Rise Opportunity Foundation
- Assets
- $472.8k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-4212779
Organization Overview
Rise Opportunity Foundation is located in Chicago, IL. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rise Opportunity Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMMING, WORKSHOPS, DIRECT ENGAGEMENT AND MENTORSHIP FOR UNDERREPRESENTED HIGH SCHOOL AND COLLEGE STUDENTS FOR BOTH ACADEMIC AND CAREER DEVELOPMENT AIMED AT INSURANCE INDUSTRY CAREERS WITH THE GOAL OF PROMOTING RACIAL AND ECONOMIC DIVERSITY AND PROVIDING PROFESSIONAL AND EDUCATIONAL OPPORTUNITIES FOR THOSE STUDENTS .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director/chairman | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Name Not Listed President/ceo | 40 | $197,280 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,016 |
| Other employee salaries and wages | $127,752 |
| Pension plans, employee benefits | $36,103 |
| Interest | $0 |
| Taxes | $253 |
| Depreciation | $1,094 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $13,500 |
| Printing and publications | $0 |
| Other expenses | $30,579 |
| Total operating and administrative expenses | $564,232 |
| Contributions, gifts, grants paid | $500,000 |
| Total expenses and disbursements | $1,064,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $469,035 |
| 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 | $3,771 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $472,806 |
| 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, Rise Opportunity Foundation has awarded $525,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FISK UNIVERSITY PURPOSE: GENERAL SUPPORT | $500,000 |
SPENCER EDUCATIONAL FOUNDATION INC PURPOSE: GENERAL SUPPORT | $25,000 |