY MANAGEMENT AND A FINALIZED RETURN IS PROVIDED FOR FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1RIVER VALE EDUCATION FUND, INC. HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND RIVER VALE EDUCATION FUND, INC. DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULT OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED AND WILL NOT BE ALLOWED TO VOTE OR BE A PARTY OF ANY DECISIONS ABOUT SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT.
IRS990ScheduleO/GeneralExplanation/Explanation2THE MANAGEMENT OF RIVER VALE EDUCATION FUND, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 801 RIVER VALE ROAD, RIVER VALE, NJ. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 801 RIVER VALE ROAD, RIVER VALE, NJ.
IRS990ScheduleO/GeneralExplanation/Explanation3NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART XII, LINE 2C:
IRS990/ScheduleORequired01
IRS990/School00
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0NJ
IRS990/StatesWhereCopyOfReturnIsFiled0NJ
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10801 RIVER VALE ROAD
IRS990/TheBooksAreInCareOf/AddressUS/City0RIVER VALE
IRS990/TheBooksAreInCareOf/AddressUS/State0NJ
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode007675
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10THE ORGANIZATION
IRS990/TheBooksAreInCareOf/TelephoneNumber08623450477
IRS990/TotalAssets/BOY0266426
IRS990/TotalAssetsBOY0266426
IRS990/TotalAssets/EOY0433779
IRS990/TotalAssetsEOY0433779
IRS990/TotalCompGT150K00
IRS990/TotalContributions011896
IRS990/TotalExpensesCurrentYear0606203
IRS990/TotalExpensesPriorYear0685051
IRS990/TotalFunctionalExpenses/Fundraising011440
IRS990/TotalFunctionalExpenses/ManagementAndGeneral035319
IRS990/TotalFunctionalExpenses/ProgramServices0559444
IRS990/TotalFunctionalExpenses/Total0606203
IRS990/TotalFundrsngExpCurrentYear011440
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY051327
IRS990/TotalLiabilitiesBOY051327
IRS990/TotalLiabilities/EOY050836
IRS990/TotalLiabilitiesEOY050836
IRS990/TotalLiabNetAssetsFundBalances/BOY0266426
IRS990/TotalLiabNetAssetsFundBalances/EOY0433779
IRS990/TotalNbrEmployees025
IRS990/TotalNbrVolunteers09
IRS990/TotalNetAssetsFundBalances/BOY0215099
IRS990/TotalNetAssetsFundBalances/EOY0382943
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00

Document Assets

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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
$433,779
Liabilities
$50,836
Net assets
$382,943
Revenue
$774,047
Expenses
$606,203
Net income
$167,844
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.63$0.18$2.44$1.79$1.47$0.32
2024Detailed filing. Detailed filing data is available for this year.$2.39$0.26$2.12$1.59$1.28$0.31
2023Detailed filing. Detailed filing data is available for this year.$2.12$0.31$1.81$1.47$1.13$0.34
2022Detailed filing. Detailed filing data is available for this year.$1.59$0.12$1.47$1.72$0.86$0.86
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.20$0.61$0.52$0.74$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.40$0.83$1.12$1.16$0.04
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.50$0.87$1.47$1.38$0.09
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.09$0.31$0.78$1.30$1.40$0.11
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.30$0.88$1.19$0.96$0.23
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.30$0.66$1.06$0.80$0.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.52$0.12$0.40$0.90$0.87$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.45$0.08$0.36$0.72$0.74$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.43$0.05$0.38$0.77$0.61$0.17
2012Summary only. Only limited summary data is available for this year.$0.27$0.05$0.22$0.76$0.69$0.07
2011Summary only. Only limited summary data is available for this year.$0.18$0.03$0.14$0.41$0.34$0.07