PLATINUM2023

Riverbend School Inc.

Natick, MA   |  www.riverbendschool.org
GuideStar Charity Check

Riverbend School Inc.

EIN: 23-7122908


Mission

Within a collaborative and respectful community, Riverbend School develops curious, self-confident, and independent lifelong learners by using Montessori principles to help each child flourish socially and thrive academically.

Ruling year info

1971

Head of School

Whitney Slade

Main address

39 Eliot Street

Natick, MA 01760 USA

Show more contact info

Formerly known as

Eliot Montessori School

EIN

23-7122908

Subject area info

Elementary and secondary education

Elementary education

Early childhood education

Population served info

Infants and toddlers

Students

Children

NTEE code info

Primary/Elementary Schools (B24)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Children's House

Rapidly developing, constantly exploring, determined to do things independently — toddlers learn by working with materials that develop their brain through direct experience: seeing, hearing, tasting, smelling, touching, and movement. Our 5-day Toddler program lays the foundation for a sense of school community. The same group of children come together each day, learning from one another, and deepening relationships that will continue throughout their time at Riverbend. Every element in the design of the Children’s House learning environment empowers young children to dive right in, using all their senses to follow their emerging and evolving interests.

Population(s) Served
Infants and toddlers

Our Lower Elementary program (Grades 1 to 3) seeks to balance the child’s developing imagination with concrete skills learned through hands-on exploration. Montessori materials are exceptionally logical and beautifully constructed, enticing the children to want more, to learn more, and to achieve “flow” as they reach deeper and deeper levels of concentration. Our teachers carefully observe and track each child’s progress, and add levels of difficulty to the work with each new success they’ve witnessed. The Lower Elementary program creates students who are willing to take intellectual risks and have the resiliency needed for the challenging pursuits of Upper Elementary.

Population(s) Served
Children and youth

In the Upper Elementary (Grades 4 to 6) students focus on building greater independence and responsibility as they begin to think more abstractly and explore more complex ideas. Teachers encourage students to make cross-curricular connections and to seek ever expanding academic challenges. At this level, students truly refine their time management skills as they are offered “freedom with responsibility.”

While students continue to explore concepts using concrete materials, technology begins to play a larger role, enhancing abstract learning and providing new pathways for student expression.

Population(s) Served
Adolescents
Children
Preteens

In Middle School, students take on increasing levels of responsibility and independence as they build the academic, social, and emotional skills essential for the challenges of high school and college.

Standardized testing at Riverbend is a diagnostic tool for teachers and provides students with essential test-taking skills for life. Grades 4–8 participate in CTP4 testing each fall.

Our cross-disciplinary curriculum nurtures essential skills for academic success, including the ability to work both independently and collaboratively, to organize one’s work and time, to craft research into meaningful projects, to communicate effectively, and to think globally.

Population(s) Served
Adolescents
Preteens

Where we work

Affiliations & memberships

AISNE 2021

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of students enrolled

This metric is no longer tracked.
Totals By Year
Population(s) Served

Children and youth

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Total dollar amount of scholarship awarded

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Context Notes

Fiscal year.

Goals & Strategy

SOURCE: Self-reported by organization

Financials

Riverbend School Inc.
Fiscal year: Jul 01 - Jun 30
Financial documents
2021
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.24

Average of 0.26 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

5.5

Average of 3.6 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

22%

Average of 18% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Riverbend School Inc.

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Riverbend School Inc.

