Reve Academy FY2020 filing

Minneapolis, MNUnknown exempt organizationEIN 27-4148333

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

86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $192K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$420K
Spent
$369K
To programs
86%
Net assets
$154K
By yearFY2020–FY2025
Revenue
$420K
FY2020
Revenue by fiscal year
FY2020$420K
FY2021$300K
FY2022$406K
FY2023$322K
FY2024$374K
FY2025$106K
Expenses
$369K
FY2020
Expenses by fiscal year
FY2020$369K
FY2021$366K
FY2022$349K
FY2023$418K
FY2024$355K
FY2025$174K
Net assets
$154K
FY2020
Net assets by fiscal year
FY2020$154K
FY2021$88K
FY2022$145K
FY2023$50K
FY2024$69K
FY2025$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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

86 cents of each dollar spent went to programs.

Program services 86% · $317K Management & general 14% · $50K Fundraising 0% · $2K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director, President
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
Co-Founder
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$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.

Provided by the organization

This section is blank until Reve Academy claims this page.

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2 program services account for $317K of program spending, described in the organization's own filed words · FY2020.
01

Reve Academy Srb.

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

$217Kprogram expense
02

Reve Academy Edu

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

$101Kprogram expense

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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 FY2020 990, line by line.

1The main four
Money inPt VIII
$420K
Ln 12
Gifts and grantsLn 1h$394K
Fees for servicesLn 2g$25K
Other incomeLn 4–11$450
Money outPt IX
$369K
Ln 25
Programscol B$317K
Managementcol C$50K
Fundraisingcol D$2K
Owns and owesPt X
$154K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$155K
LiabilitiesLn 26$1K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$394K
Government grantsLn 1e$41K
Fees for servicesLn 2g$25K
Investment incomeLn 3$8
Other incomeLn 4–11$450
Total revenueLn 12$420K
Assets in detailPt X, end of year
CashLn 1$28K
SavingsLn 2$76K
Cash and savings togetherLn 1–2$104K
Land, buildings, equipmentLn 10c$46K
Other assetsLn 15$5K
Total assetsLn 16$155K
LiabilitiesLn 26$1K
Net assetsLn 32$154K
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 FY20End FY20
Cash and savingsLn 1–2$48K$104K
Land, buildings, equipmentLn 10c$51K$46K
Total assetsLn 16$105K$155K
LiabilitiesLn 26$999$1K
Net assetsLn 32$104K$154K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$229K$192K$37K
Other employee benefitsLn 9$3K$3K$507
Payroll taxesLn 10$15K$13K$2K
Legal feesLn 11b$39$39
Accounting feesLn 11c$13$13
Other fees for servicesLn 11g$2K$1K$381
Advertising and promotionLn 12$2K$2K$572
Office expensesLn 13$2K$589$1K$28
OccupancyLn 16$86K$84K$2K
TravelLn 17$59$59
Depreciation, depletion and amortizationLn 22$5K$4K$496
InsuranceLn 23$4K$2K$2K
Other expenses (24a–d)Ln 24$21K$15K$4K$2K
All other expensesLn 24e$1K$409$792
Total functional expensesLn 25$369K$317K$50K$2K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $420K$369K$51K$154K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $419,793 across 7 lines filed
VIII-1e Government grants$41,250
VIII-1f All other contributions, gifts and grants$353,085
VIII-1h Total contributions, gifts and grants$394,335
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $25,000$25,000
VIII-3 Investment incomeExcluded from tax $8$8
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $450$450
VIII-12 Total revenueRelated to mission $25,450 · Unrelated business $0 · Excluded from tax $8$419,793
Part IX · Statement of functional expenses $369,273 across 14 lines filed
IX-7 Other salaries and wagesPrograms $192,096 · Management $36,525$228,621
IX-9 Other employee benefitsPrograms $2,664 · Management $507$3,171
IX-10 Payroll taxesPrograms $12,783 · Management $2,430$15,213
IX-11b Legal feesManagement $39$39
IX-11c Accounting feesManagement $13$13
IX-11g Other fees for servicesPrograms $1,318 · Management $381$1,699
IX-12 Advertising and promotionPrograms $1,753 · Management $572$2,325
IX-13 Office expensesPrograms $589 · Management $1,032 · Fundraising $28$1,649
IX-16 OccupancyPrograms $84,195 · Management $1,545$85,740
IX-17 TravelManagement $59$59
IX-22 Depreciation, depletion and amortizationPrograms $4,466 · Management $496$4,962
IX-23 InsurancePrograms $1,953 · Management $1,552$3,505
IX-24 Other expenses (24a–d)Programs $15,203 · Management $4,088 · Fundraising $1,785$21,076
IX-24e All other expensesPrograms $409 · Management $792$1,201
IX-25 Total functional expensesPrograms $317,429 · Management $50,031 · Fundraising $1,813$369,273
Part X · Balance sheet $155,255 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $17,012$27,596
X-2 Savings and temporary cash investmentsStart of year $31,004$76,012
X-8 Inventories for sale or useStart of year $955$955
X-10c Land, buildings and equipment, netStart of year $50,613$45,652
X-15 Other assetsStart of year $5,040$5,040
X-16 Total assetsStart of year $104,624$155,255
X-17 Accounts payable and accrued expensesStart of year $999$1,110
X-26 Total liabilitiesStart of year $999$1,110
X-32 Total net assets or fund balancesStart of year $103,625$154,145
X-33 Total liabilities and net assetsStart of year $104,624$155,255
Part XI · Reconciliation of net assets $154,145 net assets at year end
XI-1 Total revenue$419,793
XI-2 Total expenses$369,273
XI-3 Revenue less expenses$50,520
XI-4 Net assets at start of year$103,625
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$154,145

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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