Overview
What is Rise Inc?
Rise Inc, located at 4215 EDISON LAKES PKWY STE 325, MISHAWAKA, IN, 46545, is a nonprofit organization dedicated to stimulating and enhancing the local entrepreneurial ecosystem. Their primary focus is on mentoring and educating high school students, college students, and adults on how to establish and grow their own sustainable businesses. By offering a statewide accredited program, Rise Inc provides training and guidance to aspiring entrepreneurs, aiming to inspire innovation and growth in their respective business sectors. With a workforce of 13 individuals, Rise Inc is committed to nurturing the next generation of entrepreneurs and fostering a thriving business community.
Official website here: www.raisingtheregion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall Score: 69%, earning a Two-Star out of Four Star rating. This rating indicates that while Rise Inc has some strong governance structures, there are significant concerns regarding its financial transparency and policy documentation.
The organization has a fully independent board with all members meeting independence criteria, which is a positive indicator of governance. Additionally, it shows a strong commitment to its programs with an impressive program expense ratio of 95.30%, suggesting that the majority of its resources are directed towards its mission. The liabilities to assets ratio of 28.66% is also favorable, indicating good financial health.
However, the organization's lack of key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy raises concerns about its governance practices. Furthermore, the absence of financial statements and tax forms on its website significantly detracts from its transparency, which is critical for building trust with donors and stakeholders. These limitations contribute to the overall "Needs Improvement" rating.
This AI summary has been generated from information found on Charity Navigator.
Is Rise Inc legitimate?
Rise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rise Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $346,497
For more financial information, click here
Official website here: www.raisingtheregion.org
What is the mission statement of Rise Inc?
Rise Inc's mission is centered around fostering entrepreneurship among high school students and others, aiming to stimulate local business sectors. Through their program, they provide mentorship and education, equipping individuals with the skills needed to start their own businesses. Rise Inc is committed to enhancing the entrepreneurial ecosystem on a statewide level. They offer an accredited program, which includes teacher training and mentoring, to help high school students, college students, and adults establish sustainable businesses. The ultimate goal is to stimulate the respective business sectors where these individuals reside.
Official website here: www.raisingtheregion.org
Who is the CEO of Rise Inc?
Lawrence Garatoni is the Board Member of Rise Inc.
Official website here: www.raisingtheregion.org
What is the revenue of Rise Inc?
Rise Inc's revenue in 2023 was $900,053.
Official website here: www.raisingtheregion.org
Who are the executives of Rise Inc and what are their salaries?
The average compensation at Rise Inc during 2023 was $26,654. There are 13 employees and 50 volunteers at Rise Inc.
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Official website here: www.raisingtheregion.org
Where can I find the form 990 for Rise Inc?
Rise Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.raisingtheregion.org
Learn more at the official website: www.raisingtheregion.org
Mission Statement of Rise Inc
Rise Inc, as an organization, is dedicated to inspiring and instructing high school students on the path to entrepreneurship, aiming to bolster their local business sectors. Through its mentorship and educational programs, Rise Inc encourages these students to establish their own businesses, thereby stimulating the economic growth of their respective communities.
In order to achieve this mission, Rise Inc has developed a statewide, accredited program that focuses on teacher training and mentoring, in addition to guiding high school students, college students, and other adults in the art of entrepreneurship. By providing these individuals with the necessary tools and guidance, Rise Inc seeks to foster the creation of sustainable businesses, thereby contributing to the overall development and enhancement of the statewide entrepreneurial ecosystem.
In essence, Rise Inc serves as a catalyst for young entrepreneurs, offering them the support and knowledge needed to turn their business ideas into reality. By doing so, Rise Inc not only stimulates the local business sectors but also empowers the next generation of business leaders.
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Impact
July, 2024
Rise Inc's impact can be seen in its dedication to mentoring and educating high school students in entrepreneurship, empowering them to start their own businesses and contribute to the local business sector. By providing teacher training, mentoring, and education to students of all ages, Rise Inc is actively working towards enhancing the statewide entrepreneurial ecosystem. Through its accredited programs, Rise Inc is not only fostering the growth of future entrepreneurs but also stimulating various business sectors across the state.
This information is meant to be a general summary of Rise Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,941
- Program Service Revenue: $421,410
- Gross Receipts: $900,053
Assets and Liabilities:
- Total Assets: $400,673
- Total Liabilities: $114,864
- Net Assets: $285,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$421,410
Organization Details
Founding Year
2015
Phone
(574) 271-5145Principal Officer
Lawrence Garatoni
Main Address
4215 EDISON LAKES PKWY STE 325, MISHAWAKA, IN, 46545
Website
www.raisingtheregion.orgNTEE Category
Code: B30 - Education
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