Raisinghope Inc
- Assets
- $84.7k
- Revenue
- $440.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Thousand Oaks, CA
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-1788053
Organization Overview
Raisinghope Inc is located in Thousand Oaks, CA. The organization was established in 2015. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Raisinghope Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raisinghope 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, Raisinghope Inc generated $440.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $439.2k during the year ending 12/2023. While expenses have increased by 22.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISINGHOPE EMPOWERS YOUTH AND YOUNG ADULTS WHO ARE EXPERIENCING FOSTER CARE THROUGH MENTORING AND COACHING, LIFE SKILLS, HOUSING NAVIGATION, FINANCIAL SUPPORT AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING NAVIGATION - WE WORK WITH YOUTH THAT ARE AGING OUT OF THE FOSTER SYSTEM TO MAKE SURE THEY ARE PREPARED TO FIND AND SECURE THEIR OWN LIVING SITUATION. AHEAD OF THEIR MOVE, WE DISCUSS BUDGETING, CREDIT, EMPLOYMENT, HOW TO INTERACT WITH A LANDLORD, AND ROOMMATE SKILLS. WE WILL ALSO HELP TO LOCATE POSSIBLE RESIDENCES. RAISINGHOPE ASSISTS WITH THEIR FIRST MONTH'S RENT AND SECURITY DEPOSIT. WE SECURED HOUSING FOR 91 YOUTH AND 25 OF THEIR MINOR CHILDREN.
FINANCIAL SUPPORT - REQUESTS FOR IMMEDIATE OR EMERGENCY NEEDS OR THOSE NOT COVERED BY OTHER PROGRAMS ARE FULLFILLED THROUGH FINANCIAL SUPPORT. THE REQUESTS INCLUDE ASSISTANCE WITH RENT, UTILITES, FOOD, CLOTHING, CAR REPAIRS OR INSURANCE, SPECIAL TRAINING OR SCHOOL SUPPLIES.
TRANSPORTATION - WE TAKE REQUESTS FOR CAR PURCHASES, REPAIRS, ASSISTANCE WITH ACCIDENTS OR EMERGENCIES, AND INSURANCE. IN PREPARATION FOR A PURCHASE, WE DETERMINE HOW MUCH MONEY THE YOUTH HAS SAVED AND IF THEY HAVE THE INCOME TO SUPPORT GAS, INSURANCE AND MINOR REPAIRS FOR THE CAR PURCHASED. WE ASSIST THEM WITH LOCATING AND PURCHASING THE CAR, ADDING TO THE FUNDS THAT THEY HAVE SAVED SO THAT THEY CAN PURCHASE RELIABLE, BASIC TRANSPORTATION TO SCHOOL AND WORK. WE ASSIST WITH DMV PAPERWORK AND INSURANCE AND PROVIDE ASSISTANCE WITH REPAIRS AND MAINTENANCE. FORTY-SIX YOUTH WERE ASSISTED WITH TRANSPORTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamalani M Barnett Executive Dir. | OfficerTrustee | 40 | $82,750 |
Dawn Groom Emeritus Member | Officer | 20 | $17,952 |
David Collins Treasurer | OfficerTrustee | 0 | $0 |
Mark Ginzinger Director | Trustee | 0 | $0 |
Rebecca Cramer Secretary | OfficerTrustee | 0 | $0 |
Lyndsey Gallagher Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,900 |
| Related organizations | $0 |
| Government grants | $152,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,572 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $450,703 |
| 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 | -$10,105 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $199,309 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,702 |
| Compensation of current officers, directors, key employees. | $8,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,918 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,085 |
| 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 | $1,478 |
| Advertising and promotion | $3,000 |
| Office expenses | $11,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,599 |
| 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 | $580 |
| Insurance | $6,860 |
| All other expenses | $729 |
| Total functional expenses | $439,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,783 |
| Savings and temporary cash investments | $14 |
| 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 | $870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,667 |
| 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 | $79,905 |
| Net assets with donor restrictions | $4,762 |
| 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 | $84,667 |