Riverside Preparatory School FY2024 filing

Tax-deductible

Oro Grande, CA501(c)(3)Since 2009EducationEIN 26-4614065

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To provide each student with an education that will fit that student's academic needs and will provide the student with a high academic, renaissance education that will meet state standards and prepare students for higher educational opportunities and lifelong learning.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $3.4M a year · 10% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.5M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$41.9M
-2% vs prior year
Spent
$39.7M
To programs
70%
Net assets
$32.1M
By yearFY2020–FY2024
Revenue
$41.9M
FY2024▼ -2%
Revenue by fiscal year
FY2020$26.7M
FY2021$31.2M
FY2022$32.7M
FY2023$42.9M
FY2024$41.9M
FY2024$40.8M
Expenses
$39.7M
FY2024▲ +10%
Expenses by fiscal year
FY2020$24.1M
FY2021$26.1M
FY2022$32.4M
FY2023$36.1M
FY2024$39.7M
FY2024$39.2M
Net assets
$32.1M
FY2024▲ +8%
Net assets by fiscal year
FY2020$17.8M
FY2021$22.9M
FY2022$23.0M
FY2023$29.8M
FY2024$32.1M
FY2024$33.7M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Aug 2010.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $27.7M Management & general 30% · $11.9M

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

17 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President (july-Nov)
$0Pt VII · Sec A
President (dec-Jun)
$0Pt VII · Sec A
Clerk (july-Jun)
$0Pt VII · Sec A
Asst. Supt. Business Servi (july-Apr)
$0Pt VII · Sec A
Superintendent
$0Pt VII · Sec A
Asst. Supt. HR/Personnel
$0Pt VII · Sec A
Exec. Dir. Special Services
$0Pt VII · Sec A
Principal - Middle School
$0Pt VII · Sec A
See Riverside Preparatory School 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 personalized education tailored to each student's academic needs.

Provided by the organization

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1 program · $27.7M · in their own filed words · FY2023
01

A seat time TK-12 charter school, serving students from the oro grande, barstow, victorville, hesperia, apple valley, phelan, helendale, oak hills, and adelanto communities. Students participate in a college preparatory program that emphasizes project-based learning and 21ST century skills.

$27.7Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$41.9M
Ln 12
Gifts and grantsLn 1h$41.6M
Investment incomeLn 3$360K
Money outPt IX
$39.7M
Ln 25
Programscol B$27.7M
Managementcol C$11.9M
Owns and owesPt X
$32.1M
net assets · Ln 32
Cash and savingsLn 1–2$11.1M
Total assetsLn 16$37.6M
LiabilitiesLn 26$5.5M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$41.6M
Government grantsLn 1e$41.3M
Investment incomeLn 3$360K
Total revenueLn 12$41.9M
Assets in detailPt X, end of year
SavingsLn 2$11.1M
Cash and savings togetherLn 1–2$11.1M
Land, buildings, equipmentLn 10c$25.3M
Total assetsLn 16$37.6M
LiabilitiesLn 26$5.5M
Net assetsLn 32$32.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$11.3M$11.1M
Land, buildings, equipmentLn 10c$20.3M$25.3M
Total assetsLn 16$33.8M$37.6M
LiabilitiesLn 26$4.0M$5.5M
Net assetsLn 32$29.8M$32.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17.2M$14.0M$3.2M
Pension plan contributionsLn 8$4.5M$3.7M$827K
Other employee benefitsLn 9$2.2M$1.7M$503K
Payroll taxesLn 10$844K$670K$173K
Legal feesLn 11b$23K$23K
Other fees for servicesLn 11g$9.7M$3.7M$6.0M
Office expensesLn 13$248$248
Information technologyLn 14$447K$447K
OccupancyLn 16$1.0M$322K$719K
TravelLn 17$7K$7K
Conferences, conventions and meetingsLn 19$52K$52K
Depreciation, depletion and amortizationLn 22$1.2M$1.2M
InsuranceLn 23$372K$372K
Other expenses (24a–d)Ln 24$2.0M$1.9M$115K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$39.7M$27.7M$11.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $41.9M$39.7M$2.3M$32.1M 990 PDF
FY2023 $42.9M$36.1M$6.8M$29.8M 990 PDF
FY2022 $32.7M$32.4M$229K$23.0M 990 PDF
FY2021 $31.2M$26.1M$5.1M$22.9M 990 PDF
FY2020 $26.7M$24.1M$2.6M$17.8M 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 FY2024 990 (5 parts)
Part I · Summary $41,912,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,724,493$41,552,569
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $180,016$359,582
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $42,904,509$41,912,151
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,202,005$24,792,232
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $14,923,693$14,862,737
I-18 Total expensesPrior year $36,125,698$39,654,969
I-19 Revenue less expensesPrior year $6,778,811$2,257,182
Part VIII · Statement of revenue $41,912,151 across 5 lines filed
VIII-1e Government grants$41,328,506
VIII-1f All other contributions, gifts and grants$224,063
VIII-1h Total contributions, gifts and grants$41,552,569
VIII-3 Investment incomeExcluded from tax $359,582$359,582
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $359,582$41,912,151
Part IX · Statement of functional expenses $39,654,969 across 15 lines filed
IX-7 Other salaries and wagesPrograms $14,030,714 · Management $3,169,980$17,200,694
IX-8 Pension plan contributionsPrograms $3,714,987 · Management $826,903$4,541,890
IX-9 Other employee benefitsPrograms $1,703,474 · Management $502,630$2,206,104
IX-10 Payroll taxesPrograms $670,343 · Management $173,201$843,544
IX-11b Legal feesPrograms $22,508$22,508
IX-11g Other fees for servicesPrograms $3,653,124 · Management $6,041,414$9,694,538
IX-13 Office expensesPrograms $248$248
IX-14 Information technologyPrograms $446,770$446,770
IX-16 OccupancyPrograms $321,882 · Management $718,596$1,040,478
IX-17 TravelPrograms $6,970$6,970
IX-19 Conferences, conventions and meetingsPrograms $51,697$51,697
IX-22 Depreciation, depletion and amortizationPrograms $1,229,605$1,229,605
IX-23 InsuranceManagement $371,593$371,593
IX-24 Other expenses (24a–d)Programs $1,870,613 · Management $114,869$1,985,482
IX-24e All other expensesPrograms $12,848$12,848
IX-25 Total functional expensesPrograms $27,735,783 · Management $11,919,186 · Fundraising $0$39,654,969
Part X · Balance sheet $37,563,479 assets, 11 lines filed
X-2 Savings and temporary cash investmentsStart of year $11,264,119$11,093,935
X-4 Accounts receivableStart of year $2,261,611$1,120,041
X-9 Prepaid expenses and deferred chargesStart of year $2,964$0
X-10c Land, buildings and equipment, netStart of year $20,317,885$25,349,503
X-16 Total assetsStart of year $33,846,579$37,563,479
X-17 Accounts payable and accrued expensesStart of year $3,986,652$5,468,503
X-25 Other liabilitiesStart of year $44,265$22,132
X-26 Total liabilitiesStart of year $4,030,917$5,490,635
X-27 Net assets without donor restrictionsStart of year $29,815,662$32,072,844
X-32 Total net assets or fund balancesStart of year $29,815,662$32,072,844
X-33 Total liabilities and net assetsStart of year $33,846,579$37,563,479
Part XI · Reconciliation of net assets $32,072,844 net assets at year end
XI-1 Total revenue$41,912,151
XI-2 Total expenses$39,654,969
XI-3 Revenue less expenses$2,257,182
XI-4 Net assets at start of year$29,815,662
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,072,844

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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