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RIVERHEAD CHARTER SCHOOL: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
RIVERHEAD CHARTER SCHOOL (EIN 11-3533719)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-04-13
IRS object ID
202601039349300315
Schema version
2024v5.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-04-13T09:07:06-05:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN113066459PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CERINI & ASSOCIATES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13340 VETERANS MEMORIAL HWYAddressLine1Txt
CityBOHEMIACityNm
State AbbreviationNYStateAbbreviationCd
ZIP11716ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN113533719EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RIVERHEAD CHARTER SCHOOLBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRIVEBusinessNameControlTxt
Phone6313695800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13685 MIDDLE COUNTRY ROADAddressLine1Txt
CityCALVERTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11933ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID EDWARDSPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6313695800PhoneNum
Signature2026-04-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEN CERINIPreparerPersonNm
PTINP00223556PTIN
Phone6315821600PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID EDWARDSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line13685 MIDDLE COUNTRY ROADAddressLine1Txt
CityCALVERTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11933ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$21,812,940GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RIVERHEADCHARTERSCHOOL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2001FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO OFFER STUDENTS A TRUE CHOICE IN PUBLIC EDUCATION AND PROMOTE THE LOVE OF LEARNING.ActivityOrMissionDesc
Voting Members Governing Body5VotingMembersGoverningBodyCnt
Voting Members Independent5VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$518,118PYContributionsGrantsAmt
CY Contributions Grants$287,345CYContributionsGrantsAmt
PY Program Service Revenue$18,239,584PYProgramServiceRevenueAmt
CY Program Service Revenue$20,986,738CYProgramServiceRevenueAmt
PY Investment Income$412,233PYInvestmentIncomeAmt
CY Investment Income$460,262CYInvestmentIncomeAmt
PY Other Revenue$43,184PYOtherRevenueAmt
CY Other Revenue$78,595CYOtherRevenueAmt
PY Total Revenue$19,213,119PYTotalRevenueAmt
CY Total Revenue$21,812,940CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$11,056,623PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$12,354,680CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$6,513,538PYOtherExpensesAmt
CY Other Expenses$6,744,155CYOtherExpensesAmt
PY Total Expenses$17,570,161PYTotalExpensesAmt
CY Total Expenses$19,098,835CYTotalExpensesAmt
PY Revenues Less Expenses$1,642,958PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$2,714,105CYRevenuesLessExpensesAmt
Total Assets BOY$40,470,231TotalAssetsBOYAmt
Total Assets EOY$42,364,802TotalAssetsEOYAmt
Total Liabilities BOY$22,736,038TotalLiabilitiesBOYAmt
Total Liabilities EOY$21,916,504TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$17,734,193NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$20,448,298NetAssetsOrFundBalancesEOYAmt
MissionTO OFFER STUDENTS A TRUE CHOICE IN PUBLIC EDUCATION AND PROMOTE THE LOVE OF LEARNING AND THE EXPLORATION OF LOCALITY AND ENVIRONMENTS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$16,757,132ExpenseAmt
Revenue$20,986,738RevenueAmt
DescTHE SCHOOL'S MAIN OBJECTIVE IS TO OFFER STUDENTS A TRUE CHOICE IN PUBLIC EDUCATION, WHICH PROMOTES LOVE OF LEARNING AND LOCAL EXPLORATION. THE SCHOOL'S GOAL IS TO PROVIDE A RIGOROUS COMMUNITY OF LEARNING, WHICH IS INVITING AND STIMULATING TO STUDENTS AND PARENTS, AS WELL AS STAFF. THE SCHOOL INTENDS TO REVERSE THE CURRENT SPIRAL OF STUDENT FAILURE AND MEET OR EXCEED STATE AND FEDERAL STANDARDS, TO NURTURE THE INDIVIDUAL GIFTS OF EVERY STUDENT, AND TO PREPARE THEM FOR A REWARDING COMMUNITY LIFE. REVENUE IS GENERATED FROM TUITION FEES FROM MORE THAN A DOZEN SCHOOL DISTRICTS FOR STUDENTS WHO ENROLL AT RIVERHEAD CHARTER SCHOOL.Desc
Total Program Service Expenses$16,757,132TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document26IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members5GoverningBodyVotingMembersCnt
Independent Voting Member5IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6313695800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line13685 MIDDLE COUNTRY ROADAddressLine1Txt
CityCALVERTONCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11933ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeInd
AIMEE LOMONACO
VICE PRESIDENT1.00Yes (X)Yes (X)$0$0$0
ZENOBIA HARTFIELD
TRUSTEE1.00Yes (X)$0$0$0
NATASHA JEFFRIES
SECRETARY1.00Yes (X)Yes (X)$0$0$0
DAVID EDWARDS
PRESIDENT1.00Yes (X)Yes (X)$0$0$0
MARIA CINTRON
TREASURER1.00Yes (X)Yes (X)$0$0$0
NICOLA GRAHAM
COO & CFO40.00Yes (X)$160,363$0$17,962
RAYMOND ANKRUM
SUPERINTENDENT40.00Yes (X)$191,771$0$42,279
PATRICK T MCKINNEY
HIGH SCHOOL PRINCIPAL40.00$123,972$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$476,106TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$60,241TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K3IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
ATOZ CATERING HOUSE LLC
199-21 MURDOCK AVEST ALBANSNY11412PROVIDED SCHOOL MEALS$1,086,161
CINTAS
400 W MAIN STRIVERHEADNY11901PROVIDED CLEANING SUPPLIES$1,050,142
NYS TEACHERS RETIREMENT SYSTEM
55 WATER STREETNEW YORKNY10041PROVIDED BENEFITS FOR TEACHERS$934,007
FARRELL FRITZ PC
400 RXR PLAZAUNIONDALENY11556PROVIDED LEGAL SERVICE$435,000
MONTAUK BUS CHARTER LLC
209 WADING RIVER ROADCENTER MORICHESNY11934PROVIDED TRANSPORTATION$348,756
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt
Government Grants$227,905GovernmentGrantsAmt
All Other Contributions$59,440AllOtherContributionsAmt
Total Contributions$287,345TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescTUITION AND SERVICE PROGRAM INCOMDesc
Business611710BusinessCd
Total Revenue Column$20,986,738TotalRevenueColumnAmt
Related Or Exempt Func Income$20,986,738RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$20,986,738TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$460,262TotalRevenueColumnAmt
Exclusion$460,262ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescE-RATEDesc
Business900099BusinessCd
Total Revenue Column$78,595TotalRevenueColumnAmt
Related Or Exempt Func Income$78,595RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$78,595OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$21,812,940TotalRevenueColumnAmt
Related Or Exempt Func Income$21,065,333RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$460,262ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$672,174TotalAmt
Program Services$584,497ProgramServicesAmt
Management And General$87,677ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$8,730,764TotalAmt
Program Services$7,591,936ProgramServicesAmt
Management And General$1,138,828ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$2,118,359TotalAmt
Program Services$1,864,156ProgramServicesAmt
Management And General$254,203ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$833,383TotalAmt
Program Services$733,377ProgramServicesAmt
Management And General$100,006ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$670,022TotalAmt
Program Services$489,719ProgramServicesAmt
Management And General$180,303ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$67,494TotalAmt
Program Services$59,213ProgramServicesAmt
Management And General$8,281ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$510,886TotalAmt
Program Services$477,321ProgramServicesAmt
Management And General$33,565ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$431,280TotalAmt
Program Services$378,362ProgramServicesAmt
Management And General$52,918ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$42,581TotalAmt
Program Services$37,356ProgramServicesAmt
Management And General$5,225ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$1,188,798TotalAmt
Program Services$1,110,694ProgramServicesAmt
Management And General$78,104ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$892,620TotalAmt
Program Services$833,975ProgramServicesAmt
Management And General$58,645ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$156,581TotalAmt
Program Services$146,293ProgramServicesAmt
Management And General$10,288ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
STUDENT MEALS$1,111,103$1,111,103
REPAIRS AND MAINTENANCE$648,194$605,608$42,586
SUPPLIES$431,427$378,491$52,936
MISCELLANEOUS$261,532$244,349$17,183

