Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
River Vale Educational Fund Inc.
990 • Fiscal year 2019 • EIN 11-3830615
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.36x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
58th percentile
Higher net margin than 58% of similar nonprofits.
Top Officer Pay
34th percentile
Higher top officer pay than 34% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
80th percentile
Faster asset growth than 80% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Up$1,363,817
Up $276,883 (+25%) from 2018
Net Assets
Up$866,816
Up $91,043 (+12%) from 2018
Liabilities
Up$497,001
Up $185,840 (+60%) from 2018
Revenue And Expenses
Revenue
Up$1,467,474
Up $171,971 (+13%) from 2018
Expenses
Down$1,376,431
Down $26,867 (-1.9%) from 2018
Net Income
Up$91,043
Up $198,838 (+184%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2018 to Jun 30, 2019
- Signed
- Dec 2, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $1,469,838
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.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $698,608 | $810,573 | ▲ $111,965 |
| Cash and Non-Interest-Bearing Accounts | $368,398 | $527,854 | ▲ $159,456 |
| Prepaid Expenses and Deferred Charges | $18,861 | $21,248 | ▲ $2,387 |
| Land, Buildings, and Equipment, Net | $1,067 | $3,192 | ▲ $2,125 |
| Total Assets | $1,086,934 | $1,363,817 | ▲ $276,883 |
| Other Assets Total | $0 | $950 | ▲ $950 |
| Liabilities | |||
| Other Liabilities | $169,459 | $190,741 | ▲ $21,282 |
| Deferred Revenue | $102,848 | $154,375 | ▲ $51,527 |
| Accounts Payable and Accrued Expenses | $38,854 | $151,885 | ▲ $113,031 |
| Total Liabilities | $311,161 | $497,001 | ▲ $185,840 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $775,773 | $866,816 | ▲ $91,043 |
| Total Net Assets Fund Balance | $775,773 | $866,816 | ▲ $91,043 |
| Total Liabilities and Net Assets / Fund Balance | $1,086,934 | $1,363,817 | ▲ $276,883 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $3,192 | $2,040 | $5,232 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Mr John Puccio | President |
| Mr Mark Sheehy | Vice President |
| Mr Kenneth Veit | Trustee |
| Mr Peter Ajalat | Trustee |
| Mr Rory Mccourt | Trustee |
| Mr Thomas Gallione | Trustee |
| Mrs Kelly Ippolito | Trustee |
| Ms Lorraine Waldes | Trustee |
| Ms Heidi Markell | Secretary |
| Mrs Kim Terjanian | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $2,571
- Program Service Revenue
- $1,453,053
- Investment Income
- $13,290
- Other Revenue
- $-1,440
- All Other Contributions
- $2,571
- Change in Net Assets
- $91,043
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $1,467,474
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $2,364
- Total Revenue per Audited Statements
- $1,469,838
- Total Revenue per Form 990
- $1,467,474
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $795,660 |
| Grants and Similar Amounts Paid | $325,854 |
| Other Expenses | $254,917 |
| Total Fundraising Expense | $20,121 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $684,416 | $25,500 | $9,562 | $719,478 |
| Grants to Domestic Orgs | $325,854 | - | - | $325,854 |
| Payroll Taxes | $73,540 | $1,651 | $991 | $76,182 |
| Insurance | $60,638 | - | - | $60,638 |
| Office Expenses | $23,599 | $14,160 | $9,439 | $47,198 |
| Occupancy | $33,755 | - | - | $33,755 |
| Other Expenses | $11,698 | - | - | $11,698 |
| Fees for Services Accounting | $2,550 | $5,950 | - | $8,500 |
| Conferences and Meetings | $6,970 | - | - | $6,970 |
| Fees for Services Management | $3,770 | $495 | - | $4,265 |
| Depreciation Depletion | $322 | $194 | $129 | $645 |
| Total Functional Expenses | $1,308,360 | $47,950 | $20,121 | $1,376,431 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,378,795 |
| Expenses per Audited Statements | $1,376,431 |
| Total Expenses per Form 990 | $1,376,431 |
| Expenses Not Reported on Form 990 | $2,364 |
| Expenses Not Reported on Financial Statements | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| River Vale Board of Education | River Vale, NJ | - | Income 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. | $325,854 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $2,364 |
| Fundraising Gross Income | $924 |
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Due to School Districts | $190,741 |
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
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11B
“River vale educational fund, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organizations governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed prior to the return being finalized and approved for filing.”
