Ridgeview Charter School INC

Tax-deductible

Rutherfordton, NC501(c)(3)EducationEIN 46-4246150Revenue $3.6M in FY2023

On file with the IRSridgeviewcharter.orgPo Box 86, 28139-0086 · Rutherfordton, NCTax-exempt since Jul 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Operation of a charter school.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $112K a year · 4% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$81K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+15% vs prior year
Spent
$3.4M
To programs
79%
Net assets
$422K
By yearFY2020–FY2023
Revenue
$3.6M
FY2023▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.9M
FY2022$3.1M
FY2023$3.6M
Expenses
$3.4M
FY2023▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$2.0M
FY2022$2.8M
FY2023$3.4M
Net assets
$422K
FY2023▲ +69%
Tap a bar for its year
Net assets by fiscal year
FY2020$17K
FY2021−$87K
FY2022$249K
FY2023$422K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2018.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $2.7M Management & general 21% · $728K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Reshall Williams’s $70K as Board Member is at the 14th percentile of top reported officer pay among 3395 $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.

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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

Ridgeview Charter School INC is an education nonprofit based in Rutherfordton, NC.

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Provided by the organization

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1 program · $2.7M · in their own filed words · FY2022
01

Operation of a charter school in Charlotte, North Carolina, serving approximately 224 students for the fiscal year ended June 30, 2023.

$2.7Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Fees for servicesLn 2g$2.3M
Gifts and grantsLn 1h$1.3M
Money outPt IX
$3.4M
Ln 25
Programscol B$2.7M
Managementcol C$728K
Owns and owesPt X
$422K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$504K
LiabilitiesLn 26$81K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$2.3M
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$208K
Cash and savings togetherLn 1–2$208K
Land, buildings, equipmentLn 10c$268K
Total assetsLn 16$504K
LiabilitiesLn 26$81K
Net assetsLn 32$422K
OperationsPt I, VI
EmployeesI 529
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
LineStart FY23End FY23
Cash and savingsLn 1–2$283K$208K
Land, buildings, equipmentLn 10c$161K$268K
Total assetsLn 16$471K$504K
LiabilitiesLn 26$222K$81K
Net assetsLn 32$249K$422K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.4M$1.3M$4K
Pension plan contributionsLn 8$45K$45K
Other employee benefitsLn 9$116K$116K
Payroll taxesLn 10$84K$83K$319
Management feesLn 11a$0
Legal feesLn 11b$29K$29K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$69K$69K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$222K$177K$44K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$8K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$1.4M$881K$563K
All other expensesLn 24e$0
Total functional expensesLn 25$3.4M$2.7M$728K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $3.6M$3.4M$173K$422K 990 PDF
FY2022 $3.1M$2.8M$362K$249K 990 PDF
FY2021 $1.9M$2.0M−$104K−$87K 990 PDF
FY2020 $1.3M$1.3M$17K$17K 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 $3,609,044 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,051,413$1,331,199
I-9 Program service revenuePrior year $2,076,375$2,277,845
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $3,127,788$3,609,044
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$1,597,866
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,766,170$1,838,054
I-18 Total expensesPrior year $2,766,170$3,435,920
I-19 Revenue less expensesPrior year $361,618$173,124
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,609,044 across 5 lines filed
VIII-1e Government grants$1,330,999
VIII-1f All other contributions, gifts and grants$200
VIII-1h Total contributions, gifts and grants$1,331,199
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)$2,277,845
VIII-12 Total revenue$3,609,044
Part IX · Statement of functional expenses $3,435,920 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,348,427 · Management $4,167$1,352,594
IX-8 Pension plan contributionsPrograms $45,443$45,443
IX-9 Other employee benefitsPrograms $116,229$116,229
IX-10 Payroll taxesPrograms $83,281 · Management $319$83,600
IX-11a Management fees$0
IX-11b Legal feesManagement $29,420$29,420
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $69,389$69,389
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $177,302 · Management $44,326$221,628
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $8,215$8,215
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $55,461$55,461
IX-23 InsuranceManagement $9,751$9,751
IX-24 Other expenses (24a–d)Programs $881,429 · Management $562,761$1,444,190
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $2,707,572 · Management $728,348 · Fundraising $0$3,435,920
Part X · Balance sheet $503,856 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $283,224$207,994
X-4 Accounts receivableStart of year $6,850$27,806
X-10c Land, buildings and equipment, netStart of year $160,747$268,056
X-16 Total assetsStart of year $471,272$503,856
X-17 Accounts payable and accrued expensesStart of year $14,983$11,001
X-24 Unsecured notes and loans payableStart of year $206,992$70,434
X-26 Total liabilitiesStart of year $221,975$81,435
X-27 Net assets without donor restrictionsStart of year $249,297$422,421
X-32 Total net assets or fund balancesStart of year $249,297$422,421
X-33 Total liabilities and net assetsStart of year $471,272$503,856
Part XI · Reconciliation of net assets $422,421 net assets at year end
XI-1 Total revenue$3,609,044
XI-2 Total expenses$3,435,920
XI-3 Revenue less expenses$173,124
XI-4 Net assets at start of year$249,297
XI-10 Net assets at end of year$422,421

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

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