Renaissance Education Group Inc
- Assets
- $556.6k
- Revenue
- $891.1k
- Investments
- $0.0
- Employees
- 9
- Location
- Durham, NC
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-4278267
Organization Overview
Renaissance Education Group Inc is located in Durham, NC. The organization was established in 2006. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Renaissance Education Group Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Education Group 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 12/2022, Renaissance Education Group Inc generated $891.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $946.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 years. 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
TO PROVIDE EDUCATIONAL PROGRAMS AND SERVICES TO AT-RISK, UNDERSERVED, AND DISADVANTAGED YOUTH, THEIR FAMILIES, AND ORGANIZATIONS AND INSTITUTIONS THAT WORK WITH THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UPWARD BOUND PROGRAM PROVIDES FUNDAMENTAL SUPPORT TO PARTICIPANTS IN THEIR PREPARATION FOR COLLEGE ENTRANCE. THE PROGRAM PROVIDES OPPORTUNITIES FOR PARTICIPANTS TO SUCCEED IN THEIR PRE-COLLEGE PERFORMANCE AND ULTIMATELY IN THEIR HIGHER EDUCATION PURSUITS. PROGRAM SERVICES AND ACTIVITIES INCLUDE: ACADEMIC TUTORING, EDUCATION AND COUNSELING SERVICES, ASSISTANCE IN COMPLETING COLLEGE ENTRANCE EXAMINATIONS AND APPLICATIONS, INFORMATION ON FEDERAL STUDENT FINANCIAL AID PROGRAMS AND BENEFITS, EXPOSURE TO CULTURAL EVENTS AND OTHER ACADEMIC PROGRAMS, AND SUMMER PROGRAMS.
THE TRIO TRAINING PROJECT SUPPORTS THE NEEDS OF STAFF WORKING IN OR PREPARING TO WORK IN TRIO PROGRAMS. THE TRAINING PROGRAM FOR FEDERAL TRIO PROGRAMS (TRAINING PROGRAM) IS DESIGNED TO ASSIST TRIO PERSONNEL IN IMPROVING THE OPERATION AND SUCCESS OF A FEDERALLY FUNDED TRIO PROJECT. THE TRAINING PROJECT PROVIDES PROFESSIONAL DEVELOPMENT FOR TRIO STAFF THROUGH SEMINARS, WORKSHOPS, ONLINE WEBINARS AND OTHER TRAINING ACTIVITIES. TRAINING IS PROVIDED FOR ALL LEVELS OF PERSONNEL WHO WORK WITH ONE OR MORE DIRECT SERVICE TRIO PROGRAMS.
THE TALENT SEARCH PROGRAM IDENTIFIES AND ASSISTS INDIVIDUALS FROM DISADVANTAGED BACKGROUNDS WHO HAVE THE POTENTIAL TO SUCCEED IN THEIR HIGHER EDUCATION. THE PROGRAM AIMS TO INCREASE THE NUMBER OF INDIVIDUALS WHO COMPLETE HIGH SCHOOL AND ENROLL IN AND COMPLETE POSTSECONDARY EDUCATION. SERVICES PROVIDED BY THE PROGRAM INCLUDE: ACADEMIC, FINANCIAL, CAREER, OR PERSONAL COUNSELING INCLUDING ADVICE ON ENTRY OR RE-ENTRY TO SECONDARY OR POSTSECONDARY PROGRAMS, CAREER EXPLORATION AND APTITUDE ASSESSMENT, TUTORIAL SERVICES, INFORMATION ON POSTSECONDARY EDUCATION AND EXPOSURE TO COLLEGE CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kenneth Mitchell Executive Director | OfficerTrustee | 40 | $259,253 |
Dr Jerome Offord Jr Board Chair | OfficerTrustee | 1 | $0 |
Dr Frances Curtis Board Member | Trustee | 1 | $0 |
Mr Kenneth Mccants-Pearsall Secretary | OfficerTrustee | 1 | $0 |
Mrs Arjonetta Gilliard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $891,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $891,064 |
| Total Program Service Revenue | $0 |
| 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 | $891,066 |
| 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. | $281,014 |
| Compensation of current officers, directors, key employees. | $8,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $166,424 |
| Pension plan accruals and contributions | $4,343 |
| Other employee benefits | $19,979 |
| Payroll taxes | $22,576 |
| 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 | $25,140 |
| Advertising and promotion | $0 |
| Office expenses | $46,187 |
| Information technology | $32,923 |
| Royalties | $0 |
| Occupancy | $59,116 |
| Travel | $90,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,700 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $33 |
| Total functional expenses | $946,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $104,393 |
| Accounts receivable, net | -$156 |
| 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 | $1,166 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,555 |
| Accounts payable and accrued expenses | $620,697 |
| 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 | $0 |
| Total liabilities | $620,697 |
| Net assets without donor restrictions | -$64,142 |
| 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 | $556,555 |