Bare Necessities Inc
- Assets
- $122.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, CT
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 38-3985314
Organization Overview
Bare Necessities Inc is located in Clinton, CT. The organization was established in 2015. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bare Necessities 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 12/2022, Bare Necessities Inc generated $97.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 42.9% each year . All expenses for the organization totaled $84.6k during the year ending 12/2022. While expenses have increased by 42.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DISTRIBUTED OVER 300,000 DIAPERS DURING 2022 TO FAMILILES IN NEED ALONG THE CONNECTICUT SHORELINE (PRIMARILY CLINTON, CT). PARTNERED WITH LOCAL CHURCHES, COMMUNITY AND SOCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tina Bascom Former President (1/1-9/30/22) | 20 | $0 | |
Nancy Popp Vice President | 5 | $0 | |
Rose Mclaughlin Treasurer | 5 | $0 | |
Megan Maruzo Secretary | 5 | $0 | |
Pamela Cyrus President (a/o 10/1/22) | 10 | $0 | |
Rodney Bascom Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,218 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $49 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $11,389 |
| Other Revenue | $0 |
| Total Revenue | $97,656 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $19,572 |
| Printing, publications, postage, and shipping | $893 |
| Other expenses | $64,108 |
| Total expenses | $84,573 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,367 |
| Other assets | $0 |
| Total assets | $122,400 |
| Total liabilities | $4,000 |
| Net assets or fund balances | $118,400 |