Civic Intelligence

Raising Hope Inc.

990 • Fiscal year 2020 • EIN 37-1460341

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 22, 2021

Organization ProfileRAISINGHOPEINC.ORG
109 Dabo StreetProvidence, RI 02907

(401) 316-1057

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.45x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

68th percentile

0.18x

Higher debt load relative to revenue than 68% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

70th percentile

19%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

99th percentile

927%

Faster asset growth than 99% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

90th percentile

72%

Faster revenue growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$336,872

Up $304,069 (+927%) from 2019

Net Assets

Up

$184,641

Up $158,580 (+608%) from 2019

Liabilities

Up

$152,231

Up $145,489 (+2158%) from 2019

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin70th percentile

Revenue

Up

$826,865

Up $347,423 (+72%) from 2019

Expenses

Up

$668,285

Up $206,847 (+45%) from 2019

Net Income

Up

$158,580

Up $140,576 (+781%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $4,276Net Assets 2010: $4,2762010Assets 2012: $4,205Net Assets 2012: $4,2052012Assets 2013: $3,888Net Assets 2013: $3,8882013Assets 2014: $3,144Net Assets 2014: $3,1442014Assets 2015: $2,777Net Assets 2015: $2,7772015Assets 2016: $891Net Assets 2016: $8912016Assets 2017: $9,437Net Assets 2017: $9,4372017Assets 2019: $32,803Liabilities 2019: $6,742Net Assets 2019: $26,0612019Assets 2020: $336,872Liabilities 2020: $152,231Net Assets 2020: $184,6412020Assets 2021: $399,339Liabilities 2021: $55,729Net Assets 2021: $343,6102021Assets 2022: $746,044Liabilities 2022: $60,154Net Assets 2022: $685,8902022Assets 2023: $541,480Liabilities 2023: $27,500Net Assets 2023: $513,9802023Assets 2024: $340,294Liabilities 2024: $0Net Assets 2024: $340,2942024

Highlighted filing

2020

Assets$336,872
Liabilities$152,231
Net Assets$184,641
Open 2020 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $44,922Expenses 2010: $43,770Net Income 2010: $1,1522010Revenue 2012: $12,829Expenses 2012: $17,016Net Income 2012: -$4,1872012Revenue 2013: $5,000Expenses 2013: $5,317Net Income 2013: -$3172013Revenue 2014: $5,000Expenses 2014: $5,320Net Income 2014: -$3202014Revenue 2015: $8,485Expenses 2015: $7,344Net Income 2015: $1,1412015Revenue 2016: $13,950Expenses 2016: $13,329Net Income 2016: $6212016Revenue 2017: $16,375Expenses 2017: $7,829Net Income 2017: $8,5462017Revenue 2019: $479,442Expenses 2019: $461,438Net Income 2019: $18,0042019Revenue 2020: $826,865Expenses 2020: $668,285Net Income 2020: $158,5802020Revenue 2021: $898,696Expenses 2021: $743,299Net Income 2021: $155,3972021Revenue 2022: $1,311,261Expenses 2022: $968,981Net Income 2022: $342,2802022Revenue 2023: $1,213,397Expenses 2023: $1,195,256Net Income 2023: $18,1412023Revenue 2024: $1,160,503Expenses 2024: $1,219,857Net Income 2024: -$59,3542024

Highlighted filing

2020

Revenue$826,865
Expenses$668,285
Net Income$158,580
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 22, 2021
Return Version
2020v4.0
Gross Receipts
$826,865
Mission and Program Overview

Mission

Afterschool/out-of-school activ

To provide homecare and family services to the eldrly persons and individuals with disability and to provide youth development activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$223,940-
Rtn Earn Endowment Incm Other Fnds$26,061$184,641▲ $158,580
Cash and Non-Interest-Bearing Accounts$32,803$112,932▲ $80,129
Loans From Officers Directors$6,742$6,742→ $0
Total Assets$32,803$336,872▲ $304,069
Liabilities
Unsecured Notes Loans Payable-$145,489-
Total Liabilities$6,742$152,231▲ $145,489
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,061$184,641▲ $158,580
Total Net Assets Fund Balance$26,061$184,641▲ $158,580
Total Liabilities and Net Assets / Fund Balance$32,803$336,872▲ $304,069

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$167,910$180-
Other Land Buildings-$5,587-
Land$56,030--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Rochelle LeeChairman
F DomondDirector
F MythilDirector
Gordie DanielsDirector
Issac OgbomoExec Director
M Ighile-ojoSecretary
A OlagunjuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,233
Program Service Revenue
$821,632
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$158,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$600,176
Other Expenses$68,109
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$465,941--$465,941
Current Officers, Directors, Trustees, and Key Employees$84,646--$84,646
Payroll Taxes$49,589--$49,589
Fees for Services Other$15,969--$15,969
All Other Expenses$12,314--$12,314
Other Expenses$11,632--$11,632
Occupancy$10,472--$10,472
Insurance$8,203--$8,203
Office Expenses$3,860--$3,860
Fees for Services Accounting$3,754--$3,754
Advertising$380--$380
Depreciation Depletion$180--$180
Total Functional Expenses$668,285$0$0$668,285
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$6,742$6,742→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990-part VI-secb-line12

“The following ways- 1 it ensures that board members and officers acknowledge receipt and understanding of its conflict of interest policy 2.it encourage and monitors disclosure of transactions”

Form 990-part VI-line-12C-continued

“May give rise to conflict of interest. 3.board members and officers are required to certify that they have not engaged in any transactions that may result”

Form 990-part VI-line-12C-continued

“IN CONFLICT OF INTEREST.”

