Clothes To Kids Of Denver
- Assets
- $942.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 7
- Location
- Denver, CO
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-2148733
Organization Overview
Clothes To Kids Of Denver is located in Denver, CO. The organization was established in 2008. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2021, Clothes To Kids Of Denver employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothes To Kids Of Denver 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, Clothes To Kids Of Denver generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 10.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF CLOTHES TO KIDS OF DENVER, INC. IS TO PROVIDE NEW AND QUALITY USED CLOTHING TO STUDENTS FROM LOW-INCOME OR IN-CRISIS FAMILIES IN THE DENVER METRO AREA, FREE OF CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, CTKD DISTRIBUTED 9,150 WARDROBES AND 22,541 POUNDS OF EXTRA ITEMS, WITH 93 PERCENT OF SHOPPERS SELECTING A COMPLETE WARDROBE (ALL 21 NON-OPTIONAL PIECES). AS OF DECEMBER 31, 2021, CTKD HAD PROVIDED 80,526 WARDROBES SINCE ITS FOUNDING IN 2008. TO BE ELIGIBLE FOR CLOTHING FROM CTKD, STUDENTS MUST LIVE IN METRO DENVER, BE ENROLLED IN GRADES PRESCHOOL-12 OR PURSUING A GED (21 YEARS OLD AND YOUNGER) AND BE CONSIDERED IN NEED OF ASSISTANCE BECAUSE:* THEIR FAMILY IS IN CRISIS OR EXPERIENCING ECONOMIC HARDSHIP (DUE TO COVID-19, JOB LOSS, DISASTER, POVERTY, HOMELESSNESS OR DISPLACEMENT),* THEY ARE REFUGEES OR ASYLUM SEEKERS,* THEY ARE ELIGIBLE FOR FREE OR REDUCED LUNCH (FRL) AT SCHOOL,* THEY ARE IN KINSHIP OR FOSTER CARE, AND/OR* THEY ARE RECEIVING SERVICES FROM A SCHOOL, HUMAN SERVICE AGENCY, SHELTER, HOSPITAL, CLINIC OR PLACE OF WORSHIP.IN THE 11-COUNTY DENVER METRO AREA, MORE THAN 207,000 STUDENTS QUALIFY FOR FRL. OUR HOPE IS THAT WHEN STUDENTS FEEL COMFORTABLE AND CONFIDENT IN THE CLASSROOM, THEY WILL BE BETTER ABLE TO FOCUS ON THEIR STUDIES AND FIT IN WITH THEIR PEERS. WITHOUT CTKD, THOUSANDS OF DENVER CHILDREN WOULD GO WITHOUT APPROPRIATE SCHOOL CLOTHING AND BASICS EACH YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie Lunka Executive Dir. | Officer | 40 | $70,350 |
Eric Hayes Treasurer | OfficerTrustee | 5 | $0 |
Nik Stoffel Chairman | OfficerTrustee | 5 | $0 |
Lerea Mares Sec/vice Chair | OfficerTrustee | 5 | $0 |
Camille Cox Director | Trustee | 2 | $0 |
Lesa Butler Founder | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,695 |
| Related organizations | $0 |
| Government grants | $52,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,261,673 |
| Noncash contributions included in lines 1a–1f | $897,259 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,346,175 |
| Total Program Service Revenue | $0 |
| Investment income | $1,408 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $173,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,520,924 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,003,760 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $70,350 |
| Compensation of current officers, directors, key employees. | $14,070 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $206,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $24,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,219 |
| Office expenses | $1,204 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,671 |
| 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 | $4,655 |
| Insurance | $6,970 |
| All other expenses | $11,365 |
| Total functional expenses | $1,433,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,189 |
| Savings and temporary cash investments | $532,678 |
| 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 | $201,145 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,200 |
| Total assets | $942,034 |
| Accounts payable and accrued expenses | $18,307 |
| 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 | $18,307 |
| Net assets without donor restrictions | $0 |
| 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 | $923,727 |
| Total liabilities and net assets/fund balances | $942,034 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clothes To Kids Of Denver has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
New Early Christian Church Charities Highlands Ranch, CO PURPOSE: SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make-A-Wish Foundation International Phoenix, AZ | $4,646,772 | $4,960,773 |
Clothes To Kids Of Denver Denver, CO | $942,034 | $1,520,924 |
Dress For Success Phoenix Phoenix, AZ | $1,065,433 | $956,258 |
Global Helping To Advance Women & Children Gilbert, AZ | $977,959 | $889,787 |
Ambassadors Of Compassion International Inc Longmont, CO | $481,926 | $491,812 |
Hearts Knit Together South Jordan, UT | $537,135 | $410,368 |
Wish For Wheels Denver, CO | $462,232 | $422,108 |
Kids Aid Grand Junction, CO | $833,846 | $377,155 |
Assistance League Of Wichita Inc Wichita, KS | $1,433,869 | $414,411 |
New Mexico Childrens Foundation Santa Fe, NM | $2,678,591 | $311,414 |
Johnjay And Rich Loveup Foundation Phoenix, AZ | $336,825 | $173,199 |
National Christmas Tree Association Inc Littleton, CO | $179,558 | $229,404 |