Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $115K paid to officers and key staff.
Elizabeth Colvin’s $145K as Executive Director is at the 97th percentile of top reported officer pay among 2167 $100K–1M human services 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Elizabeth Colvin | $145,000 | $152,500 | $115,000 | $100,000 | — |
| Elizabeth Colvin Executive Dir | — | $152,500 | — | — | — |
| Robert Widrow | — | — | — | — | $78,016 |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Advocates for fair policies and programs to boost financial security and economic opportunity for Texans.
Questions for Raise Texas
Your first name shows with your question. Raise Texas answers here, for everyone.
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RAISE Texas equips nonprofits and community leaders with innovative pilot programs, training, convenings, and resources to improve financial health across Texas. In 2022, we worked with Children's Savings Account programs and Volunteer Income Tax Assistance (VITA) programs across the state to streamline operations, expand services, and…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $533K | $624K |
| Land, buildings, equipmentLn 10c | $770 | $770 |
| Total assetsLn 16 | $547K | $636K |
| LiabilitiesLn 26 | $983 | $252 |
| Net assetsLn 32 | $546K | $636K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $5K | $5K | ||
| Pay of current officers, directors and key staffLn 5 | $136K | $117K | $14K | $4K |
| Other salaries and wagesLn 7 | $77K | $67K | $8K | $3K |
| Pension plan contributionsLn 8 | $3K | $3K | $322 | $103 |
| Other employee benefitsLn 9 | $946 | $817 | $98 | $31 |
| Payroll taxesLn 10 | $15K | $13K | $2K | $481 |
| Accounting feesLn 11c | $12K | $0 | $12K | $0 |
| Other fees for servicesLn 11g | $11K | $8K | $4K | $0 |
| Advertising and promotionLn 12 | $7K | $6K | $238 | $180 |
| Office expensesLn 13 | $11K | $10K | $791 | $242 |
| Information technologyLn 14 | $3K | $2K | $841 | $198 |
| TravelLn 17 | $674 | $674 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $3K | $3K | $432 | $0 |
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $815 | $0 | $815 | $0 |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $286K | $235K | $43K | $8K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $919K | $422K | $497K | $1.2M | 990 PDF |
| FY2023 | $434K | $415K | $19K | $655K | 990 PDF |
| FY2022 Viewing | $375K | $286K | $90K | $636K | 990 PDF |
| FY2021 | $312K | $274K | $38K | $546K | 990 PDF |
| FY2020 | $201K | $200K | $2K | $508K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $375,441 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, no flags
Part VIII · Statement of revenue $375,441 across 10 lines filed
Part IX · Statement of functional expenses $285,798 across 16 lines filed
Part X · Balance sheet $635,798 assets, 12 lines filed
Part XI · Reconciliation of net assets $635,546 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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