Beds For Kids Inc
- Assets
- $2.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 13
- Location
- Charlotte, NC
- Founding
- 07/2011
- Data as of
- 12/2023
- EIN
- 27-4153074
Organization Overview
Beds For Kids Inc is located in Charlotte, NC. The organization was established in 2011. 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, Beds For Kids Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beds For Kids 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 12/2023, Beds For Kids Inc generated $3.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
THE MISSION OF BEDS FOR KIDS IS TO PROVIDE BEDS AND ESSENTIAL FURNITURE TO CHILDREN AND THEIR FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE BEDS AND OTHER ESSENTIAL SERVICES TO CHILDREN AND FAMILIES IN NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren Evans Executive Di | Officer | 40 | $40,000 |
Joey Amoako Treasurer | Trustee | 2 | $0 |
Jennifer Ashburn Board Member | Trustee | 2 | $0 |
Jeff Brown Board Member | Trustee | 2 | $0 |
David Buffie Board Member | Trustee | 2 | $0 |
Kevin Eamigh Board Member | 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 | $2,782,097 |
| Noncash contributions included in lines 1a–1f | $1,279,918 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,782,097 |
| Total Program Service Revenue | $95,889 |
| Investment income | $7,167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,192 |
| Net Income from Fundraising Events | $193,267 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,093,612 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $792,036 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $4,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,450 |
| Payroll taxes | $38,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,918 |
| Advertising and promotion | $31,040 |
| Office expenses | $25,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $271,846 |
| 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 | $21,272 |
| Insurance | $11,120 |
| All other expenses | $0 |
| Total functional expenses | $1,919,319 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $306,136 |
| Savings and temporary cash investments | $167,397 |
| Pledges and grants receivable | $411,426 |
| Accounts receivable, net | $11,211 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $762,724 |
| Prepaid expenses and deferred charges | $38,779 |
| Net Land, buildings, and equipment | $101,415 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,877 |
| Total assets | $2,486,965 |
| Accounts payable and accrued expenses | $15,557 |
| 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 | $649,051 |
| Total liabilities | $664,608 |
| Net assets without donor restrictions | $1,822,357 |
| 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 | $2,486,965 |