Civic Intelligence

Rhode Island Mayoral Academies

990 • Fiscal year 2015 • EIN 26-3896058

Jul 01, 2014 to Jun 30, 2015 • Filed on May 16, 2016

Organization ProfileWWW.MAYORALACADEMIES.ORG

View Organization Page

160 Westminster Street No 202Providence, RI 02903

(401) 244-7496

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

89th percentile

2.31x

Higher debt load relative to revenue than 89% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

59th percentile

5.6%

Higher net margin than 59% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

64th percentile

$153,293

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

48th percentile

0.3%

Faster asset growth than 48% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

61st percentile

7.7%

Faster revenue growth than 61% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$5,953,444

Up $16,747 (+0.3%) from 2014

Net Assets

Up

$987,921

Up $119,616 (+14%) from 2014

Liabilities

Down

$4,965,523

Down $102,869 (-2.0%) from 2014

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin59th percentile

Revenue

Up

$2,145,575

Up $152,857 (+7.7%) from 2014

Expenses

Up

$2,025,959

Up $395,029 (+24%) from 2014

Net Income

Down

$119,616

Down $242,172 (-67%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $989,726Liabilities 2010: $402,463Net Assets 2010: $587,2632010Assets 2012: $4,658,073Liabilities 2012: $4,047,448Net Assets 2012: $610,6252012Assets 2014: $5,936,697Liabilities 2014: $5,068,392Net Assets 2014: $868,3052014Assets 2015: $5,953,444Liabilities 2015: $4,965,523Net Assets 2015: $987,9212015Assets 2017: $5,678,199Liabilities 2017: $5,054,162Net Assets 2017: $624,0372017

Highlighted filing

2015

Assets$5,953,444
Liabilities$4,965,523
Net Assets$987,921
Open 2015 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $943,8612010Expenses 2012: $1,552,5832012Revenue 2014: $1,992,718Expenses 2014: $1,630,930Net Income 2014: $361,7882014Revenue 2015: $2,145,575Expenses 2015: $2,025,959Net Income 2015: $119,6162015Revenue 2017: $1,339,441Expenses 2017: $1,631,601Net Income 2017: -$292,1602017

Highlighted filing

2015

Revenue$2,145,575
Expenses$2,025,959
Net Income$119,616
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 16, 2016
Return Version
2014v6.0
Gross Receipts
$2,145,575
Mission and Program Overview

Mission

To oversee a network of new public schools across the state of rhode island known as mayoral academies.

Establishment of charter public schools

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,366,290$5,189,636▼ $176,654
Savings and Temporary Cash Investments$52,096$656,097▲ $604,001
Prepaid Expenses and Deferred Charges$89,000$72,070▼ $16,930
Accounts Receivable$361,684$26,542▼ $335,142
Cash and Non-Interest-Bearing Accounts$67,627$9,099▼ $58,528
Total Assets$5,936,697$5,953,444▲ $16,747
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,597,289$4,487,328▼ $109,961
Deferred Revenue$334,480$303,334▼ $31,146
Accounts Payable and Accrued Expenses$136,623$174,861▲ $38,238
Total Liabilities$5,068,392$4,965,523▼ $102,869
Net Assets / Fund Balance
Unrestricted Net Assets$868,305$806,952▼ $61,353
Temporarily Rstr Net Assets-$180,969-
Total Net Assets Fund Balance$868,305$987,921▲ $119,616
Total Liabilities and Net Assets / Fund Balance$5,936,697$5,953,444▲ $16,747

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,678,759$601,335$5,280,094
Land$411,900-$411,900
Leasehold Improvements$90,351$109,791$200,142
Equipment$8,626$27,206$35,832
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David LauckCFO (7/14-1/15)FT$134,281$19,012$153,293
Michael Magee PhdCEOFT$103,870$5,925$109,795