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$331,637TotalAmt
Program Services$110,682ProgramServicesAmt
Management And General$220,955ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$19,098,835TotalAmt
Program Services$16,757,132ProgramServicesAmt
Management And General$2,341,703ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$5,954,541BOYAmt
EOY$5,698,589EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$11,657,942BOYAmt
EOY$12,088,249EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$412,210BOYAmt
EOY$161,718EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,603,054BOYAmt
EOY$5,294,824EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$33,392BOYAmt
EOY$2,234EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$25,718,640LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$8,732,584LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$17,871,908BOYAmt
EOY$16,986,056EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,937,184BOYAmt
EOY$2,133,132EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$40,470,231BOYAmt
EOY$42,364,802EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,339,132BOYAmt
EOY$2,648,823EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$17,977,704BOYAmt
EOY$17,123,628EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,419,202BOYAmt
EOY$2,144,053EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$22,736,038BOYAmt
EOY$21,916,504EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$17,734,193BOYAmt
EOY$20,448,298EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,734,193BOYAmt
EOY$20,448,298EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$40,470,231BOYAmt
EOY$42,364,802EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$2,714,105ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$794,457OtherCostOrOtherBasisAmt
Book Value$794,457BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$23,686,788OtherCostOrOtherBasisAmt
Depreciation$7,706,934DepreciationAmt
Book Value$15,979,854BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,237,395OtherCostOrOtherBasisAmt
Depreciation$1,025,650DepreciationAmt
Book Value$211,745BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$16,986,056TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp (2 entries)

