Rise Southeast Elevate FY2024 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 2023Community DevelopmentEIN 99-0438996Revenue $741K in FY2024

On file with the IRS1615 S Murray Blvd, 80916-4502 · Colorado Spgs, COTax-exempt since May 2024Publicly supported charity — 170(b)(1)(A)(vi)

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Enhance Southeast Colorado Springs from within through resident-led change.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$72K 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $240K a year · 48% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$72K
to officers and key staff · 40% of spending
Concern: pay to officers and key staff is 40% of spending; over 30%.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 21.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $28K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 14 voting members
Concern: none of 14 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$741K
Spent
$180K
To programs
70%
Net assets
$561K
By yearFY2024–FY2025
Revenue
$741K
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$741K
FY2025$261K
Expenses
$180K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$180K
FY2025$341K
Net assets
$561K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$561K
FY2025$480K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2024.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $126K Management & general 10% · $18K Fundraising 20% · $36K

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

14 people listed on the 990; $72K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$72,116Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joyce Salazar’s $75K as Executive Dir. is at the 51st percentile of top reported officer pay among 1709 $100K–1M community development 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

NameFY2025FY2024
Joyce Salazar$75,000$72,116

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 15aNo

Programs and updates

Empowering residents to lead change and improve Southeast Colorado Springs.

Questions for Rise Southeast Elevate

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Provided by the organization

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1 program · $126K · in their own filed words · FY2024
01

Creating opportunities for people to get to know one another and share their stories is a priority. We are reclaiming the narrative of Southeast Colorado Springs by sharing our stories from our perspective.

$126Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$28K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$741K
Ln 12
Gifts and grantsLn 1h$741K
Money outPt IX
$180K
Ln 25
Programscol B$126K
Managementcol C$18K
Fundraisingcol D$36K
Owns and owesPt X
$561K
net assets · Ln 32
Cash and savingsLn 1–2$316K
Total assetsLn 16$566K
LiabilitiesLn 26$5K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$741K
Gains on assetsLn 7$0
Total revenueLn 12$741K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$316K
Cash and savings togetherLn 1–2$316K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$566K
LiabilitiesLn 26$5K
Net assetsLn 32$561K
OperationsPt I, VI
EmployeesI 53
VolunteersI 613
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$316K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0$566K
LiabilitiesLn 26$0$5K
Net assetsLn 32$0$561K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$72K$50K$7K$14K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$37K$26K$4K$7K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$11K$8K$1K$2K
Payroll taxesLn 10$9K$6K$871$2K
Management feesLn 11a$0
Legal feesLn 11b$2K$1K$201$402
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$16K$11K$2K$3K
Advertising and promotionLn 12$3K$2K$343$687
Office expensesLn 13$9K$6K$861$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$4K$610$1K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$2K$1K$170$340
Other expenses (24a–d)Ln 24$14K$10K$1K$3K
All other expensesLn 24e$0
Total functional expensesLn 25$180K$126K$18K$36K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $261K$341K−$80K$480K 990 PDF
FY2024 Viewing $741K$180K$561K$561K 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 FY2024 990 (6 parts)
Part I · Summary $740,993 revenue, 12 lines filed
I-8 Contributions and grants$740,993
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$740,993
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$128,397
I-16a Professional fundraising fees$0
I-17 Other expenses$51,731
I-18 Total expenses$180,128
I-19 Revenue less expenses$560,865
Part VI · Governance 0 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members0
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 $740,993 across 8 lines filed
VIII-1f All other contributions, gifts and grants$740,993
VIII-1h Total contributions, gifts and grants$740,993
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenue$740,993
Part IX · Statement of functional expenses $180,128 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $50,481 · Management $7,212 · Fundraising $14,423$72,116
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $25,626 · Management $3,661 · Fundraising $7,322$36,609
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $7,676 · Management $1,097 · Fundraising $2,193$10,966
IX-10 Payroll taxesPrograms $6,094 · Management $871 · Fundraising $1,741$8,706
IX-11a Management fees$0
IX-11b Legal feesPrograms $1,407 · Management $201 · Fundraising $402$2,010
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $11,151 · Management $1,593 · Fundraising $3,186$15,930
IX-12 Advertising and promotionPrograms $2,404 · Management $343 · Fundraising $687$3,434
IX-13 Office expensesPrograms $6,024 · Management $861 · Fundraising $1,721$8,606
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $4,269 · Management $610 · Fundraising $1,220$6,099
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,190 · Management $170 · Fundraising $340$1,700
IX-24 Other expenses (24a–d)Programs $9,766 · Management $1,395 · Fundraising $2,791$13,952
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $126,088 · Management $18,014 · Fundraising $36,026$180,128
Part X · Balance sheet $566,073 assets, 19 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investments$316,073
X-3 Pledges and grants receivable$250,000
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $0$566,073
X-17 Accounts payable and accrued expenses$5,283
X-26 Total liabilitiesStart of year $0$5,283
X-27 Net assets without donor restrictions$310,790
X-28 Net assets with donor restrictions$250,000
X-32 Total net assets or fund balancesStart of year $0$560,790
X-33 Total liabilities and net assetsStart of year $0$566,073
Part XI · Reconciliation of net assets $560,790 net assets at year end
XI-1 Total revenue$740,993
XI-2 Total expenses$180,128
XI-3 Revenue less expenses$560,865
XI-9 Other changes in net assets−$75
XI-10 Net assets at end of year$560,790

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

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