Student Clothing Bank
- Assets
- $394.7k
- Revenue
- $630.8k
- Investments
- $0.0
- Employees
- 21
- Location
- Albuquerque, NM
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 46-5765753
Organization Overview
Student Clothing Bank is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2023, Student Clothing Bank employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Clothing Bank 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, Student Clothing Bank generated $630.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $581.3k during the year ending 06/2023. While expenses have increased by 54.1% per year over the past 4 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
TO CLOTHE INDIGENT SCHOOL STUDENTS KINDERGARTEN-GRADE 12
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CLOTHED 1996 STUDENTS. EACH STUDENT WAS PROVIDED WITH NEW SOCKS, UNDERWEAR AND SHOES. A COMBINATION OF NEW AND GENTLY USED JEANS, SHIRTS, AND JACKETS AS WELL AS TOILETRIES, BOOKS AND SCHOOL SUPPLIES. IN ADDITION, UNIFORMS WERE ALSO PROVIDED TO STUDENTS IN SCHOOLS REQUIRING UNIFORMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Simon Operations Coordinator | Officer | 40 | $28,827 |
Margie Pinzow President | Officer | 5 | $0 |
Laura Lynne Navarro Vice President | Officer | 1 | $0 |
Lorin Saavedra Director, Member At Large | Officer | 1 | $0 |
Patti Martinez Past President | Officer | 1 | $0 |
Jeff Manly Director, Member At Large | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $49,338 |
| Related organizations | $0 |
| Government grants | $90,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $491,506 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $630,844 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $630,844 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,215 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,122 |
| Payroll taxes | $21,667 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,124 |
| Advertising and promotion | $1,605 |
| Office expenses | $23,493 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $187,932 |
| 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 | $0 |
| Insurance | $8,981 |
| All other expenses | $0 |
| Total functional expenses | $581,270 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,289 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,431 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $394,720 |
| Accounts payable and accrued expenses | -$16 |
| 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 | $310 |
| Total liabilities | $294 |
| Net assets without donor restrictions | $394,426 |
| 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 | $394,720 |