My New Red Shoes
- Assets
- $541.8k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Palo Alto, CA
- Founding
- 06/2006
- Data as of
- 12/2023
- EIN
- 20-4683289
Organization Overview
My New Red Shoes is located in Palo Alto, 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 12/2023, My New Red Shoes employed 6 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 12/2023, My New Red Shoes generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 8 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
MY NEW RED SHOES WORKS TO IMPROVE THE QUALITY OF LIFE AND WELL-BEING OF CHILDREN AND YOUTH EXPERIENCING ECONOMIC HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MNRS BASIC NEEDS DISTRIBUTION PROGRAM MOBILIZES AND DELIVERS BASIC NEEDS AND EMERGENCY ITEMS TO CHILDREN AND FAMILIES EXPERIENCING ECONOMIC HARDSHIP AND WORKS TO MEET THEIR BASIC NEEDS WITH DIGNITY. AT THE CORE OF OUR WORK IS THE BELIEF THAT THE BUILDING BLOCKS OF A SAFE, STABLE, AND HEALTHY LIFE BEGINS WITH THE FULFILLMENT OF BASIC NEEDS. IN 2023, MNRS SERVED MORE THAN 5,000 CHILDREN AND FAMILIES IN-NEED ACROSS THE SF BAY AREA AND BEYOND.
GENERAL PROGRAM ACTIVITIES THAT ALIGN WITH THE ORGANIZATION'S MISSION AND PURPOSE
MNRS PROVIDES TECHNICAL PROGRAM AND LOGISTICS SUPPORT TO NGOS AND OTHER PRIVATE SECTOR PARTNERS TO ASSIST THE PROCESSING AND DELIVERY OF HUMANITARIAN AID. IN 2023, MNRS PREPARED MORE THAN 25,000 ITEMS FOR SHIPMENT AND DISTRIBUTION TO NEWCOMER IMMIGRANTS ACROSS THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minh Ngo Executive Dir. | Officer | 40 | $236,895 |
Catterina Olazabal Treasurer | Officer | 5 | $22,589 |
Mandy Montoya Trustee | Trustee | 1 | $0 |
Annie Hockey Trustee | Trustee | 1 | $0 |
Hellena Ruiz Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $6,500 |
| Related organizations | $0 |
| Government grants | $70,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,443,461 |
| Noncash contributions included in lines 1a–1f | $722,577 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,519,961 |
| Total Program Service Revenue | $28,169 |
| Investment income | $7,257 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,260 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,554,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,000 |
| 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. | $238,037 |
| Compensation of current officers, directors, key employees. | $10,236 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,417 |
| Pension plan accruals and contributions | $18,048 |
| Other employee benefits | $20,751 |
| Payroll taxes | $37,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $815 |
| Fees for services: Accounting | $34,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $92,686 |
| Advertising and promotion | $1,620 |
| Office expenses | $21,141 |
| Information technology | $22,608 |
| Royalties | $0 |
| Occupancy | $365,630 |
| Travel | $77 |
| 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 | $20,039 |
| Insurance | $8,407 |
| All other expenses | $0 |
| Total functional expenses | $2,053,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,172 |
| Savings and temporary cash investments | $113,147 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $119,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,570 |
| Prepaid expenses and deferred charges | $12,672 |
| Net Land, buildings, and equipment | $43,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,859 |
| Total assets | $541,765 |
| Accounts payable and accrued expenses | $80,588 |
| 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 | $80,588 |
| Net assets without donor restrictions | $299,727 |
| Net assets with donor restrictions | $161,450 |
| 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 | $541,765 |
Grants Awarded
Over the last fiscal year, My New Red Shoes has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUBS PURPOSE: Emergency response | $15,000 |
SAN FRANCISCO 49ERS ACADEMY PURPOSE: Grants to families | $15,000 |