Civic Intelligence

Restore Hope Resources Inc

990 • Fiscal year 2022 • EIN 82-0637886

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 26, 2023

Organization ProfileN/A
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

61st percentile

0.00x

Higher debt load relative to assets than 61% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

23rd percentile

-13%

Higher net margin than 23% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$143,148

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 39.7% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

14th percentile

-36%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-8.2%

Faster revenue growth than 33% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$82,868

Down $46,970 (-36%) from 2021

Net Assets

Down

$82,696

Down $47,142 (-36%) from 2021

Liabilities

Up

$172

Up $172 from 2021

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin23rd percentile

Revenue

Down

$360,318

Down $32,287 (-8.2%) from 2021

Expenses

Up

$407,460

Up $18,748 (+4.8%) from 2021

Net Income

Down

-$47,142

Down $51,035 (-1311%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

2022

Assets$82,868
Liabilities$172
Net Assets$82,696
Open 2022 Filing

Operations Trend

Revenue Growth33rd percentile

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

2022

Revenue$360,318
Expenses$407,460
Net Income-$47,142
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 26, 2023
Return Version
2022v5.0
Gross Receipts
$360,318
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 2022 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$129,838$52,868▼ $76,970
Pledges and Grants Receivable$0$30,000▲ $30,000
Total Assets$129,838$82,868▼ $46,970
Liabilities
Accounts Payable and Accrued Expenses$0$172▲ $172
Total Liabilities$0$172▲ $172
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$129,838$82,696▼ $47,142
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$129,838$82,696▼ $47,142
Total Liabilities and Net Assets / Fund Balance$129,838$82,868▼ $46,970
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert MeierPresidentFT$121,488$21,660$143,148
Marisa MeierSVP OperationsFT$110,000$16,250$126,250
Robert TuohySupported Employment Job CoachPT$1,894-$1,894

Board Members and Trustees

NameTitle
David ReisingerOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,107
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$5,211
All Other Contributions
$355,107
Change in Net Assets
$-47,142
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$328,578
Other Expenses$78,882
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$162,042$69,446$0$231,488
Other Salaries and Wages$38,524$0$0$38,524
Pension Plan Contributions$26,537$11,373$0$37,910
All Other Expenses$28,182$0$0$28,182
Payroll Taxes$15,343$5,313$0$20,656
Fees for Services Other$19,798$0$0$19,798
Insurance$8,334$0$0$8,334
Information Technology$7,099$0$0$7,099
Office Expenses$5,247$0$0$5,247
Advertising$2,741$0$0$2,741
Fees for Services Accounting$1,141$0$0$1,141
Other Expenses$969$0$0$969
Travel$630$0$0$630
Total Functional Expenses$321,328$86,132$0$407,460
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 by 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 nonprofits 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
2023-06-26
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
31
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, Part XII, Line 2B

“While Restore Hope Resources did not have a financial audit, an audit of this 990, as well as their previous 2 990's were completed. The Law Office of Karim H Hanafy audited the FY2020, FY2021 and FY2022 990's. Their address is 2412 Trenton Park Ln, Raleigh, NC 27607. Their telephone number is 571-226-6489.”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0390411
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0373706
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01119224
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05211
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02194
IRS990ScheduleA/OtherIncome170Grp/TotalAmt07405
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01119224
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0355107
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0390411
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0373706
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01119224
IRS990ScheduleA/TotalSupportAmt01126629
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/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The President and SVP Operations are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 form and schedules are compiled by an independent CPA, and reviewed by all board members to ensure information is accurate.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2We 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/ExplanationTxt3We look at comparable services by comparable enterprises, and look at comparable circumstances for other nonprofits in the same business area.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Restore Hope Resources' governing documents, conflicts of interest policy, 990's and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5While Restore Hope Resources did not have a financial audit, an audit of this 990, as well as their previous 2 990's were completed. The Law Office of Karim H Hanafy audited the FY2020, FY2021 and FY2022 990's. Their address is 2412 Trenton Park Ln, Raleigh, NC 27607. Their telephone number is 571-226-6489.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2b
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0129838
IRS990/TotalAssetsEOYAmt082868
IRS990/TotalAssetsGrp/BOYAmt0129838
IRS990/TotalAssetsGrp/EOYAmt082868
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0355107
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt086132
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0321328
IRS990/TotalFunctionalExpensesGrp/TotalAmt0407460
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt0172
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0172
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0129838
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt082696
IRS990/TotalOtherCompensationAmt037910
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0321328
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0233382
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05211
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0360318
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt082868
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0630
IRS990/TravelGrp/TotalAmt0630
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt05318 Brett Circle
IRS990/USAddress/CityNm0Sebring
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033872
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Meier
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum08634512997
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-26
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/IRSResponsiblePrtyInfoCurrInd01
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/PreparationDt02023-06-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Adam Baker
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-07-26T13:54:51-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$82,868
Liabilities
$172
Net assets
$82,696
Revenue
$360,318
Expenses
$407,460
Net income
-$47,142
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.89$5.17$4.97$0.20
2024Detailed filing. Detailed filing data is available for this year.$0.69$0.01$0.68$3.93$3.92$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$3.44$3.29$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$3.60$4.07$0.47
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$3.93$3.89$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$3.74$2.78$0.96
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$1.66$1.52$0.14
2018Summary only. Only limited summary data is available for this year.$0.17$0.01$1.59$1.43$0.16
2017Summary only. Only limited summary data is available for this year.$0.00$0.00$0.06$0.06$0.00