Rise University Preparatory
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- San Francisco, CA
- Founding
- 09/2016
- Data as of
- 06/2022
- EIN
- 81-2384542
Organization Overview
Rise University Preparatory is located in San Francisco, CA. The organization was established in 2016. 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 06/2022, Rise University Preparatory employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise University Preparatory 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 06/2022, Rise University Preparatory generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE WORLD CLASS PRIVATE EDUCATION MORE ACCESSIBLE TO THE UNDERREPRESENTED WITH A GOAL OF 100% OF ITS SCHOLARS TO GAIN ACCEPTANCE INTO FOUR-YEAR UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Tsay Chair Of Board Of Director | OfficerTrustee | 0.4 | $0 |
Brian Chinn Secretary | OfficerTrustee | 0.4 | $0 |
Minnie Fong Treasurer | OfficerTrustee | 0.4 | $0 |
Warren Chiang Director | Trustee | 0.4 | $0 |
Tacing Parker Director | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $329,242 |
| Related organizations | $0 |
| Government grants | $79,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $839,668 |
| Noncash contributions included in lines 1a–1f | $63,041 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,117 |
| Total Program Service Revenue | $103,130 |
| Investment income | $15 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $590 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,351,852 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $779,127 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,231 |
| Payroll taxes | $62,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,928 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $27,150 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,628 |
| Office expenses | $31,590 |
| Information technology | $43,252 |
| Royalties | $0 |
| Occupancy | $113,733 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,018 |
| Insurance | $11,197 |
| All other expenses | $7,920 |
| Total functional expenses | $1,259,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,286,170 |
| Savings and temporary cash investments | $15,006 |
| Pledges and grants receivable | $7,000 |
| Accounts receivable, net | $2,362 |
| 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 | $4,190 |
| Net Land, buildings, and equipment | $139,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,454,017 |
| Accounts payable and accrued expenses | $53,148 |
| Grants payable | $0 |
| Deferred revenue | $13,516 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,664 |
| Net assets without donor restrictions | $1,380,833 |
| Net assets with donor restrictions | $6,520 |
| 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 | $1,454,017 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rise University Preparatory has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Grace Nixon Foundation Walnut Creek, CA PURPOSE: GENERAL SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Synergy Academies Los Angeles, CA | $22,403,920 | $21,618,793 |
San Diego Jewish Academy San Diego, CA | $60,657,178 | $18,702,706 |
Curtis School Foundation Los Angeles, CA | $75,927,733 | $19,348,920 |
Excel Academy Charter Schools San Marcos, CA | $11,403,735 | $18,058,297 |
Le Lycee Francais De Los Angeles Los Angeles, CA | $97,517,378 | $23,043,510 |
Oregonians For Online Education Inc Scio, OR | $4,402,348 | $19,081,202 |
Willows Community School Culver City, CA | $69,044,375 | $19,353,304 |
Head Start Of Lane County Springfield, OR | $2,527,429 | $16,579,600 |
Hawking Steam Charter Schools Inc Chula Vista, CA | $87,803,315 | $18,115,527 |
Stem Preparatory Schools Inc Los Angeles, CA | $15,250,781 | $22,306,511 |
San Jacinto Valley Academy Inc San Jacinto, CA | $34,100,540 | $18,923,540 |
Delphi Schools Inc Sheridan, OR | $68,746,624 | $17,868,394 |