Mission: RAISE TEXAS FOSTERS EFFECTIVE AND SUSTAINABLE INITIATIVES THAT HELP INDIVIDUALS AND FAMILIES ESCAPE POVERTY BY INCREASING PERSONAL FINANCE SKILLS AND BUILDING ASSETS ... (More)

Raise Texas is a 501(c)(3) organization, with an IRS ruling year of 2008, and donations are tax-deductible.

Is this your nonprofit? Access the Nonprofit Portal to submit data and download your rating toolkit.


Contact Information

  www.raisetexas.org

  1811 W 38TH ST
Austin TX 78731-6136


 Important note on the timeliness of ratings

The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Finance & Accountability score for Raise Texas is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.


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Encompass Rating System by Charity Navigator


Overall Score

91

out of 100

This charity's score is a passing score.
This overall score is calculated from multiple beacon scores: 90% Finance & Accountability and 10% Leadership & Adaptability


Learn about the Encompass Rating System: Overview | FAQ | Release Notes

Next: Impact & Results

...   Finance & Accountability


This score provides an assessment of a nonprofit's financial health (stability, efficiency and sustainability) and its commitment to governance practices and policies.


Finance & Accountability Score

90

out of 100

The score earned by Raise Texas is a passing score

This V6 of the Finance & Accountability Score provides a baseline measure of an organization's health including the indicators listed in the report below.

This score represents Form 990 data from 2019, the latest year electronically filed and published by the IRS.



Back to Overall

Finance & Accountability Report

90

of 100 points

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Program Expense

Program Expense Ratio

88.41%

Higher effect on score

More data  


The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.


Program Expense Percentage

Amount of Credit Received

70% or higherFull Credit
60% - 69.9%Partial Credit
50% - 59.9%Zero Points for Program Expense Score
Below 50%Zero Points for Both Program Expense AND Liabilities to Assets Scores

Source: IRS Form 990

Board Composition

13/13 Independent

Higher effect on score


Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent (not salaried).


The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.


Source: IRS Form 990

Independent Audit or Financial Review

No review needed due to small charity size

No effect on score


An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:

Total Revenue Amount

Expectation to Receive Credit

$1 million or higherExpected to complete an audit
$500,000 - $1 millionExpected to complete an audit, review, or compilation
Less than $500,000No expectation (removed from scoring methodology)

Source: IRS Form 990

Liabilities to Assets Ratio

0.44%

Lower effect on score


The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). This ratio is an indicator of an organization’s solvency and/or long-term sustainability.

Liabilities to Assets Ratio

Amount of Credit Received

Less than 50%Full Credit
50% - 59.9%Partial Credit
60% or moreNo Credit

Source: IRS Form 990

Website

Listed

Lower effect on score


Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric.


Nonprofits act in the public trust and reporting publicly on activities is an important component.


Source: IRS Form 990

Conflict of Interest Policy

Listed

Lower effect on score


Charity Navigator looks for the existence of a conflict of interest policy on the Form 990 as an accountability and transparency measure.


This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.


Source: IRS Form 990

Board Meeting Minutes

Documented

Lower effect on score


Charity Navigator looks to confirm on the Form 990 that the organization has this process in place as an accountability and transparency measure.


An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.


Source: IRS Form 990

Document Retention and Destruction

Missing

Lower effect on score


Charity Navigator looks for the existence of a document retention and destruction policy per the Form 990 as an accountability and transparency measure.


This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.


Source: IRS Form 990

Whistleblower Policy

Missing

Lower effect on score


Charity Navigator looks for the existence of a whistleblower policy per the Form 990 as an accountability and transparency measure.


This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.


Source: IRS Form 990

Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Total Revenue and Expenses

Total Revenue and Expenses

This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.

Salary of Key Persons

Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting



ROBERT WIDROW, EXECUTIVE DIRECTOR

$81,267


TIM MORSTAD, CHAIRMAN

$0


ROY LOPEZ, SECRETARY

$0


JULIAN HUERTA, TREASURER

$0


ANN BADDOUR, DIRECTOR

$0


Source: IRS Form 990 (page 7), filing year 2019

Business Master File Data

Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website


Activities:

Activity data not reported from the IRS


Foundation Status:

Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi) (BMF foundation code: 15)


Affiliation:

Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)

Data Sources: IRS Forms 990

The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).

Pandemic Response

Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.


Raise Texas reported being impacted by COVID-19 in the following ways:
  • Program Delivery


How COVID-19 impacted the organization's operations financially:

Our donations declined significantly in the second quarter of 2020. To avoid a negative variance while maintaining our staff, we responded by reducing expenses and postponing in-person events. In 2021, we received two PPP loans, now fully forgiven, that stabilized our financials when donations and grants were lower in the first half of this year.


