East Waco Innovative School Development Inc
- Assets
- $12.7m
- Revenue
- $12.8m
- Investments
- $764.4k
- Employees
- 234
- Location
- Waco, TX
- Founding
- 02/1997
- Data as of
- 08/2023
- EIN
- 74-2798827
Organization Overview
East Waco Innovative School Development Inc, operating under the name Rapoport Academy Public School, is located in Waco, TX. The organization was established in 1997. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 08/2023, Rapoport Academy Public School employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rapoport Academy Public School 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 08/2023, Rapoport Academy Public School generated $12.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $13.4m during the year ending 08/2023. While expenses have increased by 8.1% 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
RAPOPORT ACADEMY IS A FREE PUBLIC CHARTER SCHOOL SERVING GRADES PK-12. IT FOCUSES ON SERVING ECONOMICALLY DISADVANTAGED STUDENTS BY PROVIDING AN EXCEPTIONAL EDUCATION THAT PREPARES ALL STUDENTS FOR COLLEGE, CAREER, AND LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAPOPORT ACADEMY PUBLIC SCHOOL FOSTERS LEARNING THAT EXCEEDS NATIONAL AND STATE STANDARDS THROUGH RIGOROUS ACADEMICS, EVIDENCE-BASED PRACTICES, AND REAL-WORLD EXPERIENCES. WE PREPARE STUDENTS FOR COLLEGE, CAREER, AND LIFE BY SETTING HIGH EXPECTATIONS, MODELING CORE VALUES, AND INVOLVING FAMILY AND COMMUNITY.AS A PREMIER EDUCATIONAL MODEL, WE WILL CONTINUE INNOVATING BEST PRACTICES TO ENSURE STUDENTS DEVELOP CONFIDENCE, CHARACTER, KNOWLEDGE, AND SKILLS TO REACH THEIR FULL POTENTIAL, DISCOVER THEIR PASSIONS, EMBRACE DIVERSITY, AND BECOME INDEPENDENT THINKERS. IN 2022-2023, RAPOPORT ACADEMY SERVED OVER 829 STUDENTS ON THREE CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emilie Cunningham President | OfficerTrustee | 2 | $0 |
Rochonda Farmer-Neal Vice President | OfficerTrustee | 2 | $0 |
Rachel Pate Secretary | OfficerTrustee | 2 | $0 |
Grady Crowson Treasurer | OfficerTrustee | 2 | $0 |
Nelson Castro Board Member (thru 12/22) | Trustee | 2 | $0 |
Ellen Filgo Board Member (thru 05/23) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,532,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,671 |
| Noncash contributions included in lines 1a–1f | $563,476 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,604,521 |
| Total Program Service Revenue | $155,991 |
| Investment income | $50,919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,040 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,817,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,242 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $344,658 |
| Compensation of current officers, directors, key employees. | $344,658 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,492,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $721,944 |
| Payroll taxes | $112,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,406 |
| Fees for services: Accounting | $59,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $596,535 |
| Advertising and promotion | $0 |
| Office expenses | $828,884 |
| Information technology | $244,209 |
| Royalties | $0 |
| Occupancy | $1,392,691 |
| Travel | $70,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,719 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $502,228 |
| Insurance | $127,930 |
| All other expenses | $0 |
| Total functional expenses | $13,424,191 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,086 |
| Savings and temporary cash investments | $2,411,348 |
| Pledges and grants receivable | $1,411,870 |
| Accounts receivable, net | $12,303 |
| 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 | $5,907,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $764,373 |
| Investments—program-related | $0 |
| Intangible assets | $1,824,571 |
| Other assets | $152,165 |
| Total assets | $12,715,770 |
| Accounts payable and accrued expenses | $1,002,637 |
| 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 | $995,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $180,853 |
| Total liabilities | $2,179,299 |
| Net assets without donor restrictions | $6,692,397 |
| Net assets with donor restrictions | $3,844,074 |
| 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 | $12,715,770 |