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Restore Hope Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 811068852 ✦ Little rock, AR ✦ Designated as a 501(c)(3)

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Overview

What is Restore Hope Inc?

Restore Hope Inc is a nonprofit organization situated in Little Rock, Arkansas, with a focus on minimizing the consequences of adult incarceration and the impact of foster care on children. With a team of 56 dedicated individuals, their mission is to implement community-based solutions that aim to alleviate these challenges. They strive to provide support and resources to help adults transition back into society after incarceration and to improve the well-being of children in foster care. Their work is instrumental in promoting a more equitable and supportive community for all its members.


Official website here: www.restorehopear.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Stars)

Restore Hope Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. The overall score reflects multiple beacons, with notable strengths particularly in the Accountability & Finance category, where they scored 96%. This indicates effective financial management practices and a well-structured oversight mechanism, evidenced by their comprehensive audit and conflict of interest policies.

The organization demonstrates exceptional governance with a completely independent board, showcasing their commitment to ethical standards and organizational integrity. Furthermore, Restore Hope Inc excels in community engagement and organizational culture, both receiving perfect scores. This highlights their effective communication with stakeholders and a strong emphasis on inclusivity and collaboration within the community they serve.

However, while the financial and cultural aspects of the organization are commendable, the Leadership & Adaptability score is also perfect, indicating a well-prepared organization for future challenges. Overall, Restore Hope Inc stands out as a highly rated nonprofit with a solid operational foundation, though continued attention to leadership and adaptability will be essential for sustained impact.


This AI summary has been generated from information found on Charity Navigator.

Is Restore Hope Inc legitimate?

Restore Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restore Hope 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: $1,432,110

For more financial information, click here


Official website here: www.restorehopear.org

What is the mission statement of Restore Hope Inc?

Restore Hope Inc's mission is centered around advancing community-based solutions. This endeavor primarily focuses on two key areas: reducing the consequences of adult incarceration and mitigating the impact of foster care on children. By implementing these community-driven strategies, Restore Hope Inc aims to contribute positively to these affected individuals' lives.


Official website here: www.restorehopear.org

Who is the CEO of Restore Hope Inc?

Paul Chapman is the Executive Di of Restore Hope Inc.


Official website here: www.restorehopear.org

What is the revenue of Restore Hope Inc?

Restore Hope Inc's revenue in 2022 was $2,876,064.


Official website here: www.restorehopear.org

Who are the executives of Restore Hope Inc and what are their salaries?

The average compensation at Restore Hope Inc during 2022 was $25,573. There are 56 employees at Restore Hope Inc.


Here are 3 key members and their salaries:


Paul Chapman (Executive Di)
  • Compensation: $183,250
  • Related: $0
  • Other: $0
Ted Dickey (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Dillard Iii (Chair Person)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.restorehopear.org

Where can I find the form 990 for Restore Hope Inc?

Restore Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.restorehopear.org

Learn more at the official website: www.restorehopear.org

Mission Statement of Restore Hope Inc

Restore Hope Inc, a nonprofit organization, is dedicated to advancing community-based solutions that aim to mitigate the repercussions of incarceration for adults and the influence of foster care on children. Their mission is centered around reducing the negative impacts that both these circumstances can have on individuals and families. By implementing community-focused strategies, Restore Hope Inc seeks to foster an environment where individuals can rebuild their lives and families can thrive, despite the challenges posed by incarceration and foster care. The organization's efforts are geared towards creating sustainable solutions that empower individuals and families to overcome adversity, ultimately leading to stronger communities.

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Impact




July, 2024

Restore Hope Inc aims to reduce the negative effects of incarceration on adults and the impact of foster care on children by advancing community-based solutions. Through its human services initiatives in Little Rock, Arkansas, this organization is actively working towards creating a more supportive environment for individuals affected by these systems. Their impact is felt through the implementation of programs and services that address the root causes of these issues, offering hope and empowerment to those in need.




This information is meant to be a general summary of Restore Hope 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.

Revenue
$2,876,064 (2022)
Expenses
$2,644,273 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $2,876,064

Assets and Liabilities:

  • Total Assets: $781,086
  • Total Liabilities: $259,308
  • Net Assets: $521,778

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Organization Details

Founding Year

2016

Principal Officer

Paul Chapman

Main Address

1400 WEST MARKHAM STREET STE 300, LITTLE ROCK, AR, 72202

NTEE Category

Code: P50 - Human services

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