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Rise Economy
Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?
EIN: 943153815 ✦ San francisco, CA ✦ Designated as a 501(c)(3)
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Overview What is Rise Economy? Rise Economy is a prominent nonprofit organization situated in San Francisco, California. Their mission is to establish an equitable and inclusive economy that caters to the needs of low-income communities and communities of color. To achieve this goal, they engage in various activities, such as advocating for progressive policies, pushing for fair banking practices, and empowering communities. In 2022, they negotiated Community Benefits Agreements with Umpqua Bank, U.S. Bank, and BMO Harris Bank, aiming to mitigate the negative impacts of bank mergers. They also organized to strengthen the Community Reinvestment Act and advocated for policies addressing race, displacement, and harm.
In terms of policy victories, Rise Economy played a significant role in the passage of AB 1837, the Homes in Community Hands Act. They also implemented the California Public Banking Option Act, which provides a no-fee, no-penalty debit account to help close the wealth gap. Furthermore, the organization offers grants and capacity-building for emerging, BIPOC-led Community Development Financial Institutions (CDFIs) and extends its financial education programs to community members and micro-entrepreneurs. With over 300 member organizations across California, Rise Economy is the largest statewide community reinvestment coalition in the U.S., working tirelessly to ensure a just and equitable business environment for underserved communities.
Official website here: www.rise-economy.org
What are the reviews and ratings of this charity? Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Rise Economy has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to financial health and organizational transparency. The overall score of 97% is derived from a robust Accountability & Finance score of 83% and a perfect Culture & Community score of 100%. This rating indicates that Rise Economy excels in overseeing its resources and maintaining high ethical standards.
The organization demonstrates excellent governance practices, with 100% of its board members being independent and a comprehensive set of policies in place, including conflict of interest and whistleblower policies. Its financial performance is also commendable, as evidenced by a program expense ratio of 83.29%, indicating that a significant portion of its funds is directed toward its mission-driven programs.
While the organization showcases strengths in various operational areas, it is worth noting that the Accountability & Finance score, while strong, is slightly lower than its Culture & Community score. This suggests there may be room for improvement in areas related to financial management or communication regarding financial practices. Overall, Rise Economy is positioned as a reliable and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator .
Is Rise Economy legitimate? Rise Economy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rise Economy 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: $874,767 Professional Fundraising Fees: $0 Other Salaries and Wages: $738,599 For more financial information, click here
Official website here: www.rise-economy.org
What is the mission statement of Rise Economy? Rise Economy's mission is centered around establishing a more inclusive and equitable economy that caters to the needs of communities of color and low-income communities. The organization strives to achieve this by encouraging banks and corporations to invest and conduct business in these communities in a just and fair manner. As the largest statewide community reinvestment coalition in the United States, with over 300 member organizations across California, Rise Economy aims to disrupt systems of oppression and improve access to essential services for thousands of Californians. Their member base includes various organizations such as affordable housing developers, community development financial institutions, and legal services agencies, among others.
Official website here: www.rise-economy.org
Who is the CEO of Rise Economy? Paulina Gonzalez-Brito is the Executive Dir. of Rise Economy.
Official website here: www.rise-economy.org
What is the revenue of Rise Economy? Who are the executives of Rise Economy and what are their salaries? The average compensation at Rise Economy during 2022 was $89,631. There are 18 employees and 12 volunteers at Rise Economy.
Here are 18 key members and their salaries:
Paulina Gonzalez-Brito (Executive Dir.) Compensation: $178,929 Related: $0 Other: $20,914 Kevin Stein (Chief Of Legal) Compensation: $148,677 Related: $0 Other: $9,541 Jyotswaroop Bawa (Chief Of Org.) Compensation: $122,741 Related: $0 Other: $19,447 John Hoffma (Cdo) Compensation: $117,235 Related: $0 Other: $13,469 Brian Maxey (Cco) Compensation: $116,442 Related: $0 Other: $13,429 Jose Olivas (Cfo) Compensation: $96,267 Related: $0 Other: $17,675 Sharon Kinlaw (Board Chair) Compensation: $0 Related: $0 Other: $0 Gloria Bruce (Vice Chair) Compensation: $0 Related: $0 Other: $0 Paul Ainger (Treasurer) Compensation: $0 Related: $0 Other: $0 Elba Schildcrout (Secretary) Compensation: $0 Related: $0 Other: $0 Chancela Al-Mansour (Board Member) Compensation: $0 Related: $0 Other: $0 Nikki Beasley (Board Member) Compensation: $0 Related: $0 Other: $0 Joe Ridout (Board Member) Compensation: $0 Related: $0 Other: $0 Vanessa Carter (Board Member) Compensation: $0 Related: $0 Other: $0 Luis Granados (Board Member) Compensation: $0 Related: $0 Other: $0 Clarence Williams (Board Member) Compensation: $0 Related: $0 Other: $0 Stephanie Carroll (Board Member) Compensation: $0 Related: $0 Other: $0 Bill Pavao (Board Member) Compensation: $0 Related: $0 Other: $0 Official website here: www.rise-economy.org
Where can I find the form 990 for Rise Economy? Rise Economy's most recent form 990 was submitted in 2022 and can be accessed here .
Official website here: www.rise-economy.org
Mission Impact Financials Organization Details
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