Civic Intelligence

Raise Texas

990 • Fiscal year 2020 • EIN 26-2087882

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 12, 2021

PO Box 303111Austin, TX 78703

(409) 209-1003

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

44th percentile

0.03x

Higher debt load relative to revenue than 44% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

39th percentile

0.8%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

85th percentile

$92,249

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 45.9% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

37th percentile

1.2%

Faster asset growth than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

45th percentile

-4.5%

Faster revenue growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$514,877

Up $6,037 (+1.2%) from 2019

Net Assets

Up

$508,105

Up $1,515 (+0.3%) from 2019

Liabilities

Up

$6,772

Up $4,522 (+201%) from 2019

Revenue

Down

$201,031

Down $9,530 (-4.5%) from 2019

Expenses

Down

$199,516

Down $47,417 (-19%) from 2019

Net Income

Up

$1,515

Up $37,887 (+104%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $581,127Liabilities 2014: $0Net Assets 2014: $581,1272014Assets 2015: $626,099Liabilities 2015: $27,029Net Assets 2015: $599,0702015Assets 2016: $559,133Liabilities 2016: $0Net Assets 2016: $559,1332016Assets 2017: $567,745Liabilities 2017: $4,781Net Assets 2017: $562,9642017Assets 2018: $548,180Liabilities 2018: $5,218Net Assets 2018: $542,9622018Assets 2019: $508,840Liabilities 2019: $2,250Net Assets 2019: $506,5902019Assets 2020: $514,877Liabilities 2020: $6,772Net Assets 2020: $508,1052020Assets 2021: $546,886Liabilities 2021: $983Net Assets 2021: $545,9032021Assets 2022: $635,798Liabilities 2022: $252Net Assets 2022: $635,5462022Assets 2023: $654,862Liabilities 2023: $0Net Assets 2023: $654,8622023Assets 2024: $1,184,912Liabilities 2024: $33,500Net Assets 2024: $1,151,4122024

Highlighted filing

2020

Assets$514,877
Liabilities$6,772
Net Assets$508,105

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $308,154Expenses 2014: $200,592Net Income 2014: $107,5622014Revenue 2015: $292,342Expenses 2015: $274,399Net Income 2015: $17,9432015Revenue 2016: $244,775Expenses 2016: $284,712Net Income 2016: -$39,9372016Revenue 2017: $235,556Expenses 2017: $231,674Net Income 2017: $3,8822017Revenue 2018: $216,877Expenses 2018: $236,879Net Income 2018: -$20,0022018Revenue 2019: $210,561Expenses 2019: $246,933Net Income 2019: -$36,3722019Revenue 2020: $201,031Expenses 2020: $199,516Net Income 2020: $1,5152020Revenue 2021: $311,754Expenses 2021: $273,956Net Income 2021: $37,7982021Revenue 2022: $375,441Expenses 2022: $285,798Net Income 2022: $89,6432022Revenue 2023: $434,313Expenses 2023: $414,997Net Income 2023: $19,3162023Revenue 2024: $918,666Expenses 2024: $422,116Net Income 2024: $496,5502024

Highlighted filing

2020

Revenue$201,031
Expenses$199,516
Net Income$1,515
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 12, 2021
Return Version
2020v4.1
Gross Receipts
$201,031
Mission and Program Overview

Mission

RAISE Texas fosters effective and sustainable initiatives that help individuals and families escape poverty by increasing personal finance skills and building assets.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$203,360$451,981▲ $248,621
Cash and Non-Interest-Bearing Accounts$305,480$61,741▼ $243,739
Land, Buildings, and Equipment, Net$0$1,155▲ $1,155
Total Assets$508,840$514,877▲ $6,037
Liabilities
Accounts Payable and Accrued Expenses$2,250$6,772▲ $4,522
Total Liabilities$2,250$6,772▲ $4,522
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$490,090$460,605▼ $29,485
Net Assets With Donor Restrictions$16,500$47,500▲ $31,000
Total Net Assets Fund Balance$506,590$508,105▲ $1,515
Total Liabilities and Net Assets / Fund Balance$508,840$514,877▲ $6,037

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,155$2,874$4,029
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert WidrowExecutive DirectorFT$78,016$14,233$92,249

Board Members and Trustees

NameTitle
Tim MorstadChairman
Adrianna CuellarDirector
Ann BaddourDirector
Annika LittleDirector
Jennifer WilsonDirector
Levar MartinDirector
Phyllis YoungDirector
Shari FlynnDirector
Teresa MontesDirector
Vivian OngDirector
Yvette RuizDirector
Roy LopezSecretary
Julian HuertaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$199,564
Program Service Revenue
$200
Investment Income
$1,267
Other Revenue
$0
All Other Contributions
$199,564
Change in Net Assets
$1,515

