Raising Hope Inc
- Assets
- $746.0k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 46
- Location
- Providence, RI
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 37-1460341
Organization Overview
Raising Hope Inc is located in Providence, RI. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Raising Hope Inc employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raising 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 12/2022, Raising Hope Inc generated $1.3m in total revenue. All expenses for the organization totaled $969.0k during the year ending 12/2022. While expenses have increased by 100.9% per year over the past 7 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 PROVIDE HOMECARE AND FAMILY SERVICES TO THE ELDRLY PERSONS AND INDIVIDUALS WITH DISABILITY AND TO PROVIDE YOUTH DEVELOPMENT ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOME HEALTH CARE AND FAMILY CARE SERVICES TO 26 ELDERLY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rochelle Lee Chairman | OfficerTrustee | 0 | $0 |
M Ighile-Ojo Clerk | OfficerTrustee | 0 | $0 |
A Olagunju Treasurer | OfficerTrustee | 0 | $0 |
Gordie Daniels Director | OfficerTrustee | 0 | $0 |
F Mythil Director | OfficerTrustee | 0 | $0 |
F Domond Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,755 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,755 |
| Total Program Service Revenue | $1,298,506 |
| 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 | $1,311,261 |
| 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. | $85,352 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $655,939 |
| Pension plan accruals and contributions | $15,447 |
| Other employee benefits | $12,950 |
| Payroll taxes | $81,936 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,500 |
| Fees for services: Accounting | $10,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,093 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,953 |
| Royalties | $0 |
| Occupancy | $34,495 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,394 |
| Insurance | $1,836 |
| All other expenses | $19,708 |
| Total functional expenses | $968,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,220 |
| 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 | $297,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $746,044 |
| Accounts payable and accrued expenses | $4,425 |
| 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 | $729 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $55,000 |
| Other liabilities | $0 |
| Total liabilities | $60,154 |
| Net assets without donor restrictions | $685,890 |
| 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 | $746,044 |