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Riverbend School Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

This snapshot of Riverbend School Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2019 2020 2021 2022 2023
Unrestricted surplus (deficit) before depreciation $327,255 $386,120 $1,814,330 $1,337,069 $797,818
As % of expenses 7.8% 8.8% 42.6% 25.8% 15.1%
Unrestricted surplus (deficit) after depreciation $88,262 $167,692 $1,478,401 $958,165 $399,478
As % of expenses 2.0% 3.6% 32.2% 17.2% 7.0%
Revenue composition info
Total revenue (unrestricted & restricted) $4,705,085 $5,179,411 $5,470,805 $6,418,307 $6,127,172
Total revenue, % change over prior year -5.7% 10.1% 5.6% 17.3% -4.5%
Program services revenue 89.7% 88.4% 81.6% 86.4% 85.8%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.3% 0.2% 0.0% 0.0% 1.0%
Government grants 0.0% 0.0% 11.1% 9.3% 9.9%
All other grants and contributions 10.1% 11.4% 7.2% 3.4% 2.8%
Other revenue 0.0% -0.1% 0.2% 0.8% 0.6%
Expense composition info
Total expenses before depreciation $4,182,125 $4,388,560 $4,254,760 $5,182,994 $5,294,421
Total expenses, % change over prior year -5.3% 4.9% -3.0% 21.8% 2.1%
Personnel 74.9% 76.2% 72.2% 73.5% 75.8%
Professional fees 1.1% 1.3% 1.0% 2.1% 1.8%
Occupancy 8.3% 7.8% 8.3% 6.2% 6.5%
Interest 3.3% 3.1% 6.2% 5.3% 5.1%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 12.3% 11.6% 12.3% 13.0% 10.8%
Full cost components (estimated) info 2019 2020 2021 2022 2023
Total expenses (after depreciation) $4,421,118 $4,606,988 $4,590,689 $5,561,898 $5,692,761
One month of savings $348,510 $365,713 $354,563 $431,916 $441,202
Debt principal payment $185,466 $0 $0 $873,552 $325,995
Fixed asset additions $0 $5,602,691 $1,054,330 $0 $0
Total full costs (estimated) $4,955,094 $10,575,392 $5,999,582 $6,867,366 $6,459,958

Capital structure indicators

Liquidity info 2019 2020 2021 2022 2023
Months of cash 2.9 2.8 4.6 4.5 5.5
Months of cash and investments 2.9 2.8 4.6 4.5 5.5
Months of estimated liquid unrestricted net assets -1.6 -8.5 -1.1 1.2 1.9
Balance sheet composition info 2019 2020 2021 2022 2023
Cash $1,005,713 $1,013,450 $1,642,061 $1,939,078 $2,431,219
Investments $0 $0 $0 $0 $0
Receivables $170,530 $3,123,332 $3,572,640 $3,389,039 $102,115
Gross land, buildings, equipment (LBE) $9,177,858 $14,325,730 $15,278,540 $15,321,713 $15,363,231
Accumulated depreciation (as a % of LBE) 16.0% 8.6% 9.6% 11.2% 13.1%
Liabilities (as a % of assets) 68.3% 80.2% 77.5% 72.9% 65.0%
Unrestricted net assets $2,555,545 $2,723,237 $4,201,638 $5,159,803 $5,559,281
Temporarily restricted net assets $245,692 N/A N/A N/A N/A
Permanently restricted net assets $50,000 N/A N/A N/A N/A
Total restricted net assets $295,692 $700,423 $102,138 $382 $35,315
Total net assets $2,851,237 $3,423,660 $4,303,776 $5,160,185 $5,594,596

Key data checks

Key data checks info 2019 2020 2021 2022 2023
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Head of School

Whitney Slade

Number of employees

Source: IRS Form 990

Riverbend School Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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Riverbend School Inc.

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

Riverbend School Inc.

Board of directors
as of 07/06/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Shana Salzano

The Riverbend School

Jessica Baur

Jane Ventrone

The Steppingstone Foundation

Sarah Spence Adams

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Diana Baruni

The Cambridge School of Weston

Jim Hartman

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Dena Patterson

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Smith Utubor

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Catherine Zhang

Kajko, Weisman & Colasanti, LLP

Elizabeth Milewski

Miguel Camargo

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Michael Tauer

Kerstein, Coren & Lichtenstein

Emeka Iffih

Hitachi

Melissa Fletcher

Wellesley College

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 7/6/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

No data

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.