Riverwalk Education Foundation Inc
Riverwalk Education Foundation Inc experiences rapid growth in revenue and assets, with consistent spending near revenue and no reported officer compensation.
EIN: 10758906 · San Antonio, TX · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $141.9M |
| Total Expenses | $133.3M |
| Program Spending | 90% |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Riverwalk Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverwalk Education Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverwalk Education Foundation Inc
Riverwalk Education Foundation Inc (EIN: 10758906) is a nonprofit organization based in San Antonio, TX, classified under NTEE code B29. The organization reported total revenue of $141.9M and total assets of $441.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverwalk Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverwalk Education Foundation Inc is a major nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $128.4M |
| Total Expenses | $133.3M |
| Surplus / Deficit | $-4,834,198 |
| Total Assets | $397.7M |
| Total Liabilities | $394.7M |
| Net Assets | $3.1M |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 99.2% |
| Months of Reserves | 35.8 months |
Financial Health Grade: C
In 2023, Riverwalk Education Foundation Inc reported a deficit of $4.8M with expenses exceeding revenue, holds 35.8 months of operating reserves (strong position), has a debt-to-asset ratio of 99.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riverwalk Education Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.6% | +15.1% | +0.4% |
| 2022 | +26.5% | +35.3% | +60.0% |
| 2021 | +35.7% | +38.9% | +15.6% |
| 2020 | +46.8% | +39.1% | +741.9% |
| 2019 | +31.4% | +41.5% | +24.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Riverwalk Education Foundation Inc with a Mission Score of 85 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, Riverwalk Education Foundation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 99.2%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this size and revenue, suggesting either a fully volunteer executive leadership or that executive compensation is categorized differently within their financial statements, which could impact transparency.
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 Riverwalk Education Foundation Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation.
- High liabilities relative to assets, with liabilities reaching $394.7 million in 2023, suggesting potential reliance on debt or restricted funds.
Strengths
The following positive indicators were identified for Riverwalk Education Foundation Inc:
- Significant and consistent revenue growth over the past decade, from $15.8 million in 2014 to $141.9 million currently.
- Strong program spending, indicating a high percentage of funds are directed towards its mission.
- Substantial asset growth, with assets increasing from $13.5 million in 2014 to $441.9 million currently.
Frequently Asked Questions about Riverwalk Education Foundation Inc
Is Riverwalk Education Foundation Inc a legitimate charity?
Riverwalk Education Foundation Inc (EIN: 10758906) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $141.9M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Riverwalk Education Foundation Inc spend its money?
Riverwalk Education Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Riverwalk Education Foundation Inc tax-deductible?
Riverwalk Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 10758906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riverwalk Education Foundation Inc's spending goes to programs?
Riverwalk Education Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverwalk Education Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Riverwalk Education Foundation Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverwalk Education Foundation Inc located?
Riverwalk Education Foundation Inc is headquartered in San Antonio, Texas and files with the IRS under EIN 10758906. It is classified under NTEE code B29.
How many years of IRS 990 filings does Riverwalk Education Foundation Inc have?
Riverwalk Education Foundation Inc has 13 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 $141.9M in total revenue.
How does Riverwalk Education Foundation Inc manage its significant liabilities, which were $394.7 million in 2023 against $397.7 million in assets?
The high level of liabilities relative to assets suggests that a substantial portion of the organization's assets may be financed through debt or represent restricted funds with corresponding obligations. Further analysis of the balance sheet would be needed to understand the nature of these liabilities and their impact on financial flexibility.
What is the specific breakdown of program spending given the organization's NTEE code B29 (Elementary & Secondary Education)?
While the overall program spending appears high, a detailed breakdown of how funds are allocated within elementary and secondary education programs would provide greater insight into the effectiveness and reach of their mission-related activities.
Why is officer compensation consistently reported as 0% across all filings, despite the organization's substantial growth and operational scale?
