Civic Intelligence

Worth Rises Inc.

990 • Fiscal year 2022 • EIN 83-3653756

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 31, 2023

85 Delancey St 2nd FloorNew York, NY 10002

(332) 228-0078

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.01x

Higher debt load relative to assets than 22% of similar nonprofits.

2022 filings • NTEE R • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

27th percentile

0.03x

Higher debt load relative to revenue than 27% of similar nonprofits.

2022 filings • NTEE R • $1M-$5M nonprofits • Source year 2022

Net Margin

81st percentile

37%

Higher net margin than 81% of similar nonprofits.

2022 filings • NTEE R • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

94th percentile

$248,847

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2022 filings • NTEE R • $1M-$5M nonprofits • Source year 2022

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

9th percentile

-44%

Faster revenue growth than 9% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$4,869,655

Up $689,814 (+17%) from 2021

Net Assets

Up

$4,801,420

Up $666,031 (+16%) from 2021

Liabilities

Up

$68,235

Up $23,783 (+54%) from 2021

Revenue

Down

$2,383,721

Down $1,860,191 (-44%) from 2021

Expenses

Up

$1,504,268

Up $529,239 (+54%) from 2021

Net Income

Down

$879,453

Down $2,389,430 (-73%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2020: $924,204Liabilities 2020: $57,233Net Assets 2020: $866,9712020Assets 2021: $4,179,841Liabilities 2021: $44,452Net Assets 2021: $4,135,3892021Assets 2022: $4,869,655Liabilities 2022: $68,235Net Assets 2022: $4,801,4202022Assets 2023: $7,086,935Liabilities 2023: $108,072Net Assets 2023: $6,978,8632023Assets 2024: $6,877,200Liabilities 2024: $53,137Net Assets 2024: $6,824,0632024

Highlighted filing

2022

Assets$4,869,655
Liabilities$68,235
Net Assets$4,801,420

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2020: $1,046,650Expenses 2020: $790,814Net Income 2020: $255,8362020Revenue 2021: $4,243,912Expenses 2021: $975,029Net Income 2021: $3,268,8832021Revenue 2022: $2,383,721Expenses 2022: $1,504,268Net Income 2022: $879,4532022Revenue 2023: $4,420,063Expenses 2023: $2,410,619Net Income 2023: $2,009,4442023Revenue 2024: $2,398,506Expenses 2024: $2,719,781Net Income 2024: -$321,2752024

Highlighted filing

2022

Revenue$2,383,721
Expenses$1,504,268
Net Income$879,453
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$2,383,721
Mission and Program Overview

Mission

To dismantle the prison industry and end the exploitation of those it targets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,670,695$1,895,294▼ $775,401
Investments in Publicly Traded Securities-$1,816,324-
Accounts Receivable$1,419,047$884,173▼ $534,874
Cash and Non-Interest-Bearing Accounts$67,367$239,212▲ $171,845
Prepaid Expenses and Deferred Charges$20,833$27,727▲ $6,894
Land, Buildings, and Equipment, Net$1,899$6,925▲ $5,026
Total Assets$4,179,841$4,869,655▲ $689,814
Liabilities
Accounts Payable and Accrued Expenses$44,452$68,235▲ $23,783
Other Liabilities$0$0→ $0
Total Liabilities$44,452$68,235▲ $23,783
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,761,782$3,514,540▲ $752,758
Net Assets With Donor Restrictions$1,373,607$1,286,880▼ $86,727
Total Net Assets Fund Balance$4,135,389$4,801,420▲ $666,031
Total Liabilities and Net Assets / Fund Balance$4,179,841$4,869,655▲ $689,814

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,925$3,834$10,759
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bianca TylekExecutive DirectorFT$170,000$78,847$248,847
Jan CombopianoChief Operating OfficerFT$128,560$26,384$154,944

Board Members and Trustees

NameTitle
Sam JacobsChair
Anika Warren WoodBoard Member
Fiona KurzBoard Member
Tahir BoykinsBoard Member
Michelle Daniel JonesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,319,577
Program Service Revenue
$22,000
Investment Income
$41,685
Other Revenue
$459
All Other Contributions
$2,319,577
Change in Net Assets
$879,453

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,383,721
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$371,777
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,755,498
Total Revenue per Form 990
$2,383,721
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,012,524
Other Expenses$486,244
Total Fundraising Expense$63,342
Grants and Similar Amounts Paid$5,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$428,562$29,082$13,267$470,911
Current Officers, Directors, Trustees, and Key Employees$243,900$106,640$29,460$380,000
Fees for Services Other$215,550$71,910$5,901$293,361
Other Employee Benefits$68,438$12,198$3,610$84,246
Payroll Taxes$50,536$11,129$3,112$64,777
Office Expenses$19,582$20,650$3,492$43,724
Fees for Services Accounting-$40,930-$40,930
Travel$14,026$20,433$877$35,336
Information Technology$25,497$1,811$3,169$30,477
Advertising$25,462--$25,462
Pension Plan Contributions$7,409$4,727$454$12,590
Occupancy-$9,578-$9,578
Grants to Domestic Individuals$5,500--$5,500
Insurance-$4,193-$4,193
Depreciation Depletion-$2,943-$2,943
Interest-$240-$240
Total Functional Expenses$1,104,462$336,464$63,342$1,504,268

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,089,467
Expenses per Audited Statements$1,504,268
Total Expenses per Form 990$1,504,268
Expenses Not Reported on Form 990$585,199
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
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
Yes
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
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

One of our funders - draper richards kaplan - made it a criteria of their initial donation to appoint a bod member (anika warren wood).

