Rivers Edge Academy
Rivers Edge Academy faces significant financial challenges with expenses consistently exceeding revenue and liabilities surpassing assets.
EIN: 20811896 · Saint Paul, MN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.6M |
| Program Spending | 70% |
| Net Assets | $-937,581 |
| Transparency Score | 45/100 |
Is Rivers Edge Academy Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rivers Edge Academy directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Rivers Edge Academy
Rivers Edge Academy (EIN: 20811896) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code B29. The organization reported total revenue of $1.3M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rivers Edge Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rivers Edge Academy is a mid-size nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-306,493 |
| Total Assets | $1.3M |
| Total Liabilities | $2.2M |
| Net Assets | $-937,581 |
| Operating Margin | -23.1% |
| Debt-to-Asset Ratio | 174.4% |
| Months of Reserves | 9.2 months |
Financial Health Grade: C
In 2018, Rivers Edge Academy reported a deficit of $306K with expenses exceeding revenue, holds 9.2 months of operating reserves (strong position), has a debt-to-asset ratio of 174.4% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Rivers Edge Academy's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +0.8% | +1.4% | +576.1% |
| 2017 | +5.9% | +35.2% | -9.3% |
| 2016 | +6.8% | +3.7% | +44.0% |
| 2015 | +4.5% | +7.7% | -36.6% |
| 2014 | +23.8% | +13.8% | +27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Rivers Edge Academy with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Rivers Edge Academy allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $306K, with expenses exceeding revenue.
- Debt-to-asset ratio: 174.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or compensation levels below IRS reporting thresholds, which is generally positive for donor perception regarding overhead.
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.
Red Flags
The following concerns were identified during AI analysis of Rivers Edge Academy's IRS 990 filings:
- Consistent operating deficits (e.g., $1,329,495 revenue vs. $1,635,988 expenses in 2018)
- Liabilities significantly exceed assets ($2,197,588 liabilities vs. $1,260,007 assets in 2018)
- Large increase in liabilities year-over-year (from $817,449 in 2017 to $2,197,588 in 2018)
Strengths
The following positive indicators were identified for Rivers Edge Academy:
- Consistent revenue generation over time, growing from $838,200 in 2011 to $1,329,495 in 2018
- No reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership
- Consistent filing of IRS Form 990s, indicating a commitment to transparency
Frequently Asked Questions about Rivers Edge Academy
Is Rivers Edge Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, Rivers Edge Academy (EIN: 20811896) significant concerns. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
How does Rivers Edge Academy spend its money?
Rivers Edge Academy directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rivers Edge Academy tax-deductible?
Rivers Edge Academy is registered as a tax-exempt nonprofit (EIN: 20811896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Rivers Edge Academy's spending goes to programs?
Rivers Edge Academy directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Rivers Edge Academy compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Rivers Edge Academy is near average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rivers Edge Academy located?
Rivers Edge Academy is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 20811896. It is classified under NTEE code B29.
How many years of IRS 990 filings does Rivers Edge Academy have?
Rivers Edge Academy has 8 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 $1.3M in total revenue.
Is Rivers Edge Academy financially sustainable given its consistent operating deficits?
The organization has consistently spent more than it earned in recent years, with expenses exceeding revenue by over $300,000 in 2018. This trend, coupled with liabilities of $2,197,588 far exceeding assets of $1,260,007, raises serious questions about its long-term financial sustainability.
What caused the significant increase in assets and liabilities between 2017 and 2018?
Assets jumped from $186,361 in 2017 to $1,260,007 in 2018, while liabilities surged from $817,449 to $2,197,588 in the same period. This indicates a major financial event, possibly a capital project or significant debt acquisition, which is not detailed in the provided summary.
How does Rivers Edge Academy cover its operating deficits?
With expenses consistently exceeding revenue, the organization must be drawing down reserves, incurring debt, or receiving non-operating income not reflected in the 'Revenue' figure to cover its operational shortfalls. The increasing liabilities suggest debt is a significant factor.
Filing History
IRS 990 filing history for Rivers Edge Academy showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Rivers Edge Academy's revenue has grown by 58.6%, moving from $838K to $1.3M. Total assets increased by 525.2% over the same period, from $202K to $1.3M. Total functional expenses rose by 89.9%, from $861K to $1.6M. In its most recent filing year (2018), Rivers Edge Academy reported a deficit of $306K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $1.3M in assets (debt-to-asset ratio: 174.4%), resulting in net assets of $-937,581.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $1.3M | $1.6M | $1.3M | $2.2M | — | View 990 |
| 2017 | $1.3M | $1.6M | $186K | $817K | — | View 990 |
| 2016 | $1.2M | $1.2M | $206K | $542K | — | View 990 |
| 2015 | $1.2M | $1.2M | $143K | $531K | — | View 990 |
| 2014 | $1.1M | $1.1M | $225K | $151K | — | View 990 |
| 2013 | $902K | $938K | $176K | $151K | — | View 990 |
| 2012 | $885K | $844K | $356K | $294K | — | View 990 |
| 2011 | $838K | $861K | $202K | $179K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $1.3M, expenses of $1.6M, and assets of $1.3M (revenue +0.8% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.6M, and assets of $186K (revenue +5.9% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $206K (revenue +6.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $143K (revenue +4.5% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $225K (revenue +23.8% year-over-year).
- 2013: Revenue of $902K, expenses of $938K, and assets of $176K (revenue +1.9% year-over-year).
- 2012: Revenue of $885K, expenses of $844K, and assets of $356K (revenue +5.5% year-over-year).
- 2011: Revenue of $838K, expenses of $861K, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rivers Edge Academy:
Data Sources and Methodology
This transparency report for Rivers Edge Academy 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.