Civic Intelligence

Riverfield Academy

990 • Fiscal year 2024 • EIN 72-0690242

Jun 01, 2023 to May 31, 2024 • Filed on Oct 21, 2024

115 Riverfield DriveRayville, LA 71269

(318) 728-3281

Siviq Scores

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

Liabilities / Assets

49th percentile

0.12x

Higher debt load relative to assets than 49% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.20x

Higher debt load relative to revenue than 54% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

26th percentile

$46,761

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

62nd percentile

8.8%

Faster asset growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2024 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,359,733

Up $433,652 (+8.8%) from 2023

Net Assets

Up

$4,725,151

Up $554,791 (+13%) from 2023

Liabilities

Down

$634,582

Down $121,139 (-16%) from 2023

Revenue

Down

$3,253,048

Down $851,145 (-21%) from 2023

Expenses

Down

$2,698,257

Down $294,491 (-9.8%) from 2023

Net Income

Down

$554,791

Down $556,654 (-50%) from 2023

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $1,541,140Liabilities 2012: $4,633Net Assets 2012: $1,536,5072012Assets 2013: $1,793,439Liabilities 2013: $84,725Net Assets 2013: $1,708,7142013Assets 2014: $2,041,470Liabilities 2014: $177,495Net Assets 2014: $1,863,9752014Assets 2015: $2,115,213Liabilities 2015: $67,160Net Assets 2015: $2,048,0532015Assets 2016: $2,521,777Liabilities 2016: $291,915Net Assets 2016: $2,229,8622016Assets 2017: $2,511,527Liabilities 2017: $301,671Net Assets 2017: $2,209,8562017Assets 2018: $2,671,433Liabilities 2018: $182,221Net Assets 2018: $2,489,2122018Assets 2019: $2,844,731Liabilities 2019: $116,285Net Assets 2019: $2,728,4462019Assets 2020: $3,161,134Liabilities 2020: $421,420Net Assets 2020: $2,739,7142020Assets 2021: $3,388,449Liabilities 2021: $422,957Net Assets 2021: $2,965,4922021Assets 2022: $4,309,612Liabilities 2022: $1,250,698Net Assets 2022: $3,058,9142022Assets 2023: $4,926,081Liabilities 2023: $755,721Net Assets 2023: $4,170,3602023Assets 2024: $5,359,733Liabilities 2024: $634,582Net Assets 2024: $4,725,1512024Assets 2025: $5,568,574Liabilities 2025: $543,543Net Assets 2025: $5,025,0312025

Highlighted filing

2024

Assets$5,359,733
Liabilities$634,582
Net Assets$4,725,151

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $1,528,651Expenses 2012: $1,437,539Net Income 2012: $91,1122012Revenue 2013: $1,702,890Expenses 2013: $1,530,683Net Income 2013: $172,2072013Revenue 2014: $1,885,908Expenses 2014: $1,730,647Net Income 2014: $155,2612014Revenue 2015: $2,132,093Expenses 2015: $1,948,015Net Income 2015: $184,0782015Revenue 2016: $2,256,721Expenses 2016: $2,074,912Net Income 2016: $181,8092016Revenue 2017: $2,268,563Expenses 2017: $2,288,569Net Income 2017: -$20,0062017Revenue 2018: $2,542,892Expenses 2018: $2,343,536Net Income 2018: $199,3562018Revenue 2019: $2,527,670Expenses 2019: $2,288,436Net Income 2019: $239,2342019Revenue 2020: $2,496,672Expenses 2020: $2,485,405Net Income 2020: $11,2672020Revenue 2021: $2,942,797Expenses 2021: $2,717,019Net Income 2021: $225,7782021Revenue 2022: $2,888,343Expenses 2022: $2,794,920Net Income 2022: $93,4232022Revenue 2023: $4,104,193Expenses 2023: $2,992,748Net Income 2023: $1,111,4452023Revenue 2024: $3,253,048Expenses 2024: $2,698,257Net Income 2024: $554,7912024Revenue 2025: $2,967,553Expenses 2025: $2,667,672Net Income 2025: $299,8812025

Highlighted filing

2024

Revenue$3,253,048
Expenses$2,698,257
Net Income$554,791
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Oct 21, 2024
Return Version
2023v5.1
Gross Receipts
$3,454,199
Mission and Program Overview

Mission

EDUCATIONAL PURPOSES

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,665,527$4,220,318▲ $554,791
Land, Buildings, and Equipment, Net$3,189,759$3,110,566▼ $79,193
Savings and Temporary Cash Investments$1,489,254$1,476,682▼ $12,572
Cash and Non-Interest-Bearing Accounts$246,903$772,320▲ $525,417
Pd in Cap Srpls Land Bldg Eqp Fund$504,833$504,833→ $0
Total Assets$4,926,081$5,359,733▲ $433,652
Other Assets Total$165$165→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$611,882$468,114▼ $143,768
Deferred Revenue$143,839$166,468▲ $22,629
Total Liabilities$755,721$634,582▼ $121,139
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,170,360$4,725,151▲ $554,791
Total Liabilities and Net Assets / Fund Balance$4,926,081$5,359,733▲ $433,652

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,451,951$1,678,925$4,130,876
Equipment$93,025$964,564$1,057,589
Other Land Buildings$464,018$548,485$1,012,503
Land$101,572-$101,572
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
April WordPrincipalFT$46,761$46,761