Board Members and Trustees

NameTitle
Daniel J MckeeChairman
Angus DavisDirector
Ellen WinnDirector
Joe WilliamsDirector
John MortonDirector
Martin WestDirector
Norman Mcculloch JrDirector
Pablo Rodriguez MdDirector
Richard B LynchDirector
Allan W FungDirector (7/14-5/15)
Daniel C WaughSecretary (non-voting)
John CarterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,508,200
Program Service Revenue
$565,833
Investment Income
$1,352
Other Revenue
$70,190
All Other Contributions
$1,508,200
Change in Net Assets
$119,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$999,496
Salaries, Compensation, and Employee Benefits$755,880
Grants and Similar Amounts Paid$270,583
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$241,981$117,406-$359,387
Current Officers, Directors, Trustees, and Key Employees$197,668$106,437-$304,105
Grants to Domestic Orgs$270,583--$270,583
Interest$225,791--$225,791
Depreciation Depletion$275,136$-80,482-$194,654
Advertising$154,558--$154,558
Travel$103,866--$103,866
Fees for Services Legal$99,501--$99,501
Occupancy$55,370$21,531-$76,901
Fees for Services Lobbying$58,625--$58,625
Payroll Taxes$31,890$16,202-$48,092
Other Employee Benefits$29,686$14,610-$44,296
Office Expenses$16,398$6,590-$22,988
Conferences and Meetings$650$18,552-$19,202
Fees for Services Accounting$12,840$5,160-$18,000
Fees for Services Other-$17,485-$17,485
Insurance-$3,971-$3,971
Other Expenses$3,048$106-$106
Total Functional Expenses$1,777,591$248,368$0$2,025,959
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Achievement First Providence Mayoral AcademyProvidence, RIGovernmentSupport for Establishment of Charter School$200,000
Rhode Island Mayoral Academy (sm) Blackstone ValleyCumberland, RI501(c)(3)Support for General Operations$37,358
Rise Prep Mayoral AcademyWoonsocket, RI501(c)(3)Support for Start Up Costs and General Operations$33,225
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. At the subsequent board meeting, the board is asked if they have any questions or comments and a general review of the form is conducted by management. Revisions, corrections, etc. Are made as necessary. Subsequent to this meeting, the form is submitted to the irs.”

Form 990, Part VI, Section B, Line 12C

“Each year the organization's conflict of interest policy is provided to all officers, directors and key employees. These people are asked to review the policy and sign a statement indicating that they understand the policy and have reported all potential conflicts during the past year in accordance with the policy and will report all potential conflicts during the coming year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the organization will enter into the transaction.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents (articles of incorporation and by-laws), its conflict of interest policy and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative offices during normal business hours. The organization charges for the copies in accordance with irs regulations.”

Filing and Contact Details

Filer

Filer Name
Rhode Island Mayoral Academies
EIN
26-3896058
Phone
4012447496
Address
160 WESTMINSTER STREET NO 202, PROVIDENCE, RI 02903

Signing Officer

Name
Elsa Dure
Title
Current CEO
Phone
4012447496
Signed
2016-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elsa Dure
Formed
2009
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
12
Volunteers
0

Preparer

Firm
Kahn Litwin Renza & Co Ltd
Address
951 NORTH MAIN STREET, PROVIDENCE, RI 02904
Preparer
Deborah a Hopkins
Phone
4012742001
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Rima (rhode island mayoral academies) is exempt from income taxes as a public charity under section 501(c)(3) of the internal revenue code. Management believes that this entity operates in a manner consistent with its tax-exempt status at both the state and federal levels. Rima annually files irs form 990 - return of organization exempt from income tax, reporting various information that the irs uses to monitor the activities of tax-exempt entities. For federal income tax purposes, shi (school holdings i, llc) is a disregarded entity and the results of its operations are reported in the form 990 of rima, its sole member. For rhode island corporate income tax purposes, shi files a corporate income tax return and is subject to the $500 annual rhode island minimum corporate franchise tax. These tax returns are subject to review by the taxing authorities, generally for three years after they were filed. The federal tax returns for the years ended june 30, 2012, 2013, and 2014 remain open for review. There are no tax examinations in progress for either entity.”

