Civic Intelligence

Rhode Island Mayoral Academies

990 • Fiscal year 2016 • EIN 26-3896058

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

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

0.85x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

90th percentile

2.60x

Higher debt load relative to revenue than 90% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

29th percentile

-3.7%

Higher net margin than 29% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

65th percentile

$155,406

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 7.9% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

48th percentile

1.1%

Faster asset growth than 48% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-8.7%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$6,015,996

Up $62,552 (+1.1%) from 2015

Net Assets

Down

$916,197

Down $71,724 (-7.3%) from 2015

Liabilities

Up

$5,099,799

Up $134,276 (+2.7%) from 2015

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin29th percentile

Revenue

Down

$1,959,181

Down $186,394 (-8.7%) from 2015

Expenses

Up

$2,030,905

Up $4,946 (+0.2%) from 2015

Net Income

Down

-$71,724

Down $191,340 (-160%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$8.0M$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 2016: $6,015,996Liabilities 2016: $5,099,799Net Assets 2016: $916,1972016Assets 2017: $5,678,199Liabilities 2017: $5,054,162Net Assets 2017: $624,0372017

Highlighted filing

2016

Assets$6,015,996
Liabilities$5,099,799
Net Assets$916,197
Open 2016 Filing

Operations Trend

Revenue Growth24th 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 2016: $1,959,181Expenses 2016: $2,030,905Net Income 2016: -$71,7242016Revenue 2017: $1,339,441Expenses 2017: $1,631,601Net Income 2017: -$292,1602017

Highlighted filing

2016

Revenue$1,959,181
Expenses$2,030,905
Net Income-$71,724
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,959,181
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$5,189,636$5,469,554▲ $279,918
Accounts Receivable$26,542$221,902▲ $195,360
Cash and Non-Interest-Bearing Accounts$9,099$143,770▲ $134,671
Savings and Temporary Cash Investments$656,097$129,722▼ $526,375
Prepaid Expenses and Deferred Charges$72,070$0▼ $72,070
Intangible Assets-$51,048-
Total Assets$5,953,444$6,015,996▲ $62,552
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,487,328$4,688,723▲ $201,395
Deferred Revenue$303,334$280,000▼ $23,334
Accounts Payable and Accrued Expenses$174,861$131,076▼ $43,785
Total Liabilities$4,965,523$5,099,799▲ $134,276
Net Assets / Fund Balance
Unrestricted Net Assets$806,952$835,165▲ $28,213
Temporarily Rstr Net Assets$180,969$81,032▼ $99,937
Total Net Assets Fund Balance$987,921$916,197▼ $71,724
Total Liabilities and Net Assets / Fund Balance$5,953,444$6,015,996▲ $62,552

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,532,811$747,283$5,280,094
Leasehold Improvements$515,895$263,712$779,607
Land$411,900-$411,900
Equipment$8,948$32,100$41,048
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David LauckCFOFT$134,281$21,125$155,406
Michael Magee PhdCEOFT$103,870$6,584$110,454

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
Daniel C WaughSecretary (non-voting)
John CarterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,400,870
Program Service Revenue
$555,366
Investment Income
$460
Other Revenue
$2,485
All Other Contributions
$1,400,870
Change in Net Assets
$-71,724
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,103,258
Salaries, Compensation, and Employee Benefits$776,125
Grants and Similar Amounts Paid$151,522
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$277,450$136,260-$413,710
Depreciation Depletion$321,754--$321,754
Current Officers, Directors, Trustees, and Key Employees$172,808$93,050-$265,858
Interest$233,284--$233,284
Fees for Services Legal$172,108--$172,108
Grants to Domestic Orgs$151,522--$151,522
Fees for Services Lobbying$123,463--$123,463
Occupancy$50,488$13,181-$63,669
Other Employee Benefits$32,914$16,174-$49,088
Payroll Taxes$31,477$15,992-$47,469
Travel$45,639--$45,639
Conferences and Meetings$18,966$15,625-$34,591
Fees for Services Accounting$17,869$14,655-$32,524
Office Expenses$18,306$7,357-$25,663
Advertising$23,534--$23,534
Insurance$11,076$9,659-$20,735
Fees for Services Other-$988-$988
Other Expenses$2,298$299-$299
Total Functional Expenses$1,704,956$325,949$0$2,030,905
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rise Prep Mayoral AcademyWoonsocket, RI501(c)(3)Support for Start Up Costs and General Operations$151,522
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
Backup withholding compliance
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
Donna Stone
Title
Current CEO
Phone
4012447496
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Stone
Formed
2009
Legal Domicile
Ri
Voting Board Members
11
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) and shii (school holdings ii, llc) are disregarded entities and the results of their operations are reported in the form 990 of rima, their sole member. For rhode island corporate income tax purposes, shi and shii file corporate income tax returns and are 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. Rima, shi and shii currently have no tax examinations in progress.”

