2023-04-17T13:00:03-07:00 2022-05-31 721324247 Errol J Dennis Jr & Associates APAC 3636 North Causeway Blvd Suite 100 Metairie LA 70002 990 2021-06-01 720691644 Riverside Academy Inc RIVE 9855364246 332 Railroad Avenue Reserve LA 70084 Steven Millet Director 2023-04-17 true Steven Millet 999009999 ERROL J DENNIS JR P00956635 5048331666 2 AAL1 IAL1 FAL1 2021 2023-04-26 12:10:37Z 332 Railroad Avenue Reserve LA 700846623 5681910 false X www.riversideacademy.com X 1969 LA Educational institution instructing students from preschool through twelfth grade 12 8 94 15 0 840370 1050302 2450274 2690637 -5190 -36953 6191 1759612 3291645 5463598 97660 61595 0 2121313 2353230 0 68282 1492785 1689048 3711758 4103873 -420113 1359725 2318195 4730708 2922571 3975359 -604376 755349 Educational institution instructing students from preschool through twelfth grade false false 3535008 61595 2813574 Educational services for preschool through twelfth grade are provided for approximately 485 students. Extracurricular activities such as music, fine arts, and sports are also available to students. 3535008 true true false false false false false false false false true false false false false false false false true false false false false false true false false false true false false false false false false false false false true false false false false false false false false true 4 0 true 94 true false false false false false false false 0 false false false false false false false X 12 8 true false false false true true true true true false false true true true true true false false true false LA X Brandi Melancon 9855364246 332 Railroad Avenue Reserve LA 700846623 X Holly Haase Principal 50.00 0.00 X 68750 0 0 Michael Coburn Principal 50.00 0.00 X 6667 0 0 Desiree Bennett Secretary 6.00 0.00 X X 0 0 0 Steven Millet Director 10.00 0.00 X 0 0 0 William Ed Wahden President 12.00 0.00 X X 0 0 0 Pamela Orgeron Director 12.00 0.00 X 0 0 0 Dexter Falgoust Director 5.00 0.00 X 0 0 0 Keith Brock Director 5.00 0.00 X 0 0 0 Randy Cashio Treasurer 10.00 0.00 X X 0 0 0 Shawn St Pierre Director 5.00 0.00 X 0 0 0 Joseph Guidry Director 5.00 0.00 X 0 0 0 Thomas Diamond Director 5.00 0.00 X 0 0 0 Wilfred Blaize Catoire Director 5.00 0.00 X 0 0 0 75417 0 false false false 0 82180 918611 49511 94377 1050302 Cafeteria/bookstore sales 81671 81671 Extra curricular fees 152215 152215 Fundraising activities 18125 18125 Special fees-Education 322888 322888 Tuition and related fees 2103148 2103148 12590 12590 2690637 392 392 0 0 0 37345 -37345 -37345 -37345 182993 82180 180967 2026 9500 9500 9500 0 Ida Insurance Claim Gain 900099 1748086 1748086 1748086 5463598 2690637 1720633 0 61595 61595 0 0 75417 70084 5000 333 2018217 1743938 253640 20639 0 8900 7766 1049 85 86890 75814 10245 831 163806 142926 19314 1566 0 0 8900 8900 0 0 0 0 8229 7104 1018 107 7476 1121 5981 374 81284 77220 4064 0 279110 251198 27912 3343 3343 0 15577 15577 97457 97457 0 159135 142327 15280 1528 120821 108739 12082 Cost of goods sold(Book & Caf) 214627 214627 Supplies 173274 175377 46 -2149 Equipment rental & mtce. 125639 124366 1273 Repairs and maintenance 101279 92014 9265 292897 219872 28057 44968 4103873 3535008 500583 68282 23393 282352 384834 1707113 0 183978 509692 0 0 0 31099 34351 8919 12665 6332500 4157857 1656948 2174643 0 0 0 28699 9567 325 325 2318195 4730708 579939 683368 436148 1361831 1906484 1930160 2922571 3975359 X -604376 755349 -604376 755349 2318195 4730708 1359725 X false false false X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58375 58375 2420290 1557086 863204 2202343 1172283 1030060 1399350 1191819 207531 252142 236669 15473 2174643 true true true true true true true false false false false false false false false true false true Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized Advertisement of the nondiscrimination policy and notification of registration were published in the four newspapers that serve the area. Direct solicitation was made at churches and schools in the area that serve minority students. Schedule E, Line 4 - Explanation of Records and Materials Not Maintained Schedule E, Line 5 - Explanation of Organization Discrimination by Race X false Spring Festival 98187 19190 78997 47582 32598 Quarterback Club 63719 9969 53750 193 33915 3 103267 53021 50246 963 65716 265173 82180 182993 1156 47582 132229 180967 2026 true 0 0 Scholarships awarded 22 61595 Grantmaker's Description of How Grants are Used The Board of Directors established the requirements for students eligible for scholarships. Applicants are evaluated by the Board based on that written criteria. Crystal Millet Spuose-Bd member 24600 Employee of school false LINDSAY GUIDRY Spuose-Bd member 36625 Employee of school false AMY ST PIERRE Spuose-Bd member 5250 Employee of school false X 11592 COST X SERVICES AND SUPPLIES 1 47485 COST X PROF FEES AND COMP SER 1 2425 COST VAR SUPPLIES 7 94377 false false false Statement Note 1 REV. PROC. 2021-48FORGIVENESS OF PAYCHECK PROTECTION PROGRAM LOANSRIVERSIDE ACADEMY, INC.72-0691644332 RAILROAD AVENUERESERVE, LA 70084-6623APPLYING SECTION 3.01(1) OF REV. PROC. 2021-48 FOR THE YEAR ENDED 5/31/2021.TAX-EXEMPT INCOME FROM PPP FORGIVENESS TREATED AS RECEIVED/ACCRUED: $411,478.FORGIVENESS OF THE PPP LOAN HAS BEEN GRANTED AS OF THE DATE THE RETURN IS FILED. Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et Payment of Compensation:The spouses of two Board Members are employed by the school. Both are compensated at rates which are comparable to non-related employees. The spouses and amounts of annual compensation are: 1. Chantelle Epperly, spouse of Dennis Epperly $24,283.2. Crystal Millet, spouse of Steven Millet $23,674.The Principal of the School is a Board Member:1. Michael Coburn $80,000.Board Member:1. Pamela Orgeron was paid $1,320 for substitute teaching Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder Each family registering a child is considered a member. The membership is valid as long as a child is registered at Riverside Academy. If a member no longer has a child registered at Riverside Academy, the member will be charged annual dues of $25. Stockholders of the former Riverside Academy for-profit corporation are considered lifetime members. The lifetime membership may be transferred to another eligible individual for a fee of $25. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body At the annual Member Meeting, the members nominate and vote on candidates for expiring positions on the Board of Directors. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders Changes to the Bylaws require approval by a vote of the members. Form 990, Part VI, Line 11b: Form 990 Review Process Each member of the Finance Committee reviews the Form 990. The Finance Committee communicates its approval to the Board and President. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure the Organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews are conducted. The periodic reviews at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. b. Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. When conducting the periodic reviews, the Organization may, but need not, use outside advisors. If outside experts are used, their use does not relieve the governing board of its responsibility for ensuring periodic reviews are conducted. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Upon hiring the principal, the Board agreed to pay him approximately what principals were being paid in surrounding parishes. There has been a cost of living increase each year thereafter. