Coats For Kids-Cleveland
- Assets
- $1.1m
- Revenue
- $642.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Brunswick, OH
- Founding
- 08/1995
- Data as of
- 06/2023
- EIN
- 34-1804606
Organization Overview
Coats For Kids-Cleveland, operating under the name Coats For Kids, is located in Brunswick, OH. The organization was established in 1995. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 06/2023, Coats For Kids employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coats For Kids 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 06/2023, Coats For Kids generated $642.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $670.2k during the year ending 06/2023. While expenses have increased by 6.9% per year over the past 8 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
COAT'S FOR KIDS - CLEVELAND (CFK) IS A NON-PROFIT ORGANIZATION THAT PROVIDES NEW AND LIKE NEW COATS TO CHILDREN IN NEED IN NORTHEAST OHIO IN COOPERATION WITH SCHOOL DISTRICTS AND OTHER LOCAL CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COATS FOR KIDS PROVIDED NEW AND LIKE-NEW WINTER COATS TO CHILDREN OF SCHOOL AGE IN NORTHEAST OHIO. NEW COATS ARE PURCHASED WITH FUNDS RAISED THROUGH A VARIETY OF EVENTS ALONG WITH DONATIONS FROM BUSINESSES, FOUNDATIONS AND INDIVIDUALS. DONATED COATS ARE COLLECTED THROUGH AN ANNUAL COAT DROP OFF COMPAIGN INVOLVING MANY AREA BUSINESSES AND INDIVIDUALS. NEW COATS ARE DISTRIBUTED THROUGH A FORMAL PROGRAM INVOLVING PUBLIC SCHOOL DISTRICTS WITH THE HIGHEST PERCENTAGES OF CHILDREN LIVING BELOW FEDERAL POVERTY LEVEL WITHIN COATS FOR KIDS' 5 COUNTY SERVICE AREA. A COMBINATION OF NEW AND LIKE-NEW COATS WERE DISTRIBUTED TO ADDITIONAL SCHOOLS, CHURCHES AND OTHER COMMUNITY ORGANIZATIONS. ON AVERAGE (FOR THE PAST SEVERAL YEARS) COATS FOR KIDS HAS DISTRIBUTED MORE THAN 23,000 COATS EACH WINTER.
IN 2017, COATS FOR KIDS STARTED A NEW PROGRAM IN WHICH LOCAL COMPANIES WHO DONATE BETWEEN 10,000-15,000 CAN SPONSOR A FULL-SCHOOL COAT DISTRIBUTION EVENT ( DONATION VARIES BASED ON SCHOOL ENROLLMENT). SCHOOLS SELECTED FOR THIS PROGRAM HAVE HIGH PERCENTAGES (BETWEEN 90-100%) OF CHILDREN LIVING BELOW THE FEDERAL POVERTY LEVEL AS EVERY CHILD IN THE SCHOOL IS PROVIDED WITH A NEW WINTER COAT. SINCE FIRST SPONSORED FULL-SCHOOL EVENT IN 2017, COATS FOR KIDS CONNECTED 17 OF THESE FULL-SCHOOL EVENTS THANKS TO GENEROUS CORPORATE SPONSORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Bernstein Board Member | Trustee | 3 | $0 |
Micki Byrnes Board Member | Trustee | 3 | $0 |
Kathy Hirko Board Member | Trustee | 3 | $0 |
Keith Hotchkiss President / | OfficerTrustee | 3 | $0 |
Keith Kennedy Board Member | Trustee | 3 | $0 |
James Pazderak Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $150,593 |
| All other contributions, gifts, grants, and similar amounts not included above | $486,979 |
| Noncash contributions included in lines 1a–1f | $174,930 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $637,572 |
| Total Program Service Revenue | $0 |
| Investment income | $4,747 |
| 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 | $642,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $541,506 |
| 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 | $47,829 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,192 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268 |
| Advertising and promotion | $0 |
| Office expenses | $773 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,122 |
| Travel | $4,131 |
| 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 | $2,656 |
| All other expenses | $1,022 |
| Total functional expenses | $670,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,925 |
| Savings and temporary cash investments | $733,913 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,449 |
| Prepaid expenses and deferred charges | $1,918 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $172 |
| Total assets | $1,068,377 |
| Accounts payable and accrued expenses | $1,128 |
| 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 | $1,128 |
| Net assets without donor restrictions | $767,249 |
| Net assets with donor restrictions | $300,000 |
| 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 | $1,068,377 |