Bare Necessities Inc
- Assets
- $105.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clinton, CT
- Founding
- 12/2015
- Data as of
- 12/2021
- 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 12/2021, Bare Necessities Inc generated $122.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 55.3% each year . All expenses for the organization totaled $85.2k during the year ending 12/2021. While expenses have increased by 49.7% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
DISTRIBUTED OVER 355,000 DIAPERS DURING 2021 TO FAMILILES IN NEED ALONG THE CONNECICUT 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 |
|---|---|---|---|
Nancy Popp Vice President | 5 | $0 | |
Rose Mclaughlin Treasurer | 5 | $0 | |
Tina Bascom President | 20 | $0 | |
Megan Maruzo Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,082 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12,946 |
| Other Revenue | $0 |
| Total Revenue | $122,060 |
| 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 | $551 |
| Occupancy, rent, utilities, and maintenance | $15,893 |
| Printing, publications, postage, and shipping | $238 |
| Other expenses | $68,527 |
| Total expenses | $85,209 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,718 |
| Other assets | $0 |
| Total assets | $105,317 |
| Total liabilities | $0 |
| Net assets or fund balances | $105,317 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bare Necessities Inc has recieved totaling $18,041.
| Awarding Organization | Amount |
|---|---|
Westbrook Foundation Inc Westbrook, CT PURPOSE: GRANT TO STRENGTHEN THE PROGRAMS & SERVICES OF BARE NECESSITES TO PROVIDE DIAPERS TO THE WESTBROOK COMMUNITY | $6,000 |
American Savings Foundation Inc New Britain, CT PURPOSE: COMMUNITY GRANTS - DIAPER PROGRAM 2022 | $5,000 |
Olga Sipolin Childrens Fund 0006350310 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Huisking Foundation Inc Pittsboro, NC PURPOSE: BABY SUPPLIES FOR FAMILIES IN NEED | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharp Charitable Tr Newton, MA | $8,222,395 | $1,860,011 |
Kollel Bais Yisrael Brooklyn, NY | $246,843 | $998,434 |
Bais Eluzer Fund Monroe, NY | $1,452,032 | $712,379 |
Little Essentials Brooklyn, NY | $330,194 | $693,584 |
Bundles Of Joy New York Inc Bronxville, NY | $395,317 | $592,898 |
Joyce Hergenhan Private Foundation Fairfield, CT | $4,037,389 | $229,293 |
Songs Of Love Foundation Forest Hills, NY | $1,668,057 | $546,584 |
Clark Gillies Foundation Farmingdale, NY | $420,107 | $657,215 |
Juvenile Diabetes Cure Alliance New York, NY | $104,904 | $568,991 |
Brides Across America Andover, MA | $512,791 | $461,175 |
Commonwealth Cares Fund Inc Waltham, MA | $1,360,663 | $804,758 |
Cardinal Kung Foundation Inc Stamford, CT | $669,690 | $284,920 |