Civic Intelligence

Riverdale Country School Inc

EIN 13-1740483 • 501(c)3 • Bronx, NY

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Linked School Profile

Riverdale Country School

Bronx, NY • private

Profile

Riverdale country school is a pre-k through grade 12 independent school in new york city committed to empowering lifelong learners by developing minds, building character, and creating community in order to change our world for the good.

5250 Fieldston RoadBronx, NY 10471

www.riverdale.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.42x

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

501(c)3 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

74th percentile

1.09x

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

501(c)3 • $100M-$250M nonprofits • Source year 2023

Net Margin

45th percentile

2.6%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$683,441

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

37th percentile

2.8%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

54th percentile

8.3%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$256,217,038

Up $6,500,778 (+2.6%) from 2023

Liabilities

Down

$101,072,316

Down $2,636,069 (-2.5%) from 2023

Net Assets

Up

$155,144,722

Up $9,136,847 (+6.3%) from 2023

Operations
Liabilities / Revenue74th percentileNet Margin45th percentile

Revenue

Up

$98,004,730

Up $3,204,859 (+3.4%) from 2023

Expenses

Up

$95,285,890

Up $2,996,918 (+3.2%) from 2023

Net Income

Up

$2,718,840

Up $207,941 (+8.3%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0Assets 2010: $145,512,845Liabilities 2010: $65,279,140Net Assets 2010: $80,233,7052010Assets 2011: $157,330,603Liabilities 2011: $67,176,984Net Assets 2011: $90,153,6192011Assets 2012: $147,470,889Liabilities 2012: $60,512,534Net Assets 2012: $86,958,3552012Assets 2013: $167,080,151Liabilities 2013: $62,654,184Net Assets 2013: $104,425,9672013Assets 2014: $181,275,817Liabilities 2014: $64,036,508Net Assets 2014: $117,239,3092014Assets 2015: $188,515,522Liabilities 2015: $64,925,634Net Assets 2015: $123,589,8882015Assets 2016: $194,789,260Liabilities 2016: $72,524,001Net Assets 2016: $122,265,2592016Assets 2017: $226,603,597Liabilities 2017: $94,651,963Net Assets 2017: $131,951,6342017Assets 2018: $232,339,024Liabilities 2018: $96,390,003Net Assets 2018: $135,949,0212018Assets 2019: $238,932,837Liabilities 2019: $100,755,375Net Assets 2019: $138,177,4622019Assets 2020: $230,702,058Liabilities 2020: $94,754,427Net Assets 2020: $135,947,6312020Assets 2021: $247,467,239Liabilities 2021: $103,227,548Net Assets 2021: $144,239,6912021Assets 2022: $242,986,114Liabilities 2022: $105,722,706Net Assets 2022: $137,263,4082022Assets 2023: $249,716,260Liabilities 2023: $103,708,385Net Assets 2023: $146,007,8752023Assets 2024: $256,217,038Liabilities 2024: $101,072,316Net Assets 2024: $155,144,7222024

Highlighted filing

2024

Assets$256,217,038
Liabilities$101,072,316
Net Assets$155,144,722
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $46,496,3312010Expenses 2011: $50,239,3492011Expenses 2012: $53,781,3162012Revenue 2013: $68,846,532Expenses 2013: $55,807,048Net Income 2013: $13,039,4842013Revenue 2014: $65,090,282Expenses 2014: $57,734,776Net Income 2014: $7,355,5062014Revenue 2015: $69,090,611Expenses 2015: $62,653,292Net Income 2015: $6,437,3192015Revenue 2016: $68,215,465Expenses 2016: $67,728,539Net Income 2016: $486,9262016Revenue 2017: $75,964,694Expenses 2017: $70,315,890Net Income 2017: $5,648,8042017Revenue 2018: $75,055,069Expenses 2018: $74,010,450Net Income 2018: $1,044,6192018Revenue 2019: $78,227,958Expenses 2019: $77,101,128Net Income 2019: $1,126,8302019Revenue 2020: $78,624,155Expenses 2020: $79,137,927Net Income 2020: -$513,7722020Revenue 2021: $82,826,277Expenses 2021: $83,079,453Net Income 2021: -$253,1762021Revenue 2022: $87,506,636Expenses 2022: $87,941,887Net Income 2022: -$435,2512022Revenue 2023: $94,799,871Expenses 2023: $92,288,972Net Income 2023: $2,510,8992023Revenue 2024: $98,004,730Expenses 2024: $95,285,890Net Income 2024: $2,718,8402024

