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Nonprofiteer
← CLOTHES TO KIDS INC

Form 990 for tax year 2023

Filed by CLOTHES TO KIDS INC.

Totals

Total revenue
$2,844,280
Total expenses
$2,302,290
Contributions and grants received
$2,712,664
Grants paid
$1,011,643
Program service revenue
$0
Investment income
$146,449
Other revenue
-$14,833
Total assets, end of year
$2,707,820
Total liabilities, end of year
$180,955
Net assets or fund balances, end of year
$2,526,865
Program services expenses (Part IX)
$2,010,874
Management and general expenses
$106,798
Fundraising expenses
$184,618
Program service expenses (Part III)
$2,010,874

Program services were 87.3% 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.

  • 1c · Fundraising events

    $474,479

  • 1f · All other contributions, gifts and grants

    $2,238,185

  • 1g · Noncash contributions included above

    $1,125,466

  • 3 · Investment income

    total $146,449 · unrelated business $0 · excluded $146,449

  • 8a · Fundraising events: gross income

    $35,315

  • 8a · Fundraising events: contributions included on line 1c

    $474,479

  • 8b · Fundraising events: direct expenses

    $63,166

  • 8c · Net income from fundraising events

    total -$27,851 · unrelated business $0 · excluded -$27,851

  • 11a · Other revenue: Textile recycling

    total $13,018 · related or exempt $13,018 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $13,018

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,011,643 · program services $1,011,643

  • 5 · Compensation of officers, directors and key employees

    total $102,689 · program services $34,222 · management and general $34,220 · fundraising $34,247

  • 7 · Other salaries and wages

    total $422,431 · program services $313,932 · management and general $11,938 · fundraising $96,561

  • 8 · Pension plan contributions

    total $8,270 · program services $8,270 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $49,921 · program services $40,931 · management and general $8,954 · fundraising $36

  • 10 · Payroll taxes

    total $43,121 · program services $26,974 · management and general $0 · fundraising $16,147

  • 11c · Fees: accounting

    total $8,800 · program services $0 · management and general $8,800 · fundraising $0

  • 14 · Information technology

    total $25,934 · program services $15,728 · management and general $803 · fundraising $9,403

  • 16 · Occupancy

    total $175,076 · program services $157,270 · management and general $8,903 · fundraising $8,903

  • 22 · Depreciation, depletion and amortization

    total $25,945 · program services $3,805 · management and general $22,140 · fundraising $0

  • 23 · Insurance

    total $21,176 · program services $19,412 · management and general $899 · fundraising $865

  • 24a · Other expenses: Purchased inventory

    total $285,804 · program services $285,804 · management and general $0 · fundraising $0

  • 24b · Other expenses: Utilities

    total $32,800 · program services $29,778 · management and general $1,498 · fundraising $1,524

  • 24c · Other expenses: Supplies

    total $26,891 · program services $26,304 · management and general $397 · fundraising $190

  • 24d · Other expenses: Marketing & printing

    total $18,399 · program services $3,200 · management and general $101 · fundraising $15,098

  • 24e · All other expenses

    total $43,390 · program services $33,601 · management and general $8,145 · fundraising $1,644

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $616,128 · end of year $308,425

  • 2 · Savings and temporary cash investments

    beginning of year $922,615 · end of year $1,569,780

  • 3 · Pledges and grants receivable

    beginning of year $70,659 · end of year $87,226

  • 4 · Accounts receivable

    beginning of year $103,657 · end of year $136,174

  • 8 · Inventories for sale or use

    beginning of year $280,081 · end of year $337,224

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,094 · end of year $42,454

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

    $243,246

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

    $167,931

  • 10c · Land, buildings and equipment, net

    beginning of year $26,873 · end of year $75,315

  • 15 · Other assets

    beginning of year $272,111 · end of year $151,222

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,369 · end of year $26,026

  • 19 · Deferred revenue

    beginning of year $28,363 · end of year $0

  • 25 · Other liabilities

    beginning of year $275,611 · end of year $154,929

  • 27 · Net assets without donor restrictions

    beginning of year $1,914,216 · end of year $2,397,973

  • 28 · Net assets with donor restrictions

    beginning of year $70,659 · end of year $128,892

Mission and programs · 2023

Mission

The mission of Clothes To Kids, Inc. is to provide new and quality used clothing to low-income school aged children, free of charge.

  • In 2023, Clothes To Kids (CTK) distributed a total of 16,411 wardrobes. The total cost for CTK to provide one wardrobe to a child is $65. For both Pinellas and Hillsborough Counties more than half of all students qualify for free or reduced price lunch.

    Expenses $2,010,874 · Grants $1,011,643

As filed on the 2023 return.

Listed in Part VII

  • Trey Ward

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Krohn

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Mashonda Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Monticello

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Dawn Graff

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Adrien Julious-Butler

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Bill DeVine

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Jadell Patricio

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Debbie Viveiros

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Matthew Felix

    President

    Total calculated
    $0
    Hours/week
    2

  • Robert Gilbride

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Kevin Cowley

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Abbey Center

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Jacobs

    Executive Director

    Total calculated
    $102,689
    From this org
    $102,689
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.1
Source object
202443209349307019

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