Riverside Study Center Inc
- Assets
- $14.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1990
- Data as of
- 12/2021
- EIN
- 13-3547523
Organization Overview
Riverside Study Center Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Study Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Riverside Study Center Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.1% each year . All expenses for the organization totaled $3.0m during the year ending 12/2021. While expenses have increased by 36.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RELIGIOUS AND EDUCATIONAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DAILY RELIGOUS SERVICES AND WEEKLY CLASSES CONDUCTED ON PREMISES. IN ADDITION, RELIGIOUS SERVICES AND CLASSES CONDUCTED BY THE RESIDENT STAFF AT 7 LOCATIONS WITHIN A 50 MILE RADIUS AND OCCASIONALLY AT OTHER LOCATIONS THROUGHOUT THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John F Coverdale Director & President | OfficerTrustee | 10 | $0 |
Paul Gallagher Director & Treasurer | OfficerTrustee | 1 | $0 |
Luis M B Cabral Director & Secretary | OfficerTrustee | 1 | $0 |
Anthony Mccarthy Director & Vice-President | OfficerTrustee | 20 | $0 |
Mike Coan Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jrm Construction Management General Contractor | 12/30/20 | $4,890,774 |
Manuel Mergal Architect | 12/30/20 | $338,498 |
Original Window Inc Window Subcontractor | 12/30/20 | $203,816 |
Vva Llc Project Manager | 12/30/20 | $150,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,273,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,273,283 |
| Total Program Service Revenue | $151,025 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,424,338 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,471 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,110 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,502 |
| Insurance | $22,829 |
| All other expenses | $6,028 |
| Total functional expenses | $2,983,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,853 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,150,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,243,524 |
| Accounts payable and accrued expenses | $40,971 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,629 |
| Total liabilities | $43,600 |
| Net assets without donor restrictions | $14,199,924 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,243,524 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverside Study Center Inc has recieved totaling $4,668,402.
| Awarding Organization | Amount |
|---|---|
Woodlawn Foundation New Rochelle, NY PURPOSE: $92,250 for operations; $4,576,152 for renovation of physical plant. | $4,668,402 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodlawn Foundation New Rochelle, NY | $58,943,273 | $25,049,674 |
Catholic Charities Of Fairfield Bridgeport, CT | $9,651,392 | $11,217,776 |
Community Association Of Progressive Dominicans Inc New York, NY | $3,345,960 | $6,118,311 |
Society Of St Vincent De Paul In The Archdiocese Of Boston Inc Stoughton, MA | $14,459,247 | $5,990,877 |
Padre Pio Foundation Of America Inc Cromwell, CT | $9,995,841 | $8,304,771 |
Foundations In Faith Inc Bridgeport, CT | $29,514,744 | $3,129,315 |
Murray Hill Place Inc New York, NY | $43,211,368 | $5,022,335 |
Catholic Migration Services Inc Brooklyn, NY | $5,700,505 | $6,076,447 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
Riverside Study Center Inc New York, NY | $14,243,524 | $2,424,338 |
Hrh Management Corporation Huntingdon Valley, PA | $24,532,221 | $3,996,088 |
Blue Army Of Our Lady Of Fatima Usa Inc Washington, NJ | $5,683,960 | $2,629,820 |