Civic Intelligence

Resources of Hope Inc

EIN 83-0840230 • 501(c)3 • Whiteland, IN

Profile

We know that 50% of foster parents quit after their first year fostering or first placement. Our programs are designed to walk alongside foster parents and support them however we can to help them foster longer while empowering them to be more equip to handle the kids in their care.

309 E Main St Suite BWhiteland, IN 46184

www.resourcesofhope.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

25th percentile

-17%

Higher net margin than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$33,600

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

37th percentile

-11%

Faster asset growth than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-32%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$200,695

Down $25,773 (-11%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$200,695

Down $25,773 (-11%) from 2023

Revenue

Down

$148,859

Down $69,721 (-32%) from 2023

Expenses

Up

$174,632

Up $55,107 (+46%) from 2023

Net Income

Down

-$25,773

Down $124,828 (-126%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2021: $92,848Liabilities 2021: $0Net Assets 2021: $94,5352021Assets 2022: $127,413Net Assets 2022: $127,4132022Assets 2023: $226,468Liabilities 2023: $0Net Assets 2023: $226,4682023Assets 2024: $200,695Net Assets 2024: $200,6952024

Highlighted filing

2024

Assets$200,695
Liabilities-
Net Assets$200,695

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2021: $91,616Expenses 2021: $26,549Net Income 2021: $65,0672021Revenue 2022: $128,143Expenses 2022: $93,578Net Income 2022: $34,5652022Revenue 2023: $218,580Expenses 2023: $119,525Net Income 2023: $99,0552023Revenue 2024: $148,859Expenses 2024: $174,632Net Income 2024: -$25,7732024

Highlighted filing

2024

Revenue$148,859
Expenses$174,632
Net Income-$25,773

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 23, 2025
Return Version
2024v5.0
Gross Receipts
$167,193
Mission and Program Overview

Mission

Resources of Hope is a 501c3 organization dedicated to providing resources to meet the physical and emotional needs of foster youth in Central Indiana.

We know that 50% of foster parents quit after their first year or first placement. Our programs are designed to walk alongside foster parents and support them however we can to help them foster longer while empowering them to be more equip to handle the kids in their care.

Program Services

DescriptionGrantsExpenses
ALL OTHER ACTIVITIES RELATED TO THE OVERALL PURPOSE OF PROVIDING UNWAVERING SUPPORT AND ESSENTIAL RESOURCES TO YOUTH IN FOSTER AND KINSHIP CARE.-$114,619
THE CLOTHING CLOSET IS THE BIGGEST PROGRAM TO RESOURCES OF HOPE. MORE TIMES THEN NOT, WHEN KIDS ENTER INTO FOSTER CARE THEIR ONLY POSSESSIONS ARE THE CLOTHES ON THEIR BACK. AT THE CLOTHING CLOSET EACH CHILD RECEIVES UP TO TWO WEEEKS OF CLOTHING, SOCKS, SHOES, UNDERWEAR, DIAPERS, WIPES, CAR SEATS, CRIBS, BEDDING, TOYS, HYGIENE PRODUCTS, ETC.-$35,418
TEEN CONNECT IS OUR SECOND LARGEST PROGRAM. WE MEET WEEKLY WITH YOUTH AGES 12-17 THAT ARE CURRENTLY IN FOSTER/KINSHIP CARE OR THOSE ADOPTED FROM IT. AT ALL OF OUR EVENTS, WE ENGAGE IN DINNER AND CONVERSATION. WE ALSO HAVE PLANNED ACTIVITY OF INTEREST TO THE TEENS WHILE TEACHING VALUABLE LIFE SKILLS. THE GOAL OF TEEN CONNECT IS INSPIRATION, PERSONAL ADVANCEMENT AND EMPOWERMENT. WE BELIEVE THAT THESE GOALS CAN BE ACHIEVED THROUGH ENGAGING ACTIVITIES AND RELATIONSHIPS WITH OTHERS IN A POSITIVE ATMOSPHERE.-$7,377
IN ORDER TO MAINTAIN YOUR FOSTER LICENSE, YOU NEED TO HAVE A CERTAIN NUMBER OF DCS APPROVED TRAINING HOURS. WE OFFER MONTHLY FOSTER PARENT TRAININGS. ALL OF OUR TRAININGS ARE APPROVED BY INDIANA DEPARTMENT OF CHILD SERVICES TO MEET THEIR CREDENTIALS. PREVIOUS TRAININGS HAVE INCLUDED: CARING FOR ETHNIC HAIR, QPR - SUICIDE PREVENTION, CPR, TRAUMA BASED CARE, COUPLES CONFLICT RESOLUTION.-$101
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RENAE FURNEEExecutive Di-$33,600-$33,600
NIKKOLE SEALExecutive As-$17,687-$17,687
SHANNON PIERCEOperations M-$14,899-$14,899
TONY BADOLATOBoard Presid-$0--
RANDY SPACHTTreasurer-$0--
EMILY ELLISSecretary-$0--
AMY MCCALLBoard Member-$0--
ERIC SMITHBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$58,389$58,389$2,038$56,351
Total Events$58,389$58,389$10,732$47,657
Filing and Contact Details

