Rochester Academy Charter School
- Assets
- $19.5m
- Revenue
- $15.1m
- Investments
- $0.0
- Employees
- 225
- Location
- Rochester, NY
- Founding
- 12/2008
- Data as of
- 06/2023
- EIN
- 26-2041512
Organization Overview
Rochester Academy Charter School is located in Rochester, NY. The organization was established in 2008. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Rochester Academy Charter School employed 225 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rochester Academy Charter School is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Rochester Academy Charter School generated $15.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $12.9m during the year ending 06/2023. While expenses have increased by 12.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ROCHESTER ACADEMY CHARTER SCHOOL(RACS) IS TO PREPARE THE WHOLE CHILD FOR A RAPIDLY CHANGINGWORLD BY CULTIVATING THE KNOWLEDGE, CRITICAL THINKING SKILLS ANDPERSONAL CHARACTER TO SUCCEED IN COLLEGE OR A CAREER OF CHOICE. RACS IS COMMITTED TO CREATING AN ENVIRONMENT OF RESPECT ANDINCLUSION THAT BOTH ACKNOWLEDGES AND SUPPORTS THE DIVERSITY OFTHE RACS SCHOOL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULAR EDUCATION: THE SCHOOL CURRICULUM IS FOCUSED ON MATHEMATICS AND SCIENCES. THE SCHOOL ALSO INTEGRATES MULTI-CULTURAL THEMES INTO THE CURRICULUM THROUGH NOT ONLY GEOGRAPHY AND FOREIGN LANGUAGES BUT THROUGH EACH SUBJECT AREA. ALL COURSES ALIGN WITH THE NEW YORK STATE LEARNING STANDARDS.IN ADDITION THE SCHOOL GENERATED $2,913,242 IN GOVERNMENT CONTRIBUTIONS INCLUDED ON FORM 990, PAGE 9, PART VIII, LINE 1E.
SPECIAL EDUCATION: THE SCHOOL IS OPEN TO ALL CHILDREN AND DOES NOT DISCRIMINATE ON THE BASIS OF ETHNICITY, NATIONAL ORIGIN, GENDER, DISABILITY, OR ANY OTHER GROUNDS THAT WOULD BE UNLAWFUL OR DENY THE CIVIL RIGHTS OF ANY INDIVIDUAL. IN ACCORDANCE WITH THE INDIVIDUALS WITH DISABILITIES EDUCATION ACT, THE REHABILITATION ACT, AND SECTION 504, AND THE AMERICANS WITH DISABILITIES ACT, THE SCHOOL PROVIDES A FREE AND APPROPRIATE EDUCATION, IN THE LEAST RESTRICTIVE ENVIRONMENT TO STUDENTS WITH DISABILITIES. THE PRIMARY SERVICE DELIVERY FOR STUDENTS WITH SPECIAL NEEDS IS INCLUSION.IN ADDITION THE SCHOOL GENERATED $134,645 IN GOVERNMENT CONTRIBUTIONS INCLUDED ON FORM 990, PAGE 9, PART VIII, LINE 1E.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr William Middleton President | OfficerTrustee | 1.3 | $0 |
Joann Santos Vice Chair | OfficerTrustee | 1 | $0 |
Mustafa Guler Treasurer | OfficerTrustee | 1 | $0 |
D Jean Calder Member | Trustee | 1 | $0 |
Cheryl Sampson Member | Trustee | 1 | $0 |
Saliha Al Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Udn Inc Construction | 6/29/22 | $1,317,610 |
Ty Linn Architectural Services | 6/29/22 | $470,513 |
Associate Maintenance Services Inc Cleaning | 6/29/22 | $138,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,047,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $85,137 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,047,887 |
| Total Program Service Revenue | $12,016,498 |
| Investment income | $40,853 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$38,314 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,087,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $290,067 |
| Compensation of current officers, directors, key employees. | $290,067 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,101,486 |
| Pension plan accruals and contributions | $617,068 |
| Other employee benefits | $1,147,241 |
| Payroll taxes | $529,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,100 |
| Fees for services: Accounting | $14,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $544,154 |
| Advertising and promotion | $14,642 |
| Office expenses | $341,189 |
| Information technology | $130,616 |
| Royalties | $0 |
| Occupancy | $1,031,607 |
| Travel | $2,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $118,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $411,266 |
| Insurance | $242,429 |
| All other expenses | $1,412 |
| Total functional expenses | $12,923,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,812,808 |
| Savings and temporary cash investments | $400,580 |
| Pledges and grants receivable | $2,181,884 |
| Accounts receivable, net | $330,313 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,305 |
| Prepaid expenses and deferred charges | $245,744 |
| Net Land, buildings, and equipment | $11,469,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,450,095 |
| Accounts payable and accrued expenses | $1,772,574 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,579,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,352,545 |
| Net assets without donor restrictions | $13,097,550 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,450,095 |