Civic Intelligence

Rocky River Educational Foundation Inc.

990 • Fiscal year 2023 • EIN 34-1428131

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 25, 2024

1101 Morewood ParkwayRocky River, OH 44116

(216) 479-8424

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

55th percentile

6.4%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

61st percentile

9.1%

Faster asset growth than 61% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-30%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,824,356

Up $152,260 (+9.1%) from 2022

Net Assets

Up

$1,824,356

Up $152,260 (+9.1%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$323,197

Down $141,419 (-30%) from 2022

Expenses

Up

$302,633

Up $53,358 (+21%) from 2022

Net Income

Down

$20,564

Down $194,777 (-90%) from 2022

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 2011: $498,473Liabilities 2011: $0Net Assets 2011: $498,4732011Assets 2012: $530,188Liabilities 2012: $0Net Assets 2012: $530,1882012Assets 2013: $598,348Liabilities 2013: $0Net Assets 2013: $598,3482013Assets 2014: $790,097Liabilities 2014: $0Net Assets 2014: $790,0972014Assets 2015: $887,289Liabilities 2015: $0Net Assets 2015: $887,2892015Assets 2016: $922,784Liabilities 2016: $0Net Assets 2016: $922,7842016Assets 2017: $1,168,057Liabilities 2017: $0Net Assets 2017: $1,168,0572017Assets 2018: $1,282,667Liabilities 2018: $0Net Assets 2018: $1,282,6672018Assets 2019: $1,414,941Liabilities 2019: $0Net Assets 2019: $1,414,9412019Assets 2020: $1,642,536Liabilities 2020: $0Net Assets 2020: $1,642,5362020Assets 2021: $2,088,965Liabilities 2021: $160,000Net Assets 2021: $1,928,9652021Assets 2022: $1,672,096Liabilities 2022: $0Net Assets 2022: $1,672,0962022Assets 2023: $1,824,356Liabilities 2023: $0Net Assets 2023: $1,824,3562023Assets 2024: $2,078,106Liabilities 2024: $0Net Assets 2024: $2,078,1062024Assets 2025: $2,319,178Liabilities 2025: $0Net Assets 2025: $2,319,1782025

Highlighted filing

2023

Assets$1,824,356
Liabilities$0
Net Assets$1,824,356

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $101,557Expenses 2011: $87,427Net Income 2011: $14,1302011Expenses 2012: $77,3042012Expenses 2013: $97,8172013Revenue 2014: $245,951Expenses 2014: $114,653Net Income 2014: $131,2982014Revenue 2015: $247,930Expenses 2015: $140,447Net Income 2015: $107,4832015Revenue 2016: $165,429Expenses 2016: $146,992Net Income 2016: $18,4372016Revenue 2017: $296,840Expenses 2017: $140,320Net Income 2017: $156,5202017Revenue 2018: $215,296Expenses 2018: $136,541Net Income 2018: $78,7552018Revenue 2019: $386,549Expenses 2019: $158,443Net Income 2019: $228,1062019Revenue 2020: $351,064Expenses 2020: $163,119Net Income 2020: $187,9452020Revenue 2021: $315,829Expenses 2021: $342,344Net Income 2021: -$26,5152021Revenue 2022: $464,616Expenses 2022: $249,275Net Income 2022: $215,3412022Revenue 2023: $323,197Expenses 2023: $302,633Net Income 2023: $20,5642023Revenue 2024: $354,176Expenses 2024: $273,899Net Income 2024: $80,2772024Revenue 2025: $525,770Expenses 2025: $326,472Net Income 2025: $199,2982025

Highlighted filing

2023

Revenue$323,197
Expenses$302,633
Net Income$20,564
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 25, 2024
Return Version
2022v5.0
Gross Receipts
$714,074
Mission and Program Overview

