Form 990, Part VI, Line 15B PROCESS TO ESTABLISH COMPENSATION
“The organization does not compensate any officer or key employee.”
EIN 87-1801552 • 501(c)3 • New York, NY
Profile
To solicit, hold, manage, invest and distribute charitable funds and real property for its non-profit sole member rising ground, inc.; and to perform the function of, or carry out the purposes of its non-profit sole member rising ground, inc.
Scores are not available for this record yet.
Assets
Up$57,471,801
Up $7,471,509 (+15%) from 2024
Liabilities
Down$4,250
Down $177,219 (-98%) from 2024
Net Assets
Up$57,467,551
Up $7,648,728 (+15%) from 2024
Revenue
Down$2,507,796
Down $563,363 (-18%) from 2024
Expenses
Down$1,631,079
Down $3,452,341 (-68%) from 2024
Net Income
Up$876,717
Up $2,888,978 (+144%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
To solicit, hold, manage, invest and distribute charitable funds and real property for its non-profit sole member rising ground, inc.; and to perform the function of, or carry out the purposes of its non-profit sole member rising ground, inc.
To solicit, hold, manage, invest and distribute charitable funds and real property for its non-profit sole member rising ground, inc.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments in Publicly Traded Securities | $45,625,873 | $50,208,677 | ▲ $4,582,804 |
| Investments Other Securities | $3,977,826 | $5,710,747 | ▲ $1,732,921 |
| Cash and Non-Interest-Bearing Accounts | $375,922 | $1,489,676 | ▲ $1,113,754 |
| Accounts Receivable | $20,671 | $62,701 | ▲ $42,030 |
| Receivable From Disqualified Prsn | $0 | $0 | → $0 |
| Receivables From Officers Etc | $0 | $0 | → $0 |
| Investments Program Related | $0 | - | - |
| Land, Buildings, and Equipment, Net | - | $0 | - |
| Loans From Officers Directors | $0 | $0 | → $0 |
| Total Assets | $50,000,292 | $57,471,801 | ▲ $7,471,509 |
| Other Assets Total | $0 | $0 | → $0 |
| Liabilities | |||
| Other Liabilities | $181,469 | $4,250 | ▼ $177,219 |
| Total Liabilities | $181,469 | $4,250 | ▼ $177,219 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $49,818,823 | $57,467,551 | ▲ $7,648,728 |
| Total Net Assets Fund Balance | $49,818,823 | $57,467,551 | ▲ $7,648,728 |
| Total Liabilities and Net Assets / Fund Balance | $50,000,292 | $57,471,801 | ▲ $7,471,509 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Securities | $207,500 | - | - |
| Name | Title |
|---|---|
| G Crossan Seybolt Jr | President |
| Carol Chen | Director |
| Nick Preddice | Director |
| Alan E Mucatel | Chief Executive Officer |
| Elliot Hagler | Chief Financial Officer |
| Frances Oliveri | Secretary |
| Elizabeth Renyi | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $1,433,503 |
| Other Expenses | $197,576 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Orgs | $1,433,503 | - | - | $1,433,503 |
| Fees for Service Investment Mgmnt Fees | $0 | $192,576 | $0 | $192,576 |
| Fees for Services Accounting | $0 | $4,250 | $0 | $4,250 |
| Other Expenses | $0 | $750 | $0 | $750 |
| Total Functional Expenses | $1,433,503 | $197,576 | $0 | $1,631,079 |
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Expenses per Audited Statements | $0 |
| Other Expense Adjustments | $0 |
| Total Expenses per Form 990 | $0 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Rising Ground Inc | New York, NY | 501(c)(3) | General Support | $1,433,503 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Loans from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Receivables from Disqualified Persons | $0 | $0 | → $0 |
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $0 | → $0 |
| Liability | Amount |
|---|---|
| Federal Income Taxes | $4,250 |
| Due to Rising Ground | - |
“The organization does not compensate any officer or key employee.”
“Rising ground, inc., a related 501(c)(3) organization, is the sole member of the organization.”
“The member can appoint and elect members of the board of directors.”
