Civic Intelligence

Careerrise Inc.

990 • Fiscal year 2023 • EIN 87-0904286

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 08, 2024

261 Joseph E Lowery Blvd NWAtlanta, GA 30314

(404) 282-7970

Siviq Scores

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

Liabilities / Assets

50th percentile

0.13x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.11x

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

90th percentile

48%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$143,785

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

98th percentile

210%

Faster asset growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

264%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,971,925

Up $3,367,958 (+210%) from 2022

Net Assets

Up

$4,324,194

Up $2,770,093 (+178%) from 2022

Liabilities

Up

$647,731

Up $597,865 (+1199%) from 2022

Revenue

Up

$5,795,201

Up $4,201,152 (+264%) from 2022

Expenses

Up

$3,025,108

Up $2,985,160 (+7473%) from 2022

Net Income

Up

$2,770,093

Up $1,215,992 (+78%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2022: $1,603,967Liabilities 2022: $49,866Net Assets 2022: $1,554,1012022Assets 2023: $4,971,925Liabilities 2023: $647,731Net Assets 2023: $4,324,1942023Assets 2024: $2,761,214Liabilities 2024: $388,408Net Assets 2024: $2,372,8062024

Highlighted filing

2023

Assets$4,971,925
Liabilities$647,731
Net Assets$4,324,194

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2022: $1,594,049Expenses 2022: $39,948Net Income 2022: $1,554,1012022Revenue 2023: $5,795,201Expenses 2023: $3,025,108Net Income 2023: $2,770,0932023Revenue 2024: $2,436,251Expenses 2024: $4,387,639Net Income 2024: -$1,951,3882024

Highlighted filing

2023

Revenue$5,795,201
Expenses$3,025,108
Net Income$2,770,093
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 8, 2024
Return Version
2023v5.1
Gross Receipts
$5,795,201
Mission and Program Overview

Mission

Advancing the economic mobility and regional prosperity by creating new and strengthening existing partnerships and systems that meet employers' talent demands and provide residents with access to sustainable, quality employment opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$84,957$3,140,404▲ $3,055,447
Pledges and Grants Receivable$1,509,010$1,151,639▼ $357,371
Prepaid Expenses and Deferred Charges$10,000$71,283▲ $61,283
Total Assets$1,603,967$4,971,925▲ $3,367,958
Other Assets Total$0$608,599▲ $608,599
Liabilities
Other Liabilities$0$609,157▲ $609,157
Accounts Payable and Accrued Expenses$49,866$38,574▼ $11,292
Total Liabilities$49,866$647,731▲ $597,865
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,554,101$4,324,194▲ $2,770,093
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$1,554,101$4,324,194▲ $2,770,093
Total Liabilities and Net Assets / Fund Balance$1,603,967$4,971,925▲ $3,367,958

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$586,248--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John HeltonExecutive DirectorFT$137,821$5,964$143,785

Board Members and Trustees

NameTitle
Milton J Little JrBoard Chair
Geneva Hall-sheltonExternal Affairs Chair
Ann CramerGovernance Chair
Beth LowryVice Chair
Brian TerryBoard Director
Chris PumphreyBoard Director
Christopher BurkeBoard Director
Dave WilliamsBoard Director
Eloisa KlementichBoard Director
Frank FernandezBoard Director
Karen Leone De NieBoard Director
Labriah Lee HoltBoard Director
Patrick MooreBoard Director
Patrick SmithBoard Director
Stewart WilliamsBoard Director
Suganthi SimonBoard Director
Terri BlockBoard Director
Walt FarrellBoard Director
Amy Lancaster-kingTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,282,069
Program Service Revenue
$446,079
Investment Income
$1,022
Other Revenue
$66,031
All Other Contributions
$5,282,069
Change in Net Assets
$2,770,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,795,201
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$72,000
Total Revenue per Audited Statements
$5,867,201
Total Revenue per Form 990
$5,795,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,631,011
Salaries, Compensation, and Employee Benefits$1,317,333
Grants and Similar Amounts Paid$76,764
Total Fundraising Expense$72,237
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$730,927$160,679$39,374$930,980
Fees for Services Other$703,999$60,536-$764,535
Occupancy$454,444$1,350$90$455,884
Information Technology$141,868$35,713$6,993$184,574
Current Officers, Directors, Trustees, and Key Employees$14,023$112,716$13,494$140,233
Other Employee Benefits$79,633$14,857$3,214$97,704
Payroll Taxes$67,938$22,192$4,477$94,607
Grants to Domestic Orgs$75,000--$75,000
Travel$67,802$4,558-$72,360
Pension Plan Contributions$36,022$15,160$2,627$53,809
Conferences and Meetings$28,910$18,161$25$47,096
Fees for Services Accounting-$45,360-$45,360
Office Expenses$23,999$8,623$1,102$33,724
Advertising$15,144$3,267-$18,411
Insurance$4,982$3,244$841$9,067
Grants to Domestic Individuals$1,764--$1,764
Total Functional Expenses$2,446,455$506,416$72,237$3,025,108

