Nonprofit · EIN 99-1777494
NEW RISING VENTURES
Tax-exempt · LOS ANGELES, CA 90034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $735,300 | $969,430 | -$234,130 | $213,591 | $84,773 | $128,818 |
| December 31, 2024 | 990 | $363,166 | $218 | $362,948 | $422,948 | $60,000 | $362,948 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $735,300
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $318,316
- Other salaries and wages
- $253,852
- Salaries, compensation and benefits (total)
- $667,263
- Professional fundraising fees
- $0
- Legal fees
- $299
- Accounting fees
- $45,775
- Occupancy
- $3,756
- Travel
- $25,893
- Program services (functional)
- $614,604
- Management and general (functional)
- $116,762
- Fundraising (functional)
- $238,084
Balance sheet and other
- Total assets, start of year
- $422,948
- Total assets, end of year
- $213,591
- Total liabilities, end of year
- $84,773
- Net assets, end of year
- $128,818
- Net assets without donor restrictions
- $128,818
- Gross receipts
- $735,300
- Employees
- 6
- Year formed
- 2024
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JESSICA SALINAS | CO-PRESIDENT Trustee or director, Officer | 29.47 | $145,447 | $13,862 |
| PHILLIP SANDERS | CO-PRESIDENT Officer | 29.47 | $145,450 | $13,557 |
| DANIEL FORKKIO | SECRETARY & Trustee or director, Officer | 1 | $0 | $0 |
| CARLISSIA GRAHAM | TREASURER & Trustee or director, Officer | 1 | $0 | $0 |
| HAYWOOD L PERRY III | BOARD Trustee or director | 1 | $0 | $0 |
| AARON MITCHELL | BOARD Trustee or director | 1 | $0 | $0 |
| MEL OCHOA | BOARD Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL FORKKIO | TREASURER & Trustee or director, Officer | 1 | $0 |
| CARLISSIA GRAHAM | SECRETARY & Trustee or director, Officer | 1 | $0 |
| HAYWOOD L PERRY III | BOARD Trustee or director | 1 | $0 |
| AARON MITCHELL | BOARD Trustee or director | 1 | $0 |
| MEL OCHOA | BOARD Trustee or director | 1 | $0 |
| JESSICA SALINAS | PRESIDENT & Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3126 SOUTH SEPULVEDA BLVD 1170, LOS ANGELES, CA 90034-4236
- Principal officer (990 for 2025)
- JESSICA SALINAS
- Signed the 990
- PHILLIP SANDERS, CO-PRESIDENT
- Phone
- (510) 866-1006
- Website
- WWW.NEWRISINGVENTURES.ORG
- Return prepared by
- SOZO CONSULTING
California records
California keeps its own records of charities and corporations. Search them by EIN 99-1777494 or by the name NEW RISING VENTURES.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
NEW RISING VENTURES SUPPORTS EARLY-STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION AND BRIDGES A CRITICAL GAP NOT FULFILLED BY TRADITIONAL GRANT-MAKERS OR VENTURE CAPITAL. OUR SIGNATURE FOUR ACTIVITIES INCLUDE INVESTMENTS AND GRANTMAKING, PORTFOLIO SUPPORT, FIELD BUILDING, AND CONVENINGS.
