Republic Schools Inc
- Assets
- $21.9m
- Revenue
- $22.9m
- Investments
- $0.0
- Employees
- 250
- Location
- Jackson, MS
- Founding
- 10/2014
- Data as of
- 06/2022
- EIN
- 46-5280479
Organization Overview
Republic Schools Inc is located in Jackson, MS. The organization was established in 2014. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Republic Schools Inc employed 250 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Republic Schools Inc 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, Republic Schools Inc generated $22.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $22.1m during the year ending 06/2022. While expenses have increased by 30.8% 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 EDUCATE STUDENTS AND BUILD THE ACADEMIC AND CHARACTER FOUNDATION NECESSARY FOR SUCCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE, SUPPORT, AND MANAGE CHARTER SCHOOLS IN THE SOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drake Jarman Board Member | Trustee | 2 | $0 |
Miranda Christy Secretary | OfficerTrustee | 2 | $0 |
Wood Caldwell Treasurer | OfficerTrustee | 2 | $0 |
Diarese George Board Member | Trustee | 2 | $0 |
Julia Hanks Board Member | Trustee | 2 | $0 |
Annette Green Board Member At Large | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cline Tours Inc Transportation | 6/29/22 | $2,142,733 |
Carraway Construction General Construction Services | 6/29/22 | $1,507,626 |
Sla Management Food Service | 6/29/22 | $841,802 |
Dean And Dean Associates Architects | 6/29/22 | $309,305 |
Jani King Of Jackson Janitorial Service | 6/29/22 | $298,915 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,839,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $372,581 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,212,104 |
| Total Program Service Revenue | $1,652,029 |
| Investment income | $6,222 |
| 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 | $22,870,355 |
| 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. | $549,379 |
| Compensation of current officers, directors, key employees. | $190,845 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,029,975 |
| Pension plan accruals and contributions | $311,707 |
| Other employee benefits | $1,198,055 |
| Payroll taxes | $698,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,313 |
| Fees for services: Accounting | $73,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,352,383 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $716,311 |
| Travel | $701,367 |
| 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 | $923,809 |
| Insurance | $265,317 |
| All other expenses | $969,658 |
| Total functional expenses | $22,066,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,414,907 |
| Savings and temporary cash investments | $3,787,977 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,474,100 |
| 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 | $43,869 |
| Net Land, buildings, and equipment | $12,103,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,972 |
| Total assets | $21,948,010 |
| Accounts payable and accrued expenses | $3,470,960 |
| Grants payable | $0 |
| Deferred revenue | $581,789 |
| 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 | $6,138,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $311,568 |
| Total liabilities | $10,502,317 |
| Net assets without donor restrictions | $11,445,693 |
| 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 | $21,948,010 |