Ripples Of Hope Inc
- Assets
- $608.1k
- Revenue
- $150.9k
- Investments
- $408.5k
- Employees
- 0
- Location
- Dedham, MA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-2624459
Organization Overview
Ripples Of Hope Inc is located in Dedham, MA. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ripples Of 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, Ripples Of Hope Inc generated $150.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $68.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ripples Of Hope Inc has awarded 23 individual grants totaling $434,054. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CREATION OF ENDURING PARTNERSHIPS BETWEEN DIVERSE FAMILIES,COMMUNITIES AND LEADERS WHO TOGETHER WORK ON LOCALLY-DRIVEN, SELF-SUSTAINING SOLUTIONS TO PRESSING CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS RAISED FROM THE ANNUAL FAMILY GRATITUDE 5K TURKEY TROT WERE PROVIDED TO SUPPORT THE DEDHAM YOUTH COMMISSION. THE YOUTH COMMISSION IS DEDICATED TO PROVIDING EDUCATIONAL, SOCIAL-EMOTIONAL, RECREATIONAL AND HEALTH PROGRAMS AND SERVICES TO THE YOUNG PEOPLE IN DEDHAM. THE ORGANIZATION'S CURRENT SERVICE INITIATIVES SUPPORTS THE DEDHAM FOOD PANTRY; THE HARVESTING SEEDS OF HOPE PROGRAM WHICH PARTNERS WITH THE PINE STREET INN.
GRANTS AND ASSISTANCE TO DOMESTIC AND FOREIGN ORGANIZATIONS FOR COMMUNITY SERVICE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Atwood President & | OfficerTrustee | 2 | $0 |
Kathryn Cook Treasurer, D | OfficerTrustee | 2 | $0 |
Lynsey Cozens Clerk | Officer | 2 | $0 |
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 | $1,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,264 |
| Total Program Service Revenue | $109,871 |
| Investment income | $37,285 |
| 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 | $150,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,000 |
| 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 | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,925 |
| Advertising and promotion | $1,072 |
| Office expenses | $341 |
| Information technology | $833 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4 |
| 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 | $0 |
| All other expenses | -$85 |
| Total functional expenses | $68,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $189,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,000 |
| 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 | $934 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $408,545 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $608,082 |
| Accounts payable and accrued expenses | $68,780 |
| 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 | $68,780 |
| Net assets without donor restrictions | $539,302 |
| 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 | $608,082 |
Grants Awarded
Over the last fiscal year, Ripples Of Hope Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DEDHAM YOUTH COMMISSION | | | $20,000 |
DEDHAM FOOD PANTRY | | | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ripples Of Hope Inc has recieved totaling $24,559.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $24,559 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clara Lionel Foundation New York, NY | $44,086,810 | $23,596,509 |
Visionspring New York, NY | $15,269,850 | $12,679,680 |
America Gives Inc New York, NY | $1,069,288 | $7,827,978 |
Foundations In Education Inc Bridgeport, CT | $36,181,181 | $11,526,982 |
Grant Recommendation Fund Spring Valley, NY | $460,055 | $4,767,095 |
The Catherine Jefferson Foundation Darien, CT | $18,987,801 | $13,741,460 |
Bikoff Foundation Whitestone, NY | $65,723,002 | $14,790,071 |
Giving Tuesday Inc Brooklyn, NY | $1,987,227 | $3,527,479 |
The Meringoff Family Foundation Inc New York, NY | $455,360 | $3,000,005 |
Island Outreach Foundation Inc Center Moriches, NY | $19,989,596 | $2,168,344 |
University Of The Andes Foundation Inc New York, NY | $11,245,685 | $2,158,813 |
Goodman-Lipman Family Foundation Inc Larchmont, NY | $13,467,092 | $1,080,767 |