Civic Intelligence

Rivertree School

990 • Fiscal year 2022 • EIN 26-2633599

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 27, 2023

3733 Vera Cruz Ave NCrystal, MN 55422

(763) 717-8609

Siviq Scores

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

Liabilities / Assets

78th percentile

0.36x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

57th percentile

0.12x

Higher debt load relative to revenue than 57% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

18th percentile

-14%

Higher net margin than 18% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

69th percentile

$101,833

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

7th percentile

-21%

Faster asset growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

20th percentile

-18%

Faster revenue growth than 20% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$490,719

Down $130,599 (-21%) from 2021

Net Assets

Down

$314,066

Down $201,731 (-39%) from 2021

Liabilities

Up

$176,653

Up $71,132 (+67%) from 2021

Revenue

Down

$1,442,539

Down $312,947 (-18%) from 2021

Expenses

Up

$1,644,270

Up $224,190 (+16%) from 2021

Net Income

Down

-$201,731

Down $537,137 (-160%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $259,306Liabilities 2012: $23,484Net Assets 2012: $235,8222012Assets 2013: $267,226Liabilities 2013: $37,982Net Assets 2013: $229,2442013Assets 2014: $249,297Liabilities 2014: $33,896Net Assets 2014: $215,4012014Assets 2015: $215,787Liabilities 2015: $42,394Net Assets 2015: $173,3932015Assets 2016: $229,417Liabilities 2016: $54,678Net Assets 2016: $174,7392016Assets 2017: $244,702Liabilities 2017: $72,236Net Assets 2017: $172,4662017Assets 2018: $252,863Liabilities 2018: $95,823Net Assets 2018: $157,0402018Assets 2019: $440,502Liabilities 2019: $266,699Net Assets 2019: $173,8032019Assets 2020: $801,384Liabilities 2020: $620,993Net Assets 2020: $180,3912020Assets 2021: $621,318Liabilities 2021: $105,521Net Assets 2021: $515,7972021Assets 2022: $490,719Liabilities 2022: $176,653Net Assets 2022: $314,0662022Assets 2023: $492,821Liabilities 2023: $254,279Net Assets 2023: $238,5422023Assets 2024: $636,074Liabilities 2024: $276,912Net Assets 2024: $359,1622024

Highlighted filing

2022

Assets$490,719
Liabilities$176,653
Net Assets$314,066

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $366,2292012Expenses 2013: $578,9182013Revenue 2014: $672,450Expenses 2014: $686,293Net Income 2014: -$13,8432014Revenue 2015: $717,349Expenses 2015: $759,357Net Income 2015: -$42,0082015Revenue 2016: $843,742Expenses 2016: $842,396Net Income 2016: $1,3462016Revenue 2017: $1,049,802Expenses 2017: $1,052,075Net Income 2017: -$2,2732017Revenue 2018: $1,116,947Expenses 2018: $1,132,373Net Income 2018: -$15,4262018Revenue 2019: $1,342,825Expenses 2019: $1,326,062Net Income 2019: $16,7632019Revenue 2020: $1,416,774Expenses 2020: $1,410,186Net Income 2020: $6,5882020Revenue 2021: $1,755,486Expenses 2021: $1,420,080Net Income 2021: $335,4062021Revenue 2022: $1,442,539Expenses 2022: $1,644,270Net Income 2022: -$201,7312022Revenue 2023: $1,708,229Expenses 2023: $1,783,753Net Income 2023: -$75,5242023Revenue 2024: $2,331,394Expenses 2024: $2,210,774Net Income 2024: $120,6202024

Highlighted filing

2022

Revenue$1,442,539
Expenses$1,644,270
Net Income-$201,731
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 27, 2023
Return Version
2021v4.2
Gross Receipts
$1,442,539
Mission and Program Overview

Mission

To provide an education for students in kindergarten through twelfth grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$222,349$229,946▲ $7,597
Land, Buildings, and Equipment, Net$264,253$225,244▼ $39,009
Prepaid Expenses and Deferred Charges$17,754$24,517▲ $6,763
Accounts Receivable$112,743$9,047▼ $103,696
Intangible Assets$705$470▼ $235
Total Assets$621,318$490,719▼ $130,599
Other Assets Total$3,514$1,495▼ $2,019
Liabilities
Accounts Payable and Accrued Expenses$70,571$131,103▲ $60,532
Deferred Revenue$34,950$45,550▲ $10,600
Total Liabilities$105,521$176,653▲ $71,132
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$413,422$246,191▼ $167,231
Net Assets With Donor Restrictions$102,375$67,875▼ $34,500
Total Net Assets Fund Balance$515,797$314,066▼ $201,731
Total Liabilities and Net Assets / Fund Balance$621,318$490,719▼ $130,599

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$58,907$247,322$306,229
Leasehold Improvements$166,337$42,761$209,098
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rodney NelsonDirector, PresidentFT$101,833$101,833
Marybeth NelsonDirectorPT$28,320$28,320

Board Members and Trustees

NameTitle
Justin TennisonDirector
Russ YorkDirector
Kelly HansenDirector, Secretary
Ben DitzerDirector, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$269,245
Program Service Revenue
$1,173,289
Investment Income
$5
Other Revenue
$0
All Other Contributions
$19,245
Change in Net Assets
$-201,731