Board Members and Trustees

NameTitle
Kim M MillsPresident
Dan BranchVice-president
Lee ThomasonDirector
Massey SheltonDirector
Matt PrineDirector
Tom AllenDirector
John MulhernSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$28,836
Program Service Revenue
$2,719,238
Investment Income
$50,357
Other Revenue
$454,617
All Other Contributions
$28,836
Change in Net Assets
$554,791
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,863,844
Other Expenses$834,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,614,501--$1,614,501
Occupancy$269,934--$269,934
Depreciation Depletion$198,745--$198,745
Payroll Taxes$129,419--$129,419
Insurance$128,557--$128,557
Current Officers, Directors, Trustees, and Key Employees$77,249--$77,249
Office Expenses$56,526--$56,526
Pension Plan Contributions$42,675--$42,675
Other Expenses$36,779--$36,779
Interest$22,232--$22,232
All Other Expenses$19,949--$19,949
Fees for Services Accounting$4,400--$4,400
Advertising$742--$742
Total Functional Expenses$2,698,257$0$0$2,698,257
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$448,985
Fundraising Direct Expenses$50,222
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$448,985$448,985$50,222$398,763
Total Events$448,985$448,985$50,222$398,763
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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, Part VI, Section A, Line 7A

The parents of the presently enrolled students elect the members directors of the governing body.

Form 990, Part VI, Section B, Line 11

The president reviews the form 990 before signing the return.

Form 990, Part VI, Section C, Line 19

These items are available to review upon request.

Form 990, Part VIII, Line 8C

The sale of donated merchandise is exempt under section 512.

Filing and Contact Details

Filer

Filer Name
Riverfield Academy
EIN
72-0690242
Address
115 RIVERFIELD DRIVE, RAYVILLE, LA 71269

Signing Officer

Name
Kimberly M Mills
Title
President
Signed
2024-10-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimberly M Mills
Formed
1970
Legal Domicile
La
Voting Board Members
7
Independent Board Members
7
Employees
90
Volunteers
100

Preparer

Firm
OSWALT & ZARRO CPA'S
Address
204 FAIR AVENUE SUITE B, WINNSBORO, LA 71295
Preparer
Joseph J Zarro CPA
Phone
3184355584
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03253048
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03665527
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04220318
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt01476682
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02451951
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01678925
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04130876
IRS990ScheduleD/EquipmentGrp/BookValueAmt093025
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0964564
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01057589
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0101572
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0101572
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0464018
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0548485
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01012503
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03110566
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL RECEIVES SOME TEXTBOOKS FROM THE STATE OF LOUISIANA . ADDITIONALLY, THE SCHOOL RECEIVES SOME FUNDS FROM THE STATE OF LOUISIANA FOR PROVIDING REQUIRED SERVICES.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc06a
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0CARNIVAL/AUCTIONS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0true
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0448985
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0448985
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0RIVERFIELD ACADEMY INC
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0115 RIVERFIELD DRIVE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0RAYVILLE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0LA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd071269
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt050222
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0448985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0448985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0448985
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0448985
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0398763
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt050222
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt050222
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0448985
IRS990ScheduleG/TotalNetToOrganizationAmt0448985
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PARENTS OF THE PRESENTLY ENROLLED STUDENTS ELECT THE MEMBERS DIRECTORS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT REVIEWS THE FORM 990 BEFORE SIGNING THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE ITEMS ARE AVAILABLE TO REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SALE OF DONATED MERCHANDISE IS EXEMPT UNDER SECTION 512.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VIII, Line 8C
IRS990/SchoolOperatingInd0true
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04926081
IRS990/TotalAssetsEOYAmt05359733
IRS990/TotalAssetsGrp/BOYAmt04926081
IRS990/TotalAssetsGrp/EOYAmt05359733
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt028836
IRS990/TotalEmployeeCnt090
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02698257
IRS990/TotalFunctionalExpensesGrp/TotalAmt02698257
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0755721
IRS990/TotalLiabilitiesEOYAmt0634582
IRS990/TotalLiabilitiesGrp/BOYAmt0755721
IRS990/TotalLiabilitiesGrp/EOYAmt0634582
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04170360
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04725151
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0129386
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0129386
IRS990/TotalProgramServiceExpensesAmt02698257
IRS990/TotalProgramServiceRevenueAmt02719238
IRS990/TotalReportableCompFromOrgAmt046761
IRS990/TotalRevenueGrp/ExclusionAmt0398763
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02825449
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03253048
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04926081
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05359733
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt063 RIVERBEND LOOP
IRS990/USAddress/CityNm0RAYVILLE
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd071269
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KIMBERLY M MILLS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.57$0.54$5.03$2.97$2.67$0.30
2024Detailed filing. Detailed filing data is available for this year.$5.36$0.63$4.73$3.25$2.70$0.55
2023Detailed filing. Detailed filing data is available for this year.$4.93$0.76$4.17$4.10$2.99$1.11
2022Detailed filing. Detailed filing data is available for this year.$4.31$1.25$3.06$2.89$2.79$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.39$0.42$2.97$2.94$2.72$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.16$0.42$2.74$2.50$2.49$0.01
2019Detailed filing. Detailed filing data is available for this year.$2.84$0.12$2.73$2.53$2.29$0.24
2018Detailed filing. Detailed filing data is available for this year.$2.67$0.18$2.49$2.54$2.34$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.51$0.30$2.21$2.27$2.29$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.52$0.29$2.23$2.26$2.07$0.18
2015Summary only. Only limited summary data is available for this year.$2.12$0.07$2.05$2.13$1.95$0.18
2014Summary only. Only limited summary data is available for this year.$2.04$0.18$1.86$1.89$1.73$0.16
2013Summary only. Only limited summary data is available for this year.$1.79$0.08$1.71$1.70$1.53$0.17
2012Summary only. Only limited summary data is available for this year.$1.54$0.00$1.54$1.53$1.44$0.09