River Springs Charter School Inc
- Assets
- $93.7m
- Revenue
- $73.9m
- Investments
- $0.0
- Employees
- 940
- Location
- Temecula, CA
- Founding
- 05/2009
- Data as of
- 06/2021
- EIN
- 20-5069467
Organization Overview
River Springs Charter School Inc is located in Temecula, CA. The organization was established in 2009. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, River Springs Charter School Inc employed 940 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Springs Charter School 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 06/2021, River Springs Charter School Inc generated $73.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $72.3m during the year ending 06/2021. While expenses have increased by 5.4% per year over the past 6 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
A TK-12TH GRADE CHARTER SCHOOL OFFERING EACH OF ITS STUDENTS A PERSONALIZED ACADEMIC PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A CALIFORNIA PUBLIC CHARTER SCHOOL: DURING 2020-21, RIVER SPRINGS CHARTER SCHOOL (RSCS) SERVED APPROXIMATELY 6,620 STUDENTS. RSCS IS A PARENT CHOICE SCHOOL WHERE THE COMMUNITY IS THE CLASSROOM. RSCS IS OPEN TO ALL STUDENTS IN GRADES TK-12. RSCS BELIEVES THAT LEARNING BEST OCCURS WHEN STUDENTS ARE EDUCATED THROUGH A PERSONALIZED LEARNING (PL), GOAL-ORIENTED CURRICULUM WHICH IS DEVELOPED UTILIZING HOME-BASED LEARNING MODELS, INTERNSHIPS, COMMUNITY-BASED EDUCATIONAL PROGRAMS, GROUP SEMINARS, DISTANCE LEARNING VIA CURRENT TECHNOLOGY, SUPPLEMENTAL LEARNING PROJECTS, AND CURRENT EDUCATIONAL RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Hermsmeyer Superintendent | 21 | $186,874 | |
Debra Daniel Asst Supt. | 21 | $146,371 | |
Katherine Pangle Sr. Director Acade | 21 | $144,433 | |
Amy Wright-Podratz Asst Super Admin | 21 | $143,224 | |
Vivian Price Asst Supt. | 21 | $139,052 | |
Rachel Couch Chair Person | OfficerTrustee | 2 | $6,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hill Consulting Services Llc Sped Services | 6/29/21 | $325,580 |
Lawn Works Landscaping Services | 6/29/21 | $153,950 |
Stand Guard Security Team Security | 6/29/21 | $107,886 |
My Therapy Company Sped Services | 6/29/21 | $194,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,001,303 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,001,303 |
| Total Program Service Revenue | $0 |
| Investment income | $48,868 |
| 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 | $73,899,584 |
| 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. | $39,000 |
| Compensation of current officers, directors, key employees. | $5,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,360,120 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,280,826 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,350,818 |
| Advertising and promotion | $623,688 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,842,309 |
| Travel | $453,951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,109,127 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,615,881 |
| Insurance | $692,238 |
| All other expenses | $180,834 |
| Total functional expenses | $72,346,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,000 |
| Savings and temporary cash investments | $28,601,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,460,337 |
| 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 | $87,810 |
| Net Land, buildings, and equipment | $47,260,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,187,603 |
| Total assets | $93,652,592 |
| Accounts payable and accrued expenses | $3,551,357 |
| Grants payable | $13,065,000 |
| Deferred revenue | $355,895 |
| Tax-exempt bond liabilities | $47,872,255 |
| 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 | $9,870,811 |
| Total liabilities | $74,715,318 |
| Net assets without donor restrictions | $18,937,274 |
| 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 | $93,652,592 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that River Springs Charter School Inc has recieved totaling $246.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $246 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocketship Education Redwood City, CA | $74,871,482 | $120,667,231 |
American Leadership Academy Inc Mesa, AZ | $282,415,478 | $95,654,658 |
Five Keys Schools And Programs San Francisco, CA | $50,545,317 | $97,031,582 |
Inspire Charter Schools Duarte, CA | $15,814,456 | $76,018,441 |
Edkey Inc Mesa, AZ | $135,819,543 | $83,812,049 |
River Springs Charter School Inc Temecula, CA | $93,652,592 | $73,899,584 |
Granada Hills Charter Granada Hills, CA | $124,597,337 | $79,128,584 |
California Online Public Schools San Juan Capistrano, CA | $32,661,705 | $70,303,969 |
Camino Nuevo Charter Academy Los Angeles, CA | $62,441,915 | $60,583,098 |
Gateway Community Charters Mcclellan, CA | $96,780,042 | $72,531,964 |
Visions In Education Carmichael, CA | $94,876,505 | $77,038,173 |
Ofl-Baldwin Park Inc Pasadena, CA | $26,446,895 | $59,505,291 |