Nonprofit · EIN 47-2487094
RISE PREP MAYORAL ACADEMY
Tax-exempt · WOONSOCKET, RI 02895
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $11,691,488 | $10,862,352 | $829,136 | $16,774,101 | $8,900,168 | $7,873,933 |
| June 30, 2024 | 990 | $11,157,549 | $8,586,255 | $2,571,294 | $16,393,109 | $9,348,312 | $7,044,797 |
| June 30, 2023 | 990 | $6,922,181 | $6,793,646 | $128,535 | $14,432,427 | $9,958,924 | $4,473,503 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,174,266
- of which government grants
- $922,388
- Program service revenue
- $9,935,191
- Investment income
- $5,243
- Other revenue
- $576,788
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $502,400
- Other salaries and wages
- $5,259,331
- Salaries, compensation and benefits (total)
- $7,223,856
- Professional fundraising fees
- $0
- Accounting fees
- $219,291
- Occupancy
- $764,067
- Travel
- $2,493
- Depreciation
- $416,295
- Program services (functional)
- $7,284,645
- Management and general (functional)
- $3,577,707
Balance sheet and other
- Total assets, start of year
- $16,393,109
- Total assets, end of year
- $16,774,101
- Total liabilities, end of year
- $8,900,168
- Net assets, end of year
- $7,873,933
- Land, buildings and equipment
- $14,436,659
- Net assets without donor restrictions
- $7,873,933
- Gross receipts
- $11,691,488
- Employees
- 130
- Volunteers
- 10
- Year formed
- 2014
- State of legal domicile
- RI
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSALIND DACRUZ | EXECUTIVE DIRECTOR Officer | 60 | $186,000 |
| COLLEEN CARMELA COLARUSSO | SUPERINTENDENT Officer | 40 | $162,900 |
| KAT WALLER | CHIEF FINANCIAL OFFICER Officer | 50 | $153,500 |
| STEPHEN IZZI | DIRECTOR Trustee or director | 2 | $0 |
| RAYMOND LEVEILLE | TREASURER Trustee or director, Officer | 2 | $0 |
| CHRIS BEAUCHAMP | BOARD CHAIR/PRESIDENT Trustee or director, Officer | 2 | $0 |
| PAULETTE D HAMILTON | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| THOMAS CALOURO | DIRECTOR Trustee or director | 2 | $0 |
| GEORGETA GASSEY | DIRECTOR Trustee or director | 2 | $0 |
| CAROLYN DIAS | DIRECTOR Trustee or director | 2 | $0 |
| JOHN O'ROURKE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSALIND DACRUZ | SUPERINTENDENT Officer | 60 | $165,000 |
| KAT WALLER | CHIEF FINANCIAL OFFICER Officer | 50 | $140,900 |
| KAYLA VANNIER | PRINCIPAL Officer | 40 | $90,158 |
| JOYCE CONTI | DIRECTOR Trustee or director | 2 | $0 |
| RAYMOND LEVEILLE | TREASURER Trustee or director, Officer | 2 | $0 |
| CHRIS BEAUCHAMP | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| PAULETTE D HAMILTON | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| THOMAS CALOURO | DIRECTOR Trustee or director | 2 | $0 |
| GEORGETA GASSEY | DIRECTOR Trustee or director | 2 | $0 |
| CAROLYN DIAS | DIRECTOR Trustee or director | 2 | $0 |
| JOHN O'ROURKE | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSALIND DACRUZ | SUPERINTENDENT Officer | 60 | $143,850 | $26,609 |
| KAYLA VANNIER | PRINCIPAL Officer | 40 | $104,846 | $32,231 |
| KAT WALLER | CHIEF FINANCIAL OFFICER Officer | 50 | $120,950 | $12,063 |
| LISA A BALDELLI-HUNT | BOARD CHAIR/PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| JOYCE CONTI | DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| RAYMOND LEVEILLE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS BEAUCHAMP | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PAULETTE D HAMILTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS CALOURO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| GEORGETA GASSEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CAROLYN DIAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN O'ROURKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 30 CUMBERLAND ST, WOONSOCKET, RI 02895-3302
- In care of
- % RHODE ISLAND MAYORAL ACADEMIES
- Principal officer (990 for 2024)
- ROSALIND DACRUZ, 30 CUMBERLAND ST, WOONSOCKET, RI 02895
- Signed the 990
- KAT WALLER, CHIEF FINANCIAL OFFICER
- Phone
- (401) 765-5127
- Website
- www.riseprepri.org
- Return prepared by
- PPA LLP
Mission
THROUGH A STRUCTURED LEARNING ENVIRONMENT, RIGOROUS COLLEGE- PREPARATORY CURRICULUM, AND CHARTER EDUCATION, RISE PREP MAYORAL ACADEMY EDUCATED K-8 GRADE SCHOLARS FOR SUCCESS IN COLLEGE AND A LIFE OF COMMUNITY ENGAGEMENT.
