Restore Life Incorporated
- Assets
- $60.6k
- Revenue
- $808.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Atlanta, GA
- Founding
- 11/2011
- Data as of
- 06/2022
- EIN
- 26-4394379
Organization Overview
Restore Life Incorporated is located in Atlanta, GA. The organization was established in 2011. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2022, Restore Life Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restore Life Incorporated 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 06/2022, Restore Life Incorporated generated $808.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 64.9% each year . All expenses for the organization totaled $804.5k during the year ending 06/2022. While expenses have increased by 70.4% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DISCOVER AND DEVELOP EFFECTIVE RESOURCESLOCAL LEADERS AS EMPOWERED DISPERSANTS OF COMMUNITY DEVELOPMENT. OUR SIX CORE VALUES DRIVE US IN OUR DECISION MARKING AS WE ACCOMPLISH OUR MISSION: RELATIONSHIPS, RECONCILIATION, REDEMPTION, RESTORATION, RESILIENCE AND RENAISSANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL RENEWAL PROGRAM: FOCUSES ON THE ARTS, TECHNOLOGY, ENTREPRENEURSHIP AND CCOMMUNITY BEAUTIFICATION. REVENUES FROM SERVICES PROVIDED ARE UTILIZED FOR THE MENTORSHIP AND APPRENTICESHOP PROGRAM FOR COMMUNITY YOUTH. RESTORATION STUDIO RECORDED AND PRODUCED OVER 78 DIFFERENT ART PROJECTS (MUSIC, DANCE, VIDEO), HOSTED 23 COMMUNITY CONCERTS AND PROVIDED 37 JOBS FOR LOCAL YOUTH IN THE COMMUNITY. STUDIO GRIND MENTORSHIP PROGRAM TRAINED 124 KIDS IN THE COMMUNITY IN AUDIO ENGINEERING, PRODUCTION, VIDEO EDITING, WEB DESIGN AND MUSIC INDUSTRY STANDARDS. SOUND AND PRODUCTION SERVES SERVED 31 CLIENTS. WEB DESIGN TEAM DEVELOPED 4 WEBPAGES FOR CLIENTS.
OTHER PROGRAM EXPENSES
RESTORATION AGENT PROGRAMS: EMPOWERS LOCAL GRASSROOTS LEADERS TO LAUNCH THEIR VISIONS OF RESTORATION WITHIN THE COMMUNITY. 100 CLIENTS SERVED THROUGH COUNSELING PROGRAM. OVER 12,000 PEOPLE FED THROUGH FOOD DISTRIBUTION PROGRAM. LAWN CARE MENTORSHIP BUSINESS PROVIDED SUMMER JOBS AND TRAINING FOR 7 YOUTH. LEADERSHIP DEVELOPMENT AND TRAINING WITH 23 LEADERS IN THE COMMUNITY.
YOUTH DEVELOPMENT: FOCUSES ON SERVING THE PHYSICAL, EMOTIONAL, MENTAL AND SPIRITUAL WELLBEING OF YOUTH AGES 8-18 AND THEIR FAMILIES: (A) 117 YOUTH SERVED THROUGH SUMMER CAMP PROGRAM; (B) THRIVE ACADEMY PARTNERSHIP SERVES 20 MIDDLE SCHOOLERS RECEIVING SPECIALIZED EDUCATION THROUGH PROVIDING TRANSPORTATION, FOOD AND MENTORSHIP; (C)SERVED 40 YOUTH DISPLACED AND LIVING IN EXTENDED STAY HOTELS WITH THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Iverson IV Co-Executive Director | Trustee | 40 | $75,667 |
Larry Corker Member | OfficerTrustee | 1 | $0 |
Patricia T Bradford CPA Treasurer | OfficerTrustee | 1 | $0 |
Arletta T Brinson Member | Trustee | 1 | $0 |
Cynthia Ellison Secretary | OfficerTrustee | 40 | $38,593 |
Jacques Hall Jr Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $108,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $700,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,303 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $808,308 |
| 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. | $73,000 |
| Compensation of current officers, directors, key employees. | $36,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,788 |
| Payroll taxes | $10,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,279 |
| Advertising and promotion | $3,820 |
| Office expenses | $1,502 |
| Information technology | $11,984 |
| Royalties | $0 |
| Occupancy | $51,122 |
| Travel | $33,786 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,668 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,178 |
| All other expenses | $0 |
| Total functional expenses | $804,478 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,622 |
| 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 | $60,622 |
| Accounts payable and accrued expenses | $6,795 |
| 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 | $6,795 |
| Net assets without donor restrictions | $53,827 |
| 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 | $60,622 |