Overview
What is Renovare Inc?
Renovare Inc is a nonprofit organization based in Denver, Colorado, with a focus on revitalizing the Christian church by fostering spiritual growth among its members. Through a two-year program called the Renovare Institute for Christian Spiritual Formation, they engage participants in a comprehensive exploration of essential spiritual concepts. In the recent fiscal year, due to COVID-19 travel restrictions, some cohorts had to adapt their schedules, but all managed to complete their programs. The Chicago cohort finished in August 2021, while the Charlotte cohort completed year 1 in July 2021 and year 2 this year, with retreats in November 2021 and June 2022. The most recent cohort in Phoenix has 46 students, who have completed year 1. Renovare Inc employs a team of 9 individuals, dedicated to this mission.
Official website here: www.renovare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
Renovare Inc has received a two-star rating from Charity Navigator, indicating that while the organization demonstrates strong accountability and finance practices, there are significant areas for improvement. The organization scores perfectly on aspects like having a majority of independent board members and a favorable liabilities to assets ratio. Their program expense ratio is also commendable at 81.41%, suggesting a strong focus on programmatic spending.
However, the nonprofit faces notable challenges in financial transparency, evidenced by a score of zero for financial statements and several other transparency-related policies. The absence of a whistleblower policy and issues with document retention and destruction policies also highlight potential governance weaknesses. While the organization has some strong governance metrics, these limitations could raise concerns for potential donors regarding oversight and operational integrity.
Overall, while Renovare Inc excels in some financial accountability areas, the lack of transparency and governance policies may hinder donor confidence and support. Addressing these issues could greatly enhance their standing and efficacy in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Renovare Inc legitimate?
Renovare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renovare Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $662,406
For more financial information, click here
Official website here: www.renovare.org
What is the mission statement of Renovare Inc?
Renovare Inc's mission is centered around renewing the Christian church. This is achieved through the personal and corporate spiritual formation of its members. The organization offers a comprehensive two-year program, aiming to engage its participants deeply with core organizational concepts. Due to COVID-19 travel restrictions, some cohorts had to adjust their schedules, but they were able to complete the program with modified retreats. As of now, a new cohort in Phoenix is progressing through the program.
Official website here: www.renovare.org
Who is the CEO of Renovare Inc?
Tina Dyer is the Trustee of Renovare Inc.
Official website here: www.renovare.org
What is the revenue of Renovare Inc?
Renovare Inc's revenue in 2022 was $1,444,269.
Official website here: www.renovare.org
Who are the executives of Renovare Inc and what are their salaries?
The average compensation at Renovare Inc during 2022 was $73,601. There are 9 employees and 18 volunteers at Renovare Inc.
Here are 9 key members and their salaries:
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Official website here: www.renovare.org
Where can I find the form 990 for Renovare Inc?
Renovare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renovare.org
Learn more at the official website: www.renovare.org
Mission Statement of Renovare Inc
Renovare Inc, a nonprofit organization, is committed to renewing the Christian church. This renewal is achieved through the personal and corporate spiritual formation of its members. The organization provides an immersive two-year program, known as the Renovare Institute for Christian Spiritual Formation, to facilitate this transformation. The program offers an in-depth engagement with core organizational ideas, aiming to inspire spiritual growth and development among its participants. Despite challenges posed by the COVID-19 pandemic, the Chicago, Charlotte, and Phoenix cohorts have all made significant progress in their spiritual journeys. The Chicago cohort completed their program in August 2021, while the Charlotte and Phoenix cohorts finished their first and second years, respectively, in July 2021 and June 2022. Renovare Inc's mission is to empower individuals to deepen their spiritual lives, ultimately contributing to the revitalization and renewal of the Christian church as a whole.
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Impact
July, 2024
Renovare Inc's impact lies in its dedication to renewing the Christian church through the personal and corporate spiritual formation of its members. By offering a comprehensive two-year program through the Renovare Institute for Christian Spiritual Formation, Renovare Inc provides individuals with an in-depth interaction with core organizational ideas that lead to personal growth and transformation. Despite challenges faced during the COVID-19 pandemic, such as travel restrictions and program delays, Renovare Inc has successfully guided cohorts in Chicago, Charlotte, and Phoenix towards completing their spiritual formation journey. The organization's impact can be seen in the lives of the 42 students in the Charlotte cohort and the 46 students in the Phoenix cohort who have completed their program years with retreats and emerged with a deeper sense of spiritual connection and growth. Renovare Inc's commitment to fostering spiritual renewal within the Christian community is exemplified through its work with cohorts across different cities, demonstrating a tangible and lasting impact on its members and the wider church community.
This information is meant to be a general summary of Renovare Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,166
- Program Service Revenue: $630,893
- Gross Receipts: $1,459,947
Assets and Liabilities:
- Total Assets: $854,858
- Total Liabilities: $260,916
- Net Assets: $593,942
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Renovare Institute Tuition
Revenue
$437,250
Conference/Retreat Events Fees
Revenue
$60,950
Spiritual Formation Education
Revenue
$132,693
Organization Details
Founding Year
1988
Phone
(303) 745-1223Principal Officer
Tina Dyer
Main Address
PO Box 370090, Denver, CO, 80237
Website
www.renovare.orgNTEE Category
Code: X20 - Religion related
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