Form 990, Part VI, Section A, Line 8B

Worth rises does not have committees.

Form 990, Part VI, Section B, Line 11B

The 990 form will be reviewed prior to filing, including by the board chair, sam jacobs.

Form 990, Part VI, Section B, Line 12C

The organization requires members of the board and all employees to notify the organization immediately of any potential conflicts of interest. The board discusses this policy annually.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Worth Rises Inc
EIN
83-3653756
Phone
3322280078
Address
85 DELANCEY ST 2ND FLOOR, NEW YORK, NY 10002

Signing Officer

Name
Bianca Tylek
Title
Executive Director
Phone
3322280078
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bianca Tylek
Formed
2019
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
10
Volunteers
0

Preparer

Firm
Easy Office Dba Jitasa
Address
1120 S RACKHAM WAY SUITE 300, MERIDIAN, ID 83642
Preparer
Jeremy Cork
Phone
2082874777
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contract service expenses

Financial Statement Notes

Schedule D, Part X, Line 2

The organization was granted tax-exempt status by the internal revenue service under internal revenue code section 501(c)(3) in june 2020. Accordingly, no provision for federal, state or local income taxes has been recorded. The organization does not believe its financial statements include any uncertain tax positions.

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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt022000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022000
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0CORPORATE CAMPAIGNS - WORTH RISES WORKS TO WEAKEN THE FINANCIAL STABILITY OF THE PRISON INDUSTRY TO DIMINISH ITS POWER OVER POLICY. WE UNDERMINE THE INDUSTRY'S REVENUE SOURCES, INCREASE THE COST OF DOING BUSINESS, REDUCE ACCESS TO CAPITAL, AND DECREASE THE POOL OF INVESTORS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0188609
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0PUBLIC EDUCATION - WORTH RISES CONDUCTS RESEARCH, COLLECTS DATA, AND PERFORMS ORIGINAL ANALYSES AIMED AT UNMASKING THE HARMS CAUSED BY THE PRISON INDUSTRY. UNDERSTANDING THE MOBILIZING POWER OF KNOWLEDGE, WE TRANSFORM OUR RESEARCH, DATA, AND ANALYSES INTO ACCESSIBLE AND COMPELLING CONTENT ALONGSIDE THE REAL STORIES OF DIRECTLY IMPACTED COMMUNITIES TO INCREASE AWARENESS AND SHIFT THE DISCOURSE AROUND MASS INCARCERATION.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0187948
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt014000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0365425
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt05500
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt08000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04219259
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt018950
IRS990/PYInvestmentIncomeAmt07528
IRS990/PYOtherExpensesAmt0217035
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt017125
IRS990/PYRevenuesLessExpensesAmt03268883
IRS990/PYSalariesCompEmpBnftPaidAmt0739044
IRS990/PYTotalExpensesAmt0975029
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04243912
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0879453
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02670695
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01895294
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02319577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04219259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01043624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0903818
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt08486278
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt041579
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt06708
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02626
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01108
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt052021
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt039125
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0459
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0400
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0859
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt07132811
IRS990ScheduleA/SubstantialContributorsTotAmt01353467
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02319577
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04219259
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01043624
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0903818
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt08486278
IRS990ScheduleA/TotalSupportAmt08539158
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/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearAmt019408
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus1Amt00
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgGrassrootsLobbyingExpendGrp/TotalAmt019408
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt046362
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt00
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt046362
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0185446
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt00
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0185446
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt026107
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt00
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt026107
IRS990ScheduleC/GrassrootsCeilingAmt069543
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt046362
IRS990ScheduleC/LobbyingCeilingAmt0278169
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0185446
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01078355
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt06699
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01104462
IRS990ScheduleC/TotalGrassrootsLobbyingGrp/FilingOrganizationsTotalAmt019408
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt026107
IRS990ScheduleC/TotLbbyExpendMnsLbbyngNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotLbbyngGrassrootMnsNonTxGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0586199
IRS990ScheduleD/DonatedServicesUseFcltsAmt0586199
IRS990ScheduleD/EquipmentGrp/BookValueAmt06925
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03834
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010759
IRS990ScheduleD/ExpensesNotReportedAmt0585199
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01504268
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00

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