Rise Ltd FY2024 filing

Tax-deductible

Elkader, IA501(c)(3)EmploymentEIN 42-1148364Revenue $3.9M in FY2024

On file with the IRSsites.google.com/a/riseltd.net/rise-ltd106 Rainbow Dr, 52043-9075 · Elkader, IATax-exempt since May 1981Publicly supported charity — 170(b)(1)(A)(vi)

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To encourage independence through the provision of residential and day program services.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $491K a year · 13% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$274K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+9% vs prior year
Spent
$3.5M
To programs
90%
Net assets
$6.4M
By yearFY2021–FY2025
Revenue
$3.9M
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.2M
FY2023$3.6M
FY2024$3.9M
FY2025$4.0M
Expenses
$3.5M
FY2024▲ +14%
Tap a bar for its year
Expenses by fiscal year
FY2021$2.6M
FY2023$3.0M
FY2024$3.5M
FY2025$3.7M
Net assets
$6.4M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2021$4.7M
FY2023$5.9M
FY2024$6.4M
FY2025$6.7M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1981.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $3.1M Management & general 10% · $354K

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

8 people listed on the 990; $94K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$94,023Pt VII · Sec A
$0Pt VII · Sec A
Director (through May 2024)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (from May 2024)
$0Pt VII · Sec A
Director (from May 2024)
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jessica Pensel’s $136K as Executive Director is at the 56th percentile of top reported officer pay among 1245 $1–10M employment 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

NameFY2025FY2024FY2023FY2021
Jessica Pensel$135,985$94,023$89,668$81,043

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

Helps people live more independently with housing and daily activity support.

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Provided by the organization

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1 program · $3.1M · in their own filed words · FY2023
01

RISE, Ltd. Provided Supported Community Living Skills to 80 individuals with intellectual disabilities, brain injury, and mental illness. In addition, the organization has three group homes with a total of 20 beds available, and two apartment complexes with at total of 13 living units.

