Totals
- Total revenue
- $8,130,290
- Total expenses
- $8,135,886
- Contributions and grants received
- $931,581
- Grants paid
- $1,588,535
- Program service revenue
- $6,526,434
- Investment income
- $665,931
- Other revenue
- $6,344
- Total assets, end of year
- $48,903,477
- Total liabilities, end of year
- $27,740,658
- Net assets or fund balances, end of year
- $21,162,819
- Program services expenses (Part IX)
- $5,858,072
- Management and general expenses
- $2,094,997
- Fundraising expenses
- $182,817
- Program service expenses (Part III)
- $5,858,072
Program services were 72.0% 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.
-
1f · All other contributions, gifts and grants
$931,581
-
1g · Noncash contributions included above
$24,700
-
2a · Program service revenue: MANAGEMENT FEE
total $5,331,406 · related or exempt $5,331,406
-
2b · Program service revenue: CAPITAL LEASE INTEREST
total $771,944 · related or exempt $771,944
-
2c · Program service revenue: RENTAL INCOME
total $423,084 · related or exempt $423,084
-
3 · Investment income
total $665,931 · excluded $665,931
-
11a · Other revenue: MISCELLANEOUS
total $6,344 · related or exempt $6,344
-
11e · Other revenue, total
$6,344
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,581,135 · program services $1,581,135
-
2 · Grants to domestic individuals
total $7,400 · program services $7,400
-
5 · Compensation of officers, directors and key employees
total $989,766 · program services $558,717 · management and general $299,171 · fundraising $131,878
-
7 · Other salaries and wages
total $2,272,830 · program services $1,416,513 · management and general $828,318 · fundraising $27,999
-
9 · Other employee benefits
total $213,599 · program services $127,147 · management and general $79,827 · fundraising $6,625
-
10 · Payroll taxes
total $206,042 · program services $121,864 · management and general $73,812 · fundraising $10,366
-
11b · Fees: legal
total $84,856 · management and general $84,856
-
11c · Fees: accounting
total $211,627 · management and general $211,627
-
11d · Fees: lobbying
total $58,500 · program services $58,500
-
11g · Fees: other
total $578,705 · program services $336,088 · management and general $242,617
-
12 · Advertising and promotion
total $207,594 · program services $189,356 · management and general $18,238
-
13 · Office expenses
total $33,848 · program services $22,937 · management and general $10,911
-
14 · Information technology
total $56,052 · program services $7,619 · management and general $48,163 · fundraising $270
-
16 · Occupancy
total $37,639 · management and general $37,639
-
17 · Travel
total $26,184 · program services $15,208 · management and general $8,693 · fundraising $2,283
-
20 · Interest
total $1,000,337 · program services $1,000,337
-
22 · Depreciation, depletion and amortization
total $161,427 · program services $161,427
-
23 · Insurance
total $113,393 · management and general $113,393
-
24a · Other expenses: STAFF RECRUITMENT
total $113,083 · program services $104,318 · management and general $8,765
-
24b · Other expenses: STUDENT COSTS
total $86,610 · program services $86,424 · management and general $186
-
24c · Other expenses: STAFF DEVELOPMENT
total $67,988 · program services $60,014 · management and general $6,992 · fundraising $982
-
24d · Other expenses: MISCELLANEOUS
total $27,271 · program services $3,068 · management and general $21,789 · fundraising $2,414
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $410,354 · end of year $366,890
-
2 · Savings and temporary cash investments
beginning of year $10,339,912 · end of year $9,715,647
-
3 · Pledges and grants receivable
beginning of year $75,469 · end of year $53,977
-
4 · Accounts receivable
beginning of year $762,532 · end of year $775,057
-
7 · Other notes and loans receivable
beginning of year $450,000 · end of year $750,000
-
9 · Prepaid expenses and deferred charges
beginning of year $107,099 · end of year $102,962
-
10a · Land, buildings and equipment: cost or other basis
$5,279,535
-
10b · Land, buildings and equipment: accumulated depreciation
$322,854
-
10c · Land, buildings and equipment, net
beginning of year $4,168,735 · end of year $4,956,681
-
15 · Other assets
beginning of year $33,424,790 · end of year $32,182,263
-
17 · Accounts payable and accrued expenses
beginning of year $374,074 · end of year $515,049
-
20 · Tax-exempt bond liabilities
beginning of year $24,124,783 · end of year $23,300,015
-
23 · Secured mortgages and notes payable
beginning of year $3,547,344 · end of year $3,398,271
-
25 · Other liabilities
beginning of year $348,978 · end of year $527,323
-
27 · Net assets without donor restrictions
beginning of year $12,907,633 · end of year $14,082,812
-
28 · Net assets with donor restrictions
beginning of year $8,436,079 · end of year $7,080,007
Mission and programs · 2023
Mission
TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND; TO ENGAGE IN ACTIVITIES AND PERFORM FUNCTIONS THAT THE SCHOOLS WOULD OTHERWISE HAVE TO PERFORM; TO OWN, LEASE AND MAINTAIN THE SITES AT WHICH THE SCHOOLS ARE LOCATED AND TO OTHERWISE BENEFIT THE SCHOOLS THROUGH PROVISION OF FINANCIAL SUPPORT AND SERVICES.