Highlighted filing

2024

Revenue$98,004,730
Expenses$95,285,890
Net Income$2,718,840
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$256,217,038
Liabilities
$101,072,316
Net assets
$155,144,722
Revenue
$98,004,730
Expenses
$95,285,890
Net income
$2,718,840
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$256$101$155$98.0$95.3$2.72
2023Detailed filing. Detailed filing data is available for this year.$250$104$146$94.8$92.3$2.51
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$243$106$137$87.5$87.9$0.44
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$247$103$144$82.8$83.1$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$231$94.8$136$78.6$79.1$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$239$101$138$78.2$77.1$1.13
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$232$96.4$136$75.1$74.0$1.04
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$227$94.7$132$76.0$70.3$5.65
2016Detailed filing. Detailed filing data is available for this year.$195$72.5$122$68.2$67.7$0.49
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$189$64.9$124$69.1$62.7$6.44
2014Detailed filing. Detailed filing data is available for this year.$181$64.0$117$65.1$57.7$7.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$167$62.7$104$68.8$55.8$13.0
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$147$60.5$87.0$53.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$157$67.2$90.2$50.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$65.3$80.2$46.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 2, 2025
Return Version
2023v6.0
Gross Receipts
$130,257,464
Mission and Program Overview

Mission

Riverdale country school is a pre-k through grade 12 independent school in new york city committed to empowering lifelong learners by developing minds, building character, and creating community in order to change our world for the good.

Riverdale country school is a pre-k through grade 12 independent school in new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$122,842,803$122,819,835▼ $22,968
Savings and Temporary Cash Investments$52,792,225$56,163,482▲ $3,371,257
Investments Other Securities$32,905,795$39,235,715▲ $6,329,920
Investments in Publicly Traded Securities$25,681,765$28,106,968▲ $2,425,203
Cash and Non-Interest-Bearing Accounts$9,505,854$5,291,768▼ $4,214,086
Pledges and Grants Receivable$3,153,587$3,373,853▲ $220,266
Prepaid Expenses and Deferred Charges$2,187,669$688,511▼ $1,499,158
Accounts Receivable$621,521$516,864▼ $104,657
Inventories for Sale or Use$25,041$20,042▼ $4,999
Total Assets$249,716,260$256,217,038▲ $6,500,778
Liabilities
Deferred Revenue$53,823,468$53,620,710▼ $202,758
Tax Exempt Bond Liabilities$41,599,694$39,998,325▼ $1,601,369
Accounts Payable and Accrued Expenses$8,285,223$7,453,281▼ $831,942
Total Liabilities$103,708,385$101,072,316▼ $2,636,069
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,805,318$112,261,539▲ $4,456,221
Net Assets With Donor Restrictions$38,202,557$42,883,183▲ $4,680,626
Total Net Assets Fund Balance$146,007,875$155,144,722▲ $9,136,847
Total Liabilities and Net Assets / Fund Balance$249,716,260$256,217,038▲ $6,500,778

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$113,406,778$61,190,779$174,597,557
Equipment$4,243,432$5,921,689$10,165,121
Land$4,473,167-$4,473,167
Other Land Buildings$696,458$116,691$813,149
Other Securities$39,235,715--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$54,799,567$271,143▲ $8,499,773$1,211,517$62,358,966
2022$29,044,817$772,260▲ $3,305,965$1,534,836$31,588,206
2021$32,478,766$460,674▼ $2,502,012$1,392,611$29,044,817
2020$29,282,876$158,794▲ $4,438,547$1,401,451$32,478,766
2019$29,555,518$555,494▲ $498,855$1,326,991$29,282,876
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dominic RandolphFormer Head of School-$503,576$179,865$683,441
Milton SippHead of Middle SchoolFT$546,788$35,862$582,650
Karena Marta OstremHead of SchoolFT$307,690$162,010$469,700
Daniel Schultz ChiefFinancial Officer Thru Apr. 2024FT$430,816$26,780$457,596
Jenna Rogers King AssocHead of School for External AffairsFT$328,590$68,552$397,142
Kristi MarshallDirector of College CounselingFT$321,652$47,598$369,250
James P DuvalHead of Lower SchoolFT$243,713$94,584$338,297
Michael GalliganDirector of FacilitiesFT$221,510$64,936$286,446
Jonathan KingChief Information & Tech. OfficerFT$256,702$18,724$275,426
Kelley Nicholson-flynn FormerAsst. Head of School for Operations-$216,814$45,303$262,117
Pamela EzellChief Communications OfficerFT$220,200$41,724$261,924
Shelby StokesDean of FacultyFT$219,349$36,110$255,459
Hanifa Barnes Asst HeadOf School for Strategy & OperationsFT$183,408$40,062$223,470
Thomas E TaylorFormer Head of Upper School-$135,103$30,351$165,454
Ann W GrasingFormer Chief Development Officer-$119,809$8,645$128,454

