The River Vale Educational Fund (rvef) is a nonprofit organization that operates independent of the board of education. The goal of the rvef is to provide supplementary funding to help maintain the district's commitment to excellence. The River Vale Educational Fund provides privately-raised, non-tax dollar financing that will assist in guaranteeing that the school district will provide the finest education experiences for each and every student.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $322K a year · 23% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $98
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$203K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$519K
Spent
$737K
To programs
92%
Net assets
$609K
By yearFY2021–FY2025
Revenue
$519K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$519K
FY2022$1.7M
FY2023$1.5M
FY2024$1.6M
FY2025$1.8M
Expenses
$737K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$737K
FY2022$864K
FY2023$1.1M
FY2024$1.3M
FY2025$1.5M
Net assets
$609K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$609K
FY2022$1.5M
FY2023$1.8M
FY2024$2.1M
FY2025$2.4M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Mar 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $675K Management & general 8% · $62K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See River Vale Educational Fund INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds schools to enhance student education experiences with privately raised money.

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2 programs · $675K · in their own filed words · FY2020
01

The A.C.E. Before and after school program is designed to supervise the students of our schools in a caring and nurturing environment. This program allows for the peace of mind that the children are being watched with the same care and manner they receive during the school day. Our A.C.E.

$659Kprogram expense
02

School District Grants

The rvef board members designate, discuss, vote and approve which donations are made and to which school. Generally, a donation will be made to both grammar schools at once or to the middle school. The board members determine what investments to make with no input from teachers or staff members.

$16Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$98
Grants paid · 5 grants · $780K · 2020–2024
River Vale Board of EducationFY2024$308,786
River Vale Board of EducationFY2023$223,667
River Vale Board of EducationFY2022$207,978
River Vale Board of EducationFY2021$24,092
River Vale Board of EducationFY2020$15,950

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$519K
Ln 12
Fees for servicesLn 2g$421K
Gifts and grantsLn 1h$92K
Investment incomeLn 3$6K
Money outPt IX
$737K
Ln 25
Programscol B$675K
Managementcol C$62K
Owns and owesPt X
$609K
net assets · Ln 32
Cash and savingsLn 1–2$795K
Total assetsLn 16$813K
LiabilitiesLn 26$203K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$92K
Government grantsLn 1e$85K
Fees for servicesLn 2g$421K
Investment incomeLn 3$6K
Other incomeLn 4–11$108
Gains on assetsLn 7$0
Total revenueLn 12$519K
Assets in detailPt X, end of year
CashLn 1$543K
SavingsLn 2$252K
Cash and savings togetherLn 1–2$795K
Land, buildings, equipmentLn 10c$2K
Other assetsLn 15$950
Total assetsLn 16$813K
LiabilitiesLn 26$203K
Net assetsLn 32$609K
OperationsPt I, VI
EmployeesI 563
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.2M$795K
Land, buildings, equipmentLn 10c$2K$2K
Total assetsLn 16$1.2M$813K
LiabilitiesLn 26$400K$203K
Net assetsLn 32$827K$609K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$16K$16K
Other salaries and wagesLn 7$528K$493K$35K
Payroll taxesLn 10$37K$25K$12K
Management feesLn 11a$3K$1K$2K
Accounting feesLn 11c$9K$4K$5K
Office expensesLn 13$27K$19K$8K
OccupancyLn 16$20K$20K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$811$568$243
InsuranceLn 23$68K$68K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$737K$675K$62K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.8M$1.5M$317K$2.4M 990 PDF
FY2024 $1.6M$1.3M$311K$2.1M 990 PDF
FY2023 $1.5M$1.1M$339K$1.8M 990 PDF
FY2022 $1.7M$864K$858K$1.5M 990 PDF
FY2021 Viewing $519K$737K−$218K$609K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $519,469 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62$91,847
I-9 Program service revenuePrior year $1,102,390$421,202
I-10 Investment incomePrior year $17,034$6,312
I-11 Other revenuePrior year $210$108
I-12 Total revenuePrior year $1,119,696$519,469
I-13 Grants and similar amounts paidPrior year $293,931$15,950
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $639,981$565,197
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $225,793$155,858
I-18 Total expensesPrior year $1,159,705$737,005
I-19 Revenue less expensesPrior year −$40,009−$217,536
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $519,469 across 8 lines filed
VIII-1e Government grants$84,613
VIII-1f All other contributions, gifts and grants$7,234
VIII-1h Total contributions, gifts and grants$91,847
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $421,202$421,202
VIII-3 Investment incomeExcluded from tax $6,312$6,312
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $108$108
VIII-12 Total revenueRelated to mission $421,202 · Unrelated business $0 · Excluded from tax $6,420$519,469
Part IX · Statement of functional expenses $737,005 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $15,950$15,950
IX-7 Other salaries and wagesPrograms $493,193 · Management $34,692$527,885
IX-10 Payroll taxesPrograms $24,977 · Management $12,335$37,312
IX-11a Management feesPrograms $1,070 · Management $1,580$2,650
IX-11c Accounting feesPrograms $3,634 · Management $5,366$9,000
IX-13 Office expensesPrograms $18,583 · Management $7,964$26,547
IX-16 OccupancyPrograms $19,500$19,500
IX-19 Conferences, conventions and meetingsPrograms $1,954$1,954
IX-22 Depreciation, depletion and amortizationPrograms $568 · Management $243$811
IX-23 InsurancePrograms $67,985$67,985
IX-24 Other expenses (24a–d)Programs $27,411$27,411
IX-25 Total functional expensesPrograms $674,825 · Management $62,180 · Fundraising $0$737,005
Part X · Balance sheet $812,665 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $445,757$542,935
X-2 Savings and temporary cash investmentsStart of year $756,590$252,371
X-9 Prepaid expenses and deferred chargesStart of year $21,185$14,839
X-10c Land, buildings and equipment, netStart of year $2,381$1,570
X-15 Other assetsStart of year $950$950
X-16 Total assetsStart of year $1,226,863$812,665
X-17 Accounts payable and accrued expensesStart of year $122,982$43,984
X-19 Deferred revenueStart of year $156,028$0
X-25 Other liabilitiesStart of year $121,046$159,410
X-26 Total liabilitiesStart of year $400,056$203,394
X-27 Net assets without donor restrictionsStart of year $826,807$609,271
X-32 Total net assets or fund balancesStart of year $826,807$609,271
X-33 Total liabilities and net assetsStart of year $1,226,863$812,665
Part XI · Reconciliation of net assets $609,271 net assets at year end
XI-1 Total revenue$519,469
XI-2 Total expenses$737,005
XI-3 Revenue less expenses−$217,536
XI-4 Net assets at start of year$826,807
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$609,271

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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