Cradles To Crayons Inc is located in Newton, MA. The organization was established in 2002. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 03/2022, Cradles To Crayons Inc employed 119 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cradles To Crayons Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Cradles To Crayons Inc generated $35.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $31.6m during the year ending 03/2022. While expenses have increased by 13.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CRADLES TO CRAYONS PROVIDES CHILDREN FROM BIRTH THROUGH AGE 12, LIVING IN HOMELESS OR LOW-INCOME SITUATIONS, WITH THE ESSENTIAL ITEMS THEY NEED TO THRIVE AT HOME, AT SCHOOL AND AT PLAY. WE SUPPLY THESE ITEMS FREE OF CHARGE BY ENGAGING AND CONNECTING COMMUNITIES.AS A RESULT OF A COMPREHENSIVE STRATEGIC PLANNING PROCESS TO DETERMINE THE MOST EFFECTIVE AND EFFICIENT MODEL TO SERVE THE UNMET NEED ACROSS THE UNITED STATES, THE ORGANIZATION DEVELOPED AND LAUNCHED A NEW DIGITAL MODEL, GIVING FACTORY DIRECT. THE MODEL ALLOWS DONORS TO SEND ESSENTIAL ITEMS DIRECTLY FROM THEIR HOMES TO THE CHILDREN THEY SERVE VIA ITS NETWORK OF SERVICE PARTNERS. IN THIS FISCAL YEAR, THE ORGANIZATION PILOTED AND TESTED GIVING FACTORY DIRECT IN ITS CURRENT MARKETS AND NEW YORK CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION EXECUTES ITS MISSION BY MOBILIZING WIDESPREAD COMMUNITY AND CIVIC PARTICIPATION. AT THE COMMUNITY LEVEL, THE ORGANIZATION PARTNERS WITH SCHOOLS, CORPORATIONS, FAITH-BASED ORGANIZATIONS, AND OTHER COMMUNITY GROUPS TO CONDUCT DRIVES FOR CHILDREN'S GOODS AND TO OBTAIN VOLUNTEERS IN ITS WAREHOUSE. IN ADDITION, THE ORGANIZATION PARTNERS WITH A NETWORK OF DIVERSE SOCIAL SERVICE AGENCIES THAT ORDER AND DISTRIBUTE THE ORGANIZATION'S PACKAGES TO INDIVIDUAL CHILDREN RECEIVING SERVICES FROM THOSE AGENCIES. BY INVOLVING INDIVIDUALS AND LOCAL PRIVATE, NOT-FOR-PROFIT, AND PUBLIC-SECTOR ORGANIZATIONS IN ITS MISSION, THE ORGANIZATION IS ABLE TO ADDRESS THE IMMEDIATE NEEDS OF UNDERPRIVILEGED CHILDREN, BUILD LONG-TERM COMMUNITY OWNERSHIP OF THE ORGANIZATION'S MISSION, AND RAISE AWARENESS ABOUT THE CRITICAL ISSUES OF POVERTY, HOMELESSNESS AND CLOTHING INSECURITY. FOR THE YEAR ENDED MARCH 31, 2022, THE ORGANIZATION PROCURED AND DISTRIBUTED 51,687 HYGIENE KITS, 72,208 CHILDREN'S FACE MASKS, 7,511,950 DIAPERS AND 58,865 WINTER COATS, AND CLOTHING TO PROVIDE A WEEK'S WORTH OF OUTFITS TO 71,584 KIDS, AMONG OTHER ESSENTIAL NEEDS TO CHILDREN LIVING IN LOW-INCOME OR HOMELESS SITUATIONS IN MASSACHUSETTS, PENNSYLVANIA AND ILLINOIS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynn Margherio CEO | OfficerTrustee | 40 | $245,976 |
Bernard Cherkasov COO | Officer | 40 | $227,487 |
Karen Grant VP Of Giving Factory Direct | 40 | $220,265 | |
Karen Gallahue CFO | Officer | 40 | $203,172 |
Aubrey Conquergood Ed Of Boston | 40 | $191,889 | |
Shoshana Buchholz-Miller Former Ed Of Chicago | 40 | $182,332 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Kv 400 Diversey Llc Chicago Warehouse Rent | 3/30/22 | $196,931 |
Iapparel Brands Llc Children's Product Purchase | 3/30/22 | $109,595 |
Israel M Dolgin Associates Philadelphia Warehouse Rent | 3/30/22 | $187,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,089,586 |
All other contributions, gifts, grants, and similar amounts not included above | $32,467,756 |
