Civic Intelligence

Responsive Education Solutions

990 • Fiscal year 2022 • EIN 75-2822221

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

PO Box 292730Lewisville, TX 75029-2730

(972) 316-3663

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$55,017,679

No earlier filing loaded for comparison.

Net Assets

$9,088,446

No earlier filing loaded for comparison.

Liabilities

$45,929,233

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$1,268,755

No earlier filing loaded for comparison.

Expenses

$2,067,283

No earlier filing loaded for comparison.

Net Income

-$798,528

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2022: $55,017,679Liabilities 2022: $45,929,233Net Assets 2022: $9,088,4462022Assets 2023: $60,714,474Liabilities 2023: $44,936,917Net Assets 2023: $15,777,5572023Assets 2024: $60,519,697Liabilities 2024: $43,487,520Net Assets 2024: $17,032,1772024

Highlighted filing

2022

Assets$55,017,679
Liabilities$45,929,233
Net Assets$9,088,446

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2022: $1,268,755Expenses 2022: $2,067,283Net Income 2022: -$798,5282022Revenue 2023: $9,101,394Expenses 2023: $2,412,283Net Income 2023: $6,689,1112023Revenue 2024: $7,579,288Expenses 2024: $6,324,668Net Income 2024: $1,254,6202024

Highlighted filing

2022

Revenue$1,268,755
Expenses$2,067,283
Net Income-$798,528
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$2,249,985
Mission and Program Overview

Mission

The responsive ed community of schools are tuition-free, public charter schools dedicated to helping students of all ages achieve their potential. At responsive ed, we're all about options in education and include at-risk and former drop out students as well as college bound students. Strongly tied to the community, the mission of the school is to provide hope for students through an encouraging, innovative environment where they are academically successful and develop into lifelong learners.

The organizations are tuition-free, public charter schools dedicated to helping students of all ages achieve their potential.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$35,430,455▲ $35,430,455
Intangible Assets$0$1,871,750▲ $1,871,750
Cash and Non-Interest-Bearing Accounts$0$786,508▲ $786,508
Investments Other Securities$0$200,000▲ $200,000
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$10,000,000$55,017,679▲ $45,017,679
Other Assets Total$10,000,000$16,728,966▲ $6,728,966
Liabilities
Tax Exempt Bond Liabilities$0$38,990,000▲ $38,990,000
Accounts Payable and Accrued Expenses$0$3,345,270▲ $3,345,270
Mortgage Notes Payable Secured by Investment Property$0$2,800,000▲ $2,800,000
Unsecured Notes Loans Payable$0$793,963▲ $793,963
Grants Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$0$45,929,233▲ $45,929,233
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,000,000$9,088,446▼ $911,554
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$10,000,000$9,088,446▼ $911,554
Total Liabilities and Net Assets / Fund Balance$10,000,000$55,017,679▲ $45,017,679

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$18,821,265-$18,821,265
Buildings$9,931,647$431,811$10,363,458
Land$6,677,543-$6,677,543
Other Assets Org$9,999,900--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris BaumannCBO & CLOFT$153,779$37,695$153,779
Kalese WhitehurstChief of StaffFT$116,800$30,352$147,152
Christian CutterExecutive VP of AcademicsFT$118,325$32,467$118,325
Charles CookCEO & Board MemberPT$38,462$223,627$38,462

Board Members and Trustees

NameTitle
Ben KlingensteinBoard President
Marvin ReynoldsBoard Vice President
Joe DeprosperoBoard Member
Lance LoseyBoard Member
Kent SparksBoard Secretary
James TaylorCFO & CTO
Revenue and Support

Revenue Composition

Contributions and Grants
$500,000
Program Service Revenue
$697,335
Investment Income
$3,440
Other Revenue
$67,980
All Other Contributions
$0
Change in Net Assets
$-798,528

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Closely Held Stock1$200,000Fair Market Value (FMV)
Total Noncash Contributions1$200,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,942,685
Other Expenses$124,598
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,483,795--$1,483,795
Other Employee Benefits$266,649--$266,649
Current Officers, Directors, Trustees, and Key Employees$192,241--$192,241
Occupancy$93,231--$93,231
Fees for Services Other-$31,214-$31,214
Other Expenses-$153-$153
Total Functional Expenses$2,035,916$31,367$0$2,067,283
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
CSeries 2021aterm Bonds2021-07-01$21,595,000Retire term debt and facility cons
ASeries 2020aterm Bonds2020-10-01$17,395,000Retire term debt and facility cons

