Civic Intelligence

Riverview Charter School Inc.

990 • Fiscal year 2019 • EIN 26-1932563

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 01, 2020

81 Savannah HighwayBeaufort, SC 29906

(843) 379-0123

Siviq Scores

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

Liabilities / Assets

100th percentile

4.86x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

88th percentile

1.86x

Higher debt load relative to revenue than 88% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

38th percentile

-0.1%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$109,182

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

89th percentile

33%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

60th percentile

7.8%

Faster revenue growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$2,875,728

Up $713,160 (+33%) from 2018

Net Assets

Down

-$11,112,165

Down $5,698 (-0.1%) from 2018

Liabilities

Up

$13,987,893

Up $718,858 (+5.4%) from 2018

Revenue

Up

$7,512,772

Up $546,532 (+7.8%) from 2018

Expenses

Up

$7,518,470

Up $325,230 (+4.5%) from 2018

Net Income

Up

-$5,698

Up $221,302 (+97%) from 2018

Historical Trend

Balance Sheet Trend

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

$40M$20M$0-$20MAssets 2012: $605,376Liabilities 2012: $83,523Net Assets 2012: $521,8532012Assets 2014: $778,895Liabilities 2014: $148,671Net Assets 2014: $630,2242014Assets 2015: $1,135,339Liabilities 2015: $5,361,037Net Assets 2015: -$4,225,6982015Assets 2017: $1,406,680Liabilities 2017: $6,729,815Net Assets 2017: -$5,323,1352017Assets 2018: $2,162,568Liabilities 2018: $13,269,035Net Assets 2018: -$11,106,4672018Assets 2019: $2,875,728Liabilities 2019: $13,987,893Net Assets 2019: -$11,112,1652019Assets 2020: $4,472,578Liabilities 2020: $15,609,300Net Assets 2020: -$11,136,7222020Assets 2021: $5,987,589Liabilities 2021: $16,680,313Net Assets 2021: -$10,692,7242021Assets 2025: $19,196,125Liabilities 2025: $31,604,919Net Assets 2025: -$12,408,7942025

Highlighted filing

2019

Assets$2,875,728
Liabilities$13,987,893
Net Assets-$11,112,165

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $3,838,1642012Revenue 2014: $5,199,825Expenses 2014: $4,910,947Net Income 2014: $288,8782014Revenue 2015: $5,249,668Expenses 2015: $5,354,669Net Income 2015: -$105,0012015Revenue 2017: $5,864,951Expenses 2017: $6,587,841Net Income 2017: -$722,8902017Revenue 2018: $6,966,240Expenses 2018: $7,193,240Net Income 2018: -$227,0002018Revenue 2019: $7,512,772Expenses 2019: $7,518,470Net Income 2019: -$5,6982019Revenue 2020: $7,752,540Expenses 2020: $7,777,097Net Income 2020: -$24,5572020Revenue 2021: $8,932,325Expenses 2021: $8,488,327Net Income 2021: $443,9982021Revenue 2025: $12,065,457Expenses 2025: $12,495,365Net Income 2025: -$429,9082025

Highlighted filing

2019

Revenue$7,512,772
Expenses$7,518,470
Net Income-$5,698
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 1, 2020
Return Version
2018v3.2
Gross Receipts
$7,573,437
Mission and Program Overview

Mission

To provide a meaningful, hands-on learning experience in an active, engaged, and involved school.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$285,854$805,679▲ $519,825
Land, Buildings, and Equipment, Net$123,752$125,864▲ $2,112
Pd in Cap Srpls Land Bldg Eqp Fund$123,752$125,864▲ $2,112
Pledges and Grants Receivable$13,822$0▼ $13,822
Accounts Receivable$8,597$12,638▲ $4,041
Prepaid Expenses and Deferred Charges$10,983$6,544▼ $4,439
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$-11,230,219$-11,238,029▼ $7,810
Total Assets$2,162,568$2,875,728▲ $713,160
Other Assets Total$1,719,560$1,925,003▲ $205,443
Liabilities
Other Liabilities$13,019,719$13,748,503▲ $728,784
Accounts Payable and Accrued Expenses$213,149$199,947▼ $13,202
Deferred Revenue$36,167$39,443▲ $3,276
Total Liabilities$13,269,035$13,987,893▲ $718,858
Net Assets / Fund Balance
Total Net Assets Fund Balance$-11,106,467$-11,112,165▼ $5,698
Total Liabilities and Net Assets / Fund Balance$2,162,568$2,875,728▲ $713,160

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$112,278$496,136$608,414
Leasehold Improvements$13,586$8,918$22,504
Other Assets Org$39,246--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alison ThomsonSchool DirectorFT$98,187$10,995$109,182