Mission

To enrich and provide added quality to the educational experience in our community; to encourage further development of specialized talent, skills and academic achievements for the individual students, faculty or administrators; to continue the educational traditions that have contributed to rocky river's reputation as an outstanding suburban community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,588,538$1,733,435▲ $144,897
Cash and Non-Interest-Bearing Accounts$83,247$90,620▲ $7,373
Total Assets$1,672,096$1,824,356▲ $152,260
Other Assets Total$311$301▼ $10
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,171,990$1,276,848▲ $104,858
Net Assets Without Donor Restrictions$500,106$547,508▲ $47,402
Total Net Assets Fund Balance$1,672,096$1,824,356▲ $152,260
Total Liabilities and Net Assets / Fund Balance$1,672,096$1,824,356▲ $152,260
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dave WesterfieldPresident
Stacey ClevengerVice President
Anne BanasBoard Member
Breda Hill-kingBoard Member
Chandra JuhaszBoard Member
Christina MuellerBoard Member
Greg RobinsonBoard Member
Jaimie YezbakBoard Member
James BroderickBoard Member
Jen DavisBoard Member
Jenna TucciBoard Member
Jenny DieringerBoard Member
Jocelyn RoodBoard Member
Joe CalabreseBoard Member
Joe RomitoBoard Member
Katherine SoleckiBoard Member
Larry SeilerBoard Member
Mason OateyBoard Member
Matthew SmithBoard Member
Maureen TraceyBoard Member
Megan MaherBoard Member
Paula FitzgibbonBoard Member
Sarah RussellBoard Member
Shannon GilfillanBoard Member
Tara BiscardiBoard Member
Chris SlomkaSecretary
Matt SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$140,580
Program Service Revenue
$0
Investment Income
$61,105
Other Revenue
$121,512
All Other Contributions
$140,580
Change in Net Assets
$20,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$265,136
Other Expenses$37,497
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$136,586--$136,586
Grants to Domestic Orgs$128,550--$128,550
Fees for Services Legal-$7,877-$7,877
Fees for Service Investment Mgmnt Fees-$7,770-$7,770
Office Expenses-$3,901-$3,901
Advertising-$1,354-$1,354
Insurance-$1,059-$1,059
Other Expenses-$364-$364
Total Functional Expenses$265,136$37,497$0$302,633
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$163,801
Fundraising Direct Expenses$42,289
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Benefit$163,801$163,801$42,289$121,512
Total Events$163,801$163,801$42,289$121,512
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
Yes
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
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

The form 990 is reviewed by members of the finance committee.

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

Board members are required to disclose all known actual and potential conflicts.

Form 990, Part VI, Section C, Line 19

We make our form 990 and other governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rocky River Education Foundation
EIN
34-1428131
Phone
2164798424
Address
1101 MOREWOOD PARKWAY, ROCKY RIVER, OH 44116

Signing Officer

Name
Matt Smith
Title
Treasurer
Phone
2164798424
Signed
2024-01-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Smith
Formed
1983
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
26

Preparer

Firm
Corrigan Krause
Address
191 AMERICAN BLVD SUITE 201, WESTLAKE, OH 44145
Preparer
Albert S Harsar CPA
Phone
4404710800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Unrealized loss on marketable securities 131,696.

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IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt25SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt26VICE PRESIDENT
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IRS990/GainOrLossGrp/SecuritiesAmt020135
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt0136586
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0136586
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IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0128550
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IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd00
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IRS990/InfoInScheduleOPartIIIInd0X
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IRS990/IRPDocumentCnt00
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0348588
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO ENRICH AND PROVIDE ADDED QUALITY TO THE EDUCATIONAL EXPERIENCE IN OUR COMMUNITY; TO ENCOURAGE FURTHER DEVELOPMENT OF SPECIALIZED TALENT, SKILLS AND ACADEMIC ACHIEVEMENTS FOR THE INDIVIDUAL STUDENTS, FACULTY OR ADMINISTRATORS; TO CONTINUE THE EDUCATIONAL TRADITIONS THAT HAVE CONTRIBUTED TO ROCKY RIVER'S REPUTATION AS AN OUTSTANDING SUBURBAN COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03901
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0311
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IRS990/OtherChangesInNetAssetsAmt0131696
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1GENERAL AND ADMINISTRAT
IRS990/OtherExpensesGrp/Desc2NEWSLETTER
IRS990/OtherExpensesGrp/Desc3POSTAGE
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12513
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22219
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3364
IRS990/OtherExpensesGrp/TotalAmt010440
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IRS990/OtherExpensesGrp/TotalAmt22219
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IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MATT SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0AWARD GRANTS TO FACULTY AND STAFF FOR NEW AND CREATIVE EDUCATIONAL PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0128550
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0128550
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt023105
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0135529
IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherExpensesAmt00
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IRS990/PYProgramServiceRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0464616
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt020564
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0-23105
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0140580
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0135529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070671
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0242641
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt054185
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0409693
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0-243207
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0442211
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt037319
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt033564
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0679580
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0623330
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48640
IRS990ScheduleA/PublicSupportPY170Pct00.44750
IRS990ScheduleA/PublicSupportTotal170Amt0643606
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0135529
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0242641
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt054185
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0643606
IRS990ScheduleA/TotalSupportAmt01323186
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.32$0.00$2.32$0.53$0.33$0.20
2024Detailed filing. Detailed filing data is available for this year.$2.08$0.00$2.08$0.35$0.27$0.08
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.32$0.30$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.46$0.25$0.22
2021Detailed filing. Detailed filing data is available for this year.$2.09$0.16$1.93$0.32$0.34$0.03
2020Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$0.35$0.16$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$0.39$0.16$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.00$1.28$0.22$0.14$0.08
2017Detailed filing. Detailed filing data is available for this year.$1.17$0.00$1.17$0.30$0.14$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.17$0.15$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.25$0.14$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$0.25$0.11$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.00$0.53$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.10$0.09$0.01