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Rise INC FY2022 filing

Tax-deductible

Clarksdale, MS501(c)(3)Human ServicesEIN 81-4968025Revenue $240K in FY2022

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.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.4 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
$0
0% of total assets
Looks good: liabilities are 0% 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
$240K
+338% vs prior year
Spent
$162K
To programs
87%
Net assets
$100K
By yearFY2020–FY2023
Revenue
$240K
FY2022▲ +338%
Tap a bar for its year
Revenue by fiscal year
FY2020$403K
FY2021$55K
FY2022$240K
FY2023$406K
Expenses
$162K
FY2022▼ -32%
Tap a bar for its year
Expenses by fiscal year
FY2020$203K
FY2021$236K
FY2022$162K
FY2023$228K
Net assets
$100K
FY2022▲ +348%
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$22K
FY2022$100K
FY2023$146K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

87 cents of each dollar spent went to programs.

Program services 87% · $141K Management & general 13% · $21K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Kacie Neville
Treasurer
$0Pt VII · Sec A
Gussie Farris
Financial Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Latonja Stone
President
$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.

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Provided by the organization

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1 program · $141K · in their own filed words · FY2022
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.

$141Kprogram 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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$240K
Ln 12
Fees for servicesLn 2g$240K
Other incomeLn 4–11$35
Money outPt IX
$162K
Ln 25
Programscol B$141K
Managementcol C$21K
Owns and owesPt X
$100K
net assets · Ln 32
Cash and savingsLn 1–2$86K
Total assetsLn 16$100K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$240K
Other incomeLn 4–11$35
Total revenueLn 12$240K
Assets in detailPt X, end of year
CashLn 1$86K
Cash and savings togetherLn 1–2$86K
Other assetsLn 15$14K
Total assetsLn 16$100K
LiabilitiesLn 26$0
Net assetsLn 32$100K
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 FY22End FY22
Cash and savingsLn 1–2$13K$86K
Total assetsLn 16$14K$100K
LiabilitiesLn 26−$8K$0
Net assetsLn 32$22K$100K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$149K$141K$8K
Advertising and promotionLn 12$914$914
Office expensesLn 13$8K$8K
TravelLn 17$420$420
Other expenses (24a–d)Ln 24$3K$3K
Total functional expensesLn 25$162K$141K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $406K$228K$178K$146K 990 PDF
FY2022 Viewing $240K$162K$78K$100K 990 PDF
FY2021 $55K$236K−$182K$22K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $240,035 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $36,780$240,000
I-10 Investment income$0
I-11 Other revenuePrior year $17,989$35
I-12 Total revenuePrior year $54,769$240,035
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $533$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $235,962$161,623
I-18 Total expensesPrior year $236,495$161,623
I-19 Revenue less expensesPrior year −$181,726$78,412
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 $240,035 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $240,000$240,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $35$35
VIII-12 Total revenueRelated to mission $240,035 · Unrelated business $0 · Excluded from tax $0$240,035
Part IX · Statement of functional expenses $161,623 across 5 lines filed
IX-11a Management feesPrograms $141,019 · Management $8,330$149,349
IX-12 Advertising and promotionManagement $914$914
IX-13 Office expensesManagement $7,618$7,618
IX-17 TravelManagement $420$420
IX-24 Other expenses (24a–d)Management $3,322$3,322
IX-25 Total functional expensesPrograms $141,019 · Management $20,604 · Fundraising $0$161,623
Part X · Balance sheet $100,107 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $12,521$86,147
X-15 Other assetsStart of year $1,460$13,960
X-16 Total assetsStart of year $13,981$100,107
X-26 Total liabilitiesStart of year −$8,379$0
X-32 Total net assets or fund balancesStart of year $22,360$100,107
X-33 Total liabilities and net assetsStart of year $13,981$100,107
Part XI · Reconciliation of net assets $100,107 net assets at year end
XI-1 Total revenue$240,035
XI-2 Total expenses$161,623
XI-3 Revenue less expenses$78,412
XI-4 Net assets at start of year$22,360
XI-8 Prior period adjustments−$665
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$100,107

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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