Rocky River Educational Foundation INC: FY2023 Nonprofit Profile & Form 990 (EIN 34-1428131)

Revenue by fiscal year
FY2021	$316K
FY2022	$465K
FY2023	$323K
FY2024	$354K
FY2025	$526K

Expenses by fiscal year
FY2021	$342K
FY2022	$249K
FY2023	$303K
FY2024	$274K
FY2025	$326K

Net assets by fiscal year
FY2021	$1.9M
FY2022	$1.7M
FY2023	$1.8M
FY2024	$2.1M
FY2025	$2.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1984.

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

Where the money goes

88 cents of each dollar spent went to programs.

88%

12%

Program services 88% · $265K Management & general 12% · $37K

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

27 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Anne Banas

Board Member

$0Pt VII · Sec A

Tara Biscardi

Board Member

$0Pt VII · Sec A

James Broderick

Board Member

$0Pt VII · Sec A

Jen Davis

Board Member

$0Pt VII · Sec A

Paula Fitzgibbon

Board Member

$0Pt VII · Sec A

Breda Hill-King

Board Member

$0Pt VII · Sec A

Megan Maher

Board Member

$0Pt VII · Sec A

Mason Oatey

Board Member

$0Pt VII · Sec A

See Rocky River Educational Foundation 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

Enriching education and developing student talent to uphold community academic traditions.

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Provided by the organization

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2 programs · $265K · in their own filed words · FY2022

01

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

$137Kprogram expense

02

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

$129Kprogram 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 · FY2024

Gavin Gill Scholarship FoundationFY2024$10K

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

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$323K

Ln 12

Gifts and grantsLn 1h$141K

Other incomeLn 4–11$122K

Investment incomeLn 3$61K

Money outPt IX

$303K

Ln 25

Programscol B$265K

Managementcol C$37K

Owns and owesPt X

$1.8M

net assets · Ln 32

Cash and savingsLn 1–2$91K

Total assetsLn 16$1.8M

LiabilitiesLn 26$0

PeoplePt VI, VII

27

listed · VII A

PaidVII A0

Voting boardVI 1a27

IndependentVI 1b27

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$141K

Investment incomeLn 3$61K

Other incomeLn 4–11$122K

Gains on assetsLn 7$20K

Total revenueLn 12$323K

Assets in detailPt X, end of year

CashLn 1$91K

Cash and savings togetherLn 1–2$91K

InvestmentsLn 11–13$1.7M

Other assetsLn 15$301

Total assetsLn 16$1.8M

LiabilitiesLn 26$0

Net assetsLn 32$1.8M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$83K	$91K
InvestmentsLn 11–13	$1.6M	$1.7M
Total assetsLn 16	$1.7M	$1.8M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1.7M	$1.8M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$129K	$129K
Grants to domestic individualsLn 2	$137K	$137K
Legal feesLn 11b	$8K		$8K
Investment management feesLn 11f	$8K		$8K
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$4K		$4K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$16K		$16K
Total functional expensesLn 25	$303K	$265K	$37K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$526K	$326K	$199K	$2.3M	990 PDF
FY2024	$354K	$274K	$80K	$2.1M	990 PDF
FY2023 Viewing	$323K	$303K	$21K	$1.8M	990 PDF
FY2022	$465K	$249K	$215K	$1.7M	990 PDF
FY2021	$316K	$342K	−$27K	$1.9M	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 FY2023 990 (6 parts)

Part I · Summary $323,197 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $135,529$140,580

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $238,739$61,105

I-11 Other revenuePrior year $90,348$121,512

I-12 Total revenuePrior year $464,616$323,197

I-13 Grants and similar amounts paidPrior year $0$265,136

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$37,497

I-18 Total expensesPrior year $0$302,633

I-19 Revenue less expensesPrior year $464,616$20,564

Part VI · Governance 27 of 27 board members independent, 3 to look at

VI-1a Voting members of the governing body27

VI-1b Independent voting members27

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

Part VIII · Statement of revenue $323,197 across 6 lines filed

VIII-1f All other contributions, gifts and grants$140,580

VIII-1h Total contributions, gifts and grants$140,580

VIII-3 Investment incomeRelated to mission $40,970$40,970

VIII-7 Net gain or loss on sales of assetsRelated to mission $20,135$20,135

VIII-8 Net income from fundraising eventsExcluded from tax $121,512$121,512

VIII-12 Total revenueRelated to mission $61,105 · Unrelated business $0 · Excluded from tax $121,512$323,197

Part IX · Statement of functional expenses $302,633 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $128,550$128,550

IX-2 Grants to domestic individualsPrograms $136,586$136,586

IX-11b Legal feesManagement $7,877$7,877

IX-11f Investment management feesManagement $7,770$7,770

IX-12 Advertising and promotionManagement $1,354$1,354

IX-13 Office expensesManagement $3,901$3,901

IX-23 InsuranceManagement $1,059$1,059

IX-24 Other expenses (24a–d)Management $15,536$15,536

IX-25 Total functional expensesPrograms $265,136 · Management $37,497 · Fundraising $0$302,633

Part X · Balance sheet $1,824,356 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $83,247$90,620

X-11 Publicly traded securitiesStart of year $1,588,538$1,733,435

X-15 Other assetsStart of year $311$301

X-16 Total assetsStart of year $1,672,096$1,824,356

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $500,106$547,508

X-28 Net assets with donor restrictionsStart of year $1,171,990$1,276,848

X-32 Total net assets or fund balancesStart of year $1,672,096$1,824,356

X-33 Total liabilities and net assetsStart of year $1,672,096$1,824,356

Part XI · Reconciliation of net assets $1,824,356 net assets at year end

XI-1 Total revenue$323,197

XI-2 Total expenses$302,633

XI-3 Revenue less expenses$20,564

XI-4 Net assets at start of year$1,672,096

XI-9 Other changes in net assets$131,696

XI-10 Net assets at end of year$1,824,356

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Rocky River Educational Foundation INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Rocky River Educational Foundation INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV