2026-04-22T14:13:42-05:00 2025-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2024-07-01 874129135 EXCEL ACADEMY RHODE ISLAND EXCE 4016806086 622 WOONASQUATUCKET AVE NORTH PROVIDENCE RI 02911 CHANNAVY CHHAY VICE CHAIR 4016806086 2026-04-21 1 0 CAITLIN LIMOGES CPA P01633588 5083669100 2026-04-21 2024 2025-03-06 01:10:19Z X CHANNAVY CHHAY 622 WOONASQUATUCKET AVE NORTH PROVIDENCE RI 02911 7563003 0 X HTTPS://WWW.EXCELACADEMY.ORG X 2021 RI THE MISSION OF EXCEL ACADEMY RHODE ISLAND IS TO PREPARE STUDENTS TO SUCCEED IN HIGH SCHOOL AND COLLEGE, TO APPLY THEIR LEARNING IN SOLVING RELEVANT PROBLEMS, AND TO ENGAGE PRODUCTIVELY IN THEIR COMMUNITY. 9 9 42 141 0 0 4914059 7524984 0 0 14091 30502 669 6 4928819 7555492 0 0 0 0 2580147 3358064 0 0 0 2335284 3618318 4915431 6976382 13388 579110 2337417 3480873 2316120 2623727 21297 857146 THE MISSION OF EXCEL ACADEMY RHODE ISLAND IS TO PREPARE STUDENTS TO SUCCEED IN HIGH SCHOOL AND COLLEGE, TO APPLY THEIR LEARNING IN SOLVING RELEVANT PROBLEMS, AND TO ENGAGE PRODUCTIVELY IN THEIR COMMUNITY. 0 0 6145571 TO PROVIDE EDUCATION TO K-12 STUDENTS. 6145571 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 16 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 RI X AARON STELSON 6176340472 622 WOONASQUATUCKET AVE NORTH PROVIDENCE RI 02911 MAYOR BRETT SMILEY CHAIR 0.80 X X 0 0 0 CHANNAVY CHHAY VICE CHAIR 0.80 X X 0 0 0 CHIV HENG TREASURER 0.80 X X 0 0 0 MAYOR MARIA RIVERA CLERK 0.80 X X 0 0 0 MAYOR CHARLES LOMBARDI BOARD MEMBER 0.80 X 0 0 0 LIZ GIORDANO BOARD MEMBER 0.80 X 0 0 0 GARY GOLDBERG BOARD MEMBER (UNTIL 11/24) 0.80 X 0 0 0 IMANI BLAKE BOARD MEMBER 0.80 X 0 0 0 LIZA CARIAGA-LO BOARD MEMBER (UNTIL 11/24) 0.80 X 0 0 0 FRANGELY ROJAS BOARD MEMBER 0.80 X 0 0 0 JAIME GREENTHAL BOARD MEMBER 0.80 X 0 0 0 KATE RING HEAD OF SCHOOL 40.00 X 129140 0 18092 OWEN STEARNS CEO 40.00 X 0 0 0 ANDREW SOLOMON CFO 40.00 X 0 0 0 NINA KEOUGH CHIEF SCHOOL OFFICER 40.00 X 0 0 0 MEGAN PERRY HEAD OF SCHOOL FELLOW 40.00 X 114418 0 8334 PRISCILLA SANTIAGO MLL SPECIALIST 40.00 X 100161 0 7820 343719 0 34246 3 0 0 0 FRIENDS OF EXCEL ACADEMY CHARTER SCHOOL 58 MOORE STREET EAST BOSTON MA 02128 MANAGEMENT FEE AND RENT 1051476 DURHAM SCHOOL SERVICES LP 2601 NAVISTAR DRIVE LISLE NJ 60532 BUS TRANSPORTATION SERVICES 417209 NORTH PROVIDENCE SCHOOL LUNCH PROGRAM 1828 MINERAL SPRING AVENUE NORTH PROVIDENCE RI 02904 FOOD PROVIDER FOR STUDENT MEALS 181164 3 6568723 956261 18856 7524984 38013 38013 7511 -7511 -7511 -7511 MISCELLANEOUS REVENUE 900099 6 6 6 7555492 0 0 30508 166622 166622 2678193 2678193 72927 72927 205899 205899 234423 234423 822270 822270 96341 88341 8000 241522 240981 541 879106 879106 1329 1329 16690 16690 DIRECT STUDENT COSTS 1221822 1221822 SITE SEARCH COSTS 245422 245422 STAFF DEVELOPMENT 65632 65632 LICENSES AND SUBSCRIPTI 28184 28184 6976382 6145571 830811 0 6660 1 877342 1615955 154435 112894 62845 43983 278289 18937 38804 259352 1197331 1448688 2337417 3480873 365051 571604 1951069 2052123 2316120 2623727 X 21297 857146 21297 857146 2337417 3480873 X 579110 256739 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25000 625 24375 88389 18312 70077 164900 164900 259352 RIGHT-OF-USE LEASE ASSET - OPERATING 1204588 DUE FROM RELATED PARTY 244100 1448688 NOTE PAYABLE - RELATED PARTY 843260 OPERATING LEASE LIABILITY 1208863 2052123 X 7812231 256739 256739 7555492 0 7555492 6730960 -245422 -245422 6976382 0 6976382 PART X, LINE 2: THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS AT JUNE 30, 2025. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: IMPUTED INTEREST ON NOTE PAYABLE - RELATED PARTY 256,739. PART XII, LINE 2D - OTHER ADJUSTMENTS: SITE SEARCH COSTS -245,422. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ORGANIZATION'S WEBSITE SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVES AID FROM THE STATE OF RI, PER PUPIL TUITION FROM LOCAL SCHOOL DISTRICTS, AND GRANTS THROUGH THE RHODE ISLAND DEPARTMENT OF EDUCATION X FURNITURE 1344 18856 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 EXCEL ACADEMY RHODE ISLAND (THE SCHOOL) ENTERED INTO A MASTER SERVICE AGREEMENT WITH FRIENDS OF EXCEL ACADEMY CHARTER SCHOOL, INC. (FRIENDS). UNDER THE AGREEMENT, FRIENDS IS AUTHORIZED TO PROVIDE THE SCHOOL WITH ACADEMIC, FINANCIAL, TECHNOLOGICAL, CURRICULUM, AND OPERATIONAL SUPPORT. OWEN STEARNS, CEO, ANDREW SOLOMON, CFO, AND NINA KEOUGH, CHIEF SCHOOL OFFICER, ARE EMPLOYEES OF FRIENDS AND OFFICERS OF THE SCHOOL. IN FISCAL YEAR 2025, OWEN STEARNS RECEIVED $49,691, ANDREW SOLOMON RECIEVED $68,924, AND NINA KEOUGH RECEIVED $28,518 OF REPORTABLE COMPENSATION FROM FRIENDS FOR SERVICES PROVIDED TO THE SCHOOL. THE SCHOOL PAID $822,270 OF MANAGEMENT FEES IN FISCAL YEAR 2025. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY ADMIN PERSONNEL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL MEETING MEMBERS REAFFIRMED CONFLICT OF INTEREST POLICY AND DISCUSS WHETHER VIOLATIONS HAVE TAKEN PLACE. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: IMPUTED INTEREST ON NOTE PAYABLE - RELATED PARTY 256,739. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS OVERSIGHT OF THE AUDIT PROCESS. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.