Form 990, Part VI, Section B, Line 12C
“River 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.”
Form 990, Part VI, Section C, Line 19
“The 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.”
Filing and Contact Details
Filer
- Filer Name
- River Vale Educational Fund Inc
- EIN
- 11-3830615
- Phone
- 8623450477
- Address
- 801 RIVER VALE ROAD, RIVER VALE, NJ 07675
Signing Officer
- Name
- John Puccio
- Title
- President
- Phone
- 8623450477
- Signed
- 2019-12-02
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- John Puccio
- Formed
- 2007
- Legal Domicile
- Nj
- Voting Board Members
- 10
- Independent Board Members
- 10
- Employees
- 54
- Volunteers
- 10
Preparer
- Firm
- Nisivoccia Llp
- Address
- 200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
- Preparer
- Chris Perrotta CPA
- Phone
- 9733281825
Supplemental Narrative
Additional Explanations
FORM 990, PART XII, LINE 2C:
“No change from prior year.”
Financial Statement Notes
PART X, LINE 2:
“The fund is a not-for-profit organization as described in section 501(c)(3) of the internal revenue code and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. The fund is also exempt under title 15 of the state of new jersey, corporations and associations not-for-profit act. Accordingly, no provision for federal or state income tax has been presented in the accompanying financial statements. The fund follows the provisions of fasb asc, 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 year ended june 30, 2019. 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 files 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. The fund is subject to examination within certain statutorily defined periods from the latest filing date for federal and state of new jersey.”
PART XI, LINE 2D - OTHER ADJUSTMENTS:
“Fundraising direct expense 2,364.”
PART XII, LINE 2D - OTHER ADJUSTMENTS:
“Fundraising direct expense 2,364.”
Raw XML AppendixShowing 400 of 463 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/ActivityOrMissionDesc | 0 | 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. |
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| IRS990/Desc | 0 | THE 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/LandBldgEquipCostOrOtherBssAmt | 0 | 5232 |
| IRS990/LegalDomicileStateCd | 0 | NJ |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 775773 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 866816 |
| IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt | 0 | -1440 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | -1440 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ProgramServicesAmt | 0 | 33755 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 33755 |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 9439 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 14160 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 23599 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 47198 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 0 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 950 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | FOOD AND SNACKS |
| IRS990/OtherExpensesGrp/Desc | 1 | FIELD TRIPS |
| IRS990/OtherExpensesGrp/Desc | 2 | PROGRAM SUPPLIES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 59257 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 21991 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 11698 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 59257 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 21991 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 11698 |
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| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 190741 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 9562 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 25500 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 684416 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 719478 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 991 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 1651 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 73540 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 76182 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 18861 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 21248 |
| IRS990/PrincipalOfficerNm | 0 | JOHN PUCCIO |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | BEFORE AND AFTER CARE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1453053 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 1453053 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | SCHOOL DISTRICT GRANTS - THE RVEF BOARD MEMBERS DESIGNATE, DISCUSS, VOTE AND APPROVE WHICH DONATIONS ARE MADE AND TO WHICH SCHOOL. GENERALLY, A DONATION WILL BE MADE TO BOTH GRAMMAR SCHOOLS AT ONCE OR TO THE MIDDLE SCHOOL. THE BOARD MEMBERS DETERMINE WHAT INVESTMENTS TO MAKE WITH NO INPUT FROM TEACHERS OR STAFF MEMBERS. GRANTS, ON THE OTHER HAND, ARE DRIVEN INITIALLY BY APPLICATIONS COMPLETED BY THE STAFF. THE RVEF GRANT COMMITTEE THEN REVIEWS ALL GRANTS APPLICATIONS COMPLETED AND DETERMINES WHICH ONES SHOULD BE BROUGHT TO THE RVEF BOARD MEMBERS FOR FINAL CONSIDERATION. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 325854 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 325854 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 6528 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 476947 |
| IRS990/PYInvestmentIncomeAmt | 0 | 7830 |
| IRS990/PYOtherExpensesAmt | 0 | 275010 |
| IRS990/PYOtherRevenueAmt | 0 | 0 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 1281145 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -107795 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 651341 |
