Totals
- Total revenue
- $45,346
- Total expenses
- $8,680
- Contributions and grants received
- $30,953
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $14,393
- Total assets, end of year
- $55,611
- Total liabilities, end of year
- $14,512
- Net assets or fund balances, end of year
- $41,099
- Program services expenses (Part IX)
- $5,348
- Management and general expenses
- $1,666
- Fundraising expenses
- $1,666
- Program service expenses (Part III)
- $5,348
Program services were 61.6% 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
$6,850
-
1f · All other contributions, gifts and grants
$24,103
-
8a · Fundraising events: gross income
$31,297
-
8b · Fundraising events: direct expenses
$16,904
-
8c · Net income from fundraising events
total $14,393 · excluded $14,393
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $900 · management and general $450 · fundraising $450
-
12 · Advertising and promotion
total $1,650 · management and general $825 · fundraising $825
-
13 · Office expenses
total $782 · management and general $391 · fundraising $391
-
24a · Other expenses: RISING CEO'S
total $5,348 · program services $5,348
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $55,611
-
17 · Accounts payable and accrued expenses
end of year $14,512
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $41,099
Mission and programs · 2022
Mission
TO CONNECT, EMPOWER, AND ELAVATE UNDERREPRESENTED ENTREPRENEURS.
-
THE RISING CEOS PROGRAM IS DESIGNED TO CREATE OPPORTUNITIES FOR TEENS IN AT-RISK POPULATIONS IN BLACK AND BROWN, IMMIGRANT AND REFUGEE COMMUNITIES TO INSPIRE AND FEED THE PIPELINE OF FUTURE MINORITY ENTREPRENEURS. IN THE TEN-WEEK PROGRAM, PARTICIPANTS WILL PARTICIPATE IN WORKSHOPS LEAD BY LOCAL BUSINESS LEADERS PAIRED UP WITH A K-12 TEACHER, CREATE A BUSINESS PLAN, AND COMPETE IN A BUSINESS PITCH COMPETITION TO WIN FUNDING OF $500 FOR THEIR IDEA. THE CULMINATION OF THE PROGRAM WILL BE THE ANNUAL RISING CEOS SUMMIT.
Expenses $5,348
As filed on the 2022 return.
Listed in Part VII
-
Karine SokpohKARINE SOKPOH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Judith MartinJUDITH MARTIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Randy DillonRANDY DILLON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · NE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 23 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312979349302126
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