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Rise Scholars Incorporated

Tax-deductible

San Rafael, CA501(c)(3) EIN 84-4738834Revenue $1.0M in FY2024

On file with the IRSriseforthekids.org26 Wildwood Way, 94901-1236 · San Rafael, CATax-exempt since Mar 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To empower students at hamilton school to realize their full personal and academic potential by providing them with an array of targeted and thoughtful curricular and co-curricular opportunities.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 40 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $202K a year · 40% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 16.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $35K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$25K
2% of total assets
Looks good: liabilities are 2% 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
$1.0M
+73% vs prior year
Spent
$752K
To programs
98%
Net assets
$1.0M
By yearFY2020–FY2024
Revenue
$1.0M
FY2024▲ +73%
Tap a bar for its year
Revenue by fiscal year
FY2020$249K
FY2021$209K
FY2022$412K
FY2023$595K
FY2024$1.0M
Expenses
$752K
FY2024▲ +166%
Tap a bar for its year
Expenses by fiscal year
FY2020$31K
FY2021$52K
FY2022$367K
FY2023$282K
FY2024$752K
Net assets
$1.0M
FY2024▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$218K
FY2021$375K
FY2022$420K
FY2023$733K
FY2024$1.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2020.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $738K Fundraising 2% · $14K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
Michele Huff
President
$0Pt VII · Sec A
Jay Ferguson
Treasurer
$0Pt VII · Sec A
Kirby Wilcox
Director
$0Pt VII · Sec A
Nina Cobb
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Thomas
Director
$0Pt VII · Sec A
See Rise Scholars Incorporated 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

Empowers students with enriching academic and extracurricular programs to reach their full potential.

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3 programs · $503K · in their own filed words · FY2024
01

Athletics program-our athletics program is incredibly successful. We provide a recreational program as well as a competitive program for our 2ND through 8TH grade students. We have over 250 students in our program. We provide cross country, basketball, soccer, track and field, and volleyball.

$206Kprogram expense
02

Chess program-our chess program continues to thrive, engaging over 200 students weekly and offering a dynamic blend of academic enrichment, critical thinking, and teamwork. Our competitive after-school chess team includes 40 dedicated students who train rigorously and compete at high levels.

$160Kprogram expense
03

Summer programming-our five-week summer program served over 150 students, focusing on closing the achievement gap in math and language arts. At hamilton school, only 23% of students meet grade-level standards in math, and students who are behind by 3RD grade are significantly less likely to graduate from college.

$136Kprogram 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 · FY2024
American Endowment FoundationFY2024$21K
Fidelity Investments Charitable Gift FundFY2024$8K
Donor Advised Charitable Giving INCFY2024$6K
Total grants receivedfrom 3 funders$35K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$988K
Investment incomeLn 3$38K
Other incomeLn 4–11$3K
Money outPt IX
$752K
Ln 25
Programscol B$738K
Fundraisingcol D$14K
Owns and owesPt X
$1.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$988K
Government grantsLn 1e$250K
Noncash giftsLn 1g$40K
Investment incomeLn 3$38K
Other incomeLn 4–11$3K
Gains on assetsLn 7−$279
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$141K
SavingsLn 2$897K
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$1.0M
LiabilitiesLn 26$25K
Net assetsLn 32$1.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$753K$1.0M
Total assetsLn 16$753K$1.0M
LiabilitiesLn 26$20K$25K
Net assetsLn 32$733K$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$393K$393K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$67K$67K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$15K$756$14K
Office expensesLn 13$1K$1K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$227K$227K
All other expensesLn 24e$35K$35K
Total functional expensesLn 25$752K$738K$0$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$752K$277K$1.0M 990 PDF
FY2023 $595K$282K$313K$733K 990 PDF
FY2022 $412K$367K$45K$420K 990 PDF
FY2021 $209K$52K$157K$375K 990 PDF
FY2020 $249K$31K$218K$218K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,029,579 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $576,402$988,256
I-9 Program service revenue$0
I-10 Investment incomePrior year $18,602$38,237
I-11 Other revenue$3,086
I-12 Total revenuePrior year $595,004$1,029,579
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,682$462,160
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $276,716$290,028
I-18 Total expensesPrior year $282,398$752,188
I-19 Revenue less expensesPrior year $312,606$277,391
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,029,579 across 8 lines filed
VIII-1e Government grants$250,214
VIII-1f All other contributions, gifts and grants$738,042
VIII-1g Noncash contributions (included above)$40,212
VIII-1h Total contributions, gifts and grants$988,256
VIII-3 Investment incomeExcluded from tax $38,516$38,516
VIII-7 Net gain or loss on sales of assetsRelated to mission −$279−$279
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,086$3,086
VIII-12 Total revenueRelated to mission $2,807 · Excluded from tax $38,516$1,029,579
Part IX · Statement of functional expenses $752,188 across 10 lines filed
IX-7 Other salaries and wagesPrograms $393,060$393,060
IX-9 Other employee benefitsPrograms $2,216$2,216
IX-10 Payroll taxesPrograms $66,884$66,884
IX-11c Accounting feesPrograms $1,820$1,820
IX-11g Other fees for servicesPrograms $4,203$4,203
IX-12 Advertising and promotionPrograms $756 · Fundraising $14,309$15,065
IX-13 Office expensesPrograms $1,118$1,118
IX-23 InsurancePrograms $5,351$5,351
IX-24 Other expenses (24a–d)Programs $227,435$227,435
IX-24e All other expensesPrograms $35,036$35,036
IX-25 Total functional expensesPrograms $737,879 · Management $0 · Fundraising $14,309$752,188
Part X · Balance sheet $1,038,034 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $234,225$140,786
X-2 Savings and temporary cash investmentsStart of year $518,602$897,248
X-16 Total assetsStart of year $752,827$1,038,034
X-17 Accounts payable and accrued expensesStart of year $19,984$25,332
X-26 Total liabilitiesStart of year $19,984$25,332
X-27 Net assets without donor restrictionsStart of year $732,843$1,012,702
X-32 Total net assets or fund balancesStart of year $732,843$1,012,702
X-33 Total liabilities and net assetsStart of year $752,827$1,038,034
Part XI · Reconciliation of net assets $1,012,702 net assets at year end
XI-1 Total revenue$1,029,579
XI-2 Total expenses$752,188
XI-3 Revenue less expenses$277,391
XI-4 Net assets at start of year$732,843
XI-8 Prior period adjustments$2,468
XI-10 Net assets at end of year$1,012,702

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

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