Gifts To Give Inc
- Assets
- $97.3k
- Revenue
- $496.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Acushnet, MA
- Founding
- 11/2008
- Data as of
- 03/2023
- EIN
- 26-2475885
Organization Overview
Gifts To Give Inc is located in Acushnet, MA. The organization was established in 2008. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gifts To Give 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, Gifts To Give Inc generated $496.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $538.6k during the year ending 03/2023. 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
GIFTS TO GIVE IS A LARGE SCALE PLATFORM FOR SERVICE LEARNING, MANAGED BY ADULT VOLUNTEERS TO CONNECT THOUSANDS OF LOCAL CHILDREN TO GIVING AND SERVICE. WE CALL IT TANGIBLE PHILANTHROPY AND BIG CITIZENSHIP. CHILDREN AND THEIR FAMILIES DONATE GENTLY-USED CLOTHES, BOOKS, TOYS AND THINGS THEY NO LONGER NEED OR USE AND VOLUNTEER AT OUR REPURPOSING FACTORY TO PROCESS, ORGANIZE AND PACKAGE TONS OF DONATIONS TRANSFORMING THEM INTO THOUSANDS OF INDIVIDUAL GIFT PACKAGES THAT ARE ORDERED BY LOCAL AGENCIES AND ORGANIZATIONS FOR HOMELESS AND IN-NEED CHILDREN IN THEIR CARE. WE ALSO SUPPORT PUBLIC SCHOOLS WITH STUDENT AND ADULT VOLUNTEERS IN EARLY LITERACY PROGRAMMING IN KINDERGARTENS, DURING SCHOOL. WE ALSO PROGRAM ADULT VOLUNTEERS TO MENTOR MIDDLE SCHOOL STUDENTS, IN SCHOOL, AFTER SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFTS TO GIVE, INC. OPERATES A LARGE SCALE REPURPOSING CENTER, DESIGNED TO CONNECT THOUSANDS OF STUDENT VOLUNTEERS TO GIVING AND SERVICE THROUGH THEIR "DOING" CHILDREN PROCESS 'GENTLY USED' DONATED IN-KIND ITEMS DESIGNATED FOR OTHER CHILDREN RESIDING ON THE SOUTH COAST OF MASSACHUSETTS AND NEWPORT COUNTY, RHODE ISLAND SUCH AS CLOTHING, BOOKS, SAFETY EQUIPMENT, TOYS, HYGIENE SUPPLIES AND SCHOOL SUPPLIES. WE PARTNER WITH OVER 200 COMMUNITY AGENCIES THAT WORK DIRECTLY WITH HOMELESS AND IN-NEED CHILDREN. THESE AGENCIES ORDER FROM US AGE AND GENDER SPECIFIC GIFT PACKAGES FOR THE CHILDREN IN THEIR CARE. WE ESTIMATE THAT THIS FISCAL YEAR OVER 10,470 CHILDREN IN 4,106 FAMILIES HAVE RECEIVED THESE ITEMS FROM GIFTS TO GIVE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Stevens President / Clerk / Direct | OfficerTrustee | 50 | $0 |
Christopher Stevens Director | Trustee | 2 | $0 |
Martha E Kay Director | Trustee | 15 | $0 |
Fredick Miller Director | Trustee | 0.5 | $0 |
Joseph Winterhalter Director | Trustee | 0.5 | $0 |
Daniel Mccarthy Director | Trustee | 0.5 | $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 | $496,685 |
| Noncash contributions included in lines 1a–1f | $122,130 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $496,685 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,685 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $129,460 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,005 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $14,215 |
| Office expenses | $67,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $93,202 |
| 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 | $4,428 |
| Insurance | $11,712 |
| All other expenses | $46,830 |
| Total functional expenses | $538,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,861 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $19,578 |
| Net Land, buildings, and equipment | $23,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,317 |
| Accounts payable and accrued expenses | $14,491 |
| 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 | $14,491 |
| Net assets without donor restrictions | $82,826 |
| 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 | $97,317 |