Riverbend School Inc
- Assets
- $19.2m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 79
- Location
- Natick, MA
- Founding
- 08/1971
- Data as of
- 06/2021
- EIN
- 23-7122908
Organization Overview
Riverbend School Inc is located in Natick, MA. The organization was established in 1971. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2022, Riverbend School Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverbend 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, Riverbend School Inc generated $5.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 2.4% 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
A COLLABORATIVE MONTESSORI ENVIRONMENT THAT DEVELOPS SELF-MOTIVATED, INDEPENDENT LEARNERS BY INTEGRATING ACADEMIC EXCELLENCE AND A RESPECTFUL SOCIAL COMMUNITY THAT RESULTS IN CONFIDENCE AND LIFELONG ACHIEVEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERBEND SCHOOL PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 200 CHILDREN ANNUALLY FROM PRE-SCHOOL TO GRADE EIGHT. AT RIVERBEND, WE BELIEVE THAT DEEP LEARNING HAPPENS WITHIN A COLLABORATIVE COMMUNITY BUILT UPON MUTUAL RESPECT. OUR MONTESSORI APPROACH AND LOW STUDENT-TO-TEACHER RATIOS ALLOW OUR HIGHLY-TRAINED TEACHERS TO FOLLOW EACH CHILD BY DEVELOPING PERSONALIZED LEARNING PLANS WHILE ALSO NURTURING A STRONG SENSE OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Slade Head Of Scho | Officer | 40 | $211,679 |
Donna Strouse CFO | Officer | 40 | $128,710 |
Grace Yannakakis Asst Head Of | 40 | $110,253 | |
Lynn Shevory Dir Of Enrol | 40 | $103,659 | |
Shana Salzano Chair | OfficerTrustee | 2 | $0 |
Elizabeth Milewski Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ce Floyd Company Inc Construction | 6/29/21 | $4,743,781 |
Piatt Associates Inc Architect | 6/29/21 | $162,772 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $997,829 |
| Investment income | $1,732 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,696 |
| Net Gain/Loss on Asset Sales | -$7,624 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,470,805 |
| Statement of Expenses | |
|---|---|
| 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. | $346,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,243,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $283,083 |
| Payroll taxes | $198,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,156 |
| Fees for services: Accounting | $18,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,086 |
| Advertising and promotion | $70,052 |
| Office expenses | $110,686 |
| Information technology | $118,272 |
| Royalties | $0 |
| Occupancy | $351,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,600 |
| Interest | $263,226 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,929 |
| Insurance | $54,819 |
| All other expenses | $0 |
| Total functional expenses | $4,590,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,965 |
| Savings and temporary cash investments | $1,367,096 |
| Pledges and grants receivable | $144,195 |
| Accounts receivable, net | $3,412,586 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $15,859 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $123,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,151,375 |
| Accounts payable and accrued expenses | $330,438 |
| Grants payable | $0 |
| Deferred revenue | $4,822,933 |
| Tax-exempt bond liabilities | $7,504,984 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,733,123 |
| Unsecured mortgages and notes payable | $596,980 |
| Other liabilities | -$140,859 |
| Total liabilities | $14,847,599 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $4,303,776 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Riverbend School Inc has recieved totaling $2,996.
| Awarding Organization | Amount |
|---|---|
Fidelity Foundation Boston, MA PURPOSE: MATCHING GIFTS TO EDUCATION | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $621 |
Ford Foundation New York, NY PURPOSE: MATCHING GIFT | $375 |
Endowment Analysis
| Beg. Balance | $50,000 |
| Other Expense | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jumpstart For Young Children Inc Boston, MA | $20,704,200 | $25,715,901 |
Holyoke Chicopee Springfield Head Start Inc Springfield, MA | $4,876,659 | $18,197,572 |
Belmont Day School Inc Belmont, MA | $53,871,739 | $17,214,948 |
The Kingsley Montessori School Inc Boston, MA | $12,852,129 | $12,365,430 |
Waldorf School Of Garden City Garden City, NY | $13,682,215 | $13,601,476 |
Nashoba Brooks School Of Concord Concord, MA | $34,636,415 | $10,867,224 |
Chestnut Hill School Chestnut Hill, MA | $33,385,087 | $15,409,802 |
Montessori Association Of New York New York, NY | $10,174,836 | $11,317,799 |
West Side Montessori School New York, NY | $34,513,067 | $10,367,667 |
Crossroads Continuum Inc Hudson, MA | $10,592,948 | $12,454,903 |
Inly School Inc Scituate, MA | $15,613,460 | $10,498,509 |
Brooklyn Heights Montessori School Brooklyn, NY | $20,633,669 | $10,305,146 |