How COVID-19 impacted the organization's delivery of programs:

Having launched the Texas Financial Coaching Hub in 2018, our leadership of a statewide network of financial coaches put us in a unique position to listen to and assist financial coaches across the state with the transition to virtual services to assist clients during pandemic. For additional support, we provided contacts, guidance and details on local and state resources to help coaches connect clients with food, rent assistance, unemployment resources, and other basic services. In response to requests from coaches, we provided virtual trainings on trauma-informed coaching, managing debt, where to find fairly priced short-term loans, tools to repair credit and navigating medical debt.


How this organization adapted to changing conditions caused by COVID-19:

As a statewide organization, we previously spent a significant amount of time travelling across the state, meeting with organizations and community leaders, hosting convenings, and offering regional trainings for service providers. With COVID, we transitioned to virtual meetings, trainings and convenings, which allowed us to reach many more organizations and direct service providers across the state. We also reached out and listened to the many organizations and direct service providers in our network and responded to their requests for virtual trainings and online resources on topics ranging from how to provide trauma-informed services to a detailed explanation of the eviction protections in the CARES Act and what that means for Texas renters. More recently, we worked with national experts at the Center on Budget and Policy Priorities to provide the most up-to-date details on how to help families claim the expanded Child Tax Credit.


Innovations the organization intends to continue permanently after the pandemic:

Our transition to virtual trainings and convenings allowed us to expand our reach across the state and provide more resources to financial coaches and counselors, case managers, social workers and others helping Texans build financial security and resilience. Given the success of our 2021 Tools to Build Financial Resilience virtual training series, we plan to continue offering virtual trainings, webinars and convenings. We are now able to provide more frequent trainings and respond quickly to unexpected events that impact financial security. For example, on February 26, we hosted a statewide webinar about helping Texans recover from the Winter Storm Disaster that provided legal & practical guidance on FEMA, insurance claims, tenant rights and other pressing issues. As one of the first statewide webinars designed to support nonprofits in the post-disaster recovery phase, we had 247 financial coaches & counselors, case managers and social workers participating from 105 organizations.


Previous: Finance & Accountability  / Next: Leadership & Adaptability

...   Impact & Results


This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.


Impact & Results Score

Not Currently Scored

Raise Texas cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.

Learn more about Impact & Results.


Back to Overall

Additional Information

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Largest Programs

Largest Programs



Raise Texas reported its largest program on its FY 2019 Form 990 as:


$208,537

Spent in most recent FY

100%

Percent of program expenses


RAISE TEXAS HAS ACCOMPLISHED A NUMBER OF MAJOR ACTIVITIES, PRODUCTS, AND SERVICES SINCE 2007. THEY INCLUDE ADVANCING THE WORK OF CHILDRENS SAVINGS ACCOUNTS (CSAs) FOR COLLEGE THROUGH PUBLISHING A GUID ... (More)


Previous: Impact & Results  / Next: Culture & Community

...   Leadership & Adaptability


This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.


Leadership & Adaptability Score

100

out of 100

The score earned by Raise Texas is a passing score.

Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.


Back to Overall

Leadership & Adaptability Report

100

of 100 points

Mission

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission


The mission of RAISE Texas is to advance equitable policies and programs that foster financial security and economic mobility for low and moderate income Texans.


Source: Nonprofit submitted responses

Vision

The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.


Our vision for building financial security in Texas starts with understanding the reality that too many Texans work hard every day to provide for their families but can barely make ends meet. We acknowledge the pervasive systemic racism that continues to exacerbate the racial wealth divide and results in families struggling financially through no fault of their own. Within this framework, RAISE Texas is focused on providing the tools, resources and support to help Texans overcome the many barriers to becoming financially resilient, while also addressing the systems and policies that keep Texans from getting ahead, building assets and achieving economic mobility.


Source: Nonprofit submitted responses

Strategic Goals

The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.


Goal One: RAISE Texas will continue to equip our statewide coalition with trainings, convenings, best practices and resources needed to improve financial health in Texas communities.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Goal Two: RAISE Texas will continue its long history of developing innovative pilot programs, providing technical expertise and elevating best practices for statewide implementation.

Goal Type: Grow, expand, scale or increase access to the existing programs and services.


Goal Three: Our advocacy work starts with listening to the many community-based organizations and local leaders in our network to understand the barriers to building financial health and their policy priorities.

Goal Type: This goal reflects our commitment to further our advocacy work for our organization and or cause area.


