The Empty Stocking Fund Inc
- Assets
- $3.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Atlanta, GA
- Founding
- 08/1972
- Data as of
- 03/2022
- EIN
- 23-7159125
Organization Overview
The Empty Stocking Fund Inc is located in Atlanta, GA. The organization was established in 1972. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 03/2022, Empty Stocking Fund Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Empty Stocking Fund 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, Empty Stocking Fund Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $2.4m during the year ending 03/2022. While expenses have increased by 11.5% 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.
Since 2020, Empty Stocking Fund Inc has awarded 24 individual grants totaling $1,551,936. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EMPTY STOCKING FUND (ESF) BRINGS JOY TO THE LIVES OF DISADVANTAGED CHILDREN BY PROVIDING TOYS AND GIFTS DURING THE HOLIDAY SEASON AND OTHER CORE ESSENTIAL SUPPLIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EMPTY STOCKING FUND (ESF) BRINGS JOY TO THE LIVES OF DISADVANTAGED CHILDREN BY PROVIDING TOYS AND GIFTS DURING THE HOLIDAY SEASON AND OTHER ESSENTIAL SUPPLIES THROUGHOUT THE YEAR TO SUPPORT POSITIVE SOCIAL AND EMOTIONAL DEVELOPMENT AND ACADEMIC SUCCESS. IN 2021, ESF DISTRIBUTED APPROXIMATELY 30,000 STUDENT SUPPLY KITS AND 20,000 HOLIDAY GIFT PACKAGES. ESF ALSO SERVED MORE THAN 1,200 TITLE I SCHOOL TEACHERS THROUGH ITS FREE STORE FOR TEACHERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manda Hunt Executive Director | Officer | 40 | $127,915 |
Jennifer Cowart Chairman | OfficerTrustee | 1 | $0 |
Sandeep Kharidhi Vice Chairman | OfficerTrustee | 1 | $0 |
Joseph Manusakis Treasurer | OfficerTrustee | 1 | $0 |
Beth Little Secretary | OfficerTrustee | 1 | $0 |
W Benjamin Barkley Director | Trustee | 1 | $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 | $1,872,167 |
| Noncash contributions included in lines 1a–1f | $421,370 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,872,167 |
| Total Program Service Revenue | $198,831 |
| Investment income | $32,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,442 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,169,289 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,278,290 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $149,248 |
| Compensation of current officers, directors, key employees. | $5,327 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,175 |
| Pension plan accruals and contributions | $8,435 |
| Other employee benefits | $1,091 |
| Payroll taxes | $22,825 |
| 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 | $14,301 |
| Fees for services: Other | $192,231 |
| Advertising and promotion | $145,501 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $237,135 |
| Travel | $9,738 |
| 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 | $33,535 |
| Insurance | $11,461 |
| All other expenses | $9,430 |
| Total functional expenses | $2,400,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,526 |
| Savings and temporary cash investments | $104,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $817,062 |
| Prepaid expenses and deferred charges | $12,622 |
| Net Land, buildings, and equipment | $268,432 |
| Investments—publicly traded securities | $1,763,132 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,942 |
| Total assets | $3,409,829 |
| Accounts payable and accrued expenses | $102,408 |
| 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 | $102,408 |
| Net assets without donor restrictions | $3,307,421 |
| 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 | $3,409,829 |
Grants Awarded
Over the last fiscal year, The Empty Stocking Fund Inc has awarded $837,296 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
Suwanee, GA PURPOSE: promote academic success | $190,936 |
Suwanee, GA PURPOSE: promote academic success | $190,936 |
Orlando, FL PURPOSE: promote academic success | $71,232 |
Orlando, FL PURPOSE: promote academic success | $71,232 |
Fort Lauderdale, FL PURPOSE: promote academic success | $53,088 |
Fort Lauderdale, FL PURPOSE: promote academic success | $53,088 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Empty Stocking Fund Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Mr & Mrs Jack K Holland Family Foundation Atlanta, GA PURPOSE: CHARITABLE | $150 |
Oneill Family Foundation Peachtree City, GA PURPOSE: FURTHER PURPOSES OF ORGANIZATION | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womans Missionary Union Foundation Birmingham, AL | $53,441,982 | $5,264,026 |
Walton Electric Trust Inc Monroe, GA | $5,022,901 | $2,337,063 |
The Empty Stocking Fund Inc Atlanta, GA | $3,409,829 | $2,169,289 |
Ferst Readers Inc Madison, GA | $2,420,121 | $2,368,538 |
Kramden Institute Inc Durham, NC | $4,737,614 | $3,356,768 |
Kid One Transport System Inc Birmingham, AL | $744,962 | $1,420,128 |
Margaret And Jack Tarver Family Foundation Orlando, FL | $14,491,968 | $1,093,258 |
A Soldiers Child Inc Murfreesboro, TN | $854,539 | $1,143,994 |
Lions Pride Foundation Inc Salisbury, NC | $2,186,624 | $85,831 |
Carolands Preservation Foundation Palm Beach, FL | $1,817,806 | $807,126 |
Edward D And Anna Mitchell Family Foundation A Delaware Corp Sarasota, FL | $5,062,154 | $357,034 |
Creating Connected Communities Atlanta, GA | $683,448 | $909,666 |