Form 990 for tax year 2022

Filed by ACHIEVEMENT FIRST RHODE ISLAND.

Totals

Total revenue: $53,387,295
Total expenses: $49,565,874
Contributions and grants received: $5,783,142
Grants paid: $8,585
Program service revenue: $47,281,077
Investment income: $295,632
Other revenue: $27,444
Total assets, end of year: $80,620,877
Total liabilities, end of year: $68,021,668
Net assets or fund balances, end of year: $12,599,209
Program services expenses (Part IX): $43,538,365
Management and general expenses: $5,986,509
Fundraising expenses: $41,000
Program service expenses (Part III): $43,538,365

Program services were 87.8% 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)

$3,705,173
1f · All other contributions, gifts and grants

$2,077,969
2a · Program service revenue: STATE AND LOCAL PER PUPIL OPERATI

total $41,228,232 · related or exempt $41,228,232
2b · Program service revenue: FEES FROM GOVT TO PERFORM SERVICE

total $4,736,422 · related or exempt $4,736,422
2c · Program service revenue: SPECIAL EDUCATION REVENUE

total $1,316,423 · related or exempt $1,316,423
3 · Investment income

total $295,632 · excluded $295,632
11d · All other revenue

total $27,444 · related or exempt $27,444
11e · Other revenue, total

$27,444

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $8,585 · program services $8,585
7 · Other salaries and wages

total $22,566,887 · program services $19,400,933 · management and general $3,165,954
9 · Other employee benefits

total $4,168,187 · program services $3,583,423 · management and general $584,764
11a · Fees: management

total $4,921,476 · program services $4,634,402 · management and general $246,074 · fundraising $41,000
11b · Fees: legal

total $13,912 · program services $13,717 · management and general $195
11c · Fees: accounting

total $34,215 · management and general $34,215
11g · Fees: other

total $1,862,337 · program services $1,836,234 · management and general $26,103
12 · Advertising and promotion

total $52,021 · program services $52,021
13 · Office expenses

total $501,187 · program services $389,378 · management and general $111,809
14 · Information technology

total $1,564,355 · program services $1,532,125 · management and general $32,230
16 · Occupancy

total $719,065 · program services $618,186 · management and general $100,879
20 · Interest

total $1,044,086 · management and general $1,044,086
22 · Depreciation, depletion and amortization

total $1,469,433 · program services $1,175,546 · management and general $293,887
23 · Insurance

total $296,546 · program services $254,943 · management and general $41,603
24a · Other expenses: STUDENT SERVICES

total $6,237,806 · program services $6,237,806
24b · Other expenses: REPAIRS AND MAINTENANCE

total $1,771,746 · program services $1,572,819 · management and general $198,927
24c · Other expenses: SUPPLIES/MATERIALS

total $1,267,547 · program services $1,267,547
24d · Other expenses: EQUIPMENT/FURNISHINGS

total $476,426 · program services $409,587 · management and general $66,839
24e · All other expenses

total $590,057 · program services $551,113 · management and general $38,944

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $25,755,855 · end of year $14,509,886
2 · Savings and temporary cash investments

beginning of year $18,397 · end of year $85,392
4 · Accounts receivable

beginning of year $3,895,835 · end of year $2,952,986
9 · Prepaid expenses and deferred charges

beginning of year $241,330 · end of year $549,150
10a · Land, buildings and equipment: cost or other basis

