Msl Renewed Hope Foundation Inc
- Assets
- $6.8m
- Revenue
- $1.6m
- Investments
- $5.0m
- Employees
- 0
- Location
- Teton Village, WY
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 46-1455799
Organization Overview
Msl Renewed Hope Foundation Inc is located in Teton Village, WY. The organization was established in 2013. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Msl Renewed Hope Foundation 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, Msl Renewed Hope Foundation Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.8% each year . All expenses for the organization totaled $724.1k during the year ending 12/2022. While expenses have increased by 11.7% per year over the past 8 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, Msl Renewed Hope Foundation Inc has awarded 40 individual grants totaling $2,492,400. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO ENHANCE AND IMPROVE THE QUALITY OF LIFE FOR PHYSICALLY DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Loeffler Pres/treasurer/director | 0.5 | $0 | |
Sidsel Loeffler Vp/secretary/director | 0.5 | $0 | |
Edward C Wetmore Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $486,420 |
| Interest on Savings | $3,689 |
| Dividends & Interest | $25,143 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,053,130 |
| Capital Gain Net Income | $1,053,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,568,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,708 |
| Contributions, gifts, grants paid | $696,400 |
| Total expenses and disbursements | $724,108 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,806,831 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,827,286 |
| Accounts payable and accrued expenses | $844 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $844 |
Grants Awarded
Over the last fiscal year, Msl Renewed Hope Foundation Inc has awarded $696,400 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GAYLORD HOSPITAL PURPOSE: PRESIDENT'S CIRCLE | $50,400 |
GUIDING EYES FOR THE BLIND PURPOSE: TRAINING OF GUIDE DOGS | $30,000 |
MASSACHUSETTS EYE AND EAR PURPOSE: DRY AMD RESEARCH - DR DEMETRIOS VAVVAS | $350,000 |
JORDAN THOMAS FOUNDATION INC PURPOSE: PROSTHETICS FOR CHILDREN | $20,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: ANDREW L. WARSHAW INSTITUTE FOR PANCREATIC CANCER RESEARCH FUND | $180,000 |
SHIRLEY RYAN ABILITY LAB PURPOSE: CENTER FOR BIONIC MEDICINE - THOUGHT ACTIVATED PROSTHETICS | $66,000 |