The River School Hcsr FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Since 1999EducationEIN 52-2172713Revenue $13.8M in FY2023

On file with the IRSriverschool.net4880 Macarthur Blvd Nw, 20007-1557 · Washington, DCTax-exempt since Aug 1999Hospital or medical research org — 170(b)(1)(A)(iii)

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Independent school offering programs for infants, toddlers, preschool, and elementary school aged children with and without hearing loss.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$1.2M 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
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 $2.3M a year · 20% 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $410K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11.2M
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 16 voting members
Looks good: 15 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$13.8M
+20% vs prior year
Spent
$9.8M
To programs
79%
Net assets
$15.1M
By yearFY2020–FY2024
Revenue
$13.8M
FY2023▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$9.0M
FY2021$8.9M
FY2022$11.5M
FY2023$13.8M
FY2024$13.2M
FY2024$12.1M
Expenses
$9.8M
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$7.5M
FY2021$7.6M
FY2022$8.3M
FY2023$9.8M
FY2024$11.6M
FY2024$12.3M
Net assets
$15.1M
FY2023▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.6M
FY2021$8.5M
FY2022$10.9M
FY2023$15.1M
FY2024$17.1M
FY2024$17.0M

From the FY2023 Form 990 (year ending August 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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1999.

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% · $7.8M Management & general 16% · $1.5M Fundraising 5% · $474K

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

22 people listed on the 990; $1.2M 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
Head of School/Vice President
$371,538Pt VII · Sec A
Assistant Head of School
$178,096Pt VII · Sec A
Dir Advancement
$151,229Pt VII · Sec A
Director of Admissions
$143,253Pt VII · Sec A
Business Manager
$137,029Pt VII · Sec A
Dir of Human Resources
$125,770Pt VII · Sec A
Dir of Elementary Curriculum
$125,581Pt VII · Sec A
$0Pt VII · Sec A

Nancy Mellon’s $434K as Head of School/Vice President is at the 84th 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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nancy Mellon$434,057$401,790$371,538$355,377$280,245$237,314
Meredith Ouellette$193,928$184,955$178,096$175,363$172,433$144,427
Jennifer Lynch$163,324$157,224$151,229$146,952$142,983$136,471
Megan Campbell$156,557$149,463$143,253$140,339$133,978$128,127
Christine Lopez$151,435$141,208$137,029$131,312$121,230$111,171
Erin Royer Shetter$146,011—————
Marie Wright$143,040$135,760$125,581$114,296——
Tracy Armstrong—$130,572$125,770$121,667$119,117$113,532

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.

See The River School Hcsr 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

Educates young children with and without hearing loss from infancy through elementary school.

Provided by the organization

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1 program · $7.8M · in their own filed words · FY2022
01

Operation of an independent school that offers programs for infants, toddlers, preschool, and elementary school aged children (227 children) with and without hearing loss, provides clinical services to children in the community in audiology, speech-language pathology, occupational therapy, educational assessment and tutoring, serves as a…

