Reve Academy
- Assets
- $50.1k
- Revenue
- $322.2k
- Investments
- $0.0
- Employees
- 38
- Location
- Minneapolis, MN
- Founding
- 01/2012
- Data as of
- 12/2023
- EIN
- 27-4148333
Organization Overview
Reve Academy is located in Minneapolis, MN. The organization was established in 2012. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Reve Academy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reve Academy 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 12/2023, Reve Academy generated $322.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $417.9k during the year ending 12/2023. While expenses have increased by 6.6% per year over the past 9 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
TO PROVIDE AN INNOVATIVE OUT-OF-SCHOOL PROGRAM CREATING PATHWAYS TO DIGITAL CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVE ACADEMY EDU: RIGOROUS AND MARKET RELEVANT OUT-OF-SCHOOL PROGRAM THAT PROVIDES AN OPPORTUNITY FOR STUDENTS IN MIDDLE AND HIGH SCHOOL TO LEARN HIGHLY MARKETABLE DIGITAL SKILLS.
REVE ACADEMY SRB.: STUDENT RUN AGENCY PROVIDING 10TH THROUGH 12TH GRADE STUDENTS AN OPPORTUNTITY TO SUPPORT DIGITAL NEEDS OF CLIENTS; GAINING REAL WORLD EXPERIENCE WHILE EARNING AN INCOME AND LEARNING FROM PROFESSIONALS IN THE FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrin Hebert Director, President | OfficerTrustee | 1 | $0 |
Brad Von Bank Co-Founder | OfficerTrustee | 8 | $0 |
Kristin Pardue Co-Founder | Trustee | 4 | $0 |
Amy Von Walter Director | Trustee | 1 | $0 |
Buffy Smith Director | Trustee | 1 | $0 |
Janet Roller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,500 |
| Membership dues | $0 |
| Fundraising events | $4,030 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $274,245 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,775 |
| Total Program Service Revenue | $0 |
| Investment income | $24 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$10,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $322,206 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $236,381 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,254 |
| Payroll taxes | $17,589 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,505 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,694 |
| Advertising and promotion | $231 |
| Office expenses | $2,930 |
| Information technology | $16,938 |
| Royalties | $0 |
| Occupancy | $93,346 |
| Travel | $4,898 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,521 |
| Insurance | $4,370 |
| All other expenses | $0 |
| Total functional expenses | $417,886 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,088 |
| Savings and temporary cash investments | $959 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $955 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $33,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,040 |
| Total assets | $50,131 |
| Accounts payable and accrued expenses | $474 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $474 |
| Net assets without donor restrictions | $0 |
| 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 | $49,657 |
| Total liabilities and net assets/fund balances | $50,131 |