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Rivers School Corporation

EIN 04-2104457 · Weston, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood71 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE RIVERS SCHOOL IS A COED COLLEGE PREPARATORY DAY SCHOOL FOR GRADES 6 THROUGH 12. RIVERS INSPIRES EVERY STUDENT TO PURSUE EXCELLENCE, THRIVE IN A COMMUNITY OF CONNECTION AND BELONGING, AND CREATE THEIR OWN PATH TO A LIFE OF IMPACT AND PURPOSE. CORE VALUESGUIDED BY OUR PHILOSOPHY OF EXCELLENCE WITH HUMANITY, WE VALUE:INTEGRITY - WE ARE COMMITTED TO ALIGNING OUR ACTIONS WITH OUR VALUES IN THE CONTINUING PURSUIT OF COURAGE, HONESTY, AND TRUTH.PERSEVERANCE - WE EMBRACE CHALLENGES AND MAKE SPACE FOR DISCOMFORT AS WE BUILD RESILIENCE AND SUPPORT INDIVIDUAL AND COLLECTIVE GROWTH.EMPATHY - WE SEEK TO UNDERSTAND AND CONNECT WITH ONE ANOTHER TO FOSTER A COMMUNITY OF MUTUAL RESPECT AND CARE.CURIOSITY - WE PRIORITIZE LEARNING THAT IS GROUNDED IN OUR NATURAL SENSE OF WONDER AND SHAPED BY EXPLORING COMPLEX QUESTIONS IN AN ONGOING PROCESS OF DISCOVERY.JOY - WE DELIGHT IN ENGAGING WITH OUR WORK AND WITH EACH OTHER, CELEBRATING OUR PASSIONS AND THE FULLEST EXPRESSION OF OURSELVES.

Income
$45.9 million
Spending
$45.4 million
Spent on programs
80%
Reserves
5.2 months of spending
Largest source of income
fees for its services, 84%
Employees
428
Volunteers
342
Highest pay
$704,104, head of school

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 71 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 5.2 months of spending.

  • Debt

    16 of 20

    It owes 23% of what it owns.

  • Living within its means

    12 of 15

    Income exceeded spending by 1% of income.

  • Income trend

    15 of 15

    Income rose 10% on the year before.

  • Spending floor

    8 of 15

    80% of spending went to programs and raising each dollar of donations cost 41 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100.

  • Independent board

    25 of 25

    30 of 30 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $31.8 million spent. SCHOOL PROGRAM - THE INSTRUCTION OF 534 STUDENTS - GRADE 6-12. THE SCHOOL YEAR RUNS FROM SEPTEMBER TO JUNE.
  2. $3.2 million spent. MUSIC CONSERVATORY - OFFERS PREMIER CLASSICAL AND JAZZ MUSIC EDUCATION AND PERFORMANCE PROGRAMS THAT DEVELOP THE HIGHEST LEVELS OF ARTISTIC AND TECHNICAL ACHIEVEMENT IN STUDENT MUSICIANS OF ALL AGES
  3. $341,525 spent. SUMMER CAMP PROGRAM - THE INSTRUCTION AND SUPERVISION OF CAMPERS IN ARTS, CRAFTS, AND OUTDOOR ACTIVITIES.
  4. $1.1 million spent. OTHER SCHOOL PROGRAMS - VARIOUS EXTRA - CURRICULAR ACTIVITIES.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 1932.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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