Form 990 for tax year 2023
Filed by REGIONAL INNOVATION AND STARTUP EDUCATION INC.
Totals
- Total revenue
- $1,056,878
- Total expenses
- $963,594
- Contributions and grants received
- $738,075
- Grants paid
- $5,165
- Program service revenue
- $341,840
- Investment income
- $2,184
- Other revenue
- -$25,221
- Total assets, end of year
- $390,478
- Total liabilities, end of year
- $21,184
- Net assets or fund balances, end of year
- $369,294
- Program services expenses (Part IX)
- $963,594
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $963,594
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.
-
1c · Fundraising events
$13,250
-
1e · Government grants (contributions)
$261,332
-
1f · All other contributions, gifts and grants
$463,493
-
2a · Program service revenue: COLLEGE & COMMUNITY
total $266,800 · related or exempt $266,800
-
2b · Program service revenue: SERVICE REVENUE
total $36,890 · related or exempt $36,890
-
2c · Program service revenue: CURRICULUM
total $26,500 · related or exempt $26,500
-
2d · Program service revenue: STARTUP MOXIE
total $11,650 · related or exempt $11,650
-
3 · Investment income
total $2,184 · excluded $2,184
-
8a · Fundraising events: gross income
$1,597
-
8a · Fundraising events: contributions included on line 1c
$13,250
-
8b · Fundraising events: direct expenses
$35,907
-
8c · Net income from fundraising events
total -$34,310 · excluded -$34,310
-
11a · Other revenue: MISCELLANEOUS INCOME
total $9,089 · related or exempt $9,089
-
11e · Other revenue, total
$9,089
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $165 · program services $165
-
2 · Grants to domestic individuals
total $5,000 · program services $5,000
-
5 · Compensation of officers, directors and key employees
total $195,919 · program services $195,919
-
7 · Other salaries and wages
total $432,780 · program services $432,780
-
8 · Pension plan contributions
total $11,987 · program services $11,987
-
9 · Other employee benefits
total $45,622 · program services $45,622
-
10 · Payroll taxes
total $47,669 · program services $47,669
-
11b · Fees: legal
total $32,426 · program services $32,426
-
11c · Fees: accounting
total $1,675 · program services $1,675
-
11g · Fees: other
total $56,757 · program services $56,757
-
12 · Advertising and promotion
total $7,125 · program services $7,125
-
13 · Office expenses
total $20,295 · program services $20,295
-
14 · Information technology
total $33,183 · program services $33,183
-
16 · Occupancy
total $20,801 · program services $20,801
-
17 · Travel
total $14,029 · program services $14,029
-
19 · Conferences, conventions and meetings
total $8,587 · program services $8,587
-
23 · Insurance
total $7,121 · program services $7,121
-
24a · Other expenses: STUDENT SUPPORT
total $19,361 · program services $19,361
-
24b · Other expenses: MISC EXPENSES
total $3,092 · program services $3,092
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $34,462 · end of year -$3,874
-
2 · Savings and temporary cash investments
beginning of year $199,860 · end of year $75,638
-
4 · Accounts receivable
beginning of year $154,361 · end of year $279,925
-
9 · Prepaid expenses and deferred charges
beginning of year $10,202 · end of year $37,001
-
15 · Other assets
beginning of year $1,788 · end of year $1,788
-
17 · Accounts payable and accrued expenses
beginning of year $114,864 · end of year $21,184
-
27 · Net assets without donor restrictions
beginning of year $285,809 · end of year $369,294
Mission and programs · 2023
Mission
REVOLUTIONIZE ENTREPRENEURSHIP EDUCATION TO RADICALLY TRANSFORM LIVES.
Activities or mission (Part I)
THE RISE 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.
-
RISE IS COMMITTED TO FURTHER DEVELOPMENT AND ENHANCEMENT TO THE REGIONAL AND STATEWIDE ENTREPRENEURIAL ECOSYSTEM. RISE HAS DESIGNED ACCREDITED PROGRAMS COMMITTED TO ENTREPRENEURIAL EDUCATION AND PROVIDE THE ESSENTIAL FRAMEWORK AND SKILLS FOR STUDENTS AND ADULTS OF ALL AGES TO FURTHER EXPLORE AND DEVELOP THEIR ENTREPRENEURIAL ASPIRATIONS AND PURSUITS.
Expenses $869,311 · Revenue $328,750
-
STARTUP MOXIE, A FLAGSHIP RISE PROGRAM FOR HIGH SCHOOL STUDENTS IN THE SOUTH BEND-ELKHART REGION, EMPOWERS STUDENTS TO DEVELOP ENTREPRENEURIAL SKILLS, DISCOVER PERSONAL PASSIONS, AND BUILD MEANINGFUL COMMUNITY CONNECTIONS. THE YEAR-LONG, DUAL COLLEGE CREDIT PROGRAM OFFERS STUDENTS A HANDS-ON IMMERSIVE EXPERIENCE TO DEVELOP AN ENTREPRENEURIAL MINDSET AND SKILLS TO CREATE AND LAUNCH THEIR OWN BUSINESS STARTUPS.
Expenses $94,283 · Revenue $11,650
-
Grants $5,165 · Revenue $10,529
As filed on the 2023 return.
Listed in Part VII
-
IRIS HAMMEL
EXECUTIVE DIRECTOR
- Total calculated
- $188,647
- From this org
- $170,207
- From related orgs
- $0
- Other
- $18,440
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $170,207
- Bonus
- $0
- Other
- $0
- Deferred
- $5,280
- Nontaxable benefits
- $13,160
- Filer's total
- $188,647
-
EDGAR CABELLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LEX DENNIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MAGGIE KING
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ISAAC TORRES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DAN FANGMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CHARLES LOESER
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
LAWRENCE GARATONI
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511259349300711
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