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$21,389,343$0$0$731,160
A$17,001,382$0$0$694,446

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Responsive Education Solutions
EIN
75-2822221
In Care Of
% JAMES TAYLOR
Phone
9723163663
Address
PO BOX 292730, LEWISVILLE, TX 75029-2730

Signing Officer

Name
James Taylor
Title
CFO
Phone
9723163663
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Taylor
Formed
1999
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Bruce E Bernstien & Associates
Address
10440 N CENTRAL EXPRESSWAY STE 1040, DALLAS, TX 75231
Preparer
Bruce E Bernstien
Phone
2147060840
Supplemental Narrative

Additional Explanations

ORGANIZATION'S PROCESS TO REVIEW FORM 990

Form 990, part vi ,line 11b the form 990 is provided to the directors for review in electronic format prior to sending it to the irs.

Enforcement of Conflicts Policy

Form 990, part vi, line 12c conflicts policy is enforced by signed annual statements

Compensation Process for Top Official

Form 990, part vi, line 15a the organization's board of directors votes on all officer and key employee compensation after recommendations are presented.

Compensation Process for Officers

Form 990, part vi, line 15b the organization's board of directors votes on all officer and key employee compensation after recommendations are presented.

Governing Documents Disclosure Explanation

Form 990, part vi, line 19 governing documents, policies, financial statements and the form 990 are available upon request.

Other Changes in Net Assets of Fund Balances

Form 990, part xi, line 9 asset transfer ($113,026)

Financial Statement Notes

Fin 48 (asc 740)

Responsive Education Solutions is exempt from income tax under IRC section 501(c)3 though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. ResponsiveEd Holdings, LLC is a disregarded entity and its earnings and losses are allocated to Responsive Education Solutions (single member) and are taxed based on Responsive Education Solutions' tax position and strategy.

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IRS990/NetAssetsOrFundBalancesEOYAmt09088446
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt067980
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt067980
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010000000
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09088446
IRS990/NoncashContributionsAmt0200000
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt093231
IRS990/OccupancyGrp/TotalAmt093231
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt010000000
IRS990/OtherAssetsTotalGrp/EOYAmt016728966
IRS990/OtherChangesInNetAssetsAmt0-113026
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0266649
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0266649
IRS990/OtherExpensesGrp/Desc0MISC EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0153
IRS990/OtherExpensesGrp/TotalAmt0153
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01483795
IRS990/OtherSalariesAndWagesGrp/TotalAmt01483795
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JAMES TAYLOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMIN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0697335
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0697335
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-798528
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RelatedOrganizationsAmt0500000
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt067980
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt09931647
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0431811
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010363458
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06677543
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06677543
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06729066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt19999900
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED TRUST FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt018821265
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt018821265
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Responsive Education Solutions is exempt from income tax under IRC section 501(c)3 though it is subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the Code. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. ResponsiveEd Holdings, LLC is a disregarded entity and its earnings and losses are allocated to Responsive Education Solutions (single member) and are taxed based on Responsive Education Solutions' tax position and strategy.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FIN 48 (ASC 740)
IRS990ScheduleD/TotalBookValueLandBuildingsAmt035430455
IRS990ScheduleD/TotalBookValueOtherAssetsAmt016728966
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0FORM 990, SCHEDULE E, PART I, LINE 3 IT IS THE POLICY OF RESPONSIVE ED TO PROHIBIT DISCRIMINATION IN STUDENT ADMISSION ON THE BASIS OF SEX, NATIONAL ORIGIN, ETHNICITY, RELIGION, DISABILITY, ACADEMIC, ARTISTIC OR ATHLETIC ABILITY OR THE DISTRICT THE STRUDENT WOULD OTHERWISE ATTEND IN ACCORDANCE WITH THE TEXAS EDUCATION CODE, EXCEPT THAT RESPONSIVE ED HAS PROVIDED FOR THE EXCLUSION OF STUDENTS WITH A DOCUMENTED HISTORY OF A CRIMINAL OFFENSE, A JUVENLIE COURT ADJUDICATION OR DISCIPLINE PROBLEMS UNDER SUB CHAPTER A, CHAPTER 37. SEE TEXAS ED CODE 12.111
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt038462
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1153779
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2118325
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0223627
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt137695
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt232467
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3180062
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHARLES COOK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1CHRIS BAUMANN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CHRISTIAN CUTTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JAMES TAYLOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO & BOARD MEMBER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CBO & CLO

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