Riverside Educational Center FY2022 filing

Tax-deductible

Grand Jct, CO501(c)(3)Since 2006EducationEIN 20-5451495

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Riverside Educational Center provides mesa county students with high-quality academic and extracurricular experiences during out-of-school time to foster individual growth and to create community within a safe, diverse, equitable and inclusive environment.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$87K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $903K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$87K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $136K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$284K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+56% vs prior year
Spent
$3.5M
To programs
87%
Net assets
$520K
By yearFY2020–FY2024
Revenue
$3.8M
FY2022▲ +56%
Revenue by fiscal year
FY2020$1.4M
FY2021$2.4M
FY2022$3.8M
FY2023$6.7M
FY2024$6.4M
FY2024$3.6M
Expenses
$3.5M
FY2022▲ +53%
Expenses by fiscal year
FY2020$1.6M
FY2021$2.3M
FY2022$3.5M
FY2023$4.4M
FY2024$4.3M
FY2024$3.8M
Net assets
$520K
FY2022▲ +67%
Net assets by fiscal year
FY2020$159K
FY2021$311K
FY2022$520K
FY2023$2.8M
FY2024$4.9M
FY2024$4.7M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2006.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $3.1M Management & general 11% · $374K Fundraising 3% · $96K

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

16 people listed on the 990; $87K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Executive Di
$87,464Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jack Curry’s $90K as Executive Director is at the 25th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Joy Hudak—$104,828$98,955$87,464$90,000$82,550
Jack Curry$89,800—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Riverside Educational Center 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 15aYes

Programs and updates

Provides after-school tutoring and enrichment for students at 16 schools.

Provided by the organization

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1 program · $3.1M · in their own filed words · FY2021
01

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.

$3.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$136K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Gifts and grantsLn 1h$3.4M
Fees for servicesLn 2g$222K
Other incomeLn 4–11$162K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$374K
Fundraisingcol D$96K
Owns and owesPt X
$520K
net assets · Ln 32
Cash and savingsLn 1–2$191K
Total assetsLn 16$803K
LiabilitiesLn 26$284K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.4M
Government grantsLn 1e$2.4M
Noncash giftsLn 1g$79K
Fundraising eventsLn 1c$26K
Fees for servicesLn 2g$222K
Investment incomeLn 3$130
Other incomeLn 4–11$162K
Gains on assetsLn 7−$2K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$191K
Cash and savings togetherLn 1–2$191K
Land, buildings, equipmentLn 10c$166K
Total assetsLn 16$803K
LiabilitiesLn 26$284K
Net assetsLn 32$520K
OperationsPt I, VI
EmployeesI 5252
VolunteersI 630
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 FY22End FY22
Cash and savingsLn 1–2$147K$191K
Land, buildings, equipmentLn 10c$137K$166K
Total assetsLn 16$580K$803K
LiabilitiesLn 26$269K$284K
Net assetsLn 32$311K$520K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$87K$80K$8K
Other salaries and wagesLn 7$2.1M$1.9M$41K$73K
Other employee benefitsLn 9$211K$176K$35K
Payroll taxesLn 10$209K$187K$16K$7K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$6K$4K$2K
Advertising and promotionLn 12$3K$1K$2K
Office expensesLn 13$9K$5K$2K$2K
Information technologyLn 14$27K$8K$19K
OccupancyLn 16$267K$183K$80K$4K
TravelLn 17$31K$31K
Conferences, conventions and meetingsLn 19$23K$21K$2K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$44K$44K
Other expenses (24a–d)Ln 24$509K$508K$749
All other expensesLn 24e$16K$15K$500
Total functional expensesLn 25$3.5M$3.1M$374K$96K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $6.4M$4.3M$2.1M$4.9M 990 PDF
FY2023 $6.7M$4.4M$2.3M$2.8M 990 PDF
FY2022 Viewing $3.8M$3.5M$209K$520K 990 PDF
FY2021 $2.4M$2.3M$99K$311K 990 PDF
FY2020 $1.4M$1.6M−$204K$159K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $3,756,847 across 10 lines filed
VIII-1c Fundraising events$25,700
VIII-1e Government grants$2,382,386
VIII-1f All other contributions, gifts and grants$964,911
VIII-1g Noncash contributions (included above)$78,663
VIII-1h Total contributions, gifts and grants$3,372,997
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $221,526$221,526
VIII-3 Investment incomeExcluded from tax $130$130
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,031−$2,031
VIII-8 Net income from fundraising eventsExcluded from tax $164,225$164,225
VIII-12 Total revenueRelated to mission $219,495 · Excluded from tax $164,355$3,756,847
Part IX · Statement of functional expenses $3,548,325 across 17 lines filed
IX-5 Pay of current officers, directors and key staffManagement $79,964 · Fundraising $7,500$87,464
IX-7 Other salaries and wagesPrograms $1,941,367 · Management $40,755 · Fundraising $72,573$2,054,695
IX-9 Other employee benefitsPrograms $175,751 · Management $34,808$210,559
IX-10 Payroll taxesPrograms $186,517 · Management $15,555 · Fundraising $6,951$209,023
IX-11c Accounting feesManagement $13,500$13,500
IX-11g Other fees for servicesPrograms $3,663 · Management $2,315$5,978
IX-12 Advertising and promotionManagement $1,368 · Fundraising $2,019$3,387
IX-13 Office expensesPrograms $5,403 · Management $2,015 · Fundraising $1,835$9,253
IX-14 Information technologyPrograms $8,388 · Management $18,977$27,365
IX-16 OccupancyPrograms $183,127 · Management $80,002 · Fundraising $4,184$267,313
IX-17 TravelPrograms $30,675$30,675
IX-19 Conferences, conventions and meetingsPrograms $20,890 · Management $2,465$23,355
IX-20 InterestManagement $2,995$2,995
IX-22 Depreciation, depletion and amortizationManagement $34,081$34,081
IX-23 InsuranceManagement $44,401$44,401
IX-24 Other expenses (24a–d)Programs $508,016 · Fundraising $749$508,765
IX-24e All other expensesPrograms $15,016 · Management $500$15,516
IX-25 Total functional expensesPrograms $3,078,813 · Management $373,701 · Fundraising $95,811$3,548,325
Part X · Balance sheet $803,471 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $147,471$191,238
X-3 Pledges and grants receivableStart of year $291,570$416,706
X-4 Accounts receivable$29,408
X-10c Land, buildings and equipment, netStart of year $136,517$166,119
X-16 Total assetsStart of year $579,916$803,471
X-17 Accounts payable and accrued expensesStart of year $84,800$78,395
X-25 Other liabilitiesStart of year $183,828$205,266
X-26 Total liabilitiesStart of year $268,628$283,661
X-27 Net assets without donor restrictionsStart of year $278,788$513,260
X-28 Net assets with donor restrictionsStart of year $32,500$6,550
X-32 Total net assets or fund balancesStart of year $311,288$519,810
X-33 Total liabilities and net assetsStart of year $579,916$803,471
Part XI · Reconciliation of net assets $519,810 net assets at year end
XI-1 Total revenue$3,756,847
XI-2 Total expenses$3,548,325
XI-3 Revenue less expenses$208,522
XI-4 Net assets at start of year$311,288
XI-10 Net assets at end of year$519,810

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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