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available All governance documents and financial statements are available for review during normal business hours in the Administrative Office of the School. BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS FORM 990,PART VI,LINE 2-BUSINESS OR FAMILY RELATIONSHIP OF OFFICERS, DIRECTORS, ETC.PAYMENT OF COMPENSATION:THE SPOUSES OF THREE BOARD MEMBERS ARE EMPLOYED BY THE SCHOOL. aLL THREE ARE COMPENSATED AT RATES WHICH ARE COMPARABLE TO NON-RELATED EMPLOYEES. THE SPOUSES ANDAMOUNTS OF ANNUAL COMPENSATION ARE: 1. LINDSAY GUIDRY, WIFE OF JOSEPH GUIDRY $36,6252. CRYSTAL MILLET, WIFE OF STEVEN MILLET $24,600 3. AMY ST PIERRE, WIFE OF SHAWN PIERRE 5,250FORMER BOARD MEMBER:1. PAMELA ORGERON WAS PAID $687 FOR SUBSTITUTE TEACHINGFORM 990, PART VI, LINE 6 EXPLANATION OF CLASSES OF MEMBERS OR SHAREHOLDERSEACH FAMILY REGISTERING A CHILD IS CONSIDERED A MEMBER. THE MEMBERSHIP IS VALID ASLONG AS A CHILD IS REGISTERED AT RIVERSIDE ACADEMY. IF A MEMBER NO LONGER HAS A CHILD REGISTERED AT RIVERSIDE ACADEMY, THE MEMBER WILL BE CHARGED ANNUAL DUES OF$25. STOCKHOLDERS OF THE FORMER RIVERSIDE ACADEMY FOR-PROFIT CORPORATION ARE CONSIDERED LIFETIME MEMBERS. THE LIFETIME MEMBERSHIP MAY BE TRANSFERRED TO ANOTHERELIGIBLE INDIVIDUAL FOR A FEE OF $25.FORM 990, PART VI, LINE 7A - HOW MEMBERS OR SHAREHOLDERS ELECT THE GOVERNING BODYAT THE ANNNUAL MEMBER MEETING, THE MEMBERS NOMINATE AND VOTE ON CANDIDATES FOR EXPIRING POSITIONS ON THE BOARD OF DIRECTORS.FORM 990, PART VI, LIBE 7B - DECISIONS OF GOVERNING BODY BY MEMBERS OR SHAREHOLDERSCHANGES TO THE BYLAWS REQUIRE APPROVAL BY A VOTE OF THE MEMBERS.FORM 990, PARTVI, LINE 11B - FORM 990 REVIEW PROCESSEACH MEMBER OF THE FINANCE COMMITTEE REVIEWS THE FORM 990. THE FINANCE COMMITTEECOMMUNICATES ITS APPROVAL TO THE BOARD OF DIRECTORS AND PRESIDENT.FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING AND ENFORCEMENT OF CONFLICTSEACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARDDELAGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A, HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATIONIS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGEPRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. TOENSURE THE ORGANIZATON OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES ANDDOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODICREVIEWS ARE CONDUCTED. THE PERIODIC REVIEWS AT A MINIMUM, INCLUDE THE FOLLOWINGSUBJECTS: A. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ONCOMPETENT SURVEY INFORMATION, AND THE RESULT OD ARM'S LENGTH BARGAINING. B. WHETHERPARTNERSHPS, JOINT VENTURES, AND ARRANGEMENTS WITH MANAGEMENT ORGANIZATIONS CONFORMTO THE ORGANIZATION'S WRIITEN POLICES, ARE PROPERLY RECORDED, REFLECT REASONABLEIVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER CHARITABLE PURPOSES AND DONOT RESULT IN INUREMENT, IMPERMISSABLE PRIVATE BENEFIT OR IN AN EXCESS BENEFITTRANSACTION, WHEN CONDUCTING THE PERIODIC REVIEWS, THE ORGANIZATION MAY, BUT NEEDNOT, USE OUTSIDE ADVISORS, IF OUTSIDE EXPERTS ARE USED, THEIR USE DOES NOR RELIEVETHE GOVERNINNG BOARD OF ITSRESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARECONDUCTED.FORM 990,PART VI,LINE 15B-COMPENSATION REVIEW & APPROVAL PROCESS-OFFICERS & KEY EMPLOYEESUPON HIRING THE PRINCIPAL, THE BOARD AGREED TO PAY HIM APPROXIMATELY WHAT PRINCIPALSWERE BEING PAID IN SURROUNDING PARISHES. tHERE HAS BEEN A COST OF LIVING INCREASEEACH YEAR THEREAFTER.FORM 990,PART VI, LINE 19-OTHER ORGANIZATION DOCUMENTS PUBLICLY AVAILABLEALL GOVERNANCE DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE FOR REVIEW DURINGNORMAL BUSINESS HOURS IN THE ADMINISTRATION OFFICE OF THE SCHOOL.