RACINE CHARTER ONE INC

EIN: 392012341 501(c)(3) Education

RACINE, WI

Total Revenue
$6,621,586
Total Expenses
$7,144,339
Total Assets
$6,522,482
Net Assets
$4,616,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
WI
Principal Officer
SHEBANIAH MUHAMMAD
Phone
2625980026
Tax Period
2022-07-01 to 2023-06-30

RACINE CHARTER ONE INC, founded in 2002, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2022.

Mission

RACINE CHARTER ONE, INC. IS A NON-PROFIT CHARTERED PUBLIC SCHOOL FOR INNER CITY CHILDREN IN THE CITY OF RACINE. THE MISSION IS 21ST CENTURY PREPARES DIVERSE CHILDREN FOR ACCESS TO FULL ARRAY OF LIFE CHOICES, INCLUDING COLLEGE AND CAREERS THAT DEVELOP THEIR LEADERSHIP COMPETENCY. WE TAKE INDIVIDUAL DIFFERENCES SERIOUSLY, AND CRAFT PRACTICES THAT SERVE EACH CHILD EQUALLY WELL. WE MOLD OUR FUTURE LEADERS THROUGH SELFLESS CARING FOR THEIR SUCCESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $38,749
Program Service Revenue $6,615,244
Investment Income $-32,472
Other Revenue $65
TOTAL REVENUE $6,621,586

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,317,890
Fundraising Expenses $0
Program Expenses $6,245,253
Other Expenses $2,826,449
TOTAL EXPENSES $7,144,339

Year-over-Year Comparison

2022 2021 Change
Revenue $6,621,586 $6,487,272 +0.0%
Expenses $7,144,339 $6,222,197 +0.1%
Net Income $-522,753 $265,075 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
99
Volunteers
9

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$134,675
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATIE GRAF BOARD MEMBER 2.00
Director
$0 $0 $0
HOPE OTTO BOARD MEMBER 2.00
Director
$0 $0 $0
LARISSA HIGH BOARD MEMBER 2.00
Director
$0 $0 $0
GEORGANN STINSON-DOCKERY BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT DUCOFFE BOARD MEMBER 2.00
Director
$0 $0 $0
EVERETT MCKINNEY BOARD MEMBER 2.00
Director
$0 $0 $0
W ANN KIRKWOOD BOARD MEMBER 2.00
Director
$0 $0 $0
JIM LADWIG PRESIDENT 2.00
Officer Director
$0 $0 $0
PETER OLESEN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
SHEBANIAH MUHAMMAD EXECUTIVE DIRECTOR 40.00
Officer
$123,392 $11,283 $134,675
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $6,621,586 $7,144,339 $6,522,482 $-522,753
2022 $6,487,272 $6,222,197 $5,378,275 $265,075
2021 $5,500,748 $5,535,884 $5,049,868 $-35,136
2020 $5,461,726 $5,349,019 $5,133,013 $112,707
2019 $5,659,312 $5,059,343 $5,031,919 $599,969
2018 $5,161,121 $5,267,246 $4,429,139 $-106,125
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