Civic Intelligence

Rye Fund for Education Inc

EIN 46-2481911 • 501(c)3 • Rye, NY

Profile

The entity will develop, coordinate, and provide funding for programs and activities that promote and enhance educational excellence in the rye schools. The fund will function as a centralized, mission driven responsive to the educational goals of the rye schools.

555 Theodore Fremd Ave B-101Rye, NY 10580

gmail.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

40th percentile

0.00x

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

NTEE B • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.00x

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

NTEE B • $500k-$1M nonprofits • Source year 2024

Net Margin

60th percentile

12%

Higher net margin than 60% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

NTEE B • $500k-$1M nonprofits • Source year 2024

Asset Growth

62nd percentile

11%

Faster asset growth than 62% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

111%

Faster revenue growth than 88% of similar nonprofits.

NTEE B • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$699,203

Up $70,359 (+11%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$699,203

Up $70,359 (+11%) from 2023

Operations
Liabilities / Revenue40th percentileNet Margin60th percentile

Revenue

Up

$578,230

Up $303,791 (+111%) from 2023

Expenses

Up

$507,871

Up $321,524 (+173%) from 2023

Net Income

Down

$70,359

Down $17,733 (-20%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth62nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2014: $3,656Liabilities 2014: $0Net Assets 2014: $3,6562014Assets 2015: $443,746Liabilities 2015: $0Net Assets 2015: $443,7462015Assets 2016: $436,859Liabilities 2016: $0Net Assets 2016: $436,8592016Assets 2017: $626,195Liabilities 2017: $0Net Assets 2017: $626,1952017Assets 2018: $556,886Liabilities 2018: $0Net Assets 2018: $556,8862018Assets 2019: $567,708Liabilities 2019: $0Net Assets 2019: $567,7082019Assets 2020: $582,854Liabilities 2020: $0Net Assets 2020: $582,8542020Assets 2021: $532,686Liabilities 2021: $0Net Assets 2021: $532,6862021Assets 2022: $540,752Liabilities 2022: $0Net Assets 2022: $540,7522022Assets 2023: $628,844Liabilities 2023: $0Net Assets 2023: $628,8442023Assets 2024: $699,203Liabilities 2024: $0Net Assets 2024: $699,2032024

Highlighted filing

2024

Assets$699,203
Liabilities$0
Net Assets$699,203
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $1,001Expenses 2014: $21,400Net Income 2014: -$20,3992014Revenue 2015: $443,431Expenses 2015: $3,341Net Income 2015: $440,0902015Revenue 2016: $89,095Expenses 2016: $95,982Net Income 2016: -$6,8872016Revenue 2017: $194,498Expenses 2017: $5,162Net Income 2017: $189,3362017Revenue 2018: $11,966Expenses 2018: $81,275Net Income 2018: -$69,3092018Revenue 2019: $12,060Expenses 2019: $1,238Net Income 2019: $10,8222019Revenue 2020: $17,235Expenses 2020: $2,089Net Income 2020: $15,1462020Revenue 2021: $159,018Expenses 2021: $209,186Net Income 2021: -$50,1682021Revenue 2022: $59,381Expenses 2022: $51,315Net Income 2022: $8,0662022Revenue 2023: $274,439Expenses 2023: $186,347Net Income 2023: $88,0922023Revenue 2024: $578,230Expenses 2024: $507,871Net Income 2024: $70,3592024

Highlighted filing

2024

Revenue$578,230
Expenses$507,871
Net Income$70,359
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$699,203
Liabilities
$0
Net assets
$699,203
Revenue
$578,230
Expenses
$507,871
Net income
$70,359
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.99$0.00$6.99$5.78$5.08$0.70
2023Detailed filing. Detailed filing data is available for this year.$6.29$0.00$6.29$2.74$1.86$0.88
2022Detailed filing. Detailed filing data is available for this year.$5.41$0.00$5.41$0.59$0.51$0.08
2021Detailed filing. Detailed filing data is available for this year.$5.33$0.00$5.33$1.59$2.09$0.50
2020Detailed filing. Detailed filing data is available for this year.$5.83$0.00$5.83$0.17$0.02$0.15
2019Detailed filing. Detailed filing data is available for this year.$5.68$0.00$5.68$0.12$0.01$0.11
2018Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$0.12$0.81$0.69
2017Detailed filing. Detailed filing data is available for this year.$6.26$0.00$6.26$1.94$0.05$1.89
2016Detailed filing. Detailed filing data is available for this year.$4.37$0.00$4.37$0.89$0.96$0.07
2015Detailed filing. Detailed filing data is available for this year.$4.44$0.00$4.44$4.43$0.03$4.40
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.01$0.21$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$677,172
Mission and Program Overview

Mission

The entity will develop, coordinate, and provide funding for programs and activities that promote and enhance educational excellence in the rye schools. The fund will function as a centralized, mission driven responsive to the educational goals of the rye schools.