Raw XML AppendixShowing 400 of 564 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0136623
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0174861
IRS990/AccountsReceivableGrp/BOYAmt0361684
IRS990/AccountsReceivableGrp/EOYAmt026542
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ESTABLISHMENT OF CHARTER PUBLIC SCHOOLS
IRS990/AdvertisingGrp/ProgramServicesAmt0154558
IRS990/AdvertisingGrp/TotalAmt0154558
IRS990/AllOtherContributionsAmt01508200
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/PersonNm0ELSA DURE CURRENT CEO
IRS990/BooksInCareOfDetail/PhoneNum04012447496
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0160 WESTMINSTER ST ROOM 202
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002903
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt067627
IRS990/CashNonInterestBearingGrp/EOYAmt09099
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0106437
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0197668
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0304105
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt018552
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0650
IRS990/ConferencesMeetingsGrp/TotalAmt019202
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01508200
IRS990/CYGrantsAndSimilarPaidAmt0270583
IRS990/CYInvestmentIncomeAmt01352
IRS990/CYOtherExpensesAmt0999496
IRS990/CYOtherRevenueAmt070190
IRS990/CYProgramServiceRevenueAmt0565833
IRS990/CYRevenuesLessExpensesAmt0119616
IRS990/CYSalariesCompEmpBnftPaidAmt0755880
IRS990/CYTotalExpensesAmt02025959
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02145575
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0334480
IRS990/DeferredRevenueGrp/EOYAmt0303334
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0-80482
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0275136
IRS990/DepreciationDepletionGrp/TotalAmt0194654
IRS990/Desc0RHODE ISLAND MAYORAL ACADEMIES (RIMA) IS THE NAME OF A NON-PROFIT ORGANIZATION THAT SUPPORTS THE STATEWIDE GROWTH OF MAYORAL ACADEMIES: HIGH-PERFORMING, DIVERSE, REGIONAL PUBLIC SCHOOLS GOVERNED BY MAYOR-LED SCHOOL BOARDS. RIMA WORKS TOWARDS THIS MISSION BY RECRUITING EXTRAORDINARY SCHOOL OPERATORS AND LEADERS TO OPEN MAYORAL ACADEMIES; SUPPORTING MAYORAL ACADEMIES FROM THE APPLICATION STAGE THROUGH THE FIRST YEARS OF GROWTH; AND CULTIVATING MAYORS ACROSS RHODE ISLAND TO BECOME LEADERS IN IMPROVING PUBLIC EDUCATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt012
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01777591
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05160
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt012840
IRS990/FeesForServicesAccountingGrp/TotalAmt018000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt099501
IRS990/FeesForServicesLegalGrp/TotalAmt099501
IRS990/FeesForServicesLobbyingGrp/ProgramServicesAmt058625
IRS990/FeesForServicesLobbyingGrp/TotalAmt058625
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt017485
IRS990/FeesForServicesOtherGrp/TotalAmt017485
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1340.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt125925
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1319012
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL J MCKEE
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGUS DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3ALLAN W FUNG
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARD B LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm5NORMAN MCCULLOCH JR
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN MORTON
IRS990/Form990PartVIISectionAGrp/PersonNm7PABLO RODRIGUEZ MD
IRS990/Form990PartVIISectionAGrp/PersonNm8MARTIN WEST
IRS990/Form990PartVIISectionAGrp/PersonNm9JOE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm10ELLEN WINN
IRS990/Form990PartVIISectionAGrp/PersonNm11DANIEL C WAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm12MICHAEL MAGEE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID LAUCK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12103870
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13134281
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR (7/14-5/15)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt12CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13CFO (7/14-1/15)
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt0270583
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0270583
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0270583
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02145575
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03971
IRS990/InsuranceGrp/TotalAmt03971
IRS990/InterestGrp/ProgramServicesAmt0225791
IRS990/InterestGrp/TotalAmt0225791
IRS990/InvestmentIncomeGrp/ExclusionAmt01352
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01352
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0738332
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05366290
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05189636
IRS990/LandBldgEquipCostOrOtherBssAmt05927968
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OVERSEE A NETWORK OF NEW PUBLIC SCHOOLS ACROSS THE STATE OF RHODE ISLAND KNOWN AS MAYORAL ACADEMIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04597289
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04487328
IRS990/NetAssetsOrFundBalancesBOYAmt0868305
IRS990/NetAssetsOrFundBalancesEOYAmt0987921
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt021531
IRS990/OccupancyGrp/ProgramServicesAmt055370
IRS990/OccupancyGrp/TotalAmt076901
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06590
IRS990/OfficeExpensesGrp/ProgramServicesAmt016398
IRS990/OfficeExpensesGrp/TotalAmt022988
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt014610
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt029686
IRS990/OtherEmployeeBenefitsGrp/TotalAmt044296
IRS990/OtherExpensesGrp/Desc0MAYORAL ACADEMIES SUPPO
IRS990/OtherExpensesGrp/Desc1BUSINESS REGISTRATION F
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0800
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1106
