Rise Foundation
Rise Foundation
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About this organization
Mission
To empower people to become self-sufficient by building and sustaining human and financial assets. “The curse of poverty has no justification in our age. . . . The time has come for us to civilize ourselves by the total, direct and immediate abolition of poverty.”--Martin Luther King, Jr. The curse of poverty is the cause of many of our country’s worst problems – from crime to illness to hopelessness and despair. From the outside, we are the wealthiest nation in the world, often referred to as the land of opportunity. But there are deep pockets of poverty, tucked away in patches of our nation - especially in Memphis. Memphis has more than its share of people living in poverty – 26.2 percent, compared with 14.3 percent nationwide. Ours is the highest poverty rate for an urban community our size in the country. Our city is also awash with predatory lenders (payday lenders, check cashing stores, and title loan operations) taking advantage of the unfortunate and uninformed, and trapping the working poor in a cycle of debt. In Memphis today, the reality is that more people are sliding backward than are advancing. The effects of poverty are not just felt in “poor” neighborhoods. RISE has a bold vision for Memphis – RISE will transform the financial well-being of low income working people, thereby improving the community. And we have proven programs that turn this vision into a reality. This vision for Memphis is not out of reach. People in Memphis can have financial independence and hope. RISE is ready. RISE teaches low income working people to make better financial decisions that will improve their lives – and the community. Our programs are among the most innovative and successful in the country. “We pay for what we don’t know.”
About
THE ORGANIZATION OPERATES THE FOLLOWING PROGRAMS - SAVE UP, GOAL CARD, COMMON CENTS, AND SILVER NEIGHBORS PROGRAM. SAVE UP IS A SAVINGS PROGRAM THAT INCLUDES BASIC FINANCIAL EDUCATION WITH A SAVINGS INCENTIVE. GOAL CARD IS A REPORT CARD INCENTIVE BASED PROGRAM. COMMON CENTS IS A WORKPLACE-BASED BASIC FINANCIAL EDUCATION PROGRAM. SILVER NEIGHBORS IS A FINANCIAL EDUCATION AWARENESS PROGRAM FOR SENIOR CITIZENS.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “Rise foundation, inc. empowers people to become self sufficient by building and sustaining human and financial assets.”.
When referring to its tasks, they were described as: “The organization's mission is to empower people to become self sufficient by building and sustaining human and financial assets.”.
- The non-profit is operating legally in the state of TN.
- The non-profit's address for the year 2020 is listed as 2650 THOUSAND OAKS BLVD NO 2400, MEMPHIS, TN, 38118 in the filing.
- The form submitted by the non-profit organization for 2020 reports 13 employees.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $140,766.
- The organization has 24 independent voting members.
- The organization was formed in 1999.
- The organization pays $570,705 in salary, compensation, and benefits to its employees.
- The organization pays $211,739 in fundraising expenses.