Raw XML AppendixShowing 400 of 548 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/BOYAmt0174861
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0131076
IRS990/AccountsReceivableGrp/BOYAmt026542
IRS990/AccountsReceivableGrp/EOYAmt0221902
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ESTABLISHMENT OF CHARTER PUBLIC SCHOOLS
IRS990/AdvertisingGrp/ProgramServicesAmt023534
IRS990/AdvertisingGrp/TotalAmt023534
IRS990/AllOtherContributionsAmt01400870
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0DONNA STONE
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/BOYAmt09099
IRS990/CashNonInterestBearingGrp/EOYAmt0143770
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt093050
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0172808
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0265858
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt015625
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt018966
IRS990/ConferencesMeetingsGrp/TotalAmt034591
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01400870
IRS990/CYGrantsAndSimilarPaidAmt0151522
IRS990/CYInvestmentIncomeAmt0460
IRS990/CYOtherExpensesAmt01103258
IRS990/CYOtherRevenueAmt02485
IRS990/CYProgramServiceRevenueAmt0555366
IRS990/CYRevenuesLessExpensesAmt0-71724
IRS990/CYSalariesCompEmpBnftPaidAmt0776125
IRS990/CYTotalExpensesAmt02030905
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01959181
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0303334
IRS990/DeferredRevenueGrp/EOYAmt0280000
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0321754
IRS990/DepreciationDepletionGrp/TotalAmt0321754
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/ExpenseAmt01704956
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014655
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt017869
IRS990/FeesForServicesAccountingGrp/TotalAmt032524
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0172108
IRS990/FeesForServicesLegalGrp/TotalAmt0172108
IRS990/FeesForServicesLobbyingGrp/ProgramServicesAmt0123463
IRS990/FeesForServicesLobbyingGrp/TotalAmt0123463
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0988
IRS990/FeesForServicesOtherGrp/TotalAmt0988
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/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
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/OtherCompensationAmt106584
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1221125
IRS990/Form990PartVIISectionAGrp/PersonNm0DANIEL J MCKEE
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN CARTER
IRS990/Form990PartVIISectionAGrp/PersonNm2ANGUS DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm3RICHARD B LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm4NORMAN MCCULLOCH JR
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN MORTON
IRS990/Form990PartVIISectionAGrp/PersonNm6PABLO RODRIGUEZ MD
IRS990/Form990PartVIISectionAGrp/PersonNm7MARTIN WEST
IRS990/Form990PartVIISectionAGrp/PersonNm8JOE WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm9ELLEN WINN
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL MAGEE PHD
IRS990/Form990PartVIISectionAGrp/PersonNm11DANIEL C WAUGH
IRS990/Form990PartVIISectionAGrp/PersonNm12DAVID 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/ReportableCompFromOrgAmt10103870
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12134281
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/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY (NON-VOTING)
IRS990/Form990PartVIISectionAGrp/TitleTxt12CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GrantAmt0151522
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0151522
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0151522
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01959181
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09659
IRS990/InsuranceGrp/ProgramServicesAmt011076
IRS990/InsuranceGrp/TotalAmt020735
IRS990/IntangibleAssetsGrp/EOYAmt051048
IRS990/InterestGrp/ProgramServicesAmt0233284
IRS990/InterestGrp/TotalAmt0233284
IRS990/InvestmentIncomeGrp/ExclusionAmt0460
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0460
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01043095
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05189636
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05469554
IRS990/LandBldgEquipCostOrOtherBssAmt06512649
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/BOYAmt04487328
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04688723
IRS990/NetAssetsOrFundBalancesBOYAmt0987921
IRS990/NetAssetsOrFundBalancesEOYAmt0916197
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013181
IRS990/OccupancyGrp/ProgramServicesAmt050488
IRS990/OccupancyGrp/TotalAmt063669
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07357
IRS990/OfficeExpensesGrp/ProgramServicesAmt018306
IRS990/OfficeExpensesGrp/TotalAmt025663
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016174
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt032914
IRS990/OtherEmployeeBenefitsGrp/TotalAmt049088
IRS990/OtherExpensesGrp/Desc0SUBSCRIPTIONS & DUES
IRS990/OtherExpensesGrp/Desc1BUSINESS REGISTRATION F
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0924
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11785
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2299
IRS990/OtherExpensesGrp/ProgramServicesAmt02298
IRS990/OtherExpensesGrp/TotalAmt03222
IRS990/OtherExpensesGrp/TotalAmt11785
IRS990/OtherExpensesGrp/TotalAmt2299
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt02485
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02485
IRS990/OtherRevenueTotalAmt02485
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0136260
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0277450
IRS990/OtherSalariesAndWagesGrp/TotalAmt0413710
