Civic Intelligence

Achievement First Rhode Island Inc C/O Achievement First Inc

990 • Fiscal year 2017 • EIN 46-1986417

Jul 01, 2016 to Jun 30, 2017 • Filed on Feb 28, 2018

Organization Profilewww.achievementfirst.org

View Organization Page

495 Blake StreetNew Haven, CT 06515

(203) 773-3223

Siviq Scores

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

Liabilities / Assets

87th percentile

0.81x

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

73rd percentile

0.67x

Higher debt load relative to revenue than 73% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

34th percentile

-0.3%

Higher net margin than 34% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

45th percentile

$159,744

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

40th percentile

2.0%

Faster asset growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

80th percentile

26%

Faster revenue growth than 80% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$10,311,848

Up $207,006 (+2.0%) from 2016

Net Assets

Down

$1,933,641

Down $41,301 (-2.1%) from 2016

Liabilities

Up

$8,378,207

Up $248,307 (+3.1%) from 2016

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin34th percentile

Revenue

Up

$12,517,541

Up $2,596,396 (+26%) from 2016

Expenses

Up

$12,558,842

Up $2,432,242 (+24%) from 2016

Net Income

Up

-$41,301

Up $164,154 (+80%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

$100M$50M$0Assets 2013: $2,285,140Liabilities 2013: $2,285,140Net Assets 2013: $02013Assets 2014: $5,962,362Liabilities 2014: $4,149,125Net Assets 2014: $1,813,2372014Assets 2015: $10,176,628Liabilities 2015: $7,996,231Net Assets 2015: $2,180,3972015Assets 2016: $10,104,842Liabilities 2016: $8,129,900Net Assets 2016: $1,974,9422016Assets 2017: $10,311,848Liabilities 2017: $8,378,207Net Assets 2017: $1,933,6412017Assets 2018: $9,799,560Liabilities 2018: $7,816,941Net Assets 2018: $1,982,6192018Assets 2019: $14,183,256Liabilities 2019: $11,945,781Net Assets 2019: $2,237,4752019Assets 2020: $16,165,743Liabilities 2020: $13,754,756Net Assets 2020: $2,410,9872020Assets 2021: $19,683,627Liabilities 2021: $11,534,744Net Assets 2021: $8,148,8832021Assets 2022: $69,973,568Liabilities 2022: $61,195,780Net Assets 2022: $8,777,7882022Assets 2023: $80,620,877Liabilities 2023: $68,021,668Net Assets 2023: $12,599,2092023Assets 2024: $92,867,273Liabilities 2024: $73,885,904Net Assets 2024: $18,981,3692024

Highlighted filing

2017

Assets$10,311,848
Liabilities$8,378,207
Net Assets$1,933,641
Open 2017 Filing

Operations Trend

Revenue Growth80th percentile

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

$80M$60M$40M$20M$0-$20MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $5,746,988Expenses 2014: $3,933,751Net Income 2014: $1,813,2372014Revenue 2015: $6,233,773Expenses 2015: $5,866,613Net Income 2015: $367,1602015Revenue 2016: $9,921,145Expenses 2016: $10,126,600Net Income 2016: -$205,4552016Revenue 2017: $12,517,541Expenses 2017: $12,558,842Net Income 2017: -$41,3012017Revenue 2018: $16,256,869Expenses 2018: $16,207,891Net Income 2018: $48,9782018Revenue 2019: $19,491,830Expenses 2019: $19,236,974Net Income 2019: $254,8562019Revenue 2020: $24,759,125Expenses 2020: $24,585,613Net Income 2020: $173,5122020Revenue 2021: $34,238,868Expenses 2021: $28,500,972Net Income 2021: $5,737,8962021Revenue 2022: $43,534,059Expenses 2022: $42,905,154Net Income 2022: $628,9052022Revenue 2023: $53,387,295Expenses 2023: $49,565,874Net Income 2023: $3,821,4212023Revenue 2024: $65,360,585Expenses 2024: $58,978,425Net Income 2024: $6,382,1602024

Highlighted filing

2017

Revenue$12,517,541
Expenses$12,558,842
Net Income-$41,301
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Feb 28, 2018
Return Version
2016v3.0
Gross Receipts
$12,517,541
Mission and Program Overview

Mission

The mission of achievement first rhode island is to strengthen the academic and character skills needed for all students to excel in top-tier colleges, to achieve success in a competitive world and to serve as the next generation of leaders in their communities. The schools serves students from low income households in providence, rhode island. The school operated classes for students in kindergarden through sixth grade.

