Rising Phoenix EIN 41-1855407

Rising Phoenix

EIN  41-1855407 Public charity (501(c)(3)) Wadena, MN
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Rising Phoenix claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Teaches skills to people with mental and physical disabilities.
Leadership
Angela Klimek · Executive Director · $66K
Money in and out
$780K revenue, $623K expenses
Bottom line
77% program efficiency

Teaches skills to people with mental and physical disabilities. For fiscal year 2024 it reported $780K in revenue, $623K in expenses, and $589K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$780K
Pt VIII · Ln 12
Total expenses
$623K
Pt IX · Ln 25
Net assets
$589K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $157K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.22 Fundraising $0.02
Program efficiency
77%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
9.4mo
months of highly liquid reserves at operating expense rate▲ +147% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▲ +187% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$780K
FY2024▲ +10%
Expenses
$623K
FY2024▼ -5%
Total assets
$631K
FY2024▲ +39%
Total liabilities
$42K
FY2024▲ +7%
Total revenue
$780K
Pt VIII · Ln 12
Total expenses
$623K
Pt IX · Ln 25
Net assets
$589K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$157K
Total assetsPt X · Ln 16$631K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $479K of program spending, described in the organization's own filed words · FY2024.
01

Provide rehabilitation and extended employment program services to individuals to enhance employability.

$479Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRising Phoenix
EINHdr · item D41-1855407
Principal addressHdr · item CWadena, MN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P80)
Ruling yearIRS BMFMar 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
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
$66,122Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Angela Klimek’s $66K as Executive Director is at the 57th percentile of top reported officer pay among 2165 $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.

See Rising Phoenix executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$516K · 66%
Contributions & grants$260K · 33%
Investment income$4K · 1%
Program service revenue66%$516K
Contributions & grants33%$260K
Investment income1%$4K
— government grantsLn 1e$75K
Total revenueLn 12$780K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.22 Fundraising $0.02
Program services77%$479K
Management & general22%$134K
Fundraising2%$10K
Total functional expensesLn 25$623K

Balance Sheet

Part X · end of year
CashLn 1$343K
Total assetsLn 16$631K
Total liabilitiesLn 26$42K
Total net assetsLn 32$589K
Months of cash on handcomputed6.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $343K · Operating expenses (Pt IX) $623K · Less non-cash grants $185K · Cash operating expenses/yr $438K
9.4 months
Where the money goes
Program services
Program services $479K · Total expenses $623K
77%
Management & General
Management & general $134K · Total expenses $623K
22%
Fundraising
Fundraising $10K · Total expenses $623K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $10K · Solicited contributions (3-yr avg) $62K
$0.16 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $260K · Total revenue $780K
33%
Government reliance
Government grants $75K · Total revenue $780K
10%
Earned-income share
Program service revenue $516K · Total revenue $780K
66%
Investment reliance
Investment income $4K · Total revenue $780K
+1%
Program self-sufficiency
Program service revenue $516K · Total expenses $623K
83%
Growth & trend
Revenue growth (YoY)
This year $780K · Prior year $708K
+10%
Revenue CAGR
FY2020 $529K · FY2024 $780K
+10%
Net-asset trend (YoY)
End of year $589K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $780K · Expenses $623K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $631K
Net-asset ratio
Net assets $589K · Total assets $631K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $631K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angela Klimek · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $66K · Total expenses $623K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $497K · Total expenses $623K
80%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 22%
Fundraising cost ratio 4%
Revenue growth 10%
Accounting fee ratio 2%

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.

Similar Organizations

Closest in mission — by what they do
See all organizations like Rising Phoenix →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$780K revenue · viewing · ⤓ 990 PDF
FY2023$708K revenue · ⤓ 990 PDF
FY2022$616K revenue · ⤓ 990 PDF
FY2021$707K revenue · ⤓ 990 PDF
FY2020$529K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.