Civic Intelligence

Riverside Preparatory School

990 • Fiscal year 2024 • EIN 26-4614065

Jul 01, 2023 to Jun 30, 2024 • Filed on Jan 13, 2025

19900 National Trails HighwayOro Grande, CA 92368

(760) 245-5887

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.15x

Higher debt load relative to assets than 42% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

30th percentile

0.13x

Higher debt load relative to revenue than 30% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

53rd percentile

5.4%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

59th percentile

$300,671

Higher top officer pay than 59% of similar nonprofits.

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

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-2.3%

Faster revenue growth than 26% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$37,563,479

Up $4,952,031 (+15%) from 2022

Net Assets

Up

$32,072,844

Up $9,035,993 (+39%) from 2022

Liabilities

Down

$5,490,635

Down $4,083,962 (-43%) from 2022

Revenue

Up

$41,912,151

Up $9,259,524 (+28%) from 2022

Expenses

Up

$39,654,969

Up $7,231,650 (+22%) from 2022

Net Income

Up

$2,257,182

Up $2,027,874 (+884%) from 2022

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2013: $6,990,895Liabilities 2013: $3,404,008Net Assets 2013: $3,586,8872013Assets 2014: $6,785,121Liabilities 2014: $2,357,240Net Assets 2014: $4,427,8812014Assets 2015: $6,260,196Liabilities 2015: $1,207,501Net Assets 2015: $5,052,6952015Assets 2016: $8,031,470Liabilities 2016: $1,093,691Net Assets 2016: $6,937,7792016Assets 2017: $11,564,349Liabilities 2017: $1,818,518Net Assets 2017: $9,745,8312017Assets 2018: $16,142,424Liabilities 2018: $2,833,592Net Assets 2018: $13,308,8322018Assets 2019: $17,867,270Liabilities 2019: $2,673,694Net Assets 2019: $15,193,5762019Assets 2020: $22,539,780Liabilities 2020: $4,773,387Net Assets 2020: $17,766,3932020Assets 2021: $29,555,885Liabilities 2021: $6,701,596Net Assets 2021: $22,854,2892021Assets 2022: $32,611,448Liabilities 2022: $9,574,597Net Assets 2022: $23,036,8512022Assets 2024: $37,563,479Liabilities 2024: $5,490,635Net Assets 2024: $32,072,8442024

Highlighted filing

2024

Assets$37,563,479
Liabilities$5,490,635
Net Assets$32,072,844

Operations Trend

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

$60M$40M$20M$0Expenses 2013: $13,819,8792013Revenue 2014: $15,097,243Expenses 2014: $14,256,249Net Income 2014: $840,9942014Revenue 2015: $16,867,066Expenses 2015: $16,242,252Net Income 2015: $624,8142015Revenue 2016: $21,265,782Expenses 2016: $19,380,698Net Income 2016: $1,885,0842016Revenue 2017: $21,460,207Expenses 2017: $18,652,155Net Income 2017: $2,808,0522017Revenue 2018: $21,730,457Expenses 2018: $18,167,456Net Income 2018: $3,563,0012018Revenue 2019: $24,766,117Expenses 2019: $22,881,373Net Income 2019: $1,884,7442019Revenue 2020: $26,668,051Expenses 2020: $24,095,234Net Income 2020: $2,572,8172020Revenue 2021: $31,179,284Expenses 2021: $26,091,388Net Income 2021: $5,087,8962021Revenue 2022: $32,652,627Expenses 2022: $32,423,319Net Income 2022: $229,3082022Revenue 2024: $41,912,151Expenses 2024: $39,654,969Net Income 2024: $2,257,1822024

Highlighted filing

2024

Revenue$41,912,151
Expenses$39,654,969
Net Income$2,257,182
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 13, 2025
Return Version
2023v6.0
Gross Receipts
$41,912,151
Mission and Program Overview

Mission

To provide each student with an education that will fit that student's academic needs & will provide the student with an education that will meet state standards & prepare students for higher educational opportunities & lifelong learning.

