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 · View filing
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
About Bay Area Hybrid College Initiative
Based on IRS filings
Bay Area Hybrid College Initiative is a nonprofit organization focused on Education, based in RICHMOND, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 1 grants totaling $270K. Net investment income was $160K.
Focus Areas
Ready to take the next step with Bay Area Hybrid College Initiative?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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
Among its reported 2024 grants, the largest include Southern New Hampshire Uni ($269,885).
| Recipient | Purpose | Amount |
|---|---|---|
| Southern New Hampshire Uni Manchester, NH | Tuition Support | $269,885 |
Leadership & 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 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bay Area Hybrid College Initiative?
Bay Area Hybrid College Initiative is a nonprofit organization focused on Education, based in RICHMOND, CA. It holds $5.7M in total assets as of 2024.
How large is Bay Area Hybrid College Initiative?
As of 2024, Bay Area Hybrid College Initiative holds $5.7M in total assets with $4.3M in annual revenue. It awarded 1 grants totaling $270K in 2024.
Where does Bay Area Hybrid College Initiative operate?
Bay Area Hybrid College Initiative has awarded grants in Colorado, New Hampshire, Texas.
What size grants does Bay Area Hybrid College Initiative award?
In 2024, Bay Area Hybrid College Initiative awarded 1 grants totaling $270K — an average of about $270K per grant, based on its IRS Form 990 filings.
What is Bay Area Hybrid College Initiative's EIN?
Bay Area Hybrid College Initiative's EIN (Employer Identification Number) is 82-3461657. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Bay Area Hybrid College Initiative's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.