Program accomplishments
- RISE PREP IS A TUITION-FREE, PUBLIC MAYORAL ACADEMY, OPEN TO STUDENTS IN WOONSOCKET, NORTH SMITHFIELD, AND BURRILLVILLE. RISE PREP OPENED IN AUGUST 2015 WITH 48 KINDERGARTEN STUDENTS, AND WILL GROW ONE GRADE EACH YEAR UNTIL REACHING A FULL K-12 SCHOOL MODEL.Expenses $7,284,645 · grants $1,174,266 · revenue $9,935,191
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2487094
- 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
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $16,774,101
- Income (IRS master file)
- $11,691,488
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $11,691,488 | $10,862,352 | $16,774,101 | IRS |
| 990 | June 2024 | $11,157,549 | $8,586,255 | $16,393,109 | IRS |
| 990 | June 2023 | $6,922,181 | $6,793,646 | $14,432,427 | XML |
| 990 | June 2022 | $6,023,422 | $5,644,904 | $9,963,714 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 47-2487094).
Questions about RISE PREP MAYORAL ACADEMY
- What is the EIN of RISE PREP MAYORAL ACADEMY?
- The employer identification number (EIN) of RISE PREP MAYORAL ACADEMY is 47-2487094.
- Is RISE PREP MAYORAL ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to RISE PREP MAYORAL ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RISE PREP MAYORAL ACADEMY 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 RISE PREP MAYORAL ACADEMY 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 RISE PREP MAYORAL ACADEMY 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 RISE PREP MAYORAL ACADEMY?
- The 990 for the year ended June 30, 2025 names ROSALIND DACRUZ.
- Who are the officers and directors of RISE PREP MAYORAL ACADEMY?
- The 990 for the year ended June 30, 2025 lists 11 people; 3 received compensation from the organization, the highest $186,000 (ROSALIND DACRUZ, EXECUTIVE DIRECTOR).
- How much revenue does RISE PREP MAYORAL ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $11,691,488, expenses of $10,862,352 and total assets of $16,774,101 at year end.
Other nonprofits in WOONSOCKET
- BEACON CHARTER SCHOOL CORP EIN 58-2672578 · last filed 990 for 2025
- ACTION BASED ENTERPRISES INC EIN 80-0007358 · last filed 990 for 2025
- MENTOR INC EIN 05-0384079 · last filed 990 for 2025
- THE IMPOWERMENT GROUP EIN 42-1567944 · last filed 990-N for 2025
- TRANSENEGAL INC EIN 06-1657395 · last filed 990-N for 2023
- AIDEN T CASEY MEMORIAL FUND EIN 39-2175329 · last filed 990-N for 2025
- RISE PREP MAYORAL ACADEMY FAMILY LEADERSHIP COMMITTEE EIN 88-3207223 · last filed 990-N for 2024
- COMMUNITY CARE ALLIANCE EIN 05-0312278 · last filed 990 for 2025