Reignite Hope
- Assets
- $798.2k
- Revenue
- $703.4k
- Investments
- $0.0
- Employees
- 7
- Location
- San Pedro, CA
- Founding
- 03/2017
- Data as of
- 09/2021
- EIN
- 81-3244816
Organization Overview
Reignite Hope is located in San Pedro, CA. The organization was established in 2017. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 09/2022, Reignite Hope employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reignite Hope 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 09/2021, Reignite Hope generated $703.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $464.4k during the year ending 09/2021. 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
RESTORING HOPE AND DIGNITY TO FORMER GANG MEMBERS, EX-OFFENDERS AND THE HOMELESS BY TEACHING THEM JOB SKILLS FOR A CAREER IN WELDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
160 STUDENTS GRADUATED FROM THE PROGRAM, ALL ARE CERTIFIED BY THE AMERICAN WELDING SOCIETY (AWS) AND ALL THEIR NAMES APPEAR IN THE AWS NATIONAL REGISTRY OF CERTIFIED WELDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve D Bunyard President/direc | OfficerTrustee | 40 | $92,156 |
David Wendorff Treasurer | OfficerTrustee | 2 | $0 |
William Duncan Chairman | OfficerTrustee | 10 | $0 |
Max Youell Director | Trustee | 2 | $0 |
Hoon Dokko Secretary | Trustee | 2 | $0 |
Joe Handley Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $248,278 |
| Government grants | $256,471 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $649,947 |
| Total Program Service Revenue | $0 |
| Investment income | $27 |
| 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 | $164 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $703,444 |
| 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. | $91,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,617 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | -$300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $655 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76,000 |
| Advertising and promotion | $0 |
| Office expenses | $92,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,325 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,068 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,854 |
| Insurance | $30,932 |
| All other expenses | $4,424 |
| Total functional expenses | $464,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,014 |
| Savings and temporary cash investments | $412,027 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,749 |
| 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 | $111,496 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,890 |
| Total assets | $798,176 |
| Accounts payable and accrued expenses | $1,377 |
| 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 | $75,761 |
| Total liabilities | $77,138 |
| Net assets without donor restrictions | $679,743 |
| Net assets with donor restrictions | $41,295 |
| 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 | $798,176 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Reignite Hope has recieved totaling $114,009.
| Awarding Organization | Amount |
|---|---|
Oarsmen Foundation Torrance, CA PURPOSE: FUNDS FOR CHARITY | $50,000 |
Faithful Servants Foundation Yorba Linda, CA PURPOSE: TO SUPPORT EDUCATIONAL PURSUITS | $24,000 |
Fred And Peggy Hartley Family Foundation Palos Verdes Peninsula, CA PURPOSE: TO TRAIN AT RISK VETERANS IN WELDING SKILLS | $20,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $12,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,250 |
Sempra Energy Foundation San Diego, CA PURPOSE: EDUCATION | $754 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Seiu United Healthcare Workers West And Joint Employer Education Fund Oakland, CA | $34,525,553 | $33,102,664 |
Pathpoint Santa Barbara, CA | $30,980,142 | $25,477,174 |
Southern Nevada Culinary And Bartenders Training Fund A Trust North Las Vegas, NV | $6,674,284 | $16,437,102 |
National Test Pilot School Mojave, CA | $24,506,329 | $10,175,597 |
District Council 16 Northern California & Apprentice Training San Leandro, CA | $28,313,624 | $15,228,971 |
Seiu 503 Training Partnership Portland, OR | $26,268,019 | $3,868,415 |
Las Best Los Angeles, CA | $11,946,723 | $9,062,975 |
Codepath Org San Francisco, CA | $6,941,504 | $9,162,565 |
Neca-Ibew Electrical Training Trust Portland, OR | $14,916,871 | $7,992,939 |
Quest Scholars Program Palo Alto, CA | $18,833,898 | $9,171,706 |
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Casa Loma College Van Nuys, CA | $6,230,067 | $6,276,144 |