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Riverwalk Education Foundation Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (B29) (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$128M (2023)

Expenses
$133M (2023)

Total Assets
$398M (2023)

Total Liabilities
$395M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$128,443,292
Expenses
$133,277,490
Net Income
-$4,834,198
Net Assets
$3,087,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $121,353,737
94.5%
Program Services $4,724,577
3.7%
Investment Income $2,364,978
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,472,487
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $74,748,141
56.1%
Assets/Debt
Total Assets $397,745,881
Total Liabilities $394,658,104
Net Assets $3,087,777
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Fevzi Simsek (Superintendent) $138,554 $0 $27,893
Atnan Ekin (Regional Executive Director) $129,301 $0 $18,866
Zekeriya Yuksel (Senior Director) $113,546 $0 $15,075
Muhammet Pakdil (Chief Finance Officer) $112,460 $0 $14,936
Kevin Demirci (Chief Operations Officer) $112,220 $0 $16,541
Mustafa Kililoglu (Chief Of Academics) $112,220 $0 $16,824
Guray Taysever (Principal) $111,621 $0 $14,556
Alpaslan Uzgoren (Principal) $110,621 $0 $16,211
Murat Tunca (Director) $108,021 $0 $14,279
Mehmet Okumus (Director) $107,796 $0 $14,608
Abel Fabian De Leon (Director) $107,556 $0 $15,876
Orhan Jacobs (Principal) $104,793 $0 $15,662
Haci Mert Dilli (Principal) $103,778 $0 $15,019
Hasan Kendirci (Principal) $102,400 $0 $14,370
Dr Suleyman Tek (President) $0 $0 $0
Mr Christopher Geiseke (Vice President) $0 $0 $0
Dr Turgay Korkmaz (Secretary) $0 $0 $0
Mr Denis Akhiyarov (Member) $0 $0 $0
Mrs Valarie Aktepe (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,250,212
Expenses
$115,828,820
Net Income
-$6,578,608
Net Assets
$6,524,395
Notable Sources of Revenue Percent of Total Revenue
Contributions $106,567,553
97.5%
Program Services $2,652,009
2.4%
Investment Income $30,650
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $362,111
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $61,850,265
53.4%
Assets/Debt
Total Assets $396,093,988
Total Liabilities $389,569,593
Net Assets $6,524,395
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Fevzi Simsek (Superintende) $131,956 $0 $0
Mehmet Nalcaci (Ceo/ Adv To) $129,809 $0 $0
Atnan Ekin (Reg Exec Dir) $119,206 $0 $0
Muhammet Pakdil (Reg Exec Dir) $109,962 $0 $0
Zekeriya Yuksel (Director Of) $108,366 $0 $0
Alpaslan Uzgoren (Principal) $105,072 $0 $0
Mustafa Kililoglu (Head Of Aced) $104,895 $0 $0
Kevin E Demirci (Coo) $100,346 $0 $0
Denis Akhiyarov (Member) $0 $0 $0
Mrs Valarie Aktepe (Treasurer) $0 $0 $0
Mr Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$86,377,334
Expenses
$85,579,635
Net Income
$797,699
Net Assets
$13,103,003
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,349,353
98.8%
Program Services $1,018,361
1.2%
Investment Income $9,620
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $474,397
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $46,372,686
54.2%
Assets/Debt
Total Assets $247,569,158
Total Liabilities $234,466,155
Net Assets $13,103,003
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mehmet Nalcaci (Superintende) $128,267 $0 $0
Atnan Ekin (Asst. Superi) $124,700 $0 $0
Fevzi Simsek (Cfo/Asst. Su) $113,700 $0 $0
Zekeriya Yuksel (Director Of) $108,400 $0 $0
Pakdil Muhammet (Asst. Superi) $107,730 $0 $0
Tucan Murat (Director Of) $104,300 $0 $0
Kililoglu Mustafa (Head Of Acad) $104,177 $0 $0
Mehmet Okumus (Principal) $104,150 $0 $0
Uzgoren Alpaslan (Principal) $103,340 $0 $0
Mrs Valarie Aktepe (Member) $0 $0 $0
Mr Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Mr Alma Murati (Treasurer) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,633,991
Expenses
$61,611,240
Net Income
$2,022,751
Net Assets
$12,305,304
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,439,925
95.0%
Program Services $2,725,203
4.3%
Investment Income $468,863
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $355,603
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $37,370,757
60.7%
Assets/Debt
Total Assets $214,251,618
Total Liabilities $201,946,314
Net Assets $12,305,304
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mehmet Nalcaci (Superintende) $124,898 $0 $0
Atnan Ekin (Asst. Superi) $122,072 $0 $0
Fevzi Simsek (Cfo/Asst. Su) $108,633 $0 $0
Mrs Valarie Aktepe (Member) $0 $0 $0
Mr Mehmet Bulut (Treasurer) $0 $0 $0
Mr Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,344,697
Expenses
$44,279,379
Net Income
-$934,682
Net Assets
$6,301,404
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,859,173
94.3%
Program Services $2,471,682
5.7%
Investment Income $13,842
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $343,866
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $24,017,063
54.2%
Assets/Debt
Total Assets $25,447,534
Total Liabilities $19,146,130
Net Assets $6,301,404
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mehmet Nalcaci (Superintende) $124,477 $0 $0
Atnan Ekin (Asst. Superi) $113,709 $0 $0
Fevzi Simsek (Cfo/Asst. Su) $105,680 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Mr Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0
Mrs Valarie Aktepe (Member) $0 $0 $0
