Overview
What is Riverside Academy Inc?
Riverside Academy Inc, situated at 332 Railroad Avenue, Reserve, Louisiana 70084, is a nonprofit educational institution that serves students from preschool to twelfth grade. With approximately 545 enrolled students, the academy offers a comprehensive curriculum along with extracurricular activities like music, arts, and sports, ensuring a well-rounded educational experience. Employing a team of 103 dedicated individuals, the academy is committed to fostering the academic and personal growth of its students.
Official website here: www.riversideacademy.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement (62%, Two-Star out of Four Star rating)
Riverside Academy Inc has received a rating indicating the organization is in need of improvement, primarily due to issues related to accountability and finance. The majority of the board members are independent, which is a positive aspect reflecting governance stability. However, the organization lacks transparency in financial reporting, as it has not provided financial statements or a publicly accessible tax form.
Despite the shortcomings in financial disclosures, Riverside Academy Inc demonstrates strong program expense efficiency with a program expense ratio of nearly 87%. The organization has implemented several key policies, such as conflict of interest and whistleblower policies, which are essential for ethical governance. Nonetheless, the absence of a document retention policy and missing financial documents limits the overall accountability of the nonprofit.
Overall, while Riverside Academy Inc shows strengths in governance and program spending, the significant gaps in financial transparency and documentation need to be addressed to enhance trust and ensure better performance in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Riverside Academy Inc legitimate?
Riverside Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $80,000
Professional Fundraising Fees: $9,502
Other Salaries and Wages: $2,104,042
For more financial information, click here
Official website here: www.riversideacademy.com
What is the mission statement of Riverside Academy Inc?
Riverside Academy Inc serves as an educational institution, catering to students from preschool to twelfth grade. Its mission, in essence, is centered around providing quality education to these students. While the provided information does not explicitly state a mission statement, it can be inferred that the institution's purpose is to educate and nurture the intellectual, emotional, and social growth of its students. The institution also offers extracurricular activities such as music, fine arts, and sports, further enriching the learning experience for its approximately 545 students.
Official website here: www.riversideacademy.com
What is the revenue of Riverside Academy Inc?
Riverside Academy Inc's revenue in 2024 was $4,053,660.
Official website here: www.riversideacademy.com
Who are the executives of Riverside Academy Inc and what are their salaries?
The average compensation at Riverside Academy Inc during 2024 was $20,223. There are 108 employees and 30 volunteers at Riverside Academy Inc.
Here are 12 key members and their salaries:
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Official website here: www.riversideacademy.com
Where can I find the form 990 for Riverside Academy Inc?
Riverside Academy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.riversideacademy.com
Learn more at the official website: www.riversideacademy.com
Mission Statement of Riverside Academy Inc
Riverside Academy Inc, an educational institution, is dedicated to teaching students from preschool to twelfth grade. Its mission is to offer comprehensive educational services, extending beyond the classroom with extracurricular activities such as music, fine arts, and sports, to cater to the holistic development of its approximately 545 students.
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Impact
July, 2024
Riverside Academy Inc's impact is evident through its provision of educational services for approximately 545 students from preschool through twelfth grade. The institution offers a diverse range of extracurricular activities, including music, fine arts, and sports, to enrich the educational experience for its students. By focusing on educational instruction and providing access to a variety of enrichment opportunities, Riverside Academy Inc plays a crucial role in shaping the academic and personal development of its students in RESERVE, LA.
This information is meant to be a general summary of Riverside Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: -$438
- Program Service Revenue: $3,215,617
- Gross Receipts: $4,467,516
Assets and Liabilities:
- Total Assets: $4,457,835
- Total Liabilities: $3,247,451
- Net Assets: $1,210,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Cafeteria/bookstore sales
Revenue
$460,241
Extra curricular fees
Revenue
$140,047
Miscellaneous
Revenue
$101,509
Special fees-Education
Revenue
$62,940
Tuition and related fees
Revenue
$2,386,137
Organization Details
Founding Year
1969
Principal Officer
Dexter Falgoust
Website
www.riversideacademy.comNTEE Category
Code: B20 - Education
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