Bound For Success Inc
- Assets
- $161.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Bernalillo, NM
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 85-0324100
Organization Overview
Bound For Success Inc is located in Bernalillo, NM. The organization was established in 1987. 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, Bound For Success Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bound 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 12/2022, Bound For Success Inc generated $83.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $66.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE CLOTHING TO WOMEN AND FAMILIES IN TRANSITION, PRIMARILYMINORITY FEMALES EARNING LESS THAT $12,000 PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fawn Dolan Executive Director | 5 | $0 | |
Virginia Salazar President/director | 1 | $0 | |
Autumn Maulden Sec/treas-Director | 1 | $0 | |
Jo Kelsey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,589 |
| Total Program Service Revenue | $8,361 |
| Membership dues | $0 |
| Investment income | $9,709 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $83,659 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,225 |
| Professional fees and other payments to independent contractors | $1,193 |
| Occupancy, rent, utilities, and maintenance | $10,000 |
| Printing, publications, postage, and shipping | $2,059 |
| Other expenses | $29,876 |
| Total expenses | $66,153 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,963 |
| Other assets | $0 |
| Total assets | $161,787 |
| Total liabilities | $25,996 |
| Net assets or fund balances | $135,791 |