Renaissance Technical Institute Inc
- Assets
- $120.7k
- Revenue
- $343.8k
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 02/2015
- Data as of
- 06/2020
- EIN
- 47-2048750
Organization Overview
Renaissance Technical Institute Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2020, Renaissance Technical Institute Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renaissance Technical Institute 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 06/2020, Renaissance Technical Institute Inc generated $343.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $261.7k during the year ending 06/2020. While expenses have increased by 32.9% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
RENAISSANCE TECHNICAL INSTITUTE (RTI) SUPPORTS AT-RISK YOUTH OR THOSE WHO HAVE WITHDRAWN FROM TRADITIONAL HIGH SCHOOL BY PROVIDING FREE VOCATIONAL TRAINING, WITH A FOCUS ON ENVIRONMENTAL SUSTAINABILITY, TO EMPOWER OUR STUDENTS TO BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Hiraldo Executive Director | Officer | 40 | $86,154 |
Alfred Mirambeaux Chairman | OfficerTrustee | 10 | $0 |
Kenia Amparo Secretary | OfficerTrustee | 101 | $0 |
Bernice Diaz Treasurer | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $343,820 |
| Investment income | $0 |
| 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 | $343,820 |
| Statement of Expenses | |
|---|---|
| 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. | $86,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $421 |
| Office expenses | $2,429 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,376 |
| 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 | $12,562 |
| Insurance | $19,210 |
| All other expenses | $0 |
| Total functional expenses | $261,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,747 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,196 |
| Total assets | $120,689 |
| Accounts payable and accrued expenses | $37,740 |
| 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 | $10,459 |
| Other liabilities | $0 |
| Total liabilities | $48,199 |
| 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 |
| Total liabilities and net assets/fund balances | $72,490 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Renaissance Technical Institute Inc has recieved totaling $21.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pennsylvania College Of Health Sciences Lancaster, PA | $80,772,993 | $33,230,495 |
Cardinal Cushing Centers Inc Hanover, MA | $37,067,888 | $40,935,356 |
Ort America Inc New York, NY | $29,293,739 | $16,000,497 |
Brooklyn Excelsior Charter School Brooklyn, NY | $823,096 | $13,395,974 |
Williamson College Of The Trades Media, PA | $207,934,843 | $21,643,146 |
O S Johnson School Of Technology Scranton, PA | $30,244,832 | $14,495,079 |
All Our Kin Inc New Haven, CT | $6,225,964 | $7,705,066 |
Laborers District Cncl Of The Metro Area Of Philadelhia & Vicinity Exton, PA | $71,995,191 | $16,510,639 |
Philadelphia Technician Training Inc Philadelphia, PA | $9,117,106 | $11,028,900 |
Mason Tenders Training Fund Long Island City, NY | $44,024,998 | $3,801,436 |
North Bennet Street School Boston, MA | $57,772,831 | $8,454,312 |
Charter-Tech High School For The Performing Arts Inc Somers Point, NJ | $10,253,645 | $8,290,315 |