Civic Intelligence

Rivers Edge Academy Charter School

990 • Fiscal year 2019 • EIN 27-4821123

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 24, 2019

270 W Evans Creek RoadRogue River, OR 97537

(503) 299-0299

Siviq Scores

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

Liabilities / Assets

81st percentile

0.50x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

82nd percentile

0.65x

Higher debt load relative to revenue than 82% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

45th percentile

1.6%

Higher net margin than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

82nd percentile

$145,542

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 10.5% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

98th percentile

294%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

73rd percentile

19%

Faster revenue growth than 73% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,779,487

Up $1,405,687 (+376%) from 2017

Net Assets

Up

$881,794

Up $507,994 (+136%) from 2017

Liabilities

Up

$897,693

Up $897,693 from 2017

Revenue

Up

$1,383,475

Up $105,756 (+8.3%) from 2017

Expenses

Up

$1,360,891

Up $175,186 (+15%) from 2017

Net Income

Down

$22,584

Down $69,430 (-75%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2012: $62,321Liabilities 2012: $0Net Assets 2012: $62,3212012Assets 2013: $206,147Liabilities 2013: $0Net Assets 2013: $206,1472013Assets 2014: $489,663Liabilities 2014: $0Net Assets 2014: $489,6632014Assets 2016: $281,786Liabilities 2016: $0Net Assets 2016: $281,7862016Assets 2017: $373,800Liabilities 2017: $0Net Assets 2017: $373,8002017Assets 2019: $1,779,487Liabilities 2019: $897,693Net Assets 2019: $881,7942019Assets 2020: $2,048,437Liabilities 2020: $1,013,917Net Assets 2020: $1,034,5202020Assets 2021: $2,220,478Liabilities 2021: $857,902Net Assets 2021: $1,362,5762021Assets 2022: $2,376,950Liabilities 2022: $836,862Net Assets 2022: $1,540,0882022

Highlighted filing

2019

Assets$1,779,487
Liabilities$897,693
Net Assets$881,794

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $575,5712012Expenses 2013: $730,2582013Revenue 2014: $1,124,543Expenses 2014: $841,027Net Income 2014: $283,5162014Revenue 2016: $1,048,440Expenses 2016: $1,449,627Net Income 2016: -$401,1872016Revenue 2017: $1,277,719Expenses 2017: $1,185,705Net Income 2017: $92,0142017Revenue 2019: $1,383,475Expenses 2019: $1,360,891Net Income 2019: $22,5842019Revenue 2020: $1,653,783Expenses 2020: $1,501,057Net Income 2020: $152,7262020Revenue 2021: $1,938,917Expenses 2021: $1,610,861Net Income 2021: $328,0562021Revenue 2022: $2,194,630Expenses 2022: $2,017,118Net Income 2022: $177,5122022

Highlighted filing

2019

Revenue$1,383,475
Expenses$1,360,891
Net Income$22,584
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 24, 2019
Return Version
2018v3.1
Gross Receipts
$1,383,475
Mission and Program Overview

Mission

Reach offers a holistic approach to student learning where parents have a voice. The vision is achieving academic excellence through personalized insutruction, and parent, teacher & community partnerships.

To operate a single charter school

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$1,451,051-
Cash and Non-Interest-Bearing Accounts$350,742$239,939▼ $110,803
Savings and Temporary Cash Investments$101,470$88,497▼ $12,973
Total Assets$452,212$1,779,487▲ $1,327,275
Liabilities
Unsecured Notes Loans Payable-$878,282-
Accounts Payable and Accrued Expenses-$19,411-
Total Liabilities$0$897,693▲ $897,693
Net Assets / Fund Balance
Unrestricted Net Assets$452,212$881,794▲ $429,582
Total Net Assets Fund Balance$452,212$881,794▲ $429,582
Total Liabilities and Net Assets / Fund Balance$452,212$1,779,487▲ $1,327,275

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,044,053-$1,044,053
Land$406,998-$406,998
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cecile EnrightExecutive DirectorFT$104,490$41,052$145,542

Board Members and Trustees

NameTitle
Thomas EnrightBoard President
L William HuntBoard Member
Jules BalesBoard Tresurersecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,383,335
Program Service Revenue
$0
Investment Income
$140
Other Revenue
$0
All Other Contributions
$98,434
Change in Net Assets
$22,584

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,383,475
Total Revenue per Audited Statements
$1,383,475
Total Revenue per Form 990
$1,383,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$957,905
Other Expenses$402,986
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$429,577$122,122-$551,699
Current Officers, Directors, Trustees, and Key Employees-$154,454-$154,454
Pension Plan Contributions$113,017$6,426-$119,443
Other Expenses$82,154$27,893-$110,047
Other Employee Benefits$80,377$1,463-$81,840
Occupancy-$51,677-$51,677
Payroll Taxes$34,558$15,911-$50,469
Fees for Services Accounting-$15,400-$15,400
Advertising-$15,164-$15,164
Travel$3,410$11,464-$14,874
All Other Expenses$7,257$4,498-$11,755
Insurance-$6,640-$6,640
Fees for Services Legal-$3,461-$3,461
Office Expenses$116$3,335-$3,451
Interest-$2,941-$2,941
Total Functional Expenses$855,150$505,741$0$1,360,891

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,360,891
Total Expenses per Audited Statements$1,360,891
Total Expenses per Form 990$1,360,891
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
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
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

Officer directors etc family relationship Part VI line 2

The school director and one of the board members are married. Also, the directors son is on the board.

