Riverside Academy INC FY2020 filing

Tax-deductible

Reserve, LA501(c)(3)EducationEIN 72-0691644Revenue $3.7M in FY2020

On file with the IRSriversideacademy.com332 Railroad Ave, 70084-6623 · Reserve, LATax-exempt since May 2000School — 170(b)(1)(A)(ii)

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Educational institution instructing students from preschool through twelfth grade

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$80K 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

FY2020 · 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
3 of 6
filings with a surplus
Average surplus $134K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $68K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.8M
107% of total assets
Concern: liabilities are 107% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 12 voting members
Looks good: 9 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.7M
Spent
$3.5M
To programs
89%
Net assets
−$184K
By yearFY2020–FY2025
Revenue
$3.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.7M
FY2021$3.3M
FY2022$5.5M
FY2023$5.0M
FY2024$4.1M
FY2025$4.3M
Expenses
$3.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.7M
FY2022$4.1M
FY2023$4.5M
FY2024$4.7M
FY2025$4.5M
Net assets
−$184K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$184K
FY2021−$604K
FY2022$755K
FY2023$1.2M
FY2024$589K
FY2025$381K

From the FY2020 Form 990 (year ending May 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 May 2000.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $3.1M Management & general 9% · $324K Fundraising 2% · $73K

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

12 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$80,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Holly Haase’s $85K as Principal is at the 22nd 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.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Holly Haase$85,191$80,000$80,000$68,750——
Michael Coburn———$6,667$80,000$80,000
Pamela Orgeron————$1,320—

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 15aNo

Programs and updates

Educates students from preschool through twelfth grade.

Provided by the organization

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1 program · $3.1M · in their own filed words · FY2019
01

Educational services for preschool through twelfth grade are provided for approximately 513 students. Extracurricular activities such as music, fine arts, and sports are also available to students.

$3.1Mprogram 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
Total grants receivedfrom 2 funders$68K
Grants paid · 3 grants · $270K · 2019–2021
Unitemized GrantFY2021$61,595
Unitemized GrantFY2020$97,660
Unitemized GrantFY2019$110,304