“Powers reserved for the member include appointing and removing corporate officers of the organization, including the executive director and cfo, approving changes to the certificate of incorporation and by-laws, approving and overseeing the operating and capital budgets of the corporation, and approving the sale, lease, mortgage or encumbrance of all assets.”
“A completed form 990 is reviewed by the members of the audit and oversight board committee. It is then sent to all other board members for their approval. Before form 990 is submitted to the irs and nys, any issues are discussed with the cfo and then brought to the cpa firm who prepared the return, if the issues remained unresolved.”
“The conflict of interest policy requires board members and key staff to complete an annual disclosure agreement. If any conflicts are found, the related individual is excluded from the discussion and the voting process.”
“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”
“TRANSFER OF NET ASSETS FROM RISING GROUND, INC., A RELATED 501(C)(3) ORGANIZATION - 2585011; Total - 2585011;”
“Fund for rising ground, inc. Has not taken an unsubstantiated tax position that would require provision of a liability under gaap. Under gaap, an organization must recognize the tax liabilities associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination. The organization does not believe there are any material uncertain tax positions and, accordingly, has not recognized any liability for unrecognized tax benefits as of june 30, 2025. The organization has filed irs form 990 tax returns, as required, and all other applicable returns in jurisdictions where it is required. For the year ended june 30, 2025, there were no interest or penalties recorded or included in the accompanying financial statements. The organization is subject to routine audits by taxing authorities. As of june 30, 2025, the organization was not subject to any examination by a taxing authority.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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|---|---|---|
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| IRS990/ActivityOrMissionDesc | 0 | TO SOLICIT, HOLD, MANAGE, INVEST AND DISTRIBUTE CHARITABLE FUNDS AND REAL PROPERTY FOR ITS NON-PROFIT SOLE MEMBER RISING GROUND, INC. |
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| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
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| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
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| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10018 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1489676 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
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| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
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| IRS990/CreditCounselingInd | 0 | false |
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| IRS990/CYInvestmentIncomeAmt | 0 | 2507796 |
| IRS990/CYOtherExpensesAmt | 0 | 197576 |
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| IRS990/CYRevenuesLessExpensesAmt | 0 | 876717 |
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| IRS990/CYTotalExpensesAmt | 0 | 1631079 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2507796 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | true |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | TO SOLICIT, HOLD, MANAGE, INVEST AND DISTRIBUTE CHARITABLE FUNDS AND REAL PROPERTY FOR ITS NON-PROFIT SOLE MEMBER RISING GROUND, INC.; AND TO PERFORM THE FUNCTION OF, OR CARRY OUT THE PURPOSES OF ITS NON-PROFIT SOLE MEMBER RISING GROUND, INC. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
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| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | G CROSSAN SEYBOLT JR |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | NICK PREDDICE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ALAN E MUCATEL |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CHIEF EXECUTIVE OFFICER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHIEF FINANCIAL OFFICER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2021 |
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| IRS990/GrantsToOrganizationsInd | 0 | true |
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| IRS990/MissionDesc | 0 | TO SOLICIT, HOLD, MANAGE, INVEST AND DISTRIBUTE CHARITABLE FUNDS AND REAL PROPERTY FOR ITS NON-PROFIT SOLE MEMBER RISING GROUND, INC.; AND TO PERFORM THE FUNCTION OF, OR CARRY OUT THE PURPOSES OF ITS NON-PROFIT SOLE MEMBER RISING GROUND, INC. |
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| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
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| IRS990/RelatedEntityInd | 0 | true |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
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| IRS990/ReportOtherLiabilitiesInd | 0 | true |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
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| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | RISING GROUND INC |
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| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Federal Income Taxes |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DUE TO RISING GROUND |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | Closely-held equity interests |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | Financial derivatives |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 2 | STATE STREET HEDGE FUND |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 3 | AUTISM IMPACT |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | FUND FOR RISING GROUND, INC. HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER GAAP. UNDER GAAP, AN ORGANIZATION MUST RECOGNIZE THE TAX LIABILITIES ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS OF JUNE 30, 2025. THE ORGANIZATION HAS FILED IRS FORM 990 TAX RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE IT IS REQUIRED. FOR THE YEAR ENDED JUNE 30, 2025, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES. AS OF JUNE 30, 2025, THE ORGANIZATION WAS NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote |
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| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 10018 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | RISING GROUND, INC. (RG) PREPARES AND SUBMITS A DETAILED REQUEST TO THE FUND FOR RISING GROUND, INC. (FRG). THIS REQUEST INCLUDES A DESCRIPTION OF EACH ITEM OR EXPENSE FOR WHICH RG IS SEEKING FUNDING. BEFORE ANY FUNDS ARE TRANSFERRED, RG MUST CONFIRM THAT THE FUNDS HAVE BEEN SPENT ON THE SPECIFIED ITEMS. THIS STEP ENSURES THAT THE FUNDS ARE USED APPROPRIATELY AND FOR THEIR INTENDED PURPOSES. ONCE RG HAS CONFIRMED THE EXPENDITURE, THEY SUBMIT A REIMBURSEMENT REQUEST TO FRG. THIS REQUEST SERVES AS A FORMAL ACKNOWLEDGMENT THAT THE FUNDS HAVE BEEN UTILIZED AS PLANNED, AND REIMBURSEMENT IS NOW BEING REQUESTED. THESE PROCEDURES ARE DESIGNED TO ENSURE ACCOUNTABILITY AND TRANSPARENCY IN THE USE OF GRANT FUNDS, PROVIDING BOTH RG AND FRG WITH A CLEAR FRAMEWORK FOR FINANCIAL OVERSIGHT AND COMPLIANCE. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds |
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| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | RISING GROUND, INC., AN AFFILIATE OF THE REPORTING ORGANIZATION PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. RISING GROUND HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | RISING GROUND, INC., A RELATED 501(C)(3) ORGANIZATION, IS THE SOLE MEMBER OF THE ORGANIZATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE MEMBER CAN APPOINT AND ELECT MEMBERS OF THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | POWERS RESERVED FOR THE MEMBER INCLUDE APPOINTING AND REMOVING CORPORATE OFFICERS OF THE ORGANIZATION, INCLUDING THE EXECUTIVE DIRECTOR AND CFO, APPROVING CHANGES TO THE CERTIFICATE OF INCORPORATION AND BY-LAWS, APPROVING AND OVERSEEING THE OPERATING AND CAPITAL BUDGETS OF THE CORPORATION, AND APPROVING THE SALE, LEASE, MORTGAGE OR ENCUMBRANCE OF ALL ASSETS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | A COMPLETED FORM 990 IS REVIEWED BY THE MEMBERS OF THE AUDIT AND OVERSIGHT BOARD COMMITTEE. IT IS THEN SENT TO ALL OTHER BOARD MEMBERS FOR THEIR APPROVAL. BEFORE FORM 990 IS SUBMITTED TO THE IRS AND NYS, ANY ISSUES ARE DISCUSSED WITH THE CFO AND THEN BROUGHT TO THE CPA FIRM WHO PREPARED THE RETURN, IF THE ISSUES REMAINED UNRESOLVED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE CONFLICT OF INTEREST POLICY REQUIRES BOARD MEMBERS AND KEY STAFF TO COMPLETE AN ANNUAL DISCLOSURE AGREEMENT. IF ANY CONFLICTS ARE FOUND, THE RELATED INDIVIDUAL IS EXCLUDED FROM THE DISCUSSION AND THE VOTING PROCESS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | TRANSFER OF NET ASSETS FROM RISING GROUND, INC., A RELATED 501(C)(3) ORGANIZATION - 2585011; Total - 2585011; |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Line 15b PROCESS TO ESTABLISH COMPENSATION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 6 Classes of members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 7a Members or stockholders electing members of governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 11b Review of form 990 by governing body |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Line 12c Conflict of interest policy |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part VI, Line 19 Required documents available to the public |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part XI, Line 9 Other changes in net assets or fund balances |
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| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 1 | NA |
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