Form 990 governing body review Part VI line 11

A copy of the draft of the 990 is available for all voting members of the board to review between three to five business days before it is signed and submitted to the internal revenue service. Each board member is notified and an electronic copy is available upon request.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy is reviewed anually, at which time the directors are required to disclose any interest which could result in conflict. The organization consistently monitors and enforces compliance with the conflict of interest policy.

CEO executive director top management comp Part VI line 15A

The board of directors reviews and approves executive director and financial officer salaries. The executive director reviews and approves all other staff salaries.

Other officer or key employee compensation Part VI line 15B

The board of directors reviews and approves executive director and financial officer salaries. The executive director reviews and approves all other staff salaries.

Governing documents etc available to public Part VI line 19

The organizations governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rivers Edge Academy Charter School
EIN
27-4821123
Address
270 W EVANS CREEK ROAD, Rogue River, OR 97537

Signing Officer

Name
Cecile Enright
Title
Executive Direc
Phone
5032990299
Signed
2019-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cecile Enright
Formed
2011
Legal Domicile
Or
Voting Board Members
3
Independent Board Members
3
Employees
30
Volunteers
8

Preparer

Firm
Pauly Rogers and Co Pc
Address
12700 SW 72ND AVE, Portland, OR 97223
Preparer
Roy R Rogers
Phone
5036202632
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

In the 2017-18 fiscal year, rivers edge academy cs used the cash method of accounting and as a result left fixed assets (land & land improvements worth $406,998) off of their statement of net position. In the 2018-19 fiscal year they changed their accounting method to modified cash and then put the $406,998 of land & land improvements on to the statement of net position. The $406,998 is added to the return on the current year.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL DIRECTOR AND ONE OF THE BOARD MEMBERS ARE MARRIED. ALSO, THE DIRECTORS SON IS ON THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE DRAFT OF THE 990 IS AVAILABLE FOR ALL VOTING MEMBERS OF THE BOARD TO REVIEW BETWEEN THREE TO FIVE BUSINESS DAYS BEFORE IT IS SIGNED AND SUBMITTED TO THE INTERNAL REVENUE SERVICE. EACH BOARD MEMBER IS NOTIFIED AND AN ELECTRONIC COPY IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS REVIEWED ANUALLY, AT WHICH TIME THE DIRECTORS ARE REQUIRED TO DISCLOSE ANY INTEREST WHICH COULD RESULT IN CONFLICT. THE ORGANIZATION CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS REVIEWS AND APPROVES EXECUTIVE DIRECTOR AND FINANCIAL OFFICER SALARIES. THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES ALL OTHER STAFF SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS AND APPROVES EXECUTIVE DIRECTOR AND FINANCIAL OFFICER SALARIES. THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES ALL OTHER STAFF SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IN THE 2017-18 FISCAL YEAR, RIVERS EDGE ACADEMY CS USED THE CASH METHOD OF ACCOUNTING AND AS A RESULT LEFT FIXED ASSETS (LAND & LAND IMPROVEMENTS WORTH $406,998) OFF OF THEIR STATEMENT OF NET POSITION. IN THE 2018-19 FISCAL YEAR THEY CHANGED THEIR ACCOUNTING METHOD TO MODIFIED CASH AND THEN PUT THE $406,998 OF LAND & LAND IMPROVEMENTS ON TO THE STATEMENT OF NET POSITION. THE $406,998 IS ADDED TO THE RETURN ON THE CURRENT YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Explanation of other changes in net assets or fund balances Part XI line 9
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0878282
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IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.REACH-SCHOOL.ORG
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0CECILE ENRIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum05032990299
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVERS EDGE ACADEMY CHARTER SCHOOL
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId09335042020013n0vmjya
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-01-13
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt070.89.183.173
ReturnHeader/FilingSecurityInformation/IPDt02020-01-13
ReturnHeader/FilingSecurityInformation/IPTm011:34:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930936123
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PAULY ROGERS AND CO PC
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ReturnHeader/PreparerPersonGrp/PreparationDt02020-01-13
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ReturnHeader/ReturnTs02020-01-13T11:33:23-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

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