Program accomplishments
- IN 2025, NEW RISING VENTURES CONTINUED TO BUILD STRONG MOMENTUM ACROSS OUR RESPONSIBLE AI AND LATINE VOICES FOR DEMOCRACY INITIATIVES, WHILE DEEPENING OUR FOCUS ON INTERNAL CULTURE AND OPERATIONAL SUSTAINABILITY. LATINE VOICES FOR DEMOCRACY (LV4D) IS THE FIRST U.S.-BASED ACCELERATOR OF ITS KIND DELIVERED BILINGUALLY AND FOCUSED ON LATINE-LED NEWS ORGANIZATIONS AND CONTENT CREATORS. IT IS DESIGNED TO STRENGTHEN LOCAL INFORMATION ECOSYSTEMS, ADVANCE NONPARTISAN CIVIC EDUCATION, SUPPORT COMMUNITY-SERVING JOURNALISM, AND EMPOWER TRUSTED LATINE-LED ORGANIZATIONS TO COMBAT MISINFORMATION AND FOSTER CIVIC ENGAGEMENT. IN 2025, WE EXPANDED LV4D BY LAUNCHING A SECOND ACCELERATOR COHORT, BRINGING CREATORS AND LOCAL NEWSROOMS TOGETHER AS EQUAL PARTNERS IN INFORMING THE PUBLIC AND ENCOURAGING CIVIC PARTICIPATION. OVER SEVEN MONTHS, PARTICIPANTS RECEIVE TARGETED MENTORSHIP, TRAINING, AND PARTNERSHIP SUPPORT FROM MISSION-ALIGNED TECHNOLOGY AND MEDIA ORGANIZATIONS TO DEEPEN THEIR COMMUNITY ENGAGEMENT, STORYTELLING, AND AUDIENCE-BUILDING CAPACITY, AS WELL AS CAPITAL, TECHNICAL TOOLS, AND TRAINING ON CAPITAL STRUCTURE AND IMPACT MEASUREMENT TO SUPPORT THEIR LONG-TERM SUSTAINABILITY. A MAJOR MILESTONE WAS THE LAUNCH OF OUR RESPONSIBLE AI FUNDING CYCLE UNDER THE RISING FUND, UNDERSCORING BOTH THE STRENGTH OF THE APPLICANT POOL AND OUR COMMITMENT TO BACKING HIGH-IMPACT ORGANIZATIONS AT THE INTERSECTION OF TECHNOLOGY, DEMOCRACY, AND SOCIAL GOOD. WE ALSO MADE TARGETED INVESTMENTS IN ORGANIZATIONAL CAPACITY DURING THE 2025 TAX YEAR, HIRING AND ONBOARDING A DIRECTOR OF FUNDRAISING TO SHARPEN OUR DEVELOPMENT STRATEGY AND EXTERNAL ENGAGEMENT, AND TRANSITIONING TO A NEW ACCOUNTING FIRM TO SUPPORT LONG-TERM FINANCIAL STABILITY AND OPERATIONAL RIGOR. THROUGHOUT THE YEAR, WE CONVENED MULTIPLE FUNDER BRIEFINGS AND IN-PERSON GATHERINGS TO DEEPEN ENGAGEMENT, SHARE LEARNINGS, AND BUILD ALIGNMENT WITH OUR FUNDING PARTNERS. PORTFOLIO SUPPORT REMAINED A CORE PRIORITY, AS WE CONTINUED TO BACK EARLY- STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION. OUR TEAM MET WITH MORE THAN 50 FOUNDERS OVER THE COURSE OF THE YEAR, PROVIDING TAILORED GUIDANCE ON FUNDRAISING, PITCH AND DECK DEVELOPMENT, STRATEGIC POSITIONING, AND ORGANIZATIONAL TRANSITIONS, AND CONNECTING THEM TO MORE THAN 70 FUNDING OPPORTUNITIES. THIS WAS ALSO A YEAR OF EXPERIMENTATION FOR OUR PORTFOLIO SUPPORT PROGRAM, INCLUDING A PILOT OF PEER COHORTS FOCUSED ON COMMUNITY-BUILDING, WHERE FOUNDERS EXPLORED TOPICS SUCH AS FINDING PRODUCT-MARKET FIT, NAVIGATING ACQUISITIONS, AND SELECTING THE RIGHT HR TOOLS. WE LAUNCHED THREE NEW ONGOING PEER COHORTS WITH EXISTING PORTFOLIO ORGANIZATIONSBUILDING & SCALING (FOR FOR-PROFIT FOUNDERS), PEOPLE OPERATIONS, AND COMMUNITY SUPPORTTHAT MEET QUARTERLY TO PROVIDE STRUCTURED PEER LEARNING AND STRATEGIC SUPPORT, WITH FOUNDER-DRIVEN AGENDAS AND FACILITATED GUIDANCE WHERE NEEDED. WE CONTINUED TO ENGAGE OUR ANGEL SUPPORTER NETWORK ON A QUARTERLY BASIS THROUGH A REFRESHED OUTREACH STRATEGY, WHILE SPOTLIGHTING AND SHARING UPDATES ON OUR PORTFOLIO ORGANIZATIONS. AS PART OF OUR PROGRAMMATIC