Totals
- Total revenue
- $375,441
- Total expenses
- $285,798
- Contributions and grants received
- $226,918
- Grants paid
- $5,000
- Program service revenue
- $142,800
- Investment income
- $5,503
- Other revenue
- $220
- Total assets, end of year
- $635,798
- Total liabilities, end of year
- $252
- Net assets or fund balances, end of year
- $635,546
- Program services expenses (Part IX)
- $234,928
- Management and general expenses
- $42,670
- Fundraising expenses
- $8,200
- Program service expenses (Part III)
- $234,928
Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$9,596
-
1f · All other contributions, gifts and grants
$217,322
-
2a · Program service revenue: Program Service Revenue
total $142,800 · related or exempt $142,800 · unrelated business $0 · excluded $0
-
3 · Investment income
total $5,503 · related or exempt $0 · unrelated business $0 · excluded $5,503
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Income
total $220 · related or exempt $0 · unrelated business $0 · excluded $220
-
11e · Other revenue, total
$220
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $135,778 · program services $117,359 · management and general $13,975 · fundraising $4,444
-
7 · Other salaries and wages
total $77,014 · program services $66,567 · management and general $7,926 · fundraising $2,521
-
8 · Pension plan contributions
total $3,131 · program services $2,706 · management and general $322 · fundraising $103
-
9 · Other employee benefits
total $946 · program services $817 · management and general $98 · fundraising $31
-
10 · Payroll taxes
total $14,695 · program services $12,702 · management and general $1,512 · fundraising $481
-
11c · Fees: accounting
total $11,880 · program services $0 · management and general $11,880 · fundraising $0
-
11g · Fees: other
total $11,448 · program services $7,608 · management and general $3,840 · fundraising $0
-
12 · Advertising and promotion
total $6,634 · program services $6,216 · management and general $238 · fundraising $180
-
13 · Office expenses
total $11,250 · program services $10,217 · management and general $791 · fundraising $242
-
14 · Information technology
total $3,224 · program services $2,185 · management and general $841 · fundraising $198
-
17 · Travel
total $674 · program services $674 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $3,309 · program services $2,877 · management and general $432 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $815 · program services $0 · management and general $815 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $81,287 · end of year $362,891
-
2 · Savings and temporary cash investments
beginning of year $452,025 · end of year $261,109
-
3 · Pledges and grants receivable
beginning of year $2,500 · end of year $4,520
-
4 · Accounts receivable
beginning of year $2,500 · end of year $6,000
-
9 · Prepaid expenses and deferred charges
beginning of year $824 · end of year $508
-
10a · Land, buildings and equipment: cost or other basis
$4,029
-
10b · Land, buildings and equipment: accumulated depreciation
$3,259
-
10c · Land, buildings and equipment, net
beginning of year $770 · end of year $770
-
15 · Other assets
beginning of year $6,980
-
17 · Accounts payable and accrued expenses
beginning of year $983 · end of year $252
-
27 · Net assets without donor restrictions
beginning of year $483,961 · end of year $632,546
Mission and programs · 2022
Mission
RAISETexasadvancesequitablepoliciesandprogramsthatfosterfinancialsecurityandeconomicmobilityforlow-andmoderate-incomeTexans.Weequip,innovateandadvocatetoreducedisparities,removebarriersandbuildopportunitiesforTexanstobefinanciallysecure.
Activities or mission (Part I)
RAISE Texas advances equitable policies and programs that foster financial security and economic mobility for low- and moderate-income Texans. We equip, innovate and advocate to reduce disparities, remove barriers and build opportunities for Texans to be financially secure.
-
RAISE Texas equips nonprofits and community leaders with innovative pilot programs, training, convenings, and resources to improve financial health across Texas. In 2022, we worked with Children's Savings Account programs and Volunteer Income Tax Assistance (VITA) programs across the state to streamline operations, expand services, and increase access. We provided 16 training courses for the asset-building field and had 909 participants, with 100% reporting that they will use the financial information and best practices shared and 93% rating the sessions as Exceeding Expectations. We also offered 29 AFCPE scholarships for the professional development of financial coaches and counselors.
Expenses $234,928 · Grants $5,000 · Revenue $142,800
As filed on the 2022 return.
Listed in Part VII
-
Julian Huerta
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Roy Lopez
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Phyllis Young
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Ann Baddour
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kseniya Benderskaya
Director
- Total calculated
- $0
- Hours/week
- 1
-
JoAnn B DePenning
Director
- Total calculated
- $0
- Hours/week
- 1
-
Zoraima Diaz Pineda
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shari Flynn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Annika Little
Director
- Total calculated
- $0
- Hours/week
- 1
-
Levar Martin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vivian Ong
Director
- Total calculated
- $0
- Hours/week
- 1
-
Yvette Ruiz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tina Tran
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Colvin
Executive Director
- Total calculated
- $135,779
- From this org
- $115,000
- From related orgs
- $0
- Other
- $20,779
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$5,000
Support year-round free tax assistance
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332919349300008
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