Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 11-3830615

RIVER VALE EDUCATIONAL FUND INC

Tax-exempt (reinstated) · RIVER VALE, NJ 07675

Financials

$1.6M$1.3M2023$1.8M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of RIVER VALE EDUCATIONAL FUND INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,787,055$1,469,840$317,215$2,627,547$183,018$2,444,529
June 30, 2024990$1,592,294$1,281,462$310,832$2,386,984$262,391$2,124,593
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$49
Program service revenue
$1,720,320
Investment income
$66,686
Other revenue
$0

Expenses

Grants and similar amounts paid
$308,786
Other salaries and wages
$783,674
Salaries, compensation and benefits (total)
$863,920
Professional fundraising fees
$0
Accounting fees
$11,649
Occupancy
$30,395
Depreciation
$520
Program services (functional)
$1,387,523
Management and general (functional)
$82,317

Balance sheet and other

Total assets, start of year
$2,386,984
Total assets, end of year
$2,627,547
Total liabilities, end of year
$183,018
Net assets, end of year
$2,444,529
Land, buildings and equipment
$2,078
Net assets without donor restrictions
$2,444,529
Gross receipts
$1,787,055
Employees
79
Volunteers
7
Year formed
2007
State of legal domicile
NJ

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.

NameTitleHours / weekCompensation
THOMAS GALLIONEPRESIDENT
Trustee or director, Officer
5$0
HEIDI MARKELLSECRETARY
Trustee or director, Officer
3$0
GREGORY NOORIGIANTREASURER
Trustee or director, Officer
3$0
KELLY IPPOLITOTRUSTEE
Trustee or director
3$0
PETER AJALATTRUSTEE
Trustee or director
2$0
MELISSA SIGNORETRUSTEE
Trustee or director
2$0
STEPHEN RUSSINITRUSTEE
Trustee or director
2$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensation
MR JOHN PUCCIOCO-PRESIDENT
Trustee or director, Officer
5$0
MR KENNETH VEITVICE PRESIDENT
Trustee or director, Officer
3$0
MS HEIDI MARKELLSECRETARY
Trustee or director, Officer
3$0
MRS KELLY IPPOLITOTRUSTEE
Trustee or director
3$0
MR THOMAS GALLIONECO-PRESIDENT
Trustee or director, Officer
5$0
MR PETER AJALATTRUSTEE
Trustee or director
2$0
MR GREGORY NOORIGIANTREASURER
Trustee or director, Officer
3$0
MELISSA SIGNORETRUSTEE
Trustee or director
2$0
STEVEN ROSSINITRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
609 WESTWOOD AVE, RIVER VALE, NJ 07675-6241
In care of
% DAVID C VERDUCCI
Principal officer (990 for 2024)
TOM GALLIONE, 172 BROADWAY 210, WOODCLIFF LAKE, NJ 07677
Signed the 990
TOM GALLIONE, PRESIDENT
Phone
(862) 345-0477
Return prepared by
NISIVOCCIA LLP

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $1,078,737 · revenue $1,720,320
  • 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 $308,786 · grants $308,786

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
11-3830615
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B12)
Assets (IRS master file)
$2,627,547
Income (IRS master file)
$1,787,055

Revocation and reinstatement

Exemption revoked
November 15, 2010
Posted by the IRS
July 13, 2011
Reinstated
Effective November 15, 2010

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,787,055$1,469,840$2,627,547XML
990June 2024$1,592,294$1,281,462$2,386,984XML
990June 2023$1,470,005$1,130,788$2,122,346IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––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 11-3830615).

Questions about RIVER VALE EDUCATIONAL FUND INC

What is the EIN of RIVER VALE EDUCATIONAL FUND INC?
The employer identification number (EIN) of RIVER VALE EDUCATIONAL FUND INC is 11-3830615.
Is RIVER VALE EDUCATIONAL FUND INC tax-exempt?
Yes. The IRS revoked its exemption on November 15, 2010 and reinstated it effective November 15, 2010.
Are donations to RIVER VALE EDUCATIONAL FUND INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RIVER VALE EDUCATIONAL FUND 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 RIVER VALE EDUCATIONAL FUND 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 RIVER VALE EDUCATIONAL FUND 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 RIVER VALE EDUCATIONAL FUND INC?
The 990 for the year ended June 30, 2025 names TOM GALLIONE.
Who are the officers and directors of RIVER VALE EDUCATIONAL FUND INC?
The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does RIVER VALE EDUCATIONAL FUND INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,787,055, expenses of $1,469,840 and total assets of $2,627,547 at year end.

Other nonprofits in RIVER VALE

All nonprofits in RIVER VALE · New Jersey · Education