Civic Intelligence

Three Rivers Education Foundation Inc.

990 • Fiscal year 2022 • EIN 45-0584483

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

2200 Bloomfield Hwy Suite 2200Farmington, NM 87401

(505) 436-2548

Siviq Scores

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

Liabilities / Assets

27th percentile

0.07x

Higher debt load relative to assets than 27% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

7th percentile

0.01x

Higher debt load relative to revenue than 7% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Net Margin

21st percentile

-2.6%

Higher net margin than 21% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

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

2022 filings • NTEE B • $10M-$25M nonprofits • Source year 2022

Asset Growth

4th percentile

-22%

Faster asset growth than 4% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

95th percentile

122%

Faster revenue growth than 95% of similar nonprofits.

2022 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$964,695

Down $278,011 (-22%) from 2021

Net Assets

Down

$896,582

Down $273,156 (-23%) from 2021

Liabilities

Down

$68,113

Down $4,855 (-6.7%) from 2021

Revenue

Up

$10,703,203

Up $5,874,086 (+122%) from 2021

Expenses

Up

$10,976,359

Up $6,363,324 (+138%) from 2021

Net Income

Down

-$273,156

Down $489,238 (-226%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $160,428Liabilities 2011: $12,147Net Assets 2011: $148,2812011Assets 2012: $166,446Liabilities 2012: $2,175Net Assets 2012: $164,2712012Assets 2013: $194,253Liabilities 2013: $11,639Net Assets 2013: $182,6142013Assets 2014: $136,864Liabilities 2014: $5,590Net Assets 2014: $131,2742014Assets 2015: $531,968Liabilities 2015: $250,444Net Assets 2015: $281,5242015Assets 2016: $646,431Liabilities 2016: $123,643Net Assets 2016: $522,7882016Assets 2017: $982,117Liabilities 2017: $82,436Net Assets 2017: $899,6812017Assets 2018: $1,051,408Liabilities 2018: $70,833Net Assets 2018: $980,5752018Assets 2019: $1,048,350Liabilities 2019: $33,987Net Assets 2019: $1,014,3632019Assets 2020: $995,862Liabilities 2020: $32,083Net Assets 2020: $963,7792020Assets 2021: $1,242,706Liabilities 2021: $72,968Net Assets 2021: $1,169,7382021Assets 2022: $964,695Liabilities 2022: $68,113Net Assets 2022: $896,5822022Assets 2023: $874,708Liabilities 2023: $205,412Net Assets 2023: $669,2962023Assets 2024: $554,389Liabilities 2024: $43,771Net Assets 2024: $510,6182024

Highlighted filing

2022

Assets$964,695
Liabilities$68,113
Net Assets$896,582

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $798,185Expenses 2011: $795,997Net Income 2011: $2,1882011Revenue 2012: $745,566Expenses 2012: $729,576Net Income 2012: $15,9902012Revenue 2013: $684,083Expenses 2013: $665,740Net Income 2013: $18,3432013Revenue 2014: $332,111Expenses 2014: $295,557Net Income 2014: $36,5542014Revenue 2015: $4,781,858Expenses 2015: $4,600,784Net Income 2015: $181,0742015Revenue 2016: $6,254,101Expenses 2016: $6,012,837Net Income 2016: $241,2642016Revenue 2017: $6,346,273Expenses 2017: $5,969,380Net Income 2017: $376,8932017Revenue 2018: $4,697,901Expenses 2018: $4,617,007Net Income 2018: $80,8942018Revenue 2019: $2,774,702Expenses 2019: $2,740,914Net Income 2019: $33,7882019Revenue 2020: $3,696,734Expenses 2020: $3,747,318Net Income 2020: -$50,5842020Revenue 2021: $4,829,117Expenses 2021: $4,613,035Net Income 2021: $216,0822021Revenue 2022: $10,703,203Expenses 2022: $10,976,359Net Income 2022: -$273,1562022Revenue 2023: $10,475,379Expenses 2023: $10,702,665Net Income 2023: -$227,2862023Revenue 2024: $9,601,871Expenses 2024: $9,760,549Net Income 2024: -$158,6782024

Highlighted filing

2022

Revenue$10,703,203
Expenses$10,976,359
Net Income-$273,156
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$10,703,203
Mission and Program Overview

Mission

Assist education organizations; acquire and manage program funding; provide education leadership and support; build connection between education needs and practical solutions; provide and broker critical education services.