$34,466,716
10b · Land, buildings and equipment: accumulated depreciation

$8,001,415
10c · Land, buildings and equipment, net

beginning of year $26,786,267 · end of year $26,465,301
14 · Intangible assets

end of year $322,740
15 · Other assets

beginning of year $13,275,884 · end of year $35,735,422
17 · Accounts payable and accrued expenses

beginning of year $1,766,540 · end of year $6,542,209
20 · Tax-exempt bond liabilities

beginning of year $55,657,929 · end of year $54,742,399
23 · Secured mortgages and notes payable

beginning of year $59,506 · end of year $32,799
25 · Other liabilities

beginning of year $3,711,805 · end of year $6,704,261
27 · Net assets without donor restrictions

beginning of year $8,066,650 · end of year $12,599,209
28 · Net assets with donor restrictions

beginning of year $711,138 · end of year $0

Mission and programs · 2022

Mission

THE MISSION OF ACHIEVEMENT FIRST RHODE ISLAND IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOLS SERVE STUDENTS FROM LOW INCOME HOUSEHOLDS IN PROVIDENCE, RHODE ISLAND. THE SCHOOL OPERATED CLASSES FOR STUDENTS IN KINDERGARTEN THROUGH TENTH GRADE.

Activities or mission (Part I)

THE MISSION OF ACHIEVEMENT FIRST RHODE ISLAND IS TO STRENGTHEN THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP-TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES. THE SCHOOL SERVES STUDENTS FROM LOW INCOME HOUSEHOLDS IN PROVIDENCE AND SURROUNDING COMMUNITIES IN RHODE ISLAND. THE SCHOOL OFFERS KINDERGARTEN THROUGH TENTH GRADE.

ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TENTH GRADE.

Expenses $43,538,365 · Grants $8,585 · Revenue $47,308,521

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

JAMES WILEY

TREASURER

Total calculated

$0

Hours/week

1
JO-ANN SCHOFIELD

DIRECTOR

Total calculated

$0

Hours/week

1
JOHN IGLIOZZI

DIRECTOR

Total calculated

$0

Hours/week

1
MACKY MCCLEARLY

DIRECTOR

Total calculated

$0

Hours/week

1
MARYELLEN BUTKE

VICE CHAIR

Total calculated

$0

Hours/week

1
MAYOR BRETT SMILEY

CHAIR

Total calculated

$0

Hours/week

1
MAYOR CHARLES LOMBARDI

DIRECTOR

Total calculated

$0

Hours/week

1
MAYOR JORGE ELORZA

OUTGOING CHAIR

Total calculated

$0

Hours/week

1
AJA DAVIS

PRINCIPAL

Total calculated

$183,286

From this org

$164,812

From related orgs

$0

Other

$18,474

Hours/week

40

Schedule J breakdown matched by us

Base

$159,682

Bonus

$5,000

Other

$130

Deferred

$2,500

Nontaxable benefits

$15,974

Filer's total

$183,286
ANDREW WALKER

PRINCIPAL

Total calculated

$158,870

From this org

$148,246

From related orgs

$0

Other

$10,624

Hours/week

40

Schedule J breakdown matched by us

Base

$143,133

Bonus

$5,000

Other

$113

Deferred

$2,500

Nontaxable benefits

$8,124

Filer's total

$158,870
BREONNA M HUDGINS

PRINCIPAL

Total calculated

$156,208

From this org

$144,174

From related orgs

$0

Other

$12,034

Hours/week

40

Schedule J breakdown matched by us

Base

$139,070

Bonus

$5,000

Other

$104

Deferred

$2,500

Nontaxable benefits

$9,534

Filer's total

$156,208
DONAVAN L TRACEY

PRINCIPAL

Total calculated

$175,451

From this org

$166,063

From related orgs

$0

Other

$9,388

Hours/week

40

Schedule J breakdown matched by us

Base

$160,967

Bonus

$5,000

Other

$96

Deferred

$0

Nontaxable benefits

$9,388

Filer's total

$175,451
MINDY RICE

ACADEMIC DEAN & PRINCIPAL

Total calculated

$147,626

From this org

$145,126

From related orgs

$0

Other

$2,500

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 · Approval by the board or compensation committee
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: THE AMOUNTS IN PART II COLUMN B (II) REPRESENT PAYMENTS FOR BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS' W-2S.

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.

Provenance

Return type: form_990
Tax year: 2022
Filed: 1 May 2024
IRS schema version: 2022v5.0
Source object: 202421229349301532

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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