Rise Up Academy

Tax-deductible

Everett, WA501(c)(3)Human ServicesEIN 91-1872298

The greater trinity learning academy was established to provide a high quality pre-school education in a predominantly low-income area of snohomish county.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$77K 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
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 $63K a year · 6% 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
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
$77K
to officers and key staff · 6% of spending
Top officer’s pay lower than 84% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $148K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$149K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 4 voting members
Looks good: 14 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+12% vs prior year
Spent
$1.2M
To programs
66%
Net assets
$594K
By yearFY2020–FY2024
Revenue
$1.3M
FY2024▲ +12%
Revenue by fiscal year
FY2020$668K
FY2021$756K
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Expenses
$1.2M
FY2024▲ +9%
Expenses by fiscal year
FY2020$625K
FY2021$734K
FY2022$959K
FY2023$1.1M
FY2024$1.2M
Net assets
$594K
FY2024▲ +19%
Net assets by fiscal year
FY2020$194K
FY2021$191K
FY2022$437K
FY2023$498K
FY2024$594K

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2024 — 3 yrs ago
Legal name (IRS)Hdr · item CRise Up Academy
EINHdr · item D91-1872298
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1964
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CEverett, WA
NTEE classificationIRS BMFHuman Services (P33)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.27 Fundraising $0.06
Program services66%$811K
Management & general27%$333K
Fundraising6%$77K
Total functional expensesLn 25$1.2M

Finances

Money in and out, what it owns and owes

Spent on programs
66%
of spending reaches programs▼ -2% vs prior filing year
Months of spending covered by cash
5.6mo
months of spending covered by cash and easy-to-sell investments▲ +17% vs prior filing year
Surplus or deficit
+7%
as % of revenue, this year▲ +41% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$743K
FY2024▲ +15%
Total assets by fiscal year
FY2020$292K
FY2021$397K
FY2022$530K
FY2023$645K
FY2024$743K
Total liabilities
$149K
FY2024▲ +1%
Total liabilities by fiscal year
FY2020$98K
FY2021$206K
FY2022$93K
FY2023$147K
FY2024$149K
Revenue less expensesPt I · Ln 19$96K
Total assetsPt X · Ln 16$743K
Spent on programsPt IX · col B66%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$567K
Total assetsLn 16$743K
Total liabilitiesLn 26$149K
Total net assetsLn 32$594K
Months of cash on handcomputed5.6

Statement of Revenue

Part VIII
Program service revenue$749K · 57%
Contributions & grants$453K · 34%
Other revenue$115K · 9%
Program service revenue57%$749K
Contributions & grants34%$453K
Other revenue9%$115K
— government grantsLn 1e$142K
Total revenueLn 12$1.3M

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $567K · Operating expenses/yr $1.2M
5.6 months
Where the money goes
Program services
Program services $811K · Total expenses $1.2M
66%
Management & General
Management & general $333K · Total expenses $1.2M
27%
Fundraising
Fundraising $77K · Total expenses $1.2M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $80K · Solicited contributions (3-yr avg) $339K
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $453K · Total revenue $1.3M
34%
Government reliance
Government grants $142K · Total revenue $1.3M
11%
Earned-income share
Program service revenue $749K · Total revenue $1.3M
57%
Investment reliance
Investment income $0 · Total revenue $1.3M
0%
Program self-sufficiency
Program service revenue $749K · Total expenses $1.2M
61%
Growth & trend
Revenue change from last year
This year $1.3M · Prior year $1.2M
+12%
Revenue, average yearly change over 5 years
FY2019 $668K · FY2023 $1.3M
+18%
Net assets change over the year
End of year $594K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue $1.3M · Expenses $1.2M
+7%
Debts compared to what it owns
Total liabilities — · Total assets $743K
—
Net assets compared to what it owns
Net assets $594K · Total assets $743K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $743K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Paul Stoot · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $77K · Total expenses $1.2M
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $777K · Total expenses $1.2M
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on programs 66%——
Spent on management, % of spending 27%——
Fundraising cost, % of gifts 17%——
Revenue growth 12%——
Legal fees, % of spending 3%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$77,349Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Paul Stoot’s $77K as Executive Director is at the 16th 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Paul Stoot$77,349$75,000$61,362$52,000$36,667

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.