WORK, WE ALSO HOSTED A SERIES OF CONVENINGSINCLUDING PARTICIPATION IN LA TECH WEEKWHERE WE CO-HOSTED THE SECOND ANNUAL CHANGEMAKER FILM SHOWCASE WITH THE MICHAEL LATT LEGACY FUND, CELEBRATING UNDERREPRESENTED FILMMAKERS DRIVING SOCIAL CHANGE AND ADVANCING INNOVATIVE MEDIA AND TECHNOLOGY SOLUTIONS FOR A MORE INCLUSIVE AND RESILIENT DEMOCRACY. WE ALSO EXPANDED OUR COMMUNICATIONS AND THOUGHT LEADERSHIP. WE LAUNCHED AN NRV SUBSTACK TO SHARE UPDATES, RESEARCH, AND ECOSYSTEM INSIGHTS, INCLUDING THE LAUNCH ANNOUNCEMENT FOR THE RISING FUND AND OUR 2025 RESPONSIBLE AI COHORT, AS WELL AS ANALYTIC PIECES SUCH AS RESPONSIBLE AI INVESTMENT CYCLE 2025: INSIGHTS & EMERGING TRENDS, EVALUATING RESPONSIBLE AI: HOW PURPOSE, PEOPLE, AND PROGRESS DRIVE TECHNOLOGY FOR GOOD, AND BUILDING AI FOR THE PUBLIC GOOD: PRELIMINARY INSIGHTS FROM OUR RESPONSIBLE AI PIPELINE, WHICH TOGETHER SURFACED FUNDING GAPS AND OPPORTUNITIES FOR TECHNOLOGY THAT SERVES VULNERABLE COMMUNITIES. WE ADDITIONALLY PUBLISHED AI AS A BATTLEGROUND FOR POWER: BUILDING THE FUTURE OF RESPONSIBLE TECHNOLOGY AND TWO ARTICLES DOCUMENTING OUR LATINE VOICES FOR DEMOCRACY ACCELERATORINSIDE LV4D: KEY INSIGHTS & LEARNINGS FROM THE FIRST US-BASED ACCELERATOR FOR LATINO-LED MEDIA AND A RECAP OF OUR SECOND-COHORT KICK-OFFSHARING LESSONS FROM BILINGUAL, LATINO-LED MEDIA ORGANIZATIONS AND CREATORS WORKING TO STRENGTHEN CIVIC INFRASTRUCTURE. THROUGHOUT 2025, THE NRV BOARD PLAYED A CRITICAL ROLE IN STRATEGIC PLANNING, FINANCIAL OVERSIGHT, AND ECOSYSTEM CONNECTION-BUILDING, HELPING TO ADVANCE THE MISSION AND LONG-TERM SUSTAINABILITY OF NEW RISING VENTURES.Expenses $420,411
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 99-1777494
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T12)
- Assets (IRS master file)
- $213,591
- Income (IRS master file)
- $735,300
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $735,300 | $969,430 | $213,591 | IRS |
| 990 | December 2024 | $363,166 | $218 | $422,948 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-1777494).
Questions about NEW RISING VENTURES
- What is the EIN of NEW RISING VENTURES?
- The employer identification number (EIN) of NEW RISING VENTURES is 99-1777494.
- Is NEW RISING VENTURES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to NEW RISING VENTURES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW RISING VENTURES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW RISING VENTURES due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW RISING VENTURES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW RISING VENTURES?
- The 990 for the year ended December 31, 2025 names JESSICA SALINAS.
- Who are the officers and directors of NEW RISING VENTURES?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $145,447 (JESSICA SALINAS, CO-PRESIDENT).
- How much revenue does NEW RISING VENTURES have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $735,300, expenses of $969,430 and total assets of $213,591 at year end.
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All nonprofits in LOS ANGELES · California · Philanthropy, voluntarism and grantmaking foundations