Renu Hope Foundation
- Assets
- $9.2m
- Revenue
- $15.3m
- Investments
- $0.0
- Employees
- 118
- Location
- Beaumont, CA
- Founding
- 10/1972
- Data as of
- 06/2023
- EIN
- 95-2702472
Organization Overview
Renu Hope Foundation is located in Beaumont, CA. The organization was established in 1972. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 06/2023, Renu Hope Foundation employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renu 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 06/2023, Renu Hope Foundation generated $15.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $14.3m during the year ending 06/2023. While expenses have increased by 8.8% 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 ESTABLISH PROGRAMS AFFORDING EMPOWERMENT OPPORTUNITIES TOWARD SELF SUFFICIENCY AND RENEWED HOPE AND TO ESTABLISH DEMONSTRATION SUBSIDIZED AND NON SUBSIDIZED FAMILY SERVICE CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED PRESCHOOL EDUCATIONAL AND CHILD DEVELOPMENT SERVICES TO CHILDREN AT 14 CHILD CARE CENTERS.
PROVIDED FOOD AND NUTRITION SERVICES FOR CHILDREN AT 14 LOCATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saovaros Diehl-Hope CEO | Officer | 40 | $300,435 |
Kevin Franklin Treasurer | OfficerTrustee | 1 | $0 |
Jan Leja Board Chair | OfficerTrustee | 1 | $0 |
Dr Yxstian Guitierrez Director | Trustee | 1 | $0 |
Grant Bennett Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allen Hope | 6/29/22 | $151,200 |
Niel Dymott Frank Mccabe & Hudson Aplc Legal Services | 6/29/22 | $125,242 |
Kim S Chong Perris Crossroads | 6/29/22 | $101,513 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,856,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $484,745 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,341,104 |
| Total Program Service Revenue | $0 |
| Investment income | $6,088 |
| 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 | $15,347,192 |
| 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. | $300,435 |
| Compensation of current officers, directors, key employees. | $300,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,572,484 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $783,263 |
| Payroll taxes | $269,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,681 |
| Fees for services: Accounting | $215,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,045 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,441,944 |
| 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 | $111,584 |
| Insurance | $0 |
| All other expenses | $195,908 |
| Total functional expenses | $14,329,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,021,959 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,389,501 |
| 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 | $204,454 |
| Net Land, buildings, and equipment | $611,350 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,895,831 |
| Other assets | $70,440 |
| Total assets | $9,193,535 |
| Accounts payable and accrued expenses | $1,587,237 |
| Grants payable | $1,404,741 |
| Deferred revenue | $2,151,950 |
| 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 | $1,896,747 |
| Total liabilities | $7,040,675 |
| Net assets without donor restrictions | $2,152,860 |
| 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 | $9,193,535 |