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← FOUNDATION FOR STUDENTS RISING ABOVE

Form 990 for tax year 2022

Filed by FOUNDATION FOR STUDENTS RISING ABOVE.

Totals

Total revenue
$4,179,741
Total expenses
$5,441,420
Contributions and grants received
$4,035,870
Grants paid
$1,086,646
Program service revenue
$136,415
Investment income
$148,325
Other revenue
-$140,869
Total assets, end of year
$9,047,610
Total liabilities, end of year
$85,461
Net assets or fund balances, end of year
$8,962,149
Program services expenses (Part IX)
$4,122,574
Management and general expenses
$722,450
Fundraising expenses
$596,396
Program service expenses (Part III)
$4,122,574

Program services were 75.8% 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

    $456,370

  • 1e · Government grants (contributions)

    $23,886

  • 1f · All other contributions, gifts and grants

    $3,555,614

  • 1g · Noncash contributions included above

    $174,438

  • 2a · Program service revenue: HUB AND SOAR INCOME

    total $136,415 · related or exempt $136,415

  • 3 · Investment income

    total $232,625 · excluded $232,625

  • 7a · Gross sales of assets other than inventory

    securities $2,551,726 · other assets $782

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

    securities $2,636,808 · other assets $0

  • 7c · Gain or loss

    securities -$85,082 · other assets $782

  • 7d · Net gain or loss

    total -$84,300 · excluded -$84,300

  • 8a · Fundraising events: gross income

    $118,125

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

    $456,370

  • 8b · Fundraising events: direct expenses

    $259,994

  • 8c · Net income from fundraising events

    total -$141,869 · excluded -$141,869

  • 11a · Other revenue: OTHER REVENUE

    total $1,000 · excluded $1,000

  • 11e · Other revenue, total

    $1,000

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,086,646 · program services $1,086,646

  • 5 · Compensation of officers, directors and key employees

    total $237,000 · program services $82,950 · management and general $35,550 · fundraising $118,500

  • 7 · Other salaries and wages

    total $3,002,573 · program services $2,282,657 · management and general $388,922 · fundraising $330,994

  • 9 · Other employee benefits

    total $88,186 · program services $67,043 · management and general $10,231 · fundraising $10,912

  • 10 · Payroll taxes

    total $248,981 · program services $184,905 · management and general $31,879 · fundraising $32,197

  • 11c · Fees: accounting

    total $44,286 · management and general $44,286

  • 11e · Fees: professional fundraising services

    total $6,997 · fundraising $6,997

  • 11f · Fees: investment management

    total $28,154 · management and general $28,154

  • 11g · Fees: other

    total $124,472 · program services $70,575 · management and general $48,572 · fundraising $5,325

  • 12 · Advertising and promotion

    total $20,240 · program services $3,299 · management and general $2,838 · fundraising $14,103

  • 13 · Office expenses

    total $111,703 · program services $81,048 · management and general $21,195 · fundraising $9,460

  • 14 · Information technology

    total $219,758 · program services $142,934 · management and general $37,848 · fundraising $38,976

  • 17 · Travel

    total $20,704 · program services $17,286 · management and general $1,769 · fundraising $1,649

  • 19 · Conferences, conventions and meetings

    total $16,448 · program services $14,313 · management and general $1,044 · fundraising $1,091

  • 23 · Insurance

    total $28,962 · program services $18,099 · management and general $7,426 · fundraising $3,437

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $60,466 · program services $830 · management and general $59,343 · fundraising $293

  • 24b · Other expenses: STUDENT PROGRAM EXPENSE

    total $59,820 · program services $59,820

  • 24c · Other expenses: CULTIVATION EVENT

    total $22,142 · fundraising $22,142

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $13,882 · program services $10,169 · management and general $3,393 · fundraising $320

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,659,012 · end of year $2,268,686

  • 3 · Pledges and grants receivable

    beginning of year $613,858 · end of year $296,929

  • 4 · Accounts receivable

    beginning of year $101,184 · end of year $29,083

  • 9 · Prepaid expenses and deferred charges

    beginning of year $247,944 · end of year $114,292

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

    $39,900

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

    $39,900

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $7,147,689 · end of year $6,081,359

  • 15 · Other assets

    beginning of year $233,375 · end of year $257,261

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,903 · end of year $54,018

  • 19 · Deferred revenue

    beginning of year $12,933 · end of year $31,443

  • 27 · Net assets without donor restrictions

    beginning of year $8,471,276 · end of year $8,235,805

  • 28 · Net assets with donor restrictions

    beginning of year $1,404,950 · end of year $726,344

Mission and programs · 2022

Mission

SRA EMPOWERS STUDENTS FACING SYSTEMIC BARRIERS TO DEFINE AND FIND SUCCESS THROUGH THEIR EDUCATION, CAREER, AND IN LIFE. WE ENVISION A WORLD IN WHICH EVERY PERSON CAN ACHIEVE ECONOMIC AND SOCIAL EQUITY. OUR COLLEGE COMPLETION AND WORKFORCE (CONTINUED ON SCHEDULE O) DEVELOPMENT PROGRAMMING HELPS STUDENTS REALIZE THEIR POTENTIAL BY GUIDING AND SUPPORTING THEM THROUGH THEIR SENIOR YEAR OF HIGH SCHOOL, COLLEGE, AND INTO THE WORKFORCE. THIS PROGRAMMING CONSISTS OF THREE PILLARS: A ONE-ON-ONE ADVISING PROGRAM, A TECHNOLOGY-BASED SOCIAL ENTERPRISE TOOL THAT PROVIDES AN ONLINE RESOURCE FOR STUDENTS AND PARTNERS NATIONWIDE, AND A VIRTUAL ADVISING PROGRAM.