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,097,108
Expenses per Audited Statements$3,025,108
Total Expenses per Form 990$3,025,108
Expenses Not Reported on Form 990$72,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Atlanta Center for Self Sufficiency IncAtlanta, GA501(c)(3)Award to Distribute as Stipends to Participants for Career Advisement and Job Readiness Services and Training.$75,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rou Lease Liability$609,157
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
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 B, Line 11B

The accounting team and operations reviews the form 990 and requests any changes before submitting to the internal affairs committee and board for review and approval to file.

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

The organization's conflict of interest policy is included in the employee handbook. Each individual must sign an acknowledgement statement indicating that they have read and are in compliance with the policy.

Form 990, Part VI, Section B, Line 15A

The annual process for determining compensation is as follows: the board of directors shall annually evaluate management on their performances and ask for their input on matters of performance and compensation. The board will obtain research and information to make a recommendation for the compensation (salary and benefits) of the management (and other highly compensated employees or consultants) based on a review of comparability data. For example, secure data that documents compensation levels and benefits for similarly qualified individuals in comparable positions at similar organizations. This data may include the following: 1. Salary and benefit compensation studies by independent sources. 2. Written job offers for positions at similar organizations. 3. Documented communication regarding similar positions at both nonprofit and for-profit organizations. 4. Information obtained from the irs form 990 filings of similar organizations. To approve the compensation for management (and other highly compensated employees and consultants) the board must document how it reached its decisions, including the data on which it relied upon, in minutes of the meeting during which the compensation was approved.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Careerrise Inc
EIN
87-0904286
Phone
4042827970
Address
261 JOSEPH E LOWERY BLVD NW, ATLANTA, GA 30314

Signing Officer

Name
John Helton
Title
Executive Director
Phone
4042827970
Signed
2024-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Helton
Formed
2021
Legal Domicile
Ga
Voting Board Members
19
Independent Board Members
19
Employees
19
Volunteers
207

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 GALLERIA PKWY SE STE 1700, ATLANTA, GA 30339-5946
Preparer
Aleisa Howell
Phone
7709558600
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The organization commenced the equity @ work program to form the pilot cohort of workforce communities of inquiry.

Form 990, Part IX, Line 11G

Trainers and facilitators: program service expenses 464,492. Management and general expenses 19,000. Fundraising expenses 0. Total expenses 483,492. Advisement, writing and assessment: program service expenses 82,353. Management and general expenses 0. Fundraising expenses 0. Total expenses 82,353. Other professional fees: program service expenses 157,154. Management and general expenses 41,536. Fundraising expenses 0. Total expenses 198,690.

Part XII, Line 2C

There has been no change to the organization's oversight or selection process.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and similar state provisions. The organization is treated as a public supported organization, and not as a private foundation. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The organization accounts for uncertain tax positions, if any, in accordance with asc section 740. Management is not aware of any activities that would jeopardize the organization's tax-exempt status. The organization is not aware of any tax positions that is has taken that are subject to a significant degree of uncertainty.

