Civic Intelligence

Regeneration Schools

990 • Fiscal year 2018 • EIN 47-4287191

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2019

110 E 61 StreetChicago, IL 60637

(646) 610-1493

Siviq Scores

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

Liabilities / Assets

49th percentile

0.08x

Higher debt load relative to assets than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

35th percentile

0.04x

Higher debt load relative to revenue than 35% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

94th percentile

$285,215

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

94th percentile

78%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

79th percentile

26%

Faster revenue growth than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$980,460

Up $430,937 (+78%) from 2017

Net Assets

Up

$902,919

Up $600,462 (+199%) from 2017

Liabilities

Down

$77,541

Down $169,525 (-69%) from 2017

Revenue

Up

$1,865,223

Up $383,993 (+26%) from 2017

Expenses

Down

$1,285,396

Down $84,436 (-6.2%) from 2017

Net Income

Up

$579,827

Up $468,429 (+421%) from 2017

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2016: $710,615Liabilities 2016: $132,269Net Assets 2016: $578,3462016Assets 2017: $549,523Liabilities 2017: $247,066Net Assets 2017: $302,4572017Assets 2018: $980,460Liabilities 2018: $77,541Net Assets 2018: $902,9192018Assets 2019: $2,022,494Liabilities 2019: $906,779Net Assets 2019: $1,115,7152019Assets 2020: $4,326,516Liabilities 2020: $3,567,917Net Assets 2020: $758,5992020Assets 2021: $3,849,908Liabilities 2021: $3,588,307Net Assets 2021: $261,6012021Assets 2022: $3,934,997Liabilities 2022: $1,470,878Net Assets 2022: $2,464,1192022Assets 2023: $4,453,891Liabilities 2023: $1,817,036Net Assets 2023: $2,636,8552023Assets 2024: $2,696,915Liabilities 2024: $832,305Net Assets 2024: $1,864,6102024

Highlighted filing

2018

Assets$980,460
Liabilities$77,541
Net Assets$902,919

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $1,293,961Expenses 2016: $715,615Net Income 2016: $578,3462016Revenue 2017: $1,481,230Expenses 2017: $1,369,832Net Income 2017: $111,3982017Revenue 2018: $1,865,223Expenses 2018: $1,285,396Net Income 2018: $579,8272018Revenue 2019: $3,441,479Expenses 2019: $3,228,683Net Income 2019: $212,7962019Revenue 2020: $3,944,538Expenses 2020: $4,301,654Net Income 2020: -$357,1162020Revenue 2021: $2,448,192Expenses 2021: $2,945,190Net Income 2021: -$496,9982021Revenue 2022: $4,335,627Expenses 2022: $2,165,957Net Income 2022: $2,169,6702022Revenue 2023: $3,115,158Expenses 2023: $2,942,422Net Income 2023: $172,7362023Revenue 2024: $6,293,544Expenses 2024: $7,065,789Net Income 2024: -$772,2452024

Highlighted filing

2018

Revenue$1,865,223
Expenses$1,285,396
Net Income$579,827
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$1,865,223
Mission and Program Overview

Mission

Regeneration schools is a non-profit school turnaround organization that is dedicated to revitalizing failing schools through a college prep and character mission. We currently manage a network of schools in chicago, illinois.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$478,142$741,756▲ $263,614
Accounts Receivable$65,710$0▼ $65,710
Pledges and Grants Receivable$40,000$0▼ $40,000
Prepaid Expenses and Deferred Charges$6,196$33,018▲ $26,822
Total Assets$590,048$980,460▲ $390,412
Other Assets Total$0$205,686▲ $205,686
Liabilities
Other Liabilities$158,187$0▼ $158,187
Accounts Payable and Accrued Expenses$108,769$77,541▼ $31,228
Total Liabilities$266,956$77,541▼ $189,415
Net Assets / Fund Balance
Unrestricted Net Assets$323,092$902,919▲ $579,827
Total Net Assets Fund Balance$323,092$902,919▲ $579,827
Total Liabilities and Net Assets / Fund Balance$590,048$980,460▲ $390,412

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$205,686--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stacey ShellsCEOFT$246,249$38,966$285,215
Brandon KimbleFormer StaffFT$141,923$45,101$187,024
Elissa KleinChief of StaffFT$138,462$33,179$171,641
Matthew WalterCFOFT$144,808$24,046$168,854

Board Members and Trustees

NameTitle
Josh AndersonChairperson
Richard TolliverBoard Member
Susan AsiyanbiBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$200,028
Program Service Revenue
$1,646,001
Investment Income
$0
Other Revenue
$19,194
All Other Contributions
$200,028
Change in Net Assets
$579,827

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,865,223
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,865,223
Total Revenue per Form 990
$1,865,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,013,667
Other Expenses$271,729
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$731,461$81,273-$812,734
Fees for Services Management$134,822$14,980-$149,802
Other Employee Benefits$65,050$7,228-$72,278
Payroll Taxes$58,998$6,555-$65,553
Other Salaries and Wages$56,791$6,311-$63,102
Travel$41,730--$41,730
Office Expenses$14,181$1,576-$15,757
Insurance$3,390$375-$3,765
Other Expenses$1,986$221-$2,207
Total Functional Expenses$1,157,542$127,854$0$1,285,396

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,285,396
Total Expenses per Audited Statements$1,285,396
Total Expenses per Form 990$1,285,396
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the 990 return was provided to all board members prior to its filing.

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

Conflict of interest is monitored on an annual basis by the board.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Regeneration Schools
EIN
47-4287191
Phone
6466101493
Address
110 E 61 STREET, CHICAGO, IL 60637

Signing Officer

Name
Elissa Klein
Title
Chief of Staff
Phone
6466101493
Signed
2019-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacey Shells
Formed
2015
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
18
Volunteers
5

Preparer

Firm
Sassetti LLC
Address
6611 NORTH AVENUE, OAK PARK, IL 60302
Preparer
Jeff Schroeder
Phone
7083861433
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IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0246249
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1138462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2141923
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3144808
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount017066
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount118205
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount217024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount315855
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt021900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt114974
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt228077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt38191
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STACEY SHELLS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ELISSA KLEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2BRANDON KIMBLE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MATTHEW WALTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CHIEF OF STAFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2FORMER STAFF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0285215
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1171641
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2187024
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3168854
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt30
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 RETURN WAS PROVIDED TO ALL BOARD MEMBERS PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST IS MONITORED ON AN ANNUAL BASIS BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0590048
IRS990/TotalAssetsEOYAmt0980460
IRS990/TotalAssetsGrp/BOYAmt0590048
IRS990/TotalAssetsGrp/EOYAmt0980460
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0200028
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0127854
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01157542
IRS990/TotalFunctionalExpensesGrp/TotalAmt01285396
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0266956
IRS990/TotalLiabilitiesEOYAmt077541
IRS990/TotalLiabilitiesGrp/BOYAmt0266956
IRS990/TotalLiabilitiesGrp/EOYAmt077541
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0323092
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0902919
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01157542
IRS990/TotalProgramServiceRevenueAmt01646001
IRS990/TotalReportableCompFromOrgAmt0812734
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01665195
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01865223
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0590048
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0980460
IRS990/TotReportableCompRltdOrgAmt00

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