Renascence Inc
- Assets
- $415.5k
- Revenue
- $381.9k
- Investments
- $0.0
- Employees
- 29
- Location
- Montgomery, AL
- Founding
- 02/2002
- Data as of
- 12/2021
- EIN
- 63-1286067
Organization Overview
Renascence Inc is located in Montgomery, AL. The organization was established in 2002. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Renascence Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renascence 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, Renascence Inc generated $381.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $351.8k during the year ending 12/2021. While expenses have increased by 4.3% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE MEN RECENTLY RELEASED ON PAROLE BY ASSISTING THEM TO SUCCESSFULLY REINTEGRATE INTO THE COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING, JOB READINESS/TRAINING/PLACEMENT, FAMILY RELATIONSHIP AND FATHERHOOD PROGRAMS, VOCATIONAL REHABILITATION, ADULT BASIC EDUCATION, VICTIMS COMPENSATION, LIFE SKILLS, MENTORING SUPPORT, AND CONTINUING AFTERCARE FOLLOW-UP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Hunt Executive Director | Officer | 40 | $44,940 |
Ja'taune Bosby Vicepresident | OfficerTrustee | $0 | |
Joe Crowley President | OfficerTrustee | $0 | |
Lloyd Strickland Treasurer | OfficerTrustee | $0 | |
Vincent Hall Secretary | OfficerTrustee | $0 | |
Kiesha Favor Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,478 |
| Related organizations | $0 |
| Government grants | $68,094 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,888 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,460 |
| Total Program Service Revenue | $44,902 |
| Investment income | $25 |
| 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 | $56,512 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,899 |
| 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. | $33,616 |
| Compensation of current officers, directors, key employees. | $33,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,028 |
| Payroll taxes | $16,598 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,733 |
| Information technology | $0 |
| 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 | $134 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,214 |
| Insurance | $16,839 |
| All other expenses | $16,220 |
| Total functional expenses | $351,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,378 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,624 |
| 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 | $352,483 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $415,485 |
| Accounts payable and accrued expenses | $5,979 |
| 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 | $5,000 |
| Secured mortgages and notes payable | $12,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,155 |
| Net assets without donor restrictions | $392,330 |
| 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 | $415,485 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Renascence Inc has recieved totaling $15,521.
| Awarding Organization | Amount |
|---|---|
Daniel Foundation Of Alabama Birmingham, AL PURPOSE: CHARITABLE | $12,500 |
Protective Life Foundations Birmingham, AL PURPOSE: 2021 MVP AWARD | $1,000 |
We3 Fund Montgomery, AL PURPOSE: GENERAL FUND | $1,000 |
Gordy-Mead-Britton Foundation Montgomery, AL PURPOSE: TO SUPPORT CHARITABLE ORGANIZATION F | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverside Christian Ministries Inc Miami, FL | $3,624,970 | $2,890,007 |
Time For Freedom Inc Ocala, FL | $1,587,272 | $2,427,085 |
Tennessee Prison Outreach Ministry Nashville, TN | $3,945,196 | $1,329,930 |
Urban Rehab Inc Jackson, MS | $373,591 | $625,492 |
Shepherds Lighthouse Inc Belleview, FL | $1,093,555 | $395,067 |
Renascence Inc Montgomery, AL | $415,485 | $381,899 |
Stepping Stones Safe Haven Inc Murfreesboro, TN | $142,011 | $299,111 |
Smoky Mountain Dream Center Greeneville, TN | $469,907 | $235,445 |
Karing Heartz Community Development Corporation Jonesboro, GA | $6,070 | $141,897 |
Hillsboro House Of Hope Inc Tampa, FL | $463,737 | $0 |
Hananiah House Mount Juliet, TN | $12,474 | $0 |
Comer House Of Nashville Nashville, TN | $0 | $0 |