Restoring Hope Center Inc
- Assets
- $483.7k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Laurinburg, NC
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 55-4627519
Organization Overview
Restoring Hope Center Inc is located in Laurinburg, NC. The organization was established in 2010. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Restoring Hope Center Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restoring Hope Center 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 12/2021, Restoring Hope Center Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 5.0% 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.
Since 2020, Restoring Hope Center Inc has awarded 66 individual grants totaling $3,466,852. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESTORING HOPE CENTER INC. PROVIDES FOOD DISTRIBUTION TO LIKE-MINDED NON-PROFIT ORGANIZATIONS AND DIRECTLY TO NEEDY FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER FEEDING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faye J Coates Director | OfficerTrustee | 40 | $47,967 |
Timothy Hodge President | OfficerTrustee | 5 | $0 |
Christine Oxendine Treasurer | OfficerTrustee | 5 | $0 |
Rita Anderson Secretary | OfficerTrustee | 10 | $0 |
Joyce Blease Board Member | Trustee | 1 | $0 |
Charles Whitehead Board Member | Trustee | 1 | $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 | $2,750,429 |
| Noncash contributions included in lines 1a–1f | $2,502,723 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,750,429 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,750,429 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,246,800 |
| Grants and other assistance to domestic individuals. | $212,581 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $47,967 |
| Compensation of current officers, directors, key employees. | $47,967 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,024 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,972 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,487 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $719 |
| Office expenses | $1,491 |
| Information technology | $3,836 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $28,202 |
| Insurance | $0 |
| All other expenses | $113,156 |
| Total functional expenses | $2,707,568 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,294 |
| 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 | $100,398 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $274,990 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $483,683 |
| Accounts payable and accrued expenses | $9,249 |
| 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 | $9,249 |
| Net assets without donor restrictions | $474,434 |
| 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 | $483,683 |
Grants Awarded
Over the last fiscal year, Restoring Hope Center Inc has awarded $2,028,607 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: Feeding Needy Families | $360,947 |
COMPASSION MINISTRIES PURPOSE: Feeding Needy Families | $260,986 |
Sanford, NC PURPOSE: Feeding Needy Families | $128,827 |
North Charleston, SC PURPOSE: Feeding Needy Families | $120,976 |
Laurinburg, NC PURPOSE: Feeding Needy Families | $65,031 |
Hamlet, NC PURPOSE: Feeding Needy Families | $62,298 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Restoring Hope Center Inc has recieved totaling $818,740.
| Awarding Organization | Amount |
|---|---|
Feed The Children Inc Oklahoma City, OK PURPOSE: NECESSITIES FOR NEEDY CHILDREN & FAMILIES | $495,435 |
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $299,094 |
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $24,005 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Family & Career Services Inc Atlanta, GA | $12,287,389 | $17,564,180 |
Clayton County Community Services Authority Inc Forest Park, GA | $3,675,143 | $13,405,367 |
Family Resource Agency Inc Cleveland, TN | $1,737,951 | $12,329,517 |
Agape Child And Family Services Inc Memphis, TN | $4,822,758 | $10,716,983 |
Family Service Of The Piedmont Inc Jamestown, NC | $2,937,225 | $9,785,018 |
Murphy-Harpst Childrens Centers Inc Cedartown, GA | $8,054,234 | $10,353,326 |
Family And Childrens Service Nashville, TN | $12,864,767 | $8,385,396 |
Safe Alliance Inc Charlotte, NC | $10,001,861 | $8,368,823 |
Families First Inc Atlanta, GA | $16,902,074 | $9,104,630 |
Herndon-Reston Fish Inc Herndon, VA | $999,308 | $5,421,619 |
Exchange Club-Carl Perkins Center For The Prevention Of Child Abuse Jackson, TN | $7,537,122 | $5,962,731 |
Triangle Family Services Inc Raleigh, NC | $3,245,025 | $6,109,748 |