River Islands Academies FY2023 filing

Tax-deductible

Lathrop, CA501(c)(3)Since 2012EducationEIN 47-5327392Revenue $32.5M in FY2023

On file with the IRSriacademies.net1175 Marina Dr, 95330-8586 · Lathrop, CATax-exempt since Feb 2016School — 170(b)(1)(A)(ii)

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To provide each student with a safe, supportive, character building, orderly educational environment in which each student can achieve his/her potential through specialized technology based curriculum and experimental learning opportunities.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$751K 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

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.3M a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$751K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.1M
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 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
$32.5M
+76% vs prior year
Spent
$28.6M
To programs
82%
Net assets
$18.9M
By yearFY2020–FY2025
Revenue
$32.5M
FY2023▲ +76%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.9M
FY2021$17.5M
FY2022$18.5M
FY2023$32.5M
FY2024$39.0M
FY2025$45.9M
Expenses
$28.6M
FY2023▲ +85%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.1M
FY2021$13.4M
FY2022$15.4M
FY2023$28.6M
FY2024$31.5M
FY2025$41.5M
Net assets
$18.9M
FY2023▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.8M
FY2021$12.0M
FY2022$15.0M
FY2023$18.9M
FY2024$26.4M
FY2025$31.5M

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

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2016.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $23.5M Management & general 18% · $5.0M Fundraising 0% · $48K

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

10 people listed on the 990; $751K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$210,000Pt VII · Sec A
$141,618Pt VII · Sec A
$140,453Pt VII · Sec A
$134,318Pt VII · Sec A
$124,248Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Brenda Scholl’s $276K as Executive Director is at the 59th percentile of top reported officer pay among 3683 $10–100M 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Brenda Scholl$275,862$248,595—$227,295$171,598$174,371
Brenda L School——$210,000———
Carey Simoni$178,753$161,062$140,453———
Kristen Wentworth-Condit$170,655$157,935————
Michelle Crippen$162,876$147,900————
Angel Mendoza$150,046$133,621$124,248$118,713$107,720$103,409
Aaron Colburn$142,985$127,436————
Kristen Wentworth——$141,618$136,459$125,744$117,942

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates four public charter schools for students in San Joaquin County.

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Provided by the organization

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1 program · $23.5M · in their own filed words · FY2022
01

Operation of a public charter school.

$23.5Mprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$32.5M
Ln 12
Gifts and grantsLn 1h$32.5M
Money outPt IX
$28.6M
Ln 25
Programscol B$23.5M
Managementcol C$5.0M
Fundraisingcol D$48K
Owns and owesPt X
$18.9M
net assets · Ln 32
Cash and savingsLn 1–2$6.3M
Total assetsLn 16$27.0M
LiabilitiesLn 26$8.1M
PeoplePt VI, VII
10
listed · VII A
PaidVII A5
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32.5M
Government grantsLn 1e$28.5M
Total revenueLn 12$32.5M
Assets in detailPt X, end of year
CashLn 1$6.3M
Cash and savings togetherLn 1–2$6.3M
InvestmentsLn 11–13$12.1M
Land, buildings, equipmentLn 10c$1.3M
Total assetsLn 16$27.0M
LiabilitiesLn 26$8.1M
Net assetsLn 32$18.9M
OperationsPt I, VI
EmployeesI 5605
VolunteersI 63
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$13.0M$6.3M
InvestmentsLn 11–13$12.1M
Land, buildings, equipmentLn 10c$556K$1.3M
Total assetsLn 16$18.7M$27.0M
LiabilitiesLn 26$3.6M$8.1M
Net assetsLn 32$15.0M$18.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$210K$210K
Other salaries and wagesLn 7$11.9M$11.4M$519K
Other employee benefitsLn 9$3.9M$3.7M$162K
TravelLn 17$32K$32K
InterestLn 20$7K$2K$5K
Depreciation, depletion and amortizationLn 22$201K$151K$50K
InsuranceLn 23$83K$83K
Other expenses (24a–d)Ln 24$11.8M$7.8M$4.0M$48K
All other expensesLn 24e$394K$133K$261K
Total functional expensesLn 25$28.6M$23.5M$5.0M$48K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $45.9M$41.5M$4.4M$31.5M 990 PDF
FY2024 $39.0M$31.5M$7.4M$26.4M 990 PDF
FY2023 Viewing $32.5M$28.6M$3.9M$18.9M 990 PDF
FY2022 $18.5M$15.4M$3.0M$15.0M 990 PDF
FY2021 $17.5M$13.4M$4.1M$12.0M 990 PDF
FY2020 $9.9M$7.1M$2.8M$6.8M 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 FY2023 990 (6 parts)
Part I · Summary $32,465,674 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,454,978$32,465,674
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $18,454,978$32,465,674
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 $10,320,334$16,037,420
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,123,837$12,526,196
I-18 Total expensesPrior year $15,444,171$28,563,616
I-19 Revenue less expensesPrior year $3,010,807$3,902,058
Part VI · Governance 4 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $32,465,674 across 4 lines filed
VIII-1e Government grants$28,521,288
VIII-1f All other contributions, gifts and grants$3,944,386
VIII-1h Total contributions, gifts and grants$32,465,674
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$32,465,674
Part IX · Statement of functional expenses $28,563,616 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $210,000$210,000
IX-7 Other salaries and wagesPrograms $11,400,580 · Management $519,051$11,919,631
IX-9 Other employee benefitsPrograms $3,745,770 · Management $162,019$3,907,789
IX-17 TravelPrograms $32,431$32,431
IX-20 InterestPrograms $1,707 · Management $5,361$7,068
IX-22 Depreciation, depletion and amortizationPrograms $150,797 · Management $50,265$201,062
IX-23 InsuranceManagement $82,512$82,512
IX-24 Other expenses (24a–d)Programs $7,802,796 · Management $3,958,269 · Fundraising $48,068$11,809,133
IX-24e All other expensesPrograms $133,330 · Management $260,660$393,990
IX-25 Total functional expensesPrograms $23,477,411 · Management $5,038,137 · Fundraising $48,068$28,563,616
Part X · Balance sheet $27,017,873 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $12,958,834$6,251,138
X-4 Accounts receivableStart of year $4,048,515$7,284,627
X-9 Prepaid expenses and deferred chargesStart of year $1,112,862$104,584
X-10c Land, buildings and equipment, netStart of year $556,407$1,288,526
X-12 Other securities$12,088,998
X-16 Total assetsStart of year $18,676,618$27,017,873
X-17 Accounts payable and accrued expensesStart of year $1,903,747$4,185,971
X-19 Deferred revenueStart of year $1,728,320$3,885,293
X-26 Total liabilitiesStart of year $3,632,067$8,071,264
X-27 Net assets without donor restrictionsStart of year $15,044,551$18,946,609
X-32 Total net assets or fund balancesStart of year $15,044,551$18,946,609
X-33 Total liabilities and net assetsStart of year $18,676,618$27,017,873
Part XI · Reconciliation of net assets $18,946,609 net assets at year end
XI-1 Total revenue$32,465,674
XI-2 Total expenses$28,563,616
XI-3 Revenue less expenses$3,902,058
XI-4 Net assets at start of year$15,044,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$18,946,609

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

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