Form 990-part VI-line-15B

“Compensation is determined based on thorough analysis and review of wages paid to officers of similar nonprofit agencies in the state and must be approved by the board.”

Filing and Contact Details

Filer

Filer Name
Raising Hope Inc
EIN
37-1460341
Address
109 DABO STREET, PROVIDENCE, RI 02907

Signing Officer

Name
Isaac Ogbomo
Title
Executive Director
Signed
2021-04-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isaac Ogbomo
Formed
2003
Legal Domicile
Ri
Voting Board Members
7
Independent Board Members
6
Employees
54

Preparer

Firm
Rcm Tax Services Inc
Address
1210 HYDE PARK AVENUE, HYDE PARK, MA 02136
Preparer
Raphael C Okoye CPA
Phone
6173339754
Supplemental Narrative

Additional Explanations

Form 990-partvi-secb-line-12

“The governing instrument,conflict of interest policies and financial statements are made available to the public upon request and are disclosed on the organization's website. It monitors compliance with conflict of interest policy in”

Form 990-partiv Line-11B

“Form 990 is reviewed by the finance committee and the board prior to filing.”

Form 990 Page 1-part111 Line26

“Liablities-loan from sba total-$145,589”

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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0826865
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt026061
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0184641
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0826865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0479442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt061288
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt016375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt013950
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01397920
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt01397920
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0826865
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0479442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt061288
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt016375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt013950
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01397920
IRS990ScheduleA/TotalSupportAmt01397920
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0167910
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0180
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0168090
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt056030
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt056030
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05587
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt05587
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0223940
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt06742
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt06742
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0ISAAC OGBOMO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt06742
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING INSTRUMENT,CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND ARE DISCLOSED ON THE ORGANIZATION'S WEBSITE. IT MONITORS COMPLIANCE WITH CONFLICT OF INTEREST POLICY IN
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOLLOWING WAYS- 1 IT ENSURES THAT BOARD MEMBERS AND OFFICERS ACKNOWLEDGE RECEIPT AND UNDERSTANDING OF ITS CONFLICT OF INTEREST POLICY 2.IT ENCOURAGE AND MONITORS DISCLOSURE OF TRANSACTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MAY GIVE RISE TO CONFLICT OF INTEREST. 3.BOARD MEMBERS AND OFFICERS ARE REQUIRED TO CERTIFY THAT THEY HAVE NOT ENGAGED IN ANY TRANSACTIONS THAT MAY RESULT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS DETERMINED BASED ON THOROUGH ANALYSIS AND REVIEW OF WAGES PAID TO OFFICERS OF SIMILAR NONPROFIT AGENCIES IN THE STATE AND MUST BE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LIABLITIES-LOAN FROM SBA TOTAL-$145,589
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-PARTVI-SECB-LINE-12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-PART VI-SECB-LINE12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-PART VI-LINE-12C-CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-PART VI-LINE-12C-CONTINUED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-PARTIV LINE-11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-PART VI-LINE-15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PAGE 1-PART111 LINE26
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0RI
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt032803
IRS990/TotalAssetsEOYAmt0336872
IRS990/TotalAssetsGrp/BOYAmt032803
IRS990/TotalAssetsGrp/EOYAmt0336872
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05233
IRS990/TotalEmployeeCnt054
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0668285
IRS990/TotalFunctionalExpensesGrp/TotalAmt0668285
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt06742
IRS990/TotalLiabilitiesEOYAmt0152231
IRS990/TotalLiabilitiesGrp/BOYAmt06742
IRS990/TotalLiabilitiesGrp/EOYAmt0152231
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026061
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0184641
IRS990/TotalProgramServiceExpensesAmt0668285
IRS990/TotalProgramServiceRevenueAmt0821632
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0821632
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0826865
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032803
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0336872
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0145489
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 DABO STREET
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002907
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0RAISINGHOPEINC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ISAAC OGBOMO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RAISING HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0RAIS
ReturnHeader/Filer/EIN0371460341
ReturnHeader/Filer/USAddress/AddressLine1Txt0109 DABO STREET
ReturnHeader/Filer/USAddress/CityNm0PROVIDENCE

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$336,872
Liabilities
$152,231
Net assets
$184,641
Revenue
$826,865
Expenses
$668,285
Net income
$158,580
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$1.16$1.22$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.54$0.03$0.51$1.21$1.20$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.06$0.69$1.31$0.97$0.34
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.06$0.34$0.90$0.74$0.16
2020Detailed filing. Detailed filing data is available for this year.$0.34$0.15$0.18$0.83$0.67$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.03$0.48$0.46$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.01$0.01$0.02$0.01$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.01$0.01$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.01$0.02$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.04$0.04$0.00