$7.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$13.8M
Ln 12
Fees for servicesLn 2g$9.1M
Gifts and grantsLn 1h$4.3M
Investment incomeLn 3$405K
Money outPt IX
$9.8M
Ln 25
Programscol B$7.8M
Managementcol C$1.5M
Fundraisingcol D$474K
Owns and owesPt X
$15.1M
net assets · Ln 32
Cash and savingsLn 1–2$12.5M
Total assetsLn 16$26.2M
LiabilitiesLn 26$11.2M
PeoplePt VI, VII
22
listed · VII A
PaidVII A7
Voting boardVI 1a16
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.3M
Government grantsLn 1e$1.3M
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$355K
Fees for servicesLn 2g$9.1M
Investment incomeLn 3$405K
Other incomeLn 4–11$13K
Gains on assetsLn 7$0
Total revenueLn 12$13.8M
Assets in detailPt X, end of year
CashLn 1$332K
SavingsLn 2$12.2M
Cash and savings togetherLn 1–2$12.5M
InvestmentsLn 11–13$3.6M
Land, buildings, equipmentLn 10c$4.9M
Other assetsLn 15$1.0M
Total assetsLn 16$26.2M
LiabilitiesLn 26$11.2M
Net assetsLn 32$15.1M
OperationsPt I, VI
EmployeesI 5113
VolunteersI 6140
Fiscal year endsHeaderAugust
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 FY23End FY23
Cash and savingsLn 1–2$8.5M$12.5M
InvestmentsLn 11–13$3.4M$3.6M
Land, buildings, equipmentLn 10c$4.8M$4.9M
Total assetsLn 16$20.8M$26.2M
LiabilitiesLn 26$9.8M$11.2M
Net assetsLn 32$10.9M$15.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$980K$980K
Pay of current officers, directors and key staffLn 5$554K$310K$224K$19K
Other salaries and wagesLn 7$5.3M$4.1M$834K$307K
Pension plan contributionsLn 8$147K$116K$22K$9K
Other employee benefitsLn 9$752K$574K$136K$42K
Payroll taxesLn 10$418K$319K$75K$23K
Legal feesLn 11b$45K$0$45K$0
Professional fundraising feesLn 11e$2K$2K
Investment management feesLn 11f$200$0$200$0
Other fees for servicesLn 11g$64K$57K$6K$637
Advertising and promotionLn 12$35K$0$35K$0
Office expensesLn 13$171K$92K$78K$1K
Information technologyLn 14$128K$115K$12K$1K
OccupancyLn 16$373K$336K$34K$4K
Conferences, conventions and meetingsLn 19$16K$14K$1K$157
InterestLn 20$82K$74K$7K$817
Depreciation, depletion and amortizationLn 22$164K$147K$15K$2K
InsuranceLn 23$38K$34K$3K$384
Other expenses (24a–d)Ln 24$529K$463K$5K$60K
All other expensesLn 24e$15K$13K$1K$149
Total functional expensesLn 25$9.8M$7.8M$1.5M$474K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $13.2M$11.6M$1.6M$17.1M 990 PDF
FY2023 Viewing $13.8M$9.8M$4.0M$15.1M 990 PDF
FY2022 $11.5M$8.3M$3.2M$10.9M 990 PDF
FY2021 $8.9M$7.6M$1.3M$8.5M 990 PDF
FY2020 $9.0M$7.5M$1.5M$6.6M 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 $13,775,618 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,692,165$4,257,448
I-9 Program service revenuePrior year $8,272,604$9,100,118
I-10 Investment incomePrior year $539,684$404,847
I-11 Other revenuePrior year $16,711$13,205
I-12 Total revenuePrior year $11,521,164$13,775,618
I-13 Grants and similar amounts paidPrior year $889,430$980,238
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $6,115,918$7,143,969
I-16a Professional fundraising fees$2,500
I-17 Other expensesPrior year $1,328,255$1,659,629
I-18 Total expensesPrior year $8,333,603$9,786,336
I-19 Revenue less expensesPrior year $3,187,561$3,989,282
Part VI · Governance 15 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $13,775,618 across 11 lines filed
Lines not itemized here account for $36,282 of total revenue; see the IRS return.
VIII-1c Fundraising events$354,820
VIII-1e Government grants$1,295,625
VIII-1f All other contributions, gifts and grants$2,607,003
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$4,257,448
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$9,091,836
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $404,847$404,847
VIII-6 Net rental income or lossExcluded from tax $13,577$13,577
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$28,372−$28,372
VIII-12 Total revenueRelated to mission $9,100,118 · Unrelated business $0 · Excluded from tax $418,052$13,775,618
Part IX · Statement of functional expenses $9,786,336 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $980,238$980,238
IX-5 Pay of current officers, directors and key staffPrograms $310,463 · Management $223,752 · Fundraising $19,340$553,555
IX-7 Other salaries and wagesPrograms $4,131,978 · Management $833,804 · Fundraising $307,279$5,273,061
IX-8 Pension plan contributionsPrograms $116,273 · Management $22,468 · Fundraising $8,669$147,410
IX-9 Other employee benefitsPrograms $574,169 · Management $135,937 · Fundraising $42,315$752,421
IX-10 Payroll taxesPrograms $318,607 · Management $75,477 · Fundraising $23,438$417,522
IX-11b Legal feesPrograms $0 · Management $45,080 · Fundraising $0$45,080
IX-11e Professional fundraising feesFundraising $2,500$2,500
IX-11f Investment management feesPrograms $0 · Management $200 · Fundraising $0$200
IX-11g Other fees for servicesPrograms $57,332 · Management $5,733 · Fundraising $637$63,702
IX-12 Advertising and promotionPrograms $0 · Management $34,631 · Fundraising $0$34,631
IX-13 Office expensesPrograms $92,061 · Management $78,293 · Fundraising $1,004$171,358
IX-14 Information technologyPrograms $115,425 · Management $11,543 · Fundraising $1,283$128,251
IX-16 OccupancyPrograms $336,004 · Management $33,600 · Fundraising $3,733$373,337
IX-19 Conferences, conventions and meetingsPrograms $14,130 · Management $1,413 · Fundraising $157$15,700
IX-20 InterestPrograms $73,511 · Management $7,351 · Fundraising $817$81,679
IX-22 Depreciation, depletion and amortizationPrograms $147,298 · Management $14,730 · Fundraising $1,637$163,665
IX-23 InsurancePrograms $34,483 · Management $3,450 · Fundraising $384$38,317
IX-24 Other expenses (24a–d)Programs $463,467 · Management $4,956 · Fundraising $60,402$528,825
IX-24e All other expensesPrograms $13,395 · Management $1,340 · Fundraising $149$14,884
IX-25 Total functional expensesPrograms $7,778,834 · Management $1,533,758 · Fundraising $473,744$9,786,336
Part X · Balance sheet $26,215,214 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $99,857$331,995
X-2 Savings and temporary cash investmentsStart of year $8,414,149$12,169,698
X-3 Pledges and grants receivableStart of year $631,863$847,811
X-4 Accounts receivableStart of year $2,691,246$3,237,462
X-9 Prepaid expenses and deferred chargesStart of year $92,769$78,466
X-10c Land, buildings and equipment, netStart of year $4,804,849$4,881,556
X-11 Publicly traded securitiesStart of year $3,353,384$3,618,901
X-15 Other assetsStart of year $673,356$1,049,325
X-16 Total assetsStart of year $20,761,473$26,215,214
X-17 Accounts payable and accrued expensesStart of year $175,822$232,055
X-19 Deferred revenueStart of year $7,235,442$8,196,249
X-25 Other liabilitiesStart of year $33,486$425,000
X-26 Total liabilitiesStart of year $9,847,964$11,158,434
X-27 Net assets without donor restrictionsStart of year $6,708,087$9,502,970
X-28 Net assets with donor restrictionsStart of year $4,205,422$5,553,810
X-32 Total net assets or fund balancesStart of year $10,913,509$15,056,780
X-33 Total liabilities and net assetsStart of year $20,761,473$26,215,214
Part XI · Reconciliation of net assets $15,056,780 net assets at year end
XI-1 Total revenue$13,775,618
XI-2 Total expenses$9,786,336
XI-3 Revenue less expenses$3,989,282
XI-4 Net assets at start of year$10,913,509
XI-5 Net unrealized gains (losses) on investments$153,989
XI-10 Net assets at end of year$15,056,780

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

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