2026-04-29T20:20:07-04:00 2025-12-31 SOZO CONSULTING 121 RUGOSA DR FOLSOM CA 95630 990 2025-01-01 991777494 NEW RISING VENTURES NEWR 5108661006 3126 SOUTH SEPULVEDA BLVD 1170 LOS ANGELES CA 90034 PHILLIP SANDERS CO-PRESIDENT 5108661006 2026-04-23 JOSHUA M CANTWELL P01498460 6509067272 2026-04-29 X 2025 2025-03-06 01:10:19Z JESSICA SALINAS 735300 false X WWW.NEWRISINGVENTURES.ORG X 2024 CA NEW RISING VENTURES SUPPORTS EARLY-STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION AND BRIDGES A CRITICAL GAP NOT FULFILLED BY TRADITIONAL GRANT-MAKERS OR VENTURE CAPITAL. OUR SIGNATURE FOUR ACTIVITIES INCLUDE INVESTMENTS AND GRANTMAKING, PORTFOLIO SUPPORT, FIELD BUILDING, AND CONVENINGS. 6 5 6 0 363166 735300 0 0 0 363166 735300 0 0 667263 0 238084 218 302167 218 969430 362948 -234130 422948 213591 60000 84773 362948 128818 X NEW RISING VENTURES SUPPORTS EARLY-STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION AND BRIDGES A CRITICAL GAP NOT FULFILLED BY TRADITIONAL GRANT-MAKERS OR VENTURE CAPITAL. OUR SIGNATURE FOUR ACTIVITIES INCLUDE INVESTMENTS AND GRANTMAKING, PORTFOLIO SUPPORT, FIELD BUILDING, AND CONVENINGS. false false 420411 IN 2025, NEW RISING VENTURES CONTINUED TO BUILD STRONG MOMENTUM ACROSS OUR RESPONSIBLE AI AND LATINE VOICES FOR DEMOCRACY INITIATIVES, WHILE DEEPENING OUR FOCUS ON INTERNAL CULTURE AND OPERATIONAL SUSTAINABILITY. LATINE VOICES FOR DEMOCRACY (LV4D) IS THE FIRST U.S.-BASED ACCELERATOR OF ITS KIND DELIVERED BILINGUALLY AND FOCUSED ON LATINE-LED NEWS ORGANIZATIONS AND CONTENT CREATORS. IT IS DESIGNED TO STRENGTHEN LOCAL INFORMATION ECOSYSTEMS, ADVANCE NONPARTISAN CIVIC EDUCATION, SUPPORT COMMUNITY-SERVING JOURNALISM, AND EMPOWER TRUSTED LATINE-LED ORGANIZATIONS TO COMBAT MISINFORMATION AND FOSTER CIVIC ENGAGEMENT. IN 2025, WE EXPANDED LV4D BY LAUNCHING A SECOND ACCELERATOR COHORT, BRINGING CREATORS AND LOCAL NEWSROOMS TOGETHER AS EQUAL PARTNERS IN INFORMING THE PUBLIC AND ENCOURAGING CIVIC PARTICIPATION. OVER SEVEN MONTHS, PARTICIPANTS RECEIVE TARGETED MENTORSHIP, TRAINING, AND PARTNERSHIP SUPPORT FROM MISSION-ALIGNED TECHNOLOGY AND MEDIA ORGANIZATIONS TO DEEPEN THEIR COMMUNITY ENGAGEMENT, STORYTELLING, AND AUDIENCE-BUILDING CAPACITY, AS WELL AS CAPITAL, TECHNICAL TOOLS, AND TRAINING ON CAPITAL STRUCTURE AND IMPACT MEASUREMENT TO SUPPORT THEIR LONG-TERM SUSTAINABILITY. A MAJOR MILESTONE WAS THE LAUNCH OF OUR RESPONSIBLE AI FUNDING CYCLE UNDER THE RISING FUND, UNDERSCORING BOTH THE STRENGTH OF THE APPLICANT POOL AND OUR COMMITMENT TO BACKING HIGH-IMPACT ORGANIZATIONS AT THE INTERSECTION OF TECHNOLOGY, DEMOCRACY, AND SOCIAL GOOD. WE ALSO MADE TARGETED INVESTMENTS IN ORGANIZATIONAL CAPACITY DURING THE 2025 TAX YEAR, HIRING AND ONBOARDING A DIRECTOR OF FUNDRAISING TO SHARPEN OUR DEVELOPMENT STRATEGY AND EXTERNAL ENGAGEMENT, AND TRANSITIONING TO A NEW