Nonprofits›Bay Area Hybrid College Initiative

Education

Bay Area Hybrid College Initiative

RICHMOND, CA

WebsiteView as a funder

Total revenue

$4.3M

Total expenses

$4.4M

Net assets

$4.8M

Grants received

$5.4M

43 grants

EIN

823461657

Tax year

2024

Mission

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 opportunity over time.

Financials

FY 2024

Revenue

Contributions & grants$3.0M
Program service revenue$1.2M
Investment income$160K
Other revenue$1K
Total revenue$4.3M

Expenses

Grants paid$366K
Salaries & benefits$3.2M
Fundraising$208K
Other expenses$769K
Total expenses$4.4M
Total assets$5.7M
Net assets$4.8M

People

10 listed

NameRoleCompensation

Jeff Manassero

Executive Dir.

Board

$191K

40 hrs/wk

Iris Jong

COO

Board

$161K

40 hrs/wk

Ted Williams

Chairman

Board

—

1 hrs/wk

Lauren Dutton Dir

Secretary

Board

—

1 hrs/wk

John Philip Coghlan Dir

Treasurer

Board

—

1 hrs/wk

Jaclyn Pinero

Director

Board

—

1 hrs/wk

Yin Lu

Director

Board

—

1 hrs/wk

Adanta Ahanonu

Director

Board

—

1 hrs/wk

Sandra Nunez Chief

Program Officer

Staff

$103K

40 hrs/wk

Nora Maxwell Chief

Growth Officer

Staff

$91K

40 hrs/wk

Grants received

Showing 43 of 43

FromAmountPurposeYear
CHARTER FUND INC
$200K
IMPACT AND INNOVATION
2024
NPX CHARITABLE INC
$161K
PAYMENT FOR EACH STUDENT WHO GRADUATES WITH A DEGREE.
2024
EVELYN AND WALTER HAAS JR FUND
$103K
TO SOLIDIFY THE RIVET SCHOOL BRIDGE PROGRAM IN OAKLAND. FOR GENERAL SUPPORT.
2024
FOUR PINES CHARITABLE FOUNDATION
$50K
CHARITABLE
2024
GREENLIGHT FUND INC
$10K
GENERAL SUPPORT
2024
GS DONOR ADVISED PHILANTHROPY FUND
$8K
EDUCATION
2024
CRANKSTART FOUNDATION
$1M
TO GENERATE DONOR MATCHING FUNDS FOR RIVET SCHOOL
2023
CRANKSTART FOUNDATION
$750K
TO ENABLE ACCESS TO A SELF-PACED, AFFORDABLE, AND CAREER-FOCUSED BACHELOR'S DEGREE AT RIVET SCHOOL
2023
CHARTER FUND INC
$200K
IMPACT AND INNOVATION
2023
DONOR ADVISED CHARITABLE GIVING INC
$191K
EDUCATION
2023
NPX CHARITABLE INC
$161K
PAYMENT FOR EACH STUDENT WHO GRADUATES WITH A DEGREE.
2023
Chime Scholars Foundation
$40K
Establishing the "Chime Scholarship" fund
2023
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$16K
For grant recipient's exempt purposes
2023
AMERICAN ONLINE GIVING FOUNDATION INC
$14K
GENERAL SUPPORT
2023
THE GOLDMAN SACHS CHARITABLE GIFT FUND
$10K
SCHOLARSHIPS & FINANCIAL AID
2023
CRANKSTART FOUNDATION
$3K
2023 EVENT SPONSORSHIP AT RIVET SCHOOL
2023
NEW SCHOOLS FUND
$500K
EDGE
2022
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$215K
For grant recipient's exempt purposes
2022
DONOR ADVISED CHARITABLE GIVING INC
$84K
EDUCATION
2022
NPX CHARITABLE INC
$54K
PAYMENT FOR EACH STUDENT WHO GRADUATES WITH A DEGREE.
2022
SILICON SCHOOLS FUND INC
$38K
TO SUPPORT TEACHER TRAINING
2022
WGU Advancement
$218K
TRANSACTIONS FOR RIVET ACADEMY
2021
SILICON SCHOOLS FUND INC
$156K
TO SUPPORT TEACHER TRAINING
2021
DONOR ADVISED CHARITABLE GIVING INC
$34K
EDUCATION
2021
NPX CHARITABLE INC
$27K
PAYMENT FOR EACH STUDENT WHO GRADUATES WITH A BACHELOR DEGREE.
2021
NATIONAL PHILANTHROPIC TRUST
$25K
EDUCATION
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$25K
For grant recipient's exempt purposes
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$25K
For grant recipient's exempt purposes
2021
MARIN COMMUNITY FOUNDATION
$20K
GENERAL OPERATING SUPPORT
2021
FIDELITY INVESTMENTS CHARITABLE GIFT FUND
$303K
For grant recipient's exempt purposes
2020
SKILLUP COALITION
$200K
ACCELERATE INNOVATION TO SUPPORT STUDENT PARENTS AND BREAK DOWN THE BARRIERS THEY FACE IN ACHIEVING SUCCESS IN POST-SECONDARY EDUCATION
2020
DONOR ADVISED CHARITABLE GIVING INC
$134K
EDUCATION
2020
CHARTER FUND INC
$50K
COLLEGE AND ALUMNI SUCCESS
2020
MARGOES FOUNDATION
$50K
TO SUPPORT LOW-INCOME STUDENTS EFFICIENTLY EARN A JOB-READY, DEBT-FREE BACHELOR'S DEGREE.
2020
NATIONAL PHILANTHROPIC TRUST
$25K
EDUCATION
2020
SCHOXORG
$25K
TO SUPPORT THE ORGANIZATION'S EXEMPT CHARITABLE PURPOSE
2020
WGU LABS
$22K
SCHOOL FUNDING
2020
TIPPING POINT COMMUNITY
$11K
DISCRETIONARY
2020
DONOR ADVISED CHARITABLE GIVING INC
$100K
EDUCATION
2019
CARLA AND DAVID CRANE FOUNDATION
$40K
GENERAL SUPPORT
2019
NATIONAL PHILANTHROPIC TRUST
$25K
EDUCATION
2019
MARIN COMMUNITY FOUNDATION
$20K
PROVIDE GENERAL OPERATING SUPPORT
2019
Lead Liberated
$19K
Talent Transformational Schools
2019

Funded by

$5.4M from 24 funders · 43 grants · 2019–2024

Crankstart Foundation

$1.8M · 3 grants · 2023

Fidelity Investments Charitable Gift Fund

$583K · 5 grants · 2020–2023

Donor Advised Charitable Giving Inc

$543K · 5 grants · 2019–2023

New Schools Fund

$500K · 1 grant · 2022

Charter Fund Inc

$450K · 3 grants · 2020–2024

Npx Charitable Inc

$401K · 4 grants · 2021–2024

WGU Advancement

$218K · 1 grant · 2021

Skillup Coalition

$200K · 1 grant · 2020

Details

EIN823461657
NTEE codeB30
Subsection03
Ruling date2018-09
Formed2017
Employees41
Volunteers6
BAY AREA HYBRID COLLEGE INITIATIVE — Mission, Financials & Grants Received | Grantivo