RIVERSTONE CLASSICAL ACADEMY: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: RIVERSTONE CLASSICAL ACADEMY (EIN 88-2016199)
Tax period: 2023-07-01 to 2024-06-30
Filed: 2025-05-15
IRS object ID: 202541359349202764
Schema version: 2023v6.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990-EZ
Schedule A
Schedule E
Schedule O
Transfer Prsnl Bnft Contracts Decl

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-05-15T08:50:18-05:00	ReturnTs
Tax Period End	2024-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	591954606	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CAVANAUGH & CO LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2381 FRUITVILLE ROAD	AddressLine1Txt
City	SARASOTA	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34237	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990EZ	ReturnTypeCd
Tax Period Begin	2023-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	882016199	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RIVERSTONE CLASSICAL ACADEMY INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	RIVE	BusinessNameControlTxt
Phone	9413456957	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1616 59TH STREET WEST	AddressLine1Txt
City	BRADENTON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34209	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	SARAH J COLLINS	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	9413456957	PhoneNum
Signature	2025-01-27	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICHAEL R PENDER	PreparerPersonNm
PTIN	P00850742	PTIN
Phone	9413662983	PhoneNum
Preparation	2025-01-27	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-EZ IRS990EZ

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd
Schedule B Not Required	Yes (X)	ScheduleBNotRequiredInd
Website Address	HTTPS://WWW.RIVERSTONECLASSICALACADEMY.COM	WebsiteAddressTxt
Organization501c3	Yes (X)	Organization501c3Ind
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Gross Receipts	$165,840	GrossReceiptsAmt
Info In Schedule O Part I	Yes (X)	InfoInScheduleOPartIInd
Contributions Gifts Grants Etc	$3,350	ContributionsGiftsGrantsEtcAmt
Program Service Revenue	$162,490	ProgramServiceRevenueAmt
Total Revenue	$165,840	TotalRevenueAmt
Salaries Other Comp Empl Bnft	$122,062	SalariesOtherCompEmplBnftAmt
Occupancy Rent Utlts And Maint	$10,550	OccupancyRentUtltsAndMaintAmt
Other Expenses Total	$20,929	OtherExpensesTotalAmt
Total Expenses	$153,541	TotalExpensesAmt
Excess Or Deficit For Year	$12,299	ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY	$8,746	NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets	$553	OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY	$21,598	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part II	Yes (X)	InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

Field	Value	IRS element (for citing)
BOY	$8,226	BOYAmt
EOY	$21,208	EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

Field	Value	IRS element (for citing)
BOY	$520	BOYAmt
EOY	$390	EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$8,746	BOYAmt
EOY	$21,598	EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

Field	Value	IRS element (for citing)
BOY	$8,746	BOYAmt
EOY	$21,598	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Primary Exempt Purpose	THE CORPORATION IS ORGANIZED TO PARTNER WITH FAMILIES TO OFFER STUDENTS A CHRIST CENTERED, CLASSICAL EDUCATION BY BLENDING THE BEST ASPECTS OF PRIVATE EDUCATION AND HOMESCHOOLING TO DEVELOP A STRONG CHARACTER FROM A BIBLICAL WORLDVIEW.	PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

Field	Value	IRS element (for citing)
Description Program Srvc Accom	WE PARTNER WITH FAMILIES IN A COLLABORATIVE ACADEMIC MODEL TO OFFER AN EXCEPTIONAL CLASSICALLY DRIVEN EDUCATION USING A UNIQUE FORMAT AND CONDENSED SCHEDULE. OUR PRIORITY IS TO EDUCATE STUDENTS TO THINK INDEPENDENTLY, TO COMMUNICATE CLEARLY, TO SOLVE PROBLEMS, AND TO KNOW THAT WHICH IS TRUE, GOOD, AND BEAUTIFUL.	DescriptionProgramSrvcAccomTxt
Grants And Allocations	$0	GrantsAndAllocationsAmt
Program Service Expenses	$153,541	ProgramServiceExpensesAmt

Field	Value	IRS element (for citing)
Total Program Service Expenses	$153,541	TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (5 entries)

TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt	Employee Benefit ProgramEmployeeBenefitProgramAmt	Expense Account Other AllwncExpenseAccountOtherAllwncAmt
SARAH J COLLINS
PRESIDENT	20.00	$0	$0	$0
TIFFANY HOLDEN
SECRETARY	20.00	$0	$0	$0
CINDY YEPES
TREASURER	20.00	$0	$0	$0
ORSOYLA NICK
BOARD MEMBER	20.00	$0	$0	$0
DANIELLE WALKER
BOARD MEMBER	20.00	$0	$0	$0

Field	Value	IRS element (for citing)
Info In Schedule O Part V	Yes (X)	InfoInScheduleOPartVInd
Activities Not Previously Rpt	0	ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt	0	ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI	0	OrganizationHadUBIInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Organization Dissolved Etc	0	OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend	$0	DirectIndirectPltclExpendAmt
Made Loans To From Officers	0	MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911	$0	TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912	$0	TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955	$0	TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr	$0	TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization	$0	TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
States Where Copy Of Return Is Fld	FL	StatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CINDY YEPES	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1616 59TH STREET WEST	AddressLine1Txt
City	BRADENTON	CityNm
State Abbreviation	FL	StateAbbreviationCd
ZIP	34209	ZIPCd

