The Rivers School Corporation
The Rivers School Corporation reported $45.9 million in revenue and $45.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.26 went to program services, $14.35 to management and general costs and $5.39 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.0% of the total. The highest compensation it reported for one person was $704,104 (HEAD OF SCHOOL). 51 people received more than $100,000 in reportable compensation. Revenue rose 19% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $45MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $46MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 80.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.4% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.41 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 13.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $704,104 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.55% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 51 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 26.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 30 of 30 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSchool program - the instruction of 534 students - grade 6-12. The school year runs from september to june
Music conservatory - offers premier classical and jazz music education and performance programs that develop the highest levels of artistic and technical achievement in student musicians of all ages
Summer camp program - the instruction and supervision of campers in arts, crafts, and outdoor activities
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| HEAD OF SCHOOL Officer, 60.00 hrs/week | $540,421 | $0 | $163,683 | $704,104 |
| ASSOC HEAD SCHOOL DEVEL&EX Key employee, 60.00 hrs/week | $271,702 | $0 | $82,934 | $354,636 |
| HEAD OF UPPER SCHOOL Highest compensated employee, 50.00 hrs/week | $188,825 | $0 | $127,819 | $316,644 |
| CHIEF FINANCIAL OFFICER Officer, 60.00 hrs/week | $268,495 | $0 | $24,817 | $293,312 |
| FORMER HEAD OF SCHOOL - TERMED 6/ Former, 0.00 hrs/week | $233,333 | $0 | $14,263 | $247,596 |
| ASSISTANT HEAD OF SCHOOL Highest compensated employee, 50.00 hrs/week | $183,749 | $0 | $54,022 | $237,771 |
| DIRECTOR OF EQUITY & INCLUSION Highest compensated employee, 50.00 hrs/week | $163,400 | $0 | $61,926 | $225,326 |
| DIRECTOR OF ADMISSIONS Highest compensated employee, 50.00 hrs/week | $170,215 | $0 | $23,308 | $193,523 |
51 people received more than $100,000 in reportable compensation from The Rivers School Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b30 · 30 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5428
- Volunteers Part I, line 6342
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FLIK INDEPENDENT SCHOOL DINING Food service provider | $1,620,854 |
| LOCAL MOTION Transportation | $562,658 |
| GDI SERVICES INC Janitorial services | $215,208 |
| AMBIENT TEMPERATURE CORP Hvac services | $193,308 |
| SIGNATURE PRINTING & CONSULTING Printing & stationary | $121,385 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
21 private foundations reported grants to The Rivers School Corporation totaling $474K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Rivers School Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Rivers School Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Rivers School Corporation spent in FY2025, $80.26 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Associated Students of San Diego State UniversitySan Diego, CA · revenue $46M · programs 84.4% · FY2025
- Odyssey Charter SchoolWilmington, DE · revenue $46M · programs 67.2% · FY2025
- University of Northwestern OhioLima, OH · revenue $46M · programs 79.4% · FY2025
- River Islands AcademiesLathrop, CA · revenue $46M · programs 91.6% · FY2025
- Newark AcademyLivingston, NJ · revenue $46M · programs 76.2% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of The Rivers School Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, The Rivers School Corporation reported that 80.3% of its $45.4 million in expenses went to program services, 14.4% to management and general and 5.4% to fundraising (Form 990, Part IX).
How much does The Rivers School Corporation pay its top executive?
The largest total compensation The Rivers School Corporation reported for one person in the fiscal year ending June 30, 2025 was $704,104, for the role of HEAD OF SCHOOL (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Rivers School Corporation get its money?
Of $45.9 million in revenue in the fiscal year ending June 30, 2025, 13.0% came from contributions and grants (including 0.0% from government grants) and 84.0% from program service revenue (Form 990, Part VIII).
Is The Rivers School Corporation a registered charity?
The IRS lists EIN 04-2104457 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611339349301436 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511289349302496 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411349349307436 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310979349301101 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221319349303717 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111139349301021 · read the filing
All filings for EIN 04-2104457: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.