Riley School
Nonprofit profile at a glance
- EIN
- 010316964
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Rockport, ME, USA
- Phone
- 2075966405
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Primary, Elementary Schools
Reported finances
- Revenue
- $1,087,140
- Expenses
- $1,059,606
- Assets
- $827,798
- Liabilities
- $418,591
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- WHITNEY WING OPPERSDORFF (PRESIDENT)
Highest reported compensation
- SUSANNAH HASSELGREN (HEAD OF SCHO): $37,500 total reported compensation
- REBECCA CLAPP (HEAD OF SCHO): $35,000 total reported compensation
- CAROLINE SAXE-COBAUGH (SECRETARY): $594 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the riley school is to support the needs of young children and adolescents during their critical years of cognitive, emotional, and social growth. Riley school believes that self-worth is the key to success in academic achievement, creative expression, personal happiness, discipline, and community service. We champion the ability of all people to collaborate and to help others through cooperative work. We recognize and value each individual's unique gifts and talents. We foster a sense of responsibility towards our natural environment and strive to promote all of these goals within an educational setting which provides appropriate adult role models and a secure, loving atmosphere for learning. Each year riley creates a learning environment commensurate with its mission by building upon the following: academics challenge and success a stimulating educational environment self-discipline responsibility
What it reported doing in 2024
The riley school provides elementary school education for grades k-8, in addition to offering preschool and summer enrichment programs. In the 2024 -2025 year riley had 42 full-time students. Riley was able to offer reduced or waived tuition for 18 students throughout the school year.
Operating model
- Revenue model
- Earned-program. 61% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 86% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 94
- Accountability: 69
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.9%; rating input score 81
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: $25.32 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.5%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.78; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 47; 47th percentile among comparable filings
Growth
- Program expense growth: 2.6% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: 1.2% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 80.9% of revenue deployed · 83% of spending went to programs
- Governance: 7 of 7 board members independent · 2 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $879K in reported program spending
- Leadership: top reported pay $38K · 9 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 43/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 47/100.