Filer

Filer Name
Resources of Hope Inc
EIN
83-0840230
Phone
3173004757
Address
309 E MAIN ST SUITE B, WHITELAND, IN 46184

Signing Officer

Name
Renae Furnee
Title
Executive Director
Phone
7034311944
Signed
2025-06-23
Discuss with paid preparer
Yes

Preparer

Firm
Jones & Anderson CPA Group
Address
198 N MAIN ST, FRANKLIN, IN 46131-1721
Preparer
C Allen Anderson CPA
Phone
3177366500
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Other income 1,218 total 1,218

Form 990-ez, Part I, Line 16

Gala other fundraising expense 17,117 expenses marketing 1,281 office supplies 1,876 software 2,275 insurance 4,548 program expenses 42,896 telephone 1,353 bank fees 973 volunteer appreciation 499 community outreach 523 grounds maintenance 913 cc processing fees 262 staff appreciation 72 rounding -2 total 74,586

Form 990-ez, Part III

We know that 50% of foster parents quit after their first year or first placement. Our programs are designed to walk alongside foster parents and support them however we can to help them foster longer while empowering them to be more equip to handle the kids in their care.

Form 990-ez, Part III, Line 28

The clothing closet is the biggest program to resources of hope. More times then not, when kids enter into foster care their only possessions are the clothes on their back. At the clothing closet each child receives up to two weeeks of clothing, socks, shoes, underwear, diapers, wipes, car seats, cribs, bedding, toys, hygiene products, etc.

Form 990-ez, Part III, Line 29

Teen connect is our second largest program. We meet weekly with youth ages 12-17 that are currently in foster/kinship care or those adopted from it. At all of our events, we engage in dinner and conversation. We also have planned activity of interest to the teens while teaching valuable life skills. The goal of teen connect is inspiration, personal advancement and empowerment. We believe that these goals can be achieved through engaging activities and relationships with others in a positive atmosphere.

Form 990-ez, Part III, Line 30

In order to maintain your foster license, you need to have a certain number of dcs approved training hours. We offer monthly foster parent trainings. All of our trainings are approved by indiana department of child services to meet their credentials. Previous trainings have included: caring for ethnic hair, qpr - suicide prevention, cpr, trauma based care, couples conflict resolution.

Form 990-ez, Part III, Line 31

All other activities related to the overall purpose of providing unwavering support and essential resources to youth in foster and kinship care.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WE KNOW THAT 50% OF FOSTER PARENTS QUIT AFTER THEIR FIRST YEAR OR FIRST PLACEMENT. OUR PROGRAMS ARE DESIGNED TO WALK ALONGSIDE FOSTER PARENTS AND SUPPORT THEM HOWEVER WE CAN TO HELP THEM FOSTER LONGER WHILE EMPOWERING THEM TO BE MORE EQUIP TO HANDLE THE KIDS IN THEIR CARE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CLOTHING CLOSET IS THE BIGGEST PROGRAM TO RESOURCES OF HOPE. MORE TIMES THEN NOT, WHEN KIDS ENTER INTO FOSTER CARE THEIR ONLY POSSESSIONS ARE THE CLOTHES ON THEIR BACK. AT THE CLOTHING CLOSET EACH CHILD RECEIVES UP TO TWO WEEEKS OF CLOTHING, SOCKS, SHOES, UNDERWEAR, DIAPERS, WIPES, CAR SEATS, CRIBS, BEDDING, TOYS, HYGIENE PRODUCTS, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEEN CONNECT IS OUR SECOND LARGEST PROGRAM. WE MEET WEEKLY WITH YOUTH AGES 12-17 THAT ARE CURRENTLY IN FOSTER/KINSHIP CARE OR THOSE ADOPTED FROM IT. AT ALL OF OUR EVENTS, WE ENGAGE IN DINNER AND CONVERSATION. WE ALSO HAVE PLANNED ACTIVITY OF INTEREST TO THE TEENS WHILE TEACHING VALUABLE LIFE SKILLS. THE GOAL OF TEEN CONNECT IS INSPIRATION, PERSONAL ADVANCEMENT AND EMPOWERMENT. WE BELIEVE THAT THESE GOALS CAN BE ACHIEVED THROUGH ENGAGING ACTIVITIES AND RELATIONSHIPS WITH OTHERS IN A POSITIVE ATMOSPHERE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN ORDER TO MAINTAIN YOUR FOSTER LICENSE, YOU NEED TO HAVE A CERTAIN NUMBER OF DCS APPROVED TRAINING HOURS. WE OFFER MONTHLY FOSTER PARENT TRAININGS. ALL OF OUR TRAININGS ARE APPROVED BY INDIANA DEPARTMENT OF CHILD SERVICES TO MEET THEIR CREDENTIALS. PREVIOUS TRAININGS HAVE INCLUDED: CARING FOR ETHNIC HAIR, QPR - SUICIDE PREVENTION, CPR, TRAUMA BASED CARE, COUPLES CONFLICT RESOLUTION.
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