Restore Hope Inc
- Assets
- $316.3k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 41
- Location
- Little Rock, AR
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-1068852
Organization Overview
Restore Hope Inc is located in Little Rock, AR. The organization was established in 2016. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Restore Hope Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restore Hope 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, Restore Hope Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.8% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 34.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE COMMUNITY-BASED SOLUTIONS THAT REDUCE THE EFFECTS OF INCARCERATION OF ADULTS AND THE IMPACT OF FOSTER CARE ON CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE COMMUNITY-BASED SOLUTIONS THAT REDUCE THE EFFECTS OF INCARCERATION OF ADULTS AND THE IMPACT OF FOSTER CARE ON CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Chapman Executive Di | Trustee | 40 | $150,000 |
William Dillard III Chair Person | OfficerTrustee | 2 | $0 |
Ted Dickey Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,425,499 |
| All other contributions, gifts, grants, and similar amounts not included above | $133,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,558,715 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| 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 | $1,564,715 |
| 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 | $793,632 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,780 |
| Payroll taxes | $62,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $19,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,043 |
| Travel | $11,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,376 |
| Insurance | $6,342 |
| All other expenses | $43,778 |
| Total functional expenses | $1,334,224 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $194,072 |
| 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 | $7,368 |
| Net Land, buildings, and equipment | $9,340 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $316,312 |
| Accounts payable and accrued expenses | $24,828 |
| 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 | $24,828 |
| Net assets without donor restrictions | $291,484 |
| 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 | $316,312 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Restore Hope Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Arkansas Community Foundation Inc Little Rock, AR PURPOSE: TO ASSIST WITH PROGRAM NEEDS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Coastal Child Nutrition Services Lufkin, TX | $670,053 | $6,900,761 |
Samaritan House Community Center Rogers, AR | $3,368,725 | $7,534,821 |
Our Calling Inc Dallas, TX | $11,934,402 | $7,659,292 |
Oklahoma Child Care Resource And Referral Association Oklahoma City, OK | $0 | $4,378,557 |
Narrow Gate Foundation Duck River, TN | $1,833,553 | $2,973,441 |
Project Rescue Foundation Springfield, MO | $4,016,610 | $3,399,257 |
Peoples Community Action Corporation Saint Louis, MO | $434,410 | $2,462,930 |
Bear Be A Resource For Cps Kids Houston, TX | $2,500,894 | $2,456,838 |
Restore Hope Inc Little Rock, AR | $316,312 | $1,564,715 |
My Connect Community Houston, TX | $2,195,624 | $839,919 |
Central Connections Inc Jefferson City, MO | $1,210,367 | $1,096,605 |
Helping Other People Effectively Inc Stephenville, TX | $334,928 | $960,022 |