Highschool equivalency program - provide coursework and preparation for migrants to get their geds bhep2 - borderland high school equivalency program: las cruces, nm and el paso, tx mhep - maricopa high school equivalency program: maricopa county, az teacher quality partnerships - provide a residency program for future teachers to get a master's degree and become certified to teach; also provide professional development and mentoring assistance. Tqp3riv - teacher quality partnership for the taos, nm and surrounding area for 50 residents tqp-tx - teacher quality partnership for the clint, tx area for 50 residents tqp-sw - teacher quality partnership for northeast new mexico and southwest colorado for 75 residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$428,733$537,137▲ $108,404
Cash and Non-Interest-Bearing Accounts$721,444$315,138▼ $406,306
Land, Buildings, and Equipment, Net$71,464$91,744▲ $20,280
Prepaid Expenses and Deferred Charges$17,797$20,676▲ $2,879
Accounts Receivable$3,268--
Total Assets$1,242,706$964,695▼ $278,011
Liabilities
Accounts Payable and Accrued Expenses$60,161$39,184▼ $20,977
Other Liabilities$12,807$28,929▲ $16,122
Total Liabilities$72,968$68,113▼ $4,855
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,169,738$896,582▼ $273,156
Total Net Assets Fund Balance$1,169,738$896,582▼ $273,156
Total Liabilities and Net Assets / Fund Balance$1,242,706$964,695▼ $278,011

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$91,744$117,085$208,829
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda CoyCEO/board Me
Jarly LopezDirector
Ken FerroneDirector
James CoyExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$10,096,447
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$606,756
All Other Contributions
$18,288
Change in Net Assets
$-273,156

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,703,203
Total Revenue per Audited Statements
$10,703,203
Total Revenue per Form 990
$10,703,203
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,398,721
Salaries, Compensation, and Employee Benefits$4,577,638
Total Fundraising Expense$29,348
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,378,151$123,268$13,198$3,514,617
Current Officers, Directors, Trustees, and Key Employees$572,132$53,549$3,935$629,616
Payroll Taxes$249,059$23,311$1,713$274,083
Travel$125,799$108,681-$234,480
All Other Expenses$149,258$63,874$10,502$223,634
Other Expenses$185,063--$185,063
Other Employee Benefits$159,322--$159,322
Occupancy$74,177$54,184-$128,361
Insurance-$26,052-$26,052
Conferences and Meetings$19,842$4,102-$23,944
Total Functional Expenses$10,489,990$457,021$29,348$10,976,359

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,976,359
Total Expenses per Audited Statements$10,976,359
Total Expenses per Form 990$10,976,359
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
Accrued Expenses$28,929
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

James coy linda coy executive di coo spouse

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Three Rivers Education Foundation
EIN
45-0584483
Phone
5054362548
Address
2200 BLOOMFIELD HWY SUITE 2200, FARMINGTON, NM 87401

Signing Officer

Name
Linda Coy
Title
CEO/board Member
Phone
5054362548
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Coy
Formed
2008
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
3
Employees
96

Preparer

Firm
Steve Oldfield & Associates
Address
4001 N BUTLER BLDG 2101, FARMINGTON, NM 87401-8438
Preparer
Steve Oldfield
Phone
5053275001
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

BOARD MEMBERS

Form 990, Page 2, Part III, Line 4A

Highschool equivalency program - provide coursework and preparation for migrants to get their geds bhep2 - borderland high school equivalency program: las cruces, nm and el paso, tx mhep - maricopa high school equivalency program: maricopa county, az teacher quality partnerships - provide a residency program for future teachers to get a master's degree and become certified to teach; also provide professional development and mentoring assistance. Tqp3riv - teacher quality partnership for the taos, nm and surrounding area for 50 residents tqp-tx - teacher quality partnership for the clint, tx area for 50 residents tqp-sw - teacher quality partnership for northeast new mexico and southwest colorado for 75 residents