ACCOUNTING FIRM TO SUPPORT LONG-TERM FINANCIAL STABILITY AND OPERATIONAL RIGOR. THROUGHOUT THE YEAR, WE CONVENED MULTIPLE FUNDER BRIEFINGS AND IN-PERSON GATHERINGS TO DEEPEN ENGAGEMENT, SHARE LEARNINGS, AND BUILD ALIGNMENT WITH OUR FUNDING PARTNERS. PORTFOLIO SUPPORT REMAINED A CORE PRIORITY, AS WE CONTINUED TO BACK EARLY- STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION. OUR TEAM MET WITH MORE THAN 50 FOUNDERS OVER THE COURSE OF THE YEAR, PROVIDING TAILORED GUIDANCE ON FUNDRAISING, PITCH AND DECK DEVELOPMENT, STRATEGIC POSITIONING, AND ORGANIZATIONAL TRANSITIONS, AND CONNECTING THEM TO MORE THAN 70 FUNDING OPPORTUNITIES. THIS WAS ALSO A YEAR OF EXPERIMENTATION FOR OUR PORTFOLIO SUPPORT PROGRAM, INCLUDING A PILOT OF PEER COHORTS FOCUSED ON COMMUNITY-BUILDING, WHERE FOUNDERS EXPLORED TOPICS SUCH AS FINDING PRODUCT-MARKET FIT, NAVIGATING ACQUISITIONS, AND SELECTING THE RIGHT HR TOOLS. WE LAUNCHED THREE NEW ONGOING PEER COHORTS WITH EXISTING PORTFOLIO ORGANIZATIONSBUILDING & SCALING (FOR FOR-PROFIT FOUNDERS), PEOPLE OPERATIONS, AND COMMUNITY SUPPORTTHAT MEET QUARTERLY TO PROVIDE STRUCTURED PEER LEARNING AND STRATEGIC SUPPORT, WITH FOUNDER-DRIVEN AGENDAS AND FACILITATED GUIDANCE WHERE NEEDED. WE CONTINUED TO ENGAGE OUR ANGEL SUPPORTER NETWORK ON A QUARTERLY BASIS THROUGH A REFRESHED OUTREACH STRATEGY, WHILE SPOTLIGHTING AND SHARING UPDATES ON OUR PORTFOLIO ORGANIZATIONS. AS PART OF OUR PROGRAMMATIC WORK, WE ALSO HOSTED A SERIES OF CONVENINGSINCLUDING PARTICIPATION IN LA TECH WEEKWHERE WE CO-HOSTED THE SECOND ANNUAL CHANGEMAKER FILM SHOWCASE WITH THE MICHAEL LATT LEGACY FUND, CELEBRATING UNDERREPRESENTED FILMMAKERS DRIVING SOCIAL CHANGE AND ADVANCING INNOVATIVE MEDIA AND TECHNOLOGY SOLUTIONS FOR A MORE INCLUSIVE AND RESILIENT DEMOCRACY. WE ALSO EXPANDED OUR COMMUNICATIONS AND THOUGHT LEADERSHIP. WE LAUNCHED AN NRV SUBSTACK TO SHARE UPDATES, RESEARCH, AND ECOSYSTEM INSIGHTS, INCLUDING THE LAUNCH ANNOUNCEMENT FOR THE RISING FUND AND OUR 2025 RESPONSIBLE AI COHORT, AS WELL AS ANALYTIC PIECES SUCH AS RESPONSIBLE AI INVESTMENT CYCLE 2025: INSIGHTS & EMERGING TRENDS, EVALUATING RESPONSIBLE AI: HOW PURPOSE, PEOPLE, AND PROGRESS DRIVE TECHNOLOGY FOR GOOD, AND BUILDING AI FOR THE PUBLIC GOOD: PRELIMINARY INSIGHTS FROM OUR RESPONSIBLE AI PIPELINE, WHICH TOGETHER SURFACED FUNDING GAPS AND OPPORTUNITIES FOR TECHNOLOGY THAT SERVES VULNERABLE COMMUNITIES. WE ADDITIONALLY PUBLISHED AI AS A BATTLEGROUND FOR POWER: BUILDING THE FUTURE OF RESPONSIBLE TECHNOLOGY AND TWO ARTICLES DOCUMENTING OUR LATINE VOICES FOR DEMOCRACY ACCELERATORINSIDE LV4D: KEY INSIGHTS & LEARNINGS FROM THE FIRST US-BASED ACCELERATOR FOR LATINO-LED MEDIA AND A RECAP OF OUR SECOND-COHORT KICK-OFFSHARING LESSONS FROM BILINGUAL, LATINO-LED MEDIA ORGANIZATIONS AND CREATORS WORKING TO STRENGTHEN CIVIC INFRASTRUCTURE. THROUGHOUT 2025, THE NRV BOARD PLAYED A CRITICAL ROLE IN STRATEGIC PLANNING, FINANCIAL OVERSIGHT, AND ECOSYSTEM CONNECTION-BUILDING, HELPING TO ADVANCE THE MISSION AND LONG-TERM SUSTAINABILITY OF NEW RISING VENTURES. 