Rise Education Fund
- Assets
- $475.0k
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Sherman Oaks, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-3954465
Organization Overview
Rise Education Fund is located in Sherman Oaks, CA. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Rise Education Fund 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, Rise Education Fund generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 33.3% per year over the past 3 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.
Since 2020, Rise Education Fund has awarded 11 individual grants totaling $4,393,133. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING STUDENTS' POLITICAL POWER TO ENSURE THE COST OF HIGHER EDUCATION NEVER PREVENTS STUDENTS FROM PURSUING THEIR DREAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT CIVIC PARTICIPATION:IN 2022, RISE EDUCATION FUND CONTINUED GROWING ITS STUDENT CIVIC ENGAGEMENT PROGRAM BY MOBILIZING STUDENTS ACROSS THE COUNTRY TO THE POLLS TO BUILD POLITICAL POWER. RISE ALSO EXPANDED ITS BLACK THE VOTE PROGRAM - A TRAINING PROGRAM AND PATHWAY FOR BLACK COLLEGE STUDENTS TO EMBRACE THEIR POWER AND LEAD TRANSFORMATIONAL CHANGE ON THEIR CAMPUSES AND IN THEIR COMMUNITIES. RISE RECRUITED AN ADDITIONAL 1,000 BLACK STUDENTS WHO LEARNED HOW TO FIGHT VOTER SUPPRESSION AND MOBILIZE THEIR PEERS TO THE POLLS.
FREE COLLEGE ADVOCACY:RISE EDUCATION FUND RECRUITED AND TRAINED STUDENTS TO LEAD STATE-WIDE CAMPAIGNS ADVOCATING FOR THE EXPANSION OF EXISTING FREE COLLEGE PROGRAMS. ACTIVITIES INCLUDED SHARING STUDENT STORIES, COLLECTING PETITION SIGNATURES, AND MEETING WITH LAWMAKERS IN VARIOUS STATE CAPITOLS.
DIRECT STUDENT SUPPORT:RISE EDUCATION FUND INVESTED IN THE STUDENT NAVIGATOR NETWORK, A PEER-TO-PEER CASE MANAGEMENT PROGRAM, AND ESTABLISHED STUDENT NAVIGATOR NETWORKS ON COLLEGE CAMPUSES ACROSS THE COUNTRY. RISE BUILT PARTNERSHIPS WITH HIGHER EDUCATION ADMINISTRATORS TO DEVELOP THE TRUST AND SUPPORT NEEDED TO WORK WITH RISE TO INSTITUTIONALIZE THIS WORK, ULTIMATELY HIRING AND TRAINING STUDENT NAVIGATORS TO CONNECT PEERS EXPERIENCING BASIC NEEDS INSECURITY WITH LOCAL RESOURCES AND PUBLIC BENEFITS ON THEIR OWN CAMPUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maxwell Lubin CEO | OfficerTrustee | 1 | $0 |
Elizabeth Conn COO | OfficerTrustee | 1 | $0 |
Emelia Martinez Director | Trustee | 1 | $0 |
Mary-Pat Hector Director | Trustee | 1 | $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 | $2,986,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,986,515 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $2,986,520 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,620,000 |
| Grants and other assistance to domestic individuals. | $4,811 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,600 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,000 |
| Advertising and promotion | $54,435 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $4,719 |
| Total functional expenses | $3,063,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $474,950 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $474,950 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $474,950 |
| 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 | $474,950 |
Grants Awarded
Over the last fiscal year, Rise Education Fund has awarded $2,610,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AGUILA YOUTH LEADERSHIP INST PURPOSE: SUPPORT AZ STUDENTS ASSOCIATION | $25,000 |
RISE INC PURPOSE: FUND PROGRAM RELATED SERVICES | $2,425,000 |
SELMA CENTER FOR NONVIOLENCE PURPOSE: SPONSOR THE SELMA BRIDGE CROSSING | $10,000 |
YOUNG INVICIBLES PURPOSE: GRANT - SUPPORT STUDENT LOAN RELIEF | $150,000 |