Civic Intelligence

Rise Academy

990 • Fiscal year 2022 • EIN 75-2759258

Sep 01, 2021 to Aug 31, 2022 • Filed on Jul 17, 2023

Organization ProfileWWW.RISEACADEMY.ORG
207 N 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

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

49th percentile

0.08x

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

56th percentile

10%

Higher net margin than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

70th percentile

$102,666

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 3.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

63rd percentile

7.4%

Faster asset growth than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

53rd percentile

7.5%

Faster revenue growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$4,027,688

Up $278,509 (+7.4%) from 2021

Net Assets

Up

$3,763,795

Up $345,633 (+10%) from 2021

Liabilities

Down

$263,893

Down $67,124 (-20%) from 2021

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin56th percentile

Revenue

Up

$3,383,411

Up $237,341 (+7.5%) from 2021

Expenses

Up

$3,037,778

Up $149,188 (+5.2%) from 2021

Net Income

Up

$345,633

Up $88,153 (+34%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

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

2022

Assets$4,027,688
Liabilities$263,893
Net Assets$3,763,795
Open 2022 Filing

Operations Trend

Revenue Growth53rd percentile

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

2022

Revenue$3,383,411
Expenses$3,037,778
Net Income$345,633
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Jul 17, 2023
Return Version
2021v4.2
Gross Receipts
$3,383,411
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$1,727,458$1,669,764▼ $57,694
Cash and Non-Interest-Bearing Accounts$948,671$1,305,180▲ $356,509
Savings and Temporary Cash Investments$555,737$556,161▲ $424
Pledges and Grants Receivable$517,313$496,583▼ $20,730
Total Assets$3,749,179$4,027,688▲ $278,509
Liabilities
Mortgage Notes Payable Secured by Investment Property$211,840$167,915▼ $43,925
Accounts Payable and Accrued Expenses$118,226$95,224▼ $23,002
Other Liabilities$951$754▼ $197
Total Liabilities$331,017$263,893▼ $67,124
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,886,526$3,200,345▲ $313,819
Net Assets Without Donor Restrictions$531,636$563,450▲ $31,814
Total Net Assets Fund Balance$3,418,162$3,763,795▲ $345,633
Total Liabilities and Net Assets / Fund Balance$3,749,179$4,027,688▲ $278,509

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,492,019$879,094$2,371,113
Equipment$112,046$130,395$242,441
Land$65,699-$65,699
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard BaumgartnerPresident & DirectorFT$100,000$2,666$102,666

Board Members and Trustees

NameTitle
Deshun AveryBoard Member
Raquel GonzalesBoard Member
Frank GutierrezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,376,935
Program Service Revenue
$0
Investment Income
$6,476
Other Revenue
$0
All Other Contributions
$27,995
Change in Net Assets
$345,633

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,383,411
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,383,411
Total Revenue per Form 990
$3,383,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,264,759
Other Expenses$773,019
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,709,848$202,820-$1,912,668
Other Employee Benefits$232,168$19,923-$252,091
Fees for Services Other$57,487$65,209-$122,696
Current Officers, Directors, Trustees, and Key Employees$100,000--$100,000
Depreciation Depletion-$93,832-$93,832
Other Expenses$100,985$63,780-$63,780
All Other Expenses-$54,237-$54,237
Insurance-$23,424-$23,424
Fees for Services Accounting-$22,750-$22,750
Occupancy$22,356--$22,356
Travel$13,134$1,521-$14,655
Interest-$11,519-$11,519
Fees for Services Legal-$996-$996
Total Functional Expenses$2,235,978$801,800$0$3,037,778

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,037,778
Total Expenses per Audited Statements$3,037,778
Total Expenses per Form 990$3,037,778
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
Interest Payable$754
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 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
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

“No review was or will be conducted.”

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

“Conflict of interest policy is monitored and enforced through transparent board meetings and director's reminders.”

