Baby Bundles
- Assets
- $850.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-3384164
Organization Overview
Baby Bundles is located in Charlotte, NC. The organization was established in 2010. 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 12/2023, Baby Bundles employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baby Bundles 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 12/2023, Baby Bundles generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 19.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE A BUNDLE OF CLOTHING AND ESSENTIAL BABY ITEMS TO FAMILIES LIVING IN FINANCIAL NEED IN THE CHARLOTTE AREA, HELPING TO FOSTER A MORE POSITIVE START FOR THEIR NEWBORN BABY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BABY BUNDLES PROVIDES BABY ESSENTIALS TO FAMILIES IN THE CHARLOTTE AREA WHO ARE LIVING AT OR BELOW THE POVERTY LINE, HELPING THEM GET A POSITIVE START WITH THEIR BABY. BABY BUNDLES PARTNERS WITH 18 COMMUNITY AGENCIES AND LOCAL HOSPITALS TO IDENTIFY THE FAMILIES IN NEED WHO WILL RECEIVE A BUNDLE OF CLOTHING, BLANKES, BOOKS AND TOYS. OUR BUNDLE MEETS AN EMERGENT NEED BUT WILL ALSO LAST OVER THE FIRST YEAR OF LIFE, SUPPORTING BASIC CLOTHING NEEDS, PROMOTING AN INFANT'S BRAIN GROWTH AND DEVELOPMENT, AND FOSTERING CAREGIVER AND INFANT BONDING, ALL OF WHICH HELPS GIVE THE NEWBORN A POSITIVE START TO LIFE. THE CONTENTS OF THE BAG ARE WORTH APPROXIMATELY $350, HELPING FAMILIES BEGIN PARENTHOOD ON THE RIGHT FOOT. APPROXIMATELY 72% OF BABY BUNDLES' EXPENSES ARE PROGRAM EXPENSES WHICH INCLUDE SOME DONATED BUNDLE SUPPLIES. NOT INCLUDED, HOWEVER, IS THE VALUE OF HUNDREDS OF VOLUNTEER HOURS OR THE VALUE OF DONATED WAREHOUSE SPACE, ALL OF WHICH BABY BUNDLES IS VERY FORTUNATE TO RECEIVE. IF THE VALUE OF THESE COULD BE INCLUDED IN THE REPORTED PROGRAM EXPENSE, THE PROGRAM EXPENSE PERCENTAGE WOULD BE MUCH HIGHER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Foust Executive Director | Officer | 40 | $88,750 |
Kevin Ballantine Chair | OfficerTrustee | 4 | $0 |
Robert Grant Chair | OfficerTrustee | 4 | $0 |
George Webb Treasurer | OfficerTrustee | 4 | $0 |
Christen Greer Secretary | OfficerTrustee | 2 | $0 |
Nepherterra Best Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $299,849 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $817,761 |
| Noncash contributions included in lines 1a–1f | $768,114 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,117,610 |
| Total Program Service Revenue | $439,936 |
| Investment income | $2,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $83,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,644,516 |
| 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. | $88,750 |
| Compensation of current officers, directors, key employees. | $17,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,340 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,108 |
| Fees for services: Accounting | $1,496 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,724 |
| Advertising and promotion | $39 |
| Office expenses | $7,854 |
| Information technology | $14,510 |
| Royalties | $0 |
| Occupancy | $29,387 |
| Travel | $1,325 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $3,019 |
| Total functional expenses | $1,191,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,508 |
| Savings and temporary cash investments | $178,615 |
| 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 | $439,936 |
| 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 | $0 |
| Total assets | $850,059 |
| Accounts payable and accrued expenses | $250 |
| 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 | $250 |
| Net assets without donor restrictions | $849,809 |
| 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 | $850,059 |