Field	Value	IRS element (for citing)
Phone	9413456957	PhoneNum

Field	Value	IRS element (for citing)
Foreign Financial Account	0	ForeignFinancialAccountInd
Foreign Office	0	ForeignOfficeInd
Donor Advised Fnds	0	DonorAdvisedFndsInd
Operate Hospital	0	OperateHospitalInd
Tanning Services Provided	0	TanningServicesProvidedInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
School Operating	Yes (1)	SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd Empl	NONE	PartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof Srvc	NONE	PartVIHghstPdCntrctProfSrvcTxt
Filed Schedule A	Yes (1)	FiledScheduleAInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
School	Yes (X)	SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$5,100	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$0	CurrentTaxYearMinus1YearAmt
Current Tax Year	$3,350	CurrentTaxYearAmt
Total	$8,450	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$5,100	CurrentTaxYearMinus2YearsAmt
Current Tax Year	$3,350	CurrentTaxYearAmt
Total	$8,450	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$8,450	PublicSupportTotal170Amt
Total Support	$8,450	TotalSupportAmt
Public Support CY170	1.00000	PublicSupportCY170Pct
Public Support PY170	1.00000	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule E IRS990ScheduleE

Field	Value	IRS element (for citing)
Nondiscriminatory Policy Stmt	0	NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures Etc	0	PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast Media	Yes (1)	PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp Recs	0	MaintainRacialCompRecsInd
Maintain Scholarships Recs	0	MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures Etc	Yes (1)	MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All Sol	Yes (1)	MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts	0	DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy	0	DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty	0	DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs	0	DiscriminateRaceSchsInd
Discriminate Race Educ Plcy	0	DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts	0	DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog	0	DiscriminateRaceAthltProgInd
Discriminate Race Other Acty	0	DiscriminateRaceOtherActyInd
Government Financial Aid Rcvd	0	GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd	0	GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550	0	ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3	RIVERSTONE CLASSICAL ACADEMY HAS PUBLISHED ON ITS WEBSITE AT ALL TIMES DURING THE TAXABLE YEAR AN ADMISSIONS POLICY THAT INCLUDES ITS RACIALLY NONDISCRIMINATORY STATEMENT.
SCHEDULE E, PART I, LINE 4	RIVERSTONE CLASSICAL ACADEMY DID NOT KEEP ANY RECORDS INDICATING THE RACIAL COMPOSITION OF THE STUDENT BODY, FACULTY, OR STAFF. IT HAS PREPARED AND INCLUDED THESE RECORDS IN ITS APPLICATION OF 501(C)(3) STATUS. THE CORPORATION HAS NOT KEEP RECORDS DOCUMENTING SCHOLARSHIPS OR OTHER FINANCIAL ASSISTENCE AS NONE WERE AWARDED DURING THIS PERION. RECORDS WILL BE KEPT ONCE SCHOLARSHIPS OR OTHER FINANCIAL ASSISTENCE ARE PROVIDED
SCHEDULE E, PART I, LINE 7	RIVERSTONE CLASSICAL ACADEMY DOES HAVE A RACIALLY NONDISCRIMINATORY POLICY IN ITS BYLAWS. THE CORPORATION DOES INCLUDE SUCH A STATEMENT IN ITS ADMISSIONS PHILOSOPHY AVAILABLE ON THE CORPORATION'S WEBSITE. THE CORPORATION IS CHANGING ITS WEBSITE TO INCLUDE ON THE HOME PAGE THE NONDISCRIMINATORY POLICY IT HAS ADOPTED.
AMENDED RETURN	THE ORIGINAL FORM 990-EZ WAS FILED IN ERROR WITH A DECEMBER YEAR END. THE CORRECT YEAR END IS JUNE 30TH. ALL FINANCIAL FIGURES HAVE BEEN CHANGED TO REFLECT THE ACTIVITY FROM JULY 1, 2022 THRU JUNE 30TH 2023.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 14	DESCRIPTION: DEPRECIATION. AMOUNT: 130. DESCRIPTION: OTHER EXPENSES. AMOUNT: 10,420. TOTAL TO FORM 990-EZ, LINE 14: 10,550.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES	DESCRIPTION: MARKETING. AMOUNT: 250. DESCRIPTION: INSURANCE. AMOUNT: 1,703. DESCRIPTION: SCHOOL SUPPLIES. AMOUNT: 2,394. DESCRIPTION: ACCOUNTING FEES. AMOUNT: 925. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 3,732. DESCRIPTION: CURRICULUM. AMOUNT: 5,089. DESCRIPTION: FIELD TRIP. AMOUNT: 4,268. DESCRIPTION: HOSPITALITIES. AMOUNT: 2,568. TOTAL TO FORM 990-EZ, LINE 16: 20,929.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS	DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: 553.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS	DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 520. END OF YEAR AMOUNT: 390.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

Field	Value	IRS element (for citing)
Declaration	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.	DeclarationDesc