Civic Intelligence

Southside Elementary Charter School

990 • Fiscal year 2024 • EIN 46-4002550

Jul 01, 2023 to Jun 30, 2024 • Filed on Apr 12, 2025

135 Prairie AvenueProvidence, RI 02905-2413

(401) 270-9007

Siviq Scores

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

Liabilities / Assets

70th percentile

0.23x

Higher debt load relative to assets than 70% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.13x

Higher debt load relative to revenue than 59% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

5.8%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$119,266

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

80th percentile

23%

Faster asset growth than 80% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

42nd percentile

3.6%

Faster revenue growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,014,456

Up $681,063 (+51%) from 2022

Net Assets

Up

$1,557,692

Up $391,178 (+34%) from 2022

Liabilities

Up

$456,764

Up $289,885 (+174%) from 2022

Revenue

Up

$3,397,823

Up $233,183 (+7.4%) from 2022

Expenses

Up

$3,200,865

Up $198,715 (+6.6%) from 2022

Net Income

Up

$196,958

Up $34,468 (+21%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2014: $43,582Liabilities 2014: $24,221Net Assets 2014: $19,3612014Assets 2015: $250,843Liabilities 2015: $6,953Net Assets 2015: $243,8902015Assets 2016: $470,508Liabilities 2016: $72,592Net Assets 2016: $397,9162016Assets 2017: $509,407Liabilities 2017: $45,370Net Assets 2017: $464,0372017Assets 2018: $504,567Liabilities 2018: $90,129Net Assets 2018: $414,4382018Assets 2019: $482,632Liabilities 2019: $135,566Net Assets 2019: $347,0662019Assets 2020: $954,248Liabilities 2020: $219,044Net Assets 2020: $735,2042020Assets 2021: $1,202,665Liabilities 2021: $157,539Net Assets 2021: $1,045,1262021Assets 2022: $1,333,393Liabilities 2022: $166,879Net Assets 2022: $1,166,5142022Assets 2024: $2,014,456Liabilities 2024: $456,764Net Assets 2024: $1,557,6922024Assets 2025: $2,276,533Liabilities 2025: $262,646Net Assets 2025: $2,013,8872025

Highlighted filing

2024

Assets$2,014,456
Liabilities$456,764
Net Assets$1,557,692

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $97,227Expenses 2014: $77,866Net Income 2014: $19,3612014Revenue 2015: $645,469Expenses 2015: $420,940Net Income 2015: $224,5292015Revenue 2016: $950,816Expenses 2016: $796,790Net Income 2016: $154,0262016Revenue 2017: $1,207,166Expenses 2017: $1,144,413Net Income 2017: $62,7532017Revenue 2018: $1,672,205Expenses 2018: $1,724,088Net Income 2018: -$51,8832018Revenue 2019: $2,119,893Expenses 2019: $2,187,142Net Income 2019: -$67,2492019Revenue 2020: $2,615,265Expenses 2020: $2,224,063Net Income 2020: $391,2022020Revenue 2021: $2,765,935Expenses 2021: $2,471,725Net Income 2021: $294,2102021Revenue 2022: $3,164,640Expenses 2022: $3,002,150Net Income 2022: $162,4902022Revenue 2024: $3,397,823Expenses 2024: $3,200,865Net Income 2024: $196,9582024Revenue 2025: $3,198,908Expenses 2025: $2,757,283Net Income 2025: $441,6252025

Highlighted filing

2024

Revenue$3,397,823
Expenses$3,200,865
Net Income$196,958
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 12, 2025
Return Version
2023v6.0
Gross Receipts
$3,397,823
Mission and Program Overview

Mission

The mission of SouthSide Elementary

The mission of southside elementary charter school is to provide a diverse group of kindergarten through fifth grade students with a solid step towards college and community leadership.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,213,003$1,231,953▲ $18,950
Accounts Receivable$153,300$694,762▲ $541,462
Investments Other Securities$63,239$63,239→ $0
Prepaid Expenses and Deferred Charges$76,592$13,260▼ $63,332
Land, Buildings, and Equipment, Net$40,435$11,242▼ $29,193
Total Assets$1,546,569$2,014,456▲ $467,887
Liabilities
Accounts Payable and Accrued Expenses$178,374$456,764▲ $278,390
Total Liabilities$178,374$456,764▲ $278,390
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,296,332$1,482,324▲ $185,992
Net Assets With Donor Restrictions$71,863$75,368▲ $3,505
Total Net Assets Fund Balance$1,368,195$1,557,692▲ $189,497
Total Liabilities and Net Assets / Fund Balance$1,546,569$2,014,456▲ $467,887

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,242$149,226$160,468

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$63,239---$63,239
2022$61,191-▲ $5,431-$63,239
2021$68,113-▼ $3,621-$61,191
2020$52,403-▲ $18,829-$68,113
2019$55,467-▼ $34-$52,403
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Wendy RandleDirectorFT$119,266$119,266

