Beds For Kids Inc
- Assets
- $695.2k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 13
- Location
- Charlotte, NC
- Founding
- 07/2011
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Beds For Kids Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A BED AND OTHER ESSENTIAL FURNITURE TO EVERY CHILD AND PARENTS IN CHARLOTTE NC
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 |
|---|---|---|---|
Malcolm Graham Executive Director | Officer | 40 | $70,600 |
Seth Firquin Board Chairman | Trustee | $0 | |
Manny Rodriguez Board Member Vice Ch | Trustee | $0 | |
Daniel Fogarty Board Member | Trustee | $0 | |
Erin Gotterbarm Board Member | Trustee | $0 | |
Bryant Gatrell Board Member | Trustee | $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 | $1,329,683 |
| Noncash contributions included in lines 1a–1f | $335,432 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,329,683 |
| Total Program Service Revenue | $0 |
| Investment income | $32 |
| 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 | $41,402 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,443,722 |
| 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. | $70,600 |
| Compensation of current officers, directors, key employees. | $7,060 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $292,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,991 |
| Payroll taxes | $26,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $4,620 |
| Office expenses | $17,348 |
| Information technology | $2,985 |
| Royalties | $0 |
| Occupancy | $169,544 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,495 |
| Insurance | $20,483 |
| All other expenses | $122,254 |
| Total functional expenses | $1,339,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,145 |
| Savings and temporary cash investments | $267,875 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,378 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $35,210 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $113,567 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,000 |
| Total assets | $695,175 |
| Accounts payable and accrued expenses | $9,308 |
| 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 | $9,308 |
| Net assets without donor restrictions | $685,867 |
| 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 | $695,175 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Beds For Kids Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
S Gary Spicer Sr Foundation Grosse Pointe, MI PURPOSE: GENERAL SUPPORT | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Food Force Inc Mcdonough, GA | $2,007,344 | $13,651,508 |
Crisis Assistance Ministry Charlotte, NC | $9,210,179 | $12,946,602 |
Urban Ministries Of Wake County Inc Raleigh, NC | $7,262,423 | $11,747,038 |
Hca Hope Fund Nashville, TN | $21,200,285 | $11,328,129 |
North Fulton Community Charities Inc Roswell, GA | $11,894,105 | $9,822,757 |
Mercy Chefs Inc Portsmouth, VA | $5,186,203 | $10,305,611 |
Together Rising Falls Church, VA | $3,141,872 | $7,574,993 |
Graceworks Ministries Inc Franklin, TN | $5,757,602 | $9,107,244 |
The Center For Family Resources Inc Marietta, GA | $3,412,600 | $7,984,553 |
Food For Others Inc Fairfax, VA | $7,441,575 | $8,993,169 |
Anderson Interfaith Ministries Inc Anderson, SC | $3,291,014 | $7,774,313 |
Cooperative Ministry Columbia, SC | $4,164,954 | $7,208,080 |