2024-11-26T15:18:58-06:00 2024-06-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-07-01 113830615 RIVER VALE EDUCATIONAL FUND INC RIVE 8623450477 172 BROADWAY 210 WOODCLIFF LAKE NJ 07677 JOHN PUCCIO PRESIDENT 8623450477 2024-11-26 1 0 ANTHONY RISPOLI P02467381 9733281825 2024-11-08 2023 2024-10-15 13:58:12Z JOHN PUCCIO 172 BROADWAY 210 WOODCLIFF LAKE NJ 07677 1592294 0 X HTTP://WWW.RVEDFUND.ORG/ X 2007 NJ 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. 9 9 81 9 0 0 155 0 1435054 1525272 32912 67022 1884 0 1470005 1592294 207978 223667 0 0 680701 799011 0 0 0 242109 258784 1130788 1281462 339217 310832 2122346 2386984 311317 262391 1811029 2124593 X 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. 0 0 981753 1525272 THE A.C.E. BEFORE AND AFTER SCHOOL PROGRAM IS DESIGNED TO SUPERVISE THE STUDENTS OF OUR SCHOOLS IN A CARING AND NURTURING ENVIRONMENT. THIS PROGRAM ALLOWS FOR THE PEACE OF MIND THAT THE CHILDREN ARE BEING WATCHED WITH THE SAME CARE AND MANNER THEY RECEIVE DURING THE SCHOOL DAY. OUR A.C.E. COUNSELORS ARE HIGHLY QUALIFIED; MOST HOLDING A DEGREE IN EDUCATION AND ARE FIRST AID AND CPR CERTIFIED. 223667 223667 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. 1205420 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 81 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X THE ORGANIZATION 8623450477 172 BROADWAY 210 WOODCLIFF LAKE NJ 07677 X MR JOHN PUCCIO CO-PRESIDENT 5.00 X X 0 0 0 MR KENNETH VEIT VICE PRESIDENT 3.00 X X 0 0 0 MS HEIDI MARKELL SECRETARY 3.00 X X 0 0 0 MRS KELLY IPPOLITO TRUSTEE 3.00 X 0 0 0 MR THOMAS GALLIONE CO-PRESIDENT 5.00 X X 0 0 0 MR PETER AJALAT TRUSTEE 2.00 X 0 0 0 MR GREGORY NOORIGIAN TREASURER 3.00 X X 0 0 0 MELISSA SIGNORE TRUSTEE 2.00 X 0 0 0 STEVEN ROSSINI TRUSTEE 2.00 X 0 0 0 0 0 0 0 0 0 0 0 BEFORE AND AFTER CARE 900099 1525272 1525272 1525272 67022 67022 1592294 1525272 0 67022 223667 223667 728303 683669 44634 70708 66375 4333 5604 2757 2847 9800 4820 4980 63976 44783 19193 30395 30395 5837 5837 184 129 55 79976 79976 FOOD AND SNACKS 53643 53643 PROGRAM SUPPLIES 9369 9369 1281462 1205420 76042 0 1487337 1828280 606165 532985 27710 24769 5232 5232 184 0 950 950 2122346 2386984 140228 115791 435 170654 146600 311317 262391 X 1811029 2124593 1811029 2124593 2122346 2386984 310832 2732 0 X X 0 1 X 1 0 X 62 91847 179575 155 271639 1102390 421202 1541386 1435254 1525272 6025504 1102452 513049 1720961 1435409 1525272 6297143 0 0 0 6297143 17034 6312 493 32912 67022 123773 17034 6312 493 32912 67022 123773 1684 1684 1119486 519361 1721454 1470005 1592294 6422600 0.98050 0.98860 0.01930 0.01110 X 5232 5232 0 0 DUE TO SCHOOL DISTRICTS 146600 146600 X 1595026 2732 2732 1592294 0 1592294 1281462 0 1281462 0 1281462 PART X, LINE 2: THE FUND IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FUND IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY, CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS REQUIRED BY LAW, THE FUND FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THE FUND IS SUBJECT TO EXAMINATION WITHIN CERTAIN STATUTORILY DEFINED PERIODS FROM THE LATEST FILING DATE FOR FEDERAL AND STATE OF NEW JERSEY. 1 RIVER VALE BOARD OF EDUCATION 609 WESTWOOD AVE RIVER VALE NJ 07675 226002262 223667 0 INCOME AND MONEY RAISED BY THE RIVER VALE EDUCATIONAL FUND ARE INVESTED BACK INTO THE THREE PUBLIC SCHOOLS IN THE DISTRICT. THESE INVESTMENTS INCLUDE, BUT ARE NOT LIMITED TO, TEACHER GRANTS, TECHNOLOGY FOR CLASSROOM ACTIVITIES, FACILITY UPGRADES, LAPTOPS FOR LANGUAGE ART CLASSES AND THE SPONSORSHIP OF SCHOOL RUN PROGRAMS. PART I, LINE 2: TEACHER GRANTS ARE REVIEWED AND APPROVED BY THE GRANTS COMMITTEE PRIOR TO SUBMISSION TO THE FULL RVEF BOARD. THE RVEF BOARD THEN VOTES ON AND APPROVES THOSE GRANTS WHICH WILL BE AWARDED. THE RVEF BOARD WILL DISCUSS, VOTE AND APPROVE ANY LARGER INVESTMENT TO BE DONATED. A "RVED FUND INVESTMENT" FILE IS MAINTAINED AND UPDATED REGULARLY. THIS FILE IS KEPT AT THE RVED FUND OFFICE. 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. FORM 990, PART VI, SECTION B, LINE 11B RIVER VALE EDUCATIONAL FUND, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C RIVER VALE EDUCATION FUND, INC. HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND RIVER VALE EDUCATION FUND, INC. DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULT OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED AND WILL NOT BE ALLOWED TO VOTE OR BE A PARTY OF ANY DECISIONS ABOUT SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 THE MANAGEMENT OF RIVER VALE EDUCATION FUND, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 172 BROADWAY SUITE 210, WOODCLIFF LAKE, NJ 07677. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 172 BROADWAY, SUITE 210, WOODCLIFF LAKE, NJ 07677. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.