| IRS990/PYTotalExpensesAmt | 0 | 1403298 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1295503 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 91043 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 1453053 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 698608 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 810573 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 2571 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 6528 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 11293 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 10243 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 56365 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 87000 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 13290 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 7830 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4340 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 2509 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1609 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 29578 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 1453053 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 1281145 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1176853 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1043746 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 850642 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 5805439 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 13290 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 7830 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 4340 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt | 0 | 2509 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt | 0 | 1609 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 29578 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00500 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00320 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99500 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99680 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 5892439 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 1455624 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 1287673 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1188146 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1053989 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 907007 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 5892439 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 1468914 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 1295503 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1192486 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 1056498 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 908616 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 5922017 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 3192 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 2040 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 5232 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 2364 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1376431 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 2364 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 190741 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO SCHOOL DISTRICTS |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 2364 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 2364 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1467474 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | THE FUND IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FUND IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FUND FOLLOWS THE PROVISIONS OF FASB ASC, 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 YEAR ENDED JUNE 30, 2019. 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 FILES 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. THE FUND IS SUBJECT TO EXAMINATION WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND STATE OF NEW JERSEY. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | FUNDRAISING DIRECT EXPENSE 2,364. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 2 | FUNDRAISING DIRECT EXPENSE 2,364. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | PART XII, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3192 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1376431 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 190741 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1467474 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1469838 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1378795 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/RecipientTable/CashGrantAmt | 0 | 325854 |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | INCOME 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/RecipientBusinessName/BusinessNameLine1Txt | 0 | RIVER VALE BOARD OF EDUCATION |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 226002262 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 609 WESTWOOD AVE |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | RIVER VALE |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 07675 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | TEACHER GRANTS ARE REVIEWED AND APPROVED BY THE GRANTS COMMITTEE PRIOR TO SUBMISSION TO THE FULL RVEF BOARD. THE RVEF BOARD THEN VOTES ON AND APPROVES THOSE GRANTS WHICH WILL BE AWARDED. THE RVEF BOARD WILL DISCUSS, VOTE AND APPROVE ANY LARGER INVESTMENT TO BE DONATED. A "RVED FUND INVESTMENT" FILE IS MAINTAINED AND UPDATED REGULARLY. THIS FILE IS KEPT AT THE RVED FUND OFFICE. THE RVEF BOARD MEMBERS DESIGNATE, DISCUSS, VOTE AND APPROVE WHICH DONATIONS ARE MADE AND TO WHICH SCHOOL. GENERALLY, A DONATION WILL BE MADE TO BOTH GRAMMAR SCHOOLS AT ONCE OR TO THE MIDDLE SCHOOL. THE BOARD MEMBERS DETERMINE WHAT INVESTMENTS TO MAKE WITH NO INPUT FROM TEACHERS OR STAFF MEMBERS. GRANTS, ON THE OTHER HAND, ARE DRIVEN INITIALLY BY APPLICATIONS COMPLETED BY THE STAFF. THE RVEF GRANT COMMITTEE THEN REVIEWS ALL GRANTS APPLICATIONS COMPLETED AND DETERMINES WHICH ONES SHOULD BE BROUGHT TO THE RVEF BOARD MEMBERS FOR FINAL CONSIDERATION. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | RIVER VALE EDUCATIONAL FUND, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | RIVER 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/SupplementalInformationDetail/ExplanationTxt | 2 | THE 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/SupplementalInformationDetail/ExplanationTxt | 3 | NO CHANGE FROM PRIOR YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XII, LINE 2C: |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1086934 |
| IRS990/TotalAssetsEOYAmt | 0 | 1363817 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1086934 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1363817 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
| IRS990/TotalContributionsAmt | 0 | 2571 |
| IRS990/TotalEmployeeCnt | 0 | 54 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 20121 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 47950 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 1308360 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1376431 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 311161 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 497001 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 311161 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 497001 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $1,363,817
- Liabilities
- $497,001
- Net assets
- $866,816
- Revenue
- $1,467,474
- Expenses
- $1,376,431
- Net income
- $91,043