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,031
Total Revenue per Audited Statements
$201,031
Total Revenue per Form 990
$201,031
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$177,471
Other Expenses$22,045
Total Fundraising Expense$6,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,485$5,535$3,229$92,249
Other Salaries and Wages$61,507$4,078$2,379$67,964
Fees for Services Accounting$0$11,900$0$11,900
Payroll Taxes$10,106$670$391$11,167
Office Expenses$6,514$432$252$7,198
Pension Plan Contributions$3,319$220$128$3,667
Other Employee Benefits$2,194$145$85$2,424
Insurance$1,596$106$62$1,764
Fees for Services Other$523$35$20$578
Travel$286$19$11$316
Conferences and Meetings$262$17$10$289
Total Functional Expenses$169,792$23,157$6,567$199,516

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$199,516
Total Expenses per Audited Statements$199,516
Total Expenses per Form 990$199,516
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Raise Texas
EIN
26-2087882
Phone
4092091003
Address
PO BOX 303111, AUSTIN, TX 78703

Signing Officer

Name
Julian Huerta
Title
Chairman
Phone
4092091003
Signed
2021-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Colvin
Formed
2007
Legal Domicile
TX
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
13

Preparer

Firm
Allman & Associates Inc
Address
9600 Great Hills Trail Suite 150W, Austin, TX 78759
Preparer
Peter L Allman CPA
Phone
5125073022
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by the president/chairman prior to filing.

Pt VI, Line 15A

Compensation is determined and approved by the board of directors on an annual basis.

Pt VI, Line 15B

Compensation is determined and approved by the board of directors on an annual basis.

Pt VI, Line 19

AVAILABLE UPON REQUEST.

Pt VI, Line 12C

Officers, director, trustees and key employees are required to submit immediately for review any actions that could potentially pose as a conflict of interest. Such interests are reviewed annually for any changes.

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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04078
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt061507
IRS990/OtherSalariesAndWagesGrp/TotalAmt067964
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0391
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0670
IRS990/PayrollTaxesGrp/ProgramServicesAmt010106
IRS990/PayrollTaxesGrp/TotalAmt011167
IRS990/PensionPlanContributionsGrp/FundraisingAmt0128
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0220
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03319
IRS990/PensionPlanContributionsGrp/TotalAmt03667
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ELIZABETH COLVIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0200858
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt05003
IRS990/PYOtherExpensesAmt088977
IRS990/PYProgramServiceRevenueAmt04700
IRS990/PYRevenuesLessExpensesAmt0-36372
IRS990/PYSalariesCompEmpBnftPaidAmt0157956
IRS990/PYTotalExpensesAmt0246933
IRS990/PYTotalRevenueAmt0210561
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01515
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0203360
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0451981
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0199764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0203537
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0213268
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0234682
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0243753
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01095004
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01267
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05003
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03609
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0874
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01022
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt011775
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01267
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05003
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03609
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0874
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01022
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt011775
IRS990ScheduleA/InvestmentIncomeCYPct00.01060
IRS990ScheduleA/InvestmentIncomePYPct00.00910
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.98940
IRS990ScheduleA/PublicSupportPY509Pct00.99090
IRS990ScheduleA/PublicSupportTotal509Amt01095004
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0199764
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0203537
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0213268
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0234682
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0243753
IRS990ScheduleA/Total509Grp/TotalAmt01095004
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01106779
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01155
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02874
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04029
IRS990ScheduleD/ExpensesSubtotalAmt0199516
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/RevenueSubtotalAmt0201031
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01155
IRS990ScheduleD/TotalExpensesPerForm990Amt0199516
IRS990ScheduleD/TotalRevenuePerForm990Amt0201031
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0201031
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0199516
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY THE PRESIDENT/CHAIRMAN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS, DIRECTOR, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SUBMIT IMMEDIATELY FOR REVIEW ANY ACTIONS THAT COULD POTENTIALLY POSE AS A CONFLICT OF INTEREST. SUCH INTERESTS ARE REVIEWED ANNUALLY FOR ANY CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0508840
IRS990/TotalAssetsEOYAmt0514877
IRS990/TotalAssetsGrp/BOYAmt0508840
IRS990/TotalAssetsGrp/EOYAmt0514877
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0199564
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06567
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023157
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169792
IRS990/TotalFunctionalExpensesGrp/TotalAmt0199516
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02250
IRS990/TotalLiabilitiesEOYAmt06772
IRS990/TotalLiabilitiesGrp/BOYAmt02250
IRS990/TotalLiabilitiesGrp/EOYAmt06772
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0506590
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0508105
IRS990/TotalOtherCompensationAmt014233
IRS990/TotalProgramServiceExpensesAmt0169792
IRS990/TotalProgramServiceRevenueAmt0200
IRS990/TotalReportableCompFromOrgAmt078016
IRS990/TotalRevenueGrp/ExclusionAmt01267
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0201031
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00

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