Clothes To Kids Inc
- Assets
- $2.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 17
- Location
- Clearwater, FL
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 14-1849798
Organization Overview
Clothes To Kids Inc is located in Clearwater, FL. The organization was established in 2002. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Clothes To Kids Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothes To 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 12/2023, Clothes To Kids Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 7.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CLOTHES TO KIDS, INC. IS TO PROVIDE NEW AND QUALITY USED CLOTHING TO LOW-INCOME SCHOOL AGED CHILDREN, FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trey Ward Board Member | Trustee | 1 | $0 |
Michael Krohn Board Member | Trustee | 1 | $0 |
Mashonda Smith Board Member | Trustee | 1 | $0 |
Kimberly Monticello Board Member | Trustee | 1 | $0 |
Dawn Graff Board Member | Trustee | 1 | $0 |
Adrien Julious-Butler Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $474,479 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,238,185 |
| Noncash contributions included in lines 1a–1f | $1,125,466 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,712,664 |
| Total Program Service Revenue | $0 |
| Investment income | $146,449 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$27,851 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,844,280 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,011,643 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,689 |
| Compensation of current officers, directors, key employees. | $34,220 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,431 |
| Pension plan accruals and contributions | $8,270 |
| Other employee benefits | $49,921 |
| Payroll taxes | $43,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $25,934 |
| Royalties | $0 |
| Occupancy | $175,076 |
| Travel | $0 |
| 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 | $25,945 |
| Insurance | $21,176 |
| All other expenses | $43,390 |
| Total functional expenses | $2,302,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,425 |
| Savings and temporary cash investments | $1,569,780 |
| Pledges and grants receivable | $87,226 |
| Accounts receivable, net | $136,174 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $337,224 |
| Prepaid expenses and deferred charges | $42,454 |
| Net Land, buildings, and equipment | $75,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $151,222 |
| Total assets | $2,707,820 |
| Accounts payable and accrued expenses | $26,026 |
| 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 | $154,929 |
| Total liabilities | $180,955 |
| Net assets without donor restrictions | $2,397,973 |
| Net assets with donor restrictions | $128,892 |
| 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 | $2,707,820 |