Reve Preparatory INC

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $1,000 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

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 I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2809171) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 8 volunteers and 27 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $75K a year · 2% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$154K
to officers and key staff · 3% of spending
Pay to officers and key staff is 3% of spending.
Part VII, Section A
7.8 mo
of spending, in cash
7.8 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$25.2M
99% of total assets
Liabilities are 99% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.4M
+12% vs prior year
Spent
$5.0M
To programs
89%
Net assets
$125K
By yearFY2021–FY2024
Revenue
$4.4M
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2021$2.0M
FY2022$3.2M
FY2023$4.0M
FY2024$4.4M
Expenses
$5.0M
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.7M
FY2022$3.3M
FY2023$3.9M
FY2024$5.0M
Net assets
$125K
FY2024▼ -82%
Tap a bar for its year
Net assets by fiscal year
FY2021$766K
FY2022$614K
FY2023$707K
FY2024$125K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2017.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.5M Management & general 11% · $544K

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

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $154K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Outgoing Sup
$131,364Pt VII · Sec A
$22,380Pt VII · Sec A
Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Traci E Thibodeaux’s $131K as Outgoing Sup is at the 54th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Traci E Thibodeaux$131,364———
Traci Thibodeaux—$130,724$123,861$108,527
Dr Toscha Dickerson$22,380———

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.

See Reve Preparatory INC executive salaries →

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 15aYes

Programs and updates

Educates K-8 students for success with rigorous academics and character development.

Questions for Reve Preparatory INC

Tap to ask. Reve Preparatory INC sees how many people are interested.

Your first name shows with your question. Reve Preparatory INC answers here, for everyone.

1 program · $4.5M · in their own filed words · FY2023
01

Establishment of a k-8 open-enrollment public charter school in the houston area

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-2809171) · Dispute this line
$4.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$50K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2024 · $1.2M federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$902K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$161K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Department of Agriculture$69K
Special Education Grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$42K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Department of Agriculture$31K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Jun 2023 · $960K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$573K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$140K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Department of Agriculture$119K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Department of Agriculture$62K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$29K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Jun 2022 · $879K federal money spent
Education Stabilization FundDepartment of Education · ALN 84.425 · Through Texas Education Agency$646K
National School Lunch ProgramDepartment of Agriculture · ALN 10.555 · Through Texas Department of Agriculture$99K
School Breakfast ProgramDepartment of Agriculture · ALN 10.553 · Through Texas Department of Agriculture$51K
Title I Grants to Local Educational AgenciesDepartment of Education · ALN 84.010 · Through Texas Education Agency$38K
Special Education_grants to StatesDepartment of Education · ALN 84.027 · Through Texas Education Agency$30K

Plus 3 smaller programs.

