Raise Funds Inc
- Assets
- $236.5k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cypress, CA
- Founding
- Data as of
- 12/2023
- EIN
- 92-0494413
Organization Overview
Raise Funds Inc is located in Cypress, CA. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raise Funds Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NON-PROFIT IS DEDICATED TO EASING THE FINANCIAL & ECONOMIC BURDENS FOR INTERNATIONAL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL & OCCUPANCY ASSISTANCE
COLLEGE TUITION & GRANTS ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivek Sharma CEO | Officer | 70 | $129,235 |
Lavesh Rawal Treasurer | Officer | 70 | $92,630 |
Dung My Kim Secretary | Trustee | 40 | $21,530 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,953,855 |
| Investment income | $2,511 |
| 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 | $1,956,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,056 |
| Grants and other assistance to domestic individuals. | $32,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $243,395 |
| Compensation of current officers, directors, key employees. | $243,395 |
| 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 | $12,621 |
| Fees for services: Legal | $1,311 |
| Fees for services: Accounting | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,503 |
| Office expenses | $27,743 |
| Information technology | $5,451 |
| Royalties | $0 |
| Occupancy | $1,240,422 |
| Travel | $60,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,062 |
| Insurance | $3,019 |
| All other expenses | $914 |
| Total functional expenses | $1,736,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,691 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $30,000 |
| 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 | $1,154 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $98,649 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $236,494 |
| Accounts payable and accrued expenses | $6,752 |
| 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 | $6,752 |
| Net assets without donor restrictions | $0 |
| 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 | $229,742 |
| Total liabilities and net assets/fund balances | $236,494 |
Grants Awarded
Over the last fiscal year, Raise Funds Inc has awarded $40,605 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CAMPBELLSVILLE UNIVERSITY | | | $11,578 |
SAN FRANCISCO STATE UNIVERSITY | | | $8,744 |
STEVENS INSTITUTE OF TECHNOLOGY | | | $10,908 |
SAINT PETER'S UNIVERSITY | | | $9,375 |