2024-11-05T13:48:17-08:00 2023-12-31 204994635 Iryna AC 1000 Broadway Ste 200-C Oakland CA 94607 990 2023-01-01 943153815 Rise Economy RISE 4158643980 77 Van Ness Ave Suite 101-1312 San Francisco CA 94102 Paulina Gonzalez-Brito CEO 2024-11-05 true true Kostyantyn Oreshkov EA P00923916 5104679506 2023 2024-10-15 13:58:12Z Paulina Gonzalez-Brito 77 Van Ness Ave Suite 101-1312 San Francisco CA 94102 3072738 false X www.rise-economy.org X 1992 CA The Organization's mission is to build an inclusive and fair economy that meets the needs of communities of color and low-income communities by ensuring that banks and other corporations invest and conduct business in communities in a just and equitable manner. 10 10 22 14 0 1196518 3008230 0 7391 41148 -15979 -11632 1187930 3037746 300000 0 1830340 2067056 0 176457 606842 440719 2437182 2807775 -1249252 229971 4631946 3756707 1240695 129652 3391251 3627055 The Organization works to build an inclusive and fair economy that meets the needs of low-income communities and communities of color by disrupting systems of oppression. The Organization is the largest statewide community reinvestment coalition in the country, with over 300 member organizations across California that provide services to thousands of Californians. The members include affordable housing developers, community development financial institutions, housing counseling agencies, small business technical assistance providers, legal services agencies, and community-based organizations. false false 2386946 300000 In 2023, Rise Economy, formerly known as the California Reinvestment Coalition, made substantial strides in advocating for economic and racial justice through various impactful initiatives. Here are some key achievements:Community Benefit Agreements (CBAs):Negotiated more than $10 billion in CBAs for California communities.Successfully advocated for First Citizens Bank to adopt a multi-billion dollar CBA previously held by the now-defunct Silicon Valley Bank, with $9 billion dedicated to California community needs.Advocacy and Policy Influence:Advanced state legislative policy campaigns.Engaged over 300 organizations in campaigns to promote racial and economic justice.Published six in-depth research and policy reports.Economic Wellness Promotores Program:Connected 1,000 families to financial wellness resources. Promotores engaged in community outreach, imparting essential economic and financial preparedness insights.Resilience Fund Program:Through grants to CDFIs, the Resilience Fund Cohort provided $5.5 million in loans to small businesses and micro-entrepreneurs. Processed 1,027 loans with a 94.6% average repayment rate.Created or sustained 118 small businesses and 853 micro-businesses, impacting 1,249 families.Public Policy Initiatives:Launched a campaign to increase transparency in property ownership in California.Initiated conversations on establishing a California-level Community Reinvestment Act (CRA) for state-chartered banks and financial institutions.Corporate Advocacy:Addressed 44 bank CEOs with concerns over litigation and lobbying efforts opposing racial equity.Engaged in discussions with several major banks to align their actions with public statements supporting racial equity.Community Impact and Partnerships:Held banks accountable to their CRA commitments, with 156 community leaders from 118 organizations participating in at least one bank meeting to advocate for community needs. 2386946 true true false true false false false false false false true false false false false true false true false false false false false false true false false true false true false false false false false true false false false false false false true false false false false true 6 0 true 22 true false false false false false true true false 0 false false false false false false false X 10 10 false false false false true true true true true false false true true true true true true true true false CA X Kevin Matthews 2134080510 2780 Skypark Drive Ste 201 Torrance CA 90505 Paulina Gonzalez-Brito CEO 40.00 0.00 X 208534 0 26225 Kevin Stein Chief of Legal 40.00 0.00 X 157437 0 23294 Jyotswaroop Bawa Chief of Org. 40.00 0.00 X 129787 0 20847 Jose Olivas CFO 40.00 0.00 X 122308 0 20473 John Hoffman CDO 40.00 0.00 X 123917 0 14406 Brian Maxey CCO 40.00 0.00 X 123072 0 14364 Chancela Al-Mansour Board Chair 2.00 0.00 X X 0 0 0 Elbe Serrano Vice Chair 2.00 0.00 X X 0 0 0 Jillian Spindle Treasurer 2.00 0.00 X X 0 0 0 Vanessa Carter Fahnestock Secretary 2.00 0.00 X X 0 0 0 Eric Payne Board Member 2.00 0.00 X 0 0 0 Herman Barahona Board Member 2.00 0.00 X 0 0 0 Joe Ridout Board Member 2.00 0.00 X 0 0 0 Kendra Lewis Board Member 2.00 0.00 X 0 0 0 Nikki