Civic Intelligence

Nevada Rise Academy Inc.

990 • Fiscal year 2018 • EIN 81-4539783

Jul 01, 2017 to Jun 30, 2018 • Filed on Jun 09, 2020

2525 Emerson AvenueLas Vegas, NV 89121

(702) 336-7060

Siviq Scores

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

Liabilities / Assets

79th percentile

0.11x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$18,450

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$83,715

No earlier filing loaded for comparison.

Net Assets

$74,535

No earlier filing loaded for comparison.

Liabilities

$9,180

No earlier filing loaded for comparison.

Revenue

$240,387

No earlier filing loaded for comparison.

Expenses

$165,852

No earlier filing loaded for comparison.

Net Income

$74,535

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.

$8.0M$6.0M$4.0M$2.0M$0Assets 2018: $83,715Liabilities 2018: $9,180Net Assets 2018: $74,5352018Assets 2019: $407,933Liabilities 2019: $148,257Net Assets 2019: $259,6762019Assets 2020: $1,975,677Liabilities 2020: $1,224,689Net Assets 2020: $750,9882020Assets 2021: $3,147,890Liabilities 2021: $1,747,163Net Assets 2021: $1,400,7272021Assets 2022: $4,337,355Liabilities 2022: $2,920,606Net Assets 2022: $1,416,7492022Assets 2023: $6,397,230Liabilities 2023: $4,900,314Net Assets 2023: $1,496,9162023Assets 2024: $7,630,516Liabilities 2024: $5,202,697Net Assets 2024: $2,427,8192024

Highlighted filing

2018

Assets$83,715
Liabilities$9,180
Net Assets$74,535

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2018: $240,387Expenses 2018: $165,852Net Income 2018: $74,5352018Revenue 2019: $1,356,567Expenses 2019: $1,171,426Net Income 2019: $185,1412019Revenue 2020: $2,435,386Expenses 2020: $1,944,074Net Income 2020: $491,3122020Revenue 2021: $3,163,401Expenses 2021: $2,513,662Net Income 2021: $649,7392021Revenue 2022: $3,745,057Expenses 2022: $3,439,419Net Income 2022: $305,6382022Revenue 2023: $4,549,569Expenses 2023: $4,469,402Net Income 2023: $80,1672023Revenue 2024: $6,176,072Expenses 2024: $5,245,169Net Income 2024: $930,9032024

Highlighted filing

2018

Revenue$240,387
Expenses$165,852
Net Income$74,535
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jun 9, 2020
Return Version
2017v2.3
Gross Receipts
$240,387
Mission and Program Overview

Mission

Success and achievement regardless of zip code or other demographic determinants. Nevada Rise envisions all students achieving at high levels, matriculating into high-achieving middle and high schools, graduating college, and proving what is possible for all students in Las Vegas

Nevada rise seeks to place all students on a path to success and access to life's opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$52,792-
Accounts Receivable-$17,923-
Prepaid Expenses and Deferred Charges-$13,000-
Total Assets$0$83,715▲ $83,715
Liabilities
Accounts Payable and Accrued Expenses-$9,180-
Total Liabilities$0$9,180▲ $9,180
Net Assets / Fund Balance
Unrestricted Net Assets-$74,535-
Total Net Assets Fund Balance$0$74,535▲ $74,535
Total Liabilities and Net Assets / Fund Balance$0$83,715▲ $83,715
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Justin BrechtExecutive Director and FounderFT$18,450$18,450

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$240,284
Program Service Revenue
$0
Investment Income
$103
Other Revenue
$0
All Other Contributions
$122,798
Change in Net Assets
$74,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$89,478
Other Expenses$76,374
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$85,160--$85,160
Occupancy$20,295$2,255-$22,550
Other Expenses$22,704$15,015-$15,015
Fees for Services Other$14,406--$14,406
Other Salaries and Wages$4,318--$4,318
Insurance$1,699--$1,699
Total Functional Expenses$148,582$17,270$0$165,852
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
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, Section B, Line 11B

The form 990 is prepared by the organization's outside public accounting firm based on information provided by management. Once a draft of the return is available, it is reviewed by management with any changes or revisions incorporated into the filing. The revised return is then submitted to the board of directors for their review and approval prior to submitting to the irs.

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

The officers, directors, and the trustees are required to disclose all potential conflict of interests. Monitoring is performed regularly by the officers to identify potential conflicts of interest. The board reviews any conflicts presented by interested parties. The chairperson appoints a disinterested person or committee to investigate the transaction in question and report findings to the board. Alternatives to the proposed transaction are identified and compared to the proposed transaction. The board votes on the most beneficial option for the organization. If the board has reason to believe an interested person has failed to disclose the potential conflict, the board will investigate further and if necessary, take appropriate disciplinary and corrective action.

