Raise Texas
- Assets
- $546.9k
- Revenue
- $311.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Austin, TX
- Founding
- 07/2008
- Data as of
- 12/2021
- EIN
- 26-2087882
Organization Overview
Raise Texas is located in Austin, TX. The organization was established in 2008. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Raise Texas employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raise Texas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Raise Texas generated $311.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $274.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE TEXAS ADVANCES EQUITABLE POLICIES AND PROGRAMS THAT FOSTER FINANCIAL SECURITY AND ECONOMIC MOBILITY FOR LOW- AND MODERATE-INCOME TEXANS. WE EQUIP, INNOVATE AND ADVOCATE TO REDUCE DISPARITIES, REMOVE BARRIERS AND BUILD OPPORTUNITIES FOR TEXANS TO BE FINANCIALLY SECURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE TEXAS EQUIPS NONPROFITS AND COMMUNITY LEADERS WITH INNOVATIVE PILOT PROGRAMS, TRAINING, CONVENINGS AND RESOURCES TO IMPROVE FINANCIAL HEALTH. IN 2021, WE DEVELOEPED A BILINGUAL FACEBOOK AD CAMPAIGN WITH 1+MILLION IMPRESSIONS, ALONG WITH MEDIA COVERAGE, TO CONNECT TEXAS FAMILIES TO LOCAL ASSISTANCE TO CLAIM THE MONTHLY CHILD TAX CREDIT PAYMENTS. WE PARTNERED WITH UNITED WAYS OF TEXAS AND THE ATLANTA FEDERAL RESERVE BANK TO BRING THE CAREER LADDER IDENTIFIER AND FINANCIAL FORECASTER TOOL TO TEXAS TO HELP TEXANS NAVIGATE BENEFIT CLIFFS. WE ALSO HOSTED 9 VIRTUAL TRAININGS WITH 902 PARTICIPANTS: 100% REPORTED THEY WILL USE THE FINANCIAL GUIDANCE AND BEST PRACTICES PROVIDED, 99% LEARNED NEW INFORMATION, 96% RATED THE TRAINING SESSIONS AS EXCEEDING EXPECTATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Colvin Executive Director | Officer | 40 | $100,000 |
Phylis Young Treasurer | OfficerTrustee | 1 | $0 |
Roy Lopez Secretary | OfficerTrustee | 1 | $0 |
Julian Huerta Chairman | OfficerTrustee | 1 | $0 |
Shari Flynn Director | Trustee | 1 | $0 |
Levar Martin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $64,387 |
| All other contributions, gifts, grants, and similar amounts not included above | $243,372 |
| Noncash contributions included in lines 1a–1f | $14,665 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,709 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $311,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,638 |
| Compensation of current officers, directors, key employees. | $12,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $70,215 |
| Pension plan accruals and contributions | $6,323 |
| Other employee benefits | $0 |
| Payroll taxes | $13,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $400 |
| Fees for services: Accounting | $2,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,432 |
| Advertising and promotion | $10,414 |
| Office expenses | $513 |
| Information technology | $4,836 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $268 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $385 |
| Insurance | $402 |
| All other expenses | $0 |
| Total functional expenses | $273,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,287 |
| Savings and temporary cash investments | $452,025 |
| Pledges and grants receivable | $2,500 |
| Accounts receivable, net | $2,500 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $824 |
| Net Land, buildings, and equipment | $770 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,980 |
| Total assets | $546,886 |
| Accounts payable and accrued expenses | $983 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $983 |
| Net assets without donor restrictions | $483,961 |
| Net assets with donor restrictions | $61,942 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $546,886 |
Grants Awarded
Over the last fiscal year, Raise Texas has awarded $52,617 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Denton, TX PURPOSE: Smarter Tx finacial ed program | $24,050 |
FOUNDATION COMMUNITIES PURPOSE: Project support | $12,650 |
Austin, TX PURPOSE: Project Support | $9,250 |
Dallas, TX PURPOSE: Project support | $6,667 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Raise Texas has recieved totaling $37,500.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF FINANCIAL HEALTH | $12,500 |
Annie E Casey Foundation Baltimore, MD PURPOSE: PROVIDE GENERAL OPERATING SUPPORT | $10,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $10,000 |
Frost Bank San Antonio, TX PURPOSE: UNRESTRICTED GRANT FOR | $2,500 |
Frost Bank San Antonio, TX PURPOSE: UNRESTRICTED GRANT FOR | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Start Corporation Houma, LA | $15,661,885 | $35,284,131 |
Arca Albuquerque, NM | $18,505,466 | $31,341,339 |
Disability Services Of The Southwest San Antonio, TX | $12,999,029 | $27,578,028 |
Hughen Center Inc Port Arthur, TX | $48,676,855 | $32,249,164 |
Buckner International Dallas, TX | $12,129,357 | $21,781,250 |
Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |
Integrity Inc Little Rock, AR | $13,609,813 | $15,573,168 |
Mission Of Mercy Inc Corpus Christi, TX | $7,577,811 | $11,960,672 |
Life Styles Inc Fayetteville, AR | $7,250,362 | $10,687,117 |
Independent Living Resource Center Albuquerque, NM | $3,325,195 | $9,733,666 |