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Nonprofiteer
← REPUBLIC SCHOOLS INC

Form 990 for tax year 2023

Filed by REPUBLIC SCHOOLS INC.

Totals

Total revenue
$29,190,251
Total expenses
$27,275,179
Contributions and grants received
$9,159,273
Grants paid
$0
Program service revenue
$20,030,978
Investment income
$0
Other revenue
$0
Total assets, end of year
$28,356,909
Total liabilities, end of year
$12,609,161
Net assets or fund balances, end of year
$15,747,748
Program services expenses (Part IX)
$23,504,088
Management and general expenses
$3,771,091
Fundraising expenses
$0
Program service expenses (Part III)
$23,504,088

Program services were 86.2% 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)

    $8,241,021

  • 1f · All other contributions, gifts and grants

    $918,252

  • 2a · Program service revenue: Charter School Support

    total $1,478,382 · related or exempt $1,478,382

  • 2b · Program service revenue: MAES

    total $18,552,596 · related or exempt $18,552,596

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $601,419 · program services $511,206 · management and general $90,213

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $10,902,956 · program services $9,267,513 · management and general $1,635,443

  • 8 · Pension plan contributions

    total $378,322 · program services $321,574 · management and general $56,748

  • 9 · Other employee benefits

    total $1,312,622 · program services $1,115,728 · management and general $196,894

  • 10 · Payroll taxes

    total $900,871 · program services $765,740 · management and general $135,131

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $3,673,426 · program services $3,442,598 · management and general $230,828

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $328,224 · program services $278,990 · management and general $49,234

  • 17 · Travel

    total $171,106 · program services $145,440 · management and general $25,666

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $152,836 · program services $129,911 · management and general $22,925

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,150,081 · program services $977,569 · management and general $172,512

  • 23 · Insurance

    total $423,396 · program services $359,887 · management and general $63,509

  • 24a · Other expenses: Food Service

    total $1,841,519 · program services $1,565,291 · management and general $276,228

  • 24b · Other expenses: Repairs and Maintenance

    total $1,778,214 · program services $1,511,482 · management and general $266,732

  • 24c · Other expenses: Transportation

    total $1,688,340 · program services $1,435,089 · management and general $253,251

  • 24d · Other expenses: Books and Supplies

    total $1,436,375 · program services $1,220,919 · management and general $215,456

  • 24e · All other expenses

    total $535,472 · program services $455,151 · management and general $80,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,489,183 · end of year $11,874,465

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $1,409,426 · end of year $2,717,905

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $525,776 · end of year $344,363

  • 10a · Land, buildings and equipment: cost or other basis

    $18,790,405

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,065,398

  • 10c · Land, buildings and equipment, net

    beginning of year $12,436,336 · end of year $12,725,007

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $851,155 · end of year $695,169

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,351,099 · end of year $3,931,201

  • 19 · Deferred revenue

    beginning of year $1,555,327 · end of year $1,861,172

  • 23 · Secured mortgages and notes payable

    beginning of year $6,138,000 · end of year $6,138,000

  • 25 · Other liabilities

    beginning of year $834,774 · end of year $678,788

  • 27 · Net assets without donor restrictions

    beginning of year $13,832,676 · end of year $15,747,748

Mission and programs · 2023

Mission

The primary activity of the Republic Schools is to provide management and financial support for the benefit of the State funded charter schools.

  • Public Charter School

    Expenses $20,870,021 · Revenue $18,552,596

  • Charter management services

    Expenses $2,634,067 · Revenue $1,478,382

As filed on the 2023 return.

Listed in Part VII

  • Ashley Gallimore

    CEO

    Total calculated
    $240,691
    From this org
    $217,991
    From related orgs
    $0
    Other
    $22,700
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,991
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,500
    Nontaxable benefits
    $200
    Filer's total
    $240,691

  • Kevin Heffel

    Chief Academic Officer

    Total calculated
    $199,779
    From this org
    $178,433
    From related orgs
    $0
    Other
    $21,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    $21,346
    Nontaxable benefits
    not reported
    Filer's total
    $199,779

  • Jonathan Rybka

    Former CEO

    Total calculated
    $179,599
    From this org
    $167,433
    From related orgs
    $0
    Other
    $12,166
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $167,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    $10,500
    Nontaxable benefits
    $1,666
    Filer's total
    $179,599

  • Angela Bass

    Executive Director - MS

    Total calculated
    $160,949
    From this org
    $151,827
    From related orgs
    $0
    Other
    $9,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,827
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,122
    Nontaxable benefits
    not reported
    Filer's total
    $160,949

  • Lynzie Smith

    Principal

    Total calculated
    $131,341
    From this org
    $131,341
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Karen Vernon

    Chief Talent Off.

    Total calculated
    $124,086
    From this org
    $117,786
    From related orgs
    $0
    Other
    $6,300
    Hours/week
    40

  • Anthony Vernaci

    Senior Director

    Total calculated
    $115,883
    From this org
    $115,883
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Wood Caldwell

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Annette Green

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Diarese George

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Erika Berry-Huffman

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • Julia Hanks

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Micayla Tatum

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Ashley Harbin

    Board Member

    Total calculated
    $0
    Hours/week
    2

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

None.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
10 March 2025
IRS schema version
2023v6.0
Source object
202540699349300719

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