2024-05-06T10:17:15-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 8215 GREENWAY BOULEVARD SUITE 600 MIDDLETON WI 53562 990 2022-07-01 392012341 RACINE CHARTER ONE INC RACI 2625980026 1220 MOUND AVENUE RACINE WI 53404 SHEBANIAH MUHAMMAD EXECUTIVE DIRECTOR 2625980026 2024-04-03 1 SHEBANIAH MUHAMMAD 999009999 0 KIMBERLY ANDERSON CPA P00188889 6086628600 2024-04-03 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z 21ST CENTURY PREPARATORY SCHOOL SHEBANIAH MUHAMMAD 1220 MOUND AVENUE RACINE WI 53404 6674078 0 X WWW.21STPREPSCHOOL.ORG X 2002 WI 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. 9 9 99 9 0 0 71062 38749 6415114 6615244 50 -32472 1046 65 6487272 6621586 0 0 0 0 3652032 4317890 0 0 0 2570165 2826449 6222197 7144339 265075 -522753 5378275 6522482 238734 1905694 5139541 4616788 X 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. 0 0 6245253 0 6615309 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. 6245253 1 0 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 14 0 1 99 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 X SHEBANIAH MUHAMMAD 2625980026 1220 MOUND AVE RACINE WI 53404 KATIE GRAF BOARD MEMBER 2.00 X 0 0 0 HOPE OTTO BOARD MEMBER 2.00 X 0 0 0 LARISSA HIGH BOARD MEMBER 2.00 X 0 0 0 GEORGANN STINSON-DOCKERY BOARD MEMBER 2.00 X 0 0 0 ROBERT DUCOFFE BOARD MEMBER 2.00 X 0 0 0 EVERETT MCKINNEY BOARD MEMBER 2.00 X 0 0 0 W ANN KIRKWOOD BOARD MEMBER 2.00 X 0 0 0 JIM LADWIG PRESIDENT 2.00 X X 0 0 0 PETER OLESEN VICE PRESIDENT 2.00 X X 0 0 0 SHEBANIAH MUHAMMAD EXECUTIVE DIRECTOR 40.00 X 123392 0 11283 123392 0 11283 1 0 0 0 0 38749 35149 38749 GOVERNMENT GRANT 611110 5921945 5921945 FOOD SERVICE SALES 611110 386126 386126 SPECIAL EDUCATION REVE 611110 279353 279353 E-RATE REIMBURSEMENT 611110 11880 11880 BOOK FEE 611110 7270 7270 8670 8670 6615244 915 915 33387 -33387 -33387 -33387 19105 19105 0 OTHER INCOME 900099 65 65 65 6621586 6615309 0 -32472 134675 127941 6734 3220871 3046385 174486 82476 78352 4124 684812 643287 41525 195056 185302 9754 7830 7830 61152 61152 299115 280755 18360 17315 15584 1731 19143 17229 1914 51802 46622 5180 134858 121373 13485 2067 1860 207 218407 196568 21839 54379 48941 5438 SUPPLIES AND EQUIPMENT 1154727 705870 448857 FOOD SERVICE 377619 343372 34247 OPERATING LEASE EXPENSE 363832 327449 36383 REPAIRS AND MAINTENANCE 28218 25396 2822 35985 32967 3018 7144339 6245253 899086 0 1686426 1386246 107850 108765 348534 563971 11533 5434 14862 15744 153417 5862 7263987 4447255 3055653 2816732 0 1619728 5378275 6522482 234913 229330 3821 4848 0 1671516 238734 1905694 X 4868222 4312148 271319 304640 5139541 4616788 5378275 6522482 -522753 0 X 0 1 X 1 1 1 X 5419016 2780052 2638964 1844971 1667203 177768 2816732 OPERATING LEASE- RIGHT-OF-USE ASSET 1558870 FINANCE LEASE- RIGHT-OF-USE- ASSET 60858 1619728 OPERATING LEASE LIABILITY 1609757 FINANCE LEASE LIABILITY 61759 1671516 X 6621586 0 6621586 0 6621586 7144339 0 7144339 0 7144339 PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED EXEMPT FUNCTION INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE SCHOOL DOES NOT CONSIDER ANY OF ITS SUPPORT AND REVENUES TO BE UNRELATED BUSINESS INCOME AND, ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL HAS IMPLEMENTED ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH U.S. GAAP. THIS STANDARD DESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND ALSO PROVIDES GUIDANCE ON VARIOUS RELATED MATTERS SUCH AS DERECOGNIZING, INTEREST, PENALTIES AND DISCLOSURES REQUIRED. MANAGEMENT OF THE SCHOOL EVALUATES THE UNCERTAIN TAX POSITIONS TAKEN, IF ANY, AND CONSULTS WITH OUTSIDE COUNSEL AS DEEMED NECESSARY. THE SCHOOL RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX LIABILITIES IN INCOME TAX EXPENSE. IN MANAGEMENT'S OPINION, THE SCHOOL HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT REPORTED A CORRESPONDING LIABILITY IN THE SCHOOL'S FINANCIAL STATEMENTS. 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THIS INFORMATION IS CONTAINED ON ENROLLMENT FORMS AND BROCHURES. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION DOES NOT ISSUE SCHOLARSHIPS OR OTHER FINANCIAL ASSISTANCE AND DOES NOT SOLICIT CONTRIBUTIONS. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION RECEIVES FINANCIAL ASSISTANCE FROM WISCONSIN. X 1 35149 FMV 0 0 0 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B IS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS PERIODICALLY DISCUSSED AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS UNDER THE RECOMMENDATION OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.