Renovare Inc
- Assets
- $722.9k
- Revenue
- $1.6m
- Investments
- $46.1k
- Employees
- 9
- Location
- Denver, CO
- Founding
- 07/1989
- Data as of
- 06/2023
- EIN
- 48-1062723
Organization Overview
Renovare Inc is located in Denver, CO. The organization was established in 1989. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Renovare Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renovare 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 06/2023, Renovare Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 13.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RENEW THE CHRISTIAN CHURCH THROUGH THE PERSONAL AND CORPORATE SPIRITUAL FORMATION OF ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH A PROGRAM LASTING TWO YEARS, THE RENOVARE INSTITUTE FOR CHRISTIAN SPIRITUAL FORMATION (RENOVARE INSTITUTE) PROVIDES AN IN DEPTH INTERACTION WITH CORE ORGANIZATIONAL IDEAS. IN FY 2022-23, THE PHOENIX COHORT COMPLETED THEIR SECOND YEAR OF THE PROGRAM WITH RETREATS IN NOVEMBER 2022 AND JUNE 2023 WITH 46 STUDENTS. THE ATLANTA COHORT COMPLETED YEAR ONE WITH RETREATS IN SEPTEMBER 2022 AND MARCH 2023 WITH 42 STUDENTS.
IN ORDER TO ENCOURAGE PEOPLE TO DEVELOP A DEEPER, MORE MEANINGFUL CHRISTIAN LIFE, PRINTED LITERATURE SUCH AS SEASONAL DEVOTIONALS CONTINUE TO BE OFFERED. NOTE: REVENUE BELOW IS SHOWN AS LESS COST OF SALES.
CONFERENCES AND RETREATS ARE PLANNED AND FACILITATED TO ENCOURAGE PEOPLE TO PRACTICE A MEANINGFUL SPIRITUAL LIFE. THE FELLOWSHIP OF THE BURNING HEART RESUMED RETREATS. IN SEPTEMBER 2022 PARTICIPANTS GATHERED IN COLORADO AND IN FEBRUARY 2023 IN NORTH CAROLINA, TO CONTINUE LISTENING GROUPS (WHICH GREW FROM 14 TO 36). IN ADDITION TO THESE RETREATS, FACILITATORS ALSO MET TO BE TRAINED IN LEADING GROUPS. IN APRIL 2023 THE SECOND PASTOR'S RETREAT, "FIRST LOVE", WAS HELD FOR 45 PASTORS. IN JUNE 2023, RENOVARE HELD A NATIONAL EVENT, "REGATHERING", WITH OVER 300 PEOPLE.
SPIRITUAL FORMATION EDUCATION IS A CORE OF RENOVARE'S MINISTRY AND HAS BEEN AN EMPHASIS FOR FY 2022-23. THIS GENERAL EDUCATION OCCURS THROUGH VARIOUS PLATFORMS: SUCH AS PODCASTS VIA THE WEBSITE (RENOVARE.ORG), THE ONLINE RENOVARE BOOK CLUB WITH ALMOST 1,800 PARTICIPANTS, NEW ONLINE COURSES, AND VARIOUS SPEAKING ENGAGEMENTS. RENOVARE HAS CONTINUED WEBINARS THAT WERE CREATED IN RESPONSE TO LIMITED IN PERSON GATHERINGS. WEBINARS ARE EVERY TWO MONTHS, WITH AN AVERAGE WEBINAR HAVING OVER 1,000 REGISTRATIONS. RENOVARE HAS ALSO PARTNERED WITH FOOD FOR THE HUNGRY (FH) TO PROVIDE ONLINE SPIRITUAL FORMATION EDUCATION FOR USE BY FH LEADERS AND WORKERS IN VARIOUS AREAS OF THE WORLD. RENOVARE SAW ALMOST 5,000 PEOPLE REGISTER FOR THEIR "FROM THE INSIDE OUT" ONLINE COURSE, PODCAST EPISODES WERE DOWNLOADED OVER 370,000 TIMES AND OVER 30,000 PEOPLE NOW RECEIVE "RENOVARE WEEKLY" EACH FRIDAY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Harro President | OfficerTrustee | 40 | $120,794 |
Miriam Dixon Trustee | Trustee | 3 | $0 |
Margaret Campbell Trustee | Trustee | 3 | $0 |
Richella Parham Vice Chairperson | Trustee | 3 | $0 |
Jon Bailey Trustee | Trustee | 3 | $0 |
Linda Christians Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,675 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $848,329 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $863,004 |
| Total Program Service Revenue | $673,764 |
| Investment income | $590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $9,065 |
| 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 | $4,538 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,550,961 |
| 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 | $723,657 |
| Pension plan accruals and contributions | $75,383 |
| Other employee benefits | $2,801 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,384 |
| Fees for services: Accounting | $3,071 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $116,011 |
| Advertising and promotion | $2,271 |
| Office expenses | $10,010 |
| Information technology | $11,566 |
| Royalties | $0 |
| Occupancy | $14,309 |
| Travel | $464,115 |
| 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 | $8,005 |
| Insurance | $6,825 |
| All other expenses | $0 |
| Total functional expenses | $1,579,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $516,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,170 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,712 |
| Prepaid expenses and deferred charges | $55,210 |
| Net Land, buildings, and equipment | $12,354 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $46,085 |
| Investments—program-related | $0 |
| Intangible assets | $4,337 |
| Other assets | $10,107 |
| Total assets | $722,888 |
| Accounts payable and accrued expenses | $117,888 |
| Grants payable | $0 |
| Deferred revenue | $43,739 |
| 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 | $161,627 |
| Net assets without donor restrictions | $528,190 |
| Net assets with donor restrictions | $33,071 |
| 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 | $722,888 |