Connecticut Rise Network Inc
- Assets
- $5.1m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 43
- Location
- New Haven, CT
- Founding
- 02/2017
- Data as of
- 06/2022
- EIN
- 81-4104274
Organization Overview
Connecticut Rise Network Inc, operating under the name Rise Network, is located in New Haven, CT. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2022, Rise Network employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Network 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 Network generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 73.1% each year . All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 79.2% per year over the past 6 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
CONNECTICUT RISE NETWORK, INC'S MISSION IS TO ENSURE ALL STUDENTS GRADUATE WITH A PLAN AND THE SKILLS AND CONFIDENCE TO ACHIEVE COLLEGE AND CAREER SUCCESS. RISE PARTNERS WITH CONNECTICUT PUBLIC HIGH SCHOOLS TO LEAD STATEWIDE NETWORKS WHERE SCHOOL COMMUNITIES WORK TOGETHER TO USE DATA TO LEARN AND IMPROVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RISE PARTNERS WITH NINE HIGH SCHOOLS AND EIGHT DISTRICTS, SERVING OVER 13,000 STUDENTS IN HISTORICALLY MARGINALIZED COMMUNITIES. RISE HIGH SCHOOLS WORK TOGETHER TO ENSURE ALL STUDENTS EXPERIENCE SUCCESS AS THEY TRANSITION TO, THROUGH, AND BEYOND HIGH SCHOOL BY USING DATA TO PINPOINT NEEDS, FORM HYPOTHESES, AND PURSUE IDEAS TO ADVANCE STUDENT ACHIEVEMENT.PARTNER SCHOOLS HAVE IMPROVED GRADE 9 PROMOTION RATES BY NEARLY 20 PERCENTAGE POINTS, WHILE ALSO DECREASING SUBGROUP GAPS AND INCREASING SCHOOLWIDE GRADUATION AND COLLEGE ACCESS RATES. THE RISE NETWORK WAS HONORED TO RECEIVE THE CARNEGIE FOUNDATION'S ANNUAL SPOTLIGHT ON QUALITY IN CONTINUOUS IMPROVEMENT RECOGNITION. INCREASINGLY, RISE IS PURSUING OPPORTUNITIES TO SCALE ITS IMPACT THROUGH RESEARCH PUBLICATIONS, CONSULTING PARTNERSHIPS, PROFESSIONAL DEVELOPMENT EXPERIENCES, AND OTHER AVENUES TO DRIVE EXCELLENT STUDENT OUTCOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Dalio Chair | OfficerTrustee | 2 | $0 |
Erin Benham Director | Trustee | 0.5 | $0 |
Garth Harries Secretary | OfficerTrustee | 0.5 | $0 |
Indra Nooyi Director | Trustee | 0.5 | $0 |
Natalie Gordon Director | Trustee | 0.5 | $0 |
Rodgers Harper Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,585,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,585,208 |
| Total Program Service Revenue | $387,902 |
| Investment income | $3,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,989,586 |
| 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. | $206,425 |
| Compensation of current officers, directors, key employees. | $41,285 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,874,316 |
| Pension plan accruals and contributions | $112,547 |
| Other employee benefits | $457,196 |
| Payroll taxes | $249,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,892 |
| Fees for services: Accounting | $23,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $314,958 |
| Advertising and promotion | $0 |
| Office expenses | $251,060 |
| Information technology | $161,705 |
| Royalties | $0 |
| Occupancy | $159,412 |
| Travel | $11,009 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $199,063 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,652 |
| Insurance | $15,728 |
| All other expenses | $9,681 |
| Total functional expenses | $5,092,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,019 |
| Savings and temporary cash investments | $4,269,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,300 |
| 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 | $71,046 |
| Net Land, buildings, and equipment | $156,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,079,842 |
| Accounts payable and accrued expenses | $367,846 |
| 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 | $550,124 |
| Total liabilities | $917,970 |
| Net assets without donor restrictions | $4,161,872 |
| 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 | $5,079,842 |