Rosati-Kain Academy
- Assets
- $1.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 30
- Location
- Saint Louis, MO
- Founding
- Data as of
- 06/2024
- EIN
- 92-0677719
Organization Overview
Rosati-Kain Academy is located in Saint Louis, MO. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2024, Rosati-Kain Academy employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rosati-Kain 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 06/2024, Rosati-Kain Academy generated $4.3m in total revenue. All expenses for the organization totaled $2.9m during the year ending 06/2024.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
ROSATI-KAIN ACADEMY "RKA" TOOK OVER OPERATION OF THE SCHOOL ON JULY 1 2023 FROM THE ARCHDIOCESE OF ST. LOUIS WHICH FORMERLY OPERATED THE SCHOOL AS ROSATI-KAIN HIGH SCHOOL. AS THE OPERATOR OF A SCHOOL AFTER JULY 1 2023 RKA ENROLLED AND EDUCATED YOUNG WOMEN IN GRADES 9 THROUGH 12 EMPLOYED FACULTY AND STAFF AND RECEIVED REVENUE FROM TUITION FEES AND SCHOLARSHIPS WHICH IT DID NOT RECEIVE IN ITS PREVIOUS FISCAL YEAR. RKA ALSO INCURRED NEW EXPENSES AFTER JULY 1 2023 INCLUDING SALARIES BENEFITS AND PAYROLL TAXES FOR FACULTY AND STAFF RENT FOR THE SCHOOL PROPERTY SCHOOL AND PROPERTY-RELATED INSURANCE FACILITY OPERATING COSTS AND COSTS FOR SUPPLIES SOFTWARE AND SERVICES RELATED TO EDUCATION AND THE OPERATION OF THE SCHOOL AS AN ONGOING BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENROLLING AND EDUCATING YOUNG WOMEN: ROSATI-KAIN ACADEMY TOOK OVER OPERATION OF ROSATI-KAIN HIGH SCHOOL FROM THE ARCHDIOCESE OF ST. LOUIS ON JULY 1 2023. DURING THE ENSUING FISCAL YEAR COVERED BY THIS 990 THE SCHOOL ENROLLED 125 STUDENTS IN GRADES 9 THROUGH 12. THE SCHOOL YEAR FOR THESE STUDENTS BEGAN IN AUGUST 2023 AND ENDED IN MAY 2024. THE SCHOOL GRADUATED 43 SENIORS IN MAY 2024. ALL OF THE ORGANIZATIONS OPERATING REVENUE EXCEPT FOR OUR $327,521 CASH BALANCE AND ALL OF OUR EXPENSES WERE DEVOTED TO THE OPERATION OF THE SCHOOL AND EDUCATION OF THE SCHOOLS STUDENTS. SEE SCHEDULE O FOR ADDITIONAL DETAIL ON THE SCHOOL AND ITS OPERATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samantha Montgomery Vice Chair | OfficerTrustee | 5 | $0 |
Andrea Spates Board Member | Trustee | 5 | $0 |
Wendell Covington Jr Board Member | Trustee | 5 | $0 |
Mary Stillman Secretary | OfficerTrustee | 10 | $0 |
Marie Casey Former Board Member 7-23 To 1-24 | Trustee | 15 | $0 |
Maggie A Sullivan President | OfficerTrustee | 50 | $109,125 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,887 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,988,982 |
| Noncash contributions included in lines 1a–1f | $16,416 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,022,869 |
| Total Program Service Revenue | $1,117,063 |
| Investment income | $65,632 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $125,463 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,331,027 |
| 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. | $109,125 |
| Compensation of current officers, directors, key employees. | $109,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,373,756 |
| Pension plan accruals and contributions | $74,144 |
| Other employee benefits | $71,480 |
| Payroll taxes | $113,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,135 |
| Fees for services: Accounting | $12,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $116,473 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,797 |
| Advertising and promotion | $6,274 |
| Office expenses | $105,861 |
| Information technology | $90,654 |
| Royalties | $0 |
| Occupancy | $515,570 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,749 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $14,248 |
| All other expenses | $4,492 |
| Total functional expenses | $2,891,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,012 |
| Savings and temporary cash investments | $263,509 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $1,364,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,416 |
| Total assets | $1,708,598 |
| Accounts payable and accrued expenses | $1,715 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,715 |
| Net assets without donor restrictions | $342,222 |
| Net assets with donor restrictions | $1,364,661 |
| 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 | $1,708,598 |