Renaissance Charter School Inc
- Assets
- $532.4m
- Revenue
- $305.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Lauderdale, FL
- Founding
- 06/2003
- Data as of
- 06/2020
- EIN
- 65-0864257
Organization Overview
Renaissance Charter School Inc is located in Fort Lauderdale, FL. The organization was established in 2003. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Renaissance Charter School Inc generated $305.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $316.7m during the year ending 06/2020. While expenses have increased by 5.7% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES THIRTY-SIX CHARTER SCHOOLS THAT SERVE STUDENTS FROM KINDERGARTEN THROUGH THE TWELFTH GRADE IN THE STATE OF FLORIDA AND OPERATE IN BROWARD, DUVAL, LEON, MIAMI-DADE, ORANGE, OSCEOLA, PALM BEACH, AND ST. LUCIE COUNTIES. THE SCHOOLS PROVIDE STUDENTS WITH THE NECESSARY TOOLS AND SKILLS NEEDED TO DEVELOP SUPERIOR LEVELS OF ACHIEVEMENT. THEY STRIVE FOR ACADEMIC, SOCIAL AND PHYSICAL EXCELLENCE BY PROVIDING A HIGH QUALITY, CHALLENGING CURRICULUM. THEY PROMOTE POSITIVE MORAL AND SOCIAL VALUES, FOSTER AN ATMOSPHERE OF SELF-DISCIPLINE IN A SAFE LEARNING ENVIRONMENT AND MAXIMIZE INDIVIDUAL PRODUCTIVITY TO MEET THE NEEDS OF A CHANGING GLOBAL SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION TO STUDENTS AT DUVAL CHARTER SCHOOL AT BAYMEADOWS.
PROVIDE EDUCATION TO STUDENTS AT RENAISSANCE CHARTER SCHOOL AT CORAL SPRINGS.
PROVIDE EDUCATION TO STUDENTS AT RENAISSANCE CHARTER SCHOOL AT UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Haiko Chairman | OfficerTrustee | 2 | $0 |
Thomas P Wheeler Treasurer | OfficerTrustee | 1 | $0 |
Dennis P Clark Vice-Chair/secretary | OfficerTrustee | 1 | $0 |
John O'brien Director | Trustee | 1 | $0 |
Billie Miller Director | Trustee | 1 | $0 |
Pat Smith Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Red Apple Development Llc Rent | 6/29/20 | $5,023,862 |
10jin Llc Database | 6/29/20 | $2,520,636 |
Progressus Therapy Llc Therapy Professsional Service | 6/29/20 | $3,097,463 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,807,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,892,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,700,110 |
| Total Program Service Revenue | $279,390,784 |
| Investment income | $998,818 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,393,557 |
| 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 | $126,358,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,815,174 |
| Payroll taxes | $9,522,045 |
| 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 | $34,858,869 |
| Advertising and promotion | $955,310 |
| Office expenses | $1,387,712 |
| Information technology | $3,993,494 |
| Royalties | $0 |
| Occupancy | $9,152,022 |
| Travel | $352,099 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,095,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,512,445 |
| Insurance | $3,070,739 |
| All other expenses | $9,286,098 |
| Total functional expenses | $316,714,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,722,229 |
| 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 | $1,115,348 |
| Net Land, buildings, and equipment | $428,552,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $61,027,590 |
| Total assets | $532,417,190 |
| Accounts payable and accrued expenses | $14,553,299 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $424,022,699 |
| 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 | $125,045,347 |
| Total liabilities | $563,621,345 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | -$31,204,155 |
| 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 | $532,417,190 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Renaissance Charter School Inc has recieved totaling $18,915.
| Awarding Organization | Amount |
|---|---|
Global Impact Alexandria, VA PURPOSE: DONOR ADVISED FUNDS | $13,255 |
Oneblood Inc Orlando, FL PURPOSE: SCHOLARSHIP | $5,660 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Renaissance Charter School Inc Fort Lauderdale, FL | $532,417,190 | $305,393,557 |
Chris-Tex Inc Pensacola, FL | $1,180,481,819 | $34,074,524 |
University Of Florida Investment Corporation Gainesville, FL | $4,733,245 | $5,617,451 |
Georgia Leadership Institute For School Improvement Inc Duluth, GA | $3,377,290 | $2,664,918 |
Emeriti Consortium For Retirement Health Solutions Miami, FL | $2,195,586 | $2,573,626 |
Tampa Bay Library Consortium Inc Tampa, FL | $1,424,005 | $2,075,760 |
Alabama A&m University Trust For Educational Excellence Normal, AL | $44,614,394 | $2,649,283 |
Career And Technical Education Consortium Of States Inc Decatur, GA | $3,522,235 | $1,465,512 |
Assistance Unlimited Real Estate Holdings Corp Lauderdale Lakes, FL | $9,041,618 | $1,496,364 |
Auburn University Real Estate Foundation Inc Auburn, AL | $6,805,640 | $484,275 |
Alliance Education Services Incorporated Sarasota, FL | $153,037 | $1,198,053 |
Teacher Prep Inspection-Us Inc Sarasota, FL | $310,482 | $812,086 |