Twin Cities Rise
- Assets
- $4.3m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 44
- Location
- Minneapolis, MN
- Founding
- 12/1994
- Data as of
- 09/2023
- EIN
- 41-1761118
Organization Overview
Twin Cities Rise, operating under the name Twin Cities RSE, is located in Minneapolis, MN. The organization was established in 1994. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 09/2023, Twin Cities RSE employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Cities RSE 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 09/2023, Twin Cities RSE generated $4.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $4.1m during the year ending 09/2023. 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
TWIN CITIES R!SE (TCR) MISSION IS TO TRANSFORM THE LIVES OF THOSE IMPACTED BY RACIAL OR SOCIOECONOMIC BARRIERS THROUGH PERSONAL EMPOWERMENT, CAREER TRAINING, AND PERSONAL EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IT WAS A SUCCESSFUL YEAR FOR TWIN CITIES R!SE. ONE MAJOR ACCOMPLISHMENT WAS THE COMPLETION OF THE FIVE-YEAR STRATEGIC PLAN FOCUSING ON CONTINUED MISSION IMPACT, ORGANIZATIONAL SUSTAINABILITY, AND ACCELERATED GROWTH. THIS YEAR WE SET A HISTORIC RECORD IN SERVING OVER 1,000 INDIVIDUALS WITHIN THE EMPOWERMENT INSTITUTE AND ACHIEVING INCREASED EARNED REVENUE FOR THE ORGANIZATION. WE ALSO REPORTED OUR HIGHEST LEVEL OF TOTAL EMPLOYMENT OUTCOMES WITH THE HIGHEST EVER NUMBER OF 'PAY FOR PERFORMANCE' JOB PLACEMENT AND RETENTION OUTCOMES FOR OUR PARTICIPANTS. TWIN CITIES R!SE PROVIDES WORKFORCE DEVELOPMENT AND EMPOWERMENT TRAINING DESIGNED FOR THOSE FACING THE MOST BARRIERS TO LONG-TERM EMPLOYMENT IN THEIR JOURNEY TOWARD FINANCIAL INDEPENDENCE. OUR GOAL IS FOR OUR PARTICIPANTS TO BECOME EMPOWERED AND EMPLOYED.
TWIN CITIES R!SE PROVIDES PERSONAL EMPOWERMENT CURRICULUM TO PARTNER ORGANIZATIONS THROUGH ITS EMPOWERMENT INSTITUTE. WE WORK WITH LOCAL AND NATIONAL ORGANIZATIONS THAT ARE INTERESTED IN PERSONAL EMPOWERMENT AND ITS POTENTIAL TO IMPROVE OUTCOMES FOR THEIR OWN CLIENTELE. TCR'S SIGNATURE PERSONAL EMPOWERMENT CURRICULUM FOCUSES ON EMOTIONAL INTELLIGENCE AND PERSONAL DEVELOPMENT. IT RECOGNIZES THAT IN ADDITION TO JOB SKILLS, PARTICIPANTS NEED TO BELIEVE IN THEIR SELF-WORTH, MANAGE EMOTIONS, BE INITIATIVE-TAKING PROBLEM SOLVERS, AND EMBRACE PERSONAL RESPONSIBILITY FOR LONG-TERM SUCCESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Merritt VP Of Programs | Officer | 40 | $151,743 |
Alice Emma Corrie President/ceo | OfficerTrustee | 40 | $130,258 |
Jacquelyn Carpenter VP Of Business Development | Officer | 40 | $133,340 |
Donzel Leggett Chair | OfficerTrustee | 2 | $0 |
Morris Goodwin Jr Vice Chair | OfficerTrustee | 2 | $0 |
Wayne Gray Co-Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $306,950 |
| Related organizations | $0 |
| Government grants | $251,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,440,586 |
| Noncash contributions included in lines 1a–1f | $10,676 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,998,603 |
| Total Program Service Revenue | $1,043,306 |
| Investment income | $80,762 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$24,116 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,099,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $298,962 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $586,571 |
| Compensation of current officers, directors, key employees. | $84,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,608,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $254,996 |
| Payroll taxes | $149,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $154,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,291 |
| Advertising and promotion | $134,070 |
| Office expenses | $82,856 |
| Information technology | $37,810 |
| Royalties | $0 |
| Occupancy | $213,396 |
| Travel | $13,994 |
| 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 | $91,456 |
| Insurance | $27,508 |
| All other expenses | $13,263 |
| Total functional expenses | $4,050,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230,938 |
| Savings and temporary cash investments | $2,515,799 |
| Pledges and grants receivable | $547,507 |
| Accounts receivable, net | $568,227 |
| 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 | $197,840 |
| Net Land, buildings, and equipment | $36,828 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $69,185 |
| Other assets | $102,163 |
| Total assets | $4,268,487 |
| Accounts payable and accrued expenses | $219,745 |
| Grants payable | $0 |
| Deferred revenue | $347,891 |
| 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 | $104,938 |
| Total liabilities | $672,574 |
| Net assets without donor restrictions | $1,824,138 |
| Net assets with donor restrictions | $1,771,775 |
| 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 | $4,268,487 |