Rise Memphis Inc
- Assets
- $1.7m
- Revenue
- $830.1k
- Investments
- $0.0
- Employees
- 15
- Location
- Memphis, TN
- Founding
- 02/2002
- Data as of
- 04/2022
- EIN
- 31-1712061
Organization Overview
Rise Memphis Inc is located in Memphis, TN. The organization was established in 2002. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 04/2022, Rise Memphis Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Memphis Inc 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 04/2022, Rise Memphis Inc generated $830.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $957.1k during the year ending 04/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO EMPOWER PEOPLE TO BECOME SELF SUFFICIENT BY BUILDING AND SUSTAINING HUMAN AND FINANCIAL ASSETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES THE FOLLOWING PROGRAMS - SAVE UP, GOAL CARD, AND THE GREATER MEMPHIS FINANCIAL EMPOWERMENT CENTER. SAVE UP INVOLVES FINANCIAL EDUCATION AND MATCHED SAVINGS FOR ASSET DEVELOPMENT FOR LOW TO MODERATE-INCOME WORKING CITIZENS IN SHELBY COUNTY. GOAL CARD IS RISE'S INCENTIVE PROGRAM FOR 5TH TO 12TH GRADE STUDENTS LIVING IN ZIP CODES 38126, 38106 AND 38114. THE FOCUS IS ON FINANCIAL EDUCATION, GOAL SETTING, MENTORING AND IMPROVEMENT IN CONDUCT, ATTENDANCE AND GRADES. THE GREATER MEMPHIS FINANCIAL EMPOWERMENT CENTER, IN COLLABORATION WITH THE SHELBY COUNTY TRUSTEE'S OFFICE, FOCUSES ON ONE-ON-ONE PERSONAL FINANCIAL COUNSELING WITH EMPHASIS ON DEBT REDUCTION, SAVINGS AND IMPROVED CREDIT SCORES. COMMON CENTS IS RISE'S FINANCIAL EDUCATION COURSE PROVIDED AS FEE-FOR-SERVICE PROGRAM TO OTHER ORGANIZATIONS AS REQUESTED. SILVER NEIGHBORS IS RISE'S PROGRAM THAT EMPOWERS OLDER ADULTS TO MAKE BETTER CHOICES ABOUT THEIR FINANCES AND OFFERS PEER SUPPORTED LEARNING OPPORTUNITIES.
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 |
|---|---|---|---|
Kristin Lockhart Board Member | Trustee | 1 | $0 |
Randy Williams Chair | OfficerTrustee | 2 | $0 |
Darlene Donovan Vice Chair | OfficerTrustee | 2 | $0 |
Marsh Campbell Secretary | OfficerTrustee | 2 | $0 |
Dana L Pointer Board Development Chair | OfficerTrustee | 2 | $0 |
Paul Blanchard Finance Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,661 |
| Related organizations | $0 |
| Government grants | $119,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $624,969 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,735 |
| Total Program Service Revenue | $0 |
| Investment income | $34,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $34,725 |
| Net Income from Fundraising Events | -$7,530 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,097 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $143,877 |
| Compensation of current officers, directors, key employees. | $43,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $425,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,247 |
| Payroll taxes | $42,654 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,853 |
| Fees for services: Other | $0 |
| Advertising and promotion | $27,299 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,754 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,237 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $53,744 |
| All other expenses | $15,152 |
| Total functional expenses | $957,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,062 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $92,097 |
| 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 | $21,306 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,033,231 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,702,696 |
| Accounts payable and accrued expenses | $110,804 |
| 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 | $319,864 |
| Total liabilities | $430,668 |
| Net assets without donor restrictions | $1,256,882 |
| Net assets with donor restrictions | $15,146 |
| 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 | $1,702,696 |