Rightway Foundation
- Assets
- $2.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Los Angeles, CA
- Founding
- 05/2012
- Data as of
- 06/2023
- EIN
- 90-0761009
Organization Overview
Rightway Foundation is located in Los Angeles, CA. The organization was established in 2012. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 06/2023, Rightway Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rightway Foundation 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 06/2023, Rightway Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 41.1% each year . All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 34.1% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A PROPEROUS FUTURE FOR FOSTER YOUTH BY PROVIDING THEM WITH A FOUNDATION OF SUPPORT,GOOD VALUES AND MENTAL HEALTH TREATMENT SOLIDIFIED THROUGH EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD A PROPEROUS FUTURE FOR FOSTER YOUTH BY PROVIDING THEM WITH A FOUNDATION OF SUPPORT,GOOD VALUES AND MENTAL HEALTH TREATMENT SOLIDIFIED THROUGH EMPLOYMENT.
TO BUILD A PROPEROUS FUTURE FOR FOSTER YOUTH BY PROVIDING THEM WITH A FOUNDATION OF SUPPORT,GOOD VALUES AND MENTAL HEALTH TREATMENT SOLIDIFIED THROUGH EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Crews Board President | Trustee | 2 | $0 |
Janet Lee Board Treasurer | Trustee | 2 | $0 |
Jasmine Plummer Board Secretary | Trustee | 2 | $0 |
Stephen Alexander Founder/ceo | Trustee | 2 | $0 |
Wayani Taylor CEO | Trustee | 2 | $0 |
Tammara Anderson Executive Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $509,010 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,379,339 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,888,349 |
| Total Program Service Revenue | $289,048 |
| Investment income | $0 |
| 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 | $2,177,397 |
| 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. | $102,113 |
| Compensation of current officers, directors, key employees. | $13,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $673,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $62,183 |
| Payroll taxes | $53,903 |
| Fees for services: Management | $32,502 |
| Fees for services: Legal | $12,672 |
| Fees for services: Accounting | $53,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,301 |
| Office expenses | $12,952 |
| Information technology | $18,733 |
| Royalties | $0 |
| Occupancy | $82,095 |
| Travel | $12,100 |
| 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 | $6,014 |
| All other expenses | $0 |
| Total functional expenses | $1,805,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,918,946 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $999,779 |
| 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 | $13,123 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $2,932,848 |
| Accounts payable and accrued expenses | $103,485 |
| Grants payable | $0 |
| Deferred revenue | $799,912 |
| 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 | $903,397 |
| Net assets without donor restrictions | $2,029,451 |
| 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 | $2,932,848 |