Nonprofit · EIN 01-0758906
RIVERWALK EDUCATION FOUNDATION INC
Tax-exempt · SAN ANTONIO, TX 78209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $150,696,334 | $148,464,530 | $2,231,804 | $529,739,349 | $518,094,496 | $11,644,853 |
| June 30, 2024 | 990 | $141,902,616 | $135,577,344 | $6,325,272 | $441,924,786 | $432,511,737 | $9,413,049 |
| June 30, 2023 | 990 | $128,443,292 | $133,277,490 | -$4,834,198 | $397,745,881 | $394,658,104 | $3,087,777 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $142,793,915
- of which government grants
- $136,573,592
- Program service revenue
- $6,604,168
- Investment income
- $1,297,101
- Other revenue
- $1,150
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,628,904
- Other salaries and wages
- $69,914,662
- Salaries, compensation and benefits (total)
- $88,077,732
- Professional fundraising fees
- $0
- Travel
- $333,394
- Depreciation
- $6,720,621
- Program services (functional)
- $99,818,311
- Management and general (functional)
- $48,646,219
Balance sheet and other
- Total assets, start of year
- $441,924,786
- Total assets, end of year
- $529,739,349
- Total liabilities, end of year
- $518,094,496
- Net assets, end of year
- $11,644,853
- Land, buildings and equipment
- $398,266,123
- Net assets without donor restrictions
- $3,451,470
- Net assets with donor restrictions
- $8,193,383
- Gross receipts
- $150,696,334
- Employees
- 1,832
- Year formed
- 2002
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FAWZY SHEMSHACK | SUPERINTENDANT Officer | 40 | $210,024 |
| ATNAN EKIN | REGIONAL EX. DIRECTOR | 40 | $157,925 |
| MAKSATMYRAT ALTIYEV | REGIONAL EX. DIRECTOR | 40 | $151,746 |
| KEVIN DEMIRCI | COO Officer | 40 | $147,244 |
| MUSTAFA KILILIOGLU | CFO Officer | 40 | $140,892 |
| GURAY TAYSEVER | PRINCIPAL | 40 | $140,134 |
| HACI DILLI | PRINCIPAL | 40 | $139,465 |
| MAGDALENA RIVERA | INSTRUCTIONAL COOR | 40 | $138,242 |
| MURAT TUNCA | HIGH SCHOOL DIRECT | 40 | $136,854 |
| ZEKERIYA YUKSEL | DIRECTOR OF AUDIT | 40 | $135,637 |
| ELIZABETH JAMES | CHIEF ACADEMIC Officer | 40 | $130,741 |
| DR SULEYMAN TEK | President Trustee or director, Officer | 5 | $0 |
| DR TURGAY KORKMAZ | Secretary Trustee or director, Officer | 5 | $0 |
| CHRISTOPHER JOHN GIESEKE | Vice President Trustee or director, Officer | 5 | $0 |
| GEORGE PEDRAZA | Board Member Trustee or director, Officer | 5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENIS AKHIYAROV | Board Member Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2024: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FAWZY SHEMSHACK | SUPERINTENDENT Officer | 40 | $151,663 | $15,355 |
| ATNAN EKIN | REGIONAL EXECUTIVE DIRECTOR Officer | 40 | $132,933 | $11,786 |
| GURAY TAYSEVER | PRINCIPAL Officer | 40 | $130,314 | $9,403 |
| HACI MERT DILLI | PRINCIPAL Officer | 40 | $129,074 | $9,403 |
| RHIANNA FLORES | PRINCIPAL Officer | 40 | $126,424 | $8,903 |
| ALPASLAN UZGOREN | PRINCIPAL Officer | 40 | $118,739 | $9,403 |
| KEVIN DEMIRCI | CHIEF OPERATIONS OFFICER Officer | 40 | $117,453 | $10,622 |
| MUSTAFA KILILOGLU | CHIEF FINANCE OFFICER Highest-paid employee | 40 | $116,390 | $11,553 |
| MAKSATMYRAT ALTIYEV | REGIONAL EXECUTIVE DIRECTOR Officer | 40 | $115,693 | $11,553 |
| SERDAR BULUT | PRINCIPAL Officer | 40 | $118,159 | $8,003 |
| ZEKERIYA YUKSEL | SENIOR DIRECTOR OF INTERNAL AUDIT Highest-paid employee | 40 | $116,067 | $9,333 |
| MURAT TUNCA | SENIOR DIRECTOR OF COLLEGE, CAREER AND SUPPO Highest-paid employee | 40 | $115,655 | $9,403 |
| MEHMET OGUZ | DIRECTOR OF STUDENT INFORMATION SYSTEM Officer | 40 | $113,340 | $9,403 |
| ORHAN JACOBS | PRINCIPAL Officer | 40 | $112,438 | $7,903 |
| HALIL CICEK | PRINCIPAL Officer | 40 | $114,554 | $5,784 |
| KIMBERLY LARDIN | PRINCIPAL Officer | 40 | $112,152 | $7,903 |
| JESSICA ROMERO | PRINCIPAL Officer | 40 | $111,410 | $7,903 |
| MEHMET OKUMUS | DIRECTOR Highest-paid employee | 40 | $111,589 | $7,284 |
| MUSA BAKI | PRINCIPAL Officer | 40 | $112,250 | $6,247 |
| TIRKISHMYRAT ATAKOV | PRINCIPAL Officer | 40 | $109,316 | $9,153 |
| TANER ERTEKIN | REGIONAL DIRECTOR OF OPERATIONS Officer | 40 | $110,387 | $7,903 |
| HALIL CELIK | DIRECTOR OF PERSONNEL SERVICES Officer | 40 | $107,590 | $9,403 |
| MAGDALENA RIVERA | PRINCIPAL Officer | 40 | $115,712 | $217 |
| MIKAIL YUKSEL | DIRECTOR OF INFORMATION TECHNOLOGY Officer | 40 | $106,015 | $9,333 |
| HASAN KENDIRCI | PRINCIPAL Officer | 40 | $103,820 | $9,153 |
| YVETTE ALVAREZ | SENIOR DIRECTOR OF SUPERINTENDENT'S OFFICE Officer | 40 | $104,320 | $7,903 |
| MEHMET ERASLAN | DIRECTOR OF CCMR Officer | 40 | $103,550 | $7,903 |
| SOLTANMYRAT MATCHANOV | DIRECTOR OF PAYROLL Officer | 40 | $102,580 | $7,903 |
