Suited For Change
- Assets
- $480.6k
- Revenue
- $540.4k
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 52-1790581
Organization Overview
Suited For Change is located in Washington, DC. The organization was established in 1992. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Suited For Change employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suited For Change 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, Suited For Change generated $540.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $479.2k during the year ending 12/2021. 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
FOUNDED IN 1992, SUITED FOR CHANGE'S VISION IS TO EMPOWER THE WOMEN THEY SERVE TO PROJECT CONFIDENCE AND SELF-WORTH SO THEY SECURE PROFESSIONAL EMPLOYMENT. SFC'S MISSION IS TO EQUIP WOMEN IN NEED IN OUR COMMUNITY ON THEIR PATH TO FINANCIAL INDEPENDENCE BY PROVIDING THEM WITH PROFESSIONAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUITING - SFC PROVIDES INTERVIEW APPROPRIATE ATTIRE TO DISADVANTAGED, LOW-INCOME, AND AT-RISK WOMEN. MOST CLOTHING IS DONATED BY INDIVIDUALS AND ORGANIZATIONS THROUGHOUT THE WASHINGTON DC METROPOLITAN AREA. SERVICES ARE PROVIDED BY TRAINED VOLUNTEERS IN A RESPECTFUL AND SUPPORTIVE ENVIRONMENT.
SUITED FOR SUCCESS WORKSHOPS - SFC PROVIDES WORKSHOPS TO ITS CLIENTS IN THE DC METROPOLITAN AREA TO SUPPORT THEIR CAREER READINESS AND TO GAIN THE SKILLS NECESSARY FOR SUCCESS IN THE WORKPLACE AND IN JOB RETENTION. THESE PROGRAMS ARE RUN BY EXPERIENCED BUSINESS PROFESSIONALS WORKING IN A VOLUNTEER CAPACITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth A Reinert Executive Director | Officer | 40 | $113,003 |
Amy Fredenburg Chair & President | OfficerTrustee | 12 | $0 |
Jordan Hucht Treasurer | OfficerTrustee | 10 | $0 |
Allison Growney Vice Chair & Vice President | OfficerTrustee | 12 | $0 |
Briana Thibeau ESQ Secretary | OfficerTrustee | 5 | $0 |
Jennifer Fay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $5,130 |
| Membership dues | $0 |
| Fundraising events | $94,848 |
| Related organizations | $0 |
| Government grants | $33,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $382,871 |
| Noncash contributions included in lines 1a–1f | $76,185 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,849 |
| Total Program Service Revenue | $0 |
| Investment income | $182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,447 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $540,410 |
| 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 | $210,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $24,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,094 |
| Advertising and promotion | $0 |
| Office expenses | $7,844 |
| Information technology | $9,416 |
| Royalties | $0 |
| Occupancy | $67,839 |
| Travel | $538 |
| 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 | $12,369 |
| Insurance | $4,403 |
| All other expenses | $1,094 |
| Total functional expenses | $479,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,268 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,731 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $114,233 |
| Prepaid expenses and deferred charges | $10,556 |
| Net Land, buildings, and equipment | $27,563 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,757 |
| Other assets | $21,483 |
| Total assets | $480,591 |
| Accounts payable and accrued expenses | $6,385 |
| 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 | $65,597 |
| Total liabilities | $71,982 |
| Net assets without donor restrictions | $318,609 |
| Net assets with donor restrictions | $90,000 |
| 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 | $480,591 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Suited For Change has recieved totaling $137,841.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Workforce Development | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,487 |
John Edward Fowler Memorial Foundation Oakton, VA PURPOSE: GENERAL OPERATING | $20,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $16,100 |
Cloudbreak Foundation Inc McLean, VA PURPOSE: JOB PREPAREDNESS & CLOTHING PROGRAM FOR HOMELESS WOMEN | $10,000 |
Rapoport Family Foundation Valatie, NY PURPOSE: UNRESTRICTED | $10,000 |
Endowment Analysis
| Beg. Balance | $63,379 |
| Net Contributions | $55,624 |
| Other Expense | $29,003 |
| Ending Balance | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Generation Usa Washington, DC | $17,938,466 | $7,677,123 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Opportunity At Work Inc Washington, DC | $8,759,075 | $9,572,974 |
Second Chance Inc Baltimore, MD | $22,971,247 | $13,264,528 |
Anne Arundel Workforce Development Corporation Inc Millersville, MD | $2,854,225 | $10,470,291 |
Experience Works Inc Severna Park, MD | $76,388 | $8,997,468 |
Urban Alliance Foundation Inc Washington, DC | $17,000,062 | $13,601,733 |
Employ Prince Georges Largo, MD | $4,258,774 | $8,835,926 |
Lift Inc Washington, DC | $11,053,254 | $10,488,956 |
National Fund For Workforce Solutions Washington, DC | $8,495,293 | $1,868,629 |
Jobs For Americas Graduates Inc Alexandria, VA | $6,705,273 | $5,268,108 |
National Assoc For Law Placement Washington, DC | $6,222,827 | $4,649,351 |