The entity will develop, coordinate, and provide funding for programs and activities that promote and enhance educational excellence in the rye city schools. The fund will function as a centralized, mission driven organization responsive to the educational goals of the rye city school district

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$567,956$605,936▲ $37,980
Cash and Non-Interest-Bearing Accounts$44,937$93,267▲ $48,330
Investments in Publicly Traded Securities$15,951$0▼ $15,951
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$628,844$699,203▲ $70,359
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$628,844$699,203▲ $70,359
Total Net Assets Fund Balance$628,844$699,203▲ $70,359
Total Liabilities and Net Assets / Fund Balance$628,844$699,203▲ $70,359
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
Ronda GilroyPresident
Claudine HanleyBoard Trustee
Danielle KindlerBoard Trustee
Diana PageBoard Trustee
Emily TisdaleBoard Trustee
Jenny MarinakBoard Trustee
Matthew GilroyBoard Trustee
Niketh VelamoorBoard Trustee
Jennifer BoyleSchool Board Li
Maria MolinelliCo - Treasurer
Kristin MartinezCo-Treasurer
Jennie PastorCorporate Spons
Sapna CanetPromotions
Angela SchonbergRecruitment
Sarah McgillSecretary
Eric ByrneSuperintendent
Barbara HaleyVP of Communica
Jennifer ShirreffsVP of Grants
Rosana ColliniatesVP of Grants
Lisa RiddVP of Marketing
Revenue and Support

Revenue Composition

Contributions and Grants
$183,462
Program Service Revenue
$0
Investment Income
$11,007
Other Revenue
$383,761
All Other Contributions
$30,386
Change in Net Assets
$70,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$461,563
Other Expenses$46,308
Total Fundraising Expense$16,788
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$461,563--$461,563
Information Technology-$23,509-$23,509
Advertising--$10,032$10,032
Other Expenses-$2,885$6,756$2,885
Fees for Services Accounting-$2,275-$2,275
Insurance-$851-$851
Total Functional Expenses$461,563$29,520$16,788$507,871
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rye City School DistrictRye, NYGovAcademic Development$461,563
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$482,703
Fundraising Direct Expenses$98,942
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Gala$482,703$482,703$39,947$442,756
Annual Appeal$153,076---
Total Events$635,779$482,703$98,942$383,761
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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

“An independent cpa reviews the books and records and preperes the 990 which is then reviewed by the organization's managment”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Rye Fund for Education Inc
EIN
46-2481911
Phone
9149676100
Address
555 THEODORE FREMD AVE B-101, RYE, NY 10580

Signing Officer

Name
Kristin Martinez
Title
Co-Treasurer
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronda Gilroy
Formed
2013
Legal Domicile
Ny
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
25

Preparer

Firm
Ives Sultan & Spike CPAs
Address
100 Crossways Park Drive West, Woodbury, NY 11797
Preparer
Ralph Crisci CPA
Phone
5164969500
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SCHOOL BOARD LI
IRS990/Form990PartVIISectionAGrp/TitleTxt1SUPERINTENDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9VP OF GRANTS
IRS990/Form990PartVIISectionAGrp/TitleTxt10President
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP OF COMMUNICA
IRS990/Form990PartVIISectionAGrp/TitleTxt12VP OF GRANTS
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt15Co - Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Co-Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt17CORPORATE SPONS
IRS990/Form990PartVIISectionAGrp/TitleTxt18RECRUITMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19PROMOTIONS
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IRS990/MissionDesc0THE ENTITY WILL DEVELOP, COORDINATE, AND PROVIDE FUNDING FOR PROGRAMS AND ACTIVITIES THAT PROMOTE AND ENHANCE EDUCATIONAL EXCELLENCE IN THE RYE CITY SCHOOLS. THE FUND WILL FUNCTION AS A CENTRALIZED, MISSION DRIVEN ORGANIZATION RESPONSIVE TO THE EDUCATIONAL GOALS OF THE RYE CITY SCHOOL DISTRICT
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IRS990/OtherExpensesGrp/Desc1OFFICE AND GENERAL EXPENSES
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IRS990/OtherExpensesGrp/TotalAmt12885
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IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0ANNUAL APPEAL
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