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Rise INC FY2020 filing

Tax-deductible

Clarksdale, MS501(c)(3)Human ServicesEIN 81-4968025Revenue $403K in FY2020

On file with the IRSrisems.org109 Clark St, 38614-2701 · Clarksdale, MSTax-exempt since Aug 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Our purpose is to connect community partners in the execution of unified efforts to improve the educational and economic conditions in high poverty areas by eliminating current academic achievement gaps.

501(c)(3) charity; gifts are tax-deductible.
17¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $69K a year · 25% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
−$15K
-7% of total assets
Looks good: liabilities are -7% 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
$403K
Spent
$203K
To programs
17%
Net assets
$218K
By yearFY2020–FY2023
Revenue
$403K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$403K
FY2021$55K
FY2022$240K
FY2023$406K
Expenses
$203K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$236K
FY2022$162K
FY2023$228K
Net assets
$218K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$22K
FY2022$100K
FY2023$146K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Aug 2017.

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

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $35K Management & general 83% · $168K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Gussie Farris
Financial Secretary
$0Pt VII · Sec A
Akilah Miles
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Rise INC executive salaries →

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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 15aNo

Programs and updates

Improves education and economic conditions in poor areas by closing academic achievement gaps.

Questions for Rise INC

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Provided by the organization

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1 program · $35K · in their own filed words · FY2020
01

Our purpose is to connect community partners in the execution of unified efforts to improve the educational and economic conditions in high poverty areas by eliminating current academic achievement gaps.

$35Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Local Initiatives Support CorporationFY2020$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$403K
Ln 12
Gifts and grantsLn 1h$310K
Fees for servicesLn 2g$93K
Money outPt IX
$203K
Ln 25
Programscol B$35K
Managementcol C$168K
Owns and owesPt X
$218K
net assets · Ln 32
Cash and savingsLn 1–2$203K
Total assetsLn 16$203K
LiabilitiesLn 26−$15K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$310K
Government grantsLn 1e$310K
Fees for servicesLn 2g$93K
Total revenueLn 12$403K
Assets in detailPt X, end of year
CashLn 1$203K
Cash and savings togetherLn 1–2$203K
Total assetsLn 16$203K
LiabilitiesLn 26−$15K
Net assetsLn 32$218K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$8K$203K
Total assetsLn 16$8K$203K
LiabilitiesLn 26−$11K−$15K
Net assetsLn 32$19K$218K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$182K$35K$147K
Accounting feesLn 11c$155$155
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$9K$9K
Information technologyLn 14$4K$4K
OccupancyLn 16$4K$4K
Total functional expensesLn 25$203K$35K$168K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $406K$228K$178K$146K 990 PDF
FY2022 $240K$162K$78K$100K 990 PDF
FY2021 $55K$236K−$182K$22K 990 PDF
FY2020 Viewing $403K$203K$200K$218K 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 FY2020 990 (6 parts)
Part I · Summary $402,998 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,578$310,000
I-9 Program service revenuePrior year $34,180$92,998
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $167,758$402,998
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $135,661$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $43,579$203,275
I-18 Total expensesPrior year $179,240$203,275
I-19 Revenue less expensesPrior year −$11,482$199,723
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $402,998 across 4 lines filed
VIII-1e Government grants$310,000
VIII-1h Total contributions, gifts and grants$310,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $92,998$92,998
VIII-12 Total revenueRelated to mission $92,998 · Unrelated business $0 · Excluded from tax $0$402,998
Part IX · Statement of functional expenses $203,275 across 6 lines filed
IX-11a Management feesPrograms $35,442 · Management $146,660$182,102
IX-11c Accounting feesManagement $155$155
IX-12 Advertising and promotionManagement $4,774$4,774
IX-13 Office expensesManagement $8,786$8,786
IX-14 Information technologyManagement $3,703$3,703
IX-16 OccupancyManagement $3,755$3,755
IX-25 Total functional expensesPrograms $35,442 · Management $167,833 · Fundraising $0$203,275
Part X · Balance sheet $202,613 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $7,694$202,613
X-16 Total assetsStart of year $7,694$202,613
X-17 Accounts payable and accrued expensesStart of year −$11,238−$15,056
X-26 Total liabilitiesStart of year −$11,238−$15,056
X-32 Total net assets or fund balancesStart of year $18,932$217,669
X-33 Total liabilities and net assetsStart of year $7,694$202,613
Part XI · Reconciliation of net assets $217,669 net assets at year end
XI-1 Total revenue$402,998
XI-2 Total expenses$203,275
XI-3 Revenue less expenses$199,723
XI-4 Net assets at start of year$18,932
XI-8 Prior period adjustments−$986
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$217,669

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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