Rising Foundation Inc
- Assets
- $0.0
- Revenue
- $71.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Spring Grove, IL
- Founding
- 12/1994
- Data as of
- 12/2022
- EIN
- 56-1896083
Organization Overview
Rising Foundation Inc is located in Spring Grove, IL. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rising Foundation 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 12/2022, Rising Foundation Inc generated $71.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $189.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Mary Rising Secretary | 0 | $20,000 | |
Katherine Rising Daniell Vice President | 0 | $20,000 | |
Walter Austin Rising President | 0 | $22,082 | |
Scott Taylor Director | 0 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $65,492 |
| Capital Gain Net Income | $65,492 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $71,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $82,082 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,774 |
| Total operating and administrative expenses | $189,736 |
| Contributions, gifts, grants paid | $50 |
| Total expenses and disbursements | $189,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rising Foundation Inc has awarded $7,275 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
FUSION ACADEMY PURPOSE: GENERAL DONATION | $143 |
PACIFIC WHALE FOUNDATION (EIN 99-0207417) PURPOSE: GENERAL DONATION | $100 |
AMERICAN CANCER SOCIETY (EIN 13-1788491) PURPOSE: GENERAL DONATION | $100 |
TUNNEL TO TOWERS (EIN 02-0554654) PURPOSE: GENERAL DONATION | $1,123 |
SPECIAL EDUCATION DEPARTMENT OF LAKE COUNTY PURPOSE: GENERAL DONATION | $598 |
TUNNEL FOR TOWERS (EIN 02-0554654) PURPOSE: GENERAL DONATION | $537 |