Raise Texas EIN 26-2087882 Form 990 (PDF) Claim this org

Raise Texas FY2023 filing

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Advocates for fair policies and programs to boost financial security and economic opportunity for Texans. For fiscal year 2023 it reported $434K in revenue, $415K in expenses, and $655K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Austin, TX
Website
www.raisetexas.org
Filings
5 on file (2020–2023)
Revenue
$434KFY2023
Expenses
$415K
Net assets
$655K
People
13
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-2087882 Public charity (501(c)(3)) Austin, TX
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Advocates for fair policies and programs to boost financial security and economic opportunity for Texans.
Leadership
Elizabeth Colvin · Executive Director · $152K
Money in and out
$434K revenue, $415K expenses
Bottom line
85% program efficiency
Where the money goes · FY2023
Total revenue
$434K
Pt VIII · Ln 12
Total expenses
$415K
Pt IX · Ln 25
Net assets
$655K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $19K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.09 Fundraising $0.06
Program efficiency
85%
of spending reaches programs
Operating runway
18.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$434K
FY2023▲ +16%
Expenses
$415K
FY2023▲ +45%
Total assets
$655K
FY2023▲ +3%
Total liabilities
$0
FY2023▼ -100%
Total revenue
$434K
Pt VIII · Ln 12
Total expenses
$415K
Pt IX · Ln 25
Net assets
$655K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$19K
Total assetsPt X · Ln 16$655K
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $351K of program spending, described in the organization's own filed words · FY2023.
01

RAISE Texas strengthens the capacity of nonprofits, promotes access to safe financial services, and supports communities across the state by offering resources, professional development, training, and convenings to advance financial security and economic mobility.

$351Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRaise Texas
EINHdr · item D26-2087882
Principal addressHdr · item CAustin, TX
WebsiteHdr · item Jwww.raisetexas.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$152,500Pt VII · Sec A
$152,500Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Colvin’s $145K as Executive Director is at the 97th percentile of top reported officer pay among 2164 $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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Colvin$145,000$152,500$115,000
Elizabeth Colvin Executive Dir$152,500
Elizabeth Colvin$100,000
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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Statement of Revenue

Part VIII
Contributions & grants$283K · 65%
Program service revenue$130K · 30%
Investment income$22K · 5%
Contributions & grants65%$283K
Program service revenue30%$130K
Investment income5%$22K
Total revenueLn 12$434K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.09 Fundraising $0.06
Program services85%$351K
Management & general9%$38K
Fundraising6%$26K
Total functional expensesLn 25$415K

Balance Sheet

Part X · end of year
CashLn 1$627K
Total assetsLn 16$655K
Total liabilitiesLn 26$0
Total net assetsLn 32$655K
Months of cash on handcomputed18.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $627K · Operating expenses/yr $415K
18.1 months
Where the money goes
Program services
Program services $351K · Total expenses $415K
85%
Management & General
Management & general $38K · Total expenses $415K
9%
Fundraising
Fundraising $26K · Total expenses $415K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $252K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $283K · Total revenue $434K
65%
Government reliance
Government grants — · Total revenue $434K
Earned-income share
Program service revenue $130K · Total revenue $434K
30%
Investment reliance
Investment income $22K · Total revenue $434K
+5%
Program self-sufficiency
Program service revenue $130K · Total expenses $415K
31%
Growth & trend
Revenue growth (YoY)
This year $434K · Prior year $375K
+16%
Net-asset trend (YoY)
End of year $655K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $434K · Expenses $415K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $655K
Net-asset ratio
Net assets $655K · Total assets $655K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $655K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Colvin · Reported title Executive Director · Highest reported compensation $152K · Total expenses $415K
37%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $335K · Total expenses $415K
81%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 9%
Fundraising cost ratio 9%
Revenue growth 16%
Accounting fee ratio 3%

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$25K
Grants paid · 6 grants · $42K · 2021–2024
Unitemized GrantFY2024$5,871
Unitemized GrantFY2023$11,025
Unitemized GrantFY2023$7,600
Unitemized GrantFY2021$7,060

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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
FY2024 (Latest)$919K revenue · ⤓ 990 PDF
FY2023$434K revenue · viewing · ⤓ 990 PDF
FY2022$375K revenue · ⤓ 990 PDF
FY2021$312K revenue · ⤓ 990 PDF
FY2020$201K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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