Civic Intelligence

Restore Hope Resources Inc

990 • Fiscal year 2021 • EIN 82-0637886

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 15, 2022

134 North Ridgewood Drive Ste 6Sebring, FL 33870

(863) 451-2997

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

38th percentile

1.0%

Higher net margin than 38% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$108,906

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 27.7% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

46th percentile

3.1%

Faster asset growth than 46% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

51st percentile

5.1%

Faster revenue growth than 51% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$129,838

Up $3,893 (+3.1%) from 2020

Net Assets

Up

$129,838

Up $3,893 (+3.1%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$392,605

Up $18,899 (+5.1%) from 2020

Expenses

Up

$388,712

Up $111,168 (+40%) from 2020

Net Income

Down

$3,893

Down $92,269 (-96%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $1Liabilities 2017: $02017Assets 2018: $16,507Liabilities 2018: $5382018Assets 2019: $29,783Liabilities 2019: $0Net Assets 2019: $29,7832019Assets 2020: $125,945Liabilities 2020: $0Net Assets 2020: $125,9452020Assets 2021: $129,838Liabilities 2021: $0Net Assets 2021: $129,8382021Assets 2022: $82,868Liabilities 2022: $172Net Assets 2022: $82,6962022Assets 2023: $67,769Liabilities 2023: $528Net Assets 2023: $67,2412023Assets 2024: $68,990Liabilities 2024: $691Net Assets 2024: $68,2992024Assets 2025: $89,433Liabilities 2025: $691Net Assets 2025: $88,7422025

Highlighted filing

2021

Assets$129,838
Liabilities$0
Net Assets$129,838

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $5,531Expenses 2017: $5,531Net Income 2017: $02017Revenue 2018: $158,835Expenses 2018: $142,866Net Income 2018: $15,9692018Revenue 2019: $165,500Expenses 2019: $151,686Net Income 2019: $13,8142019Revenue 2020: $373,706Expenses 2020: $277,544Net Income 2020: $96,1622020Revenue 2021: $392,605Expenses 2021: $388,712Net Income 2021: $3,8932021Revenue 2022: $360,318Expenses 2022: $407,460Net Income 2022: -$47,1422022Revenue 2023: $343,559Expenses 2023: $329,020Net Income 2023: $14,5392023Revenue 2024: $393,153Expenses 2024: $392,095Net Income 2024: $1,0582024Revenue 2025: $517,288Expenses 2025: $496,845Net Income 2025: $20,4432025

Highlighted filing

2021

Revenue$392,605
Expenses$388,712
Net Income$3,893
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 15, 2022
Return Version
2021v4.0
Gross Receipts
$393,605
Mission and Program Overview

Mission

The purpose of restore hope resources is to assist jobless, disabled, homeless, unemployed, long-term unemployed and those generally in need with resources, such as job search preparation, employment placement, career training, job readiness training, resume writing, and interviewing, as well as tangible resources such as food, back to work clothes, referrals for housing, and job placement.

The purpose of Restore Hope Resources is to assist jobless, disabled, homeless, unemployed, long-term unemployed and those generally in need with resources, such as job search preparation, employment placement, career training, job readiness training, resume writing, and interviewing, as well as tangible resources such as food, back to work clothes, referrals for housing, and job placement. In addition to job placement and supported employment, we will run a retail e-commerce online store to sell retail goods to the general public and train disabled workers in job skills, such as customer service, retail and e-commerce. We will purchase and sell goods in accordance to benefit job skills training and donate work clothing and goods to disabled workers and those in need of clothing and supplies to become self sufficient. In 2021 alone, we helped place over 100 disabled individuals in permanent jobs and job training internships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$125,945$129,838▲ $3,893
Total Assets$125,945$129,838▲ $3,893
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125,945$129,838▲ $3,893
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$125,945$129,838▲ $3,893
Total Liabilities and Net Assets / Fund Balance$125,945$129,838▲ $3,893
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Robert MeierPresidentFT$108,906$108,906
Marisa MeierSVP OperationsFT$101,687$101,687
David ReisingerOfficer-$6,750$6,750
Robert TuohySupported Employment Job CoachPT$4,625$4,625
Revenue and Support

Revenue Composition

Contributions and Grants
$390,411
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,194
All Other Contributions
$0
Change in Net Assets
$3,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$322,776
Other Expenses$65,936
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$158,790$63,178$0$221,968
Other Salaries and Wages$58,810$0$0$58,810
Pension Plan Contributions$16,586$7,108$0$23,694
All Other Expenses$23,060$0$0$23,060
Payroll Taxes$14,185$4,119$0$18,304
Information Technology$16,772$0$0$16,772
Fees for Services Other$13,895$0$0$13,895
Insurance$6,192$0$0$6,192
Office Expenses$2,427$0$0$2,427
Advertising$1,427$0$0$1,427
Fees for Services Accounting$1,141$0$0$1,141
Travel$1,022$0$0$1,022
Total Functional Expenses$314,307$74,405$0$388,712
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Section A, Line 2

The President and SVP Operations are married.