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IRS990/ActivityOrMissionDesc0ADVANCING THE ECONOMIC MOBILITY AND REGIONAL PROSPERITY BY CREATING NEW AND STRENGTHENING EXISTING PARTNERSHIPS AND SYSTEMS THAT MEET EMPLOYERS' TALENT DEMANDS AND PROVIDE RESIDENTS WITH ACCESS TO SUSTAINABLE, QUALITY EMPLOYMENT OPPORTUNITIES.
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IRS990/MissionDesc0ADVANCING THE ECONOMIC MOBILITY AND REGIONAL PROSPERITY BY CREATING NEW AND STRENGTHENING EXISTING PARTNERSHIPS AND SYSTEMS THAT MEET EMPLOYERS' TALENT DEMANDS AND PROVIDE RESIDENTS WITH ACCESS TO SUSTAINABLE, QUALITY EMPLOYMENT OPPORTUNITIES.
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IRS990/ProgSrvcAccomActy2Grp/Desc0INDUSTRY PARTNERSHIP PROGRAMCAREERRISE'S INDUSTRY PARTNERSHIPS PROGRAM SERVES AS A REGION-WIDE WORKFORCE INTERMEDIARY, CONVENING EMPLOYERS, EDUCATORS, AND COMMUNITY ORGANIZATIONS TO COLLABORATIVELY SOLVE SHARED WORKFORCE DEVELOPMENT CHALLENGES. THE INDUSTRY PARTNERSHIPS TEAM PROVIDES A BROAD SUITE OF SERVICES ALIGNED WITH SIX STRATEGIES: HIRING, CANDIDATE SOURCING, AND WORKFORCE PLANNING; TRAINING AND REGISTERED APPRENTICESHIPS; EMPLOYMENT SUCCESS SUPPORTS; QUALITY CAREERS AND WORKPLACES; CAREER AWARENESS AND PROMOTION; AND REGIONAL SYSTEMS SUPPORT. THIS IS ACHIEVED THROUGH LEVERAGING GRANT FUNDING TO DEVELOP AND IMPLEMENT PROGRAMS AND PROJECTS THAT BENEFIT EMPLOYERS AND JOB SEEKERS. ADDITIONALLY, THE TEAM PROVIDES VALUABLE EDUCATION, INFORMATION SHARING, AND CONNECTIVITY FOR THE 700+ MEMBERS OF ITS NETWORK. 2023 WAS A BANNER YEAR FOR INDUSTRY PARTNERSHIPS PROGRAMS AND IMPACTS. THE TEAM PARTNERED WITH THE TECHNICAL COLLEGE SYSTEM OF GEORGIA ON ITS UNTAPPED WORKFORCE INITIATIVE, SUPPORTING THE HIRING AND RETENTION OF UNTAPPED WORKFORCE POPULATIONS THROUGH EMPLOYER ENGAGEMENT AND BEST PRACTICE SHARING. THE TEAM HOSTED THE UNTAPPED WORKFORCE WEBINAR SERIES, PROVIDING INSIGHTS INTO BUILDING TALENT PIPELINES OF PRIORITY GROUPS SUCH AS VETERANS, INDIVIDUALS WITH DISABILITIES, AND OPPORTUNITY YOUTH, WITH ADDITIONAL SESSIONS SHOWCASING INNOVATIVE EMPLOYER PRACTICES IN METRO ATLANTA'S HIGH-DEMAND INDUSTRIES. WEBINAR ATTENDANCE INCREASED DRAMATICALLY, WITH AN AVERAGE OF 120 EMPLOYERS AND WORKFORCE PROFESSIONALS AT EACH SESSION. CAREERRISE WAS ALSO AWARDED QUEST DISLOCATED WORKER FUNDS TO PRODUCE THE UNTAPPED WORKFORCE SUMMIT, A 2-DAY EVENT FOCUSED ON HIRING AND ENGAGING MEMBERS OF UNTAPPED WORKFORCE POPULATIONS, TO BE HELD IN FEBRUARY OF 2024.THE INDUSTRY PARTNERSHIPS TEAM RENEWED ITS PARTNERSHIP WITH PROLOGIS IN THE COMMUNITY WORKFORCE INITIATIVE, FOCUSED ON PROVIDING FREE TRAINING AND CONNECTIONS TO EMPLOYMENT IN THE WAREHOUSING AND DISTRIBUTION INDUSTRY. IN 2023, NEARLY 500 STUDENTS