Overview
What is Rise Prep Mayoral Academy?
Rise Prep Mayoral Academy is a tuition-free, public school located in Woonsocket, Rhode Island, serving students from neighboring North Smithfield and Burrville as well. Established in 2015 with an initial enrollment of 48 kindergarten students, Rise Prep has grown annually, aiming to eventually become a full K-8 school. The academy's mission is to provide a high-quality education, following a structured learning environment, rigorous college-preparatory curriculum, and the principles of charter education. By doing so, Rise Prep aims to prepare its K-8 students for success in higher education and active community engagement. With a workforce of 62 dedicated individuals, Rise Prep Mayoral Academy strives to make a positive impact on its students' lives.
Official website here: www.riseprepri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Rise Prep Mayoral Academy has received a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and financial practices. The organization scored 82% overall, with the rating derived entirely from its Accountability & Finance score, reflecting its commitment to transparency and ethical management.
Strengths of Rise Prep include a fully independent board, which scored 100% in that category, demonstrating a strong governance structure. Additionally, the organization exhibits effective financial oversight through an audit and oversight committee and has no reported material diversion of assets, which enhances its credibility. The high program expense ratio of 74.86% suggests that a significant portion of its expenses is directed toward its programs, further underscoring its mission-driven focus.
However, the organization does have a liability to assets ratio of 69.00%, which may warrant attention as it indicates a relatively high level of liabilities compared to its assets. While the organization demonstrates strong practices in many areas, potential donors and stakeholders may want to keep this aspect in mind when evaluating its financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Rise Prep Mayoral Academy legitimate?
Rise Prep Mayoral Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rise Prep Mayoral Academy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $286,003
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,902,599
For more financial information, click here
Official website here: www.riseprepri.org
What is the mission statement of Rise Prep Mayoral Academy?
Rise Prep Mayoral Academy's mission is centered around providing a quality education to students from K-8 grades. Through a structured learning environment, rigorous college-preparatory curriculum, and the framework of a charter school, the academy aims to prepare its scholars for success in higher education and a life of community engagement. Rise Prep operates as a tuition-free public mayoral academy, welcoming students from Woonsocket, North Smithfield, and Burrville. Initially opening with 48 kindergarten students in 2015, the academy gradually expands one grade level each year, working towards a full K-8 school model.
Official website here: www.riseprepri.org
Who is the CEO of Rise Prep Mayoral Academy?
Rosalind Dacruz is the Superintendent of Rise Prep Mayoral Academy.
Official website here: www.riseprepri.org
What is the revenue of Rise Prep Mayoral Academy?
Rise Prep Mayoral Academy's revenue in 2022 was $6,023,422.
Official website here: www.riseprepri.org
Who are the executives of Rise Prep Mayoral Academy and what are their salaries?
The average compensation at Rise Prep Mayoral Academy during 2022 was $51,429. There are 62 employees and 10 volunteers at Rise Prep Mayoral Academy.
Here are 10 key members and their salaries:
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- Compensation: $130,494
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- Other: $13,214
- Compensation: $102,106
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- Other: $5,906
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Official website here: www.riseprepri.org
Where can I find the form 990 for Rise Prep Mayoral Academy?
Rise Prep Mayoral Academy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riseprepri.org
Learn more at the official website: www.riseprepri.org
Mission Statement of Rise Prep Mayoral Academy
Rise Prep Mayoral Academy is committed to providing a high-quality educational environment for students in the K-8 grade range. As a charter public school, it strives to prepare its scholars for success in higher education and a life filled with community engagement. The academy achieves this goal through a structured learning environment, a rigorous college-preparatory curriculum, and the principles of charter education. By implementing these strategies, Rise Prep Mayoral Academy aims to empower its students to thrive academically and contribute positively to their communities. The academy opened its doors in August 2015 with 48 kindergarten students, and it plans to expand one grade level each year, ultimately reaching a full K-8 school model.
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Impact
July, 2024
Rise Prep Mayoral Academy's impact can be seen in the educational opportunities it provides to students in Woonsocket, North Smithfield, and Burriville, Rhode Island. By offering a structured learning environment, rigorous college-preparatory curriculum, and a charter education model, Rise Prep is equipping K-8 grade scholars for success in college and a life of community engagement. The academy's focus on academic excellence and community involvement is shaping the future leaders of tomorrow and making a positive difference in the lives of its students and the communities it serves.
This information is meant to be a general summary of Rise Prep Mayoral Academy. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $716
- Program Service Revenue: $6,008,057
- Gross Receipts: $6,023,422
Assets and Liabilities:
- Total Assets: $9,963,714
- Total Liabilities: $5,618,746
- Net Assets: $4,344,968
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STATE CHARTER SCHOOL AID
Revenue
$3,641,901
MUNICIPAL AID
Revenue
$1,609,797
FEDERAL FINANCIAL ASSITANCE
Revenue
$750,865
STATE HOUSING AID
STATE FINANCIAL ASSISTANCE
Revenue
$5,494
Organization Details
Founding Year
2014
Phone
(401) 765-5127Principal Officer
Rosalind Dacruz
Main Address
30 CUMBERLAND STREET, WOONSOCKET, RI, 02895
Website
www.riseprepri.orgNTEE Category
Code: B29 - Education
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