DescDescBook ValueBookValueAmt
SECURITY DEPOSITS$512,275
OPERATING LEASE ROU ASSET$1,620,857
FieldValueIRS element (for citing)
Total Book Value Other Assets$2,133,132TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
INTEREST PAYABLE$514,248
OPERATING LEASE LIABILITY$1,629,412
GRANT ADVANCE$393
FieldValueIRS element (for citing)
Total Liability$2,144,053TotalLiabilityAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2FormAndLineReferenceDesc
ExplanationTHE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS PUBLICLY SUPPORTED, AS DESCRIBED IN SECTION 509(A). THE SCHOOL IS ALSO EXEMPT FROM STATE AND LOCAL TAXES. THE SCHOOL EVALUATED FOR UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT THERE WERE NO UNCERTAIN TAX POSITIONS FOR 2022 AND 2023. THE SCHOOL FILES A FORM 990 AND IS EXEMPT FROM FILING A NEW YORK STATE RETURN. THE TAX RETURN IS SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AUTHORITIES. TAX RETURNS FOR THE YEARS ENDED JUNE 30, 2023, 2022, AND 2021 ARE OPEN FOR EXAMINATION BY FEDERAL AUTHORITIES. THE SCHOOL HAS DETERMINED THAT IT HAS REGISTERED IN ALL STATES WHERE IT IS REQUIRED TO BE REGISTERED.ExplanationTxt

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3THE RACIALLY NON DISCRIMINATORY POLICY IS PUBLICIZED IN THE STUDENT APPLICATION AND ON OUR WEBSITE: HTTPS://WWW.RIVERHEADCHARTERSCHOOL.ORG/FOR-PARENTS/RIGHTS-PROC EDURES/
SCHEDULE E, PART I, LINE 6RIVERHEAD CHARTER SCHOOL RECEIVES STATE AID FOR CHILDREN FROM OVER A DOZEN SUFFOLK COUNTY SCHOOL DISTRICTS. IN ADDITION, THE SCHOOL RECEIVES FEDERAL GRANTS, SOME OF WHICH ARE PASSED THROUGH FROM THE NEW YORK STATE EDUCATION DEPARTMENT.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
RAYMOND ANKRUM
SUPERINTENDENT$191,771$0$0$0$0$0$2,002$0$40,277$0$234,050$0$0$0
NICOLA GRAHAM
COO & CFO$160,363$0$0$0$0$0$640$0$17,322$0$178,325$0$0$0

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1TOWN OF RIVERHEADBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issued2013-08-01BondIssuedDt
Issue Price$16,105,000IssuePriceAmt
PurposeTO FINANCE THE CONSTRUCTION OF TWO STORY BUILDINGPurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Total Proceeds$16,105,000TotalProceedsAmt
In Reserve Fund$1,502,925InReserveFundAmt
Capitalized Interest$1,545,978CapitalizedInterestAmt
Issuance Costs From Proceeds$627,630IssuanceCostsFromProceedsAmt
Credit Enhancement$33,303CreditEnhancementAmt
Capital Expenditures$9,200,000CapitalExpendituresAmt
Other Spent Proceeds$3,195,164OtherSpentProceedsAmt
Substantial Completion2014SubstantialCompletionYr
Refunding Tax Exempt Bonds0RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation MadeYes (1)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond Remdtd0ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due Yet0RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds Invested0GrossProceedsInvestedInd
Written Proc To Monitor Reqs0WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective Action0ProceduresCorrectiveActionInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE SCHOOL'S AUDIT FIRM WILL PREPARE THE RETURN AND PROVIDE A DRAFT COPY TO THE BOARD PRIOR TO FILING. THE BOARD WILL REVIEW THE FORM AT A BOARD MEETING TO DISCUSS ANY ISSUES OR CONCERNS AND COMPARE ANY FINANCIAL INFORMATION TO THE AUDITED FINANCIALS. ANY ISSUES OR QUESTIONS RAISED BY A MEMBER OF THE BOARD WILL BE ADDRESSED BY THE DIRECTOR OF FINANCE, THE PRESIDENT OF THE BOARD, OR THE SCHOOL'S AUDIT FIRM. THE BOARD WILL THEN CONFIRM ANY CHANGES AND FILE A COMPLETE AND ACCURATE INCOME TAX RETURN.
FORM 990, PART VI, SECTION B, LINE 12CTHE BOARD MEMBERS SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY AND MUST DISCLOSE ANY CONFLICTS THAT MAY ARISE. BOARD MEMBERS ARE REMINDED TO DISCLOSE CONFLICTS AT THE BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD GIVES IT'S RECOMMENDATIONS AND APPROVALS FOR COMPENSATION. ALL COMPENSATION DECISIONS ARE THE RESPONSIBILITY OF THE BOARD. THE BOARD OBTAINS PUBLIC INFORMATION FROM OTHER ORGANIZATION'S FORM 990 REGARDING COMPENSATION OF COMPARABLE POSITIONS AND BASES THE COMPENSATION ON THAT INFORMATION.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES IT'S GOVERNING DOCUMENTS, FINANICAL STATEMENTS, CONFLICT OF INTEREST POLICY AND 990 AVAILABLE TO THE PUBLIC UPON REQUEST AT IT'S ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. IN ADDITION, THE 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG.

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