Rainier Valley Leadership Academy
- Assets
- $12.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 57
- Location
- Seattle, WA
- Founding
- 06/2014
- Data as of
- 08/2023
- EIN
- 46-4128856
Organization Overview
Rainier Valley Leadership Academy is located in Seattle, WA. 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 08/2023, Rainier Valley Leadership Academy employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rainier Valley Leadership 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 08/2023, Rainier Valley Leadership Academy generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $6.2m during the year ending 08/2023. While expenses have increased by 3.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE CHARTER SCHOOLS WITHIN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR ENDED AUGUST 31, 2023, THE SCHOOL ENSURED THAT EVERY STUDENT HAD A HIGHLY EFFECTIVE CLASSROOM EXPERIENCE BY PROVIDING, SAFE PERSONALIZED CLASSES, HIGH EXPECTATIONS FOR ALL STUDENTS, LOCAL CONTROL AND ACCOUNTABILITY, PARENT PARTICIPATION, MAXIMUM FUNDING IN THE CLASSROOM, AND A LONGER SCHOOL DAY AND YEAR. THE SCHOOL IS COMMITTED TO CHANGING THE LANDSCAPE OF PUBLIC EDUCATION SO THAT ALL STUDENTS WHO GRADUATE ARE PREPARED FOR COLLEGE, LEADERSHIP, AND LIFE. THE SCHOOL IS FULFILLING IT'S MISSION BY RUNNING A HIGH-ACHIEVING PUBLIC CHARTER SCHOOL THAT IS FOCUSED ON GRADUATING STUDENTS AND FULLY PREPARING THEM FOR COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reco Bembry Board Co-Chairperson | OfficerTrustee | 1 | $0 |
Tyson Marsh Board Co-Chairperson | OfficerTrustee | 1 | $0 |
Jeff Thiel Member | Trustee | 1 | $0 |
Vivian Hsu Member | Trustee | 1 | $0 |
Carol Peoples Member | Trustee | 1 | $0 |
Maryam Mason Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wa Charter School Development Rent | 8/30/21 | $516,230 |
Pcsd Tacoma Facilities Ii Llc Rent | 8/30/21 | $355,288 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,177,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,792,253 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,969,872 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,094 |
| 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 | $5,980,966 |
| 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. | $435,939 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,318,322 |
| Pension plan accruals and contributions | $310,952 |
| Other employee benefits | $569,468 |
| Payroll taxes | $0 |
| Fees for services: Management | $217,197 |
| Fees for services: Legal | $5,989 |
| Fees for services: Accounting | $43,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $546,629 |
| Advertising and promotion | $0 |
| Office expenses | $7,572 |
| Information technology | $107,183 |
| Royalties | $0 |
| Occupancy | $588,090 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $152,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424,853 |
| Insurance | $54,815 |
| All other expenses | $34,517 |
| Total functional expenses | $6,241,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,705,490 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,731 |
| 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 | $193,470 |
| Net Land, buildings, and equipment | $9,125,113 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $871,375 |
| Total assets | $12,072,179 |
| Accounts payable and accrued expenses | $161,516 |
| Grants payable | $0 |
| Deferred revenue | $1,296,066 |
| 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 | $10,480,240 |
| Total liabilities | $11,937,822 |
| Net assets without donor restrictions | $134,357 |
| 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 | $12,072,179 |