Rise Up Academy FY2023 filing

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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.
68¢ of each $1 spent went to programs.
$75K 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

FY2023 · 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
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 4.8 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
$147K
23% of total assets
Looks good: liabilities are 23% 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
$1.2M
+12% vs prior year
Spent
$1.1M
To programs
68%
Net assets
$498K
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$668K
FY2021$756K
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M
Expenses
$1.1M
FY2023▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$625K
FY2021$734K
FY2022$959K
FY2023$1.1M
FY2024$1.2M
Net assets
$498K
FY2023▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$194K
FY2021$191K
FY2022$437K
FY2023$498K
FY2024$594K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1964.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $760K Management & general 22% · $251K Fundraising 10% · $107K

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

16 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$75,000Pt 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 →

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

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

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3 programs · $760K · in their own filed words · FY2022
01

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

$456Kprogram expense
02

State certified school for kindergarten. Serving approximately 12 students.

$182Kprogram expense
03

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

$122Kprogram expense

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$727K
Gifts and grantsLn 1h$364K
Other incomeLn 4–11$88K
Money outPt IX
$1.1M
Ln 25
Programscol B$760K
Managementcol C$251K
Fundraisingcol D$107K
Owns and owesPt X
$498K
net assets · Ln 32
Cash and savingsLn 1–2$448K
Total assetsLn 16$645K
LiabilitiesLn 26$147K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$364K
Fundraising eventsLn 1c$86K
Fees for servicesLn 2g$727K
Investment incomeLn 3$58
Other incomeLn 4–11$88K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$448K
Cash and savings togetherLn 1–2$448K
Land, buildings, equipmentLn 10c$153K
Total assetsLn 16$645K
LiabilitiesLn 26$147K
Net assetsLn 32$498K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$467K$448K
Land, buildings, equipmentLn 10c$63K$153K
Total assetsLn 16$530K$645K
LiabilitiesLn 26$93K$147K
Net assetsLn 32$437K$498K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$75K$22K$31K$22K
Other salaries and wagesLn 7$589K$485K$90K$14K
Other employee benefitsLn 9$10K$7K$2K$521
Payroll taxesLn 10$64K$49K$12K$3K
Legal feesLn 11b$8K$8K
Other fees for servicesLn 11g$16K$16K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$18K$18K
Information technologyLn 14$7K$7K
OccupancyLn 16$44K$44K
TravelLn 17$32K$32K
InterestLn 20$8K$8K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$168K$113K$1K$54K
All other expensesLn 24e$57K$6K$37K$14K
Total functional expensesLn 25$1.1M$760K$251K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 1, 2025 $1.3M$1.2M$96K$594K 990 PDF
FY2023 ViewingFiled with the IRS May 15, 2024 $1.2M$1.1M$61K$498K 990 PDF
FY2022Filed with the IRS Feb 2, 2023 $1.1M$959K$95K$437K 990 PDF
FY2021Filed with the IRS May 16, 2022 $756K$734K$21K$191K 990 PDF
FY2020Filed with the IRS May 13, 2021 $668K$625K$43K$194K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,179,566 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $405,308$364,412
I-9 Program service revenuePrior year $593,258$726,787
I-10 Investment incomePrior year $105$58
I-11 Other revenuePrior year $54,590$88,309
I-12 Total revenuePrior year $1,053,261$1,179,566
I-13 Grants and similar amounts paidPrior year $34,587$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $547,804$737,702
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $376,334$380,662
I-18 Total expensesPrior year $958,725$1,118,364
I-19 Revenue less expensesPrior year $94,536$61,202
Part VI · Governance 14 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members14
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,179,566 across 7 lines filed
VIII-1c Fundraising events$86,500
VIII-1f All other contributions, gifts and grants$277,912
VIII-1h Total contributions, gifts and grants$364,412
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $726,787$726,787
VIII-3 Investment incomeExcluded from tax $58$58
VIII-8 Net income from fundraising eventsExcluded from tax $88,309$88,309
VIII-12 Total revenueRelated to mission $726,787 · Unrelated business $0 · Excluded from tax $88,367$1,179,566
Part IX · Statement of functional expenses $1,118,364 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $21,969 · Management $31,065 · Fundraising $21,966$75,000
IX-7 Other salaries and wagesPrograms $485,351 · Management $89,705 · Fundraising $13,615$588,671
IX-9 Other employee benefitsPrograms $7,429 · Management $1,768 · Fundraising $521$9,718
IX-10 Payroll taxesPrograms $49,162 · Management $11,703 · Fundraising $3,448$64,313
IX-11b Legal feesManagement $8,430$8,430
IX-11g Other fees for servicesPrograms $15,500$15,500
IX-12 Advertising and promotionManagement $3,830$3,830
IX-13 Office expensesManagement $18,262$18,262
IX-14 Information technologyManagement $6,788$6,788
IX-16 OccupancyPrograms $43,808$43,808
IX-17 TravelManagement $31,710$31,710
IX-20 InterestManagement $7,732$7,732
IX-22 Depreciation, depletion and amortizationPrograms $18,058$18,058
IX-23 InsuranceManagement $1,702$1,702
IX-24 Other expenses (24a–d)Programs $113,230 · Management $1,482 · Fundraising $53,612$168,324
IX-24e All other expensesPrograms $5,847 · Management $36,667 · Fundraising $14,004$56,518
IX-25 Total functional expensesPrograms $760,354 · Management $250,844 · Fundraising $107,166$1,118,364
Part X · Balance sheet $645,024 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $466,768$448,081
X-4 Accounts receivable$44,279
X-10c Land, buildings and equipment, netStart of year $62,854$152,664
X-16 Total assetsStart of year $529,622$645,024
X-17 Accounts payable and accrued expensesStart of year $6,230$1,658
X-24 Unsecured notes and loans payableStart of year $76,189$133,256
X-25 Other liabilitiesStart of year $10,648$12,353
X-26 Total liabilitiesStart of year $93,067$147,267
X-27 Net assets without donor restrictionsStart of year $436,555$497,757
X-32 Total net assets or fund balancesStart of year $436,555$497,757
X-33 Total liabilities and net assetsStart of year $529,622$645,024
Part XI · Reconciliation of net assets $497,757 net assets at year end
XI-1 Total revenue$1,179,566
XI-2 Total expenses$1,118,364
XI-3 Revenue less expenses$61,202
XI-4 Net assets at start of year$436,555
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$497,757

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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