Overview
What is Renu Hope Foundation?
Renu Hope Foundation is a nonprofit organization situated in Beaumont, California, specifically at 802 Beaumont Avenue. Their primary mission is to establish empowerment programs aimed at facilitating self-sufficiency and fostering renewed hope. This is achieved through the establishment of both subsidized and non-subsidized family service centers. Moreover, the foundation extends its reach to early childhood education and development, offering preschool services at 14 child care centers. With a workforce of 109 dedicated individuals, Renu Hope Foundation strives to positively impact families and children in the community.
Official website here: www.renuhope.org/
What are the reviews and ratings of this charity?
Charity Navigator has rated Renu Hope Foundation with an 81%, earning it a Three-Star out of Four Star rating. This rating is based entirely on its Accountability & Finance, reflecting the organization's financial health, governance practices, and commitment to transparency. The charity scored particularly well in areas such as having a fully independent board and robust financial oversight, indicating a strong commitment to best practices in nonprofit management.
The foundation excels in its program expense ratio of 92.59%, indicating that a significant majority of its funds are allocated directly to its programs, which is a positive sign for donors concerned about operational efficiency. However, the organization did not score points for its liabilities to assets ratio, indicating potential financial sustainability concerns that warrant further evaluation.
Unfortunately, user reviews from GreatNonprofits could not be fetched. This limits the ability to provide insight into individual experiences and overall sentiment from the community regarding Renu Hope Foundation. Nonetheless, the financial ratings suggest a reliable and accountable organization, despite some areas lacking comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Renu Hope Foundation legitimate?
Renu Hope Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renu Hope Foundation 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: $315,965
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,392,567
For more financial information, click here
Official website here: www.renuhope.org/
What is the mission statement of Renu Hope Foundation?
The Renu Hope Foundation's mission is centered around establishing programs that offer empowerment opportunities, promoting self-sufficiency, and providing renewed hope. A key aspect of their mission involves establishing both subsidized and non-subsidized family service centers as demonstrations of their commitment. The organization's goal is to provide these services to individuals in need, ultimately aiming to improve their quality of life. The Renu Hope Foundation has also been active in providing preschool educational and child development services through the operation of 14 child care centers.
Official website here: www.renuhope.org/
Who is the CEO of Renu Hope Foundation?
Saovaros Diehl-Hope is the Ceo of Renu Hope Foundation. The CEO's salary of Renu Hope Foundation is $315,965 and their total compensation is $315,965.
Official website here: www.renuhope.org/
What is the revenue of Renu Hope Foundation?
Renu Hope Foundation's revenue in 2022 was $11,223,542.
Official website here: www.renuhope.org/
Who are the executives of Renu Hope Foundation and what are their salaries?
The average compensation at Renu Hope Foundation during 2022 was $24,849. There are 109 employees and 7 volunteers at Renu Hope Foundation.
Here are 6 key members and their salaries (Renu Hope Foundation's CEO's salary is $315,965 and their total compensation is $315,965):
- Compensation: $315,965
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.renuhope.org/
Where can I find the form 990 for Renu Hope Foundation?
Renu Hope Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.renuhope.org/
Learn more at the official website: www.renuhope.org/
Mission Statement of Renu Hope Foundation
Renu Hope Foundation, as a nonprofit organization, is committed to a mission that encompasses two primary objectives. Firstly, it aims to establish programs that foster empowerment opportunities, enabling individuals to strive for self-sufficiency and regain a sense of hope. Secondly, the foundation intends to establish both subsidized and non-subsidized family service centers as demonstration sites. By implementing these programs, Renu Hope Foundation aims to provide a platform for personal growth and renewal, ultimately contributing to stronger, more independent families.
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Impact
July, 2024
Renu Hope Foundation has made a significant impact by providing preschool educational and child development services to children at 14 child care centers. Through its mission to establish programs affording empowerment opportunities toward self-sufficiency and renewed hope, the foundation has been able to make a difference in the lives of many families in Beaumont, California. The establishment of demonstration subsidized and non-subsidized family service centers has further contributed to enhancing the well-being and future prospects of the community. The foundation's focus on education underscores its commitment to creating positive change and fostering a sense of hope among those it serves.
This information is meant to be a general summary of Renu Hope Foundation. 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: $1,217
- Gross Receipts: $11,223,542
Assets and Liabilities:
- Total Assets: $4,671,347
- Total Liabilities: $3,536,243
- Net Assets: $1,135,104
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Organization Details
Founding Year
1969
Phone
(951) 845-3816Principal Officer
Saovaros Diehl-Hope
Main Address
802 Beaumont Avenue, Beaumont, CA, 92223
Website
www.renuhope.org/NTEE Category
Code: B210 - Education
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