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.7M
Ln 12
Fees for servicesLn 2g$2.7M
Gifts and grantsLn 1h$997K
Investment incomeLn 3$5K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$324K
Fundraisingcol D$73K
Owns and owesPt X
−$184K
net assets · Ln 32
Cash and savingsLn 1–2$557K
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.8M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$997K
Government grantsLn 1e$908K
Noncash giftsLn 1g$58K
Fundraising eventsLn 1c$62K
Fees for servicesLn 2g$2.7M
Investment incomeLn 3$5K
Gains on assetsLn 7$5K
Total revenueLn 12$3.7M
Assets in detailPt X, end of year
CashLn 1$18K
SavingsLn 2$539K
Cash and savings togetherLn 1–2$557K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$325
Total assetsLn 16$2.6M
LiabilitiesLn 26$2.8M
Net assetsLn 32−$184K
OperationsPt I, VI
EmployeesI 592
VolunteersI 625
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$450K$557K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$2.4M$2.6M
LiabilitiesLn 26$2.9M$2.8M
Net assetsLn 32−$425K−$184K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$110K$110K
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$80K$16K$60K$4K
Pay of disqualified personsLn 6$1.7M$1.6M$46K$6K
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$9K$9K$547$52
Other employee benefitsLn 9$87K$81K$5K$489
Payroll taxesLn 10$137K$128K$8K$771
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$6K$6K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$9K$7K$864$433
Office expensesLn 13$8K$1K$6K$376
Information technologyLn 14$39K$37K$2K
RoyaltiesLn 15$0
OccupancyLn 16$203K$183K$20K
TravelLn 17$11K$7K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$3K$3K
InterestLn 20$84K$84K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$135K$120K$13K$1K
InsuranceLn 23$117K$106K$12K
Other expenses (24a–d)Ln 24$400K$394K$6K
All other expensesLn 24e$322K$213K$50K$59K
Total functional expensesLn 25$3.5M$3.1M$324K$73K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.3M$4.5M−$208K$381K 990 PDF
FY2024 $4.1M$4.7M−$622K$589K 990 PDF
FY2023 $5.0M$4.5M$455K$1.2M 990 PDF
FY2022 $5.5M$4.1M$1.4M$755K 990 PDF
FY2021 $3.3M$3.7M−$420K−$604K 990 PDF
FY2020 Viewing $3.7M$3.5M$241K−$184K 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 FY2020 990 (6 parts)
Part I · Summary $3,701,940 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $714,958$997,295
I-9 Program service revenuePrior year $3,170,883$2,714,382
I-10 Investment incomePrior year $8,743$5,301
I-11 Other revenuePrior year $679−$15,038
I-12 Total revenuePrior year $3,895,263$3,701,940
I-13 Grants and similar amounts paidPrior year $116,324$110,304
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,243,997$2,015,435
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,745,204$1,335,412
I-18 Total expensesPrior year $4,105,525$3,461,151
I-19 Revenue less expensesPrior year −$210,262$240,789
Part VI · Governance 9 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $3,701,940 across 12 lines filed
Lines not itemized here account for $19,934 of total revenue; see the IRS return.
VIII-1c Fundraising events$61,930
VIII-1e Government grants$907,822
VIII-1f All other contributions, gifts and grants$27,543
VIII-1g Noncash contributions (included above)$58,167
VIII-1h Total contributions, gifts and grants$997,295
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,696,448$2,696,448
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $5,301$5,301
VIII-8 Net income from fundraising events−$17,038
VIII-12 Total revenueRelated to mission $2,714,382 · Excluded from tax $7,301$3,701,940
Part IX · Statement of functional expenses $3,461,151 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $110,304$110,304
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 staffPrograms $16,000 · Management $60,000 · Fundraising $4,000$80,000
IX-6 Pay of disqualified personsPrograms $1,649,755 · Management $46,207 · Fundraising $6,016$1,701,978
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsPrograms $8,576 · Management $547 · Fundraising $52$9,175
IX-9 Other employee benefitsPrograms $81,358 · Management $5,187 · Fundraising $489$87,034
IX-10 Payroll taxesPrograms $128,297 · Management $8,180 · Fundraising $771$137,248
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $6,360$6,360
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $7,345 · Management $864 · Fundraising $433$8,642
IX-13 Office expensesPrograms $1,126 · Management $6,009 · Fundraising $376$7,511
IX-14 Information technologyPrograms $36,936 · Management $1,944$38,880
IX-15 Royalties$0
IX-16 OccupancyPrograms $182,780 · Management $20,309$203,089
IX-17 TravelPrograms $7,034 · Management $3,571$10,605
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $2,790$2,790
IX-20 InterestManagement $83,793$83,793
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $119,736 · Management $13,453 · Fundraising $1,345$134,534
IX-23 InsurancePrograms $105,572 · Management $11,730$117,302
IX-24 Other expenses (24a–d)Programs $394,122 · Management $5,769$399,891
IX-24e All other expensesPrograms $213,327 · Management $49,613 · Fundraising $59,075$322,015
IX-25 Total functional expensesPrograms $3,065,058 · Management $323,536 · Fundraising $72,557$3,461,151
Part X · Balance sheet $2,577,236 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $125,765$18,120
X-2 Savings and temporary cash investmentsStart of year $324,512$539,185
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $71,950$195,906
X-8 Inventories for sale or useStart of year $18,288$32,947
X-9 Prepaid expenses and deferred chargesStart of year $8,920$8,723
X-10c Land, buildings and equipment, netStart of year $1,832,679$1,734,199
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $66,963$47,831
X-15 Other assetsStart of year $325$325
X-16 Total assetsStart of year $2,449,402$2,577,236
X-17 Accounts payable and accrued expensesStart of year $532,439$528,189
X-19 Deferred revenueStart of year $389,471$305,782
X-26 Total liabilitiesStart of year $2,874,454$2,761,499
X-27 Net assets without donor restrictionsStart of year −$425,052−$184,263
X-32 Total net assets or fund balancesStart of year −$425,052−$184,263
X-33 Total liabilities and net assetsStart of year $2,449,402$2,577,236
Part XI · Reconciliation of net assets −$184,263 net assets at year end
XI-1 Total revenue$3,701,940
XI-2 Total expenses$3,461,151
XI-3 Revenue less expenses$240,789
XI-4 Net assets at start of year−$425,052
XI-10 Net assets at end of year−$184,263

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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