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.0M
Investment incomeLn 3$432K
Money outPt IX
$5.0M
Ln 25
Programscol B$4.5M
Managementcol C$544K
Owns and owesPt X
$125K
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$25.3M
LiabilitiesLn 26$25.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Government grantsLn 1e$3.9M
Investment incomeLn 3$432K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$315K
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$3.2M
Pledges and grants receivableLn 3$295K
Prepaid expenses and deferred chargesLn 9$52K
Land, buildings, equipmentLn 10c$6.6M
Other assetsLn 15$15.1M
Total assetsLn 16$25.3M
LiabilitiesLn 26$25.2M
Net assetsLn 32$125K
OperationsPt I, VI
EmployeesI 527
VolunteersI 68
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$25.1M
Bond issues listedSch K Pt I2
Raised by those issuesSch K Pt I$25.1M
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$15.9M$3.2M
Land, buildings, equipmentLn 10c$6.8M$6.6M
Total assetsLn 16$27.8M$25.3M
LiabilitiesLn 26$27.1M$25.2M
Net assetsLn 32$707K$125K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$105K$105K
Other salaries and wagesLn 7$1.5M$1.4M$134K
Pension plan contributionsLn 8$141K$126K$15K
Other employee benefitsLn 9$70K$63K$7K
Payroll taxesLn 10$19K$16K$3K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$1.4M$1.1M$204K
Information technologyLn 14$2K$2K
OccupancyLn 16$80K$80K
TravelLn 17$2K$2K
InterestLn 20$615K$615K
Depreciation, depletion and amortizationLn 22$251K$251K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$706K$691K$15K
All other expensesLn 24e$94K$51K$43K
Total functional expensesLn 25$5.0M$4.5M$544K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Feb 25, 2025 $4.4M$5.0M−$582K$125K 990 PDF
FY2023Filed with the IRS Jan 23, 2024 $4.0M$3.9M$92K$707K 990 PDF
FY2022Filed with the IRS Feb 20, 2023 $3.2M$3.3M−$151K$614K 990 PDF
FY2021Filed with the IRS Jan 26, 2022 $2.0M$1.7M$341K$766K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $4,419,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,640,379$3,987,005
I-9 Program service revenue$0
I-10 Investment incomePrior year $310,511$432,400
I-11 Other revenue$0
I-12 Total revenuePrior year $3,950,890$4,419,405
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,634,865$1,836,366
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,223,539$3,164,755
I-18 Total expensesPrior year $3,858,404$5,001,121
I-19 Revenue less expensesPrior year $92,486−$581,716
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,419,405 across 5 lines filed
VIII-1e Government grants$3,928,532
VIII-1f All other contributions, gifts and grants$58,473
VIII-1h Total contributions, gifts and grants$3,987,005
VIII-3 Investment incomeExcluded from tax $432,400$432,400
VIII-12 Total revenueExcluded from tax $432,400$4,419,405
Part IX · Statement of functional expenses $5,001,121 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Management $104,911$104,911
IX-7 Other salaries and wagesPrograms $1,368,061 · Management $133,803$1,501,864
IX-8 Pension plan contributionsPrograms $125,799 · Management $15,130$140,929
IX-9 Other employee benefitsPrograms $62,899 · Management $6,936$69,835
IX-10 Payroll taxesPrograms $15,725 · Management $3,102$18,827
IX-11b Legal feesManagement $1,200$1,200
IX-11c Accounting feesManagement $16,300$16,300
IX-11g Other fees for servicesPrograms $1,147,760 · Management $204,266$1,352,026
IX-14 Information technologyPrograms $2,005$2,005
IX-16 OccupancyPrograms $79,929$79,929
IX-17 TravelPrograms $1,757$1,757
IX-20 InterestPrograms $615,095$615,095
IX-22 Depreciation, depletion and amortizationPrograms $250,841$250,841
IX-23 InsurancePrograms $45,934$45,934
IX-24 Other expenses (24a–d)Programs $690,593 · Management $15,198$705,791
IX-24e All other expensesPrograms $50,929 · Management $42,948$93,877
IX-25 Total functional expensesPrograms $4,457,327 · Management $543,794 · Fundraising $0$5,001,121
Part X · Balance sheet $25,292,007 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $685,344$314,686
X-2 Savings and temporary cash investmentsStart of year $15,198,896$2,934,437
X-3 Pledges and grants receivableStart of year $808,419$294,851
X-9 Prepaid expenses and deferred chargesStart of year $53,512$52,024
X-10c Land, buildings and equipment, netStart of year $6,796,407$6,630,746
X-15 Other assetsStart of year $4,269,792$15,065,263
X-16 Total assetsStart of year $27,812,370$25,292,007
X-17 Accounts payable and accrued expensesStart of year $2,982,228$958,401
X-20 Tax-exempt bond liabilitiesStart of year $25,070,000$25,070,000
X-25 Other liabilitiesStart of year −$946,610−$861,430
X-26 Total liabilitiesStart of year $27,105,618$25,166,971
X-27 Net assets without donor restrictionsStart of year $282,535$95,851
X-28 Net assets with donor restrictionsStart of year $424,217$29,185
X-32 Total net assets or fund balancesStart of year $706,752$125,036
X-33 Total liabilities and net assetsStart of year $27,812,370$25,292,007
Part XI · Reconciliation of net assets $125,036 net assets at year end
XI-1 Total revenue$4,419,405
XI-2 Total expenses$5,001,121
XI-3 Revenue less expenses−$581,716
XI-4 Net assets at start of year$706,752
XI-10 Net assets at end of year$125,036

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.

Featured nonprofit jobs

All nonprofit jobs → · Hiring? Post a job →