-
TO RAISE FUNDS AND SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL AND EXCEL ACADEMY RHODE ISLAND.
Expenses $5,858,072 · Grants $1,588,535 · Revenue $6,532,778
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Seth ReynoldsSETH REYNOLDS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.8
-
Megan PreinerMEGAN PREINER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.8
-
Donald CassDONALD CASS
CLERK
- Total calculated
- $0
- Hours/week
- 0.8
-
Shirley Veronica CardonaSHIRLEY VERONICA CARDONA
MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Christopher SattiCHRISTOPHER SATTI
MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Timonthy WellerTIMONTHY WELLER
MEMBER
- Total calculated
- $0
- Hours/week
- 0.8
-
Owen StearnsOWEN STEARNS
CHIEF EXECUTIVE OFFICER
- Total calculated
- $286,895
- From this org
- $263,486
- From related orgs
- $0
- Other
- $23,409
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $263,486
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,409
- Filer's total
- $286,895
-
Nina KeoughNINA KEOUGH
CHIEF SCHOOL OFFICER
- Total calculated
- $244,335
- From this org
- $220,842
- From related orgs
- $0
- Other
- $23,493
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,842
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,493
- Filer's total
- $244,335
-
Andrew SolomonANDREW SOLOMON
CHIEF FINANCIAL OFFICER
- Total calculated
- $209,123
- From this org
- $201,015
- From related orgs
- $0
- Other
- $8,108
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $201,015
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $8,108
- Filer's total
- $209,123
-
Stephanie PattonSTEPHANIE PATTON
DEPUTY CHIEF SCHOOLS OFFICER
- Total calculated
- $176,034
- From this org
- $175,847
- From related orgs
- $0
- Other
- $187
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,847
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $187
- Filer's total
- $176,034
-
Sarah B KantrowitzSARAH B KANTROWITZ
MANAGING DIRECTOR: STUDENT SUPPORT
- Total calculated
- $178,653
- From this org
- $155,160
- From related orgs
- $0
- Other
- $23,493
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,160
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,493
- Filer's total
- $178,653
-
Stevie RobertsSTEVIE ROBERTS
MANAGING DIRECTOR: OPERATIONS
- Total calculated
- $140,255
- From this org
- $139,835
- From related orgs
- $0
- Other
- $420
- Hours/week
- 40
-
Aaron StelsonAARON STELSON
SENIOR DIRECTOR: FINANCE
- Total calculated
- $132,454
- From this org
- $131,969
- From related orgs
- $0
- Other
- $485
- Hours/week
- 40
-
Tsvetelina TsankovaTSVETELINA TSANKOVA
DIRECTOR OF ACCOUNTING
- Total calculated
- $133,334
- From this org
- $121,376
- From related orgs
- $0
- Other
- $11,958
- Hours/week
- 40
-
Kathryn MegrianKATHRYN MEGRIAN
MANAGING DIRECTOR OF ACADEMICS
- Total calculated
- $115,249
- From this org
- $102,672
- From related orgs
- $0
- Other
- $12,577
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$943,396
TO SUPPORT THE FUNCTIONS OF EXCEL ACADEMY RHODE ISLAND
-
EXCEL ACADEMY CHARTER SCHOOL
$637,738
TO SUPPORT THE FUNCTIONS OF EXCEL ACADEMY CHARTER SCHOOL.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511089349300911
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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