Nonprofit · EIN 31-1712061
RISE MEMPHIS INC
Tax-exempt · MEMPHIS, TN 38119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $1,448,807 | $983,115 | $465,692 | $2,245,361 | $247,882 | $1,997,479 |
| April 30, 2024 | 990 | $891,840 | $943,577 | -$51,737 | $1,729,109 | $241,077 | $1,488,032 |
| April 30, 2023 | 990 | $1,286,459 | $1,014,046 | $272,413 | $1,766,921 | $252,200 | $1,514,721 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $1,431,917
- of which government grants
- $846,500
- Program service revenue
- $12,985
- Investment income
- $38,031
- Net income from fundraising events
- -$34,651
- Other revenue
- -$34,126
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $127,009
- Other salaries and wages
- $401,233
- Salaries, compensation and benefits (total)
- $604,933
- Professional fundraising fees
- $0
- Accounting fees
- $52,206
- Occupancy
- $36,602
- Program services (functional)
- $533,128
- Management and general (functional)
- $323,297
- Fundraising (functional)
- $126,690
Balance sheet and other
- Total assets, start of year
- $1,729,109
- Total assets, end of year
- $2,245,361
- Total liabilities, end of year
- $247,882
- Net assets, end of year
- $1,997,479
- Publicly traded securities
- $751,528
- Net assets without donor restrictions
- $1,730,948
- Net assets with donor restrictions
- $266,531
- Gross receipts
- $1,492,616
- Employees
- 13
- Volunteers
- 60
- Year formed
- 1999
- State of legal domicile
- TN
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 April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELIA TERRELL | FORMER EXECUTIVE DIRECTOR Officer | 50 | $124,845 | $2,164 |
| RANDY WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM REBER | FINANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR CHRISTOPHER DAVIS | PROGRAM CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DANA L POINTER | BOARD DEVELOPMENT CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEITH L COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GERRIE F CURRIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHEA GABRIELLESCHI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARKITA C JACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTIN LOCKHART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCEZ MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRYSTAL R OLIVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE SCURLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRODERICK WAMBLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN WERKHOVEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY MCCONNER | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN NORRIS | BOARD MEMBER Trustee or director | 1 | $0 |
| MALCOM RAWLS | EXECUTIVE DIRECTOR Officer | 40 | $0 |
990 for the year ended April 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELIA TERRELL | PRESIDENT/CEO Officer | 50 | $144,481 | $15,428 |
| RANDY WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JIM REBER | FINANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM CAPOOTH | FUND DEVELOPMENT CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR CHRISTOPHER DAVIS | PROGRAM CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DANA L POINTER | BOARD DEVELOPMENT CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KEITH L COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GERRIE F CURRIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDREA ECHOLS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHEA GABRIELLESCHI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANY GOODNIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARKITA C JACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTIN LOCKHART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCEZ MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRYSTAL R OLIVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBIN PARSONS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE SCURLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRODY WAMBLE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN WERKHOVEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT LIPSCOMB | FOUNDER & CHAIR EMERITUS Trustee or director | 1 | $0 | $0 |
990 for the year ended April 30, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELIA TERRELL | PRESIDENT/CEO Officer | 50 | $131,611 | $9,569 |
| RANDY WILLIAMS | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DARLENE DONOVAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MARSH CAMPBELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JIM REBER | FINANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| WILLIAM CAPOOTH | FUND DEVELOPMENT CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DR CHRISTOPHER DAVIS | PRG CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DANA L POINTER | BOARD DEVELOPMENT CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHERYL BLAIR-HURST | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOY RICHMOND BOWEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERRI BROWNE-SILENT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEITH L COLLINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANY GOODNIGHT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARKITA C JACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT LIPSCOMB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KRISTIN LOCKHART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARCEZ MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TERESA T MORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CRYSTAL R OLIVER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE SCURLOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MELISSA THOMPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JONAS CROFT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHEENA HARPER-NELSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KENYON LEE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID C LENOIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1355 LYNNFIELD RD STE 101, MEMPHIS, TN 38119-5844
- Principal officer (990 for 2024)
- MALCOM RAWLS, 1355 LYNNFIELD STREET 101, MEMPHIS, TN 38119
- Signed the 990
- MALCOM RAWLS, EXECUTIVE DIRECTOR
- Phone
- (901) 507-6637
- Website
- WWW.RISEMEMPHIS.ORG
- Return prepared by
- WATKINS UIBERALL PLLC
Mission
RISE FOUNDATION, INC. EMPOWERS PEOPLE TO BECOME SELF SUFFICIENT BY BUILDING AND SUSTAINING HUMAN AND FINANCIAL ASSETS.
