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Nonprofiteer
← RAES HOPE INC

Form 990 for tax year 2024

Filed by RAES HOPE INC.

Totals

Total revenue
$78,621
Total expenses
$63,331
Contributions and grants received
$78,621
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$300,638
Total liabilities, end of year
$659
Net assets or fund balances, end of year
$299,979
Program services expenses (Part IX)
$43,630
Management and general expenses
$7,687
Fundraising expenses
$12,014
Program service expenses (Part III)
$43,630

Program services were 68.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $78,621

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $21,125 · program services $15,844 · management and general $3,169 · fundraising $2,112

  • 7 · Other salaries and wages

    total $4,393 · program services $2,228 · management and general $346 · fundraising $1,819

  • 10 · Payroll taxes

    total $1,541 · program services $1,025 · management and general $258 · fundraising $258

  • 12 · Advertising and promotion

    total $3,168 · fundraising $3,168

  • 13 · Office expenses

    total $3,745 · program services $2,798 · management and general $607 · fundraising $340

  • 14 · Information technology

    total $3,774 · program services $178 · management and general $135 · fundraising $3,461

  • 16 · Occupancy

    total $1,930 · program services $30 · management and general $1,900

  • 17 · Travel

    total $5,448 · program services $4,875 · management and general $360 · fundraising $213

  • 23 · Insurance

    total $4,646 · program services $3,484 · management and general $697 · fundraising $465

  • 24a · Other expenses: Refreshments/snacks

    total $4,694 · program services $4,301 · management and general $215 · fundraising $178

  • 24b · Other expenses: Uniforms and equipment

    total $3,280 · program services $3,280 · management and general $0 · fundraising $0

  • 24c · Other expenses: Program Supplies

    total $5,587 · program services $5,587 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $136,791 · end of year $147,955

  • 11 · Investments: publicly traded securities

    beginning of year $150,000 · end of year $152,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,785 · end of year $659

  • 27 · Net assets without donor restrictions

    beginning of year $282,006 · end of year $299,979

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

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. Our vision is to revive communities, one child at a time.

Activities or mission (Part I)

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.

  • 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. Our work is to engage young girls in the development of life-skills outside of school, with hopes of preventing them from disruptive behaviors by focusing on activities that lead to positive outcomes. Through our main program, the girls learn the sport of volleyball, while at the same time, practicing life-skills, improving themselves and building constructive relationships. Since our inception, 90% of the girls who participated in programming for more than two years have graduated from high school.

    Expenses $36,668

  • 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.

    Expenses $6,962

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Angela Fields

    Executive Director

    Total calculated
    $21,125
    From this org
    $21,125
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Robin Ogbonna

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donnie Fields

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jay Williams

    Director

    Total calculated
    $0
    Hours/week
    2

  • Andy Spurgeon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Powlen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tiffany Barksdale

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • David Dodenhoff

    Chairperson

    Total calculated
    $0
    Hours/week
    5

  • Debbie Pon

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Judy Helm

    Vice-chairperson

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.0
Source object
202521359349316832

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