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Nonprofit · EIN 26-2087882

RAISE TEXAS

Tax-exempt · AUSTIN, TX 78703

Financials

$434K$415K2023$919K$422K2024
Revenue Expenses · by fiscal year end
Financials of RAISE TEXAS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$918,666$422,116$496,550$1,184,912$33,500$1,151,412
December 31, 2023990$434,313$414,997$19,316$654,862$0$654,862
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$832,499
Membership dues
$8,874
Program service revenue
$58,530
Investment income
$27,637
Other revenue
$0

Expenses

Grants and similar amounts paid
$14,971
Compensation of officers, directors and key employees
$173,150
Other salaries and wages
$118,942
Salaries, compensation and benefits (total)
$321,651
Professional fundraising fees
$0
Accounting fees
$14,755
Travel
$4,288
Program services (functional)
$356,327
Management and general (functional)
$38,646
Fundraising (functional)
$27,143

Balance sheet and other

Total assets, start of year
$654,862
Total assets, end of year
$1,184,912
Total liabilities, end of year
$33,500
Net assets, end of year
$1,151,412
Net assets without donor restrictions
$743,412
Gross receipts
$918,666
Employees
3
Volunteers
50
Year formed
2007
State of legal domicile
TX

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Elizabeth ColvinExecutive Director
Officer
40$145,000$24,940
JoAnn DePenningChairman
Trustee or director, Officer
1$0$0
Levar MartinSecretary
Trustee or director, Officer
1$0$0
Phyllis YoungTreasurer
Trustee or director, Officer
1$0$0
Kseniya BenderskayaDirector
Trustee or director
1$0$0
Zoraima Diaz-PiensaDirector
Trustee or director
1$0$0
Briana GordleyDirector
Trustee or director
1$0$0
Yvonne GreenDirector
Trustee or director
1$0$0
Regan Gruber MoffittDirector
Trustee or director
1$0$0
Annika LittleDirector
Trustee or director
1$0$0
Sandra MartinezDirector
Trustee or director
1$0$0
Yvette RuizDirector
Trustee or director
1$0$0
Ann BaddourDirector
Trustee or director
1$0$0
Tina TranDirector
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
Elizabeth ColvinExecutive Director
Officer
40$152,500$20,717
JoAnn DePenningChairman
Trustee or director, Officer
1$0$0
Levar MartinSecretary
Trustee or director, Officer
1$0$0
Phyllis YoungTreasurer
Trustee or director, Officer
1$0$0
Ann BaddourDirector
Trustee or director
1$0$0
Kseniya BenderskayaDirector
Trustee or director
1$0$0
Zoraima Diaz-PinedaDirector
Trustee or director
1$0$0
Yvonne GreenDirector
Trustee or director
1$0$0
Annika LittleDirector
Trustee or director
1$0$0
Sandra MartinezDirector
Trustee or director
1$0$0
Yvette RuizDirector
Trustee or director
1$0$0
Tina TranDirector
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 303111, AUSTIN, TX 78703-0052
In care of
% ALICE ELIZABETH COLVIN
Principal officer (990 for 2024)
Elizabeth Colvin, PO Box 303111, Austin, TX 78703
Signed the 990
JoAnn DePenning, Chairman
Phone
(512) 554-4409
Return prepared by
MONTEMAYOR BRITTON BENDER CAREY PC

Mission

RAISE Texas advances equitable policies and programs that foster financial security and economic mobility for low- and moderate-income Texans. We equip, innovate and advocate to reduce disparities, remove barriers and build opportunities for Texans to be financially secure.

990 for the year ended December 31, 2024

Program accomplishments

  • RAISE Texas empowers nonprofits and community partners across the state with the training, resources, and connections needed to expand access to safe financial services and promote lasting financial security and economic mobility. In 2024, RAISE Texas strengthened the capacity of nonprofits and advanced financial security across the state through targeted training, technical assistance, and convenings. We supported financial coaching, Childrens Savings Account initiatives, and free tax preparation programs to expand access and improve operations. Highlights included the 2024 Community Leaders Convening, where leaders identified key trends and solutions in financial health and consumer protection, and the Texas VITA Conference in Houston, which brought together 80 participants from 38 programs to share best practices and strengthen free tax preparation services statewide.
    Expenses $356,327 · grants $14,971 · revenue $58,530

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-2087882
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
2008
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P80)
Assets (IRS master file)
$1,184,912
Income (IRS master file)
$918,666

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$918,666$422,116$1,184,912IRS
990December 2023$434,313$414,997$654,862XML
990December 2022$375,441$285,798$635,798IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 26-2087882).

Questions about RAISE TEXAS

What is the EIN of RAISE TEXAS?
The employer identification number (EIN) of RAISE TEXAS is 26-2087882.
Is RAISE TEXAS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
Are donations to RAISE TEXAS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RAISE TEXAS 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 RAISE TEXAS due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RAISE TEXAS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RAISE TEXAS?
The 990 for the year ended December 31, 2024 names Elizabeth Colvin.
Who are the officers and directors of RAISE TEXAS?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $145,000 (Elizabeth Colvin, Executive Director).
How much revenue does RAISE TEXAS have?
On its 990 for the year ended December 31, 2024 it reported revenue of $918,666, expenses of $422,116 and total assets of $1,184,912 at year end.

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