Suited For Success Inc
- Assets
- $213.9k
- Revenue
- $361.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Miami, FL
- Founding
- 12/1994
- Data as of
- 06/2021
- EIN
- 65-0508106
Organization Overview
Suited For Success Inc is located in Miami, FL. The organization was established in 1994. 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 06/2021, Suited For Success Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Suited For Success 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 06/2021, Suited For Success Inc generated $361.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $356.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 6 years. 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
THE ORGANIZATION'S MISSION IS TO PROVIDE PROFESSIONAL CLOTHING AND CAREER DEVELOPMENT SERVICES TO LOW-INCOME INDIVIDUALS WHO HAVE COMPLETED A JOB TRAINING OR JOB READINESS PROGRAM AND ARE ACTIVELY SEEKING EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
277 FEMALE WELFARE RECIPIENTS WERE PROVIDED PROFESSIONAL ATTIRE, A NETWORK OF SUPPORT AND THE CAREER DEVELOPMENT TOOLS NEEDED FOR SUCCESS IN JOB SEARCH AND RETENTION.
181 MALE WELFARE RECIPIENTS WERE PROVIDED PROFESSIONAL ATTIRE, A NETWORK OF SUPPORT AND THE CAREER DEVELOPMENT TOOLS NEEDED FOR SUCCESS IN JOB SEARCH AND RETENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Delacruz Board Member | Trustee | 3 | $0 |
Solange Campuzano Board Member | Trustee | 1 | $0 |
Nikki Noya Fields Board Member | Trustee | 1 | $0 |
Katherine Martinez Board Member | Trustee | 1 | $0 |
Eva Spahn ESQ Board Member | Trustee | 1 | $0 |
Shannon Nurse Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $189,246 |
| All other contributions, gifts, grants, and similar amounts not included above | $172,107 |
| Noncash contributions included in lines 1a–1f | $6,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,353 |
| 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 | $361,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $27,939 |
| 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 | $271,451 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,657 |
| Advertising and promotion | $1,020 |
| Office expenses | $14,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,947 |
| Travel | $51 |
| 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 | $4,674 |
| All other expenses | $0 |
| Total functional expenses | $356,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,734 |
| 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 | $132,190 |
| Prepaid expenses and deferred charges | $20 |
| 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 | $213,944 |
| Accounts payable and accrued expenses | $0 |
| 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 | $46,147 |
| Total liabilities | $46,147 |
| Net assets without donor restrictions | $167,797 |
| 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 | $213,944 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Suited For Success Inc has recieved totaling $30,105.
| Awarding Organization | Amount |
|---|---|
Micky And Madeleine Arison Family Foundation Coral Gables, FL PURPOSE: GENERAL SUPPORT | $30,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Co-Op Inc Miami, FL | $32,387,947 | $28,658,578 |
First Coast Workforce Development Inc Fleming Island, FL | $3,324,303 | $15,945,752 |
Careersource Palm Beach County Inc West Palm Beach, FL | $2,317,114 | $14,436,935 |
Careersource Florida Inc Tallahassee, FL | $11,274,205 | $13,537,394 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Southwest Florida Workforce Development Board Inc Fort Myers, FL | $6,992,908 | $10,165,135 |
Worknet Pinellas Inc Clearwater, FL | $1,995,144 | $7,597,320 |
Employu Inc Casselberry, FL | $5,383,927 | $11,177,844 |
Workforce Development Board Of Flagler And Volusia Counties Inc Daytona Beach, FL | $2,463,348 | $8,211,477 |
Citrus Levy Marion Regional Workforce Development Board Inc Ocala, FL | $1,453,598 | $7,509,133 |
Oic Of South Florida Inc Fort Lauderdale, FL | $1,014,122 | $6,787,267 |