Form 990, Part VI, Section C, Line 19

“These policies and financial statements are made in paper copies and distributed upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Richard Baumgartner
Title
President & Director
Phone
8067440438
Signed
2023-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Baumgartner
Formed
1998
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
3
Employees
57
Volunteers
0

Preparer

Firm
Mcconnell & Jones Llp
Address
4828 LOOP CENTRAL DRIVE SUITE 1000, HOUSTON, TX 77081
Preparer
Tene Thomas
Phone
7139681600
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART X, LINE 2:

“The rise academy is a non-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code (the "code"). Accordingly, income taxes are not provided for in the accompanying financial statements. In addition, the academy qualifies for the charitable contribution deduction under section 170(b)(1)(a)(vi) and has been classified as an organization that is not a private foundation under section 509(a)(1) of the code. The academy applies the provisions of fasb asc 740, income taxes, which prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Fasb asc 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The academy believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Generally, the academy tax returns remain open for federal income tax examination for three years from the date of filing.”

Raw XML Appendix371 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0118226
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt095224
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0RISE 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.
IRS990/AllOtherContributionsAmt027995
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt054237
IRS990/AllOtherExpensesGrp/TotalAmt054237
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CAROL VOIT ESC REGION 17
IRS990/BooksInCareOfDetail/PhoneNum08062815800
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0207 N MLK BLVD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LUBBOCK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd079403
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0948671
IRS990/CashNonInterestBearingGrp/EOYAmt01305180
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0100000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0100000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03376935
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt06476
IRS990/CYOtherExpensesAmt0773019
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0345633
IRS990/CYSalariesCompEmpBnftPaidAmt02264759
IRS990/CYTotalExpensesAmt03037778
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03383411
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt093832
IRS990/DepreciationDepletionGrp/TotalAmt093832
IRS990/Desc0INSTRUCTION AND INSTRUCTION-RELATED SERVICES THIS FUNCTION IS FOR SERVICES THAT PROVIDE DIRECT INTERACTION BETWEEN STAFF MEMBERS AND STUDENTS TO ACHIEVE STUDENT LEARNING OR PROVIDE STAFF MEMBERS WITH THE APPROPRIATE MATERIALS FOR DEVELOPMENT TO ACHIEVE STUDENT LEARNING.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt02886526
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt03200345
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt057
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02045781
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt022750
IRS990/FeesForServicesAccountingGrp/TotalAmt022750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0996
IRS990/FeesForServicesLegalGrp/TotalAmt0996
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt065209
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt057487
IRS990/FeesForServicesOtherGrp/TotalAmt0122696
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt070.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt02666
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD BAUMGARTNER
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANK GUTIERREZ
IRS990/Form990PartVIISectionAGrp/PersonNm2RAQUEL GONZALES
IRS990/Form990PartVIISectionAGrp/PersonNm3DESHUN AVERY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0100000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt03348940
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03383411
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt023424
IRS990/InsuranceGrp/TotalAmt023424
IRS990/InterestGrp/ManagementAndGeneralAmt011519
IRS990/InterestGrp/TotalAmt011519
IRS990/InvestmentIncomeGrp/ExclusionAmt06476
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt06476
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01009489
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01727458
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01669764
IRS990/LandBldgEquipCostOrOtherBssAmt02679253
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0RISE ACADEMY IS A PUBLIC CHARTER SCHOOL. ITS MISSION IS TO PROVIDE LOW-INCOME STUDENTS WITH A BETTER LIFE PROSPECT THROUGH RIGOROUS EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0211840
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0167915
IRS990/NetAssetsOrFundBalancesBOYAmt03418162
IRS990/NetAssetsOrFundBalancesEOYAmt03763795
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0531636
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0563450
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt022356
IRS990/OccupancyGrp/TotalAmt022356
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt019923
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0232168
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0252091
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIR
IRS990/OtherExpensesGrp/Desc2UTILITIES
IRS990/OtherExpensesGrp/Desc3EDUCATION SERVICE CENTE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt091936
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt178707
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt271146
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt363780
IRS990/OtherExpensesGrp/ProgramServicesAmt0100985
IRS990/OtherExpensesGrp/TotalAmt0192921
IRS990/OtherExpensesGrp/TotalAmt178707
IRS990/OtherExpensesGrp/TotalAmt271146
IRS990/OtherExpensesGrp/TotalAmt363780
IRS990/OtherLiabilitiesGrp/BOYAmt0951
IRS990/OtherLiabilitiesGrp/EOYAmt0754
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0202820
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01709848
IRS990/OtherSalariesAndWagesGrp/TotalAmt01912668
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0517313
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0496583
