River Ridge Learning Center INC EIN 84-4589360 Form 990 (PDF) Claim this org

River Ridge Learning Center INC

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Provides early childhood education and childcare, focusing on STEM, arts, and social-emotional growth. For fiscal year 2025 it reported $896K in revenue, $957K in expenses, and $1.1M in net assets.Pt I

Founded
2020
Type
Public charity (501(c)(3)) · Education
Location
Jeffersonville, IN
Website
www.riverridgelearningcenter.org
Filings
6 on file (2020–2025)
Revenue
$896KFY2025
Expenses
$957K
Net assets
$1.1M
People
5
Filings
6
Updates
0
More identity details & actions ⌄
EIN  84-4589360 Public charity (501(c)(3)) Jeffersonville, IN Founded 2020
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides early childhood education and childcare, focusing on STEM, arts, and social-emotional growth.
Leadership
James Karp · Director
Money in and out
$896K revenue, $957K expenses
Bottom line
95% program efficiency
Where the money goes · FY2025
Total revenue
$896K
Pt VIII · Ln 12
Total expenses
$957K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$61K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05 Fundraising $0.00
Program efficiency
95%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -33% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▲ +41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$896K
FY2025▲ +13%
Expenses
$957K
FY2025▲ +8%
Total assets
$1.1M
FY2025▼ -7%
Total liabilities
$2K
FY2025▼ -86%
Total revenue
$896K
Pt VIII · Ln 12
Total expenses
$957K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$61K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRiver Ridge Learning Center INC
EINHdr · item D84-4589360
Principal addressHdr · item CJeffersonville, IN
Year of formationHdr · item L2020
State of legal domicileHdr · item MIN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24)
Ruling yearIRS BMFSep 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $911K of program spending, described in the organization's own filed words · FY2025.
01

The academy at river ridge provides an extraordinary, progressive early childhood education where young children spark and cultivate their natural curiosity and lifelong love for learning. We utilize an emergent curriculum, with a project and play-based approach.

$911Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$555K · 62%
Contributions & grants$340K · 38%
Program service revenue62%$555K
Contributions & grants38%$340K
Investment income$116
Total revenueLn 12$896K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05 Fundraising $0.00
Program services95%$911K
Management & general5%$43K
Fundraising$3K
Total functional expensesLn 25$957K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$2K
Total net assetsLn 32$1.1M
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $957K
0.2 months
Where the money goes
Program services
Program services $911K · Total expenses $957K
95%
Management & General
Management & general $43K · Total expenses $957K
5%
Fundraising
Fundraising $3K · Total expenses $957K
0.3%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $302K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $340K · Total revenue $896K
38%
Government reliance
Government grants — · Total revenue $896K
Earned-income share
Program service revenue $555K · Total revenue $896K
62%
Investment reliance
Investment income $116 · Total revenue $896K
+0.01%
Program self-sufficiency
Program service revenue $555K · Total expenses $957K
58%
Growth & trend
Revenue growth (YoY)
This year $896K · Prior year $791K
+13%
Revenue CAGR
FY2020 $100K · FY2025 $896K
+55%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $896K · Expenses $957K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual James Karp · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $957K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $696K · Total expenses $957K
73%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0.9%
Revenue growth 13%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$180K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$896K revenue · viewing · ⤓ 990 PDF
FY2024$791K revenue · ⤓ 990 PDF
FY2023$785K revenue · ⤓ 990 PDF
FY2022$475K revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$100K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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