Nonprofit · EIN 68-0652377
RESTORATION DEVELOPMENT FOUNDATION INC
Also known as RESTORATION GATEWAY
Tax-exempt · WACO, TX 76710
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $50,169 | $294,256 | -$244,087 | $1,588,913 | $0 | $1,588,913 |
| December 31, 2023 | 990 | $853,334 | $822,699 | $30,635 | $1,833,939 | $0 | $1,833,939 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $38,342
- Program service revenue
- $0
- Investment income
- $10,919
- Royalties
- $908
- Other revenue
- $908
Expenses
- Grants and similar amounts paid
- $127,883
- Other salaries and wages
- $83,630
- Salaries, compensation and benefits (total)
- $83,915
- Professional fundraising fees
- $0
- Legal fees
- $56,377
- Accounting fees
- $6,500
- Occupancy
- $3,431
- Program services (functional)
- $127,883
- Management and general (functional)
- $166,373
Balance sheet and other
- Total assets, start of year
- $1,833,939
- Total assets, end of year
- $1,588,913
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,588,913
- Net assets without donor restrictions
- $1,203,913
- Net assets with donor restrictions
- $385,000
- Gross receipts
- $50,169
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Raley | Director Trustee or director, Officer | 1 | $0 |
| Kay Tuel | Director Trustee or director | 1 | $0 |
| Jared Hill | Director Trustee or director, Officer | 1 | $0 |
| Scott Salmans | Board Chair Trustee or director, Officer | 1 | $0 |
| Todd Strader | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Steven Raley | Director Trustee or director, Officer | 1 | $0 |
| Kay Tuel | Director Trustee or director | 1 | $0 |
| Todd Strader | Director Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4300 W WACO DR STE B2 PMB 314, WACO, TX 76710-7013
- Principal officer (990 for 2024)
- Scott Salmans, 4300 W Waco Dr B2-314, Waco, TX 76710
- Signed the 990
- Scott Salmans, Board Chair
- Phone
- (254) 339-2984
- Return prepared by
- William R Blankenship CPA PLLC
Mission
The mission of Restoration Development Foundation Inc is to provide Educational opportunities to orphans in Uganda that were previously living at Restoration Gateway Uganda.
Program accomplishments
- Restoration Development Foundation, Inc. provides primary, secondary and post-secondary education opportunities (including food, clothing, shelter and support) to 76 Ugandan orphans.Expenses $127,883 · grants $127,883 · revenue $50,169
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 68-0652377
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T02)
- Assets (IRS master file)
- $1,588,913
- Income (IRS master file)
- $50,169
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $50,169 | $294,256 | $1,588,913 | IRS |
| 990 | December 2023 | $853,334 | $822,699 | $1,833,939 | XML |
| 990 | December 2022 | $1,250,630 | $937,461 | $1,802,144 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 68-0652377).
Questions about RESTORATION DEVELOPMENT FOUNDATION INC
- What is the EIN of RESTORATION DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of RESTORATION DEVELOPMENT FOUNDATION INC is 68-0652377.
- Is RESTORATION DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to RESTORATION DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RESTORATION DEVELOPMENT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RESTORATION DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RESTORATION DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RESTORATION DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names Scott Salmans.
- Who are the officers and directors of RESTORATION DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does RESTORATION DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $50,169, expenses of $294,256 and total assets of $1,588,913 at year end.
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