| YASIN OZKILIC | PRINCIPAL Officer | 40 | $100,595 | $9,654 |
| ALI DAL | PRINCIPAL Officer | 40 | $101,848 | $7,903 |
| ELIZABETH JAMES | CHIEF ACADEMIC OFFICER Officer | 40 | $103,579 | $403 |
| DR SULEYMAN TEK | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MR CHRISTOPHER GEISEKE | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DR TURGAY KORKMAZ | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MR DENIS AKHIYAROV | MEMBER Trustee or director | 5 | $0 | $0 |
| MRS VALARIE AKTEPE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| FEVZI SIMSEK | SUPERINTENDENT Officer | 40 | $138,554 | $27,893 |
| ATNAN EKIN | REGIONAL EXECUTIVE DIRECTOR Officer | 40 | $129,301 | $18,866 |
| MUSTAFA KILILOGLU | CHIEF OF ACADEMICS Highest-paid employee | 40 | $112,220 | $16,824 |
| KEVIN DEMIRCI | CHIEF OPERATIONS OFFICER Officer | 40 | $112,220 | $16,541 |
| ZEKERIYA YUKSEL | SENIOR DIRECTOR Highest-paid employee | 40 | $113,546 | $15,075 |
| MUHAMMET PAKDIL | CHIEF FINANCE OFFICER Officer | 40 | $112,460 | $14,936 |
| ALPASLAN UZGOREN | PRINCIPAL Officer | 40 | $110,621 | $16,211 |
| GURAY TAYSEVER | PRINCIPAL Officer | 40 | $111,621 | $14,556 |
| ABEL FABIAN DE LEON | DIRECTOR Highest-paid employee | 40 | $107,556 | $15,876 |
| MEHMET OKUMUS | DIRECTOR Highest-paid employee | 40 | $107,796 | $14,608 |
| MURAT TUNCA | DIRECTOR Highest-paid employee | 40 | $108,021 | $14,279 |
| ORHAN JACOBS | PRINCIPAL Officer | 40 | $104,793 | $15,662 |
| HACI MERT DILLI | PRINCIPAL Officer | 40 | $103,778 | $15,019 |
| HASAN KENDIRCI | PRINCIPAL Officer | 40 | $102,400 | $14,370 |
| DR SULEYMAN TEK | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MR CHRISTOPHER GEISEKE | VICE PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| DR TURGAY KORKMAZ | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| MR DENIS AKHIYAROV | MEMBER Trustee or director | 5 | $0 | $0 |
| MRS VALARIE AKTEPE | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1450 NE LOOP 410, SAN ANTONIO, TX 78209-1513
- In care of
- % MEHMET AGACHAN
- Principal officer (990 for 2024)
- FAWZY SHEMSHACK, 1450 NE LOOP 410, SAN ANTONIO, TX 78209
- Signed the 990
- FAWZY SHEMSHACK, SUPERINTENDENT
- Phone
- (210) 957-1955
- Website
- WWW.SSTSCHOOLS.ORG
- Return prepared by
- SCHRIVER CARMONA & COMPANY PLLC
Mission
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.
Program accomplishments
- SST, a public charter school accredited by the Texas Education Agency, operates under the Riverwalk Education Foundation. It is dedicated to STEM education, emphasizing 21st-century skills and character development. Across 20 campuses in San Antonio, Houston, and Corpus Christi, SST nurtures approximately 11,000 students in a dynamic learning environment. Driven by a college-preparatory, STEM-focused model, SST integrates academic rigor with socio-emotional growth. Its approach combines character-building strategies with a student-centered ethos, ensuring a safe, enriching experience for every learner.Expenses $99,818,311 · revenue $6,604,168
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0758906
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $529,739,349
- Income (IRS master file)
- $150,696,334
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $150,696,334 | $148,464,530 | $529,739,349 | IRS |
| 990 | June 2024 | $141,902,616 | $135,577,344 | $441,924,786 | XML |
| 990 | June 2023 | $128,443,292 | $133,277,490 | $397,745,881 | XML |
| 990 | June 2022 | $109,250,212 | $115,828,820 | $396,093,988 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0758906).
Questions about RIVERWALK EDUCATION FOUNDATION INC
- What is the EIN of RIVERWALK EDUCATION FOUNDATION INC?
- The employer identification number (EIN) of RIVERWALK EDUCATION FOUNDATION INC is 01-0758906.
- Is RIVERWALK EDUCATION FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to RIVERWALK EDUCATION FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIVERWALK EDUCATION FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIVERWALK EDUCATION FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVERWALK EDUCATION FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of RIVERWALK EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names FAWZY SHEMSHACK.
- Who are the officers and directors of RIVERWALK EDUCATION FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 11 received compensation from the organization, the highest $210,024 (FAWZY SHEMSHACK, SUPERINTENDANT).
- How much revenue does RIVERWALK EDUCATION FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $150,696,334, expenses of $148,464,530 and total assets of $529,739,349 at year end.
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