Source: Nonprofit submitted responses

Leadership Development

The nonprofit provides evidence of investment in leadership development


Describe an investment in leadership

RAISE Texas supports its leadership belonging to and participating in trainings offered by One Voice Central Texas (OVCT) and The Nonprofit Council, coalitions of nonprofit leaders of health and human service organizations based in Texas. RAISE Texas also invests in other professional development opportunities for staff. Most recently, RAISE Texas staff participated in an OVCT mentorship program for new executive directors, an OVCT 6-hour training on Leading for Racial Equity and Inclusiveness, and the 2021 Change Machine Data and Advocacy Training Academy.

Source: Nonprofit submitted responses

Mobilizing for Mission

The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.


This organization mobilizes for mission in the following ways:
  • Strategic Partnerships

  • Networks of Collective Impact Efforts

  • Thought Leadership

  • Raising Awareness

  • Community Building

  • Policy Advocacy

What are this organization’s external mobilizaton efforts?

Below are examples of how RAISE Texas engages in strategic partnerships, training and advocacy, develops shared goals across networks, and raises awareness. 1. We partnered with United Ways of Texas and the Federal Reserve Bank of Atlanta to bring the Career Ladder Identifier and Financial Forecaster tool to Texas schools and nonprofits. This tool can now inform both individual career paths and state policy on benefits cliffs. 2. We work closely with the Texas Fair Lending Alliance on the shared goal of ending the cycle of debt for Texans and recently testified at the Texas Finance Commission on issues related to the Texas Financial Education Endowment. 3. RAISE Texas filed an amicus brief with 12 other nonprofits to protect local ordinances regulating the worst abuses of payday lenders. 4. We launched a statewide social media campaign to connect families to local help to claim the expanded Child Tax Credit. 5. Our publications and trainings are available on our website.

Source: Nonprofit submitted responses

Story of Adaptability

The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.


While much of the past year was about responding to crises and challenging circumstances, it also gave RAISE Texas the opportunity to build new capabilities, as demonstrated in this story: At RAISE Texas, addressing the systems and policies that keep Texans from getting ahead, building assets and achieving economic mobility is key to our mission. After the American Rescue Plan became law in March 2021, we realized that the advance payments of the expanded Child Tax Credit could be transformative for Texas families, if they could get the cash. With Texans still recovering from the devastating Texas Winter Storm, on top of COVID, and then the announcement that Texas would end of the extra $300 federal unemployment benefit in June, we brainstormed ways our staff of two could help eligible Texas families receive this new cash payment. As a starting point, we partnered with Center on Budget and Policy Priorities to provide a virtual training in June with detailed instructions on how to help families claim their credit. Though that event, we trained about 150 direct service providers from organizations across the state. We also reached out to potential funders about the urgent need and opportunity to increase awareness in Texas. As soon as we secured funding, we partnered with a social media firm and all the Texas year-round free tax programs. We then launched our statewide social media campaign in English and Spanish to alert Texas families to this cash benefit and, most important, connect families with expert help in Texas to navigate the IRS requirements and claim the credit. Launching that campaign opened up a new opportunity for RAISE Texas to partner with Code for America and GMMB to reach more families in the Rio Grande Valley. As we closely monitor the effectiveness of this campaign and the engagement with local services, we are learning and building capacity to launch more "statewide awareness + access to help" campaigns in the future.

Source: Nonprofit submitted responses

Previous: Leadership & Adaptability

...   Culture & Community


This score provides an assessment of the organization's culture and connectedness to the community it serves. Learn more about how and why we rate Culture & Community.


Culture & Community Score

Not Currently Scored

Raise Texas is currently not eligible for a Culture & Community score because we have not received its Constituent Feedback or Diversity, Equity, & Inclusion data. Nonprofit organizations are encouraged to fill out the How We Listen and Equity Practices sections of their Candid profile.

Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.


Back to Overall

Culture & Community Report

Unscored

This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.

Constituent Feedback

Diversity, Equity, & Inclusion


This organization has not provided information regarding the diversity, equity and inclusion (DEI) practices it is presently implementing. As such, the organization has not earned a score on this metric. Charity Navigator believes nonprofit organizations implementing effective DEI policies and practices can enhance a nonprofit's decision-making, staff motivation, innovation, and effectiveness.


Methodology


We are utilizing data collected by Candid to document and assess the DEI practices implemented by the organization. Nonprofit organizations are encouraged to fill out the Equity Strategies section of their Candid profiles to receive a rating.


Learn more about the methodology.

Constituent Feedback


Constituent Feedback and Listening Practice data are not available for this organization. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective.



Methodology


We've partnered with Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.


Learn more about the methodology.

Analysis and Research


Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Below you can find more information about the metrics we currently evaluate in this beacon and their relevance to nonprofit performance.


Constituent Feedback


Diversity, Equity, and Inclusion

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