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Nonprofiteer
← RIDEBACK RISE INC

Form 990 for tax year 2022

Filed by RIDEBACK RISE INC.

Totals

Total revenue
$3,049,003
Total expenses
$63
Contributions and grants received
$3,049,003
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,048,940
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,048,940
Program services expenses (Part IX)
$0
Management and general expenses
$63
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 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

    $3,049,003

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: BANK FEES

    total $63 · program services $0 · management and general $63 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $2,698,940

  • 4 · Accounts receivable

    end of year $350,000

  • 25 · Other liabilities

    end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $2,658,940

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $390,000

Mission and programs · 2022

Mission

TO EMPOWER BIPOC CREATORS, ARTISTS, AND ENTREPRENEURS TO MAKE POPULAR ENTERTAINMENT THAT REFLECTS OUR MULTICULTURAL SOCIETY SO WE CAN HELP IMPROVE RACIAL EQUITY IN AMERICA. WE'RE CREATING A SYSTEM OF CHANGE DESIGNED TO RESHAPE MAJORITY OPINIONS BY ENSURING THAT CREATORS OF ALL BACKGROUNDS CAN TELL THEIR STORIES AND SEE THEMSELVES IN POPULAR CULTURE.

  • RIDEBACK RISE FELLOWSHIP - THE RISE FELLOWSHIP AND RESIDENCY IS COMPRISED OF A DIVERSE GROUP OF FILMMAKERS WHO ARE SUPPORTED THROUGH COACHING AND TRAINING TO PROGRESS THEIR PROJECT OVER AN INITIAL 12-MONTH PERIOD. OUR GOAL IS THAT EACH COHORT OF FELLOWS YIELDS PROJECTS THAT ARE OF THE HIGHEST QUALITY POSSIBLE AND DEMONSTRATE COMMERCIAL APPEAL SO THEY CAN BECOME THE MAINSTREAM ENTERTAINMENT THAT WE AIM TO SUPPORT CREATORS IN MAKING. THE EXPENSES AND THE REVENUE ARE 0 BECAUSE ALL FUNDS SPENT IN 2022 WERE OUT OF OUR FISCAL SPONSOR - WRITERS GUILD FOUNDATION, WHICH HOUSED RIDEBACK RISE'S GRANT FUNDING WHILE WE AWAITED ALL OF OUR LEGAL PAPERWORK AS A 501(C)3. AS OF 2023, RIDEBACK RISE NO LONGER REQUIRES THE FISCAL SPONSORSHIP OF THE WRITERS GUILD FOUNDATION.

As filed on the 2022 return.

Listed in Part VII

  • DAN LIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • MICHAEL LOFASO

    TREASURER

    Total calculated
    $0
    Hours/week
    15

  • ALICE RHEE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRICKSON DIAMOND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • STRAUSS ZELNICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANDREA CHERNG

    BOARD MEMBER

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349305795

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