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Nonprofit · EIN 39-2012341

RACINE CHARTER ONE INC

Tax-exempt · RACINE, WI 53404

Financials

$6.6M$7.1M2022$7.7M$7.6M2023$6M$7.1M2024
Revenue Expenses · by fiscal year end
Financials of RACINE CHARTER ONE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$5,994,995$7,080,606-$1,085,611$4,742,897$1,101,116$3,641,781
June 30, 2024990$7,726,048$7,615,444$110,604$6,263,386$1,535,994$4,727,392
June 30, 2023990$6,621,586$7,144,339-$522,753$6,522,482$1,905,694$4,616,788
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$29,367
Program service revenue
$5,944,679
Investment income
-$38
Net gain from sales of assets
-$38
Other revenue
$20,987

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$140,381
Other salaries and wages
$3,428,291
Salaries, compensation and benefits (total)
$4,444,226
Professional fundraising fees
$0
Accounting fees
$128,525
Occupancy
$146,325
Travel
$5,441
Depreciation
$204,265
Program services (functional)
$5,941,135
Management and general (functional)
$1,139,471

Balance sheet and other

Total assets, start of year
$6,263,386
Total assets, end of year
$4,742,897
Total liabilities, end of year
$1,101,116
Net assets, end of year
$3,641,781
Land, buildings and equipment
$2,435,480
Net assets without donor restrictions
$3,519,339
Net assets with donor restrictions
$122,442
Gross receipts
$6,005,026
Employees
60
Volunteers
7
Year formed
2002
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ALYSON WEISEEXECUTIVE DIRECTOR
Officer
40$140,000$381
PETER OLESENPRESIDENT
Trustee or director, Officer
2$0$0
DAWN YORKBOARD MEMBER
Trustee or director
2$0$0
KRISTEN BEGLINGERBOARD MEMBER
Trustee or director
2$0$0
EVERETT MCKINNEYBOARD MEMBER
Trustee or director
2$0$0
LARISSA HIGHBOARD MEMBER
Trustee or director
2$0$0
SADE BOOKERBOARD MEMBER
Trustee or director
2$0$0
NICOLE MEIERBOARD MEMBER
Trustee or director
2$0$0
990 for the year ended June 30, 2024: 9 people
NameTitleHours / weekCompensationOther / benefits
SHEBANIAH MUHAMMADEXECUTIVE DIRECTOR
Officer
40$123,317$7,970
PETER OLESENPRESIDENT
Trustee or director, Officer
2$0$0
DAWN YORKBOARD MEMBER
Trustee or director
2$0$0
KRISTEN BEGLINGERBOARD MEMBER
Trustee or director
2$0$0
EVERETT MCKINNEYBOARD MEMBER
Trustee or director
2$0$0
LARISSA HIGHBOARD MEMBER
Trustee or director
2$0$0
SADE BOOKERBOARD MEMBER
Trustee or director
2$0$0
NICOLE MEIERBOARD MEMBER
Trustee or director
2$0$0
STACEY JAMESINTERIM EXECUTIVE DIRECTOR
Officer
40$0$0
990 for the year ended June 30, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
SHEBANIAH MUHAMMADEXECUTIVE DIRECTOR
Officer
40$123,392$11,283
KATIE GRAFBOARD MEMBER
Trustee or director
2$0$0
HOPE OTTOBOARD MEMBER
Trustee or director
2$0$0
LARISSA HIGHBOARD MEMBER
Trustee or director
2$0$0
GEORGANN STINSON-DOCKERYBOARD MEMBER
Trustee or director
2$0$0
ROBERT DUCOFFEBOARD MEMBER
Trustee or director
2$0$0
EVERETT MCKINNEYBOARD MEMBER
Trustee or director
2$0$0
W ANN KIRKWOODBOARD MEMBER
Trustee or director
2$0$0
JIM LADWIGPRESIDENT
Trustee or director, Officer
2$0$0
PETER OLESENVICE PRESIDENT
Trustee or director, Officer
2$0$0

Address and contacts

Address (IRS master file)
1220 MOUND AVENUE, RACINE, WI 53404-3350
In care of
% CAROLE M JOHNSON PHD
Principal officer (990 for 2024)
ALYSON WEISS, 1220 MOUND AVENUE, RACINE, WI 53404
Signed the 990
ALYSON WEISS, EXECUTIVE DIRECTOR
Phone
(262) 598-0026
Return prepared by
CLIFTONLARSONALLEN LLP

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.

990 for the year ended June 30, 2025

Program accomplishments

  • THE ORGANIZATION'S PROGRAM SERVICES ARE ACADEMICS, EXTRACURRICULAR ACTIVITIES, AND SCHOOL RELATED ACTIVITIES FOR STUDENTS. RACINE CHARTER ONE, INC. OPERATES A CHARTERED PUBLIC SCHOOL FOR INNER CITY CHILDREN IN THE CITY OF RACINE, WI. PROGRAM SERVICE REVENUES ARE OBTAINED FROM GOVERMENT GRANTS, E-RATE REIMBURSEMENTS, FOOD SERVICES AND BOOK FEES.
    Expenses $5,941,135 · revenue $5,944,679

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
39-2012341
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$4,742,897
Income (IRS master file)
$6,005,026

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$5,994,995$7,080,606$4,742,897IRS
990June 2024$7,726,048$7,615,444$6,263,386IRS
990June 2023$6,621,586$7,144,339$6,522,482XML
990June 2022$6,487,272$6,222,197$5,378,275IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-2012341).

Questions about RACINE CHARTER ONE INC

What is the EIN of RACINE CHARTER ONE INC?
The employer identification number (EIN) of RACINE CHARTER ONE INC is 39-2012341.
Is RACINE CHARTER ONE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to RACINE CHARTER ONE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RACINE CHARTER ONE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RACINE CHARTER ONE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RACINE CHARTER ONE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of RACINE CHARTER ONE INC?
The 990 for the year ended June 30, 2025 names ALYSON WEISS.
Who are the officers and directors of RACINE CHARTER ONE INC?
The 990 for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $140,000 (ALYSON WEISE, EXECUTIVE DIRECTOR).
How much revenue does RACINE CHARTER ONE INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $5,994,995, expenses of $7,080,606 and total assets of $4,742,897 at year end.

Other nonprofits in RACINE

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