This consistent reporting is highly unusual for an organization with over $100 million in annual revenue. It could indicate a volunteer executive team, or that compensation is reported under different categories (e.g., 'salaries and wages' for non-officer staff), which would require deeper scrutiny of the full 990 form for clarity.
How does the organization plan to address the slight operational deficits observed in some years, such as 2023 where expenses ($133.3M) exceeded revenue ($128.4M)?
While minor deficits can be managed, a consistent trend could impact long-term financial stability. Understanding the strategy for balancing revenue and expenses, especially during periods of rapid growth, is crucial.
Filing History
IRS 990 filing history for Riverwalk Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riverwalk Education Foundation Inc's revenue has grown by 907.8%, moving from $12.7M to $128.4M. Total assets increased by 3558.1% over the same period, from $10.9M to $397.7M. Total functional expenses rose by 958.5%, from $12.6M to $133.3M. In its most recent filing year (2023), Riverwalk Education Foundation Inc reported a deficit of $4.8M, with expenses exceeding revenue. The organization holds $394.7M in liabilities against $397.7M in assets (debt-to-asset ratio: 99.2%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $128.4M | $133.3M | $397.7M | $394.7M | — | View 990 |
| 2022 | $109.3M | $115.8M | $396.1M | $389.6M | — | View 990 |
| 2021 | $86.4M | $85.6M | $247.6M | $234.5M | — | View 990 |
| 2020 | $63.6M | $61.6M | $214.3M | $201.9M | — | View 990 |
| 2019 | $43.3M | $44.3M | $25.4M | $19.1M | — | View 990 |
| 2018 | $33.0M | $31.3M | $20.4M | $13.2M | — | View 990 |
| 2017 | $26.3M | $26.7M | $17.2M | $11.8M | — | View 990 |
| 2016 | $18.7M | $17.9M | $17.9M | $12.3M | — | View 990 |
| 2015 | $17.5M | $16.4M | $14.3M | $9.5M | — | View 990 |
| 2014 | $15.8M | $15.1M | $13.5M | $9.7M | — | View 990 |
| 2013 | $13.7M | $12.8M | $12.1M | $8.9M | — | View 990 |
| 2012 | $14.2M | $14.0M | $10.8M | $8.6M | — | View 990 |
| 2011 | $12.7M | $12.6M | $10.9M | $8.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $128.4M, expenses of $133.3M, and assets of $397.7M (revenue +17.6% year-over-year).
- 2022: Revenue of $109.3M, expenses of $115.8M, and assets of $396.1M (revenue +26.5% year-over-year).
- 2021: Revenue of $86.4M, expenses of $85.6M, and assets of $247.6M (revenue +35.7% year-over-year).
- 2020: Revenue of $63.6M, expenses of $61.6M, and assets of $214.3M (revenue +46.8% year-over-year).
- 2019: Revenue of $43.3M, expenses of $44.3M, and assets of $25.4M (revenue +31.4% year-over-year).
- 2018: Revenue of $33.0M, expenses of $31.3M, and assets of $20.4M (revenue +25.7% year-over-year).
- 2017: Revenue of $26.3M, expenses of $26.7M, and assets of $17.2M (revenue +40.3% year-over-year).
- 2016: Revenue of $18.7M, expenses of $17.9M, and assets of $17.9M (revenue +7.0% year-over-year).
- 2015: Revenue of $17.5M, expenses of $16.4M, and assets of $14.3M (revenue +10.7% year-over-year).
- 2014: Revenue of $15.8M, expenses of $15.1M, and assets of $13.5M (revenue +15.5% year-over-year).
- 2013: Revenue of $13.7M, expenses of $12.8M, and assets of $12.1M (revenue -4.0% year-over-year).
- 2012: Revenue of $14.2M, expenses of $14.0M, and assets of $10.8M (revenue +11.8% year-over-year).
- 2011: Revenue of $12.7M, expenses of $12.6M, and assets of $10.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverwalk Education Foundation Inc:
Data Sources and Methodology
This transparency report for Riverwalk Education Foundation 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.