Regeneration Schools
- Assets
- $4.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 51
- Location
- Chicago, IL
- Founding
- 10/2015
- Data as of
- 06/2023
- EIN
- 47-4287191
Organization Overview
Regeneration Schools is located in Chicago, IL. The organization was established in 2015. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2023, Regeneration Schools employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regeneration Schools 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 06/2023, Regeneration Schools generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.9m during the year ending 06/2023. While expenses have increased by 11.5% 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
REGENERATION SCHOOLS IS A NON-PROFIT SCHOOL TURNAROUND ORGANIZATION THAT IS DEDICATED TO REVITALIZING FAILING SCHOOLS THROUGH A COLLEGE PREP AND CHARACTER MISSION. WE CURRENTLY MANAGE A NETWORK OF SCHOOLS IN CHICAGO, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGED A NETWORK OF SIX SCHOOLS ON THREE CICS CAMPUSES IN CHICAGO, ILLINOIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Anderson Chairperson | OfficerTrustee | 5 | $0 |
Richard Tolliver Board Member | Trustee | 2 | $0 |
Susan Asiyanbi Board Member | Trustee | 2 | $0 |
Stacey Shells Harvey CEO | Officer | 40 | $303,627 |
Lori Flood COO | Officer | 40 | $166,181 |
Lindsey Robinson Associate Superintendent | Officer | 40 | $173,132 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charter School Business Management Financial Services | 6/29/23 | $411,794 |
Rik Consulting Services Consulting Services | 6/29/23 | $184,234 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $727,692 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $727,692 |
| Total Program Service Revenue | $2,387,447 |
| Investment income | $19 |
| 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 | $3,115,158 |
| 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. | $877,085 |
| Compensation of current officers, directors, key employees. | $235,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $552,282 |
| Pension plan accruals and contributions | $13,458 |
| Other employee benefits | $28,687 |
| Payroll taxes | $135,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $176,359 |
| Fees for services: Accounting | $64,761 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,279 |
| Advertising and promotion | $61,336 |
| Office expenses | $57,170 |
| Information technology | $3,539 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $213,197 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $806 |
| Insurance | $4,668 |
| All other expenses | $30,644 |
| Total functional expenses | $2,942,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,708 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,550,548 |
| 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 | $31,129 |
| Net Land, buildings, and equipment | $1,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,267,472 |
| Total assets | $4,453,891 |
| Accounts payable and accrued expenses | $817,036 |
| 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 | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,817,036 |
| Net assets without donor restrictions | $2,636,855 |
| 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 | $4,453,891 |