Beasley Board Member 2.00 0.00 X 0 0 0 Stephanie Carroll Board Member 2.00 0.00 X 0 0 0 Clarence Williams Board Member 2.00 0.00 X 0 0 0 Paul Ainger Board Member 2.00 0.00 X 0 0 0 Sharon Kinlaw Board Member 2.00 0.00 X 0 0 0 Bill Pavao Board Member 2.00 0.00 X 0 0 0 865055 119609 6 false true false 0 30050 262056 41453 2674671 3008230 0 41148 41148 0 0 0 0 23360 262056 34992 -11632 -11632 0 0 0 3037746 29516 300000 300000 0 0 0 984664 797953 58948 127763 0 821702 801959 2022 17721 37443 34633 2628 182 89211 79488 5769 3954 134036 115937 8496 9603 0 5435 1540 3895 48127 48127 0 0 0 183596 162455 7796 13345 0 81646 33566 46297 1783 0 0 30234 30234 16619 7015 9046 558 0 16733 9707 7026 0 0 3234 3234 16980 12160 3812 1008 Member Outreach 19389 18389 1000 Dues and other charges 18726 12144 6042 540 0 2807775 2386946 244372 176457 1177932 1838111 2004020 1353950 1400000 521453 0 0 0 0 0 176 5419 15738 14170 4802 1568 43956 35146 0 0 0 1060 1060 4631946 3756707 1240695 129652 1240695 129652 X 1102691 936551 2288560 2690504 3391251 3627055 4631946 3756707 229971 5833 X false true X true false X 2122721 2111860 5669215 1196518 3008230 14108544 0 0 2122721 2111860 5669215 1196518 3008230 14108544 2980918 11127626 4899 3903 2052 7391 41148 59393 0 3005 370 43 3418 14171355 36000 0.78520 0.79430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 351 56256 56607 2330339 2386946 269347 67337 false 235898 295228 244779 269347 1045252 1567878 10368 29214 56607 96189 58975 73807 61195 67337 261314 391971 2125 2003 309 351 4788 11185 9617 1568 4553 4553 1568 X 3078571 5833 34992 40825 3037746 3037746 2842767 34992 34992 2807775 2807775 Part X : FIN48 Footnote The Organization is not classified as a private foundation and is exempt from federal and state income taxes under section 501(c)3 of the Internal Revenue Code and Section 23701(d) of the California Code. The Organization is a publicly supported organization. The Financial Accounting Standards Board prescribes a recognition threshold and a measurement attribute for financial statement recognition of tax positions taken or expected to be taken on a tax return. Management has evaluated its uncertain tax positions and related income tax contingencies and does not believe any material tax positions exist. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 Fundraisings events (Net) $34992 Part XII, Line 2d: Other expenses and losses per audited F/S Fundraisings events (Net) $34992 false Los Angeles event 147314 135554 11760 2000 9667 4580 Oakland event 138102 126502 11600 14917 3828 285416 262056 23360 2000 24584 8408 34992 -11632 false Friends of Public Bank EB 680 66th Street Oakland CA 94609 844537320 501(c)(3) 50000 0 to establish a Public Bank San Francisco Foundation 1 Embarcadero Center San Francisco CA 94111 010679337 501(c)(3) 250000 0 To Establish a Donor Advised Fund 2 0 X X X false false false false false false false false false Jyotswaroop Bawa Chief of Org. 129787 6489 14358 150634 Kevin Stein Chief of Legal 157437 7872 15422 180731 Paulina Gonzalez-Brito CEO 208534 10427 15798 234759 CCEDA Ex-Board Member 57000 Independent Contractor false Form 990, Part VI, Section A, Line 6 All members must be approved by a majority vote in a meeting with a duly constituted quorum. Form 990, Part VI, Section A, Line 7a All new members must be approved by a majority vote in a meeting with a duly constituted quorum. Form 990, Part VI, Section A, Line 7b All decisions must be approved by a majority vote by a duly constituted meeting, consisting of a quorum. The Board reserves the right to appoint a committee to act on its' behalf. Form 990, Part VI, Section B, Line 11b A copy of the draft Form 990 is submitted to the full Board of Directors for review prior to filing with the IRS. The Form 990 is approved by resolution and is subsequently filed. Form 990, Part VI, Section B, Line 12c All Board Members must complete the conflict of interest policy at the beginning of every year and attest to any potential conflicts. Any Member must abstain from voting on any resolution before the board for which they have a conflict. Form 990, Part VI, Section B, Line 15a Upon a performance review of Executive Director including input from members of the Board of Directors, the Executive Director's compensation was determined using key performance metrics. Compensation was approved by the full Board of Directors. Form 990, Part VI, Section C, Line 19 Available upon request Rise Economy Resilience Loan Fund RLF 77 Van Ness Ave Suite 101-1312 San Francisco CA 94102 to operate for exempt purposes CA Rise Economy false false false false false false false false false false false false false false false false false false false