The Diaper Bank Of Connecticut Inc
- Assets
- $2.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 13
- Location
- North Haven, CT
- Founding
- 09/2005
- Data as of
- 06/2022
- EIN
- 20-1179912
Organization Overview
The Diaper Bank Of Connecticut Inc, operating under the name The Diaper Bank, is located in North Haven, CT. The organization was established in 2005. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Diaper Bank employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diaper 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 06/2022, Diaper Bank generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 12.6% 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
THE ORGANIZATION'S FOCUS FOR THE NEXT FISCAL YEAR IS TO UTILIZE A SIGNIFICANT PORTION OF THE REMAINING FUNDS FOR THE CONTINUED EXPANSION OF DIAPER DISTRIBUTION THROUGHOUT THE STATE OF CONNECTICUT AND EMERGENCY COVID RELATED DISTRIBUTION. THE ORGANIZATION WILL ALSO CONTINUE IN ITS MISSION AS FOLLOWS:1) TO ENSURE THAT FAMILIES LIVING IN POVERTY HAVE AN ADEQUATE SUPPLY OF DIAPERS, PERIOD SUPPLIES, AND INCONTINENCE PRODUCTS;2) TO RAISE COMMUNITY AWARENESS THAT "BASIC HUMAN NEEDS" INCLUDE DIAPERS, PERIOD SUPPLIES,AND INCONTINENCE PRODUCTS AND THAT THESE NEEDS ARE NOT BEING MET FOR INDIVIDUALS AND FAMILIES LIVING IN POVERTY;3) TO ADVOCATE FOR POLICY REFORM SO THAT DIAPERS, PERIOD SUPPLIES, AND INCONTINENCE PRODUCTS ARE INCLUDED IN THE DEFINITION OF AND PROVISION FOR THE "BASIC HUMAN NEEDS" OF FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S FOCUS FOR THE NEXT FISCAL YEAR IS TO UTILIZE A SIGNIFICANT PORTION OF THE REMAINING FUNDS FOR THE CONTINUED EXPANSION OF DIAPER DISTRIBUTION AND PERIOD SUPPLIES THROUGHOUT THE STATE OF CONNECTICUT AND EMERGENCY COVID RELATED DISTRIBUTION. THE ORGANIZATION WILL ALSO CONTINUE IN ITS MISSION AS FOLLOWS:1) TO ENSURE THAT LOW INCOME FAMILIES HAVE AN ADEQUATE SUPPLY OF DIAPERS FOR THEIR INFANTS AND TODDLERS AS WELL AS ADULT INCONTINENCE PRODUCTS AND PERIOD SUPPPLIES FOR THE ELDERLY. 2) TO RAISE COMMUNITY AWARENESS THAT BASIC HUMAN NEEDS INCLUDE DIAPERS AND INCONTINENCE SUPPLIES, AND THAT THESE NEEDS ARE NOT BEING MET FOR PEOPLE LIVING IN POVERTY;3) TO ADVOCATE FOR POLICY REFORM SO THAT DIAPERS ARE INCLUDED IN THE DEFINITION OF AND PROVISION FOR THE BASIC HUMAN NEEDS OF FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Stolfi-Alfano Executive Director-Ex Offi | OfficerTrustee | 40 | $90,664 |
Tara Axler Chair Of The Board | OfficerTrustee | 2 | $0 |
Natasha Ray Secretary | OfficerTrustee | 1 | $0 |
Luis Olmo-Rivera Vice Chair | OfficerTrustee | 1 | $0 |
Anne Jerome Director | Trustee | 1 | $0 |
Patricia A Alston Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,022,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,062,446 |
| Noncash contributions included in lines 1a–1f | $465,050 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,085,007 |
| Total Program Service Revenue | $2,795 |
| 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 | $50,094 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,137,896 |
| 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 | $485,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,284 |
| Payroll taxes | $57,392 |
| 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 | $88,683 |
| Advertising and promotion | $21,623 |
| Office expenses | $11,420 |
| Information technology | $15,877 |
| Royalties | $0 |
| Occupancy | $211,549 |
| 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 | $6,662 |
| Insurance | $6,250 |
| All other expenses | $1,140 |
| Total functional expenses | $1,807,102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $512,965 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,611,386 |
| 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 | $639,360 |
| Prepaid expenses and deferred charges | $66,499 |
| Net Land, buildings, and equipment | $25,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,855,644 |
| Accounts payable and accrued expenses | $17,180 |
| Grants payable | $0 |
| Deferred revenue | $1,841,179 |
| 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 | $1,858,359 |
| Net assets without donor restrictions | $997,285 |
| 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 | $2,855,644 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Diaper Bank Of Connecticut Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: DIAPER DISTRIBUTION NETWORK SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tremont Credit Union Milton, MA | $244,401,139 | $9,907,662 |
Connecticut Student Loan Foundtion Hartford, CT | $126,010,687 | $4,816,146 |
Provident Loan Society Of New York New York, NY | $16,413,058 | $4,285,682 |
Saint Elizabeth Community Warwick, RI | $33,952,734 | $6,477,601 |
The Diaper Bank Of Connecticut Inc North Haven, CT | $2,855,644 | $2,137,896 |
Rent Reporter Inc New York, NY | $2,937,581 | $1,945,762 |
St Lawrence County Indust Develop Agency Local Develop Corporation Canton, NY | $15,837,974 | $736,257 |
Rhode Island Bankers Association Providence, RI | $265,369 | $280,556 |
Brooklyn Alliance Capital Inc Brooklyn, NY | $951,922 | $509,924 |
New Haven Scholarship Fund Inc New Haven, CT | $3,477,521 | $597,710 |
National Association Of Tax Professionals Inc Binghamton, NY | $229,828 | $164,483 |
American Legion Ellicottville, NY | $221,796 | $143,801 |