Form 990 for tax year 2023
Filed by RENAISSANCE WEST COMMUNITY INITIATIVE.
Totals
- Total revenue
- $1,801,410
- Total expenses
- $2,941,265
- Contributions and grants received
- $1,707,235
- Grants paid
- $307,615
- Program service revenue
- $0
- Investment income
- $67,081
- Other revenue
- $27,094
- Total assets, end of year
- $8,210,099
- Total liabilities, end of year
- $392,867
- Net assets or fund balances, end of year
- $7,817,232
- Program services expenses (Part IX)
- $2,110,938
- Management and general expenses
- $379,314
- Fundraising expenses
- $451,013
- Program service expenses (Part III)
- $2,110,938
Program services were 71.8% 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.
-
1c · Fundraising events
$336,520
-
1f · All other contributions, gifts and grants
$1,370,715
-
1g · Noncash contributions included above
$6,739
-
3 · Investment income
total $67,081 · excluded $67,081
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $23,000
-
6c · Rental income or loss
real property $23,000
-
6d · Net rental income or loss
total $23,000 · related or exempt $23,000
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$51,697
-
8a · Fundraising events: contributions included on line 1c
$336,520
-
8b · Fundraising events: direct expenses
$93,107
-
8c · Net income from fundraising events
total -$41,410
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$45,504
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $307,615 · program services $307,615
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $183,030 · program services $116,759 · management and general $29,433 · fundraising $36,838
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,258,775 · program services $799,454 · management and general $204,532 · fundraising $254,789
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $253,238 · program services $165,248 · management and general $38,524 · fundraising $49,466
-
10 · Payroll taxes
total $114,423 · program services $74,666 · management and general $17,406 · fundraising $22,351
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $221,090 · program services $120,147 · management and general $66,237 · fundraising $34,706
-
12 · Advertising and promotion
total $22,743 · management and general $2,618 · fundraising $20,125
-
13 · Office expenses
total $102,975 · program services $86,140 · management and general $8,346 · fundraising $8,489
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $80,438 · program services $60,797 · management and general $8,217 · fundraising $11,424
-
17 · Travel
total $729 · program services $282 · management and general $270 · fundraising $177
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,920 · program services $2,978 · management and general $1,142 · fundraising $1,800
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $4,787 · program services $4,746 · management and general $17 · fundraising $24
-
23 · Insurance
total $8,419 · program services $2,618 · management and general $2,427 · fundraising $3,374
-
24a · Other expenses: Program Activities
total $373,719 · program services $368,319 · fundraising $5,400
-
24b · Other expenses: Postage and Shipping
total $2,939 · program services $1,086 · management and general $134 · fundraising $1,719
-
24c · Other expenses: Dues & Membership
total $425 · program services $83 · management and general $11 · fundraising $331
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,216,679 · end of year $2,335,787
-
2 · Savings and temporary cash investments
end of year $1,010,944
-
3 · Pledges and grants receivable
beginning of year $1,542,163 · end of year $885,624
-
4 · Accounts receivable
beginning of year $29,263 · end of year $249,513
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $3,108,525 · end of year $3,108,525
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $62,550 · end of year $63,894
-
10a · Land, buildings and equipment: cost or other basis
$149,259
-
10b · Land, buildings and equipment: accumulated depreciation
$6,720
-
10c · Land, buildings and equipment, net
beginning of year $160,045 · end of year $142,539
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $266,255 · end of year $413,273
-
17 · Accounts payable and accrued expenses
beginning of year $297,731 · end of year $278,961
-
25 · Other liabilities
beginning of year $130,662 · end of year $113,906
-
27 · Net assets without donor restrictions
beginning of year $6,116,890 · end of year $5,681,835
-
28 · Net assets with donor restrictions
beginning of year $2,840,197 · end of year $2,135,397
Mission and programs · 2023
Mission
To promote a collaborative community centered on quality housing, education, health, wellness, & opportunity.
-
Workforce Development and Adult Education aids participants on a path of upward mobility through one on one-career coaching, skilled trades, resume writing, career development and enhance skill or education development. In addition, supporting existing career readiness programs including digital and financial literacy. 25 individuals graduated from She Built This City. Participants saw an average increase of 126% in their knowledge and skills and by the end of the program had an average skill mastery rate of 79%.Programming opportunities that provide a positive educational trajectory focusing on birth to K learning. Students from the 2022-2023 NC Pre-K class had an average growth rate of 58.7% from the beginning to the end of the year. On average, students demonstrated mastery in 59.2% of the skills. Programming opportunities that provide a positive educational trajectory focusing on skill and character building, increase in test scores, and students coming to school prepared throughout the educational continuum from birth through postsecondary education and career attainment. For the 2022-2023 school year, 100% RWSA students met or exceeded growth. On average, 43% of students were at or above grade level proficiency, compared to 55% of all CMS students. RWSA also moved from an F grade school to a D.Health resources include health care providers, chronic disease management, wellness programs and mental health services. We had 119 individuals attend our annual health resource fair.Case Management is a working requirement program. Participants agree to work requirements and other expectations in order to create self-sufficiency. Case Management also has an older adult focus that creates a thriving senior population through programming focused on mental and physical wellness, leadership and resources assistance. 86% of the participants maintained or increase their income.Life Navigation program is voluntary program that offers personalized coaching and mentoring supportive service that partner with participants to guide families to set realistic goals for success and self-sufficiency achievement. The employment rate for 2023 participants increased 12% from 67% in 2022 to 75% in 2023.
Expenses $2,110,938 · Grants $307,615
As filed on the 2023 return.
Listed in Part VII
-
William M McDonald Jr
CEO
- Total calculated
- $183,030
- From this org
- $153,486
- From related orgs
- $0
- Other
- $29,544
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,267
- Bonus
- $19,219
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $29,544
- Filer's total
- $183,030
-
Trent Legare
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Renee Kosofsky
Vice Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Clare Jansson
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Stuart Sherrill
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Dante Anderson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Crystal Byrd
Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Coe
Member
- Total calculated
- $0
- Hours/week
- 1
-
Michelle Elam
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mark Ethridge
Member
- Total calculated
- $0
- Hours/week
- 1
-
Anthony Fox
Member
- Total calculated
- $0
- Hours/week
- 1
-
Haley Gentry
Member
- Total calculated
- $0
- Hours/week
- 1
-
Matt Hawkins
Member
- Total calculated
- $0
- Hours/week
- 1
-
David Howard
Member
- Total calculated
- $0
- Hours/week
- 1
-
Cindy Praeger
Member
- Total calculated
- $0
- Hours/week
- 1
-
Robin Stuart
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jessie Wei
Member
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Renaissance Child Development Center
501(c)3 · Early childhood education · NC · controlled entity
Directly controlled by Renaissance West Community Initative
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403119349303410
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