Mr Mehmet Bulut (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,999,216
Expenses
$31,286,854
Net Income
$1,712,362
Net Assets
$7,236,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $32,062,704
97.2%
Program Services $934,139
2.8%
Investment Income $2,373
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $112,747
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $18,123,596
57.9%
Assets/Debt
Total Assets $20,395,132
Total Liabilities $13,159,046
Net Assets $7,236,086
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mehmet Nalcaci (Superintende) $112,747 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Mr Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0
Mrs Valarie Aktepe (Member) $0 $0 $0
Mr Mehmet Bulut (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,252,355
Expenses
$26,702,250
Net Income
-$449,895
Net Assets
$5,403,011
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,475,515
97.0%
Program Services $774,856
3.0%
Investment Income $1,984
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $103,123
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $15,024,320
56.3%
Assets/Debt
Total Assets $17,198,515
Total Liabilities $11,795,504
Net Assets $5,403,011
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mehmet Nalcaci (Superintende) $103,123 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0
Valarie Aktepe (Treasurer) $0 $0 $0
Oguz Oguzhanoglu (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,706,349
Expenses
$17,936,598
Net Income
$769,751
Net Assets
$5,594,304
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,131,879
96.9%
Program Services $574,238
3.1%
Investment Income $232
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $86,578
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $9,604,857
53.5%
Assets/Debt
Total Assets $17,943,832
Total Liabilities $12,349,528
Net Assets $5,594,304
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Mehmet Nalcaci (Superintende) $33,398 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0
Valarie Aktepe (Treasurer) $0 $0 $0
Oguz Oguzhanoglu (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$17,489,248
Expenses
$16,445,057
Net Income
$1,044,191
Net Assets
$4,824,553
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,901,045
96.6%
Program Services $588,170
3.4%
Investment Income $33
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,584
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $8,316,304
50.6%
Assets/Debt
Total Assets $14,315,712
Total Liabilities $9,491,159
Net Assets $4,824,553
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Emin Cavusoglu (Superintende) $90,651 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0
Valarie Aktepe (Treasurer) $0 $0 $0
Oguz Oguzhanoglu (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,798,340
Expenses
$15,121,559
Net Income
$676,781
Net Assets
$3,780,362
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,197,842
96.2%
Program Services $600,358
3.8%
Investment Income $140
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $85,065
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $7,463,360
49.4%
Assets/Debt
Total Assets $13,508,218
Total Liabilities $9,727,856
Net Assets $3,780,362
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Emin Cavusoglu (Superintende) $85,065 $0 $0
Dr Turgay Korkmaz (President) $0 $0 $0
Christopher John Geiseke (Vice Preside) $0 $0 $0
Dr Suleyman Tek (Secretary) $0 $0 $0
Valarie Aktepe (Treasurer) $0 $0 $0
Oguz Oguzhanoglu (Member) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,674,232
Expenses
$12,761,862
Net Income
$912,370
Net Assets
$3,148,284
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,213,266
96.6%
Program Services $460,924
3.4%
Investment Income $42
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $73,146
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $6,330,581
49.6%
Assets/Debt
Total Assets $12,066,032
Total Liabilities $8,917,748
Net Assets $3,148,284

Document Links

Fiscal Year Ending Aug.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$14,245,395
Expenses
$14,029,892
Net Income
$215,503
Net Assets
$2,235,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,419,685
94.2%
Program Services $825,618
5.8%
Investment Income $92
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $121,895
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $5,939,709
42.3%
Assets/Debt
Total Assets $10,841,169
Total Liabilities $8,605,255
Net Assets $2,235,914

Document Links

Fiscal Year Ending Aug.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,744,374
Expenses
$12,590,895
Net Income
$153,479
Net Assets
$2,020,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,155,201
95.4%
Program Services $589,123
4.6%
Investment Income $50
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $220,803
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $5,147,119
40.9%
Assets/Debt
Total Assets $10,872,988
Total Liabilities $8,852,577
Net Assets $2,020,411

Document Links

Fiscal Year Ending Aug.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Aug.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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  • Raw filing data. Includes EINs and summary financials as structured data.
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