Riverwalk Education Foundation Inc
68% goes to programs $0 to raise $100 Thin reserves Growing revenue
Riverwalk Education Foundation Inc is a 501(c)(3) organization based in San Antonio, Texas, registered in 2003, with $141,902,616 in FY2023 revenue. CharityIndex grades it B, and it directs about 68% of spending to programs.
1450 Ne Loop 410, San Antonio, TX, 78209 EIN 01-0758906 Since 2003
Revenue (FY2023)
$141.9M
▲ 10.5% vs prior year
Education median: $200K
Expenses (FY2023)
$135.6M
Net assets
$9.4M
Employees
1,840
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating68% 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 Riverwalk Education Foundation Inc: 68% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · +4% 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 Riverwalk Education Foundation Inc: 1 mo reserves · +4% margin earns a C+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Riverwalk Education Foundation Inc: 6 of 6 checks met earns a A+ 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 Riverwalk Education Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Our mission drives academic and socio-emotional development (see schedule o) through a rigorous college preparatory, stem-based learning model. the model is anchored on 21st century skills, embraced by a character-building approach, and delivered in an enriching, safe, and student-centered learning environment.
Contact & location
- Address
- 1450 Ne Loop 410, San Antonio, TX, 78209
- City
- San Antonio
- State
- Texas
- Category
- Education
- Subcategory
- Elementary & Secondary Schools
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $15.8M (FY2013) to $141.9M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $432.5MNet assets $9.4M
Operating margin
4.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$441.9M
Total liabilities
$432.5M
Net assets
$9.4M
Salaries & benefits
$81.5M
60% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $141,902,616▲10.5% | $135,577,344▲1.7% | $9,413,049▲205% | $441,924,786▲11.1% | 990 |
| 2022 | $128,443,292▲17.6% | $133,277,490▲15.1% | $3,087,777▼52.7% | $397,745,881▲0.4% | 990 |
| 2021 | $109,250,212▲26.5% | $115,828,820▲35.3% | $6,524,395▼50.2% | $396,093,988▲60.0% | 990 |
| 2020 | $86,377,334▲35.7% | $85,579,635▲38.9% | $13,103,003▲6.5% | $247,569,158▲15.6% | 990 |
| 2019 | $63,633,991▲46.8% | $61,611,240▲39.1% | $12,305,304▲95.3% | $214,251,618▲742% | 990 |
| 2018 | $43,344,697▲31.4% | $44,279,379▲41.5% | $6,301,404▼12.9% | $25,447,534▲24.8% | 990 |
| 2017 | $32,999,216▲25.7% | $31,286,854▲17.2% | $7,236,086▲33.9% | $20,395,132▲18.6% | 990 |
| 2016 | $26,252,355▲40.3% | $26,702,250▲48.9% | $5,403,011▼3.4% | $17,198,515▼4.2% | 990 |
| 2015 | $18,706,349▲7.0% | $17,936,598▲9.1% | $5,594,304▲16.0% | $17,943,832▲25.3% | 990 |
| 2014 | $17,489,248▲10.7% | $16,445,057▲8.8% | $4,824,553▲27.6% | $14,315,712▲6.0% | 990 |
| 2013 | $15,798,340 | $15,121,559▲7.8% | $3,780,362▲69.1% | $13,508,218▲24.6% | 990 |
| 2011 | — | $14,029,892▲11.4% | $2,235,914▲10.7% | $10,841,169▼0.3% | 990 |
| 2010 | — | $12,590,895 | $2,020,411 | $10,872,988 | 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: Fawzy Shemshack — $151,663 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Fawzy Shemshack | Superintendent | 40 | $151,663 |
| Atnan Ekin | Regional Executive Director | 40 | $132,933 |
| Guray Taysever | Principal | 40 | $130,314 |
| Haci Mert Dilli | Principal | 40 | $129,074 |
| Rhianna Flores | Principal | 40 | $126,424 |
| Alpaslan Uzgoren | Principal | 40 | $118,739 |
| Serdar Bulut | Principal | 40 | $118,159 |
| Kevin Demirci | Chief Operations Officer | 40 | $117,453 |
| Mustafa Kililoglu | Chief Finance Officer | 40 | $116,390 |
| Zekeriya Yuksel | Senior Director of Internal Audit | 40 | $116,067 |
| Magdalena Rivera | Principal | 40 | $115,712 |
| Maksatmyrat Altiyev | Regional Executive Director | 40 | $115,693 |
| Murat Tunca | Senior Director of College, Career and Suppo | 40 | $115,655 |
| Halil Cicek | Principal | 40 | $114,554 |
| Mehmet Oguz | Director of Student Information System | 40 | $113,340 |
| Orhan Jacobs | Principal | 40 | $112,438 |
| Musa Baki | Principal | 40 | $112,250 |
| Kimberly Lardin | Principal | 40 | $112,152 |
| Mehmet Okumus | Director | 40 | $111,589 |
| Jessica Romero | Principal | 40 | $111,410 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bartlett Cocke General Contractors LLC | Construction | $27,241,335 |
| Key Construction Inc | Construction | $9,727,109 |
| K-12 By Elior | Catering Services | $3,982,514 |
| Crystal Facility Solutions Inc | Janitorial Services | $1,515,729 |
| Alamo Architects Inc | Architect | $1,403,630 |
Grants received · $6.3M total
10 grants to Riverwalk Education Foundation Inc totaling $6.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| 50can Inc | To support summer boost | 2024 | $1,722,240 |
| Charter Fund Inc | Charter school capacity-building | 2024 | $1,500,000 |
| Charter Fund Inc | Charter school growth | 2024 | $1,000,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2024 | $33,000 |
| 50can Inc | To support summer boost | 2023 | $1,718,400 |
| Communities Foundation of Texas | This grant is designated for general support. | 2022 | $220,000 |
| Project Lead the Way Inc | Program implementation | 2021 | $20,000 |
| Project Lead the Way Inc | Program implementation | 2020 | $25,000 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2018 | $6,000 |
| For Inspiration and Recognition of Science and Technology First | Program support | 2017 | $5,845 |
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Frequently asked questions
- Is Riverwalk Education Foundation Inc a legitimate nonprofit?
- Yes. Riverwalk Education Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 01-0758906, based in San Antonio, Texas. Donations are tax-deductible.
- What is Riverwalk Education Foundation Inc's EIN?
- Riverwalk Education Foundation Inc's Employer Identification Number (EIN) is 01-0758906.
- How much revenue does Riverwalk Education Foundation Inc report?
- Riverwalk Education Foundation Inc reported $141,902,616 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Riverwalk Education Foundation Inc's spending goes to programs?
- Riverwalk Education Foundation Inc spends about 68% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Riverwalk Education Foundation Inc have?
- CharityIndex grades Riverwalk Education Foundation Inc B, based on program efficiency and fundraising cost.
- How much does Riverwalk Education Foundation Inc's highest-paid employee make?
- The highest reported compensation on Riverwalk Education Foundation Inc's latest Form 990 is $151,663, paid to Fawzy Shemshack (Superintendent).
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Data for Riverwalk Education Foundation Inc (EIN 01-0758906) 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.