Overview
What is Student Clothing Bank?
The Student Clothing Bank is a nonprofit organization situated in Albuquