Careerrise Inc

Nonprofit profile at a glance

EIN
870904286
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Atlanta, GA, USA
Phone
4042827970
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Reported finances

Revenue
$2,436,251
Expenses
$4,387,639
Assets
$2,761,214
Liabilities
$388,408

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • JOHN HELTON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOHN HELTON (EXECUTIVE DIRECTOR): $149,507 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Advancing the economic mobility and regional prosperity by creating new and strengthening existing partnerships and systems that meet employers' talent demands and provide residents with access to sustainable, quality employment opportunities.

What it reported doing in 2024

Industry partnership program: careerrise's industry partnerships program serves as a regional workforce intermediary, convening employers, educators, and community organizations to address shared workforce development challenges. The program delivers services aligned with six strategies: hiring and workforce planning; training and apprenticeships; employment success supports; quality careers and workplaces; career awareness; and regional systems support. Leveraging grant funding, the team develops and implements initiatives benefiting employers and job seekers, and provides education, information sharing, and networking for more than 700 stakeholders. Key initiatives include career compass academy, a five-week virtual career exploration and work readiness program for wioa-eligible youth ages 1624 featuring industry panels and online training in five high-demand sectors; the prologis learning program, which provides online training in warehousing, distribution, and logistics to prepare individuals for employment in a rapidly growing sector; and careerready atl, a youth apprenticeship system in partnership with united way of greater atlanta that connects youth of color furthest from opportunity to high-quality apprenticeships, with careerrise providing technical assistance to employers and educators in program design, recruitment, training, and support services.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 83.4%; rating input score 83
  • Fundraising efficiency: $6.6 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -80.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 23; 23rd percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 88.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 12.9% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 18.6% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 83.4% of spending went to programs
  • Governance: 21 of 21 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $3.7M in reported program spending
  • Leadership: top reported pay $150K · 22 people listed
  • Consistency: 32 of 32 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 24/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Sustainability: Total-asset coverage ratio scored 23/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.