Responsive Education Solutions
- Assets
- $528.9m
- Revenue
- $293.2m
- Investments
- $0.0
- Employees
- 3,932
- Location
- Lewisville, TX
- Founding
- 03/1999
- Data as of
- 06/2023
- EIN
- 75-2748762
Organization Overview
Responsive Education Solutions is located in Lewisville, TX. The organization was established in 1999. 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 06/2023, Responsive Education Solutions employed 3,932 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Responsive Education Solutions 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, Responsive Education Solutions generated $293.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $292.7m during the year ending 06/2023. While expenses have increased by 9.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS ARE TUITION-FREE, PUBLIC CHARTER SCHOOLS DEDICATED TO HELPING STUDENTS OF ALL AGES ACHIEVE THEIR POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION OF AT-RISK AND FORMER DROP OUT STUDENTS AS WELL AS COLLEGE BOUND STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Cook CEO & Board Member | OfficerTrustee | 50 | $256,871 |
James Taylor CFO & Cto | Officer | 50 | $0 |
Robert Davison COO | Officer | 50 | $154,515 |
Lynn Tompkins Jr Vp-Construction & Real Estate | 45 | $142,268 | |
Dr Mary Ann Sawyer Executive VP Of School Operati | 45 | $125,632 | |
Suzan Brown Executive Director Of Se | 45 | $106,529 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kinco Constructors Llc Construction Service | 6/29/23 | $11,541,741 |
Ep Remodeling Services Llc Construction Service | 6/29/23 | $1,854,337 |
Roi Telephony Educational Services | 6/29/23 | $554,140 |
Dtk Facilities Services Llc Janitorial Services | 6/29/23 | $4,501,210 |
Charter Communications Communication Svcs | 6/29/23 | $589,377 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $275,207,866 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,377,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,584,899 |
| Total Program Service Revenue | $11,325,397 |
| Investment income | $2,949,485 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,365,162 |
| Net Gain/Loss on Asset Sales | $1,005,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,230,154 |
| 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. | $411,386 |
| Compensation of current officers, directors, key employees. | $411,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,715,370 |
| Pension plan accruals and contributions | $8,075,773 |
| Other employee benefits | $7,648,828 |
| Payroll taxes | $3,256,332 |
| Fees for services: Management | $20,057,048 |
| Fees for services: Legal | $355,783 |
| Fees for services: Accounting | $174,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,980,195 |
| Advertising and promotion | $375,912 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,776,218 |
| Travel | $2,239,594 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,815,203 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,499,131 |
| Insurance | $1,799,598 |
| All other expenses | $1,019,535 |
| Total functional expenses | $292,747,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,710,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $55,297,475 |
| Accounts receivable, net | $2,785,499 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $201,706 |
| Prepaid expenses and deferred charges | $1,381,598 |
| Net Land, buildings, and equipment | $299,616,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,933,014 |
| Total assets | $528,925,878 |
| Accounts payable and accrued expenses | $37,385,655 |
| Grants payable | $0 |
| Deferred revenue | $5,500,000 |
| Tax-exempt bond liabilities | $259,915,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,449,336 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $60,569,812 |
| Total liabilities | $365,819,803 |
| Net assets without donor restrictions | $79,973,736 |
| Net assets with donor restrictions | $83,132,339 |
| 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 | $528,925,878 |