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Nonprofit · EIN 92-0494413

RAISE FUNDS INC

Tax-exempt · CYPRESS, CA 90630

Financials

$2M$1.7M2023$488K$529K2024
Revenue Expenses · by fiscal year end
Financials of RAISE FUNDS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$488,176$528,914-$40,738$199,937$10,933$189,004
December 31, 2023990$1,956,366$1,736,041$220,325$236,494$6,752$229,742
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$484,586
Investment income
$3,590
Other revenue
$0

Expenses

Grants and similar amounts paid
$12,602
Compensation of officers, directors and key employees
$36,000
Salaries, compensation and benefits (total)
$39,041
Professional fundraising fees
$0
Accounting fees
$8,690
Occupancy
$356,615
Travel
$49,479
Depreciation
$4,590
Program services (functional)
$442,053
Management and general (functional)
$86,861

Balance sheet and other

Total assets, start of year
$236,494
Total assets, end of year
$199,937
Total liabilities, end of year
$10,933
Net assets, end of year
$189,004
Land, buildings and equipment
$79,141
Gross receipts
$488,176
Employees
1
Volunteers
500
Year formed
2022
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
VIVEK SHARMACEO
Officer
40$36,000
LAVESH RAWALTREASURER
Officer, Former
10$7,500
DUNG MY KIMSECRETARY
Trustee or director
40$5,940
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
VIVEK SHARMACEO
Officer
70$129,235
LAVESH RAWALTREASURER
Officer
70$92,630
DUNG MY KIMSECRETARY
Trustee or director
40$21,530

Address and contacts

Address (IRS master file)
8851 BELDAY ST, CYPRESS, CA 90630-2259
In care of
% VIVEK SHARMA
Mailing address (990-N for 2022)
1900 E OCEAN BLVD, LONG BEACH CA 90802
Principal officer (990 for 2024)
VIVEK SHARMA, 8851 BELDAY ST, Cypress, CA 90630
Principal officer (990-N for 2022)
VIVEK SHARMA, 1900 E OCEAN BLVD, LONG BEACH CA 90802
Signed the 990
VIVEK SHARMA, CEO
Phone
(562) 712-9505
Return prepared by
MELVIN MORA & ASSOC INC TAXATION

California records

California keeps its own records of charities and corporations. Search them by EIN 92-0494413 or by the name RAISE FUNDS INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE NON-PROFIT IS DEDICATED TO EASING THE FINANCIAL & ECONOMIC BURDENS FOR INTERNATIONAL STUDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • RENTAL & OCCUPANCY ASSISTANCE
    Expenses $400,996 · revenue $470,048
  • COLLEGE TUITION & GRANTS ASSISTANCE
    Expenses $41,057 · grants $9,347 · revenue $14,538

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
92-0494413
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P20)
Assets (IRS master file)
$199,937
Income (IRS master file)
$488,176

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$488,176$528,914$199,937XML
990December 2023$1,956,366$1,736,041$236,494XML
990-N for 2022
Officer: VIVEK SHARMA
December 31, 2022≤ $50,000 receipts––e-Postcard

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 92-0494413).

Questions about RAISE FUNDS INC

What is the EIN of RAISE FUNDS INC?
The employer identification number (EIN) of RAISE FUNDS INC is 92-0494413.
Is RAISE FUNDS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to RAISE FUNDS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RAISE FUNDS 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 RAISE FUNDS INC 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 FUNDS INC 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 FUNDS INC?
The 990 for the year ended December 31, 2024 names VIVEK SHARMA.
Who are the officers and directors of RAISE FUNDS INC?
The 990 for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $36,000 (VIVEK SHARMA, CEO).
How much revenue does RAISE FUNDS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $488,176, expenses of $528,914 and total assets of $199,937 at year end.

Other nonprofits in CYPRESS

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