614604 true true false false false false false false false false false false false false true true false false false false false false false false false false false false false true false false false false false true false false false false false false false false false false false true 8 0 6 true false false false false false false false false false false false false X 6 5 false false false false false false false true true false false true true true true true true true true true true CA X PHILLIP SANDERS 5108661006 3126 S SEPULVEDA BLVD 1170 LOS ANGELES CA 90034 JESSICA SALINAS CO-PRESIDENT 29.47 X X 145447 0 13862 PHILLIP SANDERS CO-PRESIDENT 29.47 X 145450 0 13557 DANIEL FORKKIO SECRETARY & 1.00 X X 0 0 0 CARLISSIA GRAHAM TREASURER & 1.00 X X 0 0 0 HAYWOOD L PERRY III BOARD 1.00 X 0 0 0 AARON MITCHELL BOARD 1.00 X 0 0 0 MEL OCHOA BOARD 1.00 X 0 0 0 290897 27419 2 false true false 735300 735300 735300 318316 194193 44564 79579 253852 154850 35539 63463 20729 12645 2902 5182 30605 18669 4285 7651 43761 26694 6127 10940 299 182 42 75 45775 27922 6409 11444 87811 77922 3550 6339 17652 10780 2458 4414 3756 2291 526 939 25893 16967 3204 5722 55912 39615 3853 12444 7261 4429 1017 1815 FUNDRAISING EXPENSES 23994 23994 PROGRAM GRANTS/AWARDS 13740 13740 PROFESSIONAL DEVELOPMENT 10073 6145 1410 2518 PEO/PAYROLL PROCESSING FE 4589 2800 642 1147 5412 4760 234 418 969430 614604 116762 238084 X 418777 207027 4171 6564 422948 213591 8296 60000 76477 60000 84773 X 362948 128818 362948 128818 422948 213591 -234130 X false false false X 363166 735300 1098466 363166 735300 1098466 945475 152991 1098466 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ADVANCE ON START UP COSTS 76477 76477 X SCHEDULE D, PAGE 3, PART X MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. false false false false false false false false false JESSICA SALINAS CO-PRESIDENT & BOARD 145447 7273 6589 159309 PHILLIP SANDERS CO-PRESIDENT 145450 7273 6284 159007 JESSICA SALINAS BOARD/CO-PRES. 159309 REASONABLE COMP false SCHEDULE L, PART V THE BOARD RELIES ON COMPARABILITY DATA TO DETERMINE AND APPROVE THE COMPENSATION FOR JESSICA SALINAS. JESSICA IS A CO-PRESIDENT (PAID) AND BOARD MEMBER (UNPAID). THE BOARD UTILIZES RESOURCES SUCH AS SIMILARY SITUATED EXEMPT ORGANIZATIONS IN THEIR AREAS TO BENCHMARK PAY ALONG WITH MARKET INFORMATION FROM OTHER EXEMPT ORGANIZATIONS AND FOR- PROFIT ORGANIZATIONS TO ASSESS THE COMPETITIVENESS AND REASONABLIESS OF THE COMPENSATION. ONCE A DECISION HAS BEEN MADE, A VOTE IS TAKEN FOR APPROVAL BY THE INDEPENDENT BOARD. RECUSAL OF THE INDIVIDUALS WHOSE COMPENSATION IS BEING DETERMINED IS