Form 990, Part VI, Section B, Line 11B

The 990 form and schedules are compiled aby an independent CPA, and reviewed by all board members to ensure information is accurate.

Form 990, Part VI, Section B, Line 12C

We disclose all conflicts of interest; identify factors that may mitigate the likelihood of actual conflicts of interest; implement effective management strategies to minimize development of actual conflicts of interest; carefully review sponsorship and license terms.

Form 990, Part VI, Section B, Line 15

We look at comparable services by comparable enterprises, and look at comparable circumstances for other non profits in the same business area.

Form 990, Part VI, Section C, Line 19

Restore Hope Resources' governing documents, conflicts of interest policy, 990's and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Restore Hope Resources Inc
EIN
82-0637886
Phone
8634512997
Address
134 North Ridgewood Drive Ste 6, Sebring, FL 33870

Signing Officer

Name
Robert Meier
Title
President
Phone
8634512997
Signed
2022-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Meier
Formed
2017
Legal Domicile
Fl
Voting Board Members
3
Independent Board Members
3
Employees
29
Volunteers
0

Preparer

Firm
Adam Baker CPA
Address
32508 Turkey Loop, Underwood, MN 56586
Preparer
Adam Baker
Phone
3177482640
Supplemental Narrative

Additional Explanations

Form 990, Header, Line B

Payments that were made to Restore Hope Resources for their work were thought of as Program Revenue, but were in fact part of a grant from the State of Florida. As such, we have amended the Statement of Revenues section, as well as program achievements section. Schedule A was previously filled out correctly, as it pertains to the grant from the State of Florida.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Helped over 100 disabled job seekers find and maintain employment in 2021. Conducted job search skills, job readiness training, supported employment service, job shadowing, resume and interviewing assistance and employer follow up to help maintain and sustain employment. Offered job skills training programs and other services to help obtain employment (such as assistance with transportation, background screening, assistance getting certifications needed for work.
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IRS990/MissionDesc0The purpose of Restore Hope Resources is to assist jobless, disabled, homeless, unemployed, long-term unemployed and those generally in need with resources, such as job search preparation, employment placement, career training, job readiness training, resume writing, and interviewing, as well as tangible resources such as food, back to work clothes, referrals for housing, and job placement. In addition to job placement and supported employment, we will run a retail e-commerce online store to sell retail goods to the general public and train disabled workers in job skills, such as customer service, retail and e-commerce. We will purchase and sell goods in accordance to benefit job skills training and donate work clothing and goods to disabled workers and those in need of clothing and supplies to become self sufficient. In 2021 alone, we helped place over 100 disabled individuals in permanent jobs and job training internships.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Payments that were made to Restore Hope Resources for their work were thought of as Program Revenue, but were in fact part of a grant from the State of Florida. As such, we have amended the Statement of Revenues section, as well as program achievements section. Schedule A was previously filled out correctly, as it pertains to the grant from the State of Florida.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The President and SVP Operations are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 990 form and schedules are compiled aby an independent CPA, and reviewed by all board members to ensure information is accurate.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3We disclose all conflicts of interest; identify factors that may mitigate the likelihood of actual conflicts of interest; implement effective management strategies to minimize development of actual conflicts of interest; carefully review sponsorship and license terms.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4We look at comparable services by comparable enterprises, and look at comparable circumstances for other non profits in the same business area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Restore Hope Resources' governing documents, conflicts of interest policy, 990's and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Header, Line B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
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IRS990/USAddress/AddressLine1Txt05318 Brett Circle
IRS990/USAddress/CityNm0Sebring
IRS990/USAddress/StateAbbreviationCd0FL
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IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WhistleblowerPolicyInd01
ReasonableCauseExplanation/ExplanationTxt0The original Filing was filed on time. This is an amendment.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Meier
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08634512997
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RESTORE HOPE RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0REST
ReturnHeader/Filer/EIN0820637886
ReturnHeader/Filer/PhoneNum08634512997
ReturnHeader/Filer/USAddress/AddressLine1Txt0134 North Ridgewood Drive Ste 6
ReturnHeader/Filer/USAddress/CityNm0Sebring
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033870
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Adam Baker CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt032508 Turkey Loop
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Underwood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056586
ReturnHeader/PreparerPersonGrp/PhoneNum03177482640
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Adam Baker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-09-21T13:50:18-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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