Bay Area Hybrid College Initiative
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$5.7M
-2.9% YoY
Annual Giving
$270K
+136.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$270K
+136.2% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,693,218 | $5,863,880 | $4,144,876 |
| Revenue | $4,299,770 | $4,866,308 | $4,245,051 |
| Expenses | $4,402,590 | $3,187,817 | $2,319,504 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $159,656 | $70,579 | $9,187 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Bay Area Hybrid College Initiative fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jeff Manassero | Executive Dir. | 40 | $191,027 |
| Iris Jong | COO | 40 | $160,612 |
| Sandra Nunez Chief | Program Officer | 40 | $102,654 |
| Nora Maxwell Chief | Growth Officer | 40 | $90,846 |
| Ted Williams | Chairman | 1 | — |
| Lauren Dutton Dir | Secretary | 1 | — |
| John Philip Coghlan Dir | Treasurer | 1 | — |
| Jaclyn Pinero | Director | 1 | — |
| Yin Lu | Director | 1 | — |
| Adanta Ahanonu | Director | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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