Overview
What is Catie's Closet Inc?
Catie's Closet Inc, based in Dracut, Massachusetts (01826), serves as an in-school resource for students facing financial hardships. With a mission to assist students living below the poverty line, they offer clothing and essential necessities within school premises. This initiative aims to enhance school attendance, foster emotional well-being, and promote academic progress, ultimately contributing to improved graduation rates. With a modest workforce of 18 individuals, Catie's Closet Inc plays a significant role in supporting vulnerable students, thereby contributing positively to their educational journey.
Official website here: www.catiescloset.org
What are the reviews and ratings of this charity?
Catie's Closet Inc has received a commendable Four-Star out of Four Star rating from Charity Navigator, with an overall score of 96%. This high rating reflects the organization’s strong commitment to accountability and financial health, particularly demonstrated by a 97 score in the Accountability & Finance category. The charity excels in independent governance, with a fully independent board of directors and robust financial oversight practices in place.
Strengths highlighted include a remarkable program expense ratio of 93.56%, demonstrating efficient use of funds towards its mission of providing children in need with clothing and essential items. The organization also scores well in culture and community, with high marks for constituent feedback and engagement practices. Their strategic goals focus on scaling their impact, diversifying revenue, and promoting the well-being of the children they serve, which indicates proactive leadership and adaptability.
While the financial and operational strengths are apparent, there may be areas for improvement in equity strategies as indicated by a score of 79. This reflects an opportunity to enhance their inclusivity and reach within diverse communities. Overall, Catie's Closet appears to maintain a strong organizational health and a clear mission aligned with community needs.
User reviews from GreatNonprofits could not be fetched.
This AI summary has been generated from information found on Charity Navigator.
Is Catie's Closet Inc legitimate?
Catie's Closet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Catie's Closet 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $109,687
Professional Fundraising Fees: $0
Other Salaries and Wages: $612,851
For more financial information, click here
Official website here: www.catiescloset.org
What is the mission statement of Catie's Closet Inc?
Catie's Closet Inc's mission is centered around improving the academic journey of students facing economic hardships. By establishing an in-school resource, the organization provides essential clothing and necessities to students who are homeless, living in poverty, or have low income. This initiative aims to boost their school attendance, emotional well-being, and academic progress, ultimately contributing to their graduation. In essence, Catie's Closet Inc seeks to empower these students and enhance their overall academic success.
Official website here: www.catiescloset.org
Who is the CEO of Catie's Closet Inc?
Anne-Marie Sousa is the President of Catie's Closet Inc. The CEO's salary of Catie's Closet Inc is $99,988 and their total compensation is $109,686.
Official website here: www.catiescloset.org
What is the revenue of Catie's Closet Inc?
Catie's Closet Inc's revenue in 2022 was $7,265,589.
Official website here: www.catiescloset.org
Who are the executives of Catie's Closet Inc and what are their salaries?
The average compensation at Catie's Closet Inc during 2022 was $40,141. There are 18 employees and 385 volunteers at Catie's Closet Inc.
Here are 10 key members and their salaries (Catie's Closet Inc's CEO's salary is $99,988 and their total compensation is $109,686):
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- Compensation: $99,988
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- Other: $9,698
- Compensation: $97,547
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- Other: $18,857
Official website here: www.catiescloset.org
Where can I find the form 990 for Catie's Closet Inc?
Catie's Closet Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catiescloset.org
Learn more at the official website: www.catiescloset.org
Mission Statement of Catie's Closet Inc
Catie's Closet Inc is a nonprofit organization with a mission to enhance the academic success and emotional well-being of students who are economically disadvantaged. The organization achieves this by providing in-school access to essential items such as clothing and basic necessities. By doing so, Catie's Closet aims to improve the school attendance, grade progression, and ultimately, the graduation rates of these students. In essence, the nonprofit's mission is to empower these students, helping them overcome the challenges posed by poverty and secure a brighter future.
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Impact
October, 2024
Catie's Closet Inc significantly enhances students' educational experiences and life outcomes by addressing critical barriers to attendance and academic success. By offering in-school access to clothing and basic necessities, Catie's Closet plays a vital role in supporting students who are homeless or living in poverty. This direct access helps to reduce the stigma associated with economic hardship and empowers students to focus on their education rather than their circumstances.
The impact of Catie's Closet is evident in improved school attendance, enhanced emotional well-being, and better grade progression among students. When students have the clothing and necessities they need, they can engage more fully in their educational environment, leading to higher graduation rates. Through its dedicated efforts, Catie's Closet fosters a sense of dignity and self-worth, enabling students to pursue their academic goals with confidence and resilience.
This information is meant to be a general summary of Catie's Closet Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,506
- Gross Receipts: $7,290,887
Assets and Liabilities:
- Total Assets: $5,324,360
- Total Liabilities: $448,662
- Net Assets: $4,875,698
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Organization Details
Founding Year
2010
Phone
(978) 957-2200Principal Officer
Anne-Marie Sousa
Main Address
28 Loon Hill Road, Dracut, MA, 01826
Website
www.catiescloset.orgNTEE Category
Code: P60 - Human services
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