Rise Ltd
- Assets
- $5.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 61
- Location
- Elkader, IA
- Founding
- 05/1981
- Data as of
- 06/2022
- EIN
- 42-1148364
Organization Overview
Rise Ltd is located in Elkader, IA. The organization was established in 1981. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2022, Rise Ltd employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Ltd 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 06/2022, Rise Ltd generated $3.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $2.9m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENCOURAGE INDEPENDENCE THROUGH THE PROVISION OF RESIDENTIAL AND DAY PROGRAM SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISE LTD. PROVIDED SUPPORTED COMMUNITY LIVING SKILLS TO 72 INDIVIDUALS WITH INTELLECTUAL DISABILITIES, BRAIN INJURY, AND MENTAL ILLNESS. IN ADDITION, THE ORGANIZATION HAS THREE GROUP HOMES WITH A TOTAL OF 20 BEDS AVAILABLE, AND TWO APARTMENT COMPLEXES WITH A TOTAL OF 13 LIVING UNITS. THE ORGANIZATION ALSO PROVIDED DAY HABILITATION SERVICES TO 57 INDIVIDUALS WITH INTELLECTUAL DISABILITIES AND MENTAL ILLNESS. THIS PROGRAM IS CARF ACCREDITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Pensel Executive Director | Officer | 39 | $82,108 |
Allan Nelson Chair | OfficerTrustee | 1 | $0 |
Robert Hankey Vice Chair | OfficerTrustee | 1 | $0 |
Steve Bunn Director | Trustee | 1 | $0 |
Audie Baumgartner Director (through March 2022) | Trustee | 1 | $0 |
Jade Beck Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,247 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $382,874 |
| Total Program Service Revenue | $2,999,194 |
| Investment income | $13,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $85,348 |
| Net Gain/Loss on Asset Sales | $57,746 |
| Net Income from Fundraising Events | $252 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,538,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $450 |
| 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. | $109,531 |
| Compensation of current officers, directors, key employees. | $109,531 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,653,196 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $235,321 |
| Payroll taxes | $159,546 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,586 |
| Fees for services: Accounting | $22,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,200 |
| Advertising and promotion | $0 |
| Office expenses | $153,130 |
| Information technology | $240 |
| Royalties | $0 |
| Occupancy | $175,039 |
| Travel | $72,586 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,566 |
| Insurance | $32,183 |
| All other expenses | $3,236 |
| Total functional expenses | $2,875,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,499,233 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $613,235 |
| 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 | $1,398 |
| Net Land, buildings, and equipment | $2,459,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,812 |
| Total assets | $5,607,993 |
| Accounts payable and accrued expenses | $140,699 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,604 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $86,598 |
| Other liabilities | $3,548 |
| Total liabilities | $247,449 |
| Net assets without donor restrictions | $5,360,544 |
| Net assets with donor restrictions | $0 |
| 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 | $5,607,993 |
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