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Nonprofiteer
← REGIONAL INNOVATION AND STARTUP EDUCATION INC

Form 990 for tax year 2022

Filed by REGIONAL INNOVATION AND STARTUP EDUCATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 13 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$273,772 changed to $900,053
Total expenses
$363,592 changed to $693,853
Contributions and grants received
$95,800 changed to $469,549
Program service revenue
$177,972 changed to $421,410
Investment income
$0 changed to $4,941
Other revenue
$0 changed to $4,153
Total assets, end of year
$370,799 changed to $400,673
Total liabilities, end of year
$291,190 changed to $114,864
Net assets or fund balances, end of year
$79,609 changed to $285,809
Program services expenses
$363,592 changed to $693,853
Program service expenses (Part III)
$363,592 changed to $693,853

Listed only on the earlier return

  • Brian Sittley
  • Charles Loesser
  • Edgar Carbello
  • Jim Larkin

Listed only on the later return

  • Charles Loeser
  • Edgar Cabello

Totals

Total revenue
$273,772
Total expenses
$363,592
Contributions and grants received
$95,800
Grants paid
$0
Program service revenue
$177,972
Investment income
$0
Other revenue
$0
Total assets, end of year
$370,799
Total liabilities, end of year
$291,190
Net assets or fund balances, end of year
$79,609
Program services expenses (Part IX)
$363,592
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$363,592

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $42,000

  • 1f · All other contributions, gifts and grants

    $53,800

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $177,972 · related or exempt $177,972

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $168,993 · program services $168,993

  • 9 · Other employee benefits

    total $21,231 · program services $21,231

  • 10 · Payroll taxes

    total $12,756 · program services $12,756

  • 12 · Advertising and promotion

    total $13,149 · program services $13,149

  • 14 · Information technology

    total $8,740 · program services $8,740

  • 16 · Occupancy

    total $10,733 · program services $10,733

  • 17 · Travel

    total $7,886 · program services $7,886

  • 23 · Insurance

    total $4,358 · program services $4,358

  • 24a · Other expenses: FEES

    total $47,290 · program services $47,290

  • 24b · Other expenses: EVENT EXPENSES

    total $35,468 · program services $35,468

  • 24c · Other expenses: LEGAL FEES

    total $14,271 · program services $14,271

  • 24d · Other expenses: STUDENT SUPPORT

    total $9,330 · program services $9,330

  • 24e · All other expenses

    total $9,387 · program services $9,387

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,258 · end of year $2,995

  • 2 · Savings and temporary cash investments

    beginning of year $286,533 · end of year $313,116

  • 4 · Accounts receivable

    beginning of year $129,478 · end of year $52,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,569

  • 15 · Other assets

    beginning of year $1,788 · end of year $1,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,454 · end of year $141,190

  • 25 · Other liabilities

    beginning of year $216,715 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $168,457 · end of year $79,609

Mission and programs · 2022

Mission

THE R.I.S.E. PROGRAM IS DESIGNED TO MENTOR AND EDUCATE HIGH SCHOOL STUDENTS IN HOW TO BECOME ENTREPRENEURS AND BEGIN THEIR OWN BUSINESSES IN ORDER TO STIMULATE THE LOCAL BUSINESS SECTOR

  • THE R.I.S.E. PROGRAM IS DESIGNED TO MENTOR AND EDUCATE HIGH SCHOOL STUDENTS IN HOW TO BECOME ENTREPRENEURS AND BEGIN THEIR OWN BUSINESSES IN ORDER TO STIMULATE THE LOCAL BUSINESS SECTOR

    Expenses $363,592 · Revenue $177,972

As filed on the 2022 return.

Listed in Part VII

  • Edgar Carbello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Lex Dennis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Maggie King

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Jim Larkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Isaac Torres

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • Dan Fangman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Lawrence Garatoni

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Charles Loesser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Brian Sittley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202331359349309148

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