MANDATORY. FORM 990 - ORGANIZATION'S MISSION NEW RISING VENTURES SUPPORTS EARLY-STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION AND BRIDGES A CRITICAL GAP NOT FULFILLED BY TRADITIONAL GRANT-MAKERS OR VENTURE CAPITAL. OUR SIGNATURE FOUR ACTIVITIES INCLUDE INVESTMENTS AND GRANTMAKING, PORTFOLIO SUPPORT, FIELD BUILDING, AND CONVENINGS. FORM 990, PAGE 2, PART III, LINE 4A IN 2025, NEW RISING VENTURES CONTINUED TO BUILD STRONG MOMENTUM ACROSS OUR RESPONSIBLE AI AND LATINE VOICES FOR DEMOCRACY INITIATIVES, WHILE DEEPENING OUR FOCUS ON INTERNAL CULTURE AND OPERATIONAL SUSTAINABILITY. LATINE VOICES FOR DEMOCRACY (LV4D) IS THE FIRST U.S.-BASED ACCELERATOR OF ITS KIND DELIVERED BILINGUALLY AND FOCUSED ON LATINE-LED NEWS ORGANIZATIONS AND CONTENT CREATORS. IT IS DESIGNED TO STRENGTHEN LOCAL INFORMATION ECOSYSTEMS, ADVANCE NONPARTISAN CIVIC EDUCATION, SUPPORT COMMUNITY-SERVING JOURNALISM, AND EMPOWER TRUSTED LATINE-LED ORGANIZATIONS TO COMBAT MISINFORMATION AND FOSTER CIVIC ENGAGEMENT. IN 2025, WE EXPANDED LV4D BY LAUNCHING A SECOND ACCELERATOR COHORT, BRINGING CREATORS AND LOCAL NEWSROOMS TOGETHER AS EQUAL PARTNERS IN INFORMING THE PUBLIC AND ENCOURAGING CIVIC PARTICIPATION. OVER SEVEN MONTHS, PARTICIPANTS RECEIVE TARGETED MENTORSHIP, TRAINING, AND PARTNERSHIP SUPPORT FROM MISSION-ALIGNED TECHNOLOGY AND MEDIA ORGANIZATIONS TO DEEPEN THEIR COMMUNITY ENGAGEMENT, STORYTELLING, AND AUDIENCE-BUILDING CAPACITY, AS WELL AS CAPITAL, TECHNICAL TOOLS, AND TRAINING ON CAPITAL STRUCTURE AND IMPACT MEASUREMENT TO SUPPORT THEIR LONG-TERM SUSTAINABILITY. A MAJOR MILESTONE WAS THE LAUNCH OF OUR RESPONSIBLE AI FUNDING CYCLE UNDER THE RISING FUND, UNDERSCORING BOTH THE STRENGTH OF THE APPLICANT POOL AND OUR COMMITMENT TO BACKING HIGH-IMPACT ORGANIZATIONS AT THE INTERSECTION OF TECHNOLOGY, DEMOCRACY, AND SOCIAL GOOD. WE ALSO MADE TARGETED INVESTMENTS IN ORGANIZATIONAL CAPACITY DURING THE 2025 TAX YEAR, HIRING AND ONBOARDING A DIRECTOR OF FUNDRAISING TO SHARPEN OUR DEVELOPMENT STRATEGY AND EXTERNAL ENGAGEMENT, AND TRANSITIONING TO A NEW ACCOUNTING FIRM TO SUPPORT LONG-TERM FINANCIAL STABILITY AND OPERATIONAL RIGOR. THROUGHOUT THE YEAR, WE CONVENED MULTIPLE FUNDER BRIEFINGS AND IN-PERSON GATHERINGS TO DEEPEN ENGAGEMENT, SHARE LEARNINGS, AND BUILD ALIGNMENT WITH OUR FUNDING PARTNERS. PORTFOLIO SUPPORT REMAINED A CORE PRIORITY, AS WE CONTINUED TO BACK EARLY- STAGE, NONPARTISAN ENTREPRENEURS AND ACTIVISTS TRANSFORMING OUR DEMOCRACY THROUGH INNOVATION. OUR TEAM MET WITH MORE THAN 50 FOUNDERS OVER THE COURSE OF THE YEAR, PROVIDING TAILORED GUIDANCE ON FUNDRAISING, PITCH AND DECK DEVELOPMENT, STRATEGIC POSITIONING, AND ORGANIZATIONAL TRANSITIONS, AND CONNECTING THEM TO MORE THAN 70 FUNDING OPPORTUNITIES. THIS WAS ALSO A YEAR OF EXPERIMENTATION FOR OUR PORTFOLIO SUPPORT PROGRAM, INCLUDING A PILOT OF PEER