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$6,837,359
Program Service Revenue
$574,989
Investment Income
$0
Other Revenue
$100,424
All Other Contributions
$64,398
Change in Net Assets
$-5,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,512,772
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$60,665
Total Revenue per Audited Statements
$7,573,437
Total Revenue per Form 990
$7,512,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,742,428
Other Expenses$1,776,042
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,107,466$432,237-$3,539,703
Pension Plan Contributions$1,102,611$192,704-$1,295,315
Occupancy-$904,104-$904,104
Other Employee Benefits$448,025$55,329-$503,354
Payroll Taxes$252,044$42,830-$294,874
Current Officers, Directors, Trustees, and Key Employees-$109,182-$109,182
Depreciation Depletion$30,368$22,555-$52,923
Fees for Services Other-$48,265-$48,265
Insurance$367$30,939-$31,306
Other Expenses$140,881$23,719-$23,719
Advertising-$20,109-$20,109
Fees for Services Legal-$15,587-$15,587
Fees for Services Accounting-$15,500-$15,500
Total Functional Expenses$5,541,137$1,977,333$0$7,518,470

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,579,135
Expenses per Audited Statements$7,518,470
Total Expenses per Form 990$7,518,470
Expenses Not Reported on Form 990$60,665
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$161,089
Fundraising Direct Expenses$60,665
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Twilight Run$161,089$161,089$60,665$100,424
Total Events$161,089$161,089$60,665$100,424
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$7,160,840
Opeb Liability$5,763,177
Deferred Inflows Related to Pensions$818,525
Due to Other Governmental Units$5,961
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

Draft of 990 is forwarded to the board chair. The board chair reviews the 990. The preparer then sends a copy to the board chair for filing verification.

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

This policy is solicited annually and the chairman reviews the policy with members.

Form 990, Part VI, Section C, Line 19

Governing documents and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Riverview Charter School
EIN
26-1932563
Phone
8433790123
Address
81 SAVANNAH HIGHWAY, BEAUFORT, SC 29906

Signing Officer

Name
Alison Thomas
Title
School Director
Phone
8433790123
Signed
2020-09-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alison Thomas
Formed
2008
Legal Domicile
Sc
Voting Board Members
11
Independent Board Members
11
Employees
119
Volunteers
150

Preparer

Firm
Mccay Kiddy LLC
Address
1156 BOWMAN ROAD SUITE 100-A, MOUNT PLEASANT, SC 29464
Preparer
Melissa a Kiddy CPA Cfe
Phone
8438814477
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

The process has not changed from prior year.

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Direct fundraising expenses

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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/OtherSalariesAndWagesGrp/ProgramServicesAmt03107466
IRS990/OtherSalariesAndWagesGrp/TotalAmt03539703
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt042830
IRS990/PayrollTaxesGrp/ProgramServicesAmt0252044
IRS990/PayrollTaxesGrp/TotalAmt0294874
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0123752
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0125864
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0192704
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01102611
IRS990/PensionPlanContributionsGrp/TotalAmt01295315
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013822
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010983
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06544
IRS990/PrincipalOfficerNm0ALISON THOMAS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/BusinessCd4611710
IRS990/ProgramServiceRevenueGrp/Desc0AFTERSCHOOL PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc1FIELD TRIP REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2FOOD SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3STUDENT FEES
IRS990/ProgramServiceRevenueGrp/Desc4OTHER PUPIL ACTIVITIES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0193993
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1161693
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2133242
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt350312
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt423744
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0193993
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1161693
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2133242
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt350312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt423744
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06313915
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01710989
IRS990/PYOtherRevenueAmt093949
IRS990/PYProgramServiceRevenueAmt0558376
IRS990/PYRevenuesLessExpensesAmt0-227000
IRS990/PYSalariesCompEmpBnftPaidAmt05482251
IRS990/PYTotalExpensesAmt07193240
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06966240
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-5698
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0574989
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
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/EquipmentGrp/BookValueAmt0112278
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0496136
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0608414
IRS990ScheduleD/ExpensesNotReportedAmt060665
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07518470
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013586
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt08918
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt022504
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt010000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11445678
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2430079
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt339246
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DUE FROM OTHER GOVERNMENTAL UNITS
IRS990ScheduleD/OtherExpensesIncludedAmt060665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07160840
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15763177
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2818525
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt35961
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPEB LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED INFLOWS RELATED TO PENSIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO OTHER GOVERNMENTAL UNITS
IRS990ScheduleD/OtherRevenueAmt060665
IRS990ScheduleD/RevenueNotReportedAmt060665
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07512772
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DIRECT FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT FUNDRAISING EXPENSES
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0125864
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01925003
IRS990ScheduleD/TotalExpensesPerForm990Amt07518470
IRS990ScheduleD/TotalLiabilityAmt013748503
IRS990ScheduleD/TotalRevenuePerForm990Amt07512772
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07573437
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07579135
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE RACIALLY NONDISCRIMINATORY POLICY IS POSTED ON THE SCHOOL'S WEBSITE, IN THE SCHOOL'S CHARTER, AND ON STUDENT APPLICATIONS AND JOB POSTINGS, WHICH ARE ALL ACCESSIBLE TO THE PUBLIC.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED A SIGNIFICANT PORTION OF ITS SUPPORT FROM GOVERNMENTAL UNITS INCLUDING $6,250,274 FROM BEAUFORT COUNTY SCHOOL DISTRICT IN FISCAL YEAR 2018.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt060665
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0TWILIGHT RUN
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0161089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0161089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0161089
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0161089
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0100424
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt060665
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt060665
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01

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