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010096447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04822524
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03416409
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02760647
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04328063
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt025424090
IRS990ScheduleA/TotalSupportAmt025424090
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt091744
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0117085
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0208829
IRS990ScheduleD/ExpensesSubtotalAmt010976359
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED EXPENSES
IRS990ScheduleD/RevenueSubtotalAmt010703203
IRS990ScheduleD/TotalBookValueLandBuildingsAmt091744
IRS990ScheduleD/TotalExpensesPerForm990Amt010976359
IRS990ScheduleD/TotalLiabilityAmt028929
IRS990ScheduleD/TotalRevenuePerForm990Amt010703203
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010703203
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010976359
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HIGHSCHOOL EQUIVALENCY PROGRAM - PROVIDE COURSEWORK AND PREPARATION FOR MIGRANTS TO GET THEIR GEDS BHEP2 - BORDERLAND HIGH SCHOOL EQUIVALENCY PROGRAM: LAS CRUCES, NM AND EL PASO, TX MHEP - MARICOPA HIGH SCHOOL EQUIVALENCY PROGRAM: MARICOPA COUNTY, AZ TEACHER QUALITY PARTNERSHIPS - PROVIDE A RESIDENCY PROGRAM FOR FUTURE TEACHERS TO GET A MASTER'S DEGREE AND BECOME CERTIFIED TO TEACH; ALSO PROVIDE PROFESSIONAL DEVELOPMENT AND MENTORING ASSISTANCE. TQP3RIV - TEACHER QUALITY PARTNERSHIP FOR THE TAOS, NM AND SURROUNDING AREA FOR 50 RESIDENTS TQP-TX - TEACHER QUALITY PARTNERSHIP FOR THE CLINT, TX AREA FOR 50 RESIDENTS TQP-SW - TEACHER QUALITY PARTNERSHIP FOR NORTHEAST NEW MEXICO AND SOUTHWEST COLORADO FOR 75 RESIDENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JAMES COY LINDA COY EXECUTIVE DI COO SPOUSE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01242706
IRS990/TotalAssetsEOYAmt0964695
IRS990/TotalAssetsGrp/BOYAmt01242706
IRS990/TotalAssetsGrp/EOYAmt0964695
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt010096447
IRS990/TotalEmployeeCnt096
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt029348
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0457021
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt010489990
IRS990/TotalFunctionalExpensesGrp/TotalAmt010976359
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt072968
IRS990/TotalLiabilitiesEOYAmt068113
IRS990/TotalLiabilitiesGrp/BOYAmt072968
IRS990/TotalLiabilitiesGrp/EOYAmt068113
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01169738
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0896582
IRS990/TotalProgramServiceExpensesAmt010489990
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0606756
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010703203
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01242706
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0964695
IRS990/TravelGrp/ManagementAndGeneralAmt0108681
IRS990/TravelGrp/ProgramServicesAmt0125799
IRS990/TravelGrp/TotalAmt0234480
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt04306 N DUSTIN
IRS990/USAddress/CityNm0FARMINGTON
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087401
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.THREERIVERSEDUCATIONFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA COY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/BOARD MEMBER
ReturnHeader/BusinessOfficerGrp/PhoneNum05054362548
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THREE RIVERS EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0THRE
ReturnHeader/Filer/EIN0450584483
ReturnHeader/Filer/PhoneNum05054362548
ReturnHeader/Filer/USAddress/AddressLine1Txt02200 BLOOMFIELD HWY SUITE 2200
ReturnHeader/Filer/USAddress/CityNm0FARMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087401
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203866860
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STEVE OLDFIELD & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04001 N BUTLER BLDG 2101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FARMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0874018438
ReturnHeader/PreparerPersonGrp/PhoneNum05053275001
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVE OLDFIELD
ReturnHeader/ReturnTs02023-11-15T16:53:04-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LINDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0COY
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.55$0.04$0.51$9.60$9.76$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.87$0.21$0.67$10.5$10.7$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.96$0.07$0.90$10.7$11.0$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.24$0.07$1.17$4.83$4.61$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.00$0.03$0.96$3.70$3.75$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.03$1.01$2.77$2.74$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.05$0.07$0.98$4.70$4.62$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.98$0.08$0.90$6.35$5.97$0.38
2016Detailed filing. Detailed filing data is available for this year.$0.65$0.12$0.52$6.25$6.01$0.24
2015Summary only. Only limited summary data is available for this year.$0.53$0.25$0.28$4.78$4.60$0.18
2014Summary only. Only limited summary data is available for this year.$0.14$0.01$0.13$0.33$0.30$0.04
2013Summary only. Only limited summary data is available for this year.$0.19$0.01$0.18$0.68$0.67$0.02
2012Summary only. Only limited summary data is available for this year.$0.17$0.00$0.16$0.75$0.73$0.02
2011Summary only. Only limited summary data is available for this year.$0.16$0.01$0.15$0.80$0.80$0.00