Overview
What is Rise Economy?
Rise Economy is a prominent nonprofit organization situated in San Francisco, California. Their mission is to establish an equitable and inclusive economy that caters to the needs of low-income communities and communities of color. To achieve this goal, they engage in various activities, such as advocating for progressive policies, pushing for fair banking practices, and empowering communities. In 2022, they negotiated Community Benefits Agreements with Umpqua Bank, U.S. Bank, and BMO Harris Bank, aiming to mitigate the negative impacts of bank mergers. They also organized to strengthen the Community Reinvestment Act and advocated for policies addressing race, displacement, and harm. In terms of policy victories, Rise Economy played a significant role in the passage of AB 1837, the Homes in Community Hands Act. They also implemented the California Public Banking Option Act, which provides a no-fee, no-penalty debit account to help close the wealth gap. Furthermore, the organization offers grants and capacity-building for emerging, BIPOC-led Community Development Financial Institutions (CDFIs) and extends its financial education programs to community members and micro-entrepreneurs. With over 300 member organizations across California, Rise Economy is the largest statewide community reinvestment coalition in the U.S., working tirelessly to ensure a just and equitable business environment for underserved communities.
Official website here: www.rise-economy.org
Is Rise Economy legitimate?
Rise Economy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rise Economy submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $874,767
Professional Fundraising Fees: $0
Other Salaries and Wages: $738,599
For more financial information, click here
Official website here: www.rise-economy.org
What is the mission statement of Rise Economy?
Rise Economy's mission is centered around establishing a more inclusive and equitable economy that caters to the needs of communities of color and low-income communities. The organization strives to achieve this by encouraging banks and corporations to invest and conduct business in these communities in a just and fair manner. As the largest statewide community reinvestment coalition in the United States, with over 300 member organizations across California, Rise Economy aims to disrupt systems of oppression and improve access to essential services for thousands of Californians. Their member base includes various organizations such as affordable housing developers, community development financial institutions, and legal services agencies, among others.
Official website here: www.rise-economy.org
Who is the CEO of Rise Economy?
Paulina Gonzalez-Brito is the Executive Dir. of Rise Economy.
Official website here: www.rise-economy.org
What is the revenue of Rise Economy?
Who are the executives of Rise Economy and what are their salaries?
The average compensation at Rise Economy during 2022 was $89,631. There are 18 employees and 12 volunteers at Rise Economy.
Here are 18 key members and their salaries:
- Paulina Gonzalez-Brito (Executive Dir.)
- Kevin Stein (Chief Of Legal)
- Jyotswaroop Bawa (Chief Of Org.)
- John Hoffma (Cdo)
- Brian Maxey (Cco)
- Jose Olivas (Cfo)
- Sharon Kinlaw (Board Chair) [Trustee/Director]
- Gloria Bruce (Vice Chair) [Trustee/Director]
- Paul Ainger (Treasurer) [Trustee/Director]
- Elba Schildcrout (Secretary) [Trustee/Director]
- Chancela Al-Mansour (Board Member) [Trustee/Director]
- Nikki Beasley (Board Member) [Trustee/Director]
- Joe Ridout (Board Member) [Trustee/Director]
- Vanessa Carter (Board Member) [Trustee/Director]
- Luis Granados (Board Member) [Trustee/Director]
- Clarence Williams (Board Member) [Trustee/Director]
- Stephanie Carroll (Board Member) [Trustee/Director]
- Bill Pavao (Board Member) [Trustee/Director]
Official website here: www.rise-economy.org
Where can I find the form 990 for Rise Economy?
The Rise Economy’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.rise-economy.org
Learn more at the official website: www.rise-economy.org
Mission Statement of Rise Economy
Rise Economy, a prominent organization, is dedicated to constructing an economy that caters to the needs of communities of color and low-income communities. Its mission is to ensure that corporations and banks invest and conduct business in these communities in a just and equitable manner. By doing so, Rise Economy seeks to disrupt oppressive systems that have historically excluded these communities from economic opportunities.
As the largest statewide community reinvestment coalition in the United States, Rise Economy boasts over 300 member organizations spread across California. These diverse entities, which include affordable housing developers, community development financial institutions, legal services agencies, and community-based organizations, serve thousands of Californians. Through their collective efforts, Rise Economy strives to create an inclusive and fair economy that addresses the unique challenges faced by low-income communities and communities of color.
Impact
This information is meant to be a general summary of Rise Economy. Please take the time to review official sources before making any decisions based upon the content provided here.
Sunday, July 21, 2024
Rise Economy's impact is significant in building an inclusive and fair economy that meets the needs of communities of color and low-income communities. Through their efforts, they have secured $80 billion in Community Benefits Agreements with banks like Umpqua Bank, U.S. Bank, and BMO Harris Bank. Rise Economy has also worked towards fixing the Community Reinvestment Act by conducting workshops, briefings, and mobilizing their members to advocate for a stronger framework that considers race, displacement, and harm.
Additionally, Rise Economy has played a role in progressive policy changes, including the passage of AB 1837, the Homes in Community Hands Act, which tackles issues related to large corporate landlords. They have also implemented the California Public Banking Option Act to address wealth inequality by providing a no-fee, no-penalty debit account. Rise Economy's Community Empowerment initiatives have involved providing grants and capacity-building for BIPOC-led CDFIs, expanding financial education programs in Southern California, and equipping nonprofit leaders through their Racial & Economic Justice Cohort.
Overall, Rise Economy's impact is felt through their advocacy for equitable banking practices, policy changes, and community empowerment initiatives that aim to address the needs of marginalized communities and disrupt systems of oppression.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1992
Phone
(415) 864-3980
Principal Officer
Paulina Gonzalez-Brito
Main Address
77 Van Ness Ave Suite 101-1312, San Francisco, CA, 94102
Website
www.rise-economy.org
NTEE Category
Code: Z99Z - Unknown
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