Rise Academy
- Assets
- $3.7m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 49
- Location
- Lubbock, TX
- Founding
- 10/1998
- Data as of
- 08/2021
- EIN
- 75-2759258
Organization Overview
Rise Academy is located in Lubbock, TX. The organization was established in 1998. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 08/2021, Rise Academy employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Academy 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 08/2021, Rise Academy generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $2.9m during the year ending 08/2021. While expenses have increased by 5.2% 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
RISE ACADEMY'S GOAL IS TO DEVELOP ACADEMICALLY COMPETITIVE STUDENTS WHO HAVE THE KNOWLEDGE, EXPOSURE AND FOUNDATION TO ENTER INTO RIGOROUS COLLEGE PREP PROGRAMS AT THE HIGH SCHOOL LEVEL AFTER THEY GRADUATE THE 8TH GRADE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION AND INSTRUCTION-RELATED SERVICES THIS FUNCTION IS FOR SERVICES THAT PROVIDE DIRECT INTERACTION BETWEEN STAFF MEMBERS AND STUDENTS TO ACHIEVE STUDENT LEARNING OR PROVIDE STAFF MEMBERS WITH THE APPROPRIATE MATERIALS FOR DEVELOPMENT TO ACHIEVE STUDENT LEARNING.
INSTRUCTIONAL AND SCHOOL LEADERSHIP THIS FUNCTION IS RELATED TO MANAGING, DIRECTING, SUPERVISING, AND LEADING STAFF MEMBERS WHO PROVIDE INSTRUCTION OR INSTRUCTION-RELATED SERVICES. IT IS ALSO FOR COSTS RELATED TO THE GENERAL MANAGEMENT AND LEADERSHIP OF A SCHOOL CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Baumgartner President & Director | OfficerTrustee | 70 | $100,000 |
Frank Gutierrez Secretary | OfficerTrustee | 1 | $0 |
Raquel Gonzales Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,123,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,139,447 |
| Total Program Service Revenue | $0 |
| Investment income | $6,623 |
| 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 | $3,146,070 |
| 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. | $100,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,803,719 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,156 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,171 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,418 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,671 |
| Travel | $600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,168 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,369 |
| Insurance | $20,002 |
| All other expenses | $30,605 |
| Total functional expenses | $2,888,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $948,671 |
| Savings and temporary cash investments | $555,737 |
| Pledges and grants receivable | $517,313 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,727,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,749,179 |
| Accounts payable and accrued expenses | $118,226 |
| 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 | $211,840 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $951 |
| Total liabilities | $331,017 |
| Net assets without donor restrictions | $531,636 |
| Net assets with donor restrictions | $2,886,526 |
| 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 | $3,749,179 |
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|---|---|---|
Community Academies Of New Orleans Inc New Orleans, LA | $3,607,282 | $19,811,905 |
Varnett Schools Inc Houston, TX | $25,630,579 | $16,355,176 |
The Emery-Weiner Center For Jewish Education Houston, TX | $36,882,077 | $18,976,630 |
Sandia School Albuquerque, NM | $27,571,490 | $14,904,182 |
French & Montessori Education Inc New Orleans, LA | $8,632,060 | $13,354,447 |
Fort Bend Christian Academy Sugar Land, TX | $31,881,778 | $16,006,683 |
The Lamplighter School Dallas, TX | $61,812,607 | $20,667,782 |
Arise Academy New Orleans, LA | $3,784,290 | $13,860,913 |
Ser Ninos Inc Houston, TX | $64,261,169 | $15,924,628 |
San Antonio Academy Of Texas San Antonio, TX | $49,529,781 | $8,875,317 |
Conservative Jewish Day School Of Dallas Inc Dallas, TX | $20,121,364 | $11,313,522 |
Hope Christian Schools Inc Albuquerque, NM | $37,299,109 | $13,469,173 |