Rise Preparatory Charter School Inc
- Assets
- $19.6m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 0
- Location
- East Point, GA
- Founding
- 06/2015
- Data as of
- 06/2022
- EIN
- 47-3433542
Organization Overview
Rise Preparatory Charter School Inc is located in East Point, GA. The organization was established in 2015. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Preparatory Charter School 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, Rise Preparatory Charter School Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 30.3% each year . All expenses for the organization totaled $12.6m during the year ending 06/2022. While expenses have increased by 37.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE RISE SCHOOLS IS TO PROVIDE A RIGOROUS AND HOLISTIC EDUCATION THAT DEVELOPS THE MINDS AND CHARACTER OF SCHOLARS TO BE CATALYSTS FOR SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE OUR SCHOLARS WITH THE TOOLS NECESSARY TO PERSEVERE THROUGH THE HARD WORK AND RECOGNIZE THEIR STRENGTHS IN THE PROCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathon Penn Board Member | Trustee | 2 | $0 |
Shelica Terry Board Member | Trustee | 2 | $0 |
James A Bush Board Member | Trustee | 2 | $0 |
Lara Sterling Board Chair | OfficerTrustee | 2 | $0 |
Jennifer Freeman Board Member | Trustee | 2 | $0 |
Desmond Hardy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,828,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,318 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,832,658 |
| Total Program Service Revenue | $0 |
| 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 | $10,832,658 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,830,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,720,273 |
| Payroll taxes | $99,831 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $85,946 |
| 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 | $1,427 |
| Advertising and promotion | $0 |
| Office expenses | $203,293 |
| Information technology | $187,518 |
| Royalties | $0 |
| Occupancy | $99,162 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $93,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $767,328 |
| Insurance | $113,813 |
| All other expenses | $859,789 |
| Total functional expenses | $12,621,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,436,769 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $472,252 |
| 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 | $4,725,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,936,507 |
| Total assets | $19,571,024 |
| Accounts payable and accrued expenses | $725,009 |
| 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 | $22,445,377 |
| Total liabilities | $23,170,386 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $6,590,142 |
| Paid-in or capital surplus, or land, building, or equipment fund | -$10,189,504 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,571,024 |