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015992
IRS990/PayrollTaxesGrp/ProgramServicesAmt031477
IRS990/PayrollTaxesGrp/TotalAmt047469
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt072070
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0DONNA STONE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0555366
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0555366
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01508200
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0270583
IRS990/PYInvestmentIncomeAmt01352
IRS990/PYOtherExpensesAmt0999496
IRS990/PYOtherRevenueAmt070190
IRS990/PYProgramServiceRevenueAmt0565833
IRS990/PYRevenuesLessExpensesAmt0119616
IRS990/PYSalariesCompEmpBnftPaidAmt0755880
IRS990/PYTotalExpensesAmt02025959
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02145575
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-71724
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0555366
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0656097
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0129722
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt0150000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt0210000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0300000
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0202500
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0862500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01400870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01508200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01460314
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01215870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01309500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06894754
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0460
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01352
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0884
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0995
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01254
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04945
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0557851
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0636023
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0531520
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0321495
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0174922
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02221811
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0460
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01352
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0884
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0995
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01254
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04945
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00070
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.90490
IRS990ScheduleA/PublicSupportPY509Pct00.85690
IRS990ScheduleA/PublicSupportTotal509Amt08254065
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0150000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0210000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0300000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0202500
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0862500
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01958721
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02144223
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01991834
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01537365
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01484422
IRS990ScheduleA/Total509Grp/TotalAmt09116565
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01959181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02145575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01992718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01538360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01485676
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09121510
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/DirectContactLegislatorsAmt0123463
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/TotalLobbyingExpendituresAmt0123463
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04532811
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0747283
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05280094
IRS990ScheduleD/EquipmentGrp/BookValueAmt08948
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032100
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt041048
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0411900
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0411900
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0515895
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0263712
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0779607
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RIMA (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) AND SHII (SCHOOL HOLDINGS II, LLC) ARE DISREGARDED ENTITIES AND THE RESULTS OF THEIR OPERATIONS ARE REPORTED IN THE FORM 990 OF RIMA, THEIR SOLE MEMBER. FOR RHODE ISLAND CORPORATE INCOME TAX PURPOSES, SHI AND SHII FILE CORPORATE INCOME TAX RETURNS AND ARE 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. RIMA, SHI AND SHII CURRENTLY HAVE NO TAX EXAMINATIONS IN PROGRESS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,015,996
Liabilities
$5,099,799
Net assets
$916,197
Revenue
$1,959,181
Expenses
$2,030,905
Net income
-$71,724
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
2016Detailed filing. Detailed filing data is available for this year.$6.02$5.10$0.92$1.96$2.03$0.07
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. 2016 filings • 501(c)3 • $5M-$10M nonprofits