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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.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$1.8M
Program Spending
94%
of total expenses go to program services
Total Contributions
$49
Total Expenses
▼$1.5M
Total Assets
$2.6M
Total Liabilities
▼$183K
Net Assets
$2.4M
Officer Compensation
→N/A
Other Salaries
$783.7K
Investment Income
$66.7K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
WarningTax-exempt status was revoked on November 15, 2010
Reinstated on November 15, 2010
Exemption type: 03
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $1.8M | $49 | $1.5M | $2.6M | $2.4M |
| 2023 | $1.5M | $155 | $1.1M | $2.1M | $1.8M |
| 2022 | $1.7M | $179.6K | $863.6K | $1.6M | $1.5M |
| 2021 | $519.5K | $91.8K | $737K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
Revocation status: IRS Auto-Revocation List
| Total |
|---|
| Thomas Gallione | President | 5 | $0 | $0 | $0 | $0 |
| Heidi Markell | Secretary | 3 | $0 | $0 | $0 | $0 |
| Gregory Noorigian | Treasurer | 3 | $0 | $0 | $0 | $0 |
Thomas Gallione
President
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Heidi Markell
Secretary
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Gregory Noorigian
Treasurer
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Kelly Ippolito | Trustee | 3 | $0 | $0 | $0 | $0 |
| Melissa Signore | Trustee | 2 | $0 | $0 | $0 | $0 |
| Peter Ajalat | Trustee | 2 | $0 | $0 | $0 | $0 |
| Stephen Russini | Trustee | 2 | $0 | $0 | $0 | $0 |
Kelly Ippolito
Trustee
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Melissa Signore
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Peter Ajalat
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $812.7K |
| $609.3K |
| 2020 | $1.1M | $62 | $1.2M | $1.2M | $826.8K |
| 2019 | $1.5M | $2,571 | $1.4M | $1.4M | $866.8K |
| 2018 | $1.3M | $6,528 | $1.4M | $1.1M | $775.8K |
| 2017 | $1.2M | $11.3K | $957.9K | $1.2M | $883.6K |
| 2016 | $1.1M | $10.2K | $798.1K | $959.2K | $656.4K |
| 2015 | $904.4K | $54K | $868.2K | $518.1K | $398K |
| 2014 | $718K | $3,550 | $739.2K | $445.6K | $361.8K |
| 2013 | $774K | $11.9K | $606.2K | $433.8K | $382.9K |
| 2012 | $756.3K | $7,602 | $685K | $266.4K | $215.1K |
| 2011 | $409.7K | $15.9K | $338.3K | $178.7K | $143.8K |
| 2022 | 990 | Data |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
Stephen Russini
Trustee
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0