Rocky River Educational Foundation INC EIN 34-1428131 Form 990 (PDF) Claim this org

Rocky River Educational Foundation INC

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Enriching education and developing student talent to uphold community academic traditions. For fiscal year 2025 it reported $526K in revenue, $326K in expenses, and $2.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Rocky River, OH
Website
www.rredfoundation.org
Filings
5 on file (2021–2025)
Revenue
$526KFY2025
Expenses
$326K
Net assets
$2.3M
People
29
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1428131 Public charity (501(c)(3)) Rocky River, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Enriching education and developing student talent to uphold community academic traditions.
Leadership
Anne Banas · Board Member
Money in and out
$526K revenue, $326K expenses
Bottom line
76% program efficiency
Where the money goes · FY2025
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$326K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $199K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs▼ -10% vs prior filing year
Operating runway
85.2mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
+38%
revenue over expenses, this year▲ +67% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$526K
FY2025▲ +48%
Expenses
$326K
FY2025▲ +19%
Total assets
$2.3M
FY2025▲ +12%
Total liabilities
$0
FY2025
Total revenue
$526K
Pt VIII · Ln 12
Total expenses
$326K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$199K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 329
Independent voting membersPt I · Ln 429
Mission & Programs · Part III

Where the work happens

2 program services account for $247K of program spending, described in the organization's own filed words · FY2024.
01

College scholarships to rocky river high school graduating seniors under guidelines of various temporarily restricted funds.

$182Kprogram expense
02

Award grants to faculty and staff for new and creative educational programs.

$65Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRocky River Educational Foundation INC
EINHdr · item D34-1428131
Principal addressHdr · item CRocky River, OH
WebsiteHdr · item Jwww.rredfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a29
Independent voting membersPt VI · Ln 1b29
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Investment income$234K · 44%
Contributions & grants$162K · 31%
Other revenue$130K · 25%
Investment income44%$234K
Contributions & grants31%$162K
Other revenue25%$130K
Total revenueLn 12$526K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$247K
Management & general24%$79K
Total functional expensesLn 25$326K

Balance Sheet

Part X · end of year
CashLn 1$224K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed8.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $326K
85.2 months
Where the money goes
Program services
Program services $247K · Total expenses $326K
76%
Management & General
Management & general $79K · Total expenses $326K
24%
Fundraising
Fundraising $0 · Total expenses $326K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $146K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $162K · Total revenue $526K
31%
Government reliance
Government grants — · Total revenue $526K
Earned-income share
Program service revenue $0 · Total revenue $526K
0%
Investment reliance
Investment income $234K · Total revenue $526K
+44%
Program self-sufficiency
Program service revenue $0 · Total expenses $326K
0%
Growth & trend
Revenue growth (YoY)
This year $526K · Prior year $354K
+48%
Revenue CAGR
FY2020 $316K · FY2024 $526K
+14%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $526K · Expenses $326K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
90%
People & payroll
Highest Reported Total Compensation
Individual Anne Banas · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $326K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $326K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 48%
Investment management fee ratio 0.7%
Legal fee ratio 10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$10K
Grants paid · 7 grants · $761K · 2020–2024
Unitemized GrantFY2024$182,050
Rocky River City SchoolsFY2024$65,375
Unitemized GrantFY2023$134,347
Rocky River City SchoolsFY2023$96,953
Unitemized GrantFY2021$122,950
Unitemized GrantFY2020$79,900
Rocky River City SchoolsFY2020$79,900

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$526K revenue · viewing · ⤓ 990 PDF
FY2024$354K revenue · ⤓ 990 PDF
FY2023$323K revenue · ⤓ 990 PDF
FY2022$465K revenue · ⤓ 990 PDF
FY2021$316K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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