River Vale Educational Fund Inc
River Vale Educational Fund Inc consistently grows assets and maintains strong program spending with no reported officer compensation.
EIN: 113830615 · River Vale, NJ · NTEE: B12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 92/100 |
Is River Vale Educational Fund Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
River Vale Educational Fund Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About River Vale Educational Fund Inc
River Vale Educational Fund Inc (EIN: 113830615) is a nonprofit organization based in River Vale, NJ, classified under NTEE code B12. The organization reported total revenue of $1.8M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Vale Educational Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Vale Educational Fund Inc is a mid-size nonprofit that has been operating for 12 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$311K |
| Total Assets | $2.4M |
| Total Liabilities | $262K |
| Net Assets | $2.1M |
| Operating Margin | 19.5% |
| Debt-to-Asset Ratio | 11.0% |
| Months of Reserves | 22.4 months |
Financial Health Grade: A
In 2024, River Vale Educational Fund Inc reported a surplus of $311K with revenue exceeding expenses, holds 22.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), River Vale Educational Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.3% | +13.3% | +12.5% |
| 2023 | -14.6% | +30.9% | +33.7% |
| 2022 | +231.4% | +17.2% | +95.3% |
| 2021 | -53.6% | -36.4% | -33.8% |
| 2020 | -23.7% | -15.7% | -10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates River Vale Educational Fund Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, River Vale Educational Fund Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $311K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure or that compensation falls below reporting thresholds, which is highly favorable for directing funds to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for River Vale Educational Fund Inc:
- Consistent asset growth, from $1,226,863 in 2020 to $2,386,984 in 2024.
- No reported officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Consistent financial surpluses in most recent years, such as $310,832 in 2024 ($1,592,294 revenue - $1,281,462 expenses).
- Strong program spending ratio due to minimal administrative and fundraising overhead.
- Healthy asset-to-liability ratio, with $2,386,984 in assets against $262,391 in liabilities in 2024.
Frequently Asked Questions about River Vale Educational Fund Inc
Is River Vale Educational Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, River Vale Educational Fund Inc (EIN: 113830615) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does River Vale Educational Fund Inc spend its money?
River Vale Educational Fund Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to River Vale Educational Fund Inc tax-deductible?
River Vale Educational Fund Inc is registered as a tax-exempt nonprofit (EIN: 113830615). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of River Vale Educational Fund Inc's spending goes to programs?
River Vale Educational Fund Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does River Vale Educational Fund Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), River Vale Educational Fund Inc is above average for NTEE category B12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is River Vale Educational Fund Inc located?
River Vale Educational Fund Inc is headquartered in River Vale, New Jersey and files with the IRS under EIN 113830615. It is classified under NTEE code B12.
How many years of IRS 990 filings does River Vale Educational Fund Inc have?
River Vale Educational Fund Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.8M in total revenue.
Is River Vale Educational Fund Inc a good charity?
Based on its financial data, River Vale Educational Fund Inc appears to be a good charity. It consistently operates with a surplus, has growing assets, and reports no officer compensation, suggesting high efficiency and dedication to its mission.
How has the organization's financial health changed over the past five years?
The organization's financial health has improved significantly over the past five years. Assets grew from $1,226,863 in 2020 to $2,386,984 in 2024, and it has consistently generated surpluses in most recent years, indicating strong financial management.
What is the trend in revenue and expenses?
Revenue has shown an upward trend with some fluctuations, reaching $1,592,294 in 2024. Expenses have also increased but generally remain below revenue, allowing for consistent surpluses and asset growth. For example, in 2024, revenue was $1,592,294 against expenses of $1,281,462.
Filing History
IRS 990 filing history for River Vale Educational Fund Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), River Vale Educational Fund Inc's revenue has grown by 288.6%, moving from $410K to $1.6M. Total assets increased by 1236% over the same period, from $179K to $2.4M. Total functional expenses rose by 278.8%, from $338K to $1.3M. In its most recent filing year (2024), River Vale Educational Fund Inc reported a surplus of $311K, with revenue exceeding expenses. The organization holds $262K in liabilities against $2.4M in assets (debt-to-asset ratio: 11.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.6M | $1.3M | $2.4M | $262K | — | View 990 |
| 2023 | $1.5M | $1.1M | $2.1M | $311K | — | View 990 |
| 2022 | $1.7M | $864K | $1.6M | $120K | — | View 990 |
| 2021 | $519K | $737K | $813K | $203K | — | — |
| 2020 | $1.1M | $1.2M | $1.2M | $400K | — | View 990 |
| 2019 | $1.5M | $1.4M | $1.4M | $497K | — | View 990 |
| 2018 | $1.3M | $1.4M | $1.1M | $311K | — | View 990 |
| 2017 | $1.2M | $958K | $1.2M | $299K | — | View 990 |
| 2016 | $1.1M | $798K | $959K | $303K | — | View 990 |
| 2015 | $904K | $868K | $518K | $120K | — | View 990 |
| 2014 | $718K | $739K | $446K | $84K | — | View 990 |
| 2013 | $774K | $606K | $434K | $51K | — | View 990 |
| 2012 | $756K | $685K | $266K | $51K | — | View 990 |
| 2011 | $410K | $338K | $179K | $35K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.6M, expenses of $1.3M, and assets of $2.4M (revenue +8.3% year-over-year).
- 2023: Revenue of $1.5M, expenses of $1.1M, and assets of $2.1M (revenue -14.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $864K, and assets of $1.6M (revenue +231.4% year-over-year).
- 2021: Revenue of $519K, expenses of $737K, and assets of $813K (revenue -53.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue -23.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $1.4M (revenue +13.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.4M, and assets of $1.1M (revenue +9.3% year-over-year).
- 2017: Revenue of $1.2M, expenses of $958K, and assets of $1.2M (revenue +12.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $798K, and assets of $959K (revenue +16.8% year-over-year).
- 2015: Revenue of $904K, expenses of $868K, and assets of $518K (revenue +26.0% year-over-year).
- 2014: Revenue of $718K, expenses of $739K, and assets of $446K (revenue -7.2% year-over-year).
- 2013: Revenue of $774K, expenses of $606K, and assets of $434K (revenue +2.3% year-over-year).
- 2012: Revenue of $756K, expenses of $685K, and assets of $266K (revenue +84.6% year-over-year).
- 2011: Revenue of $410K, expenses of $338K, and assets of $179K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Vale Educational Fund Inc:
Data Sources and Methodology
This transparency report for River Vale Educational Fund Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.