My New Red Shoes
- Assets
- $785.4k
- Revenue
- $770.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Redwood City, CA
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4683289
Organization Overview
My New Red Shoes is located in Redwood City, CA. The organization was established in 2006. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, My New Red Shoes employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My New Red Shoes 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 12/2021, My New Red Shoes generated $770.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $776.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MY NEW RED SHOES WORKS TO IMPROVE THE QUALIFY OF LIFE AND WELL-BEING OF CHILDREN AND YOUTH EXPERIENCING ECONOMIC HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDS FOR CHILDREN AND YOUTH - PROVIDES SHOES, CLOTHING AND OTHER ESSENTIALS TO CHILDREN AND YOUTH THROUGHOUT THE YEAR TO MEET BASIC NEEDS AND IMPROVE THEIR QUALITY OF LIFE.
DUAL-SERVICE CASH GRANTS - DELIVERS EMERGENCY ONE-TIME CASH PAYMENTS TO ASSIST FAMILIES EXPERIENCING FINANCIAL STRESS, LEVERAGING PARTNERSHIPS WITH LOCAL COMMUNITY ORGANIZATIONS THAT ARE COMMITTED TO LIFTING UP VULNERABLE AND UNDERSERVED CHILDREN AND YOUTH BY PROVIDING THEM AND THEIR FAMILIES WITH ACCESS TO JUST-IN-TIME SUPPORT SERVICES AND RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minh Ngo Executive Director | OfficerTrustee | 40 | $204,558 |
Sarah Berger Gonzalez Secretary | OfficerTrustee | 2 | $0 |
Kelly Reck Chair | OfficerTrustee | 2 | $0 |
Anna Bergstrom Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,185 |
| Related organizations | $0 |
| Government grants | $15,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $686,219 |
| Noncash contributions included in lines 1a–1f | $77,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $738,904 |
| Total Program Service Revenue | $0 |
| Investment income | $671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $770,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $213,785 |
| Compensation of current officers, directors, key employees. | $21,377 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,005 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,936 |
| Payroll taxes | $20,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,317 |
| Fees for services: Accounting | $23,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,359 |
| Advertising and promotion | $1,439 |
| Office expenses | $22,757 |
| Information technology | $24,634 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7 |
| 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 | $17,588 |
| Insurance | $4,489 |
| All other expenses | $0 |
| Total functional expenses | $776,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $622,616 |
| Savings and temporary cash investments | $31,101 |
| Pledges and grants receivable | $17,855 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,904 |
| Prepaid expenses and deferred charges | $12,160 |
| Net Land, buildings, and equipment | $83,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,359 |
| Total assets | $785,365 |
| Accounts payable and accrued expenses | $50,853 |
| 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 | $0 |
| Total liabilities | $50,853 |
| Net assets without donor restrictions | $640,762 |
| Net assets with donor restrictions | $93,750 |
| 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 | $785,365 |
Grants Awarded
Over the last fiscal year, My New Red Shoes has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Palo Alto, CA PURPOSE: Grants to families | $15,000 |
Palo Alto, CA PURPOSE: Grants to families | $15,000 |
St Helena, CA PURPOSE: Emergency response | $15,000 |
St Helena, CA PURPOSE: Emergency response | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that My New Red Shoes has recieved totaling $8,000.
| Awarding Organization | Amount |
|---|---|
Lowell Berry Foundation Lafayette, CA PURPOSE: GENERAL SUPPORT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Veterans Initiative Los Angeles, CA | $32,025,369 | $76,804,139 |
Info Line Of San Diego County San Diego, CA | $9,107,197 | $22,038,260 |
Mountain Shadows Support Group San Marcos, CA | $26,697,621 | $20,031,802 |
Regional Task Force On The Homeless Inc San Diego, CA | $15,091,904 | $18,439,880 |
Friends Of Tavarua Buellton, CA | $880,613 | $12,480,036 |
Fleming & Barnes Pls Vrds Pnsl, CA | $2,999,486 | $8,310,675 |
S T A R-Stand Together And Recover Centers Inc Phoenix, AZ | $2,420,391 | $5,183,120 |
Center For Individual And Family Therapy Santa Ana, CA | $970,962 | $4,778,086 |
Life Steps Foundation Inc Los Angeles, CA | $11,505,717 | $4,524,528 |
Desert Ridge Community Association Scottsdale, AZ | $3,543,697 | $3,296,119 |
Hospital Quality Institute Sacramento, CA | $3,614,502 | $3,942,442 |
Interfaith Ministries Of Greater Modesto Inc Modesto, CA | $643,275 | $3,221,923 |