Clothes To Kids Ri
- Assets
- $342.4k
- Revenue
- $688.8k
- Investments
- $0.0
- Employees
- 9
- Location
- Providence, RI
- Founding
- 06/2016
- Data as of
- 12/2022
- EIN
- 81-1292784
Organization Overview
Clothes To Kids Ri is located in Providence, RI. The organization was established in 2016. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Clothes To Kids RI employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothes To Kids RI 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, Clothes To Kids RI generated $688.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $700.0k during the year ending 12/2022. While expenses have increased by 29.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE NEW AND QUALITY USED CLOTHING TO LOW-INCOME OR IN-CRISIS, SCHOOL-AGE CHILDREN IN PROVIDENCE COUNTY, RHODE ISLAND, FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLOTHES TO KIDS RI, INC. ("CTK RI") ENTERED IT' SEVENTH YEAR OF OPERATIONS. DURING 2022, A RECORD NUMBER OF 2611 WARDROBES WERE PROVIDED TO LOW-TO-MODERATE INCOME CHILDREN LIVING IN PROVIDENCE COUNTY, RHODE ISLAND. AS OF MARCH 1, 2022 CTK RI'S EXECUTIVE DIRECTOR AND CO-FOUNDER EVA-MARIE MANCUSO ACCEPTED A SENIOR ROLE IN THE RHODE ISLAND GOVERNOR'S OFFICE. SHE WILL CONTINUE TO PLAY AN ACTIVE ROLE IN THE ORGANIZATION AS A BOARD MEMBER. THE PRESIDENT OF THE BOARD, PETER BARTON, HAS ASSUMED EXECUTIVE DIRECTOR FUNCTIONS ON AN UN-PAID VASIS. THE ORGANIZATION IS LOOKING FORWARD TO BUILDING UPON THE TREMENDOUS SUCCESSES IT HAS ACHIEVED SINCE IT'S FOUNDING IN 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eva-Marie Mancuso CEO Through 2/28/22; Now Director | OfficerTrustee | 30 | $10,213 |
Karen Cabral Director Of Operations | Officer | 30 | $34,580 |
Peter Barton President & Treasurer | OfficerTrustee | 20 | $0 |
Mary Beth Nunnery Secretary | OfficerTrustee | 6 | $0 |
Sean Feeney Director | Trustee | 2 | $0 |
Christine Mckee Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $39,126 |
| Related organizations | $0 |
| Government grants | $13,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $638,713 |
| Noncash contributions included in lines 1a–1f | $482,276 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $691,639 |
| 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 | -$2,806 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $688,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $539,440 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $44,793 |
| Compensation of current officers, directors, key employees. | $2,043 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,690 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,514 |
| Advertising and promotion | $0 |
| Office expenses | $7,396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,062 |
| 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 | $5,077 |
| Insurance | $2,433 |
| All other expenses | $0 |
| Total functional expenses | $700,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,092 |
| 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 | $236,925 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $342,353 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $342,353 |
| 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 | $342,353 |