THE MISSION OF ACHIEVEMENT FIRST IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN PROVIDENCE, RHODE ISLAND. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN kindergarden THROUGH fourth GRADE.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,776,786$7,944,259▼ $832,527
Accounts Receivable$292,022$1,581,160▲ $1,289,138
Cash and Non-Interest-Bearing Accounts$780,014$445,569▼ $334,445
Savings and Temporary Cash Investments$196,743$162,597▼ $34,146
Prepaid Expenses and Deferred Charges$46,737$124,127▲ $77,390
Total Assets$10,104,842$10,311,848▲ $207,006
Other Assets Total$12,540$54,136▲ $41,596
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,066,742$6,843,520▼ $223,222
Other Liabilities$756,411$1,070,205▲ $313,794
Accounts Payable and Accrued Expenses$306,747$464,482▲ $157,735
Total Liabilities$8,129,900$8,378,207▲ $248,307
Net Assets / Fund Balance
Unrestricted Net Assets$1,974,942$1,933,641▼ $41,301
Total Net Assets Fund Balance$1,974,942$1,933,641▼ $41,301
Total Liabilities and Net Assets / Fund Balance$10,104,842$10,311,848▲ $207,006

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,666,771$2,476,399$10,143,170
Equipment$170,889$114,032$284,921
Other Land Buildings$106,599$86,481$193,080
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Morgan CarterprincipalFT$145,282$15,434$160,716
Kevin LohelaprincipalFT$128,201$10,639$138,840

Board Members and Trustees

NameTitle
Jorge ElorzaChair
Brian GalloglyVice-Chair
James WileyDirector
John IgliozziDirector
Maryellen ButkeDirector
Norman McCullochDirector
Robert lucianoDirector
Ben SmithDirector/treasurer
Macky McClearyoutgoing Treasurer
Percy ballahParent Representative
Soraida MoralesParent Representative
Reshma SinghSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Achievement firstManagement services495 blake street, new haven, CT 06515$1,298,237
Revenue and Support

Revenue Composition

Contributions and Grants
$725,420
Program Service Revenue
$11,792,121
Investment Income
$0
Other Revenue
$0
All Other Contributions
$725,420
Change in Net Assets
$-41,301

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,517,541
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$12,517,541
Total Revenue per Form 990
$12,517,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$7,087,030
Other Expenses$5,471,812
Total Fundraising Expense$11,376
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,987,233$762,492-$5,749,725
Fees for Services Management$1,221,949$64,912$11,376$1,298,237
Depreciation Depletion$763,062$190,766-$953,828
Other Employee Benefits$585,153$89,464-$674,617
Payroll Taxes$486,839$74,432-$561,271
Interest-$354,701-$354,701
Fees for Services Other$258,656$7,771-$266,427
Information Technology$244,437$5,099-$249,536
All Other Expenses$208,440$18,094-$226,534
Office Expenses$136,274$71,591-$207,865
Occupancy$144,979$22,166-$167,145
Other Expenses$106,170$16,232-$122,402
Pension Plan Contributions$87,968$13,449-$101,417
Insurance$52,189$7,979-$60,168
Advertising$49,080--$49,080
Fees for Services Accounting-$23,000-$23,000
Total Functional Expenses$10,771,243$1,776,223$11,376$12,558,842

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$12,558,842
Total Expenses per Audited Statements$12,558,842
Total Expenses per Form 990$12,558,842
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
due from network support$1,070,205
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 3

“The organization delegates certain financial functions, specifically accounting and bookkeeping, to the charter management organization, achievement first, inc.”

Form 990, Part VI, Section B, line 11B

“THE FORM 990 IS GIVEN TO THE BOARD TREASURER and controller WHO REVIEW IT ON BEHALF OF THE BOARD PRIOR TO SUBMISSION TO THE IRS.”

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

“Board members are required to annually disclose conflicts of interest. Vendors and major contractors are required to ensure there is no conflict of interest.”

Form 990, Part VI, Section B, line 15

“Salaries are determined through comparison with local school district to ensure compensation is competitive. Continuing employment is reviewed and approved annually by the board of trustees.”

Form 990, Part VI, Section C, line 19

“ALL OF THESE DOCUMENTS ARE AVAILABLE UPON REQUEST AT NO COST TO THE PUBLIC. THE ORGANIZATION'S FORM 990 IS AVAILABLE BOTH UPON REQUEST AND ON THE WEBSITE www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Achievement First Rhode Island Inc
EIN
46-1986417
Phone
2037733223
Address
495 Blake Street, New Haven, CT 06515

Signing Officer

Name
Ben Smith
Title
Treasurer
Phone
2037733223
Signed
2018-02-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ben Smith
Formed
2012
Legal Domicile
Ri
Voting Board Members
12
Independent Board Members
12
Employees
144
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
350 CHURCH STREET 12TH FLOOR, HARTFORD, CT 06103
Preparer
Kimberly Nardone
Phone
9592007000
Supplemental Narrative

Additional Explanations

Form 990 part XII line 2C

“The Organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”

Financial Statement Notes

Part X, Line 2:

“The academy has no unrecognized tax benefits at june 30, 2017. The academys initial federal tax return was filed for fiscal year 2014, accordingly there are no closed periods. Management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, the academy would recognize interest and penalties associated with tax matters as part of management and general expenses in the statement of activities and changes in net assets and include accrued interest and penalties in accrued expenses in the statement of financial position. The academy did not recognize any interest or penalties associated with tax matters for the year ended june 30, 2017.”