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD BAUMGARTNER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0INSTRUCTIONAL AND SCHOOL LEADERSHIP THIS FUNCTION IS RELATED TO MANAGING, DIRECTING, SUPERVISING, AND LEADING STAFF MEMBERS WHO PROVIDE INSTRUCTION OR INSTRUCTION-RELATED SERVICES. IT IS ALSO FOR COSTS RELATED TO THE GENERAL MANAGEMENT AND LEADERSHIP OF A SCHOOL CAMPUS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0190197
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03139447
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt06623
IRS990/PYOtherExpensesAmt0775715
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0257480
IRS990/PYSalariesCompEmpBnftPaidAmt02112875
IRS990/PYTotalExpensesAmt02888590
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03146070
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0345633
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0555737
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0556161
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03376935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03139447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02851683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02627826
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02563013
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt014558904
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06476
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06623
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010529
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09754
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07805
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt041187
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99720
IRS990ScheduleA/PublicSupportPY170Pct00.99700
IRS990ScheduleA/PublicSupportTotal170Amt014558904
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03376935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03139447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02851683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02627826
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02563013
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt014558904
IRS990ScheduleA/TotalSupportAmt014600091
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01492019
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0879094
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02371113
IRS990ScheduleD/EquipmentGrp/BookValueAmt0112046
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0130395
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0242441
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03037778
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt065699
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065699
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0754
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03383411
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE RISE ACADEMY IS A NON-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ACCORDINGLY, INCOME TAXES ARE NOT PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE ACADEMY QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE CODE. THE ACADEMY APPLIES THE PROVISIONS OF FASB ASC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740 ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION. THE ACADEMY BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. GENERALLY, THE ACADEMY TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01669764
IRS990ScheduleD/TotalExpensesPerForm990Amt03037778
IRS990ScheduleD/TotalLiabilityAmt0754
IRS990ScheduleD/TotalRevenuePerForm990Amt03383411
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03383411
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03037778
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED THROUGH TRANSPARENT BOARD MEETINGS AND DIRECTOR'S REMINDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE POLICIES AND FINANCIAL STATEMENTS ARE MADE IN PAPER COPIES AND DISTRIBUTED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03749179
IRS990/TotalAssetsEOYAmt04027688
IRS990/TotalAssetsGrp/BOYAmt03749179
IRS990/TotalAssetsGrp/EOYAmt04027688
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03376935
IRS990/TotalEmployeeCnt057
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0801800
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02235978
IRS990/TotalFunctionalExpensesGrp/TotalAmt03037778
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0331017
IRS990/TotalLiabilitiesEOYAmt0263893
IRS990/TotalLiabilitiesGrp/BOYAmt0331017
IRS990/TotalLiabilitiesGrp/EOYAmt0263893
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03418162
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03763795
IRS990/TotalOtherCompensationAmt02666
IRS990/TotalProgramServiceExpensesAmt02235978
IRS990/TotalReportableCompFromOrgAmt0100000
IRS990/TotalRevenueGrp/ExclusionAmt06476
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03383411
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03749179
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04027688
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01521
IRS990/TravelGrp/ProgramServicesAmt013134
IRS990/TravelGrp/TotalAmt014655
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0207 N MLK BLVD
IRS990/USAddress/CityNm0LUBBOCK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd079403
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.RISEACADEMY.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD BAUMGARTNER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08067440438
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RISE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0RISE
ReturnHeader/Filer/EIN0752759258
ReturnHeader/Filer/PhoneNum08067440438
ReturnHeader/Filer/USAddress/AddressLine1Txt0207 N MLK BLVD
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079403
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760488832
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCCONNELL & JONES LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04828 LOOP CENTRAL DRIVE SUITE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077081
ReturnHeader/PreparerPersonGrp/PhoneNum07139681600
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TENE THOMAS
ReturnHeader/ReturnTs02023-07-17T13:33:01-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICHARD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BAUMGARTNER
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,027,688
Liabilities
$263,893
Net assets
$3,763,795
Revenue
$3,383,411
Expenses
$3,037,778
Net income
$345,633
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
2022Detailed filing. Detailed filing data is available for this year.$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