Board Members and Trustees

NameTitle
Daniel J RosenChair
John a NeuwirthVice Chair
Sandra Kim HoffenVice Chair
Anand MoreTrustee
Anitra HadleyTrustee
Bruce BealTrustee
Chloe EpsteinTrustee
Christopher JamesTrustee
David KabillerTrustee
David RhodesTrustee
Deborah SonnenbergTrustee
Dr Cristian SamperTrustee
Dr Ebby ElahiTrustee
Edem DzubeyTrustee
Gwen AdolphTrustee
John a GriffinTrustee
Joseph T GoldschmidTrustee
Kazumi YanaiTrustee
Marc S LipschultzTrustee
Marc S SternbergTrustee
Philip Waterman IiiTrustee
Renata GarciaTrustee
Rev Dr Mark HostetterTrustee
Roy WeathersTrustee
Tiffany Ellis ButtsTrustee
Vanessa WittmanTrustee
Terri AustinSecretary
David BlitzerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Super Selby Transportation CorporationTransportation Services265 EAST 66TH STREET 3G, New York, NY 10065$1,948,406
KraftrenovationsRepair Services581 RAMAPO VALLEY ROAD, Mahwah, NJ 07430$893,520
Valley Mechanical Services INCHvac Services60 NORTH HARRISON AVENUE 29, Congers, NY 10920$785,131
Mario Bulfamante & Sons LandscapingLandscaping Services75 PORTMAN ROAD, New Rochelle, NY 10801$580,044
Schulte Roth & Zabel LLPLegal Services919 THIRD AVENUE, New York, NY 10022$563,075
Revenue and Support

Revenue Composition

Contributions and Grants
$9,368,179
Program Service Revenue
$84,935,153
Investment Income
$3,338,677
Other Revenue
$362,721
All Other Contributions
$8,605,904
Change in Net Assets
$2,718,840

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded33$346,214Avg. Selling Price
Total Noncash Contributions33$346,214-

Audited Revenue Reconciliation

Revenue per Audited Statements
$85,154,266
Revenue Not Reported on Financial Statements
$12,850,464
Revenue Not Reported on Form 990
$6,673,857
Other Revenue Adjustments
$12,715,922
Total Revenue per Audited Statements
$91,828,123
Total Revenue per Form 990
$98,004,730
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$57,542,136
Other Expenses$25,291,141
Grants and Similar Amounts Paid$12,452,613
Total Fundraising Expense$1,681,696
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$40,921,956$1,994,358$926,351$43,842,665
Grants to Domestic Individuals$12,452,613--$12,452,613
Depreciation Depletion$4,854,111$411,370$43,766$5,309,247
Other Employee Benefits$4,058,278$202,991$92,904$4,354,173
Payroll Taxes$3,163,914$163,193$74,690$3,401,797
Office Expenses$2,008,676$1,197,480$60,815$3,266,971
Pension Plan Contributions$2,903,730$149,772$68,547$3,122,049
Current Officers, Directors, Trustees, and Key Employees$2,631,202$129,014$59,791$2,820,007
Occupancy$780,456$1,491,269$12,752$2,284,477
All Other Expenses$1,049,546$795,698$4,017$1,849,261
Fees for Services Other$1,294,709$427,160$27,725$1,749,594
Travel$1,222,147$26,174-$1,248,321
Insurance$29,546$923,521-$953,067
Other Expenses$939,870$8,752$5,458$939,870
Fees for Services Legal-$598,653-$598,653
Fees for Services Accounting-$329,175-$329,175
Conferences and Meetings$241,076$9,879-$250,955
Fees for Service Investment Mgmnt Fees-$134,542-$134,542
Information Technology$99,117--$99,117
Advertising-$46,171-$46,171
Comp Disqual Persons$1,445--$1,445
Total Functional Expenses$84,376,534$9,227,660$1,681,696$95,285,890

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$95,285,890
Total Expenses per Audited Statements$82,691,276
Expenses per Audited Statements$82,569,525
Expenses Not Reported on Financial Statements$12,716,365
Other Expense Adjustments$12,581,823
Expenses Not Reported on Form 990$121,751
International Activity

International Summary

Offices
0
Employees
0
Spending
$18,014,430

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
Yes
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$18,014,430
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
ABuild Nyc Resource Corporation2015-07-15$51,691,0002011 refunding and construction

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$51,691,000$21,342,679$10,968,969$348,321

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
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
Yes
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

“The school has its form 990 prepared by an outside accounting firm. The form 990 is thoroughly reviewed by the assistant head of school and operations and the finance staff. The form 990 excluding schedule b is then presented to the audit committee and board of trustees before filing with the internal revenue service.”

