Rise Preparatory Charter School Inc
- Assets
- $6.7m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 109
- Location
- East Point, GA
- Founding
- 06/2015
- Data as of
- 06/2021
- EIN
- 47-3433542
Organization Overview
Rise Preparatory Charter School Inc is located in East Point, GA. The organization was established in 2015. As of 06/2021, Rise Preparatory Charter School Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Preparatory Charter School 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, Rise Preparatory Charter School Inc generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $8.1m during the year ending 06/2021. While expenses have increased by 25.7% per year over the past 5 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
THE MISSION OF THE RISE SCHOOLS IS TO PROVIDE A RIGOROUS AND HOLISTIC EDUCATION THAT DEVELOPS THE MINDS AND CHARACTER OF SCHOLARS TO BE CATALYSTS FOR SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUR SCHOLARS WITH THE TOOLS NECESSARY TO PERSEVERE THROUGH THE HARD WORK AND RECOGNIZE THEIR STRENGTHS IN THE PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lara Sterling Secretary | OfficerTrustee | 2 | $0 |
Deandre Pickett Board Chair | OfficerTrustee | 2 | $0 |
Shelica Terry Board Member | Trustee | 2 | $0 |
James A Bush Board Member | Trustee | 2 | $0 |
Desmond Hardy Board Member | Trustee | 2 | $0 |
Jennifer Freeman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,921,825 |
| All other contributions, gifts, grants, and similar amounts not included above | $862,072 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,783,897 |
| Total Program Service Revenue | $430 |
| Investment income | $0 |
| 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 | $8,784,327 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,720,643 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $757,431 |
| Payroll taxes | $79,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,760 |
| 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 | $1,417 |
| Advertising and promotion | $0 |
| Office expenses | $153,842 |
| Information technology | $250,687 |
| Royalties | $0 |
| Occupancy | $99,262 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,909 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $841,327 |
| Insurance | $91,293 |
| All other expenses | $365,440 |
| Total functional expenses | $8,085,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,256 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,240,603 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,761,453 |
| Total assets | $6,684,312 |
| Accounts payable and accrued expenses | $94,785 |
| 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 | $6,423,987 |
| Total liabilities | $6,518,772 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$1,731,594 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,897,134 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,684,312 |
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