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Nonprofiteer
← MY STUFF BAGS FOUNDATION

Form 990 for tax year 2024

Filed by MY STUFF BAGS FOUNDATION.

Totals

Total revenue
$3,221,019
Total expenses
$3,125,173
Contributions and grants received
$3,221,019
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,272,670
Total liabilities, end of year
$719,568
Net assets or fund balances, end of year
$4,553,102
Program services expenses (Part IX)
$2,952,978
Management and general expenses
$78,891
Fundraising expenses
$93,304
Program service expenses (Part III)
$2,952,978

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $3,221,019

  • 1g · Noncash contributions included above

    $2,283,565

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $361,484 · program services $293,136 · management and general $31,530 · fundraising $36,818

  • 11g · Fees: other

    total $25,886 · program services $10,131 · management and general $15,755

  • 12 · Advertising and promotion

    total $24,210 · fundraising $24,210

  • 13 · Office expenses

    total $29,608 · program services $23,301 · management and general $3,146 · fundraising $3,161

  • 16 · Occupancy

    total $172,079 · program services $135,253 · management and general $18,413 · fundraising $18,413

  • 17 · Travel

    total $11,259 · program services $8,849 · management and general $1,205 · fundraising $1,205

  • 20 · Interest

    total $3,912 · program services $1,304 · management and general $1,304 · fundraising $1,304

  • 23 · Insurance

    total $38,824 · program services $31,484 · management and general $3,386 · fundraising $3,954

  • 24a · Other expenses: MY STUFF BAGS PROGRAMMA

    total $2,372,270 · program services $2,372,270 · management and general $0 · fundraising $0

  • 24b · Other expenses: POSTAGE AND SHIPPING

    total $44,687 · program services $44,367 · management and general $320 · fundraising $0

  • 24c · Other expenses: TAX AND LICENSE

    total $29,168 · program services $23,619 · management and general $2,571 · fundraising $2,978

  • 24d · Other expenses: TELEPHONE

    total $10,620 · program services $8,348 · management and general $1,136 · fundraising $1,136

  • 24e · All other expenses

    total $1,166 · program services $916 · management and general $125 · fundraising $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $681,155 · end of year $791,214

  • 8 · Inventories for sale or use

    beginning of year $3,942,472 · end of year $3,972,563

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,253 · end of year $5,644

  • 10a · Land, buildings and equipment: cost or other basis

    $20,243

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,654

  • 10c · Land, buildings and equipment, net

    beginning of year $12,693 · end of year $9,589

  • 15 · Other assets

    beginning of year $607,050 · end of year $493,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,348 · end of year $35,919

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $630,019 · end of year $533,649

  • 27 · Net assets without donor restrictions

    beginning of year $429,784 · end of year $450,539

  • 28 · Net assets with donor restrictions

    beginning of year $4,027,472 · end of year $4,102,563

Mission and programs · 2024

Mission

PROVIDE NEW BELONGINGS, COMFORT, AND HOPE TO THOUSANDS OF CHILDREN EACH YEAR WHO MUST BE RESCUED FROM ABUSE, NEGLECT, AND ABANDONMENT ACROSS THE UNITED STATES. WE ADDRESS THE IMMEDIATE PHYSICAL AND EMOTIONAL NEEDS OF RESCUED CHILDREN AND HELP SUPPORT THE AGENCIES CARING FOR THEM.

Activities or mission (Part I)

PROVIDE DUFFEL BAGS OF NEW BELONGINGS TO CHILDREN WHO ENTER CRISIS SHELTERS DUE TO ABUSE, NEGLECT, OR COMMUNITY DISASTERS.

  • PROVIDE NEW BELONGINGS, COMFORT, AND HOPE TO THOUSANDS OF CHILDREN EACH YEAR WHO MUST BE RESCUED FROM ABUSE, NEGLECT, AND ABANDONMENT ACROSS THE UNITED STATES. WE ADDRESS THE IMMEDIATE PHYSICAL AND EMOTIONAL NEEDS OF RESCUED CHILDREN AND HELP SUPPORT THE AGENCIES CARING FOR THEM.

    Expenses $2,952,978

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Janeen Holmes

    CEO

    Total calculated
    $176,296
    From this org
    $170,687
    From related orgs
    $0
    Other
    $5,609
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,687
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,609
    Filer's total
    $176,296

  • Randy Strong

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Teresa McKee

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Verne Brizendine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Bob Lennon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202531279349302048

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