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

“The school has a written conflict of interest policy that applies to officers, directors or trustees, and key employees who are required to disclose annually any interests that could give rise to conflict. The school regulary and consistently monitors and enforces compliance with the conflict of interest policy. An interest in a matter shall be determined by whether that trustee or officer or a relative (or a company with which such persons are associated) would have an economic interest, either directly or indirectly, in a decision on the matter by the board or committee. If a potential conflict of interest is identified, the board evaluates the matter and decides whether to permit the activity or exclude the individual from discussions or decisions related to the conflict. Additionally, if any issue requiring board decision or approval involves a board member or officer with a vested interest, that individual must promptly disclose the conflict to the board and recuse themselves from all related discussions and voting. Any discussion regarding the conflict of interest transaction is documented in the minutes of the board meetings, reflecting the conflict of interest that was disclosed, the name of the interested person, and the final determination and decision.”

Form 990, Part VI, Section B, Line 15A

“An independent compensation consultant is engaged to evaluate and recommend the head of school's compensation. This process is further reviewed by both the chair of the board and the chair of the finance committee to ensure fairness and transparency. The review was last conducted in fy2024 and documented in an employment agreement.”

Form 990, Part VI, Section C, Line 19

“The school makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request.”

Filing and Contact Details

Filer

Filer Name
Riverdale Country School Inc
EIN
13-1740483
Phone
7185192726
Address
5250 FIELDSTON ROAD, BRONX, NY 10471

Signing Officer

Name
Hanifa Barnes
Title
Asst. Head of School for Str. & Ops
Phone
7185192726
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hanifa Barnes
Formed
1930
Legal Domicile
Ny
Voting Board Members
29
Independent Board Members
28
Employees
607
Volunteers
31

Preparer

Firm
PKF O'CONNOR DAVIES ADVISORY LLC
Address
500 MAMARONECK AVENUE SUITE 301, HARRISON, NY 10528-1633
Preparer
Melissa Modelson
Phone
9143818900
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Impairment loss on property and equipment -134,099.”

FORM 990, PART XII, LINE 2C:

“The school has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The school's endowments were established to provide enduring support for the advancement of education within the institution, ensuring a legacy of excellence and opportunity for generations to come. In fy 24 (column a), the school reviewed its endowment fund and reclassed the board designated funds into the endowment which resulted in opening balance adjustment of $23,211,361.”

PART X, LINE 2:

“The school recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Management has determined that the school had no uncertain tax positions that would require consolidated financial statement recognition or disclosure. The school is no longer subject to examinations by the applicable taxing jurisdictions for years prior to june 30, 2021.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold reported on part viii, line 10b 74,249. Rental expenses reported on part viii, line 6b 47,502.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid to part ix 12,581,823. Impairment loss on property and equipment 134,099.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold reported on part viii, line 10b 74,249. Rental expenses reported on part viii, line 6b 47,502.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid to part ix 12,581,823.”

Raw XML AppendixShowing 400 of 1,207 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/ActivitiesConductedPrtshpInd00
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IRS990/Desc0FOUNDED IN 1907, RIVERDALE IS SITUATED ON TWO CAMPUSES ENCOMPASSING 27.5 ACRES IN THE RIVERDALE SECTION OF THE BRONX. RIVERDALE IS COMMITTED TO EMPOWERING LIFELONG LEARNERS BY DEVELOPING MINDS, BUILDING CHARACTER, AND CREATING COMMUNITY IN ORDER TO CHANGE OUR WORLD FOR THE GOOD. RIVERDALE IS A VIBRANT COMMUNITY WITH A STUDENT BODY OF APPROXIMATELY 1,300 STUDENTS FROM 117 DIFFERENT ZIP CODES. ABOUT 20% OF OUR STUDENTS RECEIVE NEED-BASED FINANCIAL AID. ONGOING PARTNERSHIPS WITH ORGANIZATIONS THAT IDENTIFY HIGH-ACHIEVING STUDENTS FROM UNDERSERVED COMMUNITIES CONTRIBUTE TO A WIDENING APPLICANT POOL.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HEAD OF SCHOOL

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