Civic Intelligence

Rivet Global

990 • Fiscal year 2021 • EIN 87-3214262

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization ProfileWWW.RIVET.ORG
30 Hecla StreetDorchester, MA 02122

(617) 308-7836

Siviq Scores

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

Liabilities / Assets

70th percentile

0.15x

Higher debt load relative to assets than 70% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

91st percentile

60%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets70th percentile

Assets

$509,901

No earlier filing loaded for comparison.

Net Assets

$434,481

No earlier filing loaded for comparison.

Liabilities

$75,420

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin91st percentile

Revenue

$720,010

No earlier filing loaded for comparison.

Expenses

$285,529

No earlier filing loaded for comparison.

Net Income

$434,481

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KAssets 2021: $509,901Liabilities 2021: $75,420Net Assets 2021: $434,4812021Assets 2022: $51,280Liabilities 2022: $159,327Net Assets 2022: -$108,0472022Assets 2023: $139,379Liabilities 2023: $121,200Net Assets 2023: $18,1792023Assets 2024: $1,067,985Liabilities 2024: $376,000Net Assets 2024: $691,9852024

Highlighted filing

2021

Assets$509,901
Liabilities$75,420
Net Assets$434,481
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MRevenue 2021: $720,010Expenses 2021: $285,529Net Income 2021: $434,4812021Revenue 2022: $363,780Expenses 2022: $906,308Net Income 2022: -$542,5282022Revenue 2023: $1,117,650Expenses 2023: $991,424Net Income 2023: $126,2262023Revenue 2024: $1,634,982Expenses 2024: $961,176Net Income 2024: $673,8062024

Highlighted filing

2021

Revenue$720,010
Expenses$285,529
Net Income$434,481
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$720,010
Mission and Program Overview

Mission

Rivet is a brand and micro-funding engine harnessing the power of youth. It does so by funding and amplifying youth-led social change through brands and products they choose everyday.

The organization is organized for the purposes of providing support for youth-led social change by harnessing the collective economic power of young people to support, fund, and accelerate young people's ideas for a better world, by any appropriate means. (see schedule o)this includes: (i) partner with companies to co-brand products and experiences that allow youth to channel funding to other young people leading change; (ii) through non-governmental organizations partners, provide funding and mentorship to young people launching new social impact projects in their communities; (iii) partner with storytellers to amplify positive stories of youth led projects across the globe; and partner with youth throughout the world to create opportunitiesto learn about youth-led social change and express their shared sense of community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$483,125-
Accounts Receivable-$26,776-
Total Assets$0$509,901▲ $509,901
Liabilities
Accounts Payable and Accrued Expenses-$75,420-
Total Liabilities$0$75,420▲ $75,420
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$434,481-
Total Net Assets Fund Balance$0$434,481▲ $434,481
Total Liabilities and Net Assets / Fund Balance$0$509,901▲ $509,901
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Eric DawsonCEO, President, Clerk
Bobby JonesBoard Member
Christina RoseChief Marketing & Growth Officer
Emily MccannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$720,010
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$720,010
Change in Net Assets
$434,481

Audited Revenue Reconciliation

Revenue per Audited Statements
$720,010
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$60,000
Total Revenue per Audited Statements
$780,010
Total Revenue per Form 990
$720,010
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,972
Salaries, Compensation, and Employee Benefits$135,556
Total Fundraising Expense$99,347
Grants and Similar Amounts Paid$3,001
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$67,799$23,810$54,578$146,187
Other Salaries and Wages$52,059$28,201$37,077$117,337
Other Employee Benefits$4,669$3,167$5,518$13,354
Payroll Taxes$1,736$955$2,174$4,865
Grants to Domestic Individuals$3,001--$3,001
Occupancy$369$305-$674
Other Expenses-$111-$111
Total Functional Expenses$129,633$56,549$99,347$285,529

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$345,529
Expenses per Audited Statements$285,529
Total Expenses per Form 990$285,529
Expenses Not Reported on Form 990$60,000
Expenses Not Reported on Financial Statements$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
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
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

Governance Explanations

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

“Rivert was established in september 2021 and began operations in deceber 2021. Due to timing of inccorporation, no meetings were held in 2021. Rivert intends on holding meetings in 2022 and contemporaneously documenting such meetings of the governing body.”

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

“There are no committees with the authority to act on behalf of the governing board.”

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

“The 2021 form 990 is the initial form 990 of rivet. The form 990 has been provided to the full board for review prior tofiling with the internal revenue service.”

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

“All board members are required to sign conflict of interest form after reading the policy annually.”

Form 990, Part VI, Section B, Line 15

“In designing the rivet business model, including staffing design, budgets, and compensation, rivet (then part of peace first) hired a consulting firm which performed a benchmarking of salaries. Furthermore, when the non-ceo roles were further refined and launched in the marketplace the cmo compensation was validated by the rivet advisory council (a network of industry experts) and the others were by our hiring consultant.”

