Renovare Inc
- Assets
- $854.9k
- Revenue
- $1.4m
- Investments
- $70.6k
- Employees
- 9
- Location
- Denver, CO
- Founding
- 07/1989
- Data as of
- 06/2022
- EIN
- 48-1062723
Organization Overview
Renovare Inc is located in Denver, CO. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Renovare Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renovare 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 06/2022, Renovare Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 14.4% 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 RENEW THE CHRISTIAN CHURCH THROUGH THE PERSONAL AND CORPORATE SPIRITUAL FORMATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH A PROGRAM LASTING TWO YEARS, THE RENOVARE INSTITUTE FOR CHRISTIAN SPIRITUAL FORMATION (RENOVARE INSTITUTE) PROVIDES AN IN DEPTH INTERACTION WITH CORE ORGANIZATIONAL IDEAS. IN FY 2020-21, THE CHICAGO COHORT WAS UNABLE TO FINISH THEIR FINAL RETREAT DUE TO COVID TRAVEL RESTRICTIONS. THE COHORT COMPLETED THE PROGRAM WITH THEIR RETREAT IN AUGUST 2021. THE CHARLOTTE COHORT BEGAN THE TWO-YEAR FORMAL EDUCATION PROGRAM WITH 42 STUDENTS, BUT ITS PROGRAM WAS ALSO DELAYED MIDSTREAM DUE TO COVID. THE COHORT COMPLETED YEAR 1 IN JULY 2021. THEY ALSO COMPLETED YEAR 2 THIS FISCAL YEAR, WITH RETREATS IN NOVEMBER 2021 AND JUNE 2022. THE PHOENIX COHORT BEGAN AND HAS 46 STUDENTS. THEY HAVE COMPLETED YEAR 1 WITH RETREATS IN SEPTEMBER 2021 AND MARCH 2022.
CONFERENCES AND RETREATS ARE PLANNED AND FACILITATED TO ENCOURAGE PEOPLE TO PRACTICE A MEANINGFUL SPIRITUAL LIFE. IN FY 2021-22, DUE TO COVID RESTRICTIONS LIFTED, CONFERENCES AND RETREATS WERE ABLE TO RESUME. IN APRIL 2022, RENOVARE HAD THEIR INAUGURAL PASTORS RETREAT, FIRST LOVE. 47 PASTORS FROM ACROSS THE UNITED STATES WERE IN ATTENDANCE. THE FELLOWSHIP OF THE BURNING HEART RESUMED RETREATS. IN MAY PARTICIPANTS GATHERED IN MALIBU CA TO CONTINUE LISTENING GROUPS. IN ADDITION TO THIS RETREAT, FACILITATORS ALSO MET TO BE TRAINED IN LEADING GROUPS.
SPIRITUAL FORMATION EDUCATION IS A CORE OF RENOVARE'S MINISTRY AND HAS BEEN AN EMPHASIS FOR FY 2021-22. THIS GENERAL EDUCATION OCCURS THROUGH VARIOUS PLATFORMS: SUCH AS PODCASTS VIA THE WEBSITE (RENOVARE.ORG), THE ONLINE RENOVARE BOOK CLUB WITH ALMOST 1,800 PARTICIPANTS, NEW ONLINE COURSES, AND VARIOUS SPEAKING ENGAGEMENTS. RENOVARE HAS CONTINUED WEBINARS THAT WERE CREATED IN RESPONSE TO LIMITED IN PERSON GATHERINGS. WEBINARS ARE EVERY TWO MONTHS, WITH AN AVERAGE WEBINAR HAVING 1,000 REGISTRATIONS. RENOVARE HAS ALSO PARTNERED WITH FOOD FOR THE HUNGRY (FH) TO PROVIDE ONLINE SPIRITUAL FORMATION EDUCATION FOR USE BY FH LEADERS AND WORKERS IN VARIOUS AREAS OF THE WORLD.
IN ORDER TO ENCOURAGE PEOPLE TO DEVELOP A DEEPER, MORE MEANINGFUL CHRISTIAN LIFE, PRINTED LITERATURE SUCH AS SEASONAL DEVOTIONALS CONTINUE TO BE OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miriam Dixon Trustee | Trustee | 3 | $0 |
Margaret Campbell Trustee | Trustee | 3 | $0 |
Richella Parham Vice Chairperson | Trustee | 3 | $0 |
Jon Bailey Trustee | Trustee | 3 | $0 |
Linda Christians Trustee | Trustee | 3 | $0 |
James Catford Chairman | Trustee | 3 | $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 | $797,108 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $797,108 |
| Total Program Service Revenue | $630,893 |
| Investment income | $4,166 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,421 |
| 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 | $1,681 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,444,269 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $662,406 |
| Pension plan accruals and contributions | $94,178 |
| Other employee benefits | $13,030 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5 |
| Fees for services: Accounting | $14,616 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,941 |
| Advertising and promotion | $10,694 |
| Office expenses | $10,833 |
| Information technology | $11,081 |
| Royalties | $0 |
| Occupancy | $11,254 |
| Travel | $395,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,416 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,747 |
| Insurance | $7,685 |
| All other expenses | $0 |
| Total functional expenses | $1,492,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $648,831 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,621 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,712 |
| Prepaid expenses and deferred charges | $40,160 |
| Net Land, buildings, and equipment | $14,260 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $70,562 |
| Investments—program-related | $0 |
| Intangible assets | $2,132 |
| Other assets | $8,580 |
| Total assets | $854,858 |
| Accounts payable and accrued expenses | $33,077 |
| Grants payable | $0 |
| Deferred revenue | $227,839 |
| 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 | $260,916 |
| Net assets without donor restrictions | $582,817 |
| Net assets with donor restrictions | $11,125 |
| 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 | $854,858 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Renovare Inc has recieved totaling $235,571.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $122,300 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $98,450 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $10,000 |
Pelton Charitable Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $3,000 |
John And Margaret Snyder Foundation Dana Point, CA PURPOSE: SOCIAL SERVICES | $1,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Ministries Clinic Inc Newton, KS | $19,446,224 | $22,871,961 |
Foundation For A Christian Civilization Inc Rossville, KS | $19,284,785 | $19,952,584 |
Neighborhood Ministries Inc Phoenix, AZ | $8,839,353 | $14,695,989 |
Community Bible Study Colorado Springs, CO | $19,076,306 | $12,975,441 |
Cadence International Englewood, CO | $9,762,190 | $12,602,895 |
Youth For Christ International Ministries Englewood, CO | $7,359,781 | $13,249,220 |
Restore Hope Ministries Inc Tulsa, OK | $8,417,745 | $10,753,534 |
Les Feldick Ministries Kinta, OK | $8,711,680 | $12,215,004 |
Summit Ministries Inc Manitou Springs, CO | $15,859,073 | $12,358,452 |
Glorieta 2-0 Inc Glorieta, NM | $10,000,063 | $8,243,412 |
India Transformed Denver, CO | $8,662,864 | $16,064,070 |
Messenger International Inc Palmer Lake, CO | $6,208,879 | $7,054,114 |