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Clothes Helping Kids Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061519280 ✦ Albuquerque, NM ✦ Designated as a 501(c)(3)

Overview

What is Clothes Helping Kids Inc?

Clothes Helping Kids Inc is a nonprofit organization based in Albuquerque, New Mexico, specifically at 1101 Cardenas DR NE STE 201. Their primary mission is to collect donated clothing and household items from the community and sell them to a third party. The profits generated from this activity are then utilized to fund grants for charitable organizations that contribute to the betterment of children's lives, their families, and their communities. The organization employs a team of seven individuals and considers the recycling program a service, reporting associated expenses as such. By engaging in this venture, Clothes Helping Kids Inc aims to make a lasting, positive impact on various communities.


Official website here: www.clotheshelpingkids.org

Is Clothes Helping Kids Inc legitimate?

Clothes Helping Kids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clothes Helping Kids Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $68,528
Professional Fundraising Fees: $0
Other Salaries and Wages: $134,228

For more financial information, click here


Official website here: www.clotheshelpingkids.org

What is the mission statement of Clothes Helping Kids Inc?

Clothes Helping Kids Inc is an organization that is committed to raising funds to support charitable organizations making lasting, positive impacts in the lives of children, their families, and their communities. They achieve this by collecting donated clothing and household items from the public and selling them to a third party. The excess revenue generated from this recycling program is then utilized to grant funds to charities that share the same mission. The organization views this recycling activity as a program service and reports associated expenses accordingly. Their primary goal is to contribute to the betterment of children's lives and communities by supporting charitable organizations that share this vision.


Official website here: www.clotheshelpingkids.org

Who is the CEO of Clothes Helping Kids Inc?

John Salamack is the Senior Offic of Clothes Helping Kids Inc.


Official website here: www.clotheshelpingkids.org

What is the revenue of Clothes Helping Kids Inc?

Clothes Helping Kids Inc's revenue in 2023 was $493,362.


Official website here: www.clotheshelpingkids.org

Who are the executives of Clothes Helping Kids Inc and what are their salaries?

The average compensation at Clothes Helping Kids Inc during 2023 was $28,965. There are 7 employees and 133 volunteers at Clothes Helping Kids Inc.

Here are 7 key members and their salaries:

    Sheri Arellano (Senior Offic)
  • Compensation: $53,528
  • Related: $0
  • Other: $0

    • John Salamack (Executive Di)
  • Compensation: $15,000
  • Related: $0
  • Other: $0

    • Sigrid E Olson (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Leach (Vice-Preside) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harold T Nilsson (Secretary/Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia M Stelzner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Troy Bradley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.clotheshelpingkids.org

    Where can I find the form 990 for Clothes Helping Kids Inc?

    The Clothes Helping Kids Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.clotheshelpingkids.org

    Learn more at the official website: www.clotheshelpingkids.org

    Mission Statement of Clothes Helping Kids Inc

    Clothes Helping Kids Inc, as a nonprofit organization, is dedicated to raising funds for charitable entities that aim to bring about lasting, positive changes in the lives of children, their families, and their communities. This is achieved through the sale of donated clothing and household items. The organization collects these donations from the general public and then sells them to an unrelated third party. The management and board of directors view this household recycling activity as a program service of the organization, and the expenses associated with it are reported as such. The excess revenue generated from the operation of this recycling program is then utilized to grant funds to charitable organizations that are making significant, positive impacts in the lives of children, their families, and their communities. In essence, Clothes Helping Kids Inc serves as a conduit, leveraging the sale of donated items to support other charities that are committed to uplifting and bettering the lives of children and their communities.

    Impact

    This information is meant to be a general summary of Clothes Helping Kids Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Clothes Helping Kids Inc's impact is seen in the lasting, positive differences it makes in the lives of children, their families, and their communities. By raising money through the sale of donated clothing and household items, the organization is able to provide grants to charitable organizations with missions dedicated to improving the well-being of children and their communities. This initiative not only supports these crucial causes but also promotes recycling and sustainable practices by repurposing donated items. Through its unique approach, Clothes Helping Kids Inc plays a vital role in fostering a brighter future for vulnerable populations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,452
  • Program Service Revenue: $0
  • Gross Receipts: $916,208

    • Assets and Liabilities:
  • Total Assets: $547,845
  • Total Liabilities: $158,516
  • Net Assets: $389,329
  • Organization Details

    Founding Year

    1999

    Principal Officer

    John Salamack

    Main Address

    1101 CARDENAS DR NE STE 201, ALBUQUERQUE, NM, 87110

    NTEE Category

    Code: T99 - Philanthropy

    If you are a representative of Clothes Helping Kids Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.