Raising Expectations Inc
- Assets
- $456.3k
- Revenue
- $818.9k
- Investments
- $0.0
- Employees
- 47
- Location
- Atlanta, GA
- Founding
- 03/2001
- Data as of
- 06/2021
- 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 06/2021, Raising Expectations Inc employed 47 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 06/2021, Raising Expectations Inc generated $818.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $729.9k during the year ending 06/2021. While expenses have increased by 11.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISING EXPECTATIONS EMPOWERS YOUTH IN CRISIS BY ELEVATING ACADEMIC, SOCIAL AND CIVIC EXPECTATIONS TO FACILITATE HIGH SCHOOL GRADUATION AND POST-SECONDARY PLANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM #1 AND #2: PROJECT DREAM AND STEAMWARE PLEASE SEE THE ATTACHED THIRD-PARTY EVALUATION RAISING EXPECTATIONS 2020-2021 COVID RESPONSE REPORT WHICH DETAILS HOW AND WHAT THE ORGANIZATION OFFERED TO YOUTH AND FAMILIES TO HELP MITIGATE THE IMPACT OF COVID AND LEARNING LOSS.
PROGRAM #3: PROJECT DREAM AT AT PROMIS CENTER WEST & SOUTH RAISING EXPECTATIONS STRATEGIC PARTNER WITH THE ATLANTA POLICE FOUNDATION ALLOWED THE ORGANIZATION TO SERVE BOTH MIDDLE AND HIGH SCHOOL STUDENTS. RE SUPPORTED MORE THAN 45 YOUTH AND WITH DIRECT SERVICES AND ANOTHER 40 INDIRECTLY VIA SPECIAL COLLABORATIVE EFFORTS. STEAM BASED ACADEMIC ENRICHMENT ALONG ACADEMIC TUTORIALS AND MENTORSHIP WERE OFFERED BOTH DURING THE SCHOOL YEAR AND SUMMER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tangee Allen (ex-Officio) | OfficerTrustee | 40 | $65,642 |
Maria E Armstrong (ex-Officio) | OfficerTrustee | 40 | $63,479 |
Naima Judge Internal Affairs Chair | OfficerTrustee | 8 | $0 |
Tommy Lester External Affairs Chair | OfficerTrustee | 8 | $0 |
Lennox Defrietas Board Chair | OfficerTrustee | 8 | $0 |
Katherine Branch Vice Chair | OfficerTrustee | 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 | $753,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $753,176 |
| Total Program Service Revenue | $65,000 |
| 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 | $818,919 |
| 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. | $129,121 |
| Compensation of current officers, directors, key employees. | $27,632 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,928 |
| Payroll taxes | $33,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,977 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,325 |
| Office expenses | $9,097 |
| Information technology | $47,114 |
| Royalties | $0 |
| Occupancy | $22,941 |
| Travel | $403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,816 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,163 |
| Insurance | $9,127 |
| All other expenses | $10,562 |
| Total functional expenses | $729,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $422,766 |
| 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 | $6,140 |
| Net Land, buildings, and equipment | $24,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,500 |
| Total assets | $456,290 |
| Accounts payable and accrued expenses | $57,978 |
| 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 | $126,173 |
| Other liabilities | $0 |
| Total liabilities | $184,151 |
| Net assets without donor restrictions | $105,824 |
| Net assets with donor restrictions | $166,315 |
| 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 | $456,290 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Raising Expectations Inc has recieved totaling $198,661.
| Awarding Organization | Amount |
|---|---|
The Coca-Cola Foundation Inc Atlanta, GA PURPOSE: PROJECT DREAM AND PROJECT STEMWARE | $80,000 |
Atl Tr Atlanta, GA PURPOSE: FIGHTING INEQUALITY IMPACTING BLACK YOUTH | $55,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $45,330 |
National Football League Foundation New York, NY PURPOSE: NFL PLAYER MATCHING YOUTH/HIGH SCHOOL FOOTBALL GRANTS | $10,000 |
Atlanta Community Food Bank Inc Atlanta, GA PURPOSE: SEE PART IV | $6,502 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Project Access Foundation Inc Miami, FL | $8,531,083 | $32,893,719 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
Early Learning Coalition Of Floridas Heartland Inc Port Charlotte, FL | $2,212,537 | $18,405,437 |
Early Learning Coalition Of Okaloosa And Walton Counties Inc Shalimar, FL | $1,559,642 | $16,151,395 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Usf Financing Corporation Tampa, FL | $387,045,696 | $13,998,407 |
Drs Kiran & Pallavi Patel 2017 Foundation For Global Understandin Tampa, FL | $0 | -$8,161,100 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
A Gift For Teaching Inc Orlando, FL | $5,328,629 | $9,022,570 |
Ninja Academy Incorporated Hollywood, FL | $2,893,530 | $10,861,940 |