Overview
What is Riverdale School District Foundation?
The Riverdale School District Foundation is a nonprofit organization located in Lake Oswego, Oregon. Its primary mission is to bridge the financial gap between the state and local funding for the Riverdale School District 51J, thereby ensuring educational excellence. The foundation achieved this by providing financial support of $1,628,500 in grants during the fiscal year ending June 30, 2023. Their activities are geared towards maintaining small class sizes and a diverse range of programs, which are renowned for delivering exceptional education in Oregon. By supporting the school district, they contribute significantly to the district's annual operating budget.
Official website here: www.riverdalefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)
The Riverdale School District Foundation has received a 73% rating from Charity Navigator, indicating a Two-Star performance. This score reflects solid accountability and financial practices, with high marks in areas such as independent board oversight and minimal liabilities. The foundation has demonstrated effective program expense management, devoting 97.71% of its resources directly to its programs.
However, there are notable weaknesses that impact the overall rating. The foundation lacks a whistleblower policy and has not established a document retention and destruction policy, both of which are critical for organizational transparency and governance. Addressing these areas could significantly enhance the foundation's accountability framework.
Overall, while the Riverdale School District Foundation shows strong commitment to its programs and maintains a well-structured board, improvements in governance policies are necessary to elevate its standing and bolster trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Riverdale School District Foundation legitimate?
Riverdale School District Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverdale School District Foundation 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.
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Official website here: www.riverdalefoundation.org
What is the mission statement of Riverdale School District Foundation?
The Riverdale School District Foundation's mission is centered around fostering educational excellence. It aims to bridge the funding gap between the state and local resources, and the annual operating budget of the Riverdale School District. The foundation achieves this by raising funds through their annual campaigns, which in turn, help maintain small class sizes and a wide range of educational programs. This commitment to exceptional education has set a notable standard in Oregon. The foundation demonstrated its support to the Riverdale School District 51J during the fiscal year ending June 30, 2023, by providing grants amounting to $1,628,500.
Official website here: www.riverdalefoundation.org
Who is the CEO of Riverdale School District Foundation?
Matthew Harad is the President of Riverdale School District Foundation.
Official website here: www.riverdalefoundation.org
What is the revenue of Riverdale School District Foundation?
Riverdale School District Foundation's revenue in 2023 was $1,023,270.
Official website here: www.riverdalefoundation.org
Who are the executives of Riverdale School District Foundation and what are their salaries?
There 51 volunteers at Riverdale School District Foundation.
Here are 18 key members and their salaries:
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Official website here: www.riverdalefoundation.org
Where can I find the form 990 for Riverdale School District Foundation?
Riverdale School District Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.riverdalefoundation.org
Learn more at the official website: www.riverdalefoundation.org
Mission Statement of Riverdale School District Foundation
The Riverdale School District Foundation operates with a mission to foster and uphold educational excellence within the Riverdale School District. Recognizing the substantial shortfall between the funding provided by state and local sources and the annual operating budget of the district, the foundation aims to bridge this gap. The funds raised through their annual campaigns enable the district to maintain small class sizes and preserve the breadth of programs that have become synonymous with exceptional education in Oregon. By providing financial support to the Riverdale School District 51J, the foundation plays a significant role in upholding the high standards of education within the district.
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Impact
July, 2024
Riverdale School District Foundation has a significant impact on the educational excellence of Riverdale School District in Lake Oswego, Oregon. Through its financial support, the foundation helps bridge the gap between available funding from state and local revenues and the district's annual operating budget. This support has enabled the district to maintain small class sizes and a wide range of programs that set the standard for exceptional education in Oregon. In the year ended June 30, 2023, the foundation provided total grants of $1,628,500 to Riverdale School District 51J, showcasing its commitment to ensuring a high-quality educational experience for students in the area.
This information is meant to be a general summary of Riverdale School District Foundation. 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 2023.
- Investment Income: $20,243
- Gross Receipts: $1,023,270
Assets and Liabilities:
- Total Assets: $1,148,754
- Total Liabilities: $0
- Net Assets: $1,148,754
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Organization Details
Founding Year
1993
Phone
(503) 303-8470Principal Officer
Matthew Harad
Main Address
PO BOX 36, LAKE OSWEGO, OR, 97034
Website
www.riverdalefoundation.orgNTEE Category
Code: T20Z - Philanthropy
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