Raising Expectations Inc
- Assets
- $1.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 64
- Location
- Atlanta, GA
- Founding
- 03/2001
- Data as of
- 06/2023
- EIN
- 58-2395581
Organization Overview
Raising Expectations Inc is located in Atlanta, GA. The organization was established in 2001. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2023, Raising Expectations Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raising Expectations 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 06/2023, Raising Expectations Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $1.0m during the year ending 06/2023. While expenses have increased by 13.4% per year over the past 8 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
RAISING EXPECTATIONS EMPOWERS YOUTH IN CRISES BY ELEVATING ACADEMIC, SOCIAL AND CIVIC EXPECTATIONS TO FACILITE HIGH SCHOOL GRADUATION AND POST-SECONDARY PLANS THAT CAN BE ACTUALIZED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISING EXPECTATIONS OFFERED OVER 252 HOURS OF OUT OF SCHOOL TIME PROGRAMMING DURING THE SCHOOL YEAR WEEKLY PROGRAMS TO PROJECT DREAM (5TH=8TH GRADE)PARTICIPANTS AND 270 HOURS TO PROJECT STEMWARE (9TH-12TH GRADE)AND OVER 70 HOURS OF SOCIAL DISCOVERY FIELDTRIPS AND MENTORING THAT TOOK PLACE OVER THE WEEKEND. IN PROJECT STEMWARE, RAISING EXPECTATIONS HOSTED OVER 70 HOURS OF TIME SUPPORTING HIGH SCHOOL STUDENTS WITH MATH SKILLS. IN TOTAL, NEARLY 35% OF PROGRAMMING TIME WAS EXCLUSIVELY SPENT TUTORING STUDENTS IN EITHER MATH OR IN THEIR CURRENT COURSELOAD (EXCLUDING INFORMAL TUTORING SESSIONS BETWEEN STAFF/VOLUNTEERS AND STUDENTS.) 67% OF THOSE IN PROJECT STEMWARE WHO COMPLETED BOTH A PRE=AND POST ASSESSMENT DISPLAYED GROWTH IN THEIR MATH SKILLS. RAISING EXPECTATIONS SERVED 206 MIDDLE AND HIGH SCHOOL YOUTH FROM LOW-WEALTH HOUSEHOLDS THAT ATTEND TITLE 1 SCHOOLS. AFTER PARTICIPATING IN DIGITAL LITERACY COURSES AS A PART OF A GREATER INITIATIVE TO ENHANCE TECHNOLOCICAL SKILLS, 83% OF PROJECT DREAM SURVEY RESPONDENTS REPORTED FEELING CONFIDENT IN THEIR ABILITY TO DESIGN PRESENTATIONS ON A COMPUTER. RAISING EXPECTATIONS WRAP AROUND SUPPORT TO 15% OF FAMILIES THAT INCLUDED BUT WAS NOT LIMITED TO RENTAL AND UTILITY ASSISTANCE, HOUSING APPLICATIONS, FOOD NEEDS AND SECURING NECESSARY FURNITURE AND TRANSPORTATION NEEDS. EMPLOYED 42 RAISING EXPECTATIONS TEENS DURING THE YOUTHWORK SUMMAR PROGRAM WITH 900 HOURS OF CAREER,WORKPLACE SKILLS AND PERSONAL DEVELOPMENT WORKSHOPS AND EXPERIENCES. 8 SENIORS GRADUATED HIGH SCHOOL ON TIME AND WERE ACCEPTED AND ENROLLED INTO THE FOLLOWING POST-SECONDARY LEARNING INSTITUTIONS: GWINNETT TECHNICAL COLLEGE, ATLANTA TECHNICAL COLLEGE, AGNES SCOLL COLLEGE, GEORGIA STATE UNIVERSITY, ATLANTA METROPOLITAN COLLEGE AND SPELMAN COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heela Popal Board Director | Trustee | 8 | $0 |
Malcom Benson Board Director | Trustee | 8 | $0 |
Tammara Warren Board Director | Trustee | 8 | $0 |
Lennox Defreitas Board Chair | Trustee | 8 | $0 |
Lyric Mcghee Board Director | Trustee | 8 | $0 |
Justin Ward Governance Chair | Trustee | 8 | $0 |
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 | $1,119,949 |
| Noncash contributions included in lines 1a–1f | $28,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,119,949 |
| Total Program Service Revenue | $7,500 |
| Investment income | $4 |
| 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 | $1,156,197 |
| 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. | $130,121 |
| Compensation of current officers, directors, key employees. | $8,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $496,292 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,120 |
| Payroll taxes | $47,260 |
| 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 | $49,415 |
| Office expenses | $0 |
| Information technology | $27,835 |
| Royalties | $0 |
| Occupancy | $33,922 |
| Travel | $3,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,066 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,019 |
| Insurance | $12,087 |
| All other expenses | $27,317 |
| Total functional expenses | $1,035,156 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $406,838 |
| 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 | $6,879 |
| Net Land, buildings, and equipment | $475,369 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $1,240,626 |
| Accounts payable and accrued expenses | $92,319 |
| 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 | $495,451 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $587,770 |
| Net assets without donor restrictions | $266,713 |
| Net assets with donor restrictions | $386,143 |
| 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 | $1,240,626 |