A charter school that provides each student with a unique education that fits their academic needs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,317,885$25,349,503▲ $5,031,618
Savings and Temporary Cash Investments$11,264,119$11,093,935▼ $170,184
Accounts Receivable$2,261,611$1,120,041▼ $1,141,570
Prepaid Expenses and Deferred Charges$2,964$0▼ $2,964
Total Assets$33,846,579$37,563,479▲ $3,716,900
Liabilities
Accounts Payable and Accrued Expenses$3,986,652$5,468,503▲ $1,481,851
Other Liabilities$44,265$22,132▼ $22,133
Total Liabilities$4,030,917$5,490,635▲ $1,459,718
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$29,815,662$32,072,844▲ $2,257,182
Total Net Assets Fund Balance$29,815,662$32,072,844▲ $2,257,182
Total Liabilities and Net Assets / Fund Balance$33,846,579$37,563,479▲ $3,716,900

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,264,943$3,603,468$15,868,411
Other Land Buildings$11,612,451$142,386$11,754,837
Equipment$1,472,109$2,107,692$3,579,801
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
William FlynnAsst. Supt. Business Servi (july-apr)PT$256,480$256,480
Steven RandallAthletic DirectorFT$149,061$149,061
Brandy NeisingerMiddle School TeacherFT$136,093$136,093
Darrell HaleAssistant Principal- HighFT$134,029$134,029
Edna RodriguezPresident (dec-jun)-$29,616$29,616
Paula RamirezPresident (july-nov)-$29,375$29,375
Roberto Garcia JrClerk (july-jun)-$16,336$16,336

Board Members and Trustees

NameTitle
Aprill HallAsst. Director Instr. Programs
Minda StacklehouseExec. Director Human Resources
Michael HeitmanExec. Director Special Services
Delores PattersonExec. Director Transportation
William FlynnAsst. Supt. Business Servi (july-apr
Kyla Gonzales-riveraAsst. Supt. Ed Services
Stephen BellAsst. Supt. Hr/personnel
Heather VennesElementary Principal
Peter SnyderMiddle School Asst. Principal
Amy BraccoPrincipal - Middle School
Derrick DeltonSuperintendent

Highest Paid Contractors

ContractorServicesLocationCompensation
Bernards Bros INCDesign-build Construction555 FIRST ST, San Fernando, CA 91340$2,050,803
First Student INCHome-to-school Transportation22157 NETWORK PLACE, Chicago, IL 60673-0000$1,844,491
Spec Construction Co INCConstruction115 W MAIN ST, Ontario, CA 91762$1,487,453
Kuehg CorpAfter School/summer School Program ProviPO BOX 741282, Los Angeles, CA 90074-1282$910,698
Cdw-government INCTech Equip/supplies75 REMITTANCE DRIVE STE 1515, Chicago, IL 60675-1515$525,457
Revenue and Support

Revenue Composition

Contributions and Grants
$41,552,569
Program Service Revenue
$0
Investment Income
$359,582
Other Revenue
$0
All Other Contributions
$224,063
Change in Net Assets
$2,257,182

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,912,151
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$41,912,151
Total Revenue per Form 990
$41,912,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$24,792,232
Other Expenses$14,862,737
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,030,714$3,169,980-$17,200,694
Fees for Services Other$3,653,124$6,041,414-$9,694,538
Pension Plan Contributions$3,714,987$826,903-$4,541,890
Other Employee Benefits$1,703,474$502,630-$2,206,104
Depreciation Depletion$1,229,605--$1,229,605
Occupancy$321,882$718,596-$1,040,478
Payroll Taxes$670,343$173,201-$843,544
Information Technology$446,770--$446,770
Insurance-$371,593-$371,593
Conferences and Meetings$51,697--$51,697
Fees for Services Legal$22,508--$22,508
Other Expenses$21,792$114,869-$21,792
All Other Expenses$12,848--$12,848
Travel$6,970--$6,970
Office Expenses$248--$248
Total Functional Expenses$27,735,783$11,919,186$0$39,654,969

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$39,654,969
Total Expenses per Audited Statements$39,654,969
Total Expenses per Form 990$39,654,969
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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

Other Reported Liabilities

LiabilityAmount
Early Retirement Incentive$22,132
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization holds memorandum of understanding (mou) with the oro grande school district (the "district"), a related governmental agency, for administrative and educational services, which allows for control of certain management duties by management personnel of the district. For this reason, district management has been listed as key personnel on the organization's form 990, part vii.

