Civic Intelligence

Reve Preparatory Inc.

990 • Fiscal year 2023 • EIN 82-2809171

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 23, 2024

Organization ProfileWWW.REVEPREP.ORG
PO Box 450165Houston, TX 77245

(832) 982-2083

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.97x

Higher debt load relative to assets than 93% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

95th percentile

6.86x

Higher debt load relative to revenue than 95% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

46th percentile

2.3%

Higher net margin than 46% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

17th percentile

$130,724

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

97th percentile

140%

Faster asset growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

25%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$27,812,370

Up $16,202,250 (+140%) from 2022

Net Assets

Up

$706,752

Up $92,486 (+15%) from 2022

Liabilities

Up

$27,105,618

Up $16,109,764 (+147%) from 2022

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin46th percentile

Revenue

Up

$3,950,890

Up $790,056 (+25%) from 2022

Expenses

Up

$3,858,404

Up $546,101 (+16%) from 2022

Net Income

Up

$92,486

Up $243,955 (+161%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$30M$20M$10M$0Assets 2019: $243,618Liabilities 2019: $59,904Net Assets 2019: $183,7142019Assets 2020: $518,885Liabilities 2020: $94,044Net Assets 2020: $424,8412020Assets 2021: $874,512Liabilities 2021: $108,777Net Assets 2021: $765,7352021Assets 2022: $11,610,120Liabilities 2022: $10,995,854Net Assets 2022: $614,2662022Assets 2023: $27,812,370Liabilities 2023: $27,105,618Net Assets 2023: $706,7522023Assets 2024: $25,292,007Liabilities 2024: $25,166,971Net Assets 2024: $125,0362024

Highlighted filing

2023

Assets$27,812,370
Liabilities$27,105,618
Net Assets$706,752
Open 2023 Filing

Operations Trend

Revenue Growth78th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $536,156Expenses 2019: $352,442Net Income 2019: $183,7142019Revenue 2020: $1,465,336Expenses 2020: $1,268,768Net Income 2020: $196,5682020Revenue 2021: $2,039,686Expenses 2021: $1,698,792Net Income 2021: $340,8942021Revenue 2022: $3,160,834Expenses 2022: $3,312,303Net Income 2022: -$151,4692022Revenue 2023: $3,950,890Expenses 2023: $3,858,404Net Income 2023: $92,4862023Revenue 2024: $4,419,405Expenses 2024: $5,001,121Net Income 2024: -$581,7162024

Highlighted filing

2023

Revenue$3,950,890
Expenses$3,858,404
Net Income$92,486
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 23, 2024
Return Version
2022v5.0
Gross Receipts
$3,950,890
Mission and Program Overview

Mission

Educating kindergarten through grade eight for success in high school, college, and beyond, reve preparatory charter school ensures rigorous academics, individualized supprt, and purposeful character development for every student, every day.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,565,637$15,198,896▲ $11,633,259
Land, Buildings, and Equipment, Net$6,962,068$6,796,407▼ $165,661
Pledges and Grants Receivable$543,700$808,419▲ $264,719
Cash and Non-Interest-Bearing Accounts$492,929$685,344▲ $192,415
Prepaid Expenses and Deferred Charges$44,654$53,512▲ $8,858
Accounts Receivable$1,132--
Total Assets$11,610,120$27,812,370▲ $16,202,250
Other Assets Total-$4,269,792-
Liabilities
Tax Exempt Bond Liabilities$11,240,000$25,070,000▲ $13,830,000
Accounts Payable and Accrued Expenses$263,174$2,982,228▲ $2,719,054
Deferred Revenue$85,750--
Other Liabilities$-593,070$-946,610▼ $353,540
Total Liabilities$10,995,854$27,105,618▲ $16,109,764
Net Assets / Fund Balance
Net Assets With Donor Restrictions$31,270$424,217▲ $392,947
Net Assets Without Donor Restrictions$582,996$282,535▼ $300,461
Total Net Assets Fund Balance$614,266$706,752▲ $92,486
Total Liabilities and Net Assets / Fund Balance$11,610,120$27,812,370▲ $16,202,250

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,008,937$155,074$5,164,011
Land$1,719,603-$1,719,603
Equipment$67,867$161,887$229,754
Other Assets Org$4,269,792--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Traci ThibodeauxSuperintendeFT$130,724$130,724

Board Members and Trustees

NameTitle
Erik GomezBoard Chair
Dr Toscha DickersonVice-chair
Ami AriefMember
Paul BelinMember
Tonya DavisMember
Will WhiteSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$3,640,379
Program Service Revenue
$0
Investment Income
$310,511
Other Revenue
$0
All Other Contributions
$105,948
Change in Net Assets
$92,486

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,950,890
Total Revenue per Audited Statements
$3,950,890
Total Revenue per Form 990
$3,950,890
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,223,539
Salaries, Compensation, and Employee Benefits$1,634,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,241,492$41,293-$1,282,785
Fees for Services Other$1,042,084$50,938-$1,093,022
Interest$318,524--$318,524
Depreciation Depletion$232,684--$232,684
Current Officers, Directors, Trustees, and Key Employees-$145,515-$145,515
Pension Plan Contributions$108,709$13,725-$122,434
Insurance$60,943$25,669-$86,612
Other Employee Benefits$57,579$6,599-$64,178
Travel$56,497--$56,497
Occupancy$33,724--$33,724
Payroll Taxes$17,326$2,627-$19,953
Fees for Services Accounting-$13,800-$13,800
Other Expenses$9,460$25,039-$9,460
Fees for Services Legal-$300-$300
Total Functional Expenses$3,529,139$329,265$0$3,858,404