Activities or mission (Part I)

SRA EMPOWERS STUDENTS FACING SYSTEMIC BARRIERS TO DEFINE AND FIND SUCCESS THROUGH EDUCATION, CAREER, AND IN LIFE, WITH COLLEGE COMPLETION AND WORKFORCE DEVELOPMENT PROGRAMMING THAT SUPPORTS THEM THROUGH THEIR SENIOR YEAR OF HIGH SCHOOL, COLLEGE, AND INTO THE WORKFORCE.

  • SRA'S COLLEGE COMPLETION AND WORKFORCE DEVELOPMENT PROGRAMMING CONSISTS OF THREE PILLARS: A ONE-ON-ONE ADVISING PROGRAM, A TECHNOLOGY-BASED SOCIAL ENTERPRISE TOOL THAT PROVIDES AN ONLINE RESOURCE FOR STUDENTS AND PARTNERS NATIONWIDE, AND A VIRTUAL ADVISING PROGRAM. SRA'S RISING STARS PROGRAM PROVIDES COMPREHENSIVE ONE-ON-ONE ADVISING AND MENTORING, FINANCIAL ASSISTANCE, MENTAL HEALTH SUPPORT, AND CAREER DEVELOPMENT GUIDANCE TO SUPPORT STUDENTS IN COLLEGE ACCESS, COMPLETION AND WORKPLACE DEVELOPMENT. EXPERIENCED COLLEGE AND CAREER ADVISORS COLLABORATE WITH STUDENTS FROM THEIR FINAL YEAR OF HIGH SCHOOL THROUGH COLLEGE GRADUATION. (CONTINUED ON SCHEDULE O)THE SRA HUB IS A SOCIAL ENTERPRISE TOOL DESIGNED TO LEVERAGE TECHNOLOGY TO REACH SECONDARY AND POST-SECONDARY STUDENTS NATIONWIDE, CREATING TRANSFORMATIVE CHANGE FOR LOW-INCOME, FIRST-GENERATION COLLEGE STUDENTS THROUGH FACILITATING A SENSE OF AGENCY AND SELF-ADVOCACY VITAL TO AN INDIVIDUAL'S SOCIAL AND ECONOMIC CAPITAL. THE SRA HUB PROVIDES PROGRAMS, SERVICES, AND TOOLS TO ENRICH STUDENTS' SKILLS AND CAPACITIES FOR POST-SECONDARY READINESS, COLLEGE COMMITMENT, AND CAREER EXPLORATION. IT ALSO OFFERS AN ALWAYS-AVAILABLE SUPPORTIVE COMMUNITY FOR POST-SECONDARY COACHING AND CAREER DEVELOPMENT THROUGH SELF-GUIDED LEARNING, LIVE WEBINARS, A COMPREHENSIVE LIBRARY OF ARTICLES AND INTERACTIVE TOOLS, AND RESPONSES TO STUDENT QUESTIONS FROM TRAINED COLLEGE AND CAREER ADVISORS.STUDENTS ONLINE ACHIEVING RESULTS ("SOAR") IS SRA'S VIRTUAL ADVISING PROGRAM. SOAR COMBINES THE SCALABILITY OF THE SRA HUB WITH PERSONALIZED GUIDANCE FROM ASSIGNED COLLEGE AND CAREER ADVISORS THROUGH VIRTUAL STUDENT COHORTS AND COORDINATED LESSON PLANS. STUDENTS GAIN PEER SUPPORT AND SKILL DEVELOPMENT THROUGH ENGAGING IN COHORT ACTIVITIES, ADVANCING THEIR KNOWLEDGE BASE AND ENHANCING COLLEGE AND CAREER READINESS WHILE ON THE PATH TOWARDS POST-SECONDARY DEGREES AND CAREER-LADDER JOBS. SOAR PROGRAMMING IS OFFERED TO STUDENTS USING THE TOOLS AND RESOURCES OF THE SRA HUB, BOTH THROUGH COLLABORATIVE PARTNERSHIP AGREEMENTS AND INDEPENDENTLY THROUGH SRA-LED COHORTS.

    Expenses $4,122,574 · Grants $1,086,646 · Revenue $136,415

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Julius Robinson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Carolyn Reiser

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Matthew Houston

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Robert Weis

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Maurice Brewster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diana Campoamor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carlyn Clause

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Diserens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phoenicia Fitts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Kay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kim Laughton

    DIRECTOR (THRU 01/23)

    Total calculated
    $0
    Hours/week
    3

  • Tim McCarthy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anastasia Novozhilova

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephen Parlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Porras

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dipti Sirisinahal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Stock

    DIRECTOR (THRU 07/22)

    Total calculated
    $0
    Hours/week
    1

  • Veronica Toscano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Troutman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Jordan Devaney

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $237,000
    From this org
    $237,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $237,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $237,000

  • Angela Buyayong

    SR. DIRECTOR OF PROGRAM STRATEGY

    Total calculated
    $159,807
    From this org
    $159,807
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,807
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,807

  • Leonard Medlock

    DIRECTOR OF PRODUCT INNOVATION

    Total calculated
    $151,903
    From this org
    $151,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,903
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $151,903

  • Laura Cashion

    DIRECTOR OF FINANCE

    Total calculated
    $130,483
    From this org
    $130,483
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • William Mock

    DIRECTOR OF PARTNERSHIPS & SOCIAL ENTERPRISE

    Total calculated
    $119,280
    From this org
    $119,280
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Aliza Heslop

    DIRECTOR OF PEOPLE

    Total calculated
    $106,432
    From this org
    $106,432
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202431159349300723

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