Riverdale School Foundation FY2023 filing

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To cultivate and ensure educational excellence by supporting the Riverdale School district

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average deficit $221K a year · 20% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $258K
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
-10% vs prior year
Spent
$1.7M
To programs
98%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$1.0M
FY2023▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$1.1M
FY2023$1.0M
FY2024$1.1M
FY2025$1.2M
Expenses
$1.7M
FY2023▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.5M
FY2022$1.1M
FY2023$1.7M
FY2024$1.3M
FY2025$1.2M
Net assets
$1.1M
FY2023▼ -35%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.8M
FY2022$1.8M
FY2023$1.1M
FY2024$996K
FY2025$1.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Oct 1993.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $1.6M Management & general 1% · $8K Fundraising 2% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

18 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Riverdale School Foundation 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

Supports the Riverdale School District to cultivate and ensure educational excellence.

Questions for Riverdale School Foundation

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1 program · $1.6M · in their own filed words · FY2022
01

The foundation provided financial support to the riverdale school district 51j during the year ended june 30, 2023. Total grants of $1,628,500 were made to riverdale school district 51j.

$1.6Mprogram 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
See all 12 funders →
Grants paid · 5 grants · $6.4M · 2020–2024
Riverdale School District 51jFY2024$1,100,000
Riverdale School District 51jFY2023$1,200,000
Riverdale School District 51jFY2022$1,628,500
Riverdale School District 51jFY2021$1,069,701
Riverdale School District 51jFY2020$1,445,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$1.0M
Investment incomeLn 3$20K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$8K
Fundraisingcol D$30K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$653K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
18
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Noncash giftsLn 1g$11K
Investment incomeLn 3$20K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$368K
SavingsLn 2$285K
Cash and savings togetherLn 1–2$653K
InvestmentsLn 11–13$496K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.3M$653K
InvestmentsLn 11–13$467K$496K
Total assetsLn 16$1.8M$1.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.8M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.6M$1.6M
Accounting feesLn 11c$3K$3K
Office expensesLn 13$2K$649$1K
Information technologyLn 14$15K$3K$12K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$18K$578$17K
Total functional expensesLn 25$1.7M$1.6M$8K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 7, 2025 $1.2M$1.2M$317$1.0M 990 PDF
FY2024Filed with the IRS Oct 9, 2024 $1.1M$1.3M−$179K$996K 990 PDF
FY2023 ViewingFiled with the IRS Oct 27, 2023 $1.0M$1.7M−$644K$1.1M 990 PDF
FY2022Filed with the IRS Sep 27, 2022 $1.1M$1.1M$38K$1.8M 990 PDF
FY2021Filed with the IRS Sep 22, 2021 $1.2M$1.5M−$323K$1.8M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,023,270 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,120,738$1,003,027
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,990$20,243
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,136,728$1,023,270
I-13 Grants and similar amounts paidPrior year $1,069,701$1,628,500
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 $29,215$38,503
I-18 Total expensesPrior year $1,098,916$1,667,003
I-19 Revenue less expensesPrior year $37,812−$643,733
Part VI · Governance 18 of 18 board members independent, 3 to look at
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,023,270 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,003,027
VIII-1g Noncash contributions (included above)$11,085
VIII-1h Total contributions, gifts and grants$1,003,027
VIII-3 Investment incomeExcluded from tax $20,243$20,243
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $20,243$1,023,270
Part IX · Statement of functional expenses $1,667,003 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $1,628,500$1,628,500
IX-11c Accounting feesManagement $2,667$2,667
IX-13 Office expensesManagement $649 · Fundraising $1,260$1,909
IX-14 Information technologyManagement $3,168 · Fundraising $11,919$15,087
IX-23 InsuranceManagement $1,337$1,337
IX-24 Other expenses (24a–d)Management $578 · Fundraising $16,925$17,503
IX-25 Total functional expensesPrograms $1,628,500 · Management $8,399 · Fundraising $30,104$1,667,003
Part X · Balance sheet $1,148,754 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $244,971$368,408
X-2 Savings and temporary cash investmentsStart of year $1,065,564$284,795
X-11 Publicly traded securitiesStart of year $462,328$490,551
X-12 Other securitiesStart of year $5,000$5,000
X-16 Total assetsStart of year $1,777,863$1,148,754
X-26 Total liabilitiesStart of year $0$0
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $1,777,863$1,148,754
X-32 Total net assets or fund balancesStart of year $1,777,863$1,148,754
X-33 Total liabilities and net assetsStart of year $1,777,863$1,148,754
Part XI · Reconciliation of net assets $1,148,754 net assets at year end
XI-1 Total revenue$1,023,270
XI-2 Total expenses$1,667,003
XI-3 Revenue less expenses−$643,733
XI-4 Net assets at start of year$1,777,863
XI-5 Net unrealized gains (losses) on investments$14,624
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,148,754

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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