Renaissance Creations EIN 61-1896785 Form 990 (PDF) Claim this org

Renaissance Creations FY2020 filing

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Restores blighted homes to foster peace in the city. For fiscal year 2020 it reported $363K in revenue, $432K in expenses, and $-66K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Knoxville, TN
Website
renaissancecreations.org
Filings
5 on file (2020–2020)
Revenue
$363KFY2020
Expenses
$432K
Net assets
$-66K
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  61-1896785 Public charity (501(c)(3)) Knoxville, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Restores blighted homes to foster peace in the city.
Leadership
Jack Bender · Director
Money in and out
$363K revenue, $432K expenses
Bottom line
89% program efficiency
Where the money goes · FY2020
Total revenue
$363K
Pt VIII · Ln 12
Total expenses
$432K
Pt IX · Ln 25
Net assets
$-66K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$70K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program efficiency
89%
of spending reaches programs
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$363K
FY2020
Expenses
$432K
FY2020
Total assets
$8K
FY2020
Total liabilities
$74K
FY2020
Total revenue
$363K
Pt VIII · Ln 12
Total expenses
$432K
Pt IX · Ln 25
Net assets
$-66K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$70K
Total assetsPt X · Ln 16$8K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRenaissance Creations
EINHdr · item D61-1896785
Principal addressHdr · item CKnoxville, TN
WebsiteHdr · item Jrenaissancecreations.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Renaissance Creations executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $384K of program spending, described in the organization's own filed words · FY2020.
01

To seek the peace of the city by restoring blighted homes and strengthening neighborhood communities in knoxville.

$384Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$355K · 98%
Contributions & grants$8K · 2%
Program service revenue98%$355K
Contributions & grants2%$8K
Investment income$27
Total revenueLn 12$363K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.07 Fundraising $0.04
Program services89%$384K
Management & general7%$29K
Fundraising4%$19K
Total functional expensesLn 25$432K

Balance Sheet

Part X · end of year
CashLn 1$8K
Total assetsLn 16$8K
Total liabilitiesLn 26$74K
Total net assetsLn 32$-66K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8K · Operating expenses/yr $432K
0.2 months
Where the money goes
Program services
Program services $384K · Total expenses $432K
89%
Management & General
Management & general $29K · Total expenses $432K
7%
Fundraising
Fundraising $19K · Total expenses $432K
4%
Cost to raise $1
Fundraising expense $19K · Solicited contributions $8K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $8K · Total revenue $363K
2%
Government reliance
Government grants — · Total revenue $363K
Earned-income share
Program service revenue $355K · Total revenue $363K
98%
Investment reliance
Investment income $27 · Total revenue $363K
<0.01%
Program self-sufficiency
Program service revenue $355K · Total expenses $432K
82%
Growth & trend
Revenue growth (YoY)
This year $363K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-66K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $363K · Expenses $432K
-19%
Liabilities-to-Assets
Total liabilities — · Total assets $8K
Net-asset ratio
Net assets $-66K · Total assets $8K
-802%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jack Bender · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $432K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $184K · Total expenses $432K
43%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 7%
Fundraising cost ratio 245%
Accounting fee ratio 0.05%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$60K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$470K revenue · ⤓ 990 PDF
FY2023$428K revenue · ⤓ 990 PDF
FY2022$548K revenue · ⤓ 990 PDF
FY2021$313K revenue · ⤓ 990 PDF
FY2020$363K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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