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,858,404
Total Expenses per Audited Statements$3,858,404
Total Expenses per Form 990$3,858,404
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
Unamortized Bond Issue Costs$-946,610

Bond Issues

BondIssuerIssuedIssue PricePurpose
BEducation Bonds 2022 C&d2022-12-21$13,830,000-
AEducation Revenue Bonds 20222022-04-25$11,240,000Purchase and improve campus

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$13,830,000--$449,368
A$11,240,000--$559,893

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
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
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

“The 990 was reviewed at a board of director's meeting prior to filing”

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

“Annually, board members must attest to knowledge of and disclosure of any conflicts of interest as defined in the conflict of interest policy”

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

“The board of directors considered compensation at similar organizations and set compensation for the superintendent.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Reve Preparatory Inc
EIN
82-2809171
Phone
8329822083
Address
PO BOX 450165, HOUSTON, TX 77245
Doing Business As
Reve Preparatory Charter School

Signing Officer

Name
Dr Toscha Dickerson
Title
Vice-chair
Phone
8329822083
Signed
2024-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Traci Thibodeaux
Formed
2017
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
50
Volunteers
5

Preparer

Firm
Armstrong Vaughan & Associates Pc
Address
941 WEST BYRD BLVD STE 101, UNIVERSAL CITY, TX 78148
Preparer
Phil Vaughan
Phone
2106586229
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Educating kindergarten through grade eight for success in high school, college, and beyond, reve preparatory charter school ensures rigorous academics, individualized supprt, and purposeful character development for every student, every day.”

Form 990, Part IX, Line 11G

“Student transportation svcs 103,720 0 0 education service center 20,545 0 0 instruction/otherservices 745,869 50,938 0 facility maintenance 165,450 0 0 bond agent fees 6,500 0 0 total 1,042,084 50,938 0”

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IRS990/ReconcilationRevenueExpnssAmt092486
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03950890
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03565637
IRS990/SavingsAndTempCashInvstGrp/EOYAmt015198896
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/BookValueAmt05008937
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0155074
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05164011
IRS990ScheduleD/EquipmentGrp/BookValueAmt067867
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0161887
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0229754
IRS990ScheduleD/ExpensesSubtotalAmt03858404
IRS990ScheduleD/LandGrp/BookValueAmt01719603
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01719603
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04269792
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-946610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNAMORTIZED BOND ISSUE COSTS
IRS990ScheduleD/RevenueSubtotalAmt03950890
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06796407
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04269792
IRS990ScheduleD/TotalExpensesPerForm990Amt03858404
IRS990ScheduleD/TotalLiabilityAmt0-946610
IRS990ScheduleD/TotalRevenuePerForm990Amt03950890
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03950890
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03858404
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL PUBLISHES A STUDENT HANDBOOK ON ITS WEBSITE THAT OUTLINES THE NONDISCRIMINATION POLICY
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS SUPPORTED BY VARIOUS GOVERNMENT GRANTS PRIMARILY THROUGH THE TEXAS EDUCATION AGENCY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0EDUCATION REVENUE BONDS 2022 PURCHASE AND IMPROVE CAMPUS
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-04-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12022-12-21
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0041807CF3
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt011240000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt113830000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0EDUCATION REVENUE BONDS 2022
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1EDUCATION BONDS 2022 C&D
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0ARLINGTON HIGHER EDUCATION FINANCE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt1ARLINGTON HIGHER EDUCATION FINANCE
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE AND IMPROVE CAMPUS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd1true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt09732414
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt11562531
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt0596720
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt11616763
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0350973
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt1558625
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0559893
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt1449368
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd1false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02023
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt011240000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt113830000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/UnspentAmt012767775
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EDUCATING KINDERGARTEN THROUGH GRADE EIGHT FOR SUCCESS IN HIGH SCHOOL, COLLEGE, AND BEYOND, REVE PREPARATORY CHARTER SCHOOL ENSURES RIGOROUS ACADEMICS, INDIVIDUALIZED SUPPRT, AND PURPOSEFUL CHARACTER DEVELOPMENT FOR EVERY STUDENT, EVERY DAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 WAS REVIEWED AT A BOARD OF DIRECTOR'S MEETING PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, BOARD MEMBERS MUST ATTEST TO KNOWLEDGE OF AND DISCLOSURE OF ANY CONFLICTS OF INTEREST AS DEFINED IN THE CONFLICT OF INTEREST POLICY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS CONSIDERED COMPENSATION AT SIMILAR ORGANIZATIONS AND SET COMPENSATION FOR THE SUPERINTENDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5STUDENT TRANSPORTATION SVCS 103,720 0 0 EDUCATION SERVICE CENTER 20,545 0 0 INSTRUCTION/OTHERSERVICES 745,869 50,938 0 FACILITY MAINTENANCE 165,450 0 0 BOND AGENT FEES 6,500 0 0 TOTAL 1,042,084 50,938 0

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,812,370
Liabilities
$27,105,618
Net assets
$706,752
Revenue
$3,950,890
Expenses
$3,858,404
Net income
$92,486
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$25.3$25.2$0.13$4.42$5.00$0.58
2023Detailed filing. Detailed filing data is available for this year.$27.8$27.1$0.71$3.95$3.86$0.09
2022Detailed filing. Detailed filing data is available for this year.$11.6$11.0$0.61$3.16$3.31$0.15
2021Detailed filing. Detailed filing data is available for this year.$0.87$0.11$0.77$2.04$1.70$0.34
2020Detailed filing. Detailed filing data is available for this year.$0.52$0.09$0.42$1.47$1.27$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.06$0.18$0.54$0.35$0.18