Hope Restored FY2022 filing

Tax-deductible

Franklin, TN501(c)(3)Public Safety & DisasterEIN 27-1971473Revenue $607K in FY2022

On file with the IRSrestorehaiti.com144 Ridgemont Pl, 37064-2940 · Franklin, TNTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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To empower communities to rise from a culture of desperation to one of Restored Hope and self-sustainability.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
1 of 5
filings with a surplus
Average deficit $11K a year · 2% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $23K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$16K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$607K
+14% vs prior year
Spent
$519K
To programs
85%
Net assets
$115K
By yearFY2020–FY2024
Revenue
$607K
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$529K
FY2021$531K
FY2022$607K
FY2023$486K
FY2024$492K
Expenses
$519K
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$545K
FY2021$552K
FY2022$519K
FY2023$555K
FY2024$528K
Net assets
$115K
FY2022▲ +338%
Tap a bar for its year
Net assets by fiscal year
FY2020$48K
FY2021$26K
FY2022$115K
FY2023$46K
FY2024$10K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $442K Management & general 11% · $60K Fundraising 3% · $18K

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

9 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
$13,000Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Philip Peters’s $13K as Founder is at the 44th percentile of top reported officer pay among 826 $100K–1M public safety & disaster 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 · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Theresa Swain——$15,000
Philip Peters$13,000$12,918$7,000

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers communities to move from desperation to restored hope and self-sustainability.

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Provided by the organization

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3 programs · $442K · in their own filed words · FY2022
01

Sponsorships/Feeding Program

Mal-nutrition and lack of education are two of the biggest issues the youth of haiti struggle to overcome. Because there is no free public education in haiti, many haitian children are not afforded the opportunity for consistent schooling, and therefore grow up to be unemployed and unable to support themselves.

$372Kprogram expense
02

Missions Trips

Each year, several opportunities are available for individuals to travel to haiti to be a part of the on the ground work taking place in the community of morne oge, just outside of the city of jacmel. Those who join us on a trip to haiti will get to put their personal skill set to work to help further restore haiti's long term purposes.

$53Kprogram expense
03

Building Project / Disaster Relief

There are several building programs in progress in the community in haiti that we have adopted. We provided hurricane relief in the form of facility and home repairs, food distributions, and re-establishing agriculture that was destroyed.

$16Kprogram expense

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
See all 3 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$607K
Ln 12
Gifts and grantsLn 1h$607K
Money outPt IX
$519K
Ln 25
Programscol B$442K
Managementcol C$60K
Fundraisingcol D$18K
Owns and owesPt X
$115K
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$131K
LiabilitiesLn 26$16K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$607K
Total revenueLn 12$607K
Assets in detailPt X, end of year
CashLn 1$125K
Cash and savings togetherLn 1–2$125K
Total assetsLn 16$131K
LiabilitiesLn 26$16K
Net assetsLn 32$115K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$44K$125K
Total assetsLn 16$44K$131K
LiabilitiesLn 26$18K$16K
Net assetsLn 32$26K$115K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$372K$372K
Pay of current officers, directors and key staffLn 5$13K$13K
Other salaries and wagesLn 7$68K$50K$13K$5K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$10$10
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$7K$3K$4K
TravelLn 17$12K$5K$7K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$3K$21K
Total functional expensesLn 25$519K$442K$60K$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $492K$528K−$36K$10K 990 PDF
FY2023 $486K$555K−$69K$46K 990 PDF
FY2022 Viewing $607K$519K$89K$115K 990 PDF
FY2021 $531K$552K−$22K$26K 990 PDF
FY2020 $529K$545K−$17K$48K 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 FY2022 990 (6 parts)
Part I · Summary $607,349 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $530,655$607,349
I-9 Program service revenue$0
I-10 Investment incomePrior year $147$0
I-11 Other revenue$0
I-12 Total revenuePrior year $530,802$607,349
I-13 Grants and similar amounts paidPrior year $422,719$372,102
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $64,849$81,229
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $64,896$65,344
I-18 Total expensesPrior year $552,464$518,675
I-19 Revenue less expensesPrior year −$21,662$88,674
Part VI · Governance 8 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $607,349 across 3 lines filed
VIII-1f All other contributions, gifts and grants$607,349
VIII-1h Total contributions, gifts and grants$607,349
VIII-12 Total revenue$607,349
Part IX · Statement of functional expenses $518,675 across 10 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $372,102$372,102
IX-5 Pay of current officers, directors and key staffPrograms $13,000$13,000
IX-7 Other salaries and wagesPrograms $50,352 · Management $12,980 · Fundraising $4,897$68,229
IX-11c Accounting feesManagement $15,777$15,777
IX-11g Other fees for servicesManagement $10$10
IX-12 Advertising and promotionFundraising $5,739$5,739
IX-13 Office expensesPrograms $3,027 · Management $3,594$6,621
IX-17 TravelManagement $4,641 · Fundraising $6,910$11,551
IX-23 InsuranceManagement $1,509$1,509
IX-24 Other expenses (24a–d)Programs $3,136 · Management $21,001$24,137
IX-25 Total functional expensesPrograms $441,617 · Management $59,512 · Fundraising $17,546$518,675
Part X · Balance sheet $130,800 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $44,159$124,737
X-9 Prepaid expenses and deferred charges$6,063
X-16 Total assetsStart of year $44,159$130,800
X-17 Accounts payable and accrued expensesStart of year $13,227$11,194
X-19 Deferred revenueStart of year $4,676$4,676
X-26 Total liabilitiesStart of year $17,903$15,870
X-27 Net assets without donor restrictionsStart of year −$65,127$92,784
X-28 Net assets with donor restrictionsStart of year $91,383$22,146
X-32 Total net assets or fund balancesStart of year $26,256$114,930
X-33 Total liabilities and net assetsStart of year $44,159$130,800
Part XI · Reconciliation of net assets $114,930 net assets at year end
XI-1 Total revenue$607,349
XI-2 Total expenses$518,675
XI-3 Revenue less expenses$88,674
XI-4 Net assets at start of year$26,256
XI-10 Net assets at end of year$114,930

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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