Riverview Educational Foundation EIN 91-1549971 Form 990 (PDF) Claim this org

Riverview Educational Foundation FY2023 filing

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Funds school programs and student enrichment activities within the Riverview School District. For fiscal year 2023 it reported $235K in revenue, $124K in expenses, and $524K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Duvall, WA
Website
refweb.org
Filings
4 on file (2022–2023)
Revenue
$235KFY2023
Expenses
$124K
Net assets
$524K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  91-1549971 Public foundation / grantmaker Duvall, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds school programs and student enrichment activities within the Riverview School District.
Leadership
Kim Piira · Board of Directors
Money in and out
$235K revenue, $124K expenses
Bottom line
95% program efficiency
Grants paid & assets · FY2023
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$124K
Pt IX · Ln 25
Net assets
$524K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $111K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs
Operating runway
50.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+47%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$235K
FY2023▲ +253%
Expenses
$124K
FY2023
Total assets
$524K
FY2023
Total liabilities
$0
FY2023
Total revenue
$235K
Pt VIII · Ln 12
Total expenses
$124K
Pt IX · Ln 25
Net assets
$524K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$111K
Total assetsPt X · Ln 16$524K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRiverview Educational Foundation
EINHdr · item D91-1549971
Principal addressHdr · item CDuvall, WA
WebsiteHdr · item Jrefweb.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20Z)
Ruling yearIRS BMFApr 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Riverview Educational Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $119K of program spending, described in the organization's own filed words · FY2022.
01

District initiative, school and classroom grants totaling $115,567. And high school scholarships totaling $3,000. The revenue is from reconciling done by the school district. They refund any money not used.

$119Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$233K · 99%
Other revenue$2K · 1%
Contributions & grants99%$233K
Other revenue1%$2K
Investment income$140
Total revenueLn 12$235K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$119K
Management & general5%$6K
Total functional expensesLn 25$124K

Balance Sheet

Part X · end of year
CashLn 1$524K
Total assetsLn 16$524K
Total liabilitiesLn 26$0
Total net assetsLn 32$524K
Months of cash on handcomputed50.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $524K · Operating expenses/yr $124K
50.6 months
Where the money goes
Program services
Program services $119K · Total expenses $124K
95%
Management & General
Management & general $6K · Total expenses $124K
5%
Fundraising
Fundraising $0 · Total expenses $124K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $233K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $233K · Total revenue $235K
99%
Government reliance
Government grants $0 · Total revenue $235K
0%
Earned-income share
Program service revenue $0 · Total revenue $235K
0%
Investment reliance
Investment income $140 · Total revenue $235K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $124K
0%
Growth & trend
Revenue growth (YoY)
This year $235K · Prior year $67K
+253%
Net-asset trend (YoY)
End of year $524K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $235K · Expenses $124K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $524K
Net-asset ratio
Net assets $524K · Total assets $524K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $524K
0%
People & payroll
Highest Reported Total Compensation
Individual Kim Piira · Reported title board of directors · Highest reported compensation $0 · Total expenses $124K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $124K
0%
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%
Revenue growth 253%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

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 · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 2 grants · $252K · 2022–2023
Riverview School DistrictFY2023$136,510
Riverview School DistrictFY2022$115,567

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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)$247K revenue · ⤓ 990 PDF
FY2024$247K revenue · ⤓ 990 PDF
FY2023$235K revenue · viewing · ⤓ 990 PDF
FY2022$67K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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