Rise Richmond Inc
- Assets
- $2.5m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 84
- Location
- Richmond, VA
- Founding
- 12/2004
- Data as of
- 08/2023
- EIN
- 20-0220263
Organization Overview
Rise Richmond Inc, operating under the name Rise Richmond, is located in Richmond, VA. The organization was established in 2004. According to its NTEE Classification (I21) the organization is classified as: Youth Violence Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 08/2023, Rise Richmond employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Richmond is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2023, Rise Richmond generated $3.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.2m during the year ending 08/2023. While expenses have increased by 6.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RISE RICHMOND CULTIVATES THE GOD-GIVEN POTENTIAL OF STUDENTS THROUGH LEARNING OPPORTUNITIES THAT EQUIP THEM TO FLOURISH-CENTERING BLACK STUDENTS IN RICHMOND'S EASE END.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RISE AFTER SCHOOL PROGRAM CONNECTS K-8TH STUDENTS WITH A NETWORK OF TRUSTED ADULTS, LOCAL PROFESSIONALS, AND PEERS FOR RECREATION, SPIRITUAL DEVELOPMENT, HOMEWORK HELP, AND SKILL BUILDING. IN THE 2022-2023 YEAR, 65 STUDENTS PARTICIPATED IN THE PROGRAM.
IMAGO DEI NEIGHBORHOOD SCHOOL SCHOLARSHIPS
RISE ACADEMY IS A FULLY ACCREDITED, PRIVATE, CHRISTIAN HIGH SCHOOL THAT EQUIPS STUDENTS TO ACHIEVE ACADEMIC SUCCESS, DEVELOP CHARACTER, AND SERVE THEIR COMMUNITY. IN THE 2022-2023 YEAR, 54 STUDENTS IN GRADES 9-12 PARTICIPATED IN THE PROGRAM.
RISE LABS OFFERS TRAINING, MENTORING, AND JOB EXPERIENCE TO PREPARE YOUNG PEOPLE FOR LONG-TERM PERSONAL AND PROFESSIONAL SUCCESS. WE EMPLOY TEENS AND YOUTH ADULTS IN OUR FOUR SMALL BUSINESSES, WHICH PROVIDE SPACES FOR THEM TO DEVELOP SKILLS TO THRIVE IN THE WORKFORCE AND BEYOND. IN THE 2022-2023 YEAR, 74 YOUTH AND YOUNG ADULTS PARTICIPATED IN THE PROGRAM.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Unice Chair | OfficerTrustee | 3 | $0 |
Tommy Blanchard Vice Chair | OfficerTrustee | 1 | $0 |
Dan Kennedy Director | Trustee | 1 | $0 |
Myrtle Mines Director | Trustee | 1 | $0 |
Dave Skove Treasurer | OfficerTrustee | 2 | $0 |
Carolyn Loftin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $345,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,452,759 |
| Noncash contributions included in lines 1a–1f | $276,996 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,797,864 |
| Total Program Service Revenue | $96,377 |
| Investment income | $20,579 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,557 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,941 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,016,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $105,227 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,456 |
| Compensation of current officers, directors, key employees. | $19,614 |
| Compensation to disqualified persons | $1,681,356 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,056 |
| Payroll taxes | $143,924 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,402 |
| Fees for services: Accounting | $11,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,407 |
| Advertising and promotion | $0 |
| Office expenses | $64,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,467 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,187 |
| All other expenses | $109,481 |
| Total functional expenses | $3,228,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,132 |
| Savings and temporary cash investments | $251,209 |
| Pledges and grants receivable | $22,656 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,048 |
| Net Land, buildings, and equipment | $476,777 |
| Investments—publicly traded securities | $1,029,567 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,439 |
| Total assets | $2,461,828 |
| Accounts payable and accrued expenses | $97,942 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,396 |
| Total liabilities | $137,338 |
| Net assets without donor restrictions | $2,163,276 |
| Net assets with donor restrictions | $161,214 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,461,828 |