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Rivet Global

Tax-deductible

Boston, MA501(c)(3)Human Services EIN 87-3214262Revenue $1.6M in FY2024

On file with the IRSrivet.org30 Hecla St, 02122-2917 · Boston, MATax-exempt since May 2023Publicly supported charity — 170(b)(1)(A)(vi)

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The organization is organized for the purposes of providing support for youth-led social change by harnessing the collective economic power of young people to support, fund, and accelerate young people's ideas for a better world, by any appropriate means. (see schedule o)this includes: (I) partner with companies to co-brand products and experiences that allow youth to channel funding to other young people leading change; (II) through non-governmental organizations partners, provide funding and mentorship to young people launching new social impact projects in their communities; (III) partner with storytellers to amplify positive stories of youth led projects across the globe; and partner with youth throughout the world to create opportunitiesto learn about youth-led social change and express their shared sense of community.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
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
3 of 4
filings with a surplus
Average surplus $173K a year · 18% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$332K
to officers and key staff · 35% of spending
Top officer’s pay higher than 83% of similar orgs
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $377K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$376K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
+46% vs prior year
Spent
$961K
To programs
66%
Net assets
$692K
By yearFY2021–FY2024
Revenue
$1.6M
FY2024▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2021$720K
FY2022$364K
FY2023$1.1M
FY2024$1.6M
Expenses
$961K
FY2024▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$286K
FY2022$906K
FY2023$991K
FY2024$961K
Net assets
$692K
FY2024▲ ×38
Tap a bar for its year
Net assets by fiscal year
FY2021$434K
FY2022−$108K
FY2023$18K
FY2024$692K

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 May 2023.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $635K Management & general 25% · $244K Fundraising 8% · $82K

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

9 people listed on the 990; $332K paid to officers and key staff.

Part VII, Section A · reportable compensation
Eric Dawson
Secretary
$175,000Pt VII · Sec A
Christina Rose
Chief Marketing and Growth
$157,500Pt VII · Sec A
$0Pt VII · Sec A
Bobby Jones
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eric Dawson’s $175K as Secretary is at the 83rd percentile of top reported officer pay among 3869 $1–10M 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.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022
Christina Rose$157,500$180,000$224,167
Eric Dawson$175,000$180,000$142,083
Michael Reddy——$96,750
Hayfa Sdiri—$79,992—

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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers youth-led social change by funding and amplifying their ideas through partnerships and collective economic power.

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Provided by the organization

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1 program · $635K · in their own filed words · FY2024
01

Successfully completed a pilot with a commercial consumer brand to prove our business model. Built our brand and created a strong pipeline of potential commercial partners to work with the following year.

