RAISE ACADEMY

EIN: 872648892 501(c)(3) Religion

VIRGINIA BEACH, VA

Total Revenue
$1,593,526
Total Expenses
$1,465,897
Total Assets
$133,339
Net Assets
$127,629
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
VA
Principal Officer
ADAM WOODS
Phone
7574864227
Tax Period
2021-09-01 to 2022-08-31

RAISE ACADEMY, founded in 2021, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2021. Expenses of $1.5M left a modest 8% surplus.

Mission

RAISE CHRISTIAN ACADEMY IS A SCHOOL ESTABLISHED TO DEVELOP CHILDREN TO THRIVE IN ACADEMICS, IMAGINATION & CREATIVITY.

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Trantor Score

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $283,610
Program Service Revenue $1,309,916
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,593,526

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,003,600
Fundraising Expenses $0
Program Expenses $1,318,809
Other Expenses $462,297
TOTAL EXPENSES $1,465,897

Year-over-Year Comparison

2021 2020 Change
Revenue $1,593,526 N/A N/A
Expenses $1,465,897 N/A N/A
Net Income $127,629 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
42
Volunteers
N/A

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
0
$0
Total Directors
5
$118,603
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON O'NEAL PRESIDENT 1.00
Director
$0 $0 $70,142
AMANDA CREWS DIRECTOR 39.00
Director
$36,923 $0 $36,923
ADAM WOODS TREASURER 39.00
Director
$11,538 $0 $11,538
MARC THORTON TRUSTEE 1.00
Director
$0 $0 $0
FRANK VANELLA SECRETARY 1.00
Director
$0 $0 $0
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
2022 $1,593,526 $1,465,897 $133,339 $127,629
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