Nevada Rise Academy Inc
- Assets
- $4.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 44
- Location
- Las Vegas, NV
- Founding
- 03/2017
- Data as of
- 06/2022
- EIN
- 81-4539783
Organization Overview
Nevada Rise Academy Inc is located in Las Vegas, NV. The organization was established in 2017. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2022, Nevada Rise Academy Inc employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nevada Rise Academy 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 06/2022, Nevada Rise Academy Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 73.2% each year . All expenses for the organization totaled $3.4m 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
SUCCESS AND ACHIEVEMENT REGARDLESS OF ZIP CODE OR OTEHR DEMOGRAPHIC DETERMINANTS. NEVADA RISE ACADEMY ENVISIONS ALL STUDENTS ACHIEVING AT HIGH LEVELS, MATRICULATING INTO HIGH-ACHIEVING MIDDLE AND HIGH SCHOOLS, GRADUATING COLLEGE, AND PROVING WHAT IS POSSIBLE FOR ALL STUDENTS IN LAS VEGAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEVADA RISE OPERATES A HIGH QUALITY PUBLIC CHARTER SCHOOL THAT SERVED ROUGHLY 383 STUDENTS IN GRADES K-4 DURING THE 2021-2022 FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Bernbach Chair | OfficerTrustee | 2 | $0 |
Steven Jt Washington Vice Chair | OfficerTrustee | 2 | $0 |
Catherine Sourk Treasurer | OfficerTrustee | 2 | $0 |
Nicole Calix Coy Secretary | OfficerTrustee | 2 | $0 |
Andrea Lombardo Director | Trustee | 2 | $0 |
Jean Carlo Rosero Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,724,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,724,802 |
| Total Program Service Revenue | $0 |
| Investment income | $761 |
| 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 | $3,745,057 |
| 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. | $152,031 |
| Compensation of current officers, directors, key employees. | $30,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,482,509 |
| Pension plan accruals and contributions | $289,288 |
| Other employee benefits | $207,076 |
| Payroll taxes | $23,281 |
| Fees for services: Management | $6,097 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $405,142 |
| Advertising and promotion | $2,386 |
| Office expenses | $219,050 |
| Information technology | $4,726 |
| Royalties | $0 |
| Occupancy | $192,477 |
| Travel | $16,339 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $211,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,458 |
| Insurance | $21,973 |
| All other expenses | $0 |
| Total functional expenses | $3,439,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,342,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $580,455 |
| 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 | $98,594 |
| Net Land, buildings, and equipment | $189,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,126,593 |
| Total assets | $4,337,355 |
| Accounts payable and accrued expenses | $150,005 |
| Grants payable | $0 |
| Deferred revenue | $40,000 |
| 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 | $366,731 |
| Other liabilities | $2,363,870 |
| Total liabilities | $2,920,606 |
| Net assets without donor restrictions | $1,388,482 |
| Net assets with donor restrictions | $28,267 |
| 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 | $4,337,355 |