River Springs Charter School Inc
77% goes to programs $0 to raise $100 Growing revenue
River Springs Charter School Inc is a 501(c)(3) organization based in Temecula, California, registered in 2009, with $124,378,976 in FY2023 revenue. CharityIndex grades it B+, and it directs about 77% of spending to programs.
27740 Jefferson Ave, Temecula, CA, 92590 EIN 20-5069467 Since 2009
Revenue (FY2023)
$124.4M
▲ 5.1% vs prior year
Education median: $200K
Expenses (FY2023)
$121.5M
Net assets
$45.5M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating77% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For River Springs Charter School Inc: 77% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For River Springs Charter School Inc: 4 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For River Springs Charter School Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For River Springs Charter School Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A tk-12th grade charter school offering each of its students a personalized academic program.
Contact & location
- Address
- 27740 Jefferson Ave, Temecula, CA, 92590
- City
- Temecula
- State
- California
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.8M (FY2013) to $124.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $90.8MNet assets $45.5M
Operating margin
2.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$136.3M
Total liabilities
$90.8M
Net assets
$45.5M
Salaries & benefits
$83.1M
68% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $124,378,976▲5.1% | $121,513,098▲16.8% | $45,474,215▲6.7% | $136,293,210▼2.7% | 990 |
| 2022 | $118,293,458▲30.5% | $104,024,275▲28.0% | $42,608,337▲50.6% | $140,055,400▲107% | 990 |
| 2021 | $90,647,058▲22.7% | $81,288,928▲12.4% | $28,295,404▲49.4% | $67,639,027▼27.8% | 990 |
| 2020 | $73,899,584▲2.1% | $72,346,272▲2.9% | $18,937,274▲8.9% | $93,652,592▲21.6% | 990 |
| 2019 | $72,352,698▲5.3% | $70,307,724▲5.0% | $17,383,962▲24.3% | $77,011,976▲16.3% | 990 |
| 2018 | $68,703,424▲6.9% | $66,987,598▲5.0% | $13,988,988▲14.3% | $66,211,878▲1.5% | 990 |
| 2017 | $64,261,617▲13.3% | $63,820,652▲14.0% | $12,243,162▲3.7% | $65,244,323▲60.3% | 990 |
| 2016 | $56,741,397▼1.2% | $55,963,207▲5.8% | $11,802,197▲7.1% | $40,704,175▼2.9% | 990 |
| 2015 | $57,451,671▲29.2% | $52,885,849▲21.4% | $11,024,007▲70.7% | $41,923,890▲52.3% | 990 |
| 2014 | $44,472,672▲11.7% | $43,572,947▲13.2% | $6,458,185▲16.2% | $27,535,817▲9.6% | 990 |
| 2013 | $39,824,681 | $38,491,731▲7.3% | $5,558,460▲31.5% | $25,124,341▼14.3% | 990 |
| 2012 | — | $35,868,124▼1.1% | $4,225,510▲49.2% | $29,323,501▲4.6% | 990 |
| 2011 | — | $36,272,678▲16.1% | $2,831,189▲8.8% | $28,022,749▲84.8% | 990 |
| 2010 | — | $31,240,437▲24.1% | $2,602,387▲12.3% | $15,165,480▲42.2% | 990 |
| 2009 | — | $25,178,469 | $2,318,367 | $10,667,035 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kathleen Hermsmeyer — $199,691 (0.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathleen Hermsmeyer | Superintendent | 21 | $199,691 |
| David G Black | Asst Sup | 21 | $168,119 |
| Shane D Wickwire | Principal | 40 | $164,155 |
| Amy Wright-podratz | Asst Sup | 21 | $158,371 |
| Vivian M Price | Asst Sup | 21 | $151,875 |
| Jenny Adamo | Treasurer | 2 | $4,750 |
| Louis Fetherolf | Vice Chair | 2 | $4,500 |
| Steffany Johnson | Treasurer | 2 | $4,500 |
| Stephanie Heiliger | Secretary | 2 | $4,500 |
| Rachel Couch | Director | 2 | $4,250 |
| Jamie Thompson | Director | 2 | $4,000 |
| Reginald Wadlington | Director | 2 | $2,500 |
| James Francis Mccallion | Director | 2 | $1,000 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Edtheory LLC | Sped | $1,175,840 |
| Schoolability LLC | Software and Contracted S | $173,843 |
| Parallel 40 Productions LLC | Marketing | $158,750 |
| Stewart Steven | Contract Services | $157,592 |
| Martinez Tisha | Contract Services | $141,865 |
Grants received · $17K total
2 grants to River Springs Charter School Inc totaling $17K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Albertsons Companies Foundation | General assistance | 2020 | $10,000 |
| For Inspiration and Recognition of Science and Technology First | Kit of parts & program participation | 2014 | $7,000 |
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Compare River Springs Charter School Inc
Frequently asked questions
- Is River Springs Charter School Inc a legitimate nonprofit?
- Yes. River Springs Charter School Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-5069467, based in Temecula, California. Donations are tax-deductible.
- What is River Springs Charter School Inc's EIN?
- River Springs Charter School Inc's Employer Identification Number (EIN) is 20-5069467.
- How much revenue does River Springs Charter School Inc report?
- River Springs Charter School Inc reported $124,378,976 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of River Springs Charter School Inc's spending goes to programs?
- River Springs Charter School Inc spends about 77% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does River Springs Charter School Inc have?
- CharityIndex grades River Springs Charter School Inc B+, based on program efficiency and fundraising cost.
- How much does River Springs Charter School Inc's highest-paid employee make?
- The highest reported compensation on River Springs Charter School Inc's latest Form 990 is $199,691, paid to Kathleen Hermsmeyer (Superintendent).
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Data for River Springs Charter School Inc (EIN 20-5069467) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.