RISE FOUNDATION INC | RISE MEMPHIS INC

MEMPHIS, TN | Shelby County
Community Services

Overview

RISE FOUNDATION INC | RISE MEMPHIS INC
31-1712061
1355 LYNNFIELD ST STE 101
MEMPHIS, TN 38119
Shelby County
(901) 507-6638

development@risememphis.org
Mission Statement info

RISE EMPOWERS PEOPLE TO BECOME SELF-SUFFICIENT BY BUILDING AND SUSTAINING HUMAN AND FINANCIAL ASSETS.

CRA Category info
  • Community Services
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
1999
Total Employees info
14
Total Volunteers info
30
Nonprofit Classification (NTEE Code) info
P40

P - Human Services

Family Services

Organizations that provide a wide variety of social services that are designed to support healthy family development, improve the family's ability to resolve problems and prevent the need for unnecessary placement of children in settings outside the home. Use this code for organizations that provide comprehensive family support services or which offer services other than those specified below.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624190
Other Individual and Family Services
Targeted Clients info
  • Children & Youth
  • Economically Disadvantaged
  • K-12 Students
  • Entrepreneurs
  • First-Time Homebuyers
  • People Needing Credit Counseling
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income

CRA Alignment

CRA Category info
Community Services
Social services and other support for low- and moderate-income, homeless or at-risk individuals.
95%
Percent LMI Served info
as reported by the nonprofit
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
LOWHIGH
LOWHIGH
LOWHIGH
LOWHIGH
Programs & Services info
Save Up
Save Up, RISE Memphis’s matched-savings account program, is designed to help low-to-moderate wage earners learn to manage their income; improve their credit; save money; purchase assets such as homes, computers and post-secondary education; and even establish their own micro-enterprises. RISE teaches participants to create a budget based on their personal income and expenses and to establish safe and affordable bank accounts and purchase assets. After participants complete financial education classes, RISE helps them open a special savings account that requires them to deposit $25-$100 per month for six consecutive months. After six months of saving, RISE matches each dollar saved with two dollars, tripling participants’ savings and making
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • First-Time Homebuyers
CRA Income Characteristics info
  • Low-Income
Goal Card
Our Goal Card program teaches public school students how to set and achieve academic, financial and life goals. The incentive program provides structured academic mentoring and support from adult volunteers, who lend their time and insight to provide ongoing encouragement and guidance. Students earn points for their achievements, which are redeemable for school supplies, gift cards and small electronic items. They can also choose to bank their points for even bigger rewards. Goal Card students continue to have a 100% graduation rate.
Targeted Clients info
  • Children & Youth
  • K-12 Students
CRA Income Characteristics info

    Not reported

Greater Memphis Financial Empowerment Center
The GMFEC offers free, one-on-one professional financial counseling to all Shelby County residents. Certified financial counselors are available for personalized guidance and can help you deal with a wide range of personal financial issues. Need help managing or reducing your household debt? Want advice on how to build or restore your personal credit? Have a budget but need some specific tips on how to better save for retirement or other goal? Counselors can help you: Take control of your debt Deal with debt collectors Improve your credit Build your savings Create a budget and create a plan to stick to it Find safe and affordable financial products Other services based on your needs ​Services are always free
Targeted Clients info
  • Economically Disadvantaged
  • Entrepreneurs
  • First-Time Homebuyers
  • General Public
  • People needing Credit Counseling
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
Silver Neighbors
Our Silver Neighbors program empowers older adults to make better choices about their finances. Trained volunteer peer ambassadors travel to community sites such as senior centers, churches and housing developments to educate seniors about topics such as scams and fraud, Medicare, life insurance products, budgeting and benefits. These learning circles help seniors better understand their financial circumstances and become more knowledgeable about the services available to them in the community.
Targeted Clients info
  • Senior Citizens
CRA Income Characteristics info
  • Low-Income
  • Moderate-Income
  • SSI Recipients
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$0.9M
Revenue
$891.8K
Assets
$1.7M

IRS Business Master File Details info

As of September 2025
Exempt Ruling Date info
2002-02
Deductibility Status info
Deductible
Last Tax Filing info
2024
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of August 2025
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through June 2025
Tax period ending in
2024-04
Tax period ending in
2023-04
Tax period ending in
2022-04
Tax period ending in
2021-04
Tax period ending in
2020-04
Tax period ending in
2019-04
Tax period ending in
2018-04
Tax period ending in
2017-04
Tax period ending in
2016-04

Nonprofit Location

Main Address info
1355 LYNNFIELD ST STE 101
MEMPHIS, TN 38119
Shelby County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
32820
MSA/MD info
47
State info
157
County info
0213.20
Tract info
Upper
Income Level info
Core-Based Statistical Area info
32820 - Memphis, TN-MS-AR
Combined Statistical Area info
368 - Memphis-Clarksdale-Forrest City, TN-MS-AR
Metropolitan Division info
Not located in an MD.
Main Address Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 32.36%
FFIEC Distressed Census Tract info
FFIEC Underserved Census Tract info
Geographies Served info
  • TN - Shelby County

Market Data

Main Address Census Tract County
1355 LYNNFIELD ST STE 101
MEMPHIS, TN 38119
0213.20 Shelby County
Population
Total Population 5,989 922,195
Total Households 2,150 360,590
Income
Median Income* $109,000 $62,337
Median Family Income (2024 FFIEC est.) $83,000 $90,500
Tract Income Percentage 161.14% N/A
Below Poverty Level 9.6% 17.5%
Unemployment Level 5.3% 7.2%
Housing
Total Housing Units 2,343 403,144
Total Owner-Occupied Units 53.4% 54.6%
Total Renter-Occupied Units 38.4% 45.4%
Total Vacant Units 8.2% 8.4%
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2023 American Community Survey.
View more than 200 performance context data points for this county now.

Management

24
Total Voting Members
in Governing Body
info
24
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Shelia Terrell
CEO
(901) 507-6644
Principal Officer info
Shelia Y Terrell
findCRA Profile Owner
DeVonte Payton
Director of Development
devonte@risememphis.org
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grant Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2023-04.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was created using data available from publicly available government and industry sources, our own research, and information provided directly the nonprofit organization. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.