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← MY BAG MY STORY

Form 990 for tax year 2023

Filed by MY BAG MY STORY.

Totals

Total revenue
$263,145
Total expenses
$83,632
Contributions and grants received
$251,252
Grants paid
$27,950
Program service revenue
$0
Investment income
$0
Other revenue
$11,893
Total assets, end of year
$324,410
Total liabilities, end of year
$3,621
Net assets or fund balances, end of year
$320,789
Program services expenses (Part IX)
$52,793
Management and general expenses
$25,341
Fundraising expenses
$5,498
Program service expenses (Part III)
$52,793

Program services were 63.1% 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

    $251,252

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $19,092

  • 10b · Cost of goods sold

    $7,199

  • 10c · Net income from sales of inventory

    total $11,893 · related or exempt $11,893

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $27,950 · program services $27,950

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $20,000 · program services $7,000 · management and general $11,000 · fundraising $2,000

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $1,530 · program services $535 · management and general $842 · fundraising $153

  • 11a · Fees: management

    total $3,673 · program services $2,204 · management and general $1,469

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $3,177 · management and general $3,177

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $9,370 · program services $6,400 · fundraising $2,970

  • 12 · Advertising and promotion

    total $374 · program services $374

  • 13 · Office expenses

    total $3,708 · program services $1,787 · management and general $1,884 · fundraising $37

  • 14 · Information technology

    total $6,341 · program services $4,449 · management and general $1,892

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $3,381 · program services $1,183 · management and general $1,860 · fundraising $338

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $1,332 · management and general $1,332

  • 24a · Other expenses: Bank&Merchant Fees

    total $1,022 · program services $826 · management and general $196

  • 24b · Other expenses: Gifts

    total $945 · management and general $945

  • 24c · Other expenses: Postage

    total $510 · program services $85 · management and general $425

  • 24d · Other expenses: Miscellaneous

    total $319 · management and general $319

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,752 · end of year $266,073

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $14,626 · end of year $58,100

  • 9 · Prepaid expenses and deferred charges

    beginning of year $222 · end of year $237

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,324 · end of year $3,621

  • 27 · Net assets without donor restrictions

    beginning of year $141,276 · end of year $320,789

Mission and programs · 2023

Mission

To improve the lives of children in foster care, elevating their sense of dignity and self worth.

  • In 2023, My Bag My Story partnered with over 30 foster agencies in the Middle Tennessee area to provide duffle bags and backpacks to children in the foster care system. We have designated volunteers that represent each agency. When that agency needs additional bags, they contact that volunteer to gather their bags and deliver to them. After the bags are donated, we asked that the agency provide details on the demographics of the children served. We have a board member that serves as the Volunteer Coordinator that tracks the bags donated to our partner agencies. In 2023, we provided 1,367 bags to foster children. This was a 55% increase from 2022.

    Expenses $52,793 · Grants $27,950

As filed on the 2023 return.

Listed in Part VII

  • Cara Finger

    Executive Dir.

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • David Whitfield

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Nikol Wiemer

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Jenny Matthews

    Director

    Total calculated
    $0
    Hours/week
    2
  • Chad Powers

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Amber Alverson

    Director

    Total calculated
    $0
    Hours/week
    2
  • Patrick McConnell

    Director

    Total calculated
    $0
    Hours/week
    2
  • Matthew Webb

    Director

    Total calculated
    $0
    Hours/week
    2

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
13 May 2024
IRS schema version
2023v5.0
Source object
202401359349300600

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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