COHORTS FOCUSED ON COMMUNITY-BUILDING, WHERE FOUNDERS EXPLORED TOPICS SUCH AS FINDING PRODUCT-MARKET FIT, NAVIGATING ACQUISITIONS, AND SELECTING THE RIGHT HR TOOLS. WE LAUNCHED THREE NEW ONGOING PEER COHORTS WITH EXISTING PORTFOLIO ORGANIZATIONSBUILDING & SCALING (FOR FOR-PROFIT FOUNDERS), PEOPLE OPERATIONS, AND COMMUNITY SUPPORTTHAT MEET QUARTERLY TO PROVIDE STRUCTURED PEER LEARNING AND STRATEGIC SUPPORT, WITH FOUNDER-DRIVEN AGENDAS AND FACILITATED GUIDANCE WHERE NEEDED. WE CONTINUED TO ENGAGE OUR ANGEL SUPPORTER NETWORK ON A QUARTERLY BASIS THROUGH A REFRESHED OUTREACH STRATEGY, WHILE SPOTLIGHTING AND SHARING UPDATES ON OUR PORTFOLIO ORGANIZATIONS. AS PART OF OUR PROGRAMMATIC WORK, WE ALSO HOSTED A SERIES OF CONVENINGSINCLUDING PARTICIPATION IN LA TECH WEEKWHERE WE CO-HOSTED THE SECOND ANNUAL CHANGEMAKER FILM SHOWCASE WITH THE MICHAEL LATT LEGACY FUND, CELEBRATING UNDERREPRESENTED FILMMAKERS DRIVING SOCIAL CHANGE AND ADVANCING INNOVATIVE MEDIA AND TECHNOLOGY SOLUTIONS FOR A MORE INCLUSIVE AND RESILIENT DEMOCRACY. WE ALSO EXPANDED OUR COMMUNICATIONS AND THOUGHT LEADERSHIP. WE LAUNCHED AN NRV SUBSTACK TO SHARE UPDATES, RESEARCH, AND ECOSYSTEM INSIGHTS, INCLUDING THE LAUNCH ANNOUNCEMENT FOR THE RISING FUND AND OUR 2025 RESPONSIBLE AI COHORT, AS WELL AS ANALYTIC PIECES SUCH AS RESPONSIBLE AI INVESTMENT CYCLE 2025: INSIGHTS & EMERGING TRENDS, EVALUATING RESPONSIBLE AI: HOW PURPOSE, PEOPLE, AND PROGRESS DRIVE TECHNOLOGY FOR GOOD, AND BUILDING AI FOR THE PUBLIC GOOD: PRELIMINARY INSIGHTS FROM OUR RESPONSIBLE AI PIPELINE, WHICH TOGETHER SURFACED FUNDING GAPS AND OPPORTUNITIES FOR TECHNOLOGY THAT SERVES VULNERABLE COMMUNITIES. WE ADDITIONALLY PUBLISHED AI AS A BATTLEGROUND FOR POWER: BUILDING THE FUTURE OF RESPONSIBLE TECHNOLOGY AND TWO ARTICLES DOCUMENTING OUR LATINE VOICES FOR DEMOCRACY ACCELERATORINSIDE LV4D: KEY INSIGHTS & LEARNINGS FROM THE FIRST US-BASED ACCELERATOR FOR LATINO-LED MEDIA AND A RECAP OF OUR SECOND-COHORT KICK-OFFSHARING LESSONS FROM BILINGUAL, LATINO-LED MEDIA ORGANIZATIONS AND CREATORS WORKING TO STRENGTHEN CIVIC INFRASTRUCTURE. THROUGHOUT 2025, THE NRV BOARD PLAYED A CRITICAL ROLE IN STRATEGIC PLANNING, FINANCIAL OVERSIGHT, AND ECOSYSTEM CONNECTION-BUILDING, HELPING TO ADVANCE THE MISSION AND LONG-TERM SUSTAINABILITY OF NEW RISING VENTURES. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD HAS THE RESPONSIBILITY FOR REVIEWING THE ORGANIATION'S FORM 990 (INCLUDING ALL PERTINENT SCHEDULES) BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. A DRAFT OF THE FORM 990 IS READY FOR REVIEW BY THE BOARD PRIOR TO THE FILING DEADLINE. AFTER THE DRAFT OF THE FORM 990 HAS BEEN OBTAINED BY THE BOARD, THEY WILL HAVE TIME TO COMPLETE THEIR REVIEW. IN CONDUCTING THEIR REVIEW OF THE DRAFT OF THE FORM 990, THE BOARD CONDUCTS A TOP-LEVEL OR BIG-PICTURE TYPE OF REVIEW. HOWEVER, IF THE BOARD DEEMS IT NECESSARY TO CONDUCT A MORE DETAILED REVIEW OF THE FORM 990, THEN THEY CONTACT THE PREPARER OF THE FORM 990 TO REQUESET COPIES OF THE RELEVANT DETAILED TAX RETURN WORKPAPERS WHICH THEY WOULD LIKE TO SEE. ONCE THE BOARD HAS COMPLETED ITS INITIAL REVIEW OF THE FORM 990, A MEETING OR CONFERENCE CALL MAY BE SCHEDULED WITH THE PREPARER OF THE FORM 990 TO DISCUSS ANY QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS IDENTIFIED BY THE BOARD. THE PREPARER OF THE FORM 990 MAKES ANY REVISIONS TO THE FORM 990 AS SOON AS FEASIBLY POSSIBLE TO ENSURE THAT THE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE ON A TIMELY BASIS. ALL QUESTIONS, COMMENTS, AND SUGGESTED REVISIONS SET FORTH BY THE BOARD ARE DOCUMENTED, ALONG WITH ANY RESPONSES FROM THE PREPARER OF THE FORM 990, IF APPLICABLE. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS AND OFFICERS PREPARE AN ANNUAL DISCLOSURE OF ANY POSSIBLE CONFLICTS OF INTEREST. THESE DISCLOSURES ARE REVIEWED BY THE ORGANIZATION'S MANAGEMENT TEAM, AND SHOULD ANY DISCLOSURE JUSTIFY FURTHER DISCUSSION/DETERMINATION, THE FULL BOARD WOULD VOTE ON THE TRANSACTION WITHOUT THE BOARD MEMBMER OR OFFICER PRESENT FOR THE DELIBERATION. THERE WERE NO INSTANCES OF THE ORGANIZATION HAVING TO ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD RELIES ON COMPARABILITY DATA TO DETERMINE AND APPROVE THE COMPENSATION OF THE CO-PRESIDENTS. THE BOARD UTILIZES RESOURCES SUCH AS SIMILARY SITUATED EXEMPT ORGANIZATIONS IN THEIR AREAS TO BENCHMARK PAY ALONG WITH MARKET INFORMATION FROM OTHER EXEMPT ORGANIZATIONS AND FOR- PROFIT ORGANIZATIONS TO ASSESS THE COMPETITIVENESS AND REASONABLIESS OF THE COMPENSATION. ONCE A DECISION HAS BEEN MADE, A VOTE IS TAKEN FOR APPROVAL BY THE INDEPENDENT BOARD. RECUSAL OF THE INDIVIDUALS WHOSE COMPENSATION IS BEING DETERMINED IS MANDATORY. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD RELIES ON COMPARABILITY DATA TO DETERMINE AND APPROVE THE COMPENSATION FOR OFFICERS OR KEY EMPLOYEES, IF ANY. THE BOARD UTILIZES RESOURCES SUCH AS SIMILARY SITUATED EXEMPT ORGANIZATIONS IN THEIR AREAS TO BENCHMARK PAY ALONG WITH MARKET INFORMATION FROM OTHER EXEMPT ORGANIZATIONS AND FOR-PROFIT ORGANIZATIONS TO ASSESS THE COMPETITIVENESS AND REASONABLIESS OF THE COMPENSATION. ONCE A DECISION HAS BEEN MADE, A VOTE IS TAKEN FOR APPROVAL BY THE BOARD. RECUSAL OF THE INDIVIDUALS WHOSE COMPENSATION IS BEING DETERMINED IS MANDATORY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS ARTICLES OF INCORPORATION, BYLAWS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART X THE 76,477 LIABILITY REPRESENTS A PAYABLE FOR SHARED COSTS (INCLUDING EMPLOYEE LEASING) ADVANCED BY THE OTHER ORGANIZATION WHO IS LEASING NEW RISING VENTURE'S EMPLOYEES. THE AMOUNT IS UNSECURED, NON-INTEREST-BEARING, AND EXPECTED TO BE SETTLED IN Q1 2026.