Reve Academy
- Assets
- $89.5k
- Revenue
- $299.8k
- Investments
- $0.0
- Employees
- 22
- Location
- Minneapolis, MN
- Founding
- 01/2012
- Data as of
- 12/2021
- EIN
- 27-4148333
Organization Overview
Reve Academy is located in Minneapolis, MN. The organization was established in 2012. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Reve Academy employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reve 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 12/2021, Reve Academy generated $299.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $365.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN INNOVATIVE OUT-OF-SCHOOL PROGRAM CREATING PATHWAYS TO DIGITAL CAREERS. REVE ACADEMY IS FOUNDED ON THE BELIEF THAT KIDS CAN LEAD US INTO THE (DIGITAL) FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVE ACADEMY EDU: RIGOROUS AND MARKET RELEVANT OUT-OF-SCHOOL PROGRAM THAT PROVIDES AN OPPORTUNITY DURING THE SCHOOL YEAR AND IN SUMMER FOR STUDENTS IN MIDDLE AND HIGH SCHOOL TO LEARN HIGHLY MARKETABLE DIGITAL SKILLS.
REVE ACADEMY SRB.: STUDENT RUN AGENCY PROVIDING STUDENTS AN OPPORTUNITY IN 10TH THROUGH 12TH GRADE TO SUPPORT DIGITAL NEEDS OF CLIENTS, GAINING REAL WORLD EXPERIENCE WHILE EARNING AN INCOME AND LEARNING FROM PROFESSIONALS IN THE FIELD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrin Hebert Director, President | OfficerTrustee | 1 | $0 |
Kristin Pardue Co-Founder | Trustee | 4 | $0 |
Brad Von Bank Co-Founder | Trustee | 8 | $0 |
Thong Nguyen Director | Trustee | 1 | $0 |
Mike Eyerly Director | Trustee | 1 | $0 |
Rotolu Adebiyi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,500 |
| Related organizations | $0 |
| Government grants | $91,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $312,379 |
| Total Program Service Revenue | $0 |
| Investment income | $959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$13,563 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $299,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,030 |
| 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 | $204,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,095 |
| Payroll taxes | $13,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $583 |
| Fees for services: Accounting | $3,911 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,239 |
| Advertising and promotion | $3,195 |
| Office expenses | $943 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,207 |
| Travel | $0 |
| 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 | $5,078 |
| Insurance | $3,562 |
| All other expenses | $1,658 |
| Total functional expenses | $365,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,244 |
| Savings and temporary cash investments | $514 |
| 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 | $955 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,040 |
| Total assets | $89,478 |
| Accounts payable and accrued expenses | $1,448 |
| 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 | $1,448 |
| Net assets without donor restrictions | $0 |
| 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 | $88,030 |
| Total liabilities and net assets/fund balances | $89,478 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Reve Academy has recieved totaling $210,000.
| Awarding Organization | Amount |
|---|---|
Firefly Scientists Foundation St Louis, MO PURPOSE: DIGITAL CAREERS SUMMER MENTORSHIP PROJECT | $125,000 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
The Richard M Schulze Family Foundation Minneapolis, MN PURPOSE: HUMAN SERVICES | $25,000 |
Ecmc Foundation Minneapolis, MN PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth And Shelter Services Inc Ames, IA | $20,702,397 | $24,039,614 |
The Link Minneapolis, MN | $6,613,404 | $13,474,275 |
Youth Emergency Services & Shelter Of Iowa Des Moines, IA | $0 | $217,505 |
Boys & Girls Club Fox Valley Inc Appleton, WI | $26,027,679 | $9,240,725 |
Nexus-Kindred Family Healing Plymouth, MN | $839,964 | $6,183,388 |
Youthlink Minneapolis, MN | $7,176,336 | $4,645,076 |
Pathfinders Milwaukee Inc Milwaukee, WI | $3,323,212 | $6,489,497 |
Face To Face Health & Counseling Service Inc St Paul, MN | $2,240,390 | $4,777,306 |
Alia St Paul, MN | $2,112,813 | $3,052,828 |
Youth Investment Foundation Medina, MN | $3,022,815 | $3,565,065 |
Ain Dah Yung Our Home Center St Paul, MN | $2,593,572 | $3,707,790 |
Positive Alternatives Inc Menomonie, WI | $2,331,040 | $3,405,392 |