Restore Hope Foundation
- Assets
- $240.5k
- Revenue
- $316.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 01/2020
- Data as of
- 12/2021
- 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 12/2021, Restore Hope Foundation generated $316.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $314.1k during the year ending 12/2021. 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
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 HURRICANE BLIGHT ON LAND AND SEA, REBUILDING LIBRARY AND CIVIC OFFICES, PART RESTORATION OF THE MUSEUM, INSTALLATION OF THE ABACO DINGHY BY THE CLINIC, VARIOUS OTHER ACTIVITIES INCLUDING BUT NOT LIMITED TO SUPPORT FOR RECOVERING SMALL BUSINESSES, LANDSCAPING AND PLANTING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Holly Thompson Director | OfficerTrustee | 5 | $0 |
Rutledge Bradford Secretary | OfficerTrustee | 5 | $0 |
Michael E Hatchard President | Officer | 2 | $0 |
Juliza Gonzalez Treasurer | Officer | 2 | $0 |
Patti Love Director | Trustee | 2 | $0 |
Richard L Franyo Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Thompson Group Restoration Services | 12/30/20 | $447,623 |
The Thompson Group Restoration Services | 12/30/20 | $447,623 |
Abaco Inn Accommodations/food/bev | 12/30/20 | $144,265 |
Abaco Inn Accommodations/food/bev | 12/30/20 | $144,265 |
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 | $315,989 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,989 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $315,990 |
| 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 | $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 | $7,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,820 |
| 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 | $2,719 |
| All other expenses | $0 |
| Total functional expenses | $314,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $240,506 |
| 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 | $240,506 |
| 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 | $240,506 |
| 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 | $240,506 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Restore Hope Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $15,000 |
Don And Joan Strube Family Foundation Inc Winter Garden, FL PURPOSE: DONATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Empowerment Mission Inc Doral, FL | $12,885,666 | $34,667,430 |
Association Of Public-Safety Communications Officials-Internati Daytona Beach, FL | $12,656,968 | $13,455,177 |
Nature Coast Emergency Medical Foundation Inc Tampa, FL | $3,918,944 | $10,554,080 |
Central Florida Disaster Medical Coalition Inc Orlando, FL | $748,028 | $5,110,255 |
Hearts & Hands Disaster Recovery Clermont, FL | $99,815 | $2,118,556 |
People For Care & Learning Mobile, AL | $1,421,094 | $1,215,551 |
Puerto Rico Rises Corp Deltona, FL | $64,197 | $1,653,775 |
Darden Dimes Inc Orlando, FL | $4,294,723 | $2,955,933 |
Prodisee Pantry Inc Daphne, AL | $3,736,781 | $1,491,602 |
West Central Florida Disasterservices Incorporated Saint Petersburg, FL | $672,158 | $1,039,526 |
Community Organizations Active In Disaster Inc Pensacola, FL | $1,853,318 | $911,928 |
Global Catalytic Network Rockledge, FL | $216,524 | $810,745 |