Raw XML AppendixShowing 400 of 530 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Brian Gallogly
IRS990/Form990PartVIISectionAGrp/PersonNm2James Wiley
IRS990/Form990PartVIISectionAGrp/PersonNm3John Igliozzi
IRS990/Form990PartVIISectionAGrp/PersonNm4Jorge Elorza
IRS990/Form990PartVIISectionAGrp/PersonNm5Macky McCleary
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IRS990/Form990PartVIISectionAGrp/PersonNm7Norman McCulloch
IRS990/Form990PartVIISectionAGrp/PersonNm8Percy ballah
IRS990/Form990PartVIISectionAGrp/PersonNm9Reshma Singh
IRS990/Form990PartVIISectionAGrp/PersonNm10Robert luciano
IRS990/Form990PartVIISectionAGrp/PersonNm11Soraida Morales
IRS990/Form990PartVIISectionAGrp/PersonNm12Kevin Lohela
IRS990/Form990PartVIISectionAGrp/PersonNm13Morgan Carter
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director/treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5outgoing Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Parent Representative
IRS990/Form990PartVIISectionAGrp/TitleTxt9Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Parent Representative
IRS990/Form990PartVIISectionAGrp/TitleTxt12principal
IRS990/Form990PartVIISectionAGrp/TitleTxt13principal
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt012517541
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05099
IRS990/InformationTechnologyGrp/ProgramServicesAmt0244437
IRS990/InformationTechnologyGrp/TotalAmt0249536
IRS990/InsuranceGrp/ManagementAndGeneralAmt07979
IRS990/InsuranceGrp/ProgramServicesAmt052189
IRS990/InsuranceGrp/TotalAmt060168
IRS990/InterestGrp/ManagementAndGeneralAmt0354701
IRS990/InterestGrp/TotalAmt0354701
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt08776786
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07944259
IRS990/LandBldgEquipCostOrOtherBssAmt010621171
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of Achievement First is to strengthen the academic and character skills needed for all students to excel in top-tier colleges, to achieve success in a competitive world and to serve as the next generation of leaders in their communities. The schools serves students from low income households in Providence, Rhode Island. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN kindergarden THROUGH fourth GRADE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07066742
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06843520
IRS990/NetAssetsOrFundBalancesBOYAmt01974942
IRS990/NetAssetsOrFundBalancesEOYAmt01933641
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt022166
IRS990/OccupancyGrp/ProgramServicesAmt0144979
IRS990/OccupancyGrp/TotalAmt0167145
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt071591
IRS990/OfficeExpensesGrp/ProgramServicesAmt0136274
IRS990/OfficeExpensesGrp/TotalAmt0207865
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012540
IRS990/OtherAssetsTotalGrp/EOYAmt054136
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt089464
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0585153
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0674617
IRS990/OtherExpensesGrp/Desc0Student field trips and
IRS990/OtherExpensesGrp/Desc1Repairs and maintenance
IRS990/OtherExpensesGrp/Desc2Classroom supplies and
IRS990/OtherExpensesGrp/Desc3Furniture and equipment
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt054075
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt116232
IRS990/OtherExpensesGrp/ProgramServicesAmt0826046
IRS990/OtherExpensesGrp/ProgramServicesAmt1353691
IRS990/OtherExpensesGrp/ProgramServicesAmt2259077
IRS990/OtherExpensesGrp/ProgramServicesAmt3106170
IRS990/OtherExpensesGrp/TotalAmt0826046
IRS990/OtherExpensesGrp/TotalAmt1407766
IRS990/OtherExpensesGrp/TotalAmt2259077
IRS990/OtherExpensesGrp/TotalAmt3122402
IRS990/OtherLiabilitiesGrp/BOYAmt0756411
IRS990/OtherLiabilitiesGrp/EOYAmt01070205
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0762492
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04987233
IRS990/OtherSalariesAndWagesGrp/TotalAmt05749725
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt074432
IRS990/PayrollTaxesGrp/ProgramServicesAmt0486839
IRS990/PayrollTaxesGrp/TotalAmt0561271
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt013449
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt087968
IRS990/PensionPlanContributionsGrp/TotalAmt0101417
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt046737
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0124127
IRS990/PrincipalOfficerNm0Ben Smith
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0State and local per pupil operati
IRS990/ProgramServiceRevenueGrp/Desc1grants from government contracts
IRS990/ProgramServiceRevenueGrp/Desc2state and local Special education
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010765129
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1670218
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2356774
