Form 990 for tax year 2024
Filed by RISE SOUTHEAST RALEIGH CHARTER SCHOOL INC.
Totals
- Total revenue
- $6,716,169
- Total expenses
- $6,765,074
- Contributions and grants received
- $6,642,494
- Grants paid
- $0
- Program service revenue
- $11,478
- Investment income
- $0
- Other revenue
- $62,197
- Total assets, end of year
- $1,146,370
- Total liabilities, end of year
- $653,780
- Net assets or fund balances, end of year
- $492,590
- Program services expenses (Part IX)
- $5,218,037
- Management and general expenses
- $1,547,037
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,218,037
Program services were 77.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$6,345,277
-
1f · All other contributions, gifts and grants
$297,217
-
2a · Program service revenue: SCHOOL ACTIVITIES
total $11,478 · related or exempt $11,478
-
6a · Gross rents
real property $22,525
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $22,525
-
6d · Net rental income or loss
total $22,525 · related or exempt $22,525
-
11a · Other revenue: MISCELLANEOUS
total $21,885 · related or exempt $21,885
-
11b · Other revenue: SALES TAX
total $17,787 · related or exempt $17,787
-
11e · Other revenue, total
$39,672
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $120,102 · program services $92,637 · management and general $27,465
-
7 · Other salaries and wages
total $3,647,608 · program services $2,813,473 · management and general $834,135
-
8 · Pension plan contributions
total $34,664 · program services $26,737 · management and general $7,927
-
9 · Other employee benefits
total $412,142 · program services $317,893 · management and general $94,249
-
10 · Payroll taxes
total $276,646 · program services $213,383 · management and general $63,263
-
11b · Fees: legal
total $10,490 · program services $8,091 · management and general $2,399
-
11c · Fees: accounting
total $12,950 · program services $9,989 · management and general $2,961
-
11g · Fees: other
total $678,928 · program services $523,671 · management and general $155,257
-
12 · Advertising and promotion
total $123,717 · program services $95,425 · management and general $28,292
-
13 · Office expenses
total $8,572 · program services $6,612 · management and general $1,960
-
14 · Information technology
total $91,586 · program services $70,642 · management and general $20,944
-
16 · Occupancy
total $469,533 · program services $362,160 · management and general $107,373
-
17 · Travel
total $51,727 · program services $39,898 · management and general $11,829
-
19 · Conferences, conventions and meetings
total $32,212 · program services $24,846 · management and general $7,366
-
20 · Interest
total $37,500 · program services $28,924 · management and general $8,576
-
22 · Depreciation, depletion and amortization
total $83,622 · program services $64,499 · management and general $19,123
-
23 · Insurance
total $48,567 · program services $37,461 · management and general $11,106
-
24a · Other expenses: NUTRITION SERVICES
total $350,293 · program services $270,188 · management and general $80,105
-
24b · Other expenses: BOOKS & SUPPLIES
total $173,252 · program services $133,633 · management and general $39,619
-
24c · Other expenses: ADMIN. SERVICES
total $84,648 · program services $65,291 · management and general $19,357
-
24d · Other expenses: ATHLETICS
total $9,800 · program services $7,559 · management and general $2,241
-
24e · All other expenses
total $6,515 · program services $5,025 · management and general $1,490
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $239,122 · end of year $479,114
-
4 · Accounts receivable
beginning of year $97,240 · end of year $197,477
-
9 · Prepaid expenses and deferred charges
beginning of year $15,741 · end of year $14,556
-
10a · Land, buildings and equipment: cost or other basis
$1,019,896
-
10b · Land, buildings and equipment: accumulated depreciation
$564,673
-
10c · Land, buildings and equipment, net
beginning of year $419,191 · end of year $455,223
-
17 · Accounts payable and accrued expenses
beginning of year $229,799 · end of year $328,780
-
25 · Other liabilities
beginning of year $0 · end of year $325,000
-
27 · Net assets without donor restrictions
beginning of year $423,691 · end of year $364,446
-
28 · Net assets with donor restrictions
beginning of year $117,804 · end of year $128,144
Mission and programs · 2024
Mission
TO PREPARE KINDERGARTEN THROUGH EIGHTH-GRADE STUDENTS TO THRIVE IN COMPETITIVE HIGH SCHOOLS AND FOUR-YEAR COLLEGES. THE SCHOOL PROVIDES STUDENTS WITH A RIGOROUS ACADEMIC PROGRAM AND A VALUES-BASED COMMUNITY GROUNDED IN ITS CORE PRINCIPLES.
Activities or mission (Part I)
OPERATION OF A PUBLIC CHARTER SCHOOL
-
A PUBLIC CHARTER SCHOOL IN NORTH CAROLINA THAT PROVIDED TUITION-FREE EDUCATION TO APPROXIMATELY 482 STUDENTS IN SOUTHEAST RALEIGH, NORTH CAROLINA, DURING THE FISCAL YEAR ENDED JUNE 30, 2025.
Expenses $5,218,037 · Revenue $73,675
As filed on the 2024 return.
Listed in Part VII
-
Kwan GrahamKWAN GRAHAM
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Crawford CrenshawCRAWFORD CRENSHAW
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Annette CoronaANNETTE CORONA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Lynette AytchLYNETTE AYTCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren VanceLAUREN VANCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Taylor DewberryTAYLOR DEWBERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dexter HebertDEXTER HEBERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Spencer RobertsonSPENCER ROBERTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew LakisANDREW LAKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willette MormanWILLETTE MORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Craig HerbCRAIG HERB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dawn ArthurDAWN ARTHUR
EXECUTIVE DIRECTOR
- Total calculated
- $120,102
- From this org
- $120,102
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jason JowersJASON JOWERS
PRINCIPAL
- Total calculated
- $122,794
- From this org
- $122,794
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SOUTHEAST RALEIGH CHARTER FOUNDATION INC
C · REAL ESTATE RENTAL · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 4 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202621299349300632
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