Raes Hope Inc
- Assets
- $102.7k
- Revenue
- $76.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 20-8743343
Organization Overview
Raes Hope Inc is located in Dallas, TX. The organization was established in 2008. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raes Hope Inc 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 12/2021, Raes Hope Inc generated $76.5k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $28.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (43.5%) per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING AT-RISK GIRLS IN DALLAS TO TAKE CHARGE OF THEIR LIVES AND BECOME PRODUCTIVE MEMBERS OF THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAIN PROGRAM- RAE'S HOPE'S PROGRAM INCLUDES A MULTI-FACETED APPROACH THAT COMBINES TEAM SPORTS WITH A RICH CIRRICULA OF LIFE SKILLS, HEALTHY LIVING, SOCIAL SKILLS, TECHNOLOGY, FINANCIAL LITERACY AND COMMUNITY SERVICE. OUR WORK IS TO ENGAGE YOUNG GIRLS IN THE DEVELOPMENT OF LIFE-SKILLS OUTSIDE OF SCHOOL, WITH HOPES OF PREVENTING THEM FROM DISRUPTIVE BEHAVIORS BY FOCUSING ON ACTIVITIES THAT LEAD TO POSITIVE OUTCOMES. THROUGH OUR MAIN PROGRAM, THE GIRLS LEARN THE SPORT OF VOLLEYBALL, WHILE AT THE SAME TIME, PRACTICING LIFE-SKILLS, IMPROVING THEMSELVES AND BUILDING CONSTRUCTIVE RELATIONSHIPS. SINCE OUR INCEPTION, 90% OF THE GIRLS WHO PARTICIPATED IN PROGRAMMING FOR MORE THAN TWO YEARS HAVE GRADUATED FROM HIGH SCHOOL. ALTHOUGH OUR PROGRAMMING WAS LIMITED IN 2021 DUE TO COVID-19, WE WERE ABLE TO SERVE ABOUT 40 GIRLS THROUGH YOUTH SPORTS AND HOLISTIC PROGRAMMING.
TECHNOLOGY DAY - IN 2021, WE WERE ABLE TO HOLD OUR TECHNOLOGY DAY WHICH IS OPEN TO ANY YOUTH IN THE SOUTH DALLAS AREA. THE PURPOSE OF THIS DAY IS TO ENGAGE THE YOUTH WITH VARIOUS STEM ACTIVITIES BY ROTATING TO STATIONS MANNED MOSTLY BY ADULT VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Ogbanna Chairperson | OfficerTrustee | 5 | $0 |
Moniqa Paullet Vice Chairperson | OfficerTrustee | 3 | $0 |
Debbie Pon Treasurer | OfficerTrustee | 3 | $0 |
Lisa Mackay Secretary | OfficerTrustee | 3 | $0 |
Angela Fields Executive Director | Trustee | 10 | $0 |
Rehana Dharani Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,493 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,493 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,211 |
| Office expenses | $166 |
| Information technology | $7,821 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,460 |
| All other expenses | $10,116 |
| Total functional expenses | $28,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,742 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $102,742 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $102,742 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $102,742 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Raes Hope Inc has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
David And Betty Sacks Foundation Trust Dallas, TX PURPOSE: TEAM SPORTS FOR UNDERSERVED | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of The South Plains Lubbock, TX | $5,510,037 | $11,639,897 |
Y-Gno Finance Foundation Inc Metairie, LA | $0 | $204,000 |
Kick Drugs Out Of America Foundation Houston, TX | $3,251,630 | $6,283,893 |
Camp For All Foundation Houston, TX | $19,527,838 | $4,309,337 |
Positive Tomorrows Inc Oklahoma City, OK | $15,149,548 | $3,924,805 |
The Forest Stewards Guild Santa Fe, NM | $1,227,852 | $2,587,395 |
Saloc San Antonio, TX | $1,644,193 | $2,786,053 |
15 And The Mahomies Foundation Austin, TX | $499,179 | $1,827,786 |
Oklahoma Youth Literacy Program Oklahoma, OK | $211,616 | $1,322,175 |
Out Youth Austin Austin, TX | $1,034,077 | $1,624,599 |
Camp Loughridge An Oklahoma Not For Profit Corporation Tulsa, OK | $5,546,254 | $1,150,461 |
Foles Believe Foundation Inc Austin, TX | $7,202 | $615,088 |