The Empty Stocking Fund Inc
- Assets
- $3.7m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Atlanta, GA
- Founding
- 08/1972
- Data as of
- 03/2023
- 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 03/2023, Empty Stocking Fund Inc employed 6 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 03/2023, Empty Stocking Fund Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $2.7m during the year ending 03/2023. While expenses have increased by 11.8% 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.
Since 2020, Empty Stocking Fund Inc has awarded 12 individual grants totaling $775,968. 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
2023
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 2022, ESF DISTRIBUTED APPROXIMATELY 30,000 STUDENT SUPPLY KITS AND 20,000 HOLIDAY GIFT PACKAGES. ESF ALSO SERVED MORE THAN 1,750 TITLE I SCHOOL TEACHERS THROUGH ITS FREE STORE FOR TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manda Hunt Executive Director | Officer | 40 | $134,008 |
W Benjamin Barkley Director | Trustee | 1 | $0 |
David Bell Director | Trustee | 1 | $0 |
Barry Boniface Director | Trustee | 1 | $0 |
Karin Bursa Director | Trustee | 1 | $0 |
Jennifer Cowart Chairman | OfficerTrustee | 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 | $1,867,669 |
| Noncash contributions included in lines 1a–1f | $522,811 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,867,669 |
| Total Program Service Revenue | $312,313 |
| Investment income | $28,669 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,201,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,415,165 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $169,801 |
| Compensation of current officers, directors, key employees. | $12,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,270 |
| Pension plan accruals and contributions | $784 |
| Other employee benefits | $17,067 |
| Payroll taxes | $20,563 |
| 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 | $12,517 |
| Fees for services: Other | $252,570 |
| Advertising and promotion | $239,370 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $215,132 |
| Travel | $13,107 |
| 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 | $50,131 |
| Insurance | $14,009 |
| All other expenses | $25,889 |
| Total functional expenses | $2,733,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $270,294 |
| Savings and temporary cash investments | $41,058 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,604 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $719,606 |
| Prepaid expenses and deferred charges | $3,423 |
| Net Land, buildings, and equipment | $311,906 |
| Investments—publicly traded securities | $1,465,597 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $801,457 |
| Other assets | $41,574 |
| Total assets | $3,670,519 |
| Accounts payable and accrued expenses | $141,252 |
| 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 | $843,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $985,100 |
| Net assets without donor restrictions | $2,685,419 |
| 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 | $3,670,519 |
Grants Awarded
Over the last fiscal year, The Empty Stocking Fund Inc has awarded $418,648 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
A GIFT FOR TEACHING PURPOSE: promote academic success | $71,232 |
CLASSROOM CENTRAL PURPOSE: promote academic success | $22,944 |
THE TEACHER'S DESK PURPOSE: promote academic success | $23,280 |
CRAYONS TO CLASSROOMS PURPOSE: promote academic success | $13,728 |
PROJECT TEACHER PURPOSE: promote academic success | $23,280 |
BROWARD EDUCATION FOUNDATION PURPOSE: promote academic success | $53,088 |