Restore Education
- Assets
- $4.3m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 74
- Location
- San Antonio, TX
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 26-2966263
Organization Overview
Restore Education is located in San Antonio, TX. The organization was established in 2012. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 12/2023, Restore Education employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restore Education 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 12/2023, Restore Education generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 35.0% each year . All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 38.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RESTORE EDUCATION'S MISSION IS TO RESTORE INDIVIDUALS POTENTIAL FOR SUCCESS ON THEIR PATH TO COLLEGE AND CAREER THROUGH THE TRANSFORMATIVE POWER OF EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PASSPORT PROGRAM: PROVIDES AT-RISK, INNER-CITY YOUTH (THOSE WHO ARE ECONOMICALLY DISADVANTAGED, TEEN PARENTS, OR FOSTER YOUTH) AND ADULTS WHO HAVE DROPPED OUT OF HIGH SCHOOL WITH AN OPPORTUNITY TO EARN THEIR HIGH SCHOOL EQUIVALENCY (HSE) CREDENTIAL AND PREPARE FOR COLLEGE AND CAREERS SIMULTANEOUSLY. STUDENTS ARE PROVIDED WITH FREE, ENRICHED PREPARATION FOR THEIR HSE, INCLUDING COLLEGE TEST PREPARATION, COMPREHENSIVE COLLEGE AND WORKFORCE TRAINING SERVICES, AND WRAP-AROUND SOCIAL SUPPORT SERVICES. IN 2023, 2,013 STUDENTS WERE PLACED ON A PATH TO SELF-SUFFICIENCY.
COMPASS PROGRAM: PROVIDES HSE GRADUATES AND FIRST GENERATION COLLEGE STUDENTS WITH ON-GOING SUPPORT AND GUIDANCE AS THEY COMPLETE THEIR 2 AND 4 YEAR DEGREES AT LOCAL COLLEGES. THESE STUDENTS HAVE ACCESS TO A PERSONAL MENTOR DEDICATED TO THEIR SUCCESS AS WELL AS A DESIGNATED AREA LOCATED NEXT TO THE COLLEGE CAMPUS STAFFED WITH TUTORS AND EQUIPPED WITH LAPTOPS AND TEXTBOOKS. IN 2023, 87 STUDENTS WERE SUPPORTED BY THE COMPASS PROGRAM AS THEY PERSISTED TOWARDS GRADUATION.
FAST PATH PROGRAM: OFFERS LOW-INCOME HIGH SCHOOL STUDENTS WITH FREE STANDARDIZED TEST PREPARATION WORKSHOPS AND TUTORING TO PREPARE THEM FOR DUAL CREDIT COURSES AND COLLEGE ENROLLMENT. IN 2023, THE FAST PASS PROGRAM PROVIDED VARIOUS WORKSHOPS TO 448 STUDENTS IN SOUTH TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Rhodes President & CEO | Officer | 40 | $128,708 |
Kerri Rhodes Chief Prog. Ofc | Officer | 40 | $109,915 |
Ric Jimenez Chairman | OfficerTrustee | 2 | $0 |
Mahlon Long CPA Vice Chair | OfficerTrustee | 2 | $0 |
Alexandra Wood MBA Treasurer | OfficerTrustee | 2 | $0 |
Dawn Patrice Benitez PHD MBA Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $310,444 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,665,294 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,722,569 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,698,307 |
| Total Program Service Revenue | $548,600 |
| Investment income | $29,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,853 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,498,050 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $860,436 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $238,623 |
| Compensation of current officers, directors, key employees. | $11,931 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,072,906 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $155,406 |
| Payroll taxes | $190,579 |
| 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 | $926,103 |
| Advertising and promotion | $22,917 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,173 |
| Travel | $20,615 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,042 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $283,519 |
| Insurance | $15,907 |
| All other expenses | $140,785 |
| Total functional expenses | $6,390,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,924 |
| Savings and temporary cash investments | $1,606,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,307,289 |
| 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 | $220,887 |
| Investments—publicly traded securities | $14,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $602,173 |
| Total assets | $4,318,738 |
| Accounts payable and accrued expenses | $171,528 |
| 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 | $456,574 |
| Total liabilities | $628,102 |
| Net assets without donor restrictions | $2,937,520 |
| Net assets with donor restrictions | $753,116 |
| 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 | $4,318,738 |