Revolution Academy
- Assets
- $19.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Summerfield, NC
- Founding
- Data as of
- 06/2021
- EIN
- 82-2556583
Organization Overview
Revolution Academy is located in Summerfield, NC. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revolution Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE OPERATION OF A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A PUBLIC CHARTER SCHOOL FOR THE EDUCATION OF CHILDREN IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Sauer Principal | OfficerTrustee | 40 | $42,500 |
Jon Kreider Vice Chair | Trustee | 4 | $0 |
John Nosek Chair | Trustee | 4 | $0 |
Elaine Graziano Secretary | Trustee | 4 | $0 |
Jon Hardister Member | Trustee | 4 | $0 |
Lisa Walker Treasurer | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,322,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,337,457 |
| Total Program Service Revenue | $65,321 |
| Investment income | $0 |
| 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 | $3,642,980 |
| 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. | $42,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,286,231 |
| Pension plan accruals and contributions | $14,308 |
| Other employee benefits | $136,903 |
| Payroll taxes | $109,530 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $3,406 |
| Office expenses | $30,355 |
| Information technology | $13,127 |
| Royalties | $0 |
| Occupancy | $228,293 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,730 |
| Interest | $627,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,110 |
| Insurance | $10,731 |
| All other expenses | $141,306 |
| Total functional expenses | $3,514,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,503 |
| Savings and temporary cash investments | $3,041,091 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $792,017 |
| 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 | $19,006 |
| Net Land, buildings, and equipment | $15,242,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,185,817 |
| Accounts payable and accrued expenses | $2,563,577 |
| 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 | $16,894,547 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,458,124 |
| Net assets without donor restrictions | -$1,546,048 |
| Net assets with donor restrictions | $1,273,741 |
| 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 | $19,185,817 |
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