Civic Intelligence

Rise Academy

990 • Fiscal year 2018 • EIN 75-2759258

Sep 01, 2017 to Aug 31, 2018 • Filed on Feb 05, 2019

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

55th percentile

0.12x

Higher debt load relative to assets than 55% of similar nonprofits.

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

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

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

Net Margin

69th percentile

12%

Higher net margin than 69% of similar nonprofits.

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

Top Officer Pay

47th percentile

$57,506

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

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

Asset Growth

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

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

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

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

Assets

Up

$3,208,874

Up $298,793 (+10%) from 2017

Net Assets

Up

$2,813,634

Up $317,386 (+13%) from 2017

Liabilities

Down

$395,240

Down $18,593 (-4.5%) from 2017

Revenue

Up

$2,563,013

Up $321,211 (+14%) from 2017

Expenses

Up

$2,245,627

Up $67,773 (+3.1%) from 2017

Net Income

Up

$317,386

Up $253,438 (+396%) 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 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

2018

Assets$3,208,874
Liabilities$395,240
Net Assets$2,813,634

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

2018

Revenue$2,563,013
Expenses$2,245,627
Net Income$317,386
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Feb 5, 2019
Return Version
2017v2.2
Gross Receipts
$2,563,013
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,758,069$1,814,228▲ $56,159
Cash and Non-Interest-Bearing Accounts$973,800$627,741▼ $346,059
Savings and Temporary Cash Investments-$551,753-
Pledges and Grants Receivable$177,705$215,152▲ $37,447
Accounts Receivable$507$0▼ $507
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,910,081$3,208,874▲ $298,793
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$363,044$328,611▼ $34,433
Accounts Payable and Accrued Expenses$40,629$61,799▲ $21,170
Deferred Revenue$8,110$2,778▼ $5,332
Other Liabilities$2,050$2,052▲ $2
Total Liabilities$413,833$395,240▼ $18,593
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,092,146$2,409,534▲ $317,388
Unrestricted Net Assets$404,102$404,100▼ $2
Total Net Assets Fund Balance$2,496,248$2,813,634▲ $317,386
Total Liabilities and Net Assets / Fund Balance$2,910,081$3,208,874▲ $298,793

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,814,228$623,318$2,437,546
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard P BaumgartnerSchool DirectorFT$57,506$57,506

Board Members and Trustees

NameTitle
Billy HueyDirector
Clarence WalkerDirector
Francisco GutierrezDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,555,208
Program Service Revenue
$0
Investment Income
$7,805
Other Revenue
$0
All Other Contributions
$46,843
Change in Net Assets
$317,386

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,563,013
Total Revenue per Audited Statements
$2,563,013
Total Revenue per Form 990
$2,563,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,676,415
Other Expenses$569,212
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,344,231$71,070-$1,415,301
Fees for Services Other$164,969$2,200-$167,169
Other Employee Benefits$142,327$13,945-$156,272
Depreciation Depletion$86,253--$86,253
Current Officers, Directors, Trustees, and Key Employees$57,506--$57,506
Payroll Taxes$45,244$2,092-$47,336
Fees for Services Accounting-$26,100-$26,100
Insurance$21,897--$21,897
Interest$21,207--$21,207
Other Expenses$17,429$3,230-$17,429
Travel$3,740--$3,740
Fees for Services Legal-$2,309-$2,309
Total Functional Expenses$2,095,329$150,298$0$2,245,627

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,245,627
Total Expenses per Audited Statements$2,245,627
Total Expenses per Form 990$2,245,627
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$2,050
Rounding$2
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, Part VI, Line 11B: Form 990 Review Process

Organization's process is to review Form 990. Board members review and approve Form 990 before it is filed.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Enforcement of Conflicts Policy, financial transactions or arrangements are evaluated as they arise for conflicts of interest.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation process for top official: Board members discuss and vote on employee compensation in regular board meetings.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents disclosure explanation 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
Signed
2019-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard P Baumgartner
Formed
1998
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
2
Employees
52

Preparer

Firm
Gayla D Fullerton CPA
Address
3444 North First Street Suite 404, Abilene, TX 79603
Preparer
Gayla Fullerton
Phone
3252681033
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt054648
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0551753
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02563013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02235776
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02207951
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02069329
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01966161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011042230
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06590
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05651
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04878
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023145
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99790
IRS990ScheduleA/PublicSupportPY170Pct00.99700
IRS990ScheduleA/PublicSupportTotal170Amt011042230
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02563013
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02235776
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02207951
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02069329
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01966161
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011042230
IRS990ScheduleA/TotalSupportAmt011065375
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01814228
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0623318
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02437546
IRS990ScheduleD/ExpensesSubtotalAmt02245627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/RevenueSubtotalAmt02563013
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01814228
IRS990ScheduleD/TotalExpensesPerForm990Amt02245627
IRS990ScheduleD/TotalLiabilityAmt02052
IRS990ScheduleD/TotalRevenuePerForm990Amt02563013
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02563013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02245627
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization's process is to review Form 990. Board members review and approve Form 990 before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Enforcement of Conflicts Policy, financial transactions or arrangements are evaluated as they arise for conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation process for top official: Board members discuss and vote on employee compensation in regular board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Governing documents disclosure explanation paper copies are made and distributed upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt02092146
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt02409534
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02910081
IRS990/TotalAssetsEOYAmt03208874
IRS990/TotalAssetsGrp/BOYAmt02910081
IRS990/TotalAssetsGrp/EOYAmt03208874
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt02555208
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0150298
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02095329
IRS990/TotalFunctionalExpensesGrp/TotalAmt02245627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0413833
IRS990/TotalLiabilitiesEOYAmt0395240
IRS990/TotalLiabilitiesGrp/BOYAmt0413833
IRS990/TotalLiabilitiesGrp/EOYAmt0395240
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02496248
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02813634
IRS990/TotalProgramServiceExpensesAmt02095329
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt057506
IRS990/TotalRevenueGrp/ExclusionAmt07805
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02563013
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02910081
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03208874
IRS990/TravelGrp/ProgramServicesAmt03740
IRS990/TravelGrp/TotalAmt03740
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0404102
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0404100
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01824 E Harvard
IRS990/USAddress/CityNm0Lubbock
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079403
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0www.riseacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard P Baumgartner
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-05
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/PreparerFirmEIN0811436999
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Gayla D Fullerton CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03444 North First Street Suite 404
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Abilene
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079603
ReturnHeader/PreparerPersonGrp/PhoneNum03252681033
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Gayla Fullerton
ReturnHeader/ReturnTs02019-02-05T10:50:48-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-09-01

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
2018Detailed filing. Detailed filing data is available for this year.$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