Riverside Academy INC FY2024 filing

Tax-deductible

Reserve, LA501(c)(3)EducationEIN 72-0691644Revenue $4.1M in FY2024

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.
82¢ 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

FY2024 · 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
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
$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
3 mo
of spending, in cash
Fine: 2.7 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
$2.7M
82% of total assets
Concern: liabilities are 82% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 12 voting members
Looks good: 10 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
$4.1M
-19% vs prior year
Spent
$4.7M
To programs
82%
Net assets
$589K
By yearFY2020–FY2025
Revenue
$4.1M
FY2024▼ -19%
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
$4.7M
FY2024▲ +3%
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
$589K
FY2024▼ -51%
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 FY2024 Form 990 (year ending May 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

82 cents of each dollar spent went to programs.

Program services 82% · $3.8M Management & general 15% · $703K Fundraising 3% · $143K

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 (FY2023); the FY2024 filing did not itemize Part VII
Principal
$80,000Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

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Provided by the organization

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1 program · $3.8M · in their own filed words · FY2023
01

Educational services for preschool through twelfth grade are provided for approximately 545 students. Extracurricular activities such as music, fine arts, and sports are also available to students.

$3.8Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.2M
Gifts and grantsLn 1h$922K
Money outPt IX
$4.7M
Ln 25
Programscol B$3.8M
Managementcol C$703K
Fundraisingcol D$143K
Owns and owesPt X
$589K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.7M
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$922K
Government grantsLn 1e$681K
Noncash giftsLn 1g$103K
Fundraising eventsLn 1c$166K
Fees for servicesLn 2g$3.2M
Gains on assetsLn 7$0
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$163K
SavingsLn 2$901K
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$325
Total assetsLn 16$3.3M
LiabilitiesLn 26$2.7M
Net assetsLn 32$589K
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 FY24End FY24
Cash and savingsLn 1–2$899K$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$2.0M$2.1M
Total assetsLn 16$4.5M$3.3M
LiabilitiesLn 26$3.2M$2.7M
Net assetsLn 32$1.2M$589K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$40K$40K
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$0
Other salaries and wagesLn 7$2.1M$1.9M$208K$12K
Pension plan contributionsLn 8$9K$8K$1K$68
Other employee benefitsLn 9$103K$89K$13K$761
Payroll taxesLn 10$171K$149K$21K$1K
Management feesLn 11a$0
Legal feesLn 11b$306$306
Accounting feesLn 11c$13K$13K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$10K$10K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$172K$172K
Advertising and promotionLn 12$8K$7K$774$102
Office expensesLn 13$7K$2K$5K$293
Information technologyLn 14$75K$71K$4K
RoyaltiesLn 15$0
OccupancyLn 16$322K$290K$32K
TravelLn 17$7K$7K$881$55
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$920$920
InterestLn 20$94K$94K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$148K$132K$15K$1K
InsuranceLn 23$287K$258K$29K
Other expenses (24a–d)Ln 24$618K$592K$14K$12K
All other expensesLn 24e$407K$284K$21K$101K
Total functional expensesLn 25$4.7M$3.8M$703K$143K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.3M$4.5M−$208K$381K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (6 parts)
Part I · Summary $4,053,660 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,970,514$922,266
I-9 Program service revenuePrior year $3,064,581$3,215,617
I-10 Investment incomePrior year −$438$0
I-11 Other revenuePrior year −$53,483−$84,223
I-12 Total revenuePrior year $4,981,174$4,053,660
I-13 Grants and similar amounts paidPrior year $43,971$39,827
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,595,622$2,467,038
I-16a Professional fundraising fees$9,502
I-17 Other expensesPrior year $1,886,546$2,159,030
I-18 Total expensesPrior year $4,526,139$4,675,397
I-19 Revenue less expensesPrior year $455,035−$621,737
Part VI · Governance 10 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members10
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 $4,053,660 across 12 lines filed
Lines not itemized here account for $77,858 of total revenue; see the IRS return.
VIII-1c Fundraising events$166,271
VIII-1e Government grants$680,518
VIII-1f All other contributions, gifts and grants$75,477
VIII-1g Noncash contributions (included above)$103,213
VIII-1h Total contributions, gifts and grants$922,266
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,150,874$3,150,874
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 assets$0
VIII-8 Net income from fundraising events−$97,338
VIII-12 Total revenueRelated to mission $3,215,617 · Excluded from tax $13,115$4,053,660
Part IX · Statement of functional expenses $4,675,397 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $39,827$39,827
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 persons$0
IX-7 Other salaries and wagesPrograms $1,883,881 · Management $207,998 · Fundraising $12,163$2,104,042
IX-8 Pension plan contributionsPrograms $8,047 · Management $1,135 · Fundraising $68$9,250
IX-9 Other employee benefitsPrograms $89,470 · Management $12,621 · Fundraising $761$102,852
IX-10 Payroll taxesPrograms $148,659 · Management $20,970 · Fundraising $1,265$170,894
IX-11a Management fees$0
IX-11b Legal feesManagement $306$306
IX-11c Accounting feesManagement $12,695$12,695
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $9,502$9,502
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $172,155$172,155
IX-12 Advertising and promotionPrograms $6,863 · Management $774 · Fundraising $102$7,739
IX-13 Office expensesPrograms $1,880 · Management $4,693 · Fundraising $293$6,866
IX-14 Information technologyPrograms $71,212 · Management $3,748$74,960
IX-15 Royalties$0
IX-16 OccupancyPrograms $289,819 · Management $32,202$322,021
IX-17 TravelPrograms $6,539 · Management $881 · Fundraising $55$7,475
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $920$920
IX-20 InterestManagement $93,645$93,645
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $131,819 · Management $14,811 · Fundraising $1,481$148,111
IX-23 InsurancePrograms $258,426 · Management $28,714$287,140
IX-24 Other expenses (24a–d)Programs $592,193 · Management $14,293 · Fundraising $11,881$618,367
IX-24e All other expensesPrograms $284,088 · Management $21,071 · Fundraising $101,471$406,630
IX-25 Total functional expensesPrograms $3,829,643 · Management $702,712 · Fundraising $143,042$4,675,397
Part X · Balance sheet $3,304,042 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $65,248$163,042
X-2 Savings and temporary cash investmentsStart of year $833,284$900,868
X-3 Pledges and grants receivableStart of year $1,224,572$0
X-4 Accounts receivableStart of year $253,739$66,247
X-8 Inventories for sale or useStart of year $27,421$48,389
X-9 Prepaid expenses and deferred chargesStart of year $16,450$31,124
X-10c Land, buildings and equipment, netStart of year $2,036,796$2,074,910
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$19,137
X-15 Other assetsStart of year $325$325
X-16 Total assetsStart of year $4,457,835$3,304,042
X-17 Accounts payable and accrued expensesStart of year $704,394$643,781
X-19 Deferred revenueStart of year $714,436$605,969
X-26 Total liabilitiesStart of year $3,247,451$2,715,427
X-27 Net assets without donor restrictionsStart of year $1,210,384$588,615
X-32 Total net assets or fund balancesStart of year $1,210,384$588,615
X-33 Total liabilities and net assetsStart of year $4,457,835$3,304,042
Part XI · Reconciliation of net assets $588,615 net assets at year end
XI-1 Total revenue$4,053,660
XI-2 Total expenses$4,675,397
XI-3 Revenue less expenses−$621,737
XI-4 Net assets at start of year$1,210,384
XI-9 Other changes in net assets−$32
XI-10 Net assets at end of year$588,615

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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