Overview

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Fiscal Year Start

Not available

Organization Type

Grantseeker

AI Summary

New Rising Ventures is a nonprofit organization dedicated to supporting early-stage, nonpartisan entrepreneurs and activists who are committed to transforming democracy through innovation. With an operating budget of $218 and total revenue of $363.2K for the filing year 2024, the organization addresses a critical funding gap not met by traditional grantmakers or venture capital, engaging in investments, grantmaking, portfolio support, field building, and convenings. The organization does not rely on a single funder for 50% or more of its revenue and can be found online at www.newrisingventures.org.

Mission Statement

NEW RISING VENTURES SUPPORTS EARLY-STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION AND BRIDGES A CRITICAL GAP NOT FULFILLED BY TRADITIONAL GRANTMAKERS OR VENTURE CAPITAL. OUR SIGNATURE FOUR ACTIVITIES INCLUDE INVESTMENTS AND GRANTMAKING, PORTFOLIO SUPPORT, FIELD BUILDING, AND CONVENINGS.
Revenues
$363.2K
Expenses
$218
Net Income:
+$362.9K
Assets
$422.9K
Liabilities
$60K
Net Assets:
+$362.9K
Operating Budget
$218
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
2
Median grant size
$181.6K
Largest grant received
$300K
D
Daniel Forkkio
Board Member
A
Aaron Mitchell
Board Member
J
Jessica Salinas
Board Member

Frequently Asked Questions

What is NEW RISING VENTURES’s budget?
In 2024, NEW RISING VENTURES reported an annual operating budget of around <$1,000. More detailed financial information is available to registered users.
Where does NEW RISING VENTURES operate?
NEW RISING VENTURES is headquartered in Sacramento, CA.
Who funded NEW RISING VENTURES recently?
In 2024, NEW RISING VENTURES received grants from John D and Catherine T MacArthur Foundation (Consolidated) and TIDES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NEW RISING VENTURES received in 2024?
The largest grant to NEW RISING VENTURES in 2024 exceeds $300 thousand.