Rip City Incorporated EIN 20-0133088

Rip City Incorporated

EIN  20-0133088 Public charity (501(c)(3)) Troy, MI Founded 2003
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a youth development nonprofit
Leadership
Christena Hobbs-Hamilton · Secy Treas. · $18K
Money in and out
$148K revenue, $199K expenses
Bottom line
96% program efficiency

Rip City Incorporated is a youth development nonprofit based in Troy, MI, formed in 2003. For fiscal year 2025 it reported $148K in revenue, $199K in expenses, and $495K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$148K
Pt VIII · Ln 12
Total expenses
$199K
Pt IX · Ln 25
Net assets
$495K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$51K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs0% vs prior filing year
Operating runway
30.1mo
months of highly liquid reserves at operating expense rate▼ -20% vs prior filing year
Surplus margin
-34%
revenue over expenses, this year▲ +33% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$148K
FY2025▲ +14%
Expenses
$199K
FY2025▲ +1%
Total assets
$499K
FY2025▼ -19%
Total liabilities
$4K
FY2025▼ -33%
Total revenue
$148K
Pt VIII · Ln 12
Total expenses
$199K
Pt IX · Ln 25
Net assets
$495K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$51K
Total assetsPt X · Ln 16$499K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $192K of program spending, described in the organization's own filed words · FY2025.
01

Provided events in the community to promote health and education.

$192Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRip City Incorporated
EINHdr · item D20-0133088
Principal addressHdr · item CTroy, MI
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2003
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFDec 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$17,600Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Christena Hobbs-Hamilton’s $18K as Secy Treas. is at the 13th percentile of top reported officer pay among 1984 $100K–1M youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Christena Hobbs-Hamilton$17,600$20,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Investment income100%$148K
Total revenueLn 12$148K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$192K
Management & general4%$7K
Total functional expensesLn 25$199K

Balance Sheet

Part X · end of year
CashLn 1$44K
Total assetsLn 16$499K
Total liabilitiesLn 26$4K
Total net assetsLn 32$495K
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $499K · Operating expenses/yr $199K
30.1 months
Where the money goes
Program services
Program services $192K · Total expenses $199K
96%
Management & General
Management & general $7K · Total expenses $199K
4%
Fundraising
Fundraising $0 · Total expenses $199K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $50
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $148K
0%
Government reliance
Government grants — · Total revenue $148K
Earned-income share
Program service revenue $0 · Total revenue $148K
0%
Investment reliance
Investment income $148K · Total revenue $148K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $199K
0%
Growth & trend
Revenue growth (YoY)
This year $148K · Prior year $130K
+14%
Net-asset trend (YoY)
End of year $495K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $148K · Expenses $199K
-34%
Liabilities-to-Assets
Total liabilities — · Total assets $499K
Net-asset ratio
Net assets $495K · Total assets $499K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $455K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $499K
91%
People & payroll
Highest Reported Total Compensation
Individual Christena Hobbs-Hamilton · Reported title SECY TREAS. · Highest reported compensation $18K · Total expenses $199K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $199K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth 14%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $105K · 2023–2025
1up Sports FoundationFY2024$5,000
Campbell Hall -Episcopal-CA · FY2023$50,000
Dstrkt FoundationFY2023$10,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$148K revenue · viewing · ⤓ 990 PDF
FY2024$130K revenue · ⤓ 990 PDF
FY2023$117K revenue · ⤓ 990 PDF
FY2022$555K revenue · ⤓ 990 PDF
FY2021$43K revenue · ⤓ 990 PDF
FY2020$11K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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