Raes Hope INC

Tax-deductible

Rockwall, TX501(c)(3)Youth DevelopmentEIN 20-8743343

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Provide underserved girls in North Texas the opportunity to succeed academically and enrich their lives through a unique, holistic youth development program designed to empower them with critical life skills.

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Run by 50 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $61K a year · 48% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$21K
to officers and key staff · 33% of spending
Top officer’s pay higher than 58% of similar orgs
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 28.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $23K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$659
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$79K
-76% vs prior year
Spent
$63K
To programs
69%
Net assets
$300K
By yearFY2021–FY2024
Revenue
$79K
FY2024▼ -76%
Revenue by fiscal year
FY2021$76K
FY2022$30K
FY2023$324K
FY2024$79K
Expenses
$63K
FY2024▼ -56%
Expenses by fiscal year
FY2021$28K
FY2022$29K
FY2023$145K
FY2024$63K
Net assets
$300K
FY2024▲ +6%
Net assets by fiscal year
FY2021$103K
FY2022$104K
FY2023$282K
FY2024$300K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $44K Management & general 12% · $8K Fundraising 19% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $21K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$21,125Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Angela Fields’s $21K as Executive Director is at the 58th percentile of top reported officer pay among 111 <$100K youth development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Angela Fields$21,125$18,225$3,600

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers underserved North Texas girls with life skills for academic and personal success.

Provided by the organization

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2 program services account for $44K of program spending, described in the organization's own filed words · FY2024.
01

Main program- Rae's Hope's program includes a multi-faceted approach that combines team sports with a rich cirricula of life skills, healthy living, social skills, technology, financial literacy and community service.

$37Kprogram expense
02

Special Events

These includes events outside of the regular program that are open to all youth in the South Dalla area, including, but not limited to: i) Technology Day where participants learn various aspects of STEM, and ii) Fitness Day where we engage the youth to participate in various fitness activities by rotating to stations manned by volunteers.

$7Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$23K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$79K
Ln 12
Gifts and grantsLn 1h$79K
Money outPt IX
$63K
Ln 25
Programscol B$44K
Managementcol C$8K
Fundraisingcol D$12K
Owns and owesPt X
$300K
net assets · Ln 32
Cash and savingsLn 1–2$148K
Total assetsLn 16$301K
LiabilitiesLn 26$659
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$79K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$79K
Assets in detailPt X, end of year
CashLn 1$148K
Cash and savings togetherLn 1–2$148K
InvestmentsLn 11–13$153K
Total assetsLn 16$301K
LiabilitiesLn 26$659
Net assetsLn 32$300K
OperationsPt I, VI
EmployeesI 52
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$137K$148K
InvestmentsLn 11–13$150K$153K
Total assetsLn 16$287K$301K
LiabilitiesLn 26$5K$659
Net assetsLn 32$282K$300K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$21K$16K$3K$2K
Other salaries and wagesLn 7$4K$2K$346$2K
Payroll taxesLn 10$2K$1K$258$258
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$4K$3K$607$340
Information technologyLn 14$4K$178$135$3K
OccupancyLn 16$2K$30$2K
TravelLn 17$5K$5K$360$213
InsuranceLn 23$5K$3K$697$465
Other expenses (24a–d)Ln 24$14K$13K$215$178
All other expensesLn 24e$0
Total functional expensesLn 25$63K$44K$8K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $79K$63K$15K$300K 990 PDF
FY2023 $324K$145K$178K$282K 990 PDF
FY2022 $30K$29K$955$104K 990 PDF
FY2021 $76K$28K$48K$103K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $78,621 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$78,621
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$78,621
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$78,621
Part IX · Statement of functional expenses $63,331 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $15,844 · Management $3,169 · Fundraising $2,112$21,125
IX-7 Other salaries and wagesPrograms $2,228 · Management $346 · Fundraising $1,819$4,393
IX-10 Payroll taxesPrograms $1,025 · Management $258 · Fundraising $258$1,541
IX-12 Advertising and promotionFundraising $3,168$3,168
IX-13 Office expensesPrograms $2,798 · Management $607 · Fundraising $340$3,745
IX-14 Information technologyPrograms $178 · Management $135 · Fundraising $3,461$3,774
IX-16 OccupancyPrograms $30 · Management $1,900$1,930
IX-17 TravelPrograms $4,875 · Management $360 · Fundraising $213$5,448
IX-23 InsurancePrograms $3,484 · Management $697 · Fundraising $465$4,646
IX-24 Other expenses (24a–d)Programs $13,168 · Management $215 · Fundraising $178$13,561
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $43,630 · Management $7,687 · Fundraising $12,014$63,331
Part X · Balance sheet $300,638 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $136,791$147,955
X-11 Publicly traded securitiesStart of year $150,000$152,683
X-16 Total assetsStart of year $286,791$300,638
X-17 Accounts payable and accrued expensesStart of year $4,785$659
X-26 Total liabilitiesStart of year $4,785$659
X-27 Net assets without donor restrictionsStart of year $282,006$299,979
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $282,006$299,979
X-33 Total liabilities and net assetsStart of year $286,791$300,638
Part XI · Reconciliation of net assets $299,979 net assets at year end
XI-1 Total revenue$78,621
XI-2 Total expenses$63,331
XI-3 Revenue less expenses$15,290
XI-4 Net assets at start of year$282,006
XI-5 Net unrealized gains (losses) on investments$2,683
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,979

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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