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Raise Texas

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 262087882 ✦ Austin, TX ✦ Designated as a 501(c)(3)

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Overview

What is Raise Texas?

Raise Texas is a nonprofit organization situated in Austin, Texas. Its primary mission is to empower local nonprofits and community leaders by offering innovative programs, training sessions, and resources. These initiatives aim to enhance financial health across the state. In 2022, Raise Texas collaborated with Children's Savings Account programs and Volunteer Income Tax Assistance (VITA) initiatives, facilitating improvements in operation efficiency, service expansion, and increased accessibility. The organization provided 16 financial literacy courses, with nearly all participants planning to apply the acquired knowledge and strategies. Moreover, Raise Texas awarded 29 scholarships for financial coaches and counselors' professional development. Overall, Raise Texas works towards promoting equitable policies and programs that foster financial security and economic mobility for low- and moderate-income Texans.


Official website here: www.raisetexas.org

Is Raise Texas legitimate?

Raise Texas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raise Texas submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $135,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,014

For more financial information, click here


Official website here: www.raisetexas.org

What is the mission statement of Raise Texas?

Raise Texas works towards promoting equitable policies and programs that enhance financial security and economic mobility for low-income and moderate-income individuals in Texas. They accomplish this by providing training, innovation, and advocacy to reduce disparities, eliminate barriers, and create opportunities for financial stability. Raise Texas supports nonprofits and community leaders by offering pilot programs, resources, and workshops to improve financial health across the state. In 2022, they collaborated with Children's Savings Account programs and Volunteer Income Tax Assistance (VITA) programs, streamlining operations, expanding services, and increasing access. Their training courses and scholarships for financial coaches and counselors have been well-received, with participants reporting positive outcomes.


Official website here: www.raisetexas.org

Who is the CEO of Raise Texas?

Elizabeth Colvin is the Executive Director of Raise Texas.


Official website here: www.raisetexas.org

What is the revenue of Raise Texas?

Raise Texas's revenue in 2022 was $375,441.


Official website here: www.raisetexas.org

Who are the executives of Raise Texas and what are their salaries?

The average compensation at Raise Texas during 2022 was $42,558. There are 5 employees and 13 volunteers at Raise Texas.


Here are 14 key members and their salaries:


Julian Huerta (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Lopez (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phyllis Young (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Baddour (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kseniya Benderskaya (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann B Depenning (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Zoraima Diaz Pineda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shari Flynn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annika Little (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Levar Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vivian Ong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Yvette Ruiz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tina Tran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Colvin (Executive Director)
  • Compensation: $115,000
  • Related: $0
  • Other: $20,779


Official website here: www.raisetexas.org

Where can I find the form 990 for Raise Texas?

Raise Texas's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.raisetexas.org

Learn more at the official website: www.raisetexas.org

Mission Statement of Raise Texas

Raise Texas, a nonprofit organization, is committed to promoting equitable policies and programs that foster financial security and economic mobility for low- and moderate-income Texans. This mission is accomplished by equipping, innovating, and advocating to reduce disparities, remove barriers, and build opportunities for financially secure lives in the state. Raise Texas works closely with nonprofits and community leaders, providing them with innovative pilot programs, training, resources, and convenings to improve financial health across Texas. In 2022, Raise Texas collaborated with Children's Savings Account programs and Volunteer Income Tax Assistance (VITA) programs to streamline operations, expand services, and increase access, benefiting numerous Texas residents. Additionally, the organization offered 16 financial literacy training courses for the asset-building field, with high participant engagement and satisfaction rates. Raise Texas also awarded 29 scholarships for the professional development of financial coaches and counselors, furthering its mission of financial security and economic mobility for low- and moderate-income Texans.

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Impact




October, 2024

Raise Texas significantly impacts financial security and economic mobility for low- and moderate-income Texans. By advancing equitable policies and programs, the initiative addresses disparities and removes barriers in financial systems, providing essential resources for community empowerment.

In 2022, Raise Texas collaborated with Children's Savings Account programs and Volunteer Income Tax Assistance (VITA) programs, enhancing their operations and expanding services. The efforts streamlined access to financial assistance, directly benefiting individuals seeking stability and growth. The organization conducted 16 training courses, engaging 909 participants from the asset-building sector; feedback indicated that participants found the sessions valuable, with a remarkable 93% rating them as exceeding expectations. This indicates a strong commitment to equipping community leaders with the tools and knowledge necessary to foster financial health.

Additionally, Raise Texas awarded 29 scholarships through the AFCPE to support the professional development of financial coaches and counselors, further bolstering the workforce dedicated to helping individuals achieve financial success. Through innovation, advocacy, and extensive training, Raise Texas is an essential player in building a financially secure future for Texans.




This information is meant to be a general summary of Raise Texas. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$375,441 (2022)
Expenses
$285,798 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,503
  • Program Service Revenue: $142,800
  • Gross Receipts: $375,441

Assets and Liabilities:

  • Total Assets: $635,798
  • Total Liabilities: $252
  • Net Assets: $635,546

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Program Service Revenue

Revenue

$142,800

Organization Details

Founding Year

2007

Principal Officer

Elizabeth Colvin

Main Address

PO Box 303111, Austin, TX, 78703

NTEE Category

Code: P80 - Human services

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