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Nonprofiteer
← WORTH RISES INC

Form 990 for tax year 2022

Filed by WORTH RISES INC.

Totals

Total revenue
$2,383,721
Total expenses
$1,504,268
Contributions and grants received
$2,319,577
Grants paid
$5,500
Program service revenue
$22,000
Investment income
$41,685
Other revenue
$459
Total assets, end of year
$4,869,655
Total liabilities, end of year
$68,235
Net assets or fund balances, end of year
$4,801,420
Program services expenses (Part IX)
$1,104,462
Management and general expenses
$336,464
Fundraising expenses
$63,342
Program service expenses (Part III)
$1,104,462

Program services were 73.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $2,319,577

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $22,000 · related or exempt $22,000 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $41,579 · related or exempt $0 · unrelated business $0 · excluded $41,579

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $106

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $106

  • 7d · Net gain or loss

    total $106 · related or exempt $106 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11d · All other revenue

    total $459 · related or exempt $459 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $459

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,500 · program services $5,500

  • 5 · Compensation of officers, directors and key employees

    total $380,000 · program services $243,900 · management and general $106,640 · fundraising $29,460

  • 7 · Other salaries and wages

    total $470,911 · program services $428,562 · management and general $29,082 · fundraising $13,267

  • 8 · Pension plan contributions

    total $12,590 · program services $7,409 · management and general $4,727 · fundraising $454

  • 9 · Other employee benefits

    total $84,246 · program services $68,438 · management and general $12,198 · fundraising $3,610

  • 10 · Payroll taxes

    total $64,777 · program services $50,536 · management and general $11,129 · fundraising $3,112

  • 11c · Fees: accounting

    total $40,930 · management and general $40,930

  • 11g · Fees: other

    total $293,361 · program services $215,550 · management and general $71,910 · fundraising $5,901

  • 12 · Advertising and promotion

    total $25,462 · program services $25,462

  • 13 · Office expenses

    total $43,724 · program services $19,582 · management and general $20,650 · fundraising $3,492

  • 14 · Information technology

    total $30,477 · program services $25,497 · management and general $1,811 · fundraising $3,169

  • 16 · Occupancy

    total $9,578 · management and general $9,578

  • 17 · Travel

    total $35,336 · program services $14,026 · management and general $20,433 · fundraising $877

  • 20 · Interest

    total $240 · management and general $240

  • 22 · Depreciation, depletion and amortization

    total $2,943 · management and general $2,943

  • 23 · Insurance

    total $4,193 · management and general $4,193

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $67,367 · end of year $239,212

  • 2 · Savings and temporary cash investments

    beginning of year $2,670,695 · end of year $1,895,294

  • 4 · Accounts receivable

    beginning of year $1,419,047 · end of year $884,173

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,833 · end of year $27,727

  • 10a · Land, buildings and equipment: cost or other basis

    $10,759

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,834

  • 10c · Land, buildings and equipment, net

    beginning of year $1,899 · end of year $6,925

  • 11 · Investments: publicly traded securities

    end of year $1,816,324

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,452 · end of year $68,235

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,761,782 · end of year $3,514,540

  • 28 · Net assets with donor restrictions

    beginning of year $1,373,607 · end of year $1,286,880

Mission and programs · 2022

Mission

TO DISMANTLE THE PRISON INDUSTRY AND END THE EXPLOITATION OF THOSE IT TARGETS.

  • POLICY CAMPAIGNS - WORTH RISES ORGANIZES AND SUPPORTS CAMPAIGNS THAT CHALLENGE THE POLICIES, INSTITUTIONS, AND PEOPLE WHO PROFIT FROM OUR NATION'S CARCERAL CRISIS. WE ENCOURAGE, EMPOWER, AND EQUIP COMMUNITY MEMBERS, ADVOCATES, INVESTORS, ELECTED OFFICIALS, LITIGATORS, AND THE PUBLIC TO JOIN OUR EFFORTS OR LAUNCH THEIR OWN.

    Expenses $362,480

  • CORPORATE CAMPAIGNS - WORTH RISES WORKS TO WEAKEN THE FINANCIAL STABILITY OF THE PRISON INDUSTRY TO DIMINISH ITS POWER OVER POLICY. WE UNDERMINE THE INDUSTRY'S REVENUE SOURCES, INCREASE THE COST OF DOING BUSINESS, REDUCE ACCESS TO CAPITAL, AND DECREASE THE POOL OF INVESTORS.

    Expenses $188,609

  • PUBLIC EDUCATION - WORTH RISES CONDUCTS RESEARCH, COLLECTS DATA, AND PERFORMS ORIGINAL ANALYSES AIMED AT UNMASKING THE HARMS CAUSED BY THE PRISON INDUSTRY. UNDERSTANDING THE MOBILIZING POWER OF KNOWLEDGE, WE TRANSFORM OUR RESEARCH, DATA, AND ANALYSES INTO ACCESSIBLE AND COMPELLING CONTENT ALONGSIDE THE REAL STORIES OF DIRECTLY IMPACTED COMMUNITIES TO INCREASE AWARENESS AND SHIFT THE DISCOURSE AROUND MASS INCARCERATION.

    Expenses $187,948 · Revenue $14,000

  • OTHER PROGRAMS

    Expenses $365,425 · Grants $5,500 · Revenue $8,000

As filed on the 2022 return.

Listed in Part VII

  • BIANCA TYLEK

    EXECUTIVE DIRECTOR

    Total calculated
    $248,847
    From this org
    $237,000
    From related orgs
    $0
    Other
    $11,847
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $67,000
    Other
    $0
    Deferred
    $3,825
    Nontaxable benefits
    $8,022
    Filer's total
    $248,847

  • JAN COMBOPIANO

    CHIEF OPERATING OFFICER

    Total calculated
    $154,944
    From this org
    $141,560
    From related orgs
    $0
    Other
    $13,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,560
    Bonus
    $13,000
    Other
    $0
    Deferred
    $5,362
    Nontaxable benefits
    $8,022
    Filer's total
    $154,944

  • SAM JACOBS

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE DANIEL JONES

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • ANIKA WARREN WOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • FIONA KURZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TAHIR BOYKINS

    BOARD MEMBER

    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

None.

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
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202343049349301519

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