Form 990, Part VI, Section C, Line 19

“Rivet makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Rivet Global Inc
EIN
87-3214262
Phone
6173087836
Address
30 HECLA STREET, DORCHESTER, MA 02122

Signing Officer

Name
Emily Mccann
Title
Treasurer
Phone
6173087836
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emily Mccann
Formed
2021
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
CONDON O'MEARA MCGINTY & DONNELLY LLP
Address
ONE BATTERY PARK PLAZA 7TH FL, NEW YORK, NY 10004
Preparer
Alexander Lazzaruolo
Phone
2126617777
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting fees and contract employees : program service expenses 67,799. Management and general expenses 23,810. Fundraising expenses 0. Total expenses 91,609. Fiscal agent fees: program service expenses 0. Management and general expenses 0. Fundraising expenses 54,578. Total expenses 54,578.”

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IRS990/MissionDesc0RIVET IS A BRAND AND MICRO-FUNDING ENGINE HARNESSING THE POWER OF YOUTH. IT DOES SO BY FUNDING AND AMPLIFYING YOUTH-LED SOCIAL CHANGE THROUGH BRANDS AND PRODUCTS THEY CHOOSE EVERYDAY.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0RIVET GLOBAL, INC. WAS INCORPORATED ON SEPTEMBER 29, 2021 IN THE COMMONWEALTH OF MASSACHUSETTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RIVERT WAS ESTABLISHED IN SEPTEMBER 2021 AND BEGAN OPERATIONS IN DECEBER 2021. DUE TO TIMING OF INCCORPORATION, NO MEETINGS WERE HELD IN 2021. RIVERT INTENDS ON HOLDING MEETINGS IN 2022 AND CONTEMPORANEOUSLY DOCUMENTING SUCH MEETINGS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 2021 FORM 990 IS THE INITIAL FORM 990 OF RIVET. THE FORM 990 HAS BEEN PROVIDED TO THE FULL BOARD FOR REVIEW PRIOR TOFILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST FORM AFTER READING THE POLICY ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN DESIGNING THE RIVET BUSINESS MODEL, INCLUDING STAFFING DESIGN, BUDGETS, AND COMPENSATION, RIVET (THEN PART OF PEACE FIRST) HIRED A CONSULTING FIRM WHICH PERFORMED A BENCHMARKING OF SALARIES. FURTHERMORE, WHEN THE NON-CEO ROLES WERE FURTHER REFINED AND LAUNCHED IN THE MARKETPLACE THE CMO COMPENSATION WAS VALIDATED BY THE RIVET ADVISORY COUNCIL (A NETWORK OF INDUSTRY EXPERTS) AND THE OTHERS WERE BY OUR HIRING CONSULTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RIVET MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING FEES AND CONTRACT EMPLOYEES : PROGRAM SERVICE EXPENSES 67,799. MANAGEMENT AND GENERAL EXPENSES 23,810. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,609. FISCAL AGENT FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 54,578. TOTAL EXPENSES 54,578.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0129633
IRS990/TotalFunctionalExpensesGrp/TotalAmt0285529
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt075420
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt075420
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0434481
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0129633
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0720010
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0509901
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt030 HECLA STREET
IRS990/USAddress/CityNm0DORCHESTER
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002122
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.RIVET.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EMILY MCCANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06173087836
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RIVET GLOBAL INC
ReturnHeader/Filer/BusinessNameControlTxt0RIVE
ReturnHeader/Filer/EIN0873214262
ReturnHeader/Filer/PhoneNum06173087836
ReturnHeader/Filer/USAddress/AddressLine1Txt030 HECLA STREET
ReturnHeader/Filer/USAddress/CityNm0DORCHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002122
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0133628255
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CONDON O'MEARA MCGINTY & DONNELLY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BATTERY PARK PLAZA 7TH FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010004
ReturnHeader/PreparerPersonGrp/PhoneNum02126617777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ALEXANDER LAZZARUOLO
ReturnHeader/ReturnTs02022-11-15T07:53:04-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0EMILY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MCCANN
ReturnHeader/TaxPeriodBeginDt02021-09-29
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$509,901
Liabilities
$75,420
Net assets
$434,481
Revenue
$720,010
Expenses
$285,529
Net income
$434,481
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.38$0.69$1.63$0.96$0.67
2023Detailed filing. Detailed filing data is available for this year.$0.14$0.12$0.02$1.12$0.99$0.13
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.16$0.11$0.36$0.91$0.54
2021Detailed filing. Detailed filing data is available for this year.$0.51$0.08$0.43$0.72$0.29$0.43