Clothes Helping Kids Inc
- Assets
- $443.8k
- Revenue
- $514.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Albuquerque, NM
- Founding
- 03/1999
- Data as of
- 09/2024
- EIN
- 06-1519280
Organization Overview
Clothes Helping Kids Inc is located in Albuquerque, NM. The organization was established in 1999. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2024, Clothes Helping Kids Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothes Helping Kids 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 09/2024, Clothes Helping Kids Inc generated $514.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $559.6k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S STATED PURPOSE IS TO RAISE MONEY FOR MAKING GRANTS AVAILABLE TO CHARITABLE ORGANIZATIONS DEDICATED TO MAKING LASTING, POSITIVE DIFFERENCES IN THE LIVES OF CHILDREN, THEIR FAMILIES, AND THEIR COMMUNITIES THROUGH THE SALE OF CLOTHING AND OTHER HOUSEHOLD ITEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SOLICITS DONATIONS OF CLOTHING AND OTHER HOUSEHOLD ITEMS FROM THE GENERAL PUBLIC AND THEN SELLS THE DONATED ITEMS TO AN UNRELATED THIRD PARTY. THE MANAGEMENT AND BOARD OF DIRECTORS BELIEVE THAT THE HOUSEHOLD RECYCLING ACTIVITY IS A PROGRAM SERVICE OF THE ORGANIZATION AND THAT THE EXPENSES ASSOCIATED WITH THE PROGRAM ARE REPORTED AS PROGRAM SERVICE EXPENSE. THE EXCESS REVENUE FROM THE OPERATION OF THE RECYCLING PROGRAM IS THEN USED TO FUND GRANTS TO CHARITABLE ORGANIZATIONS MAKING LASTING, POSTIVE DIFFERENCES IN THE LIVES OF CHILDREN, THEIR FAMILIES, AND THEIR COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheri Arellano Senior Offic | Officer | 36 | $57,639 |
John Salamack Executive Di | Officer | 9 | $15,000 |
Sigrid E Olson President | OfficerTrustee | 0 | $0 |
Sharon Leach Vice-Preside | OfficerTrustee | 0 | $0 |
Harold T Nilsson Secretary/tr | OfficerTrustee | 0 | $0 |
Patricia M Stelzner Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $336,274 |
| Noncash contributions included in lines 1a–1f | $332,068 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $336,274 |
| Total Program Service Revenue | $0 |
| Investment income | $7,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,565 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $154,439 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,829 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,006 |
| 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. | $72,639 |
| Compensation of current officers, directors, key employees. | $26,694 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,024 |
| Payroll taxes | $19,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,562 |
| Advertising and promotion | $0 |
| Office expenses | $5,959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,238 |
| Travel | $769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,741 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,118 |
| Insurance | $18,342 |
| All other expenses | $1,529 |
| Total functional expenses | $559,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,533 |
| Savings and temporary cash investments | $145,235 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,104 |
| Prepaid expenses and deferred charges | $1,075 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $158,761 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $64,003 |
| Other assets | $0 |
| Total assets | $443,802 |
| Accounts payable and accrued expenses | $35,254 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $64,003 |
| Total liabilities | $99,257 |
| Net assets without donor restrictions | $344,545 |
| Net assets with donor restrictions | $0 |
| 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 | $443,802 |