Arise Academy
- Assets
- $5.2m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 199
- Location
- New Orleans, LA
- Founding
- 09/2009
- Data as of
- 06/2022
- EIN
- 26-3240588
Organization Overview
Arise Academy is located in New Orleans, LA. The organization was established in 2009. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Arise Academy employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arise 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, Arise Academy generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $14.1m during the year ending 06/2022. While expenses have increased by 1.8% 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
TO IMPLEMENT AND OPERATE ONE OR MORE PUBLIC CHARTER SCHOOLS IN LOUISIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL EXPENSES INCURRED, FOR EXAMPLE, TEACHERS SALARIES AND CLASSROOM MATERIALS AND SUPPLIES FOR OPERATION OF BOTH ARISE ACADEMY AND MILDRED OSBOURNE CHARTER SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Anderson Treasurer/board Member | OfficerTrustee | 1 | $0 |
Nick Tringali Board Vice Chairman/academic Chair | OfficerTrustee | 1 | $0 |
Gary Kreigh Development Chair/board Member | Trustee | 1 | $0 |
Jarred Jupiter Board Member | Trustee | 1 | $0 |
Michael Wallace Board Chairman/finance Chair | OfficerTrustee | 1 | $0 |
John Williams Parent Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Genuine Food Lab Llc Student Meals | 6/29/22 | $463,563 |
Tasch Construction Construction | 6/29/22 | $398,715 |
Cmc Corporate Solutions Repairs & Maintenance | 6/29/22 | $188,506 |
Community Works Of Louisiana Inc After School Programming | 6/29/22 | $124,524 |
Enriched Schools Substitute Teachers | 6/29/22 | $148,322 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,356,726 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,435,594 |
| Total Program Service Revenue | $0 |
| Investment income | $1,430 |
| 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 | $13,569,711 |
| 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. | $430,008 |
| Compensation of current officers, directors, key employees. | $41,323 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,638,798 |
| Pension plan accruals and contributions | $234,896 |
| Other employee benefits | $764,774 |
| Payroll taxes | $528,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,779 |
| Fees for services: Accounting | $21,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,382,525 |
| Advertising and promotion | $3,273 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,082,207 |
| Travel | $28,154 |
| 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 | $16,278 |
| Insurance | $151,275 |
| All other expenses | $253,265 |
| Total functional expenses | $14,125,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,704,240 |
| Savings and temporary cash investments | $206,536 |
| Pledges and grants receivable | $3,211,558 |
| Accounts receivable, net | $16,721 |
| 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 | $44,252 |
| Net Land, buildings, and equipment | $50,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,233,636 |
| Accounts payable and accrued expenses | $1,314,844 |
| Grants payable | $0 |
| Deferred revenue | $112,077 |
| 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 | $1,354,085 |
| Total liabilities | $2,781,006 |
| Net assets without donor restrictions | $2,452,630 |
| 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 | $5,233,636 |