Nonprofit · EIN 82-3461657
BAY AREA HYBRID COLLEGE INITIATIVE
Tax-exempt · RICHMOND, CA 94801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,139,816 | $4,940,187 | $1,199,629 | $6,711,646 | $510,357 | $6,201,289 |
| December 31, 2024 | 990 | $4,299,770 | $4,402,590 | -$102,820 | $5,693,218 | $931,558 | $4,761,660 |
| December 31, 2023 | 990 | $4,866,308 | $3,187,817 | $1,678,491 | $5,863,880 | $999,400 | $4,864,480 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,768,962
- Program service revenue
- $1,235,492
- Investment income
- $134,465
- Other revenue
- $897
Expenses
- Grants and similar amounts paid
- $239,379
- Compensation of officers, directors and key employees
- $347,816
- Other salaries and wages
- $3,008,499
- Salaries, compensation and benefits (total)
- $3,993,495
- Professional fundraising fees
- $50,000
- Legal fees
- $21,745
- Occupancy
- $47,327
- Travel
- $28,962
- Program services (functional)
- $4,084,819
- Management and general (functional)
- $627,149
- Fundraising (functional)
- $228,219
Balance sheet and other
- Total assets, start of year
- $5,693,218
- Total assets, end of year
- $6,711,646
- Total liabilities, end of year
- $510,357
- Net assets, end of year
- $6,201,289
- Publicly traded securities
- $4,200,151
- Net assets without donor restrictions
- $3,402,840
- Net assets with donor restrictions
- $2,798,449
- Gross receipts
- $6,139,816
- Employees
- 43
- Volunteers
- 8
- Year formed
- 2017
- 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 |
|---|---|---|---|---|
| Jeff Manassero | CEO Officer | 40 | $192,634 | $0 |
| Amy Barad | Senior Director of Partnerships | 40 | $189,258 | $0 |
| Nora Maxwell Chief | Growth Officer | 40 | $135,218 | $20,460 |
| Iris Jong | COO Officer | 38 | $149,186 | $5,997 |
| Sandra Nunez Chief | Program Officer | 40 | $135,429 | $8,238 |
| Ted Williams | Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Lauren Dutton Dir | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Philip Coghlan Dir | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Jaclyn Pinero | Director Trustee or director | 0.5 | $0 | $0 |
| Yin Lu | Director Trustee or director | 0.5 | $0 | $0 |
| Adanta Ahanonu | Director Trustee or director | 0.5 | $0 | $0 |
| Jonathan Chaparro | Director Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jeff Manassero | Executive Dir. Officer | 40 | $191,027 | $13,348 |
| Iris Jong | COO Officer | 40 | $160,612 | $21,879 |
| Sandra Nunez Chief | Program Officer | 40 | $102,654 | $933 |
| Nora Maxwell Chief | Growth Officer | 40 | $90,846 | $4,868 |
| Ted Williams | Chairman Trustee or director, Officer | 1 | $0 | $36 |
| Lauren Dutton Dir | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Philip Coghlan Dir | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jaclyn Pinero | Director Trustee or director | 1 | $0 | $0 |
| Yin Lu | Director Trustee or director | 1 | $0 | $0 |
| Adanta Ahanonu | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jeff Manassero | Executive Dir. Officer | 40 | $187,168 | $1,406 |
| Iris Jong | COO Officer | 35 | $130,762 | $375 |
| Nora Maxwell Chief | Growth Officer | 40 | $109,652 | $1,431 |
| Claire Michaels | Director of Career | 40 | $101,917 | $374 |
| Ted Williams | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Lauren Dutton Dir | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Philip Coghlan Dir | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Jaclyn Pinero | Director Trustee or director | 1 | $0 | $0 |
| Yin Lu | Director Trustee or director | 1 | $0 | $0 |
| Adanta Ahanonu | Director Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1503 MACDONALD AVE, RICHMOND, CA 94801-3267
- In care of
- % IRIS JONG
- Principal officer (990 for 2025)
- Jeff Manassero, 1503 Macdonald Ave, Richmond, CA 94801
- Signed the 990
- Jeff Manassero, CEO
- Phone
- (510) 727-5484
- Website
- rivetschool.org
- Return prepared by
- Cook & Company A Prof Actcy Corporation
California records
California keeps its own records of charities and corporations. Search them by EIN 82-3461657 or by the name BAY AREA HYBRID COLLEGE INITIATIVE.
- 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
Rivet School's mission is to build and scale a new model of higher education that reliably enables traditionally underserved students to earn an affordable bachelor's degree in as little as two years, leading to a great first job and increased opportunity over time.
Program accomplishments
- Rivet School was founded in 2018 with the mission of building a college experience designed entirely around the needs of real students. Our founding degree partner is Southern New Hampshire University, which offers a program called College for America, or CfA. Through CfA, enrollees earn their Associates of Arts or Bachelors of Arts degrees. In 2025, we continued executing on our ambitious strategy to grow and enroll 800 students annually by EOY 2026. We built on our past successes by exploring opportunities in our newest regions (Chicago and New Orleans), expanding our employer partnerships and programming (Educator and Healthcare Pathways), and refining our teams capacity to maximize outcomes for our students and graduates. (Continued at Schedule O.)Expenses $4,084,819 · grants $239,379 · revenue $1,235,492
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 | 990 on file |
IRS record
- EIN
- 82-3461657
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $6,711,646
- Income (IRS master file)
- $6,139,816
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,139,816 | $4,940,187 | $6,711,646 | XML |
| 990 | December 2024 | $4,299,770 | $4,402,590 | $5,693,218 | XML |
| 990 | December 2023 | $4,866,308 | $3,187,817 | $5,863,880 | XML |
| 990 | December 2022 | $4,245,051 | $2,319,504 | $4,144,876 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 82-3461657).
Questions about BAY AREA HYBRID COLLEGE INITIATIVE
- What is the EIN of BAY AREA HYBRID COLLEGE INITIATIVE?
- The employer identification number (EIN) of BAY AREA HYBRID COLLEGE INITIATIVE is 82-3461657.
- Is BAY AREA HYBRID COLLEGE INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BAY AREA HYBRID COLLEGE INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BAY AREA HYBRID COLLEGE INITIATIVE 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 BAY AREA HYBRID COLLEGE INITIATIVE 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 BAY AREA HYBRID COLLEGE INITIATIVE 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 BAY AREA HYBRID COLLEGE INITIATIVE?
- The 990 for the year ended December 31, 2025 names Jeff Manassero.
- Who are the officers and directors of BAY AREA HYBRID COLLEGE INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 12 people; 5 received compensation from the organization, the highest $192,634 (Jeff Manassero, CEO).
- How much revenue does BAY AREA HYBRID COLLEGE INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,139,816, expenses of $4,940,187 and total assets of $6,711,646 at year end.
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