ENROLLED IN THE PROLOGIS LEARNING ACADEMY TO DEVELOP SKILLS FOR FRONTLINE WORKER POSITIONS. THROUGH PARTNERSHIPS WITH COMMUNITY PARTNERS, WE HELPED NEARLY 200 INDIVIDUALS FIND EMPLOYMENT IN RELATED JOBS.WE SAW GREAT SUCCESS RELATED TO OUR CAREER AWARENESS AND PROMOTION STRATEGY. OUR HIGHLY SUCCESSFUL CAREER COMPASS ACADEMY A 5-WEEK VIRTUAL CAREER READINESS BOOT CAMP FOR YOUTH AGED 16-24 EXPANDED BEYOND THE METRO ATLANTA AREA TO SERVE STUDENTS ACROSS GEORGIA. OVER 220 YOUTH LEARNED WORK READINESS SKILLS, DEVELOPED A CAREER PLAN, COVER LETTER, AND RESUME, AND MET WITH EMPLOYERS AND EDUCATORS TO EXPLORE CAREER PATHWAYS. WE ALSO SAW GREAT SUCCESS WITH OUR REGIONAL SYSTEMS SUPPORT STRATEGY, CONTINUING TO CREATE POLICY AND PRACTICE ALIGNMENT ACROSS METRO ATLANTA'S FIVE LOCAL WORKFORCE DEVELOPMENT AREAS. ADDITIONALLY, WE LAUNCHED OUR INAUGURAL INDUSTRY PARTNERSHIPS SUMMER EDUCATOR EXTERNSHIP, IN WHICH 8 EDUCATORS FROM ACROSS THE METRO ATLANTA REGION WERE MATCHED WITH LOCAL EMPLOYERS. TEACHERS SPENT 3 DAYS WITH THEIR EMPLOYER HOSTS, GAINING IN-DEPTH KNOWLEDGE OF THE APTITUDES NEEDED FOR MEMBERS OF THE FUTURE WORKFORCE. EDUCATORS ALSO SUBMITTED AN EDUCATION PLAN FOR HOW THEY PLANNED TO USE THEIR LEARNINGS IN THE CLASSROOM AND WERE PROVIDED A STIPEND. IN SUPPORT OF INDUSTRY PARTNERSHIPS' EMPLOYMENT SUCCESS SUPPORTS AND JOB QUALITY STRATEGIES, THE TEAM ORGANIZED A FLYOUT OF EMPLOYER AND WORKFORCE PARTNERS TO THE TALENT REWIRE RETREAT IN SAN DIEGO, CALIFORNIA. 9 COMPANIES AND 3 WORKFORCE ORGANIZATIONS WERE REPRESENTED AT THE RETREAT, WHERE ATTENDEES CONNECTED, CELEBRATED, AND LEARNED FROM OTHER EMPLOYERS ADVANCING MOBILITY FOR FRONTLINE EMPLOYEES.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EQUITY @ WORK PROGRAMJOBS FOR THE FUTURE WORKFORCE COMMUNITIES INQUIRY OF THE DEEP SOUTH (PHASE 1) JFF SELECTED SIX WORKFORCE ORGANIZATIONS ACROSS THE DEEP SOUTH TO FORM THE PILOT COHORT OF WORKFORCE COMMUNITIES OF INQUIRY (WCI). THE WCI MODEL EQUIPS THESE ORGANIZATIONS WITH AN ASSET-BASED RESEARCH PROTOCOL AND SUPPORTING TOOLS AND TRAINING TO ENGAGE COMMUNITY STAKEHOLDERS IN EXPLORING SERVICE DELIVERY, EQUITABILITY, AND JOBSEEKER OUTCOMES WITHIN THE CONTEXT OF RACE AND DIVERSITY. THIS APPRECIATIVE APPROACH AMPLIFIES POSITIVE AND ASPIRATIONAL PRACTICES IN AN EFFORT TO REPLICATE, ADAPT, AND EXPAND THOSE ACROSS SYSTEMS. ORGANIZATIONS WILL UTILIZE CUTTING-EDGE ARTIFICIAL INTELLIGENCE THAT IDENTIFIES PATTERNS AND THEMES ACROSS CONVERSATIONS, WHICH SUPPORTS DATA ORGANIZATION, STRUCTURE, AND ANALYSIS. EACH ORGANIZATION WILL DEVELOP A SET OF INSIGHTS AND RECOMMENDATIONS BASED ON THEIR RESPECTIVE DATA SETS. PARTICIPATING ORGANIZATIONS RECEIVED A GRANT AWARD OF $15,000.
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