See Rise Up Academy executive salaries →

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Governance & Policies

Part VI
  • 4Voting board membersPt VI · Ln 1a
  • 14Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides high-quality preschool education to low-income children in Snohomish County.

Provided by the organization

This section is blank until Rise Up Academy claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $811K of program spending, described in the organization's own filed words · FY2023.
01

Pre-school education to students in a predominantly low-income area of snohomish county. Serving approximately 30 students.

$487Kprogram expense
02

State certified school for kindergarten. Serving approximately 12 students.

$195Kprogram expense
03

Operation latchkey for a before and after school program for students through 6TH grade, providing transportation to and from school, homework assistance, tutoring, a computer lab and covered sports court for physical education and activity. Serving approximately 24 students.

$130Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 4 funders →
Grants paid · 1 grant · $8K · 2021–2021
AriseFY2021$8,000

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $1.3M$1.2M+12% 990 PDF
FY2023 $1.2M$1.1M+12% 990 PDF
FY2022 $1.1M$959K+39% 990 PDF
FY2021 $756K$734K+13% 990 PDF
FY2020 $668K$625K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue $1,316,646 across 7 lines filed
VIII-1c Fundraising events$116,726
VIII-1e Government grants$141,831
VIII-1f All other contributions, gifts and grants$194,426
VIII-1h Total contributions, gifts and grants$452,983
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $748,944$748,944
VIII-8 Net income from fundraising eventsExcluded from tax $114,719$114,719
VIII-12 Total revenueRelated to mission $748,944 · Unrelated business $0 · Excluded from tax $114,719$1,316,646
Part IX · Statement of functional expenses $1,220,653 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $22,657 · Management $32,038 · Fundraising $22,654$77,349
IX-7 Other salaries and wagesPrograms $488,204 · Management $100,738 · Fundraising $12,879$601,821
IX-9 Other employee benefitsPrograms $5,805 · Management $4,284 · Fundraising $407$10,496
IX-10 Payroll taxesPrograms $66,750 · Management $15,890 · Fundraising $4,682$87,322
IX-11b Legal feesManagement $34,285$34,285
IX-11g Other fees for servicesPrograms $55,869 · Management $39,675 · Fundraising $2,000$97,544
IX-12 Advertising and promotionManagement $14,577$14,577
IX-13 Office expensesManagement $2,430$2,430
IX-14 Information technologyManagement $7,312$7,312
IX-16 OccupancyPrograms $74,236 · Management $2,577$76,813
IX-17 TravelManagement $10,966$10,966
IX-20 InterestManagement $11,481$11,481
IX-22 Depreciation, depletion and amortizationPrograms $3,472$3,472
IX-23 InsuranceManagement $3,856$3,856
IX-24 Other expenses (24a–d)Programs $71,864 · Management $36,235 · Fundraising $33,900$141,999
IX-24e All other expensesPrograms $22,203 · Management $16,727$38,930
IX-25 Total functional expensesPrograms $811,060 · Management $333,071 · Fundraising $76,522$1,220,653
Part X · Balance sheet $743,222 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $448,081$567,162
X-4 Accounts receivableStart of year $44,279$0
X-10c Land, buildings and equipment, netStart of year $152,664$176,060
X-16 Total assetsStart of year $645,024$743,222
X-17 Accounts payable and accrued expensesStart of year $1,658$0
X-24 Unsecured notes and loans payableStart of year $133,256$133,256
X-25 Other liabilitiesStart of year $12,353$16,216
X-26 Total liabilitiesStart of year $147,267$149,472
X-27 Net assets without donor restrictionsStart of year $497,757$593,750
X-32 Total net assets or fund balancesStart of year $497,757$593,750
X-33 Total liabilities and net assetsStart of year $645,024$743,222
Part XI · Reconciliation of net assets $593,750 net assets at year end
XI-1 Total revenue$1,316,646
XI-2 Total expenses$1,220,653
XI-3 Revenue less expenses$95,993
XI-4 Net assets at start of year$497,757
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$593,750

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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