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,248,351
Revenue Not Reported on Financial Statements
$194,188
Revenue Not Reported on Form 990
$430,500
Other Revenue Adjustments
$194,188
Total Revenue per Audited Statements
$1,678,851
Total Revenue per Form 990
$1,442,539
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$865,751
Other Expenses$584,331
Grants and Similar Amounts Paid$194,188
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$473,100$196,217-$669,317
Occupancy$224,916$39,691-$264,607
Grants to Domestic Individuals$194,188--$194,188
Current Officers, Directors, Trustees, and Key Employees$130,153--$130,153
Payroll Taxes$61,933--$61,933
Office Expenses-$42,573-$42,573
Depreciation Depletion$33,357$5,887-$39,244
Insurance-$38,921-$38,921
Fees for Services Accounting-$25,934-$25,934
Travel-$17,228-$17,228
Advertising-$5,744-$5,744
Fees for Services Other-$5,660-$5,660
Other Employee Benefits$4,348--$4,348
Other Expenses$92,814$3,672-$3,672
All Other Expenses-$3,552-$3,552
Fees for Services Legal-$96-$96
Total Functional Expenses$1,214,809$429,461$0$1,644,270

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,846,082
Total Expenses per Form 990$1,644,270
Expenses per Audited Statements$1,450,082
Expenses Not Reported on Form 990$396,000
Expenses Not Reported on Financial Statements$194,188
Other Expense Adjustments$194,188
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 A, Line 2

Rodney nelson and grant nelson and marybeth nelson: family relationship

Form 990, Part VI, Section B, Line 11B

990 is provided to the board for review prior to filing.

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

Disclosed to board of directors as soon as conflict arises in accordance with conflict of interest policy.

Form 990, Part VI, Section B, Line 15

President and officer pay is determined by the board of directors.

Form 990, Part VI, Section C, Line 19

Organization makes forms available upon request.

Filing and Contact Details

Filer

Filer Name
Rivertree School
EIN
26-2633599
Phone
7637178609
Address
3733 VERA CRUZ AVE N, CRYSTAL, MN 55422

Signing Officer

Name
Rodney Nelson
Title
President
Phone
7634459897
Signed
2023-04-27

Organization Details

Principal Officer
Rodney Nelson
Formed
2008
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
4
Employees
42
Volunteers
75

Preparer

Firm
Froehling Anderson Ltd
Address
400 HIGHWAY 169 SOUTH - SUITE 400, MINNEAPOLIS, MN 55426
Preparer
David Benusa CPA
Phone
9529793100
Supplemental Narrative

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Donated rent 396,000. Net assets released from restrictions 34,500.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and financial aid 194,188.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

DONATED RENT 396,000.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Scholarships and financial aid 194,188.

Raw XML AppendixShowing 400 of 414 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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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0194188
IRS990ScheduleD/ExpensesSubtotalAmt01450082
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0166337
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt042761
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0209098
IRS990ScheduleD/OtherExpensesIncludedAmt0396000
IRS990ScheduleD/OtherExpensesNotIncludedAmt0194188
IRS990ScheduleD/OtherRevenueAmt0430500
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0194188
IRS990ScheduleD/RevenueNotReportedAmt0430500
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0194188
IRS990ScheduleD/RevenueSubtotalAmt01248351
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0DONATED RENT 396,000. NET ASSETS RELEASED FROM RESTRICTIONS 34,500.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIPS AND FINANCIAL AID 194,188.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DONATED RENT 396,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SCHOLARSHIPS AND FINANCIAL AID 194,188.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0225244
IRS990ScheduleD/TotalExpensesPerForm990Amt01644270
IRS990ScheduleD/TotalRevenuePerForm990Amt01442539
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01678851
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01846082
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/ExplanationTxt0NONDISCRIMINATORY POLICY IS NOTED ON APPLICATION OF ENROLLMENT ON WEBSITE, AND WAS RELEASED IN AN APPROPRIATE NEWSPAPER.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES TEXTBOOKS FROM THE SCHOOL DISTRICT TO USE IN ITS CURRICULUM. THE TEXTBOOKS ARE OWNED BY THE SCHOOL DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID PROVIDED TO STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0194188
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0REDUCTION OF TUITION TO ELIGIBLE STUDENTS.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt052
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RODNEY NELSON AND GRANT NELSON AND MARYBETH NELSON: FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1990 IS PROVIDED TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DISCLOSED TO BOARD OF DIRECTORS AS SOON AS CONFLICT ARISES IN ACCORDANCE WITH CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRESIDENT AND OFFICER PAY IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION MAKES FORMS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0621318
IRS990/TotalAssetsEOYAmt0490719
IRS990/TotalAssetsGrp/BOYAmt0621318
IRS990/TotalAssetsGrp/EOYAmt0490719
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0269245
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0429461
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01214809
IRS990/TotalFunctionalExpensesGrp/TotalAmt01644270
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0105521
IRS990/TotalLiabilitiesEOYAmt0176653
IRS990/TotalLiabilitiesGrp/BOYAmt0105521
IRS990/TotalLiabilitiesGrp/EOYAmt0176653
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0515797
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0314066
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt032938
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt032938
IRS990/TotalProgramServiceExpensesAmt01214809
IRS990/TotalProgramServiceRevenueAmt01173289
IRS990/TotalReportableCompFromOrgAmt0130153
IRS990/TotalRevenueGrp/ExclusionAmt05
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01173289
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01442539
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0621318
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0490719
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt017228
IRS990/TravelGrp/TotalAmt017228
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03733 VERA CRUZ AVE N
IRS990/USAddress/CityNm0CRYSTAL
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055422
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.RIVERTREESCHOOL.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RODNEY NELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07634459897
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-04-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVERTREE SCHOOL
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0262633599
ReturnHeader/Filer/PhoneNum07637178609
ReturnHeader/Filer/USAddress/AddressLine1Txt03733 VERA CRUZ AVE N
ReturnHeader/Filer/USAddress/CityNm0CRYSTAL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055422
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0411384792

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