Redwood Cooperative School
- Assets
- $6.3m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 51
- Location
- Lexington, KY
- Founding
- 11/2016
- Data as of
- 07/2024
- EIN
- 47-3474333
Organization Overview
Redwood Cooperative School is located in Lexington, KY. The organization was established in 2016. 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 07/2024, Redwood Cooperative School employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redwood Cooperative 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 07/2024, Redwood Cooperative School generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $2.5m during the year ending 07/2024. While expenses have increased by 14.8% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION PRESCHOOL THROUGH EIGHT GRADE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PRESCHOOL TO EIGHT GRADE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Cummings Head Of School | 40 | $152,242 | |
Alicia Vance Trustee | OfficerTrustee | 4 | $66,837 |
Kelly Taylor Chairman | OfficerTrustee | 4 | $0 |
Chaka Cummings Secretary | OfficerTrustee | 4 | $0 |
Amanda Gumbert Vice President | OfficerTrustee | 4 | $0 |
Sara Dawson Treasurer | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $404,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $419,836 |
| Total Program Service Revenue | $2,100,589 |
| Investment income | $2,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,581,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $214,323 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,078 |
| Compensation of current officers, directors, key employees. | $219,078 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,419,118 |
| Pension plan accruals and contributions | $26,894 |
| Other employee benefits | $44,067 |
| Payroll taxes | $126,295 |
| Fees for services: Management | $4,974 |
| Fees for services: Legal | $10,000 |
| Fees for services: Accounting | $2,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,110 |
| Office expenses | $17,850 |
| Information technology | $8,899 |
| Royalties | $0 |
| Occupancy | $48,201 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,947 |
| Insurance | $26,467 |
| All other expenses | $13,069 |
| Total functional expenses | $2,497,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,627 |
| Savings and temporary cash investments | $70,608 |
| Pledges and grants receivable | $69,865 |
| 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 | $6,004,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,272,324 |
| Accounts payable and accrued expenses | $36,673 |
| 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 | $3,982,245 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,018,918 |
| Net assets without donor restrictions | $1,878,364 |
| Net assets with donor restrictions | $375,042 |
| 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 | $6,272,324 |