$635Kprogram 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
Stephen and Sandy Rosenthal Family FoundationFY2024$160K
The New York Community TrustFY2024$50K
Fidelity Investments Charitable Gift FundFY2024$30K
American Endowment FoundationFY2024$30K
American Online Giving Foundation INCFY2024$27K
Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$25K
Donor Advised Charitable Giving INCFY2024$20K
Vanguard Charitable Endowment ProgramFY2024$15K
Total grants receivedfrom 10 funders$377K
See all 10 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Other incomeLn 4–11$373
Money outPt IX
$961K
Ln 25
Programscol B$635K
Managementcol C$244K
Fundraisingcol D$82K
Owns and owesPt X
$692K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$1.1M
LiabilitiesLn 26$376K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Noncash giftsLn 1g$25K
Other incomeLn 4–11$373
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Land, buildings, equipmentLn 10c$7K
Total assetsLn 16$1.1M
LiabilitiesLn 26$376K
Net assetsLn 32$692K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$129K$43K
Land, buildings, equipmentLn 10c$9K$7K
Total assetsLn 16$139K$1.1M
LiabilitiesLn 26$121K$376K
Net assetsLn 32$18K$692K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$200$200
Grants and assistance to foreign recipientsLn 3$72K$72K
Pay of current officers, directors and key staffLn 5$175K$93K$56K$26K
Other salaries and wagesLn 7$307K$163K$98K$45K
Other employee benefitsLn 9$2K$901$554$249
Payroll taxesLn 10$36K$19K$12K$5K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$33K$33K
Other fees for servicesLn 11g$248K$226K$17K$5K
Advertising and promotionLn 12$913$873$40
Information technologyLn 14$9K$9K
OccupancyLn 16$9K$9K
TravelLn 17$20K$16K$4K
Conferences, conventions and meetingsLn 19$6K$6K
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$38K$36K$3K
Total functional expensesLn 25$961K$635K$244K$82K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$961K$674K$692K 990 PDF
FY2023 $1.1M$991K$126K$18K 990 PDF
FY2022 $364K$906K−$543K−$108K 990 PDF
FY2021 $720K$286K$434K$434K 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 F · Foreign M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,634,982 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,117,650$1,634,609
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$373
I-12 Total revenuePrior year $1,117,650$1,634,982
I-13 Grants and similar amounts paidPrior year $0$72,200
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $509,334$520,093
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $482,090$368,883
I-18 Total expensesPrior year $991,424$961,176
I-19 Revenue less expensesPrior year $126,226$673,806
Part VI · Governance 7 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,634,982 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,634,609
VIII-1g Noncash contributions (included above)$25,450
VIII-1h Total contributions, gifts and grants$1,634,609
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $373$373
VIII-12 Total revenueRelated to mission $373 · Unrelated business $0 · Excluded from tax $0$1,634,982
Part IX · Statement of functional expenses $961,176 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $200$200
IX-3 Grants and assistance to foreign recipientsPrograms $72,000$72,000
IX-5 Pay of current officers, directors and key staffPrograms $93,150 · Management $56,048 · Fundraising $25,802$175,000
IX-7 Other salaries and wagesPrograms $163,419 · Management $98,327 · Fundraising $45,267$307,013
IX-9 Other employee benefitsPrograms $901 · Management $554 · Fundraising $249$1,704
IX-10 Payroll taxesPrograms $19,236 · Management $11,823 · Fundraising $5,317$36,376
IX-11b Legal feesManagement $1,050$1,050
IX-11c Accounting feesManagement $33,300$33,300
IX-11g Other fees for servicesPrograms $225,748 · Management $16,959 · Fundraising $4,854$247,561
IX-12 Advertising and promotionManagement $873 · Fundraising $40$913
IX-14 Information technologyPrograms $9,226$9,226
IX-16 OccupancyManagement $9,000$9,000
IX-17 TravelPrograms $15,829 · Management $3,766$19,595
IX-19 Conferences, conventions and meetingsManagement $5,796$5,796
IX-22 Depreciation, depletion and amortizationManagement $2,200$2,200
IX-23 InsuranceManagement $2,056$2,056
IX-24 Other expenses (24a–d)Programs $35,673 · Management $2,513$38,186
IX-25 Total functional expensesPrograms $635,382 · Management $244,265 · Fundraising $81,529$961,176
Part X · Balance sheet $1,067,985 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $129,058$43,174
X-4 Accounts receivableStart of year $1,521$1,018,211
X-10c Land, buildings and equipment, netStart of year $8,800$6,600
X-16 Total assetsStart of year $139,379$1,067,985
X-17 Accounts payable and accrued expensesStart of year $11,200$31,000
X-26 Total liabilitiesStart of year $121,200$376,000
X-27 Net assets without donor restrictionsStart of year $18,179−$80,932
X-28 Net assets with donor restrictions$772,917
X-32 Total net assets or fund balancesStart of year $18,179$691,985
X-33 Total liabilities and net assetsStart of year $139,379$1,067,985
Part XI · Reconciliation of net assets $691,985 net assets at year end
XI-1 Total revenue$1,634,982
XI-2 Total expenses$961,176
XI-3 Revenue less expenses$673,806
XI-4 Net assets at start of year$18,179
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$691,985

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

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