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Nonprofiteer
← NEVADA RISE ACADEMY INC

Form 990 for tax year 2023

Filed by NEVADA RISE ACADEMY INC.

Totals

Total revenue
$6,176,072
Total expenses
$5,245,169
Contributions and grants received
$6,152,920
Grants paid
$0
Program service revenue
$0
Investment income
$23,152
Other revenue
$0
Total assets, end of year
$7,630,516
Total liabilities, end of year
$5,202,697
Net assets or fund balances, end of year
$2,427,819
Program services expenses (Part IX)
$4,865,892
Management and general expenses
$379,277
Fundraising expenses
$0
Program service expenses (Part III)
$4,865,892

Program services were 92.8% 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)

    $6,093,741

  • 1f · All other contributions, gifts and grants

    $59,179

  • 3 · Investment income

    total $23,152 · excluded $23,152

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $180,035 · program services $144,028 · management and general $36,007

  • 7 · Other salaries and wages

    total $2,073,331 · program services $2,015,915 · management and general $57,416

  • 8 · Pension plan contributions

    total $1,147,999 · program services $1,125,537 · management and general $22,462

  • 9 · Other employee benefits

    total $283,190 · program services $262,302 · management and general $20,888

  • 11a · Fees: management

    total $59,539 · program services $47,631 · management and general $11,908

  • 11g · Fees: other

    total $168,943 · program services $168,943

  • 12 · Advertising and promotion

    total $5,900 · program services $4,720 · management and general $1,180

  • 13 · Office expenses

    total $115,402 · program services $103,173 · management and general $12,229

  • 14 · Information technology

    total $130,970 · program services $116,167 · management and general $14,803

  • 16 · Occupancy

    total $436,311 · program services $349,049 · management and general $87,262

  • 17 · Travel

    total $21,381 · program services $19,296 · management and general $2,085

  • 22 · Depreciation, depletion and amortization

    total $37,873 · program services $30,298 · management and general $7,575

  • 23 · Insurance

    total $36,174 · program services $28,939 · management and general $7,235

  • 24a · Other expenses: OTHER EXPENSES

    total $318,192 · program services $220,350 · management and general $97,842

  • 24b · Other expenses: FOOD

    total $180,591 · program services $180,472 · management and general $119

  • 24c · Other expenses: INSTRUCTIONAL MATERIALS

    total $49,338 · program services $49,072 · management and general $266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,427,937 · end of year $3,439,587

  • 4 · Accounts receivable

    beginning of year $175,857 · end of year $589,758

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,863 · end of year $47,054

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

    $1,865,029

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

    $1,339,688

  • 10c · Land, buildings and equipment, net

    beginning of year $719,058 · end of year $525,341

  • 15 · Other assets

    beginning of year $3,010,515 · end of year $3,028,776

  • 17 · Accounts payable and accrued expenses

    beginning of year $384,957 · end of year $256,318

  • 19 · Deferred revenue

    beginning of year $39,906 · end of year $30,047

  • 24 · Unsecured notes and loans payable

    beginning of year $686,696 · end of year $363,286

  • 25 · Other liabilities

    beginning of year $3,788,755 · end of year $4,553,046

  • 27 · Net assets without donor restrictions

    beginning of year $1,470,345 · end of year $2,427,819

  • 28 · Net assets with donor restrictions

    beginning of year $26,571 · end of year $0

Mission and programs · 2023

Mission

THROUGH RIGOROUS ACADEMICS, HIGH-QUALITY INSTRUCTION, AND INTENTIONAL CHARACTER DEVELOPMENT, NEVADA RISE ACADEMY CHARTER SCHOOL PLACES EVERY KINDERGARTEN THROUGH 5TH GRADE STUDENT ON A PATH TO COLLEGE, AND ENSURES EACH STUDENT HAS ACCESS TO LIFE'S FULLEST OPPORTUNITIES.

Activities or mission (Part I)

SUCCESS AND ACHIEVEMENT REGARDLESS OF ZIP CODE OR OTHER DEMOGRAPHIC DETERMINANTS. NEVADA RISE ACADEMY ENVISIONS ALL STUDENTS ACHIEVING AT HIGH LEVELS, MATRICULATING INTO HIGH-ACHIEVING MIDDLE AND HIGH SCHOOLS, GRADUATING COLLEGE, AND PROVING WHAT IS POSSIBLE FOR ALL STUDENTS IN LAS VEGAS.

  • NEVADA RISE OPERATES A HIGH QUALITY PUBLIC CHARTER SCHOOL THAT SERVED ROUGHLY 365 STUDENTS IN GRADES K-5 DURING THE 2023-2024 FISCAL YEAR.

    Expenses $4,865,892 · Revenue $13,074

As filed on the 2023 return.

Listed in Part VII

  • Justin Brecht

    EXEC DIR./FOUNDER

    Total calculated
    $169,562
    From this org
    $129,200
    From related orgs
    $0
    Other
    $40,362
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,200
    Bonus
    $2,000
    Other
    $0
    Deferred
    $40,362
    Nontaxable benefits
    $0
    Filer's total
    $169,562

  • Daniel Bernbach

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Steven Jt Washington

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Catherine Sourk

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Nicole Calix Coy

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brian Blakley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doris Guevera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrea Lombardo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ilya Rockwell

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 April 2025
IRS schema version
2023v6.0
Source object
202531079349300518

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