Three Rivers Charter School FY2024 filing

Tax-deductible

West Linn, OR501(c)(3)Since 2001EducationEIN 93-1308095

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Operation of a public Charter School

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$118K 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $23K a year · 1% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$118K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $38K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+2% vs prior year
Spent
$1.8M
To programs
72%
Net assets
$512K
By yearFY2020–FY2024
Revenue
$1.7M
FY2024▲ +2%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.7M
FY2023$1.6M
FY2024$1.7M
FY2024$1.8M
Expenses
$1.8M
FY2024▲ +12%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
FY2024$2.0M
Net assets
$512K
FY2024▼ -4%
Net assets by fiscal year
FY2020$402K
FY2021$335K
FY2022$478K
FY2023$536K
FY2024$512K
FY2024$395K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2001.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.3M Management & general 25% · $454K Fundraising 4% · $66K

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

7 people listed on the 990; $118K 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
Executive Di
$117,733Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Cochai
$0Pt VII · Sec A

Megan Elston’s $128K as Executive Di is at the 51st 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 · 2 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Nicholas Chapin———$68,263$127,083$133,667
Megan Elston$127,567$117,733$110,783$96,730$83,020—

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.

See Three Rivers Charter School executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Operates a public charter school for students.

Provided by the organization

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1 program · $1.3M · in their own filed words · FY2023
01

Operation of a public charter school in the west LINN/WILSONVILLE school district. Serving grades 4-8.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$38K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.6M
Fees for servicesLn 2g$41K
Investment incomeLn 3$4K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.3M
Managementcol C$454K
Fundraisingcol D$66K
Owns and owesPt X
$512K
net assets · Ln 32
Cash and savingsLn 1–2$339K
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Government grantsLn 1e$1.3M
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$41K
Investment incomeLn 3$4K
Other incomeLn 4–11$3K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$170K
SavingsLn 2$169K
Cash and savings togetherLn 1–2$339K
Land, buildings, equipmentLn 10c$2.8M
Other assetsLn 15$444K
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.1M
Net assetsLn 32$512K
OperationsPt I, VI
EmployeesI 518
VolunteersI 625
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$468K$339K
Land, buildings, equipmentLn 10c$2.9M$2.8M
Total assetsLn 16$3.8M$3.6M
LiabilitiesLn 26$3.3M$3.1M
Net assetsLn 32$536K$512K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$118K$87K$31K
Other salaries and wagesLn 7$789K$584K$205K
Pension plan contributionsLn 8$279K$206K$72K
Other employee benefitsLn 9$112K$83K$29K
Payroll taxesLn 10$86K$63K$22K
Accounting feesLn 11c$14K$10K$4K
Other fees for servicesLn 11g$4K$3K$923
Office expensesLn 13$27K$22K$4K
Information technologyLn 14$21K$16K$5K
OccupancyLn 16$26K$20K$7K
InterestLn 20$85K$63K$22K
Depreciation, depletion and amortizationLn 22$84K$62K$22K
InsuranceLn 23$22K$16K$6K
Other expenses (24a–d)Ln 24$179K$89K$23K$66K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$1.8M$1.3M$454K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $1.7M$1.8M−$180K$512K 990 PDF
FY2023 $1.6M$1.6M−$6K$536K 990 PDF
FY2022 $1.7M$1.5M$127K$478K 990 PDF
FY2021 $1.5M$1.5M−$63K$335K 990 PDF
FY2020 $1.5M$1.5M$8K$402K 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 (4 parts)
Part VIII · Statement of revenue $1,667,771 across 8 lines filed
VIII-1c Fundraising events$13,842
VIII-1e Government grants$1,266,458
VIII-1f All other contributions, gifts and grants$339,887
VIII-1h Total contributions, gifts and grants$1,620,187
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,951$40,951
VIII-3 Investment incomeExcluded from tax $3,693$3,693
VIII-8 Net income from fundraising events$2,940
VIII-12 Total revenueRelated to mission $40,951 · Excluded from tax $3,693$1,667,771
Part IX · Statement of functional expenses $1,848,173 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $87,123 · Management $30,611$117,734
IX-7 Other salaries and wagesPrograms $583,634 · Management $205,061$788,695
IX-8 Pension plan contributionsPrograms $206,275 · Management $72,475$278,750
IX-9 Other employee benefitsPrograms $83,060 · Management $29,183$112,243
IX-10 Payroll taxesPrograms $63,413 · Management $22,280$85,693
IX-11c Accounting feesPrograms $10,355 · Management $3,638$13,993
IX-11g Other fees for servicesPrograms $2,627 · Management $923$3,550
IX-13 Office expensesPrograms $22,327 · Management $4,406$26,733
IX-14 Information technologyPrograms $15,514 · Management $5,451$20,965
IX-16 OccupancyPrograms $19,524 · Management $6,860$26,384
IX-20 InterestPrograms $62,579 · Management $21,987$84,566
IX-22 Depreciation, depletion and amortizationPrograms $62,040 · Management $21,798$83,838
IX-23 InsurancePrograms $15,953 · Management $5,605$21,558
IX-24 Other expenses (24a–d)Programs $89,386 · Management $23,429 · Fundraising $66,389$179,204
IX-24e All other expensesPrograms $4,267$4,267
IX-25 Total functional expensesPrograms $1,328,077 · Management $453,707 · Fundraising $66,389$1,848,173
Part X · Balance sheet $3,617,074 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $453,325$170,172
X-2 Savings and temporary cash investmentsStart of year $14,884$168,571
X-4 Accounts receivableStart of year $20,111$7,135
X-9 Prepaid expenses and deferred chargesStart of year $11,415$6,927
X-10c Land, buildings and equipment, netStart of year $2,903,214$2,820,300
X-15 Other assetsStart of year $437,426$443,969
X-16 Total assetsStart of year $3,840,375$3,617,074
X-17 Accounts payable and accrued expensesStart of year $56,741$57,889
X-25 Other liabilitiesStart of year $1,553,406$1,403,422
X-26 Total liabilitiesStart of year $3,304,227$3,104,800
X-27 Net assets without donor restrictionsStart of year $536,148$512,274
X-32 Total net assets or fund balancesStart of year $536,148$512,274
X-33 Total liabilities and net assetsStart of year $3,840,375$3,617,074
Part XI · Reconciliation of net assets $512,274 net assets at year end
XI-1 Total revenue$1,667,771
XI-2 Total expenses$1,848,173
XI-3 Revenue less expenses−$180,402
XI-4 Net assets at start of year$536,148
XI-9 Other changes in net assets$156,528
XI-10 Net assets at end of year$512,274

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

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