Civic Intelligence

Rise Academy

990 • Fiscal year 2015 • EIN 75-2759258

Sep 01, 2014 to Aug 31, 2015 • Filed on Feb 22, 2016

207 Mlk BlvdLubbock, TX 79403

(806) 744-0438

Siviq Scores

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

Liabilities / Assets

58th percentile

0.17x

Higher debt load relative to assets than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.23x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

49th percentile

2.3%

Higher net margin than 49% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

55th percentile

$72,500

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

43rd percentile

-0.9%

Faster asset growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

58th percentile

6.8%

Faster revenue growth than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$2,825,563

Down $24,423 (-0.9%) from 2014

Net Assets

Up

$2,344,344

Up $49,254 (+2.1%) from 2014

Liabilities

Down

$481,219

Down $73,677 (-13%) from 2014

Revenue

Up

$2,105,275

Up $134,236 (+6.8%) from 2014

Expenses

Up

$2,056,021

Up $173,371 (+9.2%) from 2014

Net Income

Down

$49,254

Down $39,135 (-44%) from 2014

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 2011: $2,676,651Liabilities 2011: $602,354Net Assets 2011: $2,074,2972011Assets 2012: $2,806,793Liabilities 2012: $591,376Net Assets 2012: $2,215,4172012Assets 2013: $2,791,961Liabilities 2013: $585,260Net Assets 2013: $2,206,7012013Assets 2014: $2,849,986Liabilities 2014: $554,896Net Assets 2014: $2,295,0902014Assets 2015: $2,825,563Liabilities 2015: $481,219Net Assets 2015: $2,344,3442015Assets 2016: $2,900,223Liabilities 2016: $467,923Net Assets 2016: $2,432,3002016Assets 2017: $2,910,081Liabilities 2017: $413,833Net Assets 2017: $2,496,2482017Assets 2018: $3,208,874Liabilities 2018: $395,240Net Assets 2018: $2,813,6342018Assets 2019: $3,354,611Liabilities 2019: $360,703Net Assets 2019: $2,993,9082019Assets 2020: $3,745,900Liabilities 2020: $585,218Net Assets 2020: $3,160,6822020Assets 2021: $3,749,179Liabilities 2021: $331,017Net Assets 2021: $3,418,1622021Assets 2022: $4,027,688Liabilities 2022: $263,893Net Assets 2022: $3,763,7952022Assets 2023: $4,198,844Liabilities 2023: $239,412Net Assets 2023: $3,959,4322023

Highlighted filing

2015

Assets$2,825,563
Liabilities$481,219
Net Assets$2,344,344

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $1,806,958Expenses 2011: $1,674,502Net Income 2011: $132,4562011Revenue 2012: $1,802,399Expenses 2012: $1,661,279Net Income 2012: $141,1202012Expenses 2013: $1,817,0292013Revenue 2014: $1,971,039Expenses 2014: $1,882,650Net Income 2014: $88,3892014Revenue 2015: $2,105,275Expenses 2015: $2,056,021Net Income 2015: $49,2542015Revenue 2016: $2,214,541Expenses 2016: $2,126,585Net Income 2016: $87,9562016Revenue 2017: $2,241,802Expenses 2017: $2,177,854Net Income 2017: $63,9482017Revenue 2018: $2,563,013Expenses 2018: $2,245,627Net Income 2018: $317,3862018Revenue 2019: $2,637,580Expenses 2019: $2,457,308Net Income 2019: $180,2722019Revenue 2020: $2,862,212Expenses 2020: $2,695,438Net Income 2020: $166,7742020Revenue 2021: $3,146,070Expenses 2021: $2,888,590Net Income 2021: $257,4802021Revenue 2022: $3,383,411Expenses 2022: $3,037,778Net Income 2022: $345,6332022Revenue 2023: $3,292,787Expenses 2023: $3,097,150Net Income 2023: $195,6372023

Highlighted filing

2015

Revenue$2,105,275
Expenses$2,056,021
Net Income$49,254
Jump To
Filing Snapshot
Filing Period
Sep 1, 2014 to Aug 31, 2015
Signed
Feb 22, 2016
Return Version
2014v6.0
Gross Receipts
$2,113,126
Mission and Program Overview

Mission

Rise academy's goal is to develop academically competitive students who have the knowledge, exposure and foundation to enter into regorous college prep programs at the high school level after they have graduate 8th grade.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,936,015$1,895,953▼ $40,062
Cash and Non-Interest-Bearing Accounts$783,677$764,257▼ $19,420
Accounts Receivable$130,294$165,353▲ $35,059
Total Assets$2,849,986$2,825,563▼ $24,423
Liabilities
Mortgage Notes Payable Secured by Investment Property$427,075$401,833▼ $25,242
Accounts Payable and Accrued Expenses$127,821$79,386▼ $48,435
Total Liabilities$554,896$481,219▼ $73,677
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,890,988$1,940,242▲ $49,254
Unrestricted Net Assets$404,102$404,102→ $0
Total Net Assets Fund Balance$2,295,090$2,344,344▲ $49,254
Total Liabilities and Net Assets / Fund Balance$2,849,986$2,825,563▼ $24,423

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,801,526$322,904$2,124,430
Equipment$28,728$63,247$91,975
Land$65,699-$65,699
Compensation and Service Providers

Employees

NameTitleBaseTotal
Richard P BaumgartnerDirector$72,500$72,500
Sarenda GodfreyBusiness Mgr$48,000$48,000

