Rise Academy is a public charter school. Its mission is to provide low-income students with a better life prospect through rigorous education.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$164K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
6 of 6
filings with a surplus
Average surplus $189K a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$164K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$585K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
Spent
$2.7M
To programs
72%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$2.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$3.1M
FY2022$3.4M
FY2023$3.3M
FY2024$3.3M
FY2025$3.4M
Expenses
$2.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.9M
FY2022$3.0M
FY2023$3.1M
FY2024$3.2M
FY2025$3.3M
Net assets
$3.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.4M
FY2022$3.8M
FY2023$4.0M
FY2024$4.0M
FY2025$4.1M

From the FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · 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 ruling in Oct 1998.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $1.9M Management & general 28% · $759K

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

5 people listed on the 990; $164K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President & Director
$100,000Pt VII · Sec A
Business Manager
$64,300Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Richard Baumgartner’s $98K as Board President / Executive Director is at the 30th percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Richard Baumgartner$98,371$100,000$100,000$100,000$100,000$100,000
Sarenda Godfrey$77,645————$64,300

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Prepares middle school students for rigorous college prep high school programs.

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Provided by the organization

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2 programs · $1.9M · in their own filed words · FY2019
01

Instruction and instruction-related services this function is for services that provide direct interaction between staff members and students to achieve student learning or provide staff members with the appropriate materials for development to achieve student learning.

$1.8Mprogram expense
02

Instructional and school leadership this function is related to managing, directing, supervising, and leading staff members who provide instruction or instruction-related services. It is also for costs related to the general management and leadership of a school campus.

$130Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$11K
Money outPt IX
$2.7M
Ln 25
Programscol B$1.9M
Managementcol C$759K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$585K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$2.8M
Investment incomeLn 3$11K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$555K
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$3.7M
LiabilitiesLn 26$585K
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 563
VolunteersI 612
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$1.3M$1.7M
Land, buildings, equipmentLn 10c$1.8M$1.7M
Total assetsLn 16$3.4M$3.7M
LiabilitiesLn 26$361K$585K
Net assetsLn 32$3.0M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$164K$100K$64K
Other salaries and wagesLn 7$1.6M$1.5M$119K
Other employee benefitsLn 9$198K$180K$18K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$71K$30K$41K
OccupancyLn 16$15K$15K
TravelLn 17$10K$10K
InterestLn 20$16K$16K
Depreciation, depletion and amortizationLn 22$93K$93K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$458K$144K$314K
All other expensesLn 24e$48K$48K
Total functional expensesLn 25$2.7M$1.9M$759K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.4M$3.3M$95K$4.1M 990 PDF
FY2024 $3.3M$3.2M$76K$4.0M 990 PDF
FY2023 $3.3M$3.1M$196K$4.0M 990 PDF
FY2022 $3.4M$3.0M$346K$3.8M 990 PDF
FY2021 $3.1M$2.9M$257K$3.4M 990 PDF
FY2020 Viewing $2.9M$2.7M$167K$3.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $2,862,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,627,826$2,851,683
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,754$10,529
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,637,580$2,862,212
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,723,946$1,938,937
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $733,362$756,501
I-18 Total expensesPrior year $2,457,308$2,695,438
I-19 Revenue less expensesPrior year $180,272$166,774
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,862,212 across 5 lines filed
VIII-1e Government grants$2,806,221
VIII-1f All other contributions, gifts and grants$45,462
VIII-1h Total contributions, gifts and grants$2,851,683
VIII-3 Investment incomeExcluded from tax $10,529$10,529
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $10,529$2,862,212
Part IX · Statement of functional expenses $2,695,438 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $100,000 · Management $64,300$164,300
IX-7 Other salaries and wagesPrograms $1,457,190 · Management $119,374$1,576,564
IX-9 Other employee benefitsPrograms $179,647 · Management $18,426$198,073
IX-11b Legal feesManagement $3,826$3,826
IX-11c Accounting feesManagement $20,750$20,750
IX-11g Other fees for servicesPrograms $30,327 · Management $41,013$71,340
IX-16 OccupancyPrograms $15,346$15,346
IX-17 TravelPrograms $10,330$10,330
IX-20 InterestManagement $15,838$15,838
IX-22 Depreciation, depletion and amortizationManagement $93,177$93,177
IX-23 InsuranceManagement $19,871$19,871
IX-24 Other expenses (24a–d)Programs $143,802 · Management $314,006$457,808
IX-24e All other expensesManagement $48,215$48,215
IX-25 Total functional expensesPrograms $1,936,642 · Management $758,796 · Fundraising $0$2,695,438
Part X · Balance sheet $3,745,900 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $791,064$1,148,221
X-2 Savings and temporary cash investmentsStart of year $553,226$555,140
X-3 Pledges and grants receivableStart of year $247,256$327,444
X-10c Land, buildings and equipment, netStart of year $1,763,065$1,715,095
X-16 Total assetsStart of year $3,354,611$3,745,900
X-17 Accounts payable and accrued expensesStart of year $66,637$104,993
X-19 Deferred revenue$225,961
X-25 Other liabilitiesStart of year $2,050$1,093
X-26 Total liabilitiesStart of year $360,703$585,218
X-27 Net assets without donor restrictionsStart of year $453,532$509,523
X-28 Net assets with donor restrictionsStart of year $2,540,376$2,651,159
X-32 Total net assets or fund balancesStart of year $2,993,908$3,160,682
X-33 Total liabilities and net assetsStart of year $3,354,611$3,745,900
Part XI · Reconciliation of net assets $3,160,682 net assets at year end
XI-1 Total revenue$2,862,212
XI-2 Total expenses$2,695,438
XI-3 Revenue less expenses$166,774
XI-4 Net assets at start of year$2,993,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,160,682

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

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