$3.1Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Fees for servicesLn 2g$3.3M
Gifts and grantsLn 1h$391K
Investment incomeLn 3$118K
Money outPt IX
$3.5M
Ln 25
Programscol B$3.1M
Managementcol C$354K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$6.7M
LiabilitiesLn 26$274K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$391K
Government grantsLn 1e$382K
Fees for servicesLn 2g$3.3M
Investment incomeLn 3$118K
Other incomeLn 4–11$87K
Gains on assetsLn 7$1K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
SavingsLn 2$3.2M
Cash and savings togetherLn 1–2$3.2M
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$18K
Total assetsLn 16$6.7M
LiabilitiesLn 26$274K
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 558
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.7M$3.2M
Land, buildings, equipmentLn 10c$2.4M$3.1M
Total assetsLn 16$6.5M$6.7M
LiabilitiesLn 26$601K$274K
Net assetsLn 32$5.9M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$250$250
Pay of current officers, directors and key staffLn 5$125K$125K
Other salaries and wagesLn 7$2.0M$2.0M$85K
Other employee benefitsLn 9$295K$281K$14K
Payroll taxesLn 10$188K$180K$8K
Legal feesLn 11b$80$80
Accounting feesLn 11c$26K$26K
Other fees for servicesLn 11g$19K$19K
Office expensesLn 13$165K$149K$16K
Information technologyLn 14$3K$3K$240
OccupancyLn 16$149K$127K$22K
TravelLn 17$87K$87K
Conferences, conventions and meetingsLn 19$42K$42K
Depreciation, depletion and amortizationLn 22$231K$208K$23K
InsuranceLn 23$35K$35K
Other expenses (24a–d)Ln 24$45K$45K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$3.5M$3.1M$354K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $4.0M$3.7M$310K$6.7M 990 PDF
FY2024 Viewing $3.9M$3.5M$460K$6.4M 990 PDF
FY2023 $3.6M$3.0M$567K$5.9M 990 PDF
FY2022 Not on file
FY2021 $3.2M$2.6M$627K$4.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $3,911,915 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $103,914$391,396
I-9 Program service revenuePrior year $3,328,893$3,315,701
I-10 Investment incomePrior year $84,776$117,595
I-11 Other revenuePrior year $85,917$87,223
I-12 Total revenuePrior year $3,603,500$3,911,915
I-13 Grants and similar amounts paidPrior year $0$250
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,297,162$2,645,032
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $739,629$806,445
I-18 Total expensesPrior year $3,036,791$3,451,727
I-19 Revenue less expensesPrior year $566,709$460,188
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,911,915 across 9 lines filed
Lines not itemized here account for $15,704 of total revenue; see the IRS return.
VIII-1e Government grants$382,032
VIII-1f All other contributions, gifts and grants$9,364
VIII-1h Total contributions, gifts and grants$391,396
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,299,997$3,299,997
VIII-3 Investment incomeExcluded from tax $116,437$116,437
VIII-6 Net rental income or lossExcluded from tax $87,153$87,153
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,158$1,158
VIII-8 Net income from fundraising eventsExcluded from tax $70$70
VIII-12 Total revenueRelated to mission $3,312,422 · Unrelated business $0 · Excluded from tax $208,097$3,911,915
Part IX · Statement of functional expenses $3,451,727 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $250$250
IX-5 Pay of current officers, directors and key staffManagement $125,438$125,438
IX-7 Other salaries and wagesPrograms $1,951,766 · Management $84,665$2,036,431
IX-9 Other employee benefitsPrograms $281,309 · Management $13,654$294,963
IX-10 Payroll taxesPrograms $180,107 · Management $8,093$188,200
IX-11b Legal feesManagement $80$80
IX-11c Accounting feesManagement $26,332$26,332
IX-11g Other fees for servicesPrograms $18,790$18,790
IX-13 Office expensesPrograms $149,362 · Management $15,596$164,958
IX-14 Information technologyPrograms $2,898 · Management $240$3,138
IX-16 OccupancyPrograms $126,729 · Management $22,466$149,195
IX-17 TravelPrograms $86,692$86,692
IX-19 Conferences, conventions and meetingsPrograms $42,195$42,195
IX-22 Depreciation, depletion and amortizationPrograms $208,219 · Management $23,136$231,355
IX-23 InsuranceManagement $34,554$34,554
IX-24 Other expenses (24a–d)Programs $45,491$45,491
IX-24e All other expensesPrograms $3,665$3,665
IX-25 Total functional expensesPrograms $3,097,473 · Management $354,254 · Fundraising $0$3,451,727
Part X · Balance sheet $6,661,269 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $3,703,634$3,239,124
X-4 Accounts receivableStart of year $375,243$260,766
X-9 Prepaid expenses and deferred chargesStart of year $1,398$0
X-10c Land, buildings and equipment, netStart of year $2,427,414$3,143,873
X-15 Other assetsStart of year $20,772$17,506
X-16 Total assetsStart of year $6,528,461$6,661,269
X-17 Accounts payable and accrued expensesStart of year $191,584$232,448
X-24 Unsecured notes and loans payableStart of year $384,886$20,944
X-25 Other liabilitiesStart of year $4,063$4,523
X-26 Total liabilitiesStart of year $601,208$273,828
X-27 Net assets without donor restrictionsStart of year $5,920,253$6,387,441
X-28 Net assets with donor restrictionsStart of year $7,000$0
X-32 Total net assets or fund balancesStart of year $5,927,253$6,387,441
X-33 Total liabilities and net assetsStart of year $6,528,461$6,661,269
Part XI · Reconciliation of net assets $6,387,441 net assets at year end
XI-1 Total revenue$3,911,915
XI-2 Total expenses$3,451,727
XI-3 Revenue less expenses$460,188
XI-4 Net assets at start of year$5,927,253
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,387,441

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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