Reve Academy

Minneapolis, MNUnknown exempt organization EIN 27-4148333Revenue $106K in FY2025

On file with the IRSreveacademy.org807 Broadway St Ne 160 · Minneapolis, MN

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To provide an innovative out-of-school program creating pathways to digital careers.

61¢ of each $1 spent went to programs.
Run by 20 volunteers and 27 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $17K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Named funders
6
named funders · $192K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
-72% vs prior year
Spent
$174K
To programs
61%
Net assets
$0
By yearFY2020–FY2025
Revenue
$106K
FY2025▼ -72%
Tap a bar for its year
Revenue by fiscal year
FY2020$420K
FY2021$300K
FY2022$406K
FY2023$322K
FY2024$374K
FY2025$106K
Expenses
$174K
FY2025▼ -51%
Tap a bar for its year
Expenses by fiscal year
FY2020$369K
FY2021$366K
FY2022$349K
FY2023$418K
FY2024$355K
FY2025$174K
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$154K
FY2021$88K
FY2022$145K
FY2023$50K
FY2024$69K
FY2025$0

From the FY2025 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $106K Management & general 39% · $68K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Director, President
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Reve Academy executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers programs guiding youth toward digital career opportunities.

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Provided by the organization

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2 programs · $106K · in their own filed words · FY2025
01

Reve Academy Srb.

Student run agency providing 10TH through 12TH grade students an opportuntity to support digital needs of clients; gaining real world experience while earning an income and learning from professionals in the field.

$57Kprogram expense
02

Reve Academy Edu

Rigorous and market relevant out-of-school program that provides an opportunity for students in middle and high school to learn highly marketable digital skills.

$49Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 6 funders →
Grants paid · 2 grants · $16K · 2023–2024
Unitemized GrantFY2024$7,000
Unitemized GrantFY2023$8,750

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$106K
Ln 12
Gifts and grantsLn 1h$122K
Money outPt IX
$174K
Ln 25
Programscol B$106K
Managementcol C$68K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Government grantsLn 1e$43K
Gains on assetsLn 7−$20K
Total revenueLn 12$106K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 527
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$36K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$28K$0
Total assetsLn 16$69K$0
LiabilitiesLn 26$233$0
Net assetsLn 32$69K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$5K$5K
Pay of disqualified personsLn 6$55K$33K$23K
Other employee benefitsLn 9$2K$999$687
Payroll taxesLn 10$3K$2K$1K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$9K$3K$6K
Office expensesLn 13$798$48$750
Information technologyLn 14$5K$1K$4K
OccupancyLn 16$38K$33K$4K
TravelLn 17$6K$6K
InterestLn 20$133$133
Depreciation, depletion and amortizationLn 22$1K$1K$139
InsuranceLn 23$2K$677$1K
Other expenses (24a–d)Ln 24$28K$21K$7K
Total functional expensesLn 25$174K$106K$68K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $106K$174K−$69K$0 990 PDF
FY2024 $374K$355K$19K$69K 990 PDF
FY2023 $322K$418K−$96K$50K 990 PDF
FY2022 $406K$349K$57K$145K 990 PDF
FY2021 $300K$366K−$66K$88K 990 PDF
FY2020 $420K$369K$51K$154K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $105,531 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $375,049$122,427
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$810−$20,004
I-11 Other revenuePrior year $0$3,108
I-12 Total revenuePrior year $374,239$105,531
I-13 Grants and similar amounts paidPrior year $8,500$9,762
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $200,453$59,496
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $146,355$104,861
I-18 Total expensesPrior year $355,308$174,119
I-19 Revenue less expensesPrior year $18,931−$68,588
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $105,531 across 6 lines filed
VIII-1e Government grants$43,036
VIII-1f All other contributions, gifts and grants$79,391
VIII-1h Total contributions, gifts and grants$122,427
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$20,004−$20,004
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,108$3,108
VIII-12 Total revenueRelated to mission $3,108 · Unrelated business $0 · Excluded from tax −$20,004$105,531
Part IX · Statement of functional expenses $174,119 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $4,762$4,762
IX-2 Grants to domestic individualsPrograms $5,000$5,000
IX-6 Pay of disqualified personsPrograms $32,696 · Management $22,507$55,203
IX-9 Other employee benefitsPrograms $999 · Management $687$1,686
IX-10 Payroll taxesPrograms $1,544 · Management $1,063$2,607
IX-11b Legal feesManagement $4,317$4,317
IX-11c Accounting feesManagement $9,189$9,189
IX-11g Other fees for servicesPrograms $3,107 · Management $6,218$9,325
IX-13 Office expensesPrograms $48 · Management $750$798
IX-14 Information technologyPrograms $1,107 · Management $4,391$5,498
IX-16 OccupancyPrograms $33,311 · Management $4,301$37,612
IX-17 TravelManagement $6,440$6,440
IX-20 InterestManagement $133$133
IX-22 Depreciation, depletion and amortizationPrograms $1,254 · Management $139$1,393
IX-23 InsurancePrograms $677 · Management $1,275$1,952
IX-24 Other expenses (24a–d)Programs $21,234 · Management $6,970$28,204
IX-25 Total functional expensesPrograms $105,739 · Management $68,380 · Fundraising $0$174,119
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $35,353$0
X-2 Savings and temporary cash investmentsStart of year $359$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $28,069$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $5,040$0
X-16 Total assetsStart of year $68,821$0
X-17 Accounts payable and accrued expensesStart of year $233$0
X-26 Total liabilitiesStart of year $233$0
X-32 Total net assets or fund balancesStart of year $68,588$0
X-33 Total liabilities and net assetsStart of year $68,821$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$105,531
XI-2 Total expenses$174,119
XI-3 Revenue less expenses−$68,588
XI-4 Net assets at start of year$68,588
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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