NonprofitsRiver Vale Educational Fund Inc

Education

River Vale Educational Fund Inc

RIVER VALE, NJ

Total revenue

$1.8M

Total expenses

$1.5M

Net assets

$2.4M

Grants received

EIN

113830615

Tax year

2024

Mission

The river vale educational fund (rvef) is a nonprofit organization that operates independent of the board of education. The goal of the rvef is to provide supplementary funding to help maintain the district's commitment to excellence. The river vale educational fund provides privately-raised, non-tax dollar financing that will assist in guaranteeing that the school district will provide the finest education experiences for each and every student.

Programs

1 program

School district grants - the rvef board members designate, discuss, vote and approve which donations are made and to which school. Generally, a donation will be made to both grammar schools at once or to the middle school. The board members determine what investments to make with no input from teachers or staff members. Grants, on the other hand, are driven initially by applications completed by the staff. The rvef grant committee then reviews all grants applications completed and determines which ones should be brought to the rvef board members for final consideration.

Expenses: $309KGrants: $309K

Financials

FY 2024

Revenue

Contributions & grants$49
Program service revenue$1.7M
Investment income$67K
Other revenue
Total revenue$1.8M

Expenses

Grants paid$309K
Salaries & benefits$864K
Fundraising
Other expenses$297K
Total expenses$1.5M
Total assets$2.6M
Net assets$2.4M

People

7 listed

NameRoleCompensation

THOMAS GALLIONE

PRESIDENT

Board

5 hrs/wk

HEIDI MARKELL

SECRETARY

Board

3 hrs/wk

GREGORY NOORIGIAN

TREASURER

Board

3 hrs/wk

KELLY IPPOLITO

TRUSTEE

Board

3 hrs/wk

PETER AJALAT

TRUSTEE

Board

2 hrs/wk

MELISSA SIGNORE

TRUSTEE

Board

2 hrs/wk

STEPHEN RUSSINI

TRUSTEE

Board

2 hrs/wk

Details

EIN113830615
NTEE codeB12
Subsection03
Ruling date2014-03
Formed2007
Employees79
Volunteers7
RIVER VALE EDUCATIONAL FUND INC — Mission, Financials & Grants Received | Grantivo