Restore Hope Foundation
- Assets
- $89.1k
- Revenue
- $82.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-3417263
Organization Overview
Restore Hope Foundation is located in Orlando, FL. The organization was established in 2020. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Restore Hope Foundation 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, Restore Hope Foundation generated $82.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (32.9%) each year. All expenses for the organization totaled $234.1k during the year ending 12/2022. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE COMMUNITY DEVELOPMENT AND BUSINESS RESTORATION SERVICES TO ELBOW CAY AND SURROUNDING AREAS IN THE BAHAMAS WHICH WERE DEVASTATED BY HURRICANE DORIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REMOVING DEBRIS AND CLEARANCE OF BLIGHT, DEBRIS AND RUBBISH ACROSS THE ISLAND OF ELBOW CAY, COMPLETING THE REBUILD AND FIT OUT OF THE LIBRARY AND PROVISION OF CIVIC OFFICES (POLICE, POST OFFICE AND TOWN COUNCIL), CONTINUED REDEVELOPMENT OF THE MUSEUM, SUPPORT FOR THE COMMUNITY POOL RESTORATION, REBUILDING THE BURIAL SOCIETY BUILDING AND VARIOUS OTHER ACTIVITIES INCLUDING, BUT NOT LIMITED TO, SUPPORT FOR RECOVERING BUSINESSES, LANDSCAPING AND PLANTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rutledge Bradford Secretary | OfficerTrustee | 5 | $0 |
Richard L Franyo Director | Trustee | 5 | $0 |
Patti Love Director | Trustee | 2 | $0 |
Juliza Gonzalez Treasurer | Officer | 2 | $0 |
Michael Hatchard President | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abaco Inn Accommodations/food/bev | 12/30/20 | $144,265 |
The Thompson Group Restoration Services | 12/30/20 | $447,623 |
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 | $82,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,650 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| 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 | $82,656 |
| 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 | $53,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,650 |
| 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 | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,902 |
| All other expenses | $0 |
| Total functional expenses | $234,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,060 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $89,060 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $89,060 |
| 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 | $89,060 |