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First 72

First 72

New Orleans, LA
Tax ID47-1833909

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About this organization

Revenue

$572,345

Expenses

$394,952

Website

risingfoundations.org

Mission

Stopping the cycle of incarceration through community economic development.

About

During 2017, RisingFoundations had the following major accomplishments: Access to affordable housing - in partnership with Next Generation International/The First 72+ we provided free transitional housing to 24 people. We are also in the process of renovating a 6500 sq ft property to provide free transitional housing to 8 additional people bringing our capacity to 15 beds. Small business development - a unique workforce development program we foster self-sufficiency through self-employment and small business development enabling our clients to bypass discrimination by employers. Our small business incubator empowers formerly incarcerated people to develop small businesses to (at first) supplement their income while they continue working low-wage jobs, with an overall goal for these businesses to grow to provide full time employment for themselves, and eventually other formerly incarcerated people.

Interesting data from their 2019 990 filing

The non-profit's mission is outlined in the filing as being “Risingfoundations provides pathways to self-sufficiency for formerly incarcerated people with an aim to stop the cycle of incarceration in low income communities. in our unique workforce development program we promote small business development, access to safe and affordable housing, and financial security, while rebuilding neighborhoods.”.

When outlining its responsibilities, they were referred to as: “Stopping the cycle of incarceration through community economic development.”.

  • The state in which the non-profit operates has been officially reported as LA.
  • The filing reveals the non-profit's address in 2019 to be 2915 PERDIDO STREET, NEW ORLEANS, LA, 70119.
  • As per the non-profit's form for 2019, they have 4 employees on their payroll.
  • Is not a private foundation.
  • Expenses are between $100,000 and $250,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $177,393.
  • The organization has 2 independent voting members.
  • The organization was formed in 2014.
  • The organization pays $115,550 in salary, compensation, and benefits to its employees.
  • The organization pays $6,791 in fundraising expenses.

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