Board Members and Trustees

NameTitle
Cheri IsettBoard Member
William HueyBoard Member
Frank GutierrezBoard Secret

Highest Paid Contractors

ContractorServicesLocationCompensation
Goertzen ConstructionConstruction1708 98TH STREET, Lubbock, TX 79423$262,950
Revenue and Support

Revenue Composition

Contributions and Grants
$2,069,329
Program Service Revenue
$0
Investment Income
$35,946
Other Revenue
$0
All Other Contributions
$45,559
Change in Net Assets
$49,254

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,105,275
Total Revenue per Audited Statements
$2,105,275
Total Revenue per Form 990
$2,105,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,531,990
Other Expenses$524,031
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,257,293--$1,257,293
Other Employee Benefits$141,877$9,230-$151,107
Fees for Services Accounting$110,176$33,489-$143,665
Current Officers, Directors, Trustees, and Key Employees-$83,942-$83,942
Depreciation Depletion$82,897--$82,897
Payroll Taxes$37,384$2,264-$39,648
All Other Expenses$39,266--$39,266
Interest$32,026--$32,026
Other Expenses$22,176$9,600-$31,776
Insurance$15,978--$15,978
Fees for Services Legal-$11,302-$11,302
Travel$1,315--$1,315
Total Functional Expenses$1,892,182$163,839$0$2,056,021

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,056,021
Total Expenses per Audited Statements$2,056,021
Total Expenses per Form 990$2,056,021
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
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
Yes
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, Page 6, Part VI, Line 11B

Board members review and approve form 990 before it is filed.

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

Financial transactions or arrangements are evaluated as they arise for conflicts of interest.

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

Board members discuss and vote on employee compensation in regular board meetings.

Form 990, Page 6, Part VI, Line 19

Paper copies are made and distributed upon request.

Filing and Contact Details

Filer

Filer Name
Rise Academy
EIN
75-2759258
Phone
8067440438
Address
207 MLK BLVD, LUBBOCK, TX 79403

Signing Officer

Name
Richard P Baumgartner
Title
Director
Phone
8067440438
Signed
2016-02-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard P Baumgartner
Formed
1998
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
3
Employees
50

Preparer

Firm
Gomez & Company
Address
5177 RICHMOND AVE STE 1100, HOUSTON, TX 77056-6748
Preparer
Benjamin P Gomez
Phone
7136665900
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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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IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02105275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02056021
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS REVIEW AND APPROVE FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL TRANSACTIONS OR ARRANGEMENTS ARE EVALUATED AS THEY ARISE FOR CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS DISCUSS AND VOTE ON EMPLOYEE COMPENSATION IN REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAPER COPIES ARE MADE AND DISTRIBUTED UPON REQUEST.
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 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01890988
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01940242
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02849986
IRS990/TotalAssetsEOYAmt02825563
IRS990/TotalAssetsGrp/BOYAmt02849986
IRS990/TotalAssetsGrp/EOYAmt02825563
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02069329
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0163839
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01892182
IRS990/TotalFunctionalExpensesGrp/TotalAmt02056021
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0554896
IRS990/TotalLiabilitiesEOYAmt0481219
IRS990/TotalLiabilitiesGrp/BOYAmt0554896
IRS990/TotalLiabilitiesGrp/EOYAmt0481219
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02295090
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02344344
IRS990/TotalProgramServiceExpensesAmt01892182
IRS990/TotalReportableCompFromOrgAmt0120500
IRS990/TotalRevenueGrp/ExclusionAmt05651
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt030295
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02105275
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02849986
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02825563
IRS990/TravelGrp/ProgramServicesAmt01315
IRS990/TravelGrp/TotalAmt01315
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0404102
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0404102
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0207 MLK BLVD
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079403
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.RISEACADEMY.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD P BAUMGARTNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08067440438
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RISE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0RISE
ReturnHeader/Filer/EIN0752759258
ReturnHeader/Filer/PhoneNum08067440438
ReturnHeader/Filer/USAddress/AddressLine1Txt0207 MLK BLVD
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760225893
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOMEZ & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05177 RICHMOND AVE STE 1100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770566748
ReturnHeader/PreparerPersonGrp/PhoneNum07136665900
ReturnHeader/PreparerPersonGrp/PreparationDt02016-02-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BENJAMIN P GOMEZ
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-02-23T14:11:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-09-01
ReturnHeader/TaxPeriodEndDt02015-08-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.20$0.24$3.96$3.29$3.10$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.03$0.26$3.76$3.38$3.04$0.35
2021Summary only. Only limited summary data is available for this year.$3.75$0.33$3.42$3.15$2.89$0.26
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.75$0.59$3.16$2.86$2.70$0.17
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.35$0.36$2.99$2.64$2.46$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.21$0.40$2.81$2.56$2.25$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.91$0.41$2.50$2.24$2.18$0.06
2016Summary only. Only limited summary data is available for this year.$2.90$0.47$2.43$2.21$2.13$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.83$0.48$2.34$2.11$2.06$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.85$0.55$2.30$1.97$1.88$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.79$0.59$2.21$1.82
2012Summary only. Only limited summary data is available for this year.$2.81$0.59$2.22$1.80$1.66$0.14
2011Summary only. Only limited summary data is available for this year.$2.68$0.60$2.07$1.81$1.67$0.13