Rhode Island Mayoral Academy

Organization Overview

Rhode Island Mayoral Academy, operating under the name Blackstone Valley Prep, is located in Cumberland, RI. The organization was established in 2011. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Blackstone Valley Prep employed 402 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blackstone Valley Prep 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 06/2022, Blackstone Valley Prep generated $42.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $39.4m during the year ending 06/2022. While expenses have increased by 9.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PREPARE EVERY SCHOLAR FOR SUCCESS IN COLLEGE AND THE WORLD BEYOND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BLACKSTONE VALLEY PREP (BVP) IS A NON-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE ELEMENTARY, MIDDLE SCHOOL AND HIGH SCHOOL EDUCATION TO STUDENTS RESIDING IN CUMBERLAND, CENTRAL FALLS, LINCOLN, AND PAWTUCKET, RHODE ISLAND.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Durham School Services
Transportation
$1,819,948
Civic Broad Street Corporation
Lessor
$624,994
Civic Ri Central Falls Charter I Llc
Lessor
$650,306
Civic Ri Central Falls Charter Iii Llc
Lessor
$347,993
Mill City Construction
Construction Contractor
$323,407
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $7,921,861
All other contributions, gifts, grants, and similar amounts not included above$1,653,434
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$9,575,295
Total Program Service Revenue$32,597,338
Investment income $15,011
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 $0
Miscellaneous Revenue$0
Total Revenue $42,226,919

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Rhode Island Mayoral Academy has recieved totaling $71,056.

Awarding OrganizationAmount
Simon W Wardwell Foundation

Cranston, RI

PURPOSE: PROGRAM/PROJECT EXPENSE

$50,000
Cvs Health Charity Classic Inc

Woonsocket, RI

PURPOSE: GENERAL

$10,000
Find Your Light Foundation

Los Angeles, CA

PURPOSE: TO PROVIDE A VITAL SERVICE TO THE UNDERSERVED POPULATION THROUGH ARTS EDUCATION PROGRAMS

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$1,056
View Grant Recipient Profile

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