Board Members and Trustees

NameTitle
Ivory JefferiesEducation Co
Nofret SierraEducation Co
Liza RoachFinance Comm
Madeline BurkeGovernance &
Revenue and Support

Revenue Composition

Contributions and Grants
$662,997
Program Service Revenue
$2,587,140
Investment Income
$51,934
Other Revenue
$95,752
All Other Contributions
$12,841
Change in Net Assets
$196,958

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,397,823
Total Revenue per Audited Statements
$3,397,823
Total Revenue per Form 990
$3,397,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,918,118
Other Expenses$1,282,747
Total Fundraising Expense$43,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,395,285$119,266$14,534$1,529,085
Fees for Services Other$166,236$61,298-$227,534
Occupancy$167,329$35,723$4,465$207,517
All Other Expenses-$135,180$3,486$138,666
Other Employee Benefits$106,498$23,029$2,879$132,406
Payroll Taxes$131,579--$131,579
Other Expenses$126,144$1,528$16,627$127,672
Pension Plan Contributions$125,048--$125,048
Insurance$13,350$10,940$1,368$25,658
Depreciation Depletion$21,458$204$69$21,731
Fees for Services Accounting-$19,000-$19,000
Advertising-$15,936-$15,936
Office Expenses-$4,524$565$5,089
Fees for Services Legal-$889-$889
Total Functional Expenses$2,591,456$565,416$43,993$3,200,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,208,326
Expenses per Audited Statements$3,200,865
Total Expenses per Form 990$3,200,865
Expenses Not Reported on Form 990$7,461
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed and approved by the education director and business manager and distributed to the full board prior to filing.

Form 990, Page 6, Part VI, Line 12C

All board members are required to complete and sign an annual conflict of interest statement.

Form 990, Page 6, Part VI, Line 15A

The education director is subject to an annual performance review performed by the board of directors which is used with other extraneous and contemporaneous information to determine compensation levels.

Form 990, Page 6, Part VI, Line 15B

The board uses performance reviews and other information to determine compensation levels for other officers and key employees.

Form 990, Page 6, Part VI, Line 19

Documents made available upon request.

Filing and Contact Details

Filer

Filer Name
Southside Elementary Charter School
EIN
46-4002550
Phone
4012709007
Address
135 PRAIRIE AVENUE, PROVIDENCE, RI 02905-2413

Signing Officer

Name
Wendy Randle
Title
Director
Phone
4012709007
Signed
2025-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy Randle
Formed
2013
Legal Domicile
Ri
Voting Board Members
4
Independent Board Members
4
Employees
49

Preparer

Firm
Venning Services LLC
Address
711 SILVER STREET, AGAWAM, MA 01001
Preparer
Steven Rizas
Phone
4133005724
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Book / tax depreciation difference -7,461

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 7,461

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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt061191
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt063239
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt061191
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-2712
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-3621
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0-557
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt052403
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt068113
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-2562
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt018829
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0-548
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt052403
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IRS990ScheduleD/ExpensesNotReportedAmt07461
IRS990ScheduleD/ExpensesSubtotalAmt03200865
IRS990ScheduleD/OtherExpensesIncludedAmt07461
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueSubtotalAmt03397823
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 7,461
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0BY DEFINITION, THE DEPARTMENT OF EDUCATION PRECLUDES US FROM DISCRIMINATING AGAINST ANY STUDENT IN THE SELECTION PROCESS. THE DEPARTMENT OF EDUCATION PUBLICIZES THIS ENROLLMENT POLICY.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVES AID FROM THE STATE OF RHODE ISLAND GRANTS THROUGH THE RHODE ISLAND DEPARTMENT OF EDUCATION AND PER PUPIL TUITION FROM LOCAL SCHOOL DISTRICTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED AND APPROVED BY THE EDUCATION DIRECTOR AND BUSINESS MANAGER AND DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE AND SIGN AN ANNUAL CONFLICT OF INTEREST STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EDUCATION DIRECTOR IS SUBJECT TO AN ANNUAL PERFORMANCE REVIEW PERFORMED BY THE BOARD OF DIRECTORS WHICH IS USED WITH OTHER EXTRANEOUS AND CONTEMPORANEOUS INFORMATION TO DETERMINE COMPENSATION LEVELS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD USES PERFORMANCE REVIEWS AND OTHER INFORMATION TO DETERMINE COMPENSATION LEVELS FOR OTHER OFFICERS AND KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOOK / TAX DEPRECIATION DIFFERENCE -7,461
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/USAddress/AddressLine1Txt0135 PRAIRIE AVENUE
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IRS990/WebsiteAddressTxt0WWW.SOUTHSIDEELEMENTARY.ORG
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDY RANDLE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04012709007
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHSIDE ELEMENTARY CHARTER SCHOOL
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VENNING SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0711 SILVER STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AGAWAM
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ReturnHeader/PreparerPersonGrp/PhoneNum04133005724
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-16

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