Restore Hope Ministries Inc

Organization Overview

Restore Hope Ministries Inc is located in Tulsa, OK. The organization was established in 1971. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2021, Restore Hope Ministries Inc employed 14 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Restore Hope Ministries 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 06/2021, Restore Hope Ministries Inc generated $10.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $10.2m during the year ending 06/2021. While expenses have increased by 56.9% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RESTORE HOPE MINISTRIES WAS ESTABLISHED AS A RESPONSE TO THE GROWING NEED FOR EMERGENCY ASSISTANCE TO FAMILIES FACING A FINANCIAL CRISIS. OUR MISSION IS TO RESTORE FAMILIES IN FINANCIAL CRISIS TO ECONOMIC AND SPIRITUAL VITALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HUNGER REDUCTION: ONE IN FOUR CHILDREN IN TULSA COUNTY DO NOT KNOW WHEN THEY WILL EAT AGAIN. THIS IS SOMETHING RESTORE HOPE IS COMMITTED TO CHANGE. LAST YEAR, RESTORE HOPE MINISTRIES DISTRIBUTED 118,394 POUNDS OF NUTRITIOUS GROCERIES TO HELP 709 FAMILIES FIGHT HUNGER BY PUTTING FOOD ON THE TABLE FOR THEMSELVES AND THEIR FAMILIES. IN RESPONSE TO THE COVID-19 PANDEMIC, WE SHIFTED OUR FOOD PROGRAM TO PROVIDE A CONTACTLESS PROCESS. WE FOUND THAT 70% OF OUR CLIENTS DURING THAT TIME WERE NEW TO OUR PROGRAM AT THAT LOCATION.


HOMELESS PREVENTION: RESTORE HOPE MINISTRIES' HOMELESS PREVENTION INITIATIVE PROVIDED RENT AND UTILITY ASSISTANCE FOR INDIVIDUALS AND FAMILIES AT RISK OF BECOMING HOMELESS. THE AGENCY OFFERS EMERGENCY RENT AND UTILITY ASSISTANCE FOR ELIGIBLE FAMILIES ACCORDING TO GRANT GUIDELINES. AS A RESULT OF THE ECONOMIC IMPACT OF COVID-19, MANY MORE PEOPLE WERE FACING EVICTION AS A RESULT OF INCOME LOSS AND SOME HAD SIGNIFICANT AMOUNTS OF RENT DUE. AS A RESULT, OUR COMMUNITY ASKED RESTORE HOPE TO GREATLY EXPAND OUR PROGRAM AGAIN. AS A RESULT, RESTORE HOPE WAS ABLE TO PREVENT HOMELESSNESS FOR OVER 3,850 FAMILIES IN THIS FISCAL YEAR.


HOPE PROMOTION: WHEN A CRISIS STRIKES, MORE THAN JUST ONE'S PHYSICAL WELL-BEING IS IMPACTED. THE CRISIS ITSELF CAN BE EMOTIONALLY DAMAGING BUT THE FACT THAT ONE MUST SEEK AID ALSO AFFECTS ONE'S SENSE OF WORTH. BECAUSE OF THE COVID-19 PANDEMIC, WE HAD TO SHUT DOWN OUR IN-PERSON SERVICES FOR SAFETY BUT WE SHIFTED OUR PROGRAM TO PROVIDE ONLINE DEVOTIONS. WHILE EXACT NUMBERS ARE DIFFICULT TO TRACK AS A RESULT, OUR CHAPEL MINISTRY POSTS ON SOCIAL MEDIA REACHED OVER 27,000 PEOPLE ON FACEBOOK AND INSTAGRAM (@RHMTULSA).


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Board, Officers & Key Employees

Name (title)Compensation
Rev Jeffry Jaynes
Executive Director
$97,216
Mary Hale
President
$0
Rev Andy Henson
Past President
$0
Santiago Ruiz
Treasurer
$0
Sonja Wilson
Secretary
$0
Mark Dalton
At Large Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$84,391
Government grants $7,590,822
All other contributions, gifts, grants, and similar amounts not included above$3,005,771
Noncash contributions included in lines 1a–1f $198,894
Total Revenue from Contributions, Gifts, Grants & Similar$10,680,984
Total Program Service Revenue$0
Investment income $24,964
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $32,483
Net Income from Fundraising Events $15,103
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,753,534

Grants Recieved

Over the last fiscal year, we have identified 15 grants that Restore Hope Ministries Inc has recieved totaling $570,067.

Awarding OrganizationAmount
Tulsa Community Foundation

Tulsa, OK

PURPOSE: GENERAL OPERATIONS

$155,121
Common Bond Foundation

Jenks, OK

PURPOSE: GENERAL FUNDING

$150,000
George Kaiser Family Foundation

Tulsa, OK

PURPOSE: COVID-19, General Operations

$115,000
Anne And Henry Zarrow Foundation

Tulsa, OK

PURPOSE: HOMELESS PREVENTION INITIATIVE

$50,000
George Kaiser Family Foundation

Tulsa, OK

PURPOSE: BEST - 2021 Data Capacity Grant

$35,000
Charles And Marion Weber Foundation

Tulsa, OK

PURPOSE: DONATION

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$689,320
Earnings$185,018
Ending Balance$874,338

Peer Organizations

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