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

The completed form 990 is reviewed and approved by the board before filing.

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

California form 700's are filed and reviewed annually.

Form 990, Part VI, Section B, Line 15

Individuals are evaluated on an annual basis and negotiated contract are prepared after reviewing industry norms

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Form 990 Part VII Section A Column F

The organization participates in the public employee retirement system of california and state teachers retirement system, defined benefit plans, due to the size and varied participants in this plan the actuarial value is not calculated on a per employee basis. No amount is included in column f for a reasonable estimate of the increase in actuarial value.

Filing and Contact Details

Filer

Filer Name
Riverside Preparatory School
EIN
26-4614065
Phone
7602455887
Address
19900 NATIONAL TRAILS HIGHWAY, ORO GRANDE, CA 92368

Signing Officer

Name
Mark Andreasen
Title
Assistant Superintendent Bus. Serv.
Phone
7602455887
Signed
2025-01-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Andreasen
Formed
2009
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
10681 FOOTHILL BLVD STE 300, RANCHO CUCAMONGA, CA 91730-3831
Preparer
Catherine L Gray CPA
Phone
9094664410
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services: program service expenses 3,477,410. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,477,410. Fingerprint: program service expenses 2,356. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,356. Other administrative charges: program service expenses 152,186. Management and general expenses 0. Fundraising expenses 0. Total expenses 152,186. Meals: program service expenses 21,172. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,172. Professional services: program service expenses 0. Management and general expenses 6,041,414. Fundraising expenses 0. Total expenses 6,041,414.

Financial Statement Notes

PART X, LINE 2:

Management believes that the organization has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The organization would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.

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IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERTO GARCIA JR
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IRS990/Form990PartVIISectionAGrp/PersonNm4DERRICK DELTON
IRS990/Form990PartVIISectionAGrp/PersonNm5STEPHEN BELL
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL HEITMAN
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IRS990/Form990PartVIISectionAGrp/PersonNm8KYLA GONZALES-RIVERA
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IRS990/Form990PartVIISectionAGrp/PersonNm10APRILL HALL
IRS990/Form990PartVIISectionAGrp/PersonNm11MINDA STACKLEHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm12STEVEN RANDALL
IRS990/Form990PartVIISectionAGrp/PersonNm13DELORES PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm14DARRELL HALE
IRS990/Form990PartVIISectionAGrp/PersonNm15BRANDY NEISINGER
IRS990/Form990PartVIISectionAGrp/PersonNm16PETER SNYDER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3ASST. SUPT. BUSINESS SERVI (JULY-APR)
IRS990/Form990PartVIISectionAGrp/TitleTxt4SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASST. SUPT. HR/PERSONNEL
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXEC. DIR. SPECIAL SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRINCIPAL - MIDDLE SCHOOL
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASST. SUPT. ED SERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt9ELEMENTARY PRINCIPAL
IRS990/Form990PartVIISectionAGrp/TitleTxt10ASST. DIR. INSTR. PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXEC. DIR. HUMAN RESOURCES
IRS990/Form990PartVIISectionAGrp/TitleTxt12ATHLETIC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXEC. DIR. TRANSPORTATION
IRS990/Form990PartVIISectionAGrp/TitleTxt14ASSISTANT PRINCIPAL- HIGH
IRS990/Form990PartVIISectionAGrp/TitleTxt15MIDDLE SCHOOL TEACHER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MIDDLE SCHOOL ASST. PRINCIPAL
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IRS990/MissionDesc0EMPOWER STUDENTS THROUGH AN EXTRAORDINARY CHOICE IN EDUCATION BY PROVIDING PROGRAMS THAT GIVES A VARIETY OF LEARNING OPPORTUNITIES TO OUR STUDENTS. WE OFFER A RIGOROUS 21ST CENTURY CURRICULUM THAT PREPARES OUR STUDENTS TO COMPETE IN TODAY'S GLOBAL MARKET.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleE/ComplianceWithRevProc7550Ind01

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