Save A Suit Inc
- Assets
- $324.8k
- Revenue
- $631.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Bethel, CT
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-0863507
Organization Overview
Save A Suit Inc is located in Bethel, CT. The organization was established in 2011. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Save A Suit 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 12/2021, Save A Suit Inc generated $631.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $531.4k during the year ending 12/2021. While expenses have increased by 14.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FORMER MILITARY AND COLLEGE GRADUATES WITH PROFESSIONAL BUSINESS ATTIRE AND THE CONFIDENCE NEEDED TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUITING UP VETERANS AND TRANSITIONING SERVICE MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis Carrera Executive Dir. | Officer | 40 | $28,735 |
Scott Sokolowski Chairman | OfficerTrustee | 2 | $0 |
Carl Berman Treasurer | OfficerTrustee | 2 | $0 |
Gary Kuhn Secretary | OfficerTrustee | 2 | $0 |
Troy Bree Director | Trustee | 2 | $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 | $942,846 |
| Noncash contributions included in lines 1a–1f | $650,479 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $942,846 |
| Total Program Service Revenue | $31,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,372 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$341,057 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,725 |
| Grants and other assistance to domestic individuals. | $56,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $28,735 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,408 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,884 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,786 |
| Advertising and promotion | $44,670 |
| Office expenses | $3,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,691 |
| Travel | $2,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $930 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,986 |
| Insurance | $1,370 |
| All other expenses | $1,279 |
| Total functional expenses | $531,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $262,874 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,288 |
| Total assets | $324,769 |
| Accounts payable and accrued expenses | $5,374 |
| 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 | $10,274 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $74,550 |
| Other liabilities | $71,836 |
| Total liabilities | $162,034 |
| Net assets without donor restrictions | $162,735 |
| 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 | $324,769 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Save A Suit Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
The Red Sox Foundation Inc Boston, MA PURPOSE: SCHED I SUPPLEMENTAL INFORMATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Employment Opportunities Inc New York, NY | $41,857,908 | $87,797,672 |
Mdrc New York, NY | $143,919,606 | $93,136,568 |
1199 Seiu League Training And Upgrading Fund New York, NY | $42,542,566 | $63,487,129 |
Jobs For The Future Inc Boston, MA | $45,400,683 | $55,577,164 |
Common Ground Management Corporation New York, NY | $34,376,983 | $41,849,859 |
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
Capital Workforce Partners Inc Hartford, CT | $3,681,949 | $22,085,213 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |