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EIN 82-3461657

Rivet School

IRS 501(c) type
501(c)(3)
Num. employees
27
City
Richmond
State
California
Year formed
2017
Most recent tax filings
2023-12-01
NTEE code, primary
B42: Undergraduate College (4-year)
Description
Rivet School's mission is to build and scale a new model of higher education that reliably enables traditionally underserved students to earn an affordable bachelor's degree in as little as two years, leading to a great first job and increased opportu...
Also known as...
Bay Area Hybrid College Initiative; Concourse Education
Total revenues
$4,866,308
2023
Total expenses
$3,187,817
2023
Total assets
$5,863,880
2023
Num. employees
27
2023

Program areas at Rivet School

Rivet School was founded in 2018 with the mission of building a college experience designed entirely around the needs of real students. Our founding degree partner is Southern New Hampshire University, which offers a program called College for America CfA. Through CfA, enrollees earn their Associates of Arts or Bachelors of Arts degrees. In 2023, our team grew from nineteen to twenty-five. Through it all, we maintained a remarkable 95% voluntary retention rate, with only one voluntary transition among team members who started the year with us. This achievement aligns with the positive team culture reflected in our quarterly Team Experience Surveys (TES). (Cont'd at Schedule O)

Grants made by Rivet School

GranteeGrant descriptionAmount
Southern New Hampshire University (SNHU)Tuition Support$114,277

Who funds Rivet School

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NewSchools Venture Fund (NSVF)Edge$500,000
Sobrato Family Foundation (SFF)Deepen Rivet School's Work in Silicon Valley To Support Working Adults, Student Parents, Aspiring Educators, and Others Who Traditional Institutions of Higher Education Are Not Adequately Serving To Earn A Bachelor's Degree and Obtain Strong First Careers.$250,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$215,000
...and 14 more grants received

Personnel at Rivet School

NameTitleCompensation
Jeff ManasseroChief Executive Officer and Founder$147,981
Iris JongChief Operating Officer$104,169
Sandra NunezChief Program Officer
Nora MaxwellChief Growth Officer
Adanta AhanonuBoard Member$0
...and 6 more key personnel

Financials for Rivet School

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,192,509
Program services$602,194
Investment income and dividends$70,579
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$1,026
Total revenues$4,866,308

Form 990s for Rivet School

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-09990View PDF
2022-122023-11-07990View PDF
2021-122023-02-10990View PDF
2021-122022-10-20990View PDF
2020-122021-05-21990View PDF
...and 3 more Form 990s

Organizations like Rivet School

OrganizationLocationRevenue
Phoenix SeminaryScottsdale, AZ$6,926,909
Patrick Henry College (PHC)Purcellville, VA$18,965,180
Maranatha Baptist UniversityWatertown, WI$17,461,517
The Institute of World Politics (IWP)Washington, DC$12,528,606
Stark College & SeminaryCorpus Christi, TX$3,016,407
Oak Hills Christian College (OHCC)Bemidji, MN$4,015,662
Central Christian College of the BibleMoberly, MO$8,101,338
Presentation College (PC)Aberdeen, SD$16,117,423
Future Generations University CorporationFranklin, WV$3,762,421
Hebrew CollegeAuburndale, MA$9,715,002
Data update history
October 2, 2024
Updated personnel
Identified 1 new personnel
September 21, 2024
Received grants
Identified 4 new grant, including a grant for $200,000 from Charter School Growth Fund (CSGF)
May 18, 2024
Received grants
Identified 1 new grant, including a grant for $30,000 from Irvin Stern Foundation
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 3 new personnel
Nonprofit Types
SchoolsCharities
Issues
Education
Characteristics
Partially liquidatedNational levelManagement and technical assistanceProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
1503 Macdonald Ave
Richmond, CA 94801
Metro area
San Francisco-Oakland-Berkeley, CA
County
Contra Costa County, CA
Website URL
rivetschool.org/ 
Phone
(510) 727-5484
IRS details
EIN
82-3461657
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B42: Undergraduate College (4-year)
NAICS code, primary
611310: Colleges, Universities, and Professional Schools
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0259469
FTB Entity ID
4083856
AB 488 data last updated ("as-of") date
2024-10-16
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