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Beds For Kids Inc

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

EIN: 274153074 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Beds For Kids Inc?

Beds For Kids Inc, located in Charlotte, North Carolina, is a compassionate nonprofit organization that focuses on providing essential services to children and their families in need. Their primary mission is to ensure that every child and parent in the area has access to a bed and other necessary furniture. With a dedicated team of 16 employees, they strive to make a significant impact on the community by offering these essential items, thereby enhancing the overall living conditions of the families they serve. The organization's activity and mission descriptions highlight their commitment to providing essential furniture, which is a vital aspect of a child's well-being and comfort.


Official website here: www.bedsforkids.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96%, Four-Star out of Four Star Rating

Beds For Kids Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is based entirely on a strong accountability & finance score of 96%. This exceptional rating reflects the organization’s commitment to transparency and sound financial management.

The organization boasts a fully independent board with 100% independent members, demonstrating a commitment to governance and ethical oversight. Additionally, it has robust financial monitoring practices in place, evidenced by a well-functioning audit and oversight committee. The absence of material diversions of assets and the presence of various policies, including conflict of interest and whistleblower protections, further solidify its credibility.

While the ratings are overwhelmingly positive, potential donors and stakeholders should consider the context of the organization's operations and the scope of its programs. With a program expense ratio of 88.98%, Beds For Kids Inc effectively allocates resources to its mission, although it is important for supporters to stay informed about the evolving needs and impacts of the nonprofit sector.


This AI summary has been generated from information found on Charity Navigator.

Is Beds For Kids Inc legitimate?

Beds For Kids Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beds For 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $89,785
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,208

For more financial information, click here


Official website here: www.bedsforkids.org

What is the mission statement of Beds For Kids Inc?

Beds For Kids Inc, as an organization, is committed to providing a bed and essential furniture to every child and parent in need. Their mission is to ensure that no child or family goes without these basic necessities. They aim to alleviate the burden of lack of essential furniture, contributing to a more comfortable living environment for the children and their families. Through their activities, they offer beds and other necessary services, striving to improve the living conditions of underprivileged families.


Official website here: www.bedsforkids.org

Who is the CEO of Beds For Kids Inc?

Lauren Evans is the Executive Di of Beds For Kids Inc.


Official website here: www.bedsforkids.org

What is the revenue of Beds For Kids Inc?

Beds For Kids Inc's revenue in 2022 was $1,484,652.


Official website here: www.bedsforkids.org

Who are the executives of Beds For Kids Inc and what are their salaries?

The average compensation at Beds For Kids Inc during 2022 was $27,687. There are 16 employees and 2000 volunteers at Beds For Kids Inc.


Here are 12 key members and their salaries:


Jeff Alexander (Executive Di)
  • Compensation: $51,604
  • Related: $0
  • Other: $0
Lauren Evans (Executive Di)
  • Compensation: $38,182
  • Related: $0
  • Other: $0
Joey Amoako (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Brown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Buffie (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Firquin (Board Chairm)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daniel Fogarty (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bryant Gatrell (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Gotterbarm (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brandon Lawn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Manny Rodrigues (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Shaw (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bedsforkids.org

Where can I find the form 990 for Beds For Kids Inc?

Beds For Kids Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bedsforkids.org

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

Mission Statement of Beds For Kids Inc

Beds For Kids Inc, as a nonprofit organization, is committed to a noble mission. Their primary goal is to provide a bed and essential furniture to every child and parent in need, residing in Charlotte. This mission is a testament to their dedication to ensuring the basic comfort and necessities are met for the young and their caregivers. By offering these essential items, Beds For Kids Inc aims to create a more conducive living environment for the families they serve. Their work is centered around the belief that every child deserves a good night's sleep and a safe place to rest, which is a fundamental right that should not be overlooked.

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Impact




October, 2024

Beds For Kids Inc significantly enhances the well-being of children and families in Charlotte, NC, by ensuring that every child has access to a bed and essential furniture. This initiative directly addresses a critical need in the community, where adequate sleeping arrangements can impact a child’s health, education, and overall quality of life.

By providing beds and other crucial services, Beds For Kids Inc helps to foster a sense of stability and security in the homes of families facing hardships. This support not only improves the immediate living conditions but also promotes healthier sleep patterns and better school performance among children. The organization's commitment to meeting these fundamental needs plays a vital role in uplifting families, creating a stronger community overall and helping to break the cycle of poverty.




This information is meant to be a general summary of Beds For Kids 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.

Revenue
$1,484,652 (2022)
Expenses
$1,503,062 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,340
  • Program Service Revenue: $81,254
  • Gross Receipts: $1,537,446

Assets and Liabilities:

  • Total Assets: $1,011,322
  • Total Liabilities: $363,258
  • Net Assets: $648,064

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM REVENUE

Revenue

$81,254

Organization Details

Founding Year

2010

Principal Officer

Lauren Evans

Main Address

4200 REVOLUTION PARK DRIVE, CHARLOTTE, NC, 28217

NTEE Category

Code: P60 - Human services

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