Form 990, Part VI, Section B, Line 15A

The compensation for the organization's ceo, executive director, or top management official is reviewed annually by the board of directors. Compensation is determined based on data provided by external charter management organizations and through comparison studies of other charter schools. Compensation is reviewed and voted upon by independent members, upon which a contract is offered to the officers.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Nevada Rise Academy
EIN
81-4539783
Phone
7023367060
Address
2525 EMERSON AVENUE, LAS VEGAS, NV 89121

Signing Officer

Name
Justin Brecht
Title
Executive Director
Phone
7023367060
Signed
2020-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justin Brecht
Formed
2017
Legal Domicile
Nv
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Cliftonlarsonallen Llp
Address
2210 EAST ROUTE 66, GLENDORA, CA 91740
Preparer
Derrick De Bruyne
Phone
6268577300
Raw XML Appendix342 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.

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IRS990/Desc0NEVADA RISE ACADEMY IS A TUITION-FREE PUBLIC CHARTER SCHOOL IN LAS VEGAS, NEVADA. NEVADA RISE ACADEMY BELIEVES THAT EVERY CHILD, REGARDLESS OF DEMOGRAPHICS OR SOCIOECONOMIC STATUS, SHOULD HAVE THE OPPORTUNITY TO CHOOSE COLLEGE AND SHOULD HAVE ACCESS TO THE FOUNDATION THAT WILL MAKE THAT CHOICE POSSIBLE. THE SCHOOL WILL OPEN THEIR DOORS IN THE FALL OF 2018 TO SERVE STUDENTS IN GRADES K-5.
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IRS990/MissionDesc0THROUGH RIGOROUS ACADEMICS, HIGH-QUALITY INSTRUCTION, AND INTENTIONAL CHARACTER DEVELOPMENT, NEVADA RISE ACADEMY CHARTER SCHOOL PLACES EVERY KINDERGARTEN THROUGH 5TH GRADE STUDENT ON A PATH TO COLLEGE, AND ENSURES EACH STUDENT HAS ACCESS TO LIFE'S FULLEST OPPORTUNITIES.
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IRS990/OtherExpensesGrp/Desc0INSTRUCTIONAL MATERIALS
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0NEVADA RISE ACADEMY MAKES ITS RACIALLY NONDISCRIMINATORY POLICY AVAILABLE WITHIN THEIR APPLICATION MATERIALS PUBLISHED THROUGH SOCIAL MEDIA.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NEVADA RISE ACADEMY DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES GOVERNMENT FUNDING BASED ON AVERAGE DAILY ENROLLMENT THROUGH THE STATE OF NEVADA.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS, DIRECTORS, AND THE TRUSTEES ARE REQUIRED TO DISCLOSE ALL POTENTIAL CONFLICT OF INTERESTS. MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. THE BOARD REVIEWS ANY CONFLICTS PRESENTED BY INTERESTED PARTIES. THE CHAIRPERSON APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE THE TRANSACTION IN QUESTION AND REPORT FINDINGS TO THE BOARD. ALTERNATIVES TO THE PROPOSED TRANSACTION ARE IDENTIFIED AND COMPARED TO THE PROPOSED TRANSACTION. THE BOARD VOTES ON THE MOST BENEFICIAL OPTION FOR THE ORGANIZATION. IF THE BOARD HAS REASON TO BELIEVE AN INTERESTED PERSON HAS FAILED TO DISCLOSE THE POTENTIAL CONFLICT, THE BOARD WILL INVESTIGATE FURTHER AND IF NECESSARY, TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION FOR THE ORGANIZATION'S CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS. COMPENSATION IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. COMPENSATION IS REVIEWED AND VOTED UPON BY INDEPENDENT MEMBERS, UPON WHICH A CONTRACT IS OFFERED TO THE OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE 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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
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IRS990/UnrelatedBusIncmOverLimitInd00
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ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTIN BRECHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07023367060
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEVADA RISE ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0NEVA
ReturnHeader/Filer/EIN0814539783
ReturnHeader/Filer/PhoneNum07023367060
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EB14D97C979C4436D100C663A9528401E18238A8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.137.57.251
ReturnHeader/FilingSecurityInformation/IPDt02020-06-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm010:44:52
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0410746749
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLIFTONLARSONALLEN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02210 EAST ROUTE 66
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLENDORA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091740
ReturnHeader/PreparerPersonGrp/PhoneNum06268577300
ReturnHeader/PreparerPersonGrp/PreparationDt02020-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DERRICK DE BRUYNE
ReturnHeader/ReturnTs02020-06-17T14:30:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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