Hope Restored Missions

Tax-deductible

Plano, TX501(c)(3)Since 2019EducationEIN 84-2252859Revenue $726K in FY2024

On file with the IRShoperestoredmissions.org1947 K Ave Ste B100, 75074-5943 · Plano, TXTax-exempt since May 2020Publicly supported charity — 170(b)(1)(A)(vi)

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On a foundation of love and support, Hope Restored Missions helps the most vulnerable in our community by meeting their immediate needs, building relationships, and providing resources that put them on a path to self-sustainability.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Run by 300 volunteers and 11 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
2 of 2
filings with a surplus
Average surplus $53K a year · 9% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 8% of spending
Top officer’s pay lower than 61% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $481K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$152K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 10 voting members
Looks good: 7 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
$726K
+75% vs prior year
Spent
$665K
To programs
86%
Net assets
$247K
By yearFY2021–FY2024
Revenue
$726K
FY2024▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2021$67K
FY2022$182K
FY2023$416K
FY2024$726K
Expenses
$665K
FY2024▲ +79%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$371K
FY2024$665K
Net assets
$247K
FY2024▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2021$10K
FY2022$55K
FY2023$185K
FY2024$247K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2020.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $573K Management & general 5% · $33K Fundraising 9% · $58K

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; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation
Board Member
$48,375Pt VII · Sec A
$7,097Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Founder and CEO
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Sharron Gray’s $48K as Board Member is at the 39th percentile of top reported officer pay among 1613 $100K–1M education 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

NameFY2024FY2023FY2022FY2021
Sharron Gray$48,375$53,343$43,665$2,348
Kathy Smith$7,097$1,850——

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

Provides immediate needs, builds relationships, and offers resources for self-sustainability to vulnerable community members.

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Provided by the organization

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1 program · $573K · in their own filed words · FY2024
01

HRM Support Center provides assistance with ID procurement; housing; employment; emergency food, clothing, and transportation, and case management.

$573Kprogram 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 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$726K
Ln 12
Gifts and grantsLn 1h$726K
Investment incomeLn 3$9
Money outPt IX
$665K
Ln 25
Programscol B$573K
Managementcol C$33K
Fundraisingcol D$58K
Owns and owesPt X
$247K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$399K
LiabilitiesLn 26$152K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$726K
Government grantsLn 1e$426K
Noncash giftsLn 1g$47K
Fundraising eventsLn 1c$0
Investment incomeLn 3$9
Total revenueLn 12$726K
Assets in detailPt X, end of year
CashLn 1$90K
SavingsLn 2$78K
Cash and savings togetherLn 1–2$167K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$65K
Other assetsLn 15$126K
Total assetsLn 16$399K
LiabilitiesLn 26$152K
Net assetsLn 32$247K
OperationsPt I, VI
EmployeesI 511
VolunteersI 6300
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 FY24End FY24
Cash and savingsLn 1–2$122K$167K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$93K$65K
Total assetsLn 16$390K$399K
LiabilitiesLn 26$205K$152K
Net assetsLn 32$185K$247K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$55K$55K$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$230K$230K$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$12K$12K$0$0
Payroll taxesLn 10$26K$26K
Legal feesLn 11b$392$392
Accounting feesLn 11c$10K$10K$0$0
Professional fundraising feesLn 11e$53K$53K
Other fees for servicesLn 11g$9K$8K$1K$0
Office expensesLn 13$6K$3K$1K$1K
Information technologyLn 14$45K$28K$12K$4K
OccupancyLn 16$61K$55K$6K
Conferences, conventions and meetingsLn 19$840$420$420
Depreciation, depletion and amortizationLn 22$29K$26K$3K
InsuranceLn 23$11K$10K$1K
Other expenses (24a–d)Ln 24$100K$97K$3K$0
All other expensesLn 24e$16K$12K$4K$0
Total functional expensesLn 25$665K$573K$33K$58K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $726K$665K$62K$247K 990 PDF
FY2023 $416K$371K$45K$185K 990 PDF
FY2022 $182K$55K 990 PDF
FY2021 $67K$10K 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 (6 parts)
Part I · Summary $726,473 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $416,001$726,464
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$9
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $416,001$726,473
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $141,296$323,342
I-16a Professional fundraising feesPrior year $9,426$53,448
I-17 Other expensesPrior year $220,325$287,971
I-18 Total expensesPrior year $371,047$664,761
I-19 Revenue less expensesPrior year $44,954$61,712
Part VI · Governance 7 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members7
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 $726,473 across 10 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$425,585
VIII-1f All other contributions, gifts and grants$300,879
VIII-1g Noncash contributions (included above)$47,150
VIII-1h Total contributions, gifts and grants$726,464
VIII-3 Investment incomeRelated to mission $9 · Unrelated business $0 · Excluded from tax $0$9
VIII-12 Total revenueRelated to mission $9 · Unrelated business $0 · Excluded from tax $0$726,473
Part IX · Statement of functional expenses $664,761 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $55,472 · Management $0 · Fundraising $0$55,472
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $229,820 · Management $0 · Fundraising $0$229,820
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $12,161 · Management $0 · Fundraising $0$12,161
IX-10 Payroll taxesPrograms $25,889$25,889
IX-11b Legal feesManagement $392$392
IX-11c Accounting feesPrograms $10,000 · Management $0 · Fundraising $0$10,000
IX-11e Professional fundraising feesFundraising $53,448$53,448
IX-11g Other fees for servicesPrograms $7,701 · Management $1,359 · Fundraising $0$9,060
IX-13 Office expensesPrograms $3,361 · Management $1,116 · Fundraising $1,104$5,581
IX-14 Information technologyPrograms $28,434 · Management $12,351 · Fundraising $3,930$44,715
IX-16 OccupancyPrograms $55,334 · Management $6,060$61,394
IX-19 Conferences, conventions and meetingsPrograms $420 · Management $420$840
IX-22 Depreciation, depletion and amortizationPrograms $25,672 · Management $2,852$28,524
IX-23 InsurancePrograms $9,642 · Management $1,217$10,859
IX-24 Other expenses (24a–d)Programs $97,354 · Management $2,891 · Fundraising $0$100,245
IX-24e All other expensesPrograms $11,976 · Management $4,385 · Fundraising $0$16,361
IX-25 Total functional expensesPrograms $573,236 · Management $33,043 · Fundraising $58,482$664,761
Part X · Balance sheet $398,972 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $101,738$89,670
X-2 Savings and temporary cash investmentsStart of year $20,577$77,597
X-3 Pledges and grants receivable$30,195
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$10,858
X-10c Land, buildings and equipment, netStart of year $93,415$64,890
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $172,833$125,762
X-16 Total assetsStart of year $390,063$398,972
X-17 Accounts payable and accrued expensesStart of year $4,885$654
X-19 Deferred revenueStart of year $8,833$590
X-25 Other liabilitiesStart of year $190,956$150,722
X-26 Total liabilitiesStart of year $204,674$151,966
X-27 Net assets without donor restrictionsStart of year $178,637$227,456
X-28 Net assets with donor restrictionsStart of year $6,752$19,550
X-32 Total net assets or fund balancesStart of year $185,389$247,006
X-33 Total liabilities and net assetsStart of year $390,063$398,972
Part XI · Reconciliation of net assets $247,006 net assets at year end
XI-1 Total revenue$726,473
XI-2 Total expenses$664,761
XI-3 Revenue less expenses$61,712
XI-4 Net assets at start of year$185,389
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$95
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$247,006

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

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