Royal Live Oaks Academy-Ridgeland
- Assets
- $22.8m
- Revenue
- $10.2m
- Investments
- $0.0
- Employees
- 107
- Location
- Hardeevile, SC
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 45-3046654
Organization Overview
Royal Live Oaks Academy-Ridgeland is located in Hardeevile, SC. The organization was established in 2014. 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, Royal Live Oaks Academy-Ridgeland employed 107 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Royal Live Oaks Academy-Ridgeland 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, Royal Live Oaks Academy-Ridgeland generated $10.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $10.1m during the year ending 06/2022. While expenses have increased by 4.7% 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
EVERY CHILD SHOULD TASTE SUCCESS; NO CHILD DESERVES TO FAIL! ROYAL LIVE OAKS ACADEMY ("RLOA") PROVIDES AN INDIVIDUALIZED, HANDS-ON, ENGAGED LEARNING ENVIRONMENT WHERE EVERY CHILD CAN ACQUIRE THE SECRETS TO SUCCESS FOR COLLEGE AND CAREERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROYAL LIVE OAKS ELEMENTARY WAS AWARDED THE GOLD SCHOOL OF DISTINCTION FOR OUTPERFORMING THE LOCAL SCHOOL DISTRICT AND DEMONSTRATING ABOVE AVERAGE GROWTH. THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN THE FOLLOWING AREAS: ELA BY 10.5 PERCENTAGE POINTS; MATH BY 13.7 PERCENTAGE POINTS; SCIENCE BY 15.8 PERCENTAGE POINTS.THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN ALL STUDENT GROWTH BY 56.9 PERCENTAGE POINTS AND THE STATE BY 38.2 PERCENTAGE POINTS.THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN GROWTH IN THE LOWEST PERFORMING 20% OF STUDENTS BY 43.9 PERCENTAGE POINTS AND THE STATE BY 32.8 PERCENTAGE POINTS.ROYAL LIVE OAKS MIDDLE SCHOOL WAS AWARDED THE PLATINUM SCHOOL OF DISTINCTION FOR OUTPERFORMING THE LOCAL SCHOOL DISTRICT AND DEMONSTRATING SIGNIFICANTLY ABOVE AVERAGE GROWTH. THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN THE FOLLOWING AREAS: ELA BY 13.4 PERCENTAGE POINTS; MATH BY 6.2 PERCENTAGE POINTS; SCIENCE BY 12.3 PERCENTAGE POINTS.THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN OVERALL STUDENT GROWTH BY 54.1 PERCENTAGE POINTS AND THE STATE BY 39.2 PERCENTAGE POINTS.THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN ALL STUDENTS BY 61.4 PERCENTAGE POINTS AND THE STATE BY 42.7 PERCENTAGE POINTS.THE SCHOOL OUTPERFORMED THE LOCAL SCHOOL DISTRICT IN GROWTH IN THE LOWEST PERFORMING 20% OF STUDENTS BY 46.9 PERCENTAGE POINTS AND THE STATE BY 35.8 PERCENTAGE POINTS. ROYAL LIVE OAKS HIGH SCHOOL RECEIVED THE BRONZE SCHOOL OF DISTINCTION FOR OUTPERFORMING THE LOCAL DISTRICT IN ENGLISH 2, ALGEBRA I, AND BIOLOGY. THE SCHOOL'S GRADUATION RATE INCREASED THIS YEAR TO 87.5%, WHICH IS 1.3% HIGHER THAN THE LOCAL SCHOOL DISTRICT AND 3.7% HIGHER THAN THE STATE.THESE SCORES ARE BASED ON TESTING COHORT-NOT GRADUATING COHORT. - ENGLISH 2: RLOA OUTPERFORMED THE LOCAL DISTRICT BY 30.7 PERCENTAGE POINTS. RLOA 70.0% C OR BETTER; LOCAL DISTRICT: 40.7% C OR BETTER. - ALGEBRA I: RLOA OUTPERFORMED THE LOCAL DISTRICT BY 14.3 PERCENTAGE POINTS. RLOA: 31% C OR BETTER; LOCAL DISTRICT: 16.7% C OR BETTER. - BIOLOGY: RLOA OUTPERFORMED THE LOCAL DISTRICT BY 26.3 PERCENTAGE POINTS. RLOA: 40.9% C OR BETTER; LOCAL DISTRICT: 14.6% C OR BETTER - US HISTORY: WAS NOT COUNTED SINCE IT WAS A FIELD TEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amleht Alston Board Member | Trustee | 1 | $0 |
Joan Roundtree Board Secretary | OfficerTrustee | 1 | $0 |
Karla Carrion Board Member | OfficerTrustee | 1 | $0 |
H Rob Mcbrayer DVM Board Chair | OfficerTrustee | 1 | $0 |
Eunice Spilliards Board Vice Chair | Trustee | 1 | $0 |
Lyn Boyles Tindal Board Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,647 |
| Related organizations | $0 |
| Government grants | $10,025,091 |
| All other contributions, gifts, grants, and similar amounts not included above | $34,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,072,941 |
| Total Program Service Revenue | $84,226 |
| Investment income | $1,021 |
| 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 | $10,158,188 |
| 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. | $198,517 |
| Compensation of current officers, directors, key employees. | $198,517 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,888,493 |
| Pension plan accruals and contributions | $987,512 |
| Other employee benefits | $495,244 |
| Payroll taxes | $383,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,882 |
| Fees for services: Accounting | $68,414 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $207,027 |
| Advertising and promotion | $1,018 |
| Office expenses | $41,903 |
| Information technology | $578,149 |
| Royalties | $0 |
| Occupancy | $298,336 |
| Travel | $40,089 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $433,749 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527,955 |
| Insurance | $103,491 |
| All other expenses | $48,925 |
| Total functional expenses | $10,122,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,322,991 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,127,235 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $19,295,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,172 |
| Total assets | $22,779,163 |
| Accounts payable and accrued expenses | $586,741 |
| Grants payable | $0 |
| Deferred revenue | $336,642 |
| 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 | $17,931,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,256 |
| Total liabilities | $18,858,669 |
| 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 | $3,920,494 |
| Total liabilities and net assets/fund balances | $22,779,163 |