Regeneration Schools
- Assets
- $3.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Chicago, IL
- Founding
- 10/2015
- Data as of
- 06/2021
- EIN
- 47-4287191
Organization Overview
Regeneration Schools is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2021, Regeneration Schools employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regeneration Schools 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, Regeneration Schools generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.9m during the year ending 06/2021. While expenses have increased by 16.5% 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
REGENERATION SCHOOLS IS A NON-PROFIT SCHOOL TURNAROUND ORGANIZATION THAT IS DEDICATED TO REVITALIZING FAILING SCHOOLS THROUGH A COLLEGE PREP AND CHARACTER MISSION. WE CURRENTLY MANAGE A NETWORK OF SCHOOLS IN CHICAGO, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGED A NETWORK OF SIX SCHOOLS ON THREE CICS CAMPUSES IN CHICAGO, ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Shells CEO | Officer | 40 | $305,068 |
Brandon Kimble Superintendent | Officer | 40 | $213,840 |
Lori Flood COO | Officer | 40 | $166,727 |
Lindsey Robinson Superintendent | Officer | 40 | $150,723 |
Elissa Klein Chief Of Staff | 40 | $127,386 | |
Abigail Joseph Director Of Talent | 40 | $111,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $949,706 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,706 |
| Total Program Service Revenue | $1,498,042 |
| Investment income | $444 |
| 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 | $2,448,192 |
| 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. | $850,861 |
| Compensation of current officers, directors, key employees. | $156,107 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,030 |
| Pension plan accruals and contributions | $15,287 |
| Other employee benefits | $143,277 |
| Payroll taxes | $80,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,491 |
| Fees for services: Accounting | $430,837 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,907 |
| Advertising and promotion | $32,327 |
| Office expenses | $15,439 |
| Information technology | $6,729 |
| Royalties | $0 |
| Occupancy | $17,478 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,970 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,648 |
| Insurance | $7,027 |
| All other expenses | $7,650 |
| Total functional expenses | $2,945,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,755 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,700,746 |
| 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 | $37,934 |
| Net Land, buildings, and equipment | $3,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,528,985 |
| Total assets | $3,849,908 |
| Accounts payable and accrued expenses | $192,748 |
| 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 | $1,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,345,559 |
| Total liabilities | $3,588,307 |
| Net assets without donor restrictions | $261,601 |
| 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 | $3,849,908 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Regeneration Schools has recieved totaling $484,622.
| Awarding Organization | Amount |
|---|---|
Accelerate Great Schools Cincinnati, OH PURPOSE: SEE PART IV | $484,622 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Indiana Educational Service Center Indianapolis, IN | $10,545,189 | $14,759,345 |
Maharishi Foundation Usa Inc Fairfield, IA | $13,469,857 | $14,517,484 |
Wisconsin Library Services Madison, WI | $3,399,343 | $10,812,527 |
American Theological Library Assoc Chicago, IL | $18,401,978 | $8,222,595 |
Center For Research Libraries Chicago, IL | $24,550,966 | $8,516,170 |
Wisconsin Manufacturing Extension Partnership Inc Madison, WI | $4,454,463 | $6,124,357 |
Chicago Public Education Fund Chicago, IL | $21,727,022 | $5,321,467 |
Kuali Foundation Inc Bloomington, IN | $3,569,859 | $4,499,882 |
National Association Of Charter School Authorizers Chicago, IL | $6,426,889 | $6,470,575 |
Regeneration Schools Chicago, IL | $3,849,908 | $2,448,192 |
La Porte Elementary School Building Corporation Laporte, IN | $128,469,529 | $7,375,015 |
Center For Innovative Education Solutions Inc Indianapolis, IN | $11,425,691 | $2,252,415 |