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Nonprofiteer
← RIVERWALK EDUCATION FOUNDATION INC

Form 990 for tax year 2022

Filed by RIVERWALK EDUCATION FOUNDATION INC.

Totals

Total revenue
$128,443,292
Total expenses
$133,277,490
Contributions and grants received
$121,353,737
Grants paid
$0
Program service revenue
$4,724,577
Investment income
$2,364,978
Other revenue
$0
Total assets, end of year
$397,745,881
Total liabilities, end of year
$394,658,104
Net assets or fund balances, end of year
$3,087,777
Program services expenses (Part IX)
$93,457,956
Management and general expenses
$39,819,534
Fundraising expenses
$0
Program service expenses (Part III)
$93,457,956

Program services were 70.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $116,078,215

  • 1f · All other contributions, gifts and grants

    $5,275,522

  • 2a · Program service revenue: LOCAL SOURCE REVENUE

    total $2,102,827 · related or exempt $2,102,827

  • 2b · Program service revenue: CAMPUS ACTIVITY REVENUE

    total $1,801,313 · related or exempt $1,801,313

  • 2c · Program service revenue: FOOD SERVICE REVENUE

    total $820,437 · related or exempt $820,437

  • 3 · Investment income

    total $2,364,978 · excluded $2,364,978

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,472,487 · program services $1,349,972 · management and general $122,515

  • 7 · Other salaries and wages

    total $74,748,141 · program services $68,528,912 · management and general $6,219,229

  • 8 · Pension plan contributions

    total $3,966,198 · program services $3,616,802 · management and general $349,396

  • 9 · Other employee benefits

    total $3,783,367 · program services $3,598,524 · management and general $184,843

  • 10 · Payroll taxes

    total $1,377,401 · program services $1,270,801 · management and general $106,600

  • 11b · Fees: legal

    total $76,529 · management and general $76,529

  • 11c · Fees: accounting

    total $120,599 · management and general $120,599

  • 11g · Fees: other

    total $14,220,179 · program services $6,859,714 · management and general $7,360,465

  • 16 · Occupancy

    total $6,586,236 · program services $38,038 · management and general $6,548,198

  • 17 · Travel

    total $369,948 · program services $211,998 · management and general $157,950

  • 20 · Interest

    total $6,652,915 · management and general $6,652,915

  • 22 · Depreciation, depletion and amortization

    total $5,021,210 · management and general $5,021,210

  • 23 · Insurance

    total $679,415 · management and general $679,415

  • 24a · Other expenses: SUPPLIES

    total $7,992,377 · program services $5,974,654 · management and general $2,017,723

  • 24b · Other expenses: REPAIRS & MAINTENAINCE

    total $3,062,515 · program services $59,527 · management and general $3,002,988

  • 24c · Other expenses: OTHER EXPENSES

    total $3,061,233 · program services $1,883,579 · management and general $1,177,654

  • 24d · Other expenses: TRAINING

    total $46,440 · program services $32,880 · management and general $13,560

  • 24e · All other expenses

    total $40,300 · program services $32,555 · management and general $7,745

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $124,843,814 · end of year $68,053,019

  • 2 · Savings and temporary cash investments

    end of year $2,605,647

  • 3 · Pledges and grants receivable

    beginning of year $17,496,380 · end of year $23,568,097

  • 10a · Land, buildings and equipment: cost or other basis

    $307,704,275

  • 10b · Land, buildings and equipment: accumulated depreciation

    $24,815,550

  • 10c · Land, buildings and equipment, net

    beginning of year $231,777,447 · end of year $282,888,725

  • 14 · Intangible assets

    beginning of year $416,778 · end of year $531,689

  • 15 · Other assets

    beginning of year $21,559,569 · end of year $20,098,704

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,042,940 · end of year $15,172,368

  • 19 · Deferred revenue

    beginning of year $185,290 · end of year $185,290

  • 20 · Tax-exempt bond liabilities

    beginning of year $187,164,791 · end of year $184,090,018

  • 24 · Unsecured notes and loans payable

    beginning of year $153,971,213 · end of year $153,597,755

  • 25 · Other liabilities

    beginning of year $36,205,359 · end of year $41,612,673

  • 27 · Net assets without donor restrictions

    beginning of year $1,104,055 · end of year -$2,130,080

  • 28 · Net assets with donor restrictions

    beginning of year $5,420,340 · end of year $5,217,857

Mission and programs · 2022

Mission

OUR MISSION DRIVES ACADEMIC AND SOCIO-EMOTIONAL DEVELOPMENT THROUGH ARIGOROUS COLLEGE PREPARATORY, STEM-BASED LEARNING MODEL. THE MODEL ISANCHORED ON 21ST CENTURY SKILLS, EMBRACED BY A CHARACTER-BUILDING APPROACH, AND DELIVERED IN AN ENRICHING, SAFE, (SEE SCHEDULE O) AND STUDENT-CENTERED LEARNING ENVIRONMENT.

