Needs Inc
- Assets
- $468.3k
- Revenue
- $647.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Cheyenne, WY
- Founding
- 06/1973
- Data as of
- 06/2023
- EIN
- 23-7296257
Organization Overview
Needs Inc is located in Cheyenne, WY. The organization was established in 1973. 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 06/2023, Needs Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Needs 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 06/2023, Needs Inc generated $647.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.4%) each year. All expenses for the organization totaled $515.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LARAMIE COUNTY RESIDENTS WITH BASIC NECESSITIES OF LIFE AND THE TOOLS TO HELP THEM IMPROVE THEIR LIVES. SERVICES INCLUDE EMERGENCY FOOD PROVISIONS, CLOTHING, HOUSEHOLD ITEMS, FURNITURE, ASSISTANCE AND REFERRALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL SERVICES: NEEDS, INC, IS THE LARGEST FOOD PANTRY IN LARAMIE COUNTY PROVIDING FOOD, CLOTHING, HOUSEHOLD GOODS, FURNITURE, EMERGENCY AND CRISIS SERVICES TO LARAMIE COUNTY RESIDENTS IN NEED. NEEDS SERVED 2958 HOUSEHOLDS WITH FOOD BOXES. PROVIDED A TOTAL OF 1,366,536 POUNDS OF FOOD. THE CLOTHING CENTER WAS SHOPPED 13,097 TIMES AND PROVIDED ITEMS OF CLOTHING AND HOUSEWARES TO CLIENTS.
OPERATIONS BACK TO SCHOOL: BEGINNING IN LATE SUMMER AND EXTENDING THROUGH THE SCHOOL YEAR, NEEDS, INC. PROVIDES QUALIFIED FAMILIES WITH REQUIRED SCHOOL SUPPLIES SUCH AS PENS, PENCILS, BACKPACKS, NOTEBOOKS AND CRAYONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Brennan President | OfficerTrustee | 3 | $0 |
Tracy Wilson Vice President | OfficerTrustee | 1 | $0 |
Kelsey James Secretary | OfficerTrustee | 2 | $0 |
Chris Johnson Treasurer | OfficerTrustee | 4 | $0 |
Angellique New-Cruz Director | Trustee | 1 | $0 |
Shawndae Ogle Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $299,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $165,156 |
| Noncash contributions included in lines 1a–1f | $16,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $464,467 |
| Total Program Service Revenue | $48,719 |
| Investment income | $809 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $54,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $647,648 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,608 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $108,091 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,724 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $80 |
| Office expenses | $16,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $3,434 |
| Insurance | $13,661 |
| All other expenses | $5,502 |
| Total functional expenses | $515,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,834 |
| Savings and temporary cash investments | $206,516 |
| Pledges and grants receivable | $5,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $64,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $468,261 |
| Accounts payable and accrued expenses | $2,495 |
| 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 | $2,495 |
| Net assets without donor restrictions | $0 |
| 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 | $465,766 |
| Total liabilities and net assets/fund balances | $468,261 |