Republic Schools Inc
- Assets
- $19.5m
- Revenue
- $21.0m
- Investments
- $0.0
- Employees
- 219
- Location
- Jackson, MS
- Founding
- 10/2014
- Data as of
- 06/2021
- EIN
- 46-5280479
Organization Overview
Republic Schools Inc is located in Jackson, MS. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Republic Schools Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Republic Schools Inc 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 06/2021, Republic Schools Inc generated $21.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $16.2m during the year ending 06/2021. While expenses have increased by 29.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE STUDENTS AND BUILD THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE, SUPPORT, AND MANAGE CHARTER SCHOOLS IN THE SOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Rybka Execuitve Director | Officer | 40 | $212,929 |
Glenn Turtel Chief Financial Officer | Officer | 40 | $192,660 |
Kevin Heffel Chief Academic Officer | Trustee | 40 | $180,444 |
Katherine Poulos Chief Operating Officer | Officer | 40 | $115,679 |
Ashley Davis Gallimore Chief Talent Officer | Trustee | 40 | $111,701 |
Charles Stanley Ms Regional Director | Trustee | 40 | $102,245 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brenda Hayes-williams Special Ed Consulting | 6/29/21 | $171,335 |
Sla Management Food Service | 6/29/21 | $491,636 |
Technology Lab Technology Support | 6/29/21 | $348,602 |
Cline Tours Inc Transportation | 6/29/21 | $174,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,795,580 |
| All other contributions, gifts, grants, and similar amounts not included above | $578,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,373,822 |
| Total Program Service Revenue | $1,597,413 |
| Investment income | $17,338 |
| 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 | $20,988,573 |
| 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. | $887,154 |
| Compensation of current officers, directors, key employees. | $463,134 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,330,509 |
| Pension plan accruals and contributions | $305,757 |
| Other employee benefits | $1,034,050 |
| Payroll taxes | $603,008 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $892,241 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $726,588 |
| Travel | $232,095 |
| 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 | $890,298 |
| Insurance | $224,314 |
| All other expenses | $274,174 |
| Total functional expenses | $16,152,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,864,388 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $341,328 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,664 |
| Net Land, buildings, and equipment | $10,006,726 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $267,835 |
| Total assets | $19,525,941 |
| Accounts payable and accrued expenses | $2,282,515 |
| Grants payable | $0 |
| Deferred revenue | $263,699 |
| 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 | $6,138,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,000 |
| Total liabilities | $8,884,214 |
| Net assets without donor restrictions | $10,641,727 |
| 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 | $19,525,941 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Republic Schools Inc has recieved totaling $8,171.
| Awarding Organization | Amount |
|---|---|
Charter Fund Inc Broomfield, CO PURPOSE: EMERGENCY RELIEF | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $171 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Isidore Newman School New Orleans, LA | $70,350,338 | $38,233,388 |
Harpeth Hall School Nashville, TN | $137,432,520 | $30,321,842 |
Lafayette Charter Foundation Inc Lafayette, LA | $33,304,298 | $27,089,084 |
Briarcrest Christian School System Inc Eads, TN | $78,736,956 | $26,903,624 |
Webb School Of Knoxville Knoxville, TN | $127,416,223 | $27,386,395 |
St Andrews Episcopal Day School Ridgeland, MS | $52,744,561 | $21,848,702 |
St Marys Episcopal School Memphis, TN | $88,473,090 | $24,143,990 |
Hutchison School Memphis, TN | $51,078,822 | $24,021,872 |
Girls Preparatory School Inc Chattanooga, TN | $62,392,596 | $20,905,031 |
Chattanooga Christian School Inc Chattanooga, TN | $39,588,264 | $28,778,416 |
Little Rock Christian Academy Inc Little Rock, AR | $58,679,923 | $27,913,353 |
Kipp Delta Inc Helena, AR | $23,299,418 | $20,055,239 |