Activities or mission (Part I)

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.

  • SST, A PUBLIC CHARTER SCHOOL ACCREDITED BY THE TEXAS EDUCATION AGENCY, IS OPERATING UNDER THE RIVERWALK EDUCATION FOUNDATION. IT'S DEDICATED TO STEM EDUCATION, EMPHASIZING 21ST-CENTURY SKILLS AND CHARACTER DEVELOPMENT. ACROSS 20 CAMPUSES IN SAN ANTONIO, HOUSTON, AND CORPUS CHRISTI, SST NURTURES ABOUT 11,000 STUDENTS IN A DYNAMIC LEARNING ENVIRONMENT. DRIVEN BY A COLLEGE PREPARATORY, STEM-FOCUSED MODEL, SST INTEGRATES ACADEMIC AND SOCIO-EMOTIONAL GROWTH. ITS APPROACH COMBINES CHARACTER-BUILDING STRATEGIES WITH A STUDENT-CENTERED ETHOS, ENSURING A SAFE, ENRICHING EXPERIENCE FOR EVERY LEARNER.

    Expenses $93,457,956 · Revenue $4,724,577

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DR SULEYMAN TEK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • MR CHRISTOPHER GEISEKE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • DR TURGAY KORKMAZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • MR DENIS AKHIYAROV

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MRS VALARIE AKTEPE

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • FEVZI SIMSEK

    SUPERINTENDENT

    Total calculated
    $166,447
    From this org
    $138,554
    From related orgs
    $0
    Other
    $27,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,554
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,893
    Filer's total
    $166,447

  • ATNAN EKIN

    REGIONAL EXECUTIVE DIRECTOR

    Total calculated
    $148,167
    From this org
    $129,301
    From related orgs
    $0
    Other
    $18,866
    Hours/week
    40

  • MUHAMMET PAKDIL

    CHIEF FINANCE OFFICER

    Total calculated
    $127,396
    From this org
    $112,460
    From related orgs
    $0
    Other
    $14,936
    Hours/week
    40

  • KEVIN DEMIRCI

    CHIEF OPERATIONS OFFICER

    Total calculated
    $128,761
    From this org
    $112,220
    From related orgs
    $0
    Other
    $16,541
    Hours/week
    40

  • GURAY TAYSEVER

    PRINCIPAL

    Total calculated
    $126,177
    From this org
    $111,621
    From related orgs
    $0
    Other
    $14,556
    Hours/week
    40

  • ALPASLAN UZGOREN

    PRINCIPAL

    Total calculated
    $126,832
    From this org
    $110,621
    From related orgs
    $0
    Other
    $16,211
    Hours/week
    40

  • ORHAN JACOBS

    PRINCIPAL

    Total calculated
    $120,455
    From this org
    $104,793
    From related orgs
    $0
    Other
    $15,662
    Hours/week
    40

  • HACI MERT DILLI

    PRINCIPAL

    Total calculated
    $118,797
    From this org
    $103,778
    From related orgs
    $0
    Other
    $15,019
    Hours/week
    40

  • HASAN KENDIRCI

    PRINCIPAL

    Total calculated
    $116,770
    From this org
    $102,400
    From related orgs
    $0
    Other
    $14,370
    Hours/week
    40

  • ZEKERIYA YUKSEL

    SENIOR DIRECTOR

    Total calculated
    $128,621
    From this org
    $113,546
    From related orgs
    $0
    Other
    $15,075
    Hours/week
    40

  • MUSTAFA KILILOGLU

    CHIEF OF ACADEMICS

    Total calculated
    $129,044
    From this org
    $112,220
    From related orgs
    $0
    Other
    $16,824
    Hours/week
    40

  • MURAT TUNCA

    DIRECTOR

    Total calculated
    $122,300
    From this org
    $108,021
    From related orgs
    $0
    Other
    $14,279
    Hours/week
    40

  • MEHMET OKUMUS

    DIRECTOR

    Total calculated
    $122,404
    From this org
    $107,796
    From related orgs
    $0
    Other
    $14,608
    Hours/week
    40

  • ABEL FABIAN DE LEON

    DIRECTOR

    Total calculated
    $123,432
    From this org
    $107,556
    From related orgs
    $0
    Other
    $15,876
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421359349308222

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