Riverside Academy INC FY2021 filing

Tax-deductible

Reserve, LA501(c)(3)EducationEIN 72-0691644

Educational institution instructing students from preschool through twelfth grade

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$81K 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

FY2021 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
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
1 mo
of spending, in cash
Fine: 1.3 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
$2.9M
126% of total assets
Concern: liabilities are 126% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 12 voting members
Looks good: 8 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
$3.3M
-11% vs prior year
Spent
$3.7M
To programs
86%
Net assets
−$604K
By yearFY2020–FY2025
Revenue
$3.3M
FY2021▼ -11%
Revenue by fiscal year
FY2020$3.7M
FY2021$3.3M
FY2022$5.5M
FY2023$5.0M
FY2024$4.1M
FY2025$4.3M
Expenses
$3.7M
FY2021▲ +7%
Expenses by fiscal year
FY2020$3.5M
FY2021$3.7M
FY2022$4.1M
FY2023$4.5M
FY2024$4.7M
FY2025$4.5M
Net assets
−$604K
FY2021▼ -228%
Net assets by fiscal year
FY2020−$184K
FY2021−$604K
FY2022$755K
FY2023$1.2M
FY2024$589K
FY2025$381K

From the FY2021 Form 990 (year ending May 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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

86 cents of each dollar spent went to programs.

Program services 86% · $3.2M Management & general 12% · $443K Fundraising 2% · $70K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$80,000Pt VII · Sec A
$1,320Pt 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 service account for $3.2M of program spending, described in the organization's own filed words · FY2020.
01

Educational services for preschool through twelfth grade are provided for approximately 485 students. Extracurricular activities such as music, fine arts, and sports are also available to students.

$3.2Mprogram expense

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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 FY2021 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Fees for servicesLn 2g$2.5M
Gifts and grantsLn 1h$840K
Other incomeLn 4–11$1K
Money outPt IX
$3.7M
Ln 25
Programscol B$3.2M
Managementcol C$443K
Fundraisingcol D$70K
Owns and owesPt X
−$604K
net assets · Ln 32
Cash and savingsLn 1–2$408K
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$840K
Government grantsLn 1e$736K
Noncash giftsLn 1g$139K
Fundraising eventsLn 1c$83K
Fees for servicesLn 2g$2.5M
Other incomeLn 4–11$1K
Gains on assetsLn 7−$5K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$23K
SavingsLn 2$385K
Cash and savings togetherLn 1–2$408K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M
Other assetsLn 15$325
Total assetsLn 16$2.3M
LiabilitiesLn 26$2.9M
Net assetsLn 32−$604K
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 FY21End FY21
Cash and savingsLn 1–2$557K$408K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$1.7M$1.7M
Total assetsLn 16$2.6M$2.3M
LiabilitiesLn 26$2.8M$2.9M
Net assetsLn 32−$184K−$604K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$98K$98K
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$1.8M$1.7M$123K$12K
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$8K$7K$809$72
Other employee benefitsLn 9$75K$67K$7K$639
Payroll taxesLn 10$144K$129K$14K$1K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$13K$11K$1K$545
Office expensesLn 13$2K$348$2K$116
Information technologyLn 14$79K$75K$4K
RoyaltiesLn 15$0
OccupancyLn 16$205K$184K$20K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$19K$19K
InterestLn 20$104K$104K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$125K$111K$12K$1K
InsuranceLn 23$109K$98K$11K
Other expenses (24a–d)Ln 24$498K$482K$15K
All other expensesLn 24e$329K$219K$60K$50K
Total functional expensesLn 25$3.7M$3.2M$443K$70K

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 Viewing $3.3M$3.7M−$420K−$604K 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $3,291,645 across 12 lines filed
Lines not itemized here account for $30,821 of total revenue; see the IRS return.
VIII-1c Fundraising events$83,069
VIII-1e Government grants$736,440
VIII-1f All other contributions, gifts and grants$20,861
VIII-1g Noncash contributions (included above)$139,332
VIII-1h Total contributions, gifts and grants$840,370
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,440,193$2,440,193
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 −$5,190−$5,190
VIII-8 Net income from fundraising events−$14,549
VIII-12 Total revenueRelated to mission $2,450,274 · Excluded from tax $15,550$3,291,645
Part IX · Statement of functional expenses $3,711,758 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $97,660$97,660
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 $1,678,898 · Management $122,870 · Fundraising $12,170$1,813,938
IX-7 Other salaries and wages$0
IX-8 Pension plan contributionsPrograms $7,494 · Management $809 · Fundraising $72$8,375
IX-9 Other employee benefitsPrograms $66,935 · Management $7,222 · Fundraising $639$74,796
IX-10 Payroll taxesPrograms $129,049 · Management $13,924 · Fundraising $1,231$144,204
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,715$7,715
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 $11,308 · Management $1,330 · Fundraising $545$13,183
IX-13 Office expensesPrograms $348 · Management $1,856 · Fundraising $116$2,320
IX-14 Information technologyPrograms $74,944 · Management $3,944$78,888
IX-15 Royalties$0
IX-16 OccupancyPrograms $184,076 · Management $20,453$204,529
IX-17 TravelPrograms $2,362$2,362
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $19,482$19,482
IX-20 InterestManagement $104,246$104,246
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $110,912 · Management $12,462 · Fundraising $1,246$124,620
IX-23 InsurancePrograms $97,698 · Management $10,855$108,553
IX-24 Other expenses (24a–d)Programs $482,218 · Management $15,490$497,708
IX-24e All other expensesPrograms $219,349 · Management $59,808 · Fundraising $50,022$329,179
IX-25 Total functional expensesPrograms $3,198,733 · Management $442,984 · Fundraising $70,041$3,711,758
Part X · Balance sheet $2,318,195 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $18,120$23,393
X-2 Savings and temporary cash investmentsStart of year $539,185$384,834
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $195,906$183,978
X-8 Inventories for sale or useStart of year $32,947$31,099
X-9 Prepaid expenses and deferred chargesStart of year $8,723$8,919
X-10c Land, buildings and equipment, netStart of year $1,734,199$1,656,948
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $47,831$28,699
X-15 Other assetsStart of year $325$325
X-16 Total assetsStart of year $2,577,236$2,318,195
X-17 Accounts payable and accrued expensesStart of year $528,189$579,939
X-19 Deferred revenueStart of year $305,782$436,148
X-26 Total liabilitiesStart of year $2,761,499$2,922,571
X-27 Net assets without donor restrictionsStart of year −$184,263−$604,376
X-32 Total net assets or fund balancesStart of year −$184,263−$604,376
X-33 Total liabilities and net assetsStart of year $2,577,236$2,318,195
Part XI · Reconciliation of net assets −$604,376 net assets at year end
XI-1 Total revenue$3,291,645
XI-2 Total expenses$3,711,758
XI-3 Revenue less expenses−$420,113
XI-4 Net assets at start of year−$184,263
XI-10 Net assets at end of year−$604,376

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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