Renaissance Arts Academy
- Assets
- $12.1m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 73
- Location
- Los Angeles, CA
- Founding
- 01/2004
- Data as of
- 06/2022
- EIN
- 72-1550802
Organization Overview
Renaissance Arts Academy is located in Los Angeles, CA. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Renaissance Arts Academy employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Arts Academy 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 06/2022, Renaissance Arts Academy generated $8.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 8.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SCHOOL - EDUCATIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENAISSANCE ARTS ACADEMY OPERATES A PUBLIC CHARTER SCHOOL THAT PROVIDES EDUCATIONAL ACTIVITIES TO STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE.
RENAISSANCE ARTS ACADEMY OPERATES A PUBLIC CHARTER SCHOOL THAT PROVIDES EDUCATIONAL ACTIVITIES TO STUDENTS IN GRADES KINDERGARTEN THROUGH TWELVE.
THE SCHOOL OPERATES A CONSERVATORY PROGRAM IN WHICH THE STUDENTS OF THE SCHOOL RECEIVE TEN HOURS OF IN-SCHOOL AND TEN HOURS OF AFTER SCHOOL, TUITION-FREE PERFORMING ARTS INSTRUCTION EVERY WEEK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pk Candaux Executive Di | Officer | 60 | $187,489 |
Sidnie Gallegos Myrick Academic Dir | Officer | 60 | $187,489 |
Fabio Altenbach Academic Adv | 40 | $121,913 | |
Patrick Barrow Academic Adv | 40 | $105,201 | |
Jill Bowman Co-Chair | OfficerTrustee | 2 | $0 |
Roy Cervantes Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ta Los Angeles 2558 Sfr Lp Rents | 6/29/20 | $1,292,458 |
Ronald Piller Rent For School | 6/29/20 | $435,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,978,802 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,224,364 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,203,166 |
| Total Program Service Revenue | $0 |
| Investment income | $1,212 |
| 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 | $8,204,378 |
| 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. | $374,978 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,926,381 |
| Pension plan accruals and contributions | $46,568 |
| Other employee benefits | $586,449 |
| Payroll taxes | $296,356 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,871 |
| Fees for services: Accounting | $18,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $153,584 |
| Advertising and promotion | $1,650 |
| Office expenses | $31,917 |
| Information technology | $126 |
| Royalties | $0 |
| Occupancy | $955,260 |
| Travel | $123 |
| 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 | $142,259 |
| Insurance | $118,200 |
| All other expenses | $271,438 |
| Total functional expenses | $6,906,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,118,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,135,147 |
| 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 | $67,322 |
| Net Land, buildings, and equipment | $2,190,991 |
| Investments—publicly traded securities | $1,507,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,314 |
| Total assets | $12,148,785 |
| Accounts payable and accrued expenses | $487,056 |
| Grants payable | $0 |
| Deferred revenue | $612,642 |
| 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 | $0 |
| Total liabilities | $1,099,698 |
| Net assets without donor restrictions | $11,049,087 |
| 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 | $12,148,785 |