Renu Foundation
- Assets
- $1.1m
- Revenue
- $28.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Terrell, TX
- Founding
- 03/2007
- Data as of
- 12/2020
- EIN
- 20-5203331
Organization Overview
Renu Foundation, operating under the name Renu Corporation, is located in Terrell, TX. The organization was established in 2007. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renu Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Renu Corporation generated $28.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $34.8k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
USING OUR GREEN AND RECYCLED MATERIALS PRODUCTS TECHNOLOGY AND RESEARCH AND DEVELOPMENT, WE REHABILITATE, TRAIN AND MENTOR RECENTLY INCARCERATED, DRUG AND ALCOHOL ABUSERS, AT-RISK YOUTH, ADULTS AND DISENFRANCHISED AND IMPOVERISHED INDIVIUDALS IN OUR LIFE-BUILDER/SKILL AND BACK TO NATURE AND WORK PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFEBUILDER PROGRAM: RENU FOUNDATION'S CHARITABLE PROGRAM TO PROVIDE JOB SKILLS TRAINING, TEMPORARY HOUSING AND OTHER COST OF LIVING ASSISTANCE.
LIFESKILLS PROGRAM: RENU FOUNDATION'S CHARITABLE PROGRAM TO PROVIDE EDUCATION AND ASSISTANCE WITH HEALTHY LIFESTYLE CHANGES, INCLUDING NUTRITION, AGRICULTURE AND ANIMAL HUSBANDRY, AND PROMOTE SELF ASSURANCE AND SELF-RELIANCE.
CUBITS CAMPAIGN: RENU FOUNDATION'S ON-GOING GENERAL FUNDRAISING CAMPAIGN SELLS CONSTRUCTIONS PROJECTS TO CREATE JOB TRAINING OPPORTUNITIES AND AFFORDABLE HOUSING SOLUTIONS ACCORDING TO THE HOUSING MANDATES CREATED BY THE FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirk Melton Executive Director/preside | OfficerTrustee | 60 | $0 |
Kathrine Melton Secretary/treasurer. Direc | OfficerTrustee | 20 | $0 |
Dr Ingrid Arnold Director | Trustee | 5 | $0 |
Sr Dist Judge Vic Cunningham Director | Trustee | 10 | $0 |
Don Kennedy Director | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $386 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,386 |
| Total Program Service Revenue | $3,502 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,338 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,860 |
| Advertising and promotion | $0 |
| Office expenses | $4,469 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,162 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,930 |
| Insurance | $1,023 |
| All other expenses | $0 |
| Total functional expenses | $34,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,838 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,202 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $471,100 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $655,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,129,718 |
| Accounts payable and accrued expenses | $419,906 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $190,117 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $610,023 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $519,695 |
| Total liabilities and net assets/fund balances | $1,129,718 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Renu Foundation has recieved totaling $5,295.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $5,281 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $14 |
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Sheltered Work Activity Program Inc Muskogee, OK | $3,971,710 | $6,390,815 |
Sherwood & Myrtie Foster Home For Children Stephenville, TX | $11,331,747 | $5,786,613 |
Southwest Louisana Independence Center Inc Lake Charles, LA | $4,269,483 | $6,523,920 |
Texarkana Special Education Center Inc Texarkana, TX | $8,205,131 | $6,136,166 |
Arcil Inc Austin, TX | $1,284,251 | $4,834,932 |
Southeast Vocational Alliance Inc Houston, TX | $1,930,233 | $5,004,013 |
Earc Inc Edmond, OK | $3,396,149 | $5,362,252 |