IRS990/OtherExpensesGrp/ProgramServicesAmt03048
IRS990/OtherExpensesGrp/TotalAmt03048
IRS990/OtherExpensesGrp/TotalAmt1800
IRS990/OtherExpensesGrp/TotalAmt2106
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt070190
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt070190
IRS990/OtherRevenueTotalAmt070190
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0117406
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0241981
IRS990/OtherSalariesAndWagesGrp/TotalAmt0359387
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016202
IRS990/PayrollTaxesGrp/ProgramServicesAmt031890
IRS990/PayrollTaxesGrp/TotalAmt048092
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt089000
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072070
IRS990/PrincipalOfficerNm0ELSA DURE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1541800
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0404539
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1161294
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0404539
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1161294
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01460314
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0200000
IRS990/PYInvestmentIncomeAmt0884
IRS990/PYOtherExpensesAmt0810809
IRS990/PYOtherRevenueAmt0158541
IRS990/PYProgramServiceRevenueAmt0372979
IRS990/PYRevenuesLessExpensesAmt0361788
IRS990/PYSalariesCompEmpBnftPaidAmt0620121
IRS990/PYTotalExpensesAmt01630930
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01992718
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0119616
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0565833
IRS990/SavingsAndTempCashInvstGrp/BOYAmt052096
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0656097
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0150000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0210000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0300000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0202500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0317000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01179500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01508200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01460314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01215870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01309500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01048500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06542384
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01352
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0884
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01254
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01487
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05972
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0636023
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0531520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0321495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0174922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt073716
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01737676
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01352
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01487
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05972
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.85690
IRS990ScheduleA/PublicSupportPY509Pct00.82400
IRS990ScheduleA/PublicSupportTotal509Amt07100560
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0150000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0210000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0300000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0202500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0317000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01179500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02144223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01991834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01537365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01484422
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01122216
IRS990ScheduleA/Total509Grp/TotalAmt08280060
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02145575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01992718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01538360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01485676
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01123703
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08286032
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt058625
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0RIMA'S LOBBYING EXPENDITURES WERE ASSOCIATED WITH LEGISLATION THAT WOULD SLOW THE GROWTH OR IMPEDE THE PERFORMANCE OF EXISTING MAYORAL ACADEMIES, AS WELL AS FOR LEGISLATION RELATED TO FAIR AND EQUITABLE IMPROVEMENTS TO STATE SCHOOL CONSTRUCTION POLICY. RIMA STAFF PERCEIVES THESE ACTIVITIES AS SHORT-TERM, RATHER THAN PERPETUAL, POLICY GOALS AND EXPENSES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt058625
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04678759
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0601335
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05280094
IRS990ScheduleD/EquipmentGrp/BookValueAmt08626
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027206

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,953,444
Liabilities
$4,965,523
Net assets
$987,921
Revenue
$2,145,575
Expenses
$2,025,959
Net income
$119,616
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.68$5.05$0.62$1.34$1.63$0.29
2015Detailed filing. Detailed filing data is available for this year.$5.95$4.97$0.99$2.15$2.03$0.12
2014Detailed filing. Detailed filing data is available for this year.$5.94$5.07$0.87$1.99$1.63$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.66$4.05$0.61$1.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.40$0.59$0.94
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2015 filings • 501(c)3 • $5M-$10M nonprofits