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010765129
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1670218
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2356774
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01019766
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04601171
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt08901379
IRS990/PYRevenuesLessExpensesAmt0-205455
IRS990/PYSalariesCompEmpBnftPaidAmt05525429
IRS990/PYTotalExpensesAmt010126600
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09921145
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-41301
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011792121
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0196743
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0162597
IRS990ScheduleA/SchoolInd0X
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
IRS990ScheduleD/EquipmentGrp/BookValueAmt0170889
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0114032
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0284921
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012558842
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07666771
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02476399
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt010143170
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0106599
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt086481
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0193080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01070205
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0due from network support
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt012517541
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ACADEMY HAS NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2017. THE ACADEMYS INITIAL FEDERAL TAX RETURN WAS FILED FOR FISCAL YEAR 2014, ACCORDINGLY THERE ARE NO CLOSED PERIODS. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF APPLICABLE, THE ACADEMY WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH TAX MATTERS AS PART OF MANAGEMENT AND GENERAL EXPENSES IN THE STATEMENT OF ACTIVITIES AND CHANGES IN NET ASSETS AND INCLUDE ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENT OF FINANCIAL POSITION. THE ACADEMY DID NOT RECOGNIZE ANY INTEREST OR PENALTIES ASSOCIATED WITH TAX MATTERS FOR THE YEAR ENDED JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07944259
IRS990ScheduleD/TotalExpensesPerForm990Amt012558842
IRS990ScheduleD/TotalLiabilityAmt01070205
IRS990ScheduleD/TotalRevenuePerForm990Amt012517541
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt012517541
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012558842
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0UPON PUBLICIZING ITS LOTTERY EACH YEAR FOR NEW STUDENTS, ACHIEVEMENT FIRST Rhode Island Academy INCLUDES IN ITS APPLICATION MATERIALS THE FOLLOWING NON-DISCRIMINATORY POLICY: "ACHIEVEMENT FIRST RHODE ISLAND WILL NOT DISCRIMINATE AGAINST ANY STUDENT, EMPLOYEE, OR OTHER PERSON ON THE BASIS OF NATIONAL ORIGIN, ETHNICITY, GENDER, OR DISABILITY OR ANY OTHER GROUND THAT WOULD BE UNLAWFUL IF DONE BY ANY OTHER PUBLIC SCHOOL".
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO SCHOLARSHIPS GIVEN IN THE CURRENT YEAR
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2STATE AND LOCAL GOVERNMENT PER PUPIL FUNDING, FEDERAL TITLE FUNDINGS, AND OTHER CONTRACTS WITH STATE AND LOCAL GOVERNMENTS IN CONNECTION WITH THE CHARTER SCHOOL STATUS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2Schedule E, Part I, Line 6
IRS990ScheduleJ/AnyNonFixedPaymentsInd01
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,311,848
Liabilities
$8,378,207
Net assets
$1,933,641
Revenue
$12,517,541
Expenses
$12,558,842
Net income
-$41,301
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$92.9$73.9$19.0$65.4$59.0$6.38
2023Detailed filing. Detailed filing data is available for this year.$80.6$68.0$12.6$53.4$49.6$3.82
2022Detailed filing. Detailed filing data is available for this year.$70.0$61.2$8.78$43.5$42.9$0.63
2021Detailed filing. Detailed filing data is available for this year.$19.7$11.5$8.15$34.2$28.5$5.74
2020Detailed filing. Detailed filing data is available for this year.$16.2$13.8$2.41$24.8$24.6$0.17
2019Detailed filing. Detailed filing data is available for this year.$14.2$11.9$2.24$19.5$19.2$0.25
2018Detailed filing. Detailed filing data is available for this year.$9.80$7.82$1.98$16.3$16.2$0.05
2017Detailed filing. Detailed filing data is available for this year.$10.3$8.38$1.93$12.5$12.6$0.04
2016Detailed filing. Detailed filing data is available for this year.$10.1$8.13$1.97$9.92$10.1$0.21
2015Detailed filing. Detailed filing data is available for this year.$10.2$8.00$2.18$6.23$5.87$0.37
2014Detailed filing. Detailed filing data is available for this year.$5.96$4.15$1.81$5.75$3.93$1.81
2013Summary only. Only limited summary data is available for this year.$2.29$2.29$0.00$0.00$0.00$0.00