Civic Intelligence

Rivet Global

990 • Fiscal year 2022 • EIN 87-3214262

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 03, 2023

Organization Profilerivet.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

98th percentile

3.11x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

91st percentile

0.44x

Higher debt load relative to revenue than 91% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

5th percentile

-149%

Higher net margin than 5% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$239,167

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 65.7% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

4th percentile

-90%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

11th percentile

-49%

Faster revenue growth than 11% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$51,280

Down $458,621 (-90%) from 2021

Net Assets

Down

-$108,047

Down $542,528 (-125%) from 2021

Liabilities

Up

$159,327

Up $83,907 (+111%) from 2021

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin5th percentile

Revenue

Down

$363,780

Down $356,230 (-49%) from 2021

Expenses

Up

$906,308

Up $620,779 (+217%) from 2021

Net Income

Down

-$542,528

Down $977,009 (-225%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

2022

Assets$51,280
Liabilities$159,327
Net Assets-$108,047
Open 2022 Filing

Operations Trend

Revenue Growth11th percentile

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

2022

Revenue$363,780
Expenses$906,308
Net Income-$542,528
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 3, 2023
Return Version
2022v5.0
Gross Receipts
$363,780
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.

Rivet is a brand and micro-funding engine harnessing the power of youth through partnering with companies, NGOs, and influencers. We fund and amplify youth-led social change through the brands and products they choose every day.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$483,125$40,280▼ $442,845
Accounts Receivable$26,776$0▼ $26,776
Intangible Assets$0$11,000▲ $11,000
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$509,901$51,280▼ $458,621
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$75,420$159,327▲ $83,907
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$75,420$159,327▲ $83,907
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$434,481$-108,047▼ $542,528
Total Net Assets Fund Balance$434,481$-108,047▼ $542,528
Total Liabilities and Net Assets / Fund Balance$509,901$51,280▼ $458,621
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christina RoseChief Marketing and Growth OfficerFT$224,167$15,000$239,167
Eric DawsonPresident & CEOFT$142,083$30,000$172,083
Eric DawsonCEO, President, Clerk-$142,083$30,000$172,083
Michael ReddyChief of StaffFT$96,750$12,094$108,844

Board Members and Trustees

NameTitle
Bobby JonesBoard Member
Emily McCannTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$363,780
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$363,780
Change in Net Assets
$-542,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$363,780
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$83,750
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$447,530
Total Revenue per Form 990
$363,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$484,960
Other Expenses$377,693
Total Fundraising Expense$124,817
Professional Fundraising Fees$43,655
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$318,364$110,209$34,021$462,594
Fees for Services Other$131,562$78,578$44,660$254,800
Information Technology$43,500$8,551$0$52,051
Fees for Services Professional Fundraising--$43,655$43,655
Advertising$30,000$0$0$30,000
Payroll Taxes$15,627$4,725$2,014$22,366
Fees for Services Accounting$0$19,150$0$19,150
Travel$990$7,283$467$8,740
Fees for Services Legal$0$8,200$0$8,200
Office Expenses$0$1,773$0$1,773
Occupancy$0$1,715$0$1,715
Insurance$0$1,174$0$1,174
Conferences and Meetings$0$90$0$90
Total Functional Expenses$540,043$241,448$124,817$906,308

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$990,058
Expenses per Audited Statements$906,308
Total Expenses per Form 990$906,308
Expenses Not Reported on Form 990$83,750
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

International Summary

Offices
0
Employees
3
Spending
$146,942

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland and Greenland)Program ServicesProgram development01$61,991
Middle East and North AfricaProgram ServicesProgram development01$56,664
Sub-Saharan AfricaProgram ServicesOperations services01$28,287
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$43,655
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 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 President reviews the 990. It is then presented to the full board of directors prior to filing with the Internal Revenue Service.”

Form 990, Part VI, Section B, Line 15

“In designing the organization, RIVET hired a consulting firm which performed a benchmarking of salaries.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

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

Signing Officer

Name
Eric Dawson
Title
President & CEO
Phone
6173087836
Signed
2023-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Dawson
Formed
2021
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
2
Employees
2
Volunteers
2

Preparer

Firm
100 Degrees Consulting
Address
PO Box 222, Clarence Center, NY 14032
Preparer
Stephanie Skryzowski
Phone
2034999774
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“RIVET began work on its exempt activities in 2022 by connecting with brand partners and youth organizers.”

Form 990, Part IX, Line 11G

“Design - 44235; Management - 118654.77; Marketing -35800; Operations - 28286.5; Program - 2373.75; Recruitment - 8000; Fiscal Agent - 17,449.45”

Raw XML AppendixShowing 400 of 614 raw XML fields

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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IRS990/Desc0Successfully completed a pilot with a commercial consumer brand to prove our business model. Built our brand and created a strong pipeline of potential commercial partners to work with the following year.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Christina Rose
IRS990/Form990PartVIISectionAGrp/PersonNm1Eric Dawson
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chief Marketing and Growth Officer
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IRS990/OccupancyGrp/TotalAmt01715
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01773
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt01773
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02014
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04725
IRS990/PayrollTaxesGrp/ProgramServicesAmt015627
IRS990/PayrollTaxesGrp/TotalAmt022366
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Eric Dawson
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYContributionsGrantsAmt0720010
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03001
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0146972
IRS990/PYRevenuesLessExpensesAmt0434481
IRS990/PYSalariesCompEmpBnftPaidAmt0135556
IRS990/PYTotalExpensesAmt0285529
IRS990/PYTotalRevenueAmt0720010
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-542528
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The 2021 Tax Year was a short year for FY 1/1/2021 to 12/31/21. The organization began operations on September 29, 2021.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part I, Line 1
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0363780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0720010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01083790
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01083790
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0363780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0720010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01083790
IRS990ScheduleA/TotalSupportAmt01083790
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt083750
IRS990ScheduleD/DonatedServicesUseFcltsAmt083750
IRS990ScheduleD/ExpensesNotReportedAmt083750
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0906308
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt083750

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$51,280
Liabilities
$159,327
Net assets
-$108,047
Revenue
$363,780
Expenses
$906,308
Net income
-$542,528
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