Ripples Of Hope Inc
- Assets
- $804.9k
- Revenue
- $453.3k
- Investments
- $462.7k
- Employees
- 0
- Location
- Dedham, MA
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-2624459
Organization Overview
Ripples Of Hope Inc is located in Dedham, MA. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripples Of 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 12/2023, Ripples Of Hope Inc generated $453.3k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $207.7k during the year ending 12/2023. While expenses have increased by 2.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ripples Of Hope Inc has awarded 27 individual grants totaling $486,554. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATION OF ENDURING PARTNERSHIPS BETWEEN DIVERSE FAMILIES,COMMUNITIES AND LEADERS WHO TOGETHER WORK ON LOCALLY-DRIVEN, SELF-SUSTAINING SOLUTIONS TO PRESSING CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED FROM THE ANNUAL FAMILY GRATITUDE 5K TURKEY TROT WERE PROVIDED TO SUPPORT THE DEDHAM YOUTH COMMISSION. THE YOUTH COMMISSION IS DEDICATED TO PROVIDING EDUCATIONAL, SOCIAL-EMOTIONAL, RECREATIONAL AND HEALTH PROGRAMS AND SERVICES TO THE YOUNG PEOPLE IN DEDHAM. THE ORGANIZATION'S CURRENT SERVICE INITIATIVES SUPPORTS THE DEDHAM FOOD PANTRY; THE HARVESTING SEEDS OF HOPE PROGRAM WHICH PARTNERS WITH THE PINE STREET INN.
GRANTS AND ASSISTANCE TO DOMESTIC AND FOREIGN ORGANIZATIONS FOR COMMUNITY SERVICE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Atwood President & | OfficerTrustee | 2 | $0 |
Kathryn Cook Treasurer, D | OfficerTrustee | 2 | $0 |
Lynsey Cozens Clerk | Officer | 2 | $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 | $13,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,264 |
| Total Program Service Revenue | $188,713 |
| Investment income | $239,240 |
| 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 | $453,327 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,500 |
| 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 | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,266 |
| Advertising and promotion | $10,484 |
| Office expenses | $813 |
| Information technology | $452 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,144 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $910 |
| All other expenses | $6,490 |
| Total functional expenses | $207,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,748 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $87,858 |
| 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 | $1,617 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $462,705 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $804,928 |
| Accounts payable and accrued expenses | $35,487 |
| 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 | $35,487 |
| Net assets without donor restrictions | $769,441 |
| 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 | $804,928 |
Grants Awarded
Over the last fiscal year, Ripples Of Hope Inc has awarded $42,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
DEDHAM YOUTH COMMISSION | | | $17,500 |
DEDHAM FOOD PANTRY | | | $15,000 |
PINE STREET INN | | | $10,000 |