Riverside Educational Center
- Assets
- $803.5k
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 279
- Location
- Grand Junction, CO
- Founding
- 12/2006
- Data as of
- 06/2022
- EIN
- 20-5451495
Organization Overview
Riverside Educational Center is located in Grand Junction, CO. The organization was established in 2006. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2022, Riverside Educational Center employed 279 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Educational Center 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 06/2022, Riverside Educational Center generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $3.5m during the year ending 06/2022. While expenses have increased by 42.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TUTORING & AFTER SCHOOL ENRICHMENT FOR STUDENTS AT 15 SCHOOLS ACROSS MESA COUNTY VALLEY SCHOOL DISTRICT 51.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REC PROVIDED IT'S AFTERSCHOOL SERVICES TO STUDENTS AT 15 SCHOOLS ACROSS MESA COUNTY VALLEY SCHOOL DISTRICT 51 IN THE FISCAL YEAR ENDED 6/30/2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Hudak Executive Di | Trustee | 40 | $87,464 |
Steve Bennett Treasurer | Trustee | 2 | $0 |
Dennis Berry Member | Trustee | 1 | $0 |
Gordon Gallagher Vice Preside | Trustee | 2 | $0 |
Louise Goodman Member | Trustee | 1 | $0 |
Sue Gormley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $25,700 |
| Related organizations | $0 |
| Government grants | $2,382,386 |
| All other contributions, gifts, grants, and similar amounts not included above | $964,911 |
| Noncash contributions included in lines 1a–1f | $78,663 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,372,997 |
| Total Program Service Revenue | $221,526 |
| Investment income | $130 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,031 |
| Net Income from Fundraising Events | $164,225 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,756,847 |
| 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. | $87,464 |
| Compensation of current officers, directors, key employees. | $79,964 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,054,695 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $210,559 |
| Payroll taxes | $209,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,978 |
| Advertising and promotion | $3,387 |
| Office expenses | $9,253 |
| Information technology | $27,365 |
| Royalties | $0 |
| Occupancy | $267,313 |
| Travel | $30,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,355 |
| Interest | $2,995 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,081 |
| Insurance | $44,401 |
| All other expenses | $15,516 |
| Total functional expenses | $3,548,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,238 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $416,706 |
| Accounts receivable, net | $29,408 |
| 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 | $166,119 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $803,471 |
| Accounts payable and accrued expenses | $78,395 |
| 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 | $205,266 |
| Total liabilities | $283,661 |
| Net assets without donor restrictions | $513,260 |
| Net assets with donor restrictions | $6,550 |
| 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 | $803,471 |