Noncash contributions included in lines 1a–1f | $18,306,345 |
Total Revenue from Contributions, Gifts, Grants & Similar | $34,557,342 |
Total Program Service Revenue | $0 |
Investment income | $134,316 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $233,818 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $35,925,476 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $735,322 |
Compensation of current officers, directors, key employees. | $201,311 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $5,340,280 |
Pension plan accruals and contributions | $111,585 |
Other employee benefits | $843,977 |
Payroll taxes | $441,599 |
Fees for services: Management | $0 |
Fees for services: Legal | $4,696 |
Fees for services: Accounting | $29,121 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $23,377 |
Fees for services: Other | $288,803 |
Advertising and promotion | $216,584 |
Office expenses | $109,150 |
Information technology | $226,838 |
Royalties | $0 |
Occupancy | $571,172 |
Travel | $18,730 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $541,825 |
Insurance | $102,362 |
All other expenses | $621,726 |
Total functional expenses | $31,639,103 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,367,221 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $435,087 |
Accounts receivable, net | $2,089,586 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $132,122 |
Net Land, buildings, and equipment | $11,928,380 |
Investments—publicly traded securities | $6,676,186 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $363,921 |
Total assets | $31,992,503 |
Accounts payable and accrued expenses | $1,697,978 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $4,145,803 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $377,071 |
Total liabilities | $6,220,852 |
Net assets without donor restrictions | $24,681,138 |
Net assets with donor restrictions | $1,090,513 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $31,992,503 |
Over the last fiscal year, Cradles To Crayons Inc has awarded $20,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Chicago, IL PURPOSE: TO RECOGNIZE AND SUPPORT THE WORK OF OTHER ORGANIZATION IN OUR COMMUNITIES THAT MEET THE IMPACT CRITERIA. | $10,000 |
Boston, MA PURPOSE: TO RECOGNIZE AND SUPPORT THE WORK OF OTHER ORGANIZATION IN OUR COMMUNITIES THAT MEET THE IMPACT CRITERIA. | $10,000 |
Over the last fiscal year, we have identified 4 grants that Cradles To Crayons Inc has recieved totaling $16,656.
Awarding Organization | Amount |
---|---|
Am Paula Charitable Foundation Miamisburg, OH PURPOSE: PACKAGES OF ESSENTIALS ITEMS PROVIDED TO LOCAL DISADVANTAGED CHILDREN. | $12,000 |
Crist Family Foundation Wilmington, DE PURPOSE: TO SUPPORT THE PHILADELPHIA CHAPTER | $2,500 |
Kahn Family Charitable Foundation Wellesley, MA PURPOSE: PROGRAM SUPPORT | $2,000 |
Wolf & Company Charitable Foundation Inc Boston, MA PURPOSE: EXEMPT PURPOSE | $156 |
Beg. Balance | $2,705,741 |
Net Contributions | $28,342 |
Other Expense | $85,508 |
Ending Balance | $2,648,575 |
Organization Name | Assets | Revenue |
---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Waste-Not-Want-Not Inc New York, NY | $85,775 | $905,044 |
Vintage Thrift Shop Corporation New York, NY | $949,773 | $1,175,007 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Barristers Book Shop South Royalton, VT | $588,614 | $671,375 |