Staples Cause For Caring Inc
- Assets
- $1.1m
- Revenue
- $358.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- Data as of
- 01/2022
- EIN
- 84-5135177
Organization Overview
Staples Cause For Caring Inc is located in Framingham, MA. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Staples Cause For Caring 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 01/2022, Staples Cause For Caring Inc generated $358.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.1%) each year. All expenses for the organization totaled $349.6k during the year ending 01/2022. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAPLES CAUSE FOR CARING ("THE ORGANIZATION") WAS ESTABLISHED IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO CORPORATE EMPLOYEES ("ASSOCIATES") OF STAPLES, INC. AND THEIR FAMILY MEMBERS CONFRONTED WITH ECONOMIC HARDSHIP DUE TO NATURAL DISASTERS, CATASTROPHIC EVENTS, OR OTHER CIRCUMSTANCES BEYOND THEIR CONTROL. IN 2021, THE ORGANIZATION PROVIDED (178) GRANTS FOR FINANCIAL ASSISTANCE TO ASSOCIATES FOR VARIOUS ECONOMIC HARDSHIP, INCLUDING ILLNESS AND INJURY, FUNERAL EXPENSES, COVID-19 JOB IMPACT, UNEMPLOYMENT, HOMELESSNESS, NATURAL DISASTERS, DOMESTIC ABUSE, MILITARY DEPLOYMENT, AND HOUSING ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer O'beirne President Until Nov 2021 | OfficerTrustee | 2.5 | $0 |
Laura Molfetas Treasurer | OfficerTrustee | 2.5 | $0 |
Kevin V Jones Clerk | OfficerTrustee | 2.5 | $0 |
Gina Foster President As Of Dec 2021 | OfficerTrustee | 2.5 | $0 |
Vesna Dardic Director Until Dec 2021 | Trustee | 2.5 | $0 |
Joseph Gorman Director Until Dec 2021 | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $353,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $353,283 |
| Total Program Service Revenue | $0 |
| Investment income | $263 |
| 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 | $4,573 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $358,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $325,001 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,031 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $569 |
| Total functional expenses | $349,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,203 |
| Savings and temporary cash investments | $1,000,314 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,020 |
| 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 | $0 |
| 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 | $1,146,537 |
| Accounts payable and accrued expenses | $14,500 |
| 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 | $14,500 |
| Net assets without donor restrictions | $1,132,037 |
| 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 | $1,146,537 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American India Foundation New York, NY | $34,906,819 | $45,093,906 |
Ufcw Local 342 Safety Educational Cultural And Activities Fund Mineola, NY | $3,307,195 | $2,320,277 |
Hundred Club Of Connecticut Inc Glastonbury, CT | $9,211,033 | $924,745 |
Police Assisted Addiction And Recovery Initiative Inc Beverly, MA | $833,076 | $511,524 |
Emergency Services Association Of Central New York Inc Clinton, NY | $1,907,692 | $133,009 |
Keller Restaurant Relief Fund New York, NY | $232,881 | $378,111 |
Staples Cause For Caring Inc Framingham, MA | $1,146,537 | $358,119 |
Last Call Foundation Inc Braintree, MA | $461,069 | $408,964 |
Union H E L P New York, NY | $290,499 | $0 |
Lieutenant Joseph P Dibernardo Memorial Foundation Miller Place, NY | $220,677 | $199,893 |
Ossining Volunteer Fire Department Fund Raising Committee Inc Ossining, NY | $50,914 | $111,961 |
Shelter Island Ambulance Foundation Shelter Is, NY | $60,576 | $0 |