Riverside Educational Center
- Assets
- $579.9k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 279
- Location
- Grand Junction, CO
- Founding
- 12/2006
- Data as of
- 06/2021
- 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 06/2021, 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 06/2021, Riverside Educational Center generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.5% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 40.3% 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
TUTORING & AFTER SCHOOL ENRICHMENT - OVER 150 STUDENTS SERVED EVERY SEMESTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER SCHOOL TUTORING
AFTER SCHOOL TUTORING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Hudak Executive Di | Trustee | 40 | $90,000 |
Kelly Reuss President | OfficerTrustee | 2 | $0 |
Bill Raimer Treasurer | OfficerTrustee | 2 | $0 |
Kristine Kampf Secretary | OfficerTrustee | 2 | $0 |
Gordon Gallagher Vice Preside | OfficerTrustee | 2 | $0 |
Dennis Berry Director | Trustee | 2 | $0 |
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 | $2,044,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,044,780 |
| Total Program Service Revenue | $235,741 |
| Investment income | $636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $124,532 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,415,085 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $4,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,235,419 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,209 |
| Payroll taxes | $272,963 |
| 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 | $20,074 |
| Advertising and promotion | $3,011 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,717 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,687 |
| Insurance | $0 |
| All other expenses | $41,214 |
| Total functional expenses | $2,315,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $147,471 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $291,570 |
| Accounts receivable, net | $0 |
| 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 | $4,358 |
| Net Land, buildings, and equipment | $136,517 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $579,916 |
| Accounts payable and accrued expenses | $84,800 |
| 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 | $183,828 |
| Total liabilities | $268,628 |
| Net assets without donor restrictions | $278,788 |
| Net assets with donor restrictions | $32,500 |
| 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 | $579,916 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverside Educational Center has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Wilson Family Foundation Grand Junction, CO PURPOSE: OPERATING SUPPORT | $2,500 |
Peer Organizations
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|---|---|---|
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Northwest Christian School Phoenix, AZ | $14,587,608 | $15,711,697 |
Fit Kids Inc Scottsdale, AZ | $27,357,951 | $13,904,484 |
Community Action Partnership Of Mid-Nebraska Kearney, NE | $10,567,482 | $13,526,656 |
Center For Academic Success Sierra Vista, AZ | $18,278,347 | $12,993,576 |
Oklahoma Connections Academy Inc Bartlesville, OK | $2,156,539 | $12,078,246 |
Denver Scholarship Foundation Denver, CO | $33,817,323 | $13,999,484 |
Mccalls Chapel School Inc Ada, OK | $9,915,625 | $11,707,804 |
Shonto Governing Board Of Education Inc Shonto, AZ | $17,193,292 | $18,993,066 |
Oklahoma State University Research Foundation Inc Stillwater, OK | $8,047,594 | $10,291,004 |