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Two Rivers Supporting Corp FY2022 filing

Washington, DCUnknown exempt organization EIN 81-0710739Revenue $516K in FY2022Latest filing we have: 2022. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSWashington, DC

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To acquire, hold, and manage assets for use by Two Rivers public charter school, INC. ("Two Rivers"), a district of columbia nonprofit organization. In addition, the corporation was established to participate in the internal revenue service's new market tax credit program to finance leasehold improvements of Two rivers' facility. The corporation also engages in Supporting educational activities that enhance the operations of Two rivers' programs. The corporation operates high school placement and alumni support activities to assist current and former Two rivers' students in their next educational pursuit.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-0710739) · Dispute this line
42¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
The latest return is for FY2023, 3 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $7K a year · 2% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
42%
of spending
42% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.1 mo
of spending, in cash
6.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.4M
99% of total assets
Liabilities are 99% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$516K
<0.01% vs prior year
Spent
$440K
To programs
42%
Net assets
$34K
By yearFY2020–FY2023
Revenue
$516K
FY2022<0.01%
Tap a bar for its year
Revenue by fiscal year
FY2020$518K
FY2021$516K
FY2022$516K
FY2023$253K
Expenses
$440K
FY2022▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$524K
FY2021$495K
FY2022$440K
FY2023$317K
Net assets
$34K
FY2022▲ +179%
Tap a bar for its year
Net assets by fiscal year
FY2020−$64K
FY2021−$43K
FY2022$34K
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Follow Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2022.

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

Where the money goes

42 cents of each dollar spent went to programs.

Program services 42% · $183K Management & general 58% · $256K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ann Gosier
Trustee
$0Pt VII · Sec A
See Two Rivers Supporting Corp executive salaries →

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 15aNo

Programs and updates

Manages assets and finances for a public charter school, supporting its operations and student success.

Questions for Two Rivers Supporting Corp

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1 program · $183K · in their own filed words · FY2021
01

The corporation was established to participate in the internal revenue service's new market tax credit program to finance leasehold improvements of two rivers public charter school's facility.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-0710739) · Dispute this line
$183Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$516K
Ln 12
Investment incomeLn 3$318K
Fees for servicesLn 2g$197K
Money outPt IX
$440K
Ln 25
Programscol B$183K
Managementcol C$256K
Owns and owesPt X
$34K
net assets · Ln 32
Cash and savingsLn 1–2$224K
Total assetsLn 16$6.4M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$197K
Investment incomeLn 3$318K
Total revenueLn 12$516K
Assets in detailPt X, end of year
CashLn 1$224K
Cash and savings togetherLn 1–2$224K
Accounts receivableLn 4$92K
Notes and loans receivableLn 7$6.1M
Prepaid expenses and deferred chargesLn 9$863
Total assetsLn 16$6.4M
LiabilitiesLn 26$6.4M
Net assetsLn 32$34K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$159K$224K
Total assetsLn 16$6.3M$6.4M
LiabilitiesLn 26$6.4M$6.4M
Net assetsLn 32−$43K$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
InterestLn 20$250K$250K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$183K$183K$30
Total functional expensesLn 25$440K$183K$256K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 LatestFiled with the IRS May 14, 2024 $253K$317K−$64K$0 990 PDF
FY2022 ViewingFiled with the IRS May 12, 2023 $516K$440K$76K$34K 990 PDF
FY2021Filed with the IRS Apr 7, 2022 $516K$495K$21K−$43K 990 PDF
FY2020Filed with the IRS Jan 26, 2021 $518K$524K−$7K−$64K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $515,748 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $197,413$197,414
I-10 Investment incomePrior year $318,334$318,334
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $515,747$515,748
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $494,610$439,593
I-18 Total expensesPrior year $494,610$439,593
I-19 Revenue less expensesPrior year $21,137$76,155
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $515,748 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $197,414$197,414
VIII-3 Investment incomeExcluded from tax $318,334$318,334
VIII-12 Total revenueRelated to mission $197,414 · Unrelated business $0 · Excluded from tax $318,334$515,748
Part IX · Statement of functional expenses $439,593 across 5 lines filed
IX-11c Accounting feesManagement $4,000$4,000
IX-11g Other fees for servicesManagement $1,490$1,490
IX-20 InterestManagement $249,646$249,646
IX-23 InsuranceManagement $1,113$1,113
IX-24 Other expenses (24a–d)Programs $183,314 · Management $30$183,344
IX-25 Total functional expensesPrograms $183,314 · Management $256,279 · Fundraising $0$439,593
Part X · Balance sheet $6,438,991 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $159,256$223,995
X-4 Accounts receivableStart of year $59,991$92,333
X-7 Notes and loans receivableStart of year $6,121,800$6,121,800
X-9 Prepaid expenses and deferred chargesStart of year $770$863
X-16 Total assetsStart of year $6,341,817$6,438,991
X-17 Accounts payable and accrued expensesStart of year $122,357$134,301
X-25 Other liabilitiesStart of year $6,261,966$6,271,041
X-26 Total liabilitiesStart of year $6,384,323$6,405,342
X-27 Net assets without donor restrictionsStart of year −$42,506$33,649
X-32 Total net assets or fund balancesStart of year −$42,506$33,649
X-33 Total liabilities and net assetsStart of year $6,341,817$6,438,991
Part XI · Reconciliation of net assets $33,649 net assets at year end
XI-1 Total revenue$515,748
XI-2 Total expenses$439,593
XI-3 Revenue less expenses$76,155
XI-4 Net assets at start of year−$42,506
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$33,649

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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