Renascence Inc
- Assets
- $438.1k
- Revenue
- $301.3k
- Investments
- $0.0
- Employees
- 23
- Location
- Montgomery, AL
- Founding
- 02/2002
- Data as of
- 12/2022
- 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 12/2022, Renascence Inc employed 23 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 12/2022, Renascence Inc generated $301.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $307.7k during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 6 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 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 |
|---|---|---|---|
Joe Crowley Board Member | Trustee | $0 | |
Ja'taune Bosby Vicepresident | OfficerTrustee | $0 | |
Lloyd Strickland Treasurer | OfficerTrustee | $0 | |
Carlton Avery Board Member | Trustee | $0 | |
James Bozeman Board Member | Trustee | $0 | |
Vincent Hall President | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,999 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $160,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $213,970 |
| Total Program Service Revenue | $63,296 |
| Investment income | $30 |
| 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 | $24,015 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,311 |
| 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. | $38,049 |
| Compensation of current officers, directors, key employees. | $38,049 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,249 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,218 |
| Payroll taxes | $16,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,108 |
| 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 | $9,618 |
| Information technology | $1,437 |
| Royalties | $0 |
| Occupancy | $18,060 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $18,822 |
| All other expenses | $12,080 |
| Total functional expenses | $307,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,958 |
| 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 | $438,114 |
| Accounts payable and accrued expenses | $7,930 |
| 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 | $39,204 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52,134 |
| Net assets without donor restrictions | $385,980 |
| 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 | $438,114 |