Program accomplishments
- SAVE UP, RISE'S SIGNATURE INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) PROGRAM, INVOLVES FINANCIAL EDUCATION AND MATCHED SAVINGS FOR ASSET DEVELOPMENT FOR LOW TO MODERATE-INCOME WORKING CITIZENS IN SHELBY COUNTY. GOAL CARD IS RISE'S INCENTIVE PROGRAM FOR 5TH TO 12TH GRADE STUDENTS LIVING IN ZIP CODES 38126 AND 38106. THE FOCUS IS ON FINANCIAL EDUCATION, GOAL SETTING, MENTORING AND IMPROVEMENT IN CONDUCT, ATTENDANCE AND GRADES. THE GREATER MEMPHIS FINANCIAL EMPOWERMENT CENTER, IN COLLABORATION WITH THE SHELBY COUNTY TRUSTEE'S OFFICE, FOCUSES ON ONE-ONE-ONE PERSONAL FINANCIAL COUNSELING WITH EMPHASIS ON DEBT REDUCTION, SAVINGS AND IMPROVED CREDIT SCORES. COMMON CENTS IS RISE'S FINANCIAL EDUCATION COURSE PROVIDED AS FEE-FOR-SERVICE PROGRAM TO OTHER ORGANIZATIONS AS REQUESTED. SILVER NEIGHBORS IS RISE'S PROGRAM THAT EMPOWERS OLDER ADULTS TO MAKE BETTER CHOICES ABOUT THEIR FINANCES AND OFFERS PEER SUPPORTED LEARNING OPPORTUNITIES. SILVER NEIGHBORS ALSO ENHANCES DIGITAL LITERACY SKILLS FOR OLDER ADULTS.Expenses $533,128 · revenue $13,510
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 April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 31-1712061
- 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
- 2002
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P40)
- Assets (IRS master file)
- $2,245,361
- Income (IRS master file)
- $1,492,616
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $1,448,807 | $983,115 | $2,245,361 | XML |
| 990 | April 2024 | $891,840 | $943,577 | $1,729,109 | XML |
| 990 | April 2023 | $1,286,459 | $1,014,046 | $1,766,921 | XML |
| 990 | April 2022 | $830,097 | $957,142 | $1,702,696 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | 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 31-1712061).
Questions about RISE MEMPHIS INC
- What is the EIN of RISE MEMPHIS INC?
- The employer identification number (EIN) of RISE MEMPHIS INC is 31-1712061.
- Is RISE MEMPHIS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to RISE MEMPHIS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RISE MEMPHIS INC 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 RISE MEMPHIS INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RISE MEMPHIS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of RISE MEMPHIS INC?
- The 990 for the year ended April 30, 2025 names MALCOM RAWLS.
- Who are the officers and directors of RISE MEMPHIS INC?
- The 990 for the year ended April 30, 2025 lists 18 people; 1 received compensation from the organization, the highest $124,845 (SHELIA TERRELL, FORMER EXECUTIVE DIRECTOR).
- How much revenue does RISE MEMPHIS INC have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $1,448,807, expenses of $983,115 and total assets of $2,245,361 at year end.
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