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Nonprofiteer
← RESTORE HOPE

Form 990 for tax year 2023

Filed by RESTORE HOPE.

Totals

Total revenue
$477,877
Total expenses
$312,218
Contributions and grants received
$477,877
Grants paid
$205,193
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$266,632
Total liabilities, end of year
$71,623
Net assets or fund balances, end of year
$195,009
Program services expenses (Part IX)
$245,976
Management and general expenses
$19,395
Fundraising expenses
$46,847
Program service expenses (Part III)
$245,976

Program services were 78.8% 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

    $477,877

  • 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.

  • 3 · Grants to foreign organizations and individuals

    total $205,193 · program services $205,193

  • 5 · Compensation of officers, directors and key employees

    total $45,000 · program services $18,000 · management and general $4,500 · fundraising $22,500

  • 10 · Payroll taxes

    total $3,956 · program services $1,582 · management and general $396 · fundraising $1,978

  • 11a · Fees: management

    total $37,500 · program services $15,000 · management and general $3,750 · fundraising $18,750

  • 11c · Fees: accounting

    total $3,209 · management and general $3,209

  • 12 · Advertising and promotion

    total $6,260 · program services $3,230 · management and general $3,030

  • 13 · Office expenses

    total $2,120 · management and general $1,801 · fundraising $319

  • 14 · Information technology

    total $4,796 · program services $221 · management and general $1,275 · fundraising $3,300

  • 19 · Conferences, conventions and meetings

    total $2,750 · program services $2,750

  • 23 · Insurance

    total $1,434 · management and general $1,434

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,750 · end of year $265,732

  • 9 · Prepaid expenses and deferred charges

    beginning of year $600 · end of year $900

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $71,623

  • 25 · Other liabilities

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $21,873 · end of year $175,556

  • 28 · Net assets with donor restrictions

    beginning of year $7,477 · end of year $19,453

Mission and programs · 2023

Mission

The mission of Restore Hope is to provide essential support to vulnerable children and their caregivers in the developing world, with timely and sustainable resources and activities that will protect their health and wellbeing, ensure access to education, and provide economic opportunities beyond school, thus providing a way out of extreme and enduring poverty.

Activities or mission (Part I)

To improve the health and wellbeing of vulnerable and disadvantaged communities in post-emergency settings by providing basic health, education, and income generating activities in order to alleviate extreme poverty and empower communities to become their own agents of change.

  • Restore Hope provided our grantee organization, Restore Hope: Liberia (RHL), with grant funding for program activities. With Restore Hope's support, RHL enrolled approximately 2,000 women experiencing moderate to severe depression into RHL's group therapy program which utilizes the Interpersonal Psychotherapy model delivered by RHL-trained lay mental health counselors. RHL is also tackling the local impacts of the concomitant mental health and climate crisis by integrating its mental health program into a food forest project, through which local agroforestry experts demonstrate sustainable use of the forest for food security. RHL addresses the social determinants of mental health through its partnership with Rebuild Africa, a 501c3 and registered nonprofit in Liberia, providing quality education with a literacy first curriculum.

    Expenses $245,976 · Grants $205,193 · Revenue $477,877

As filed on the 2023 return.

Listed in Part VII

  • Saundra Willliams

    Executive Director

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30
  • Robert Rufsvold

    Board Chair

    Total calculated
    $0
    Hours/week
    20
  • Barbara Burke

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Bakhtavar Desai

    Treasurer

    Total calculated
    $0
    Hours/week
    5
  • Darlington Marlor

    Director

    Total calculated
    $0
    Hours/week
    2
  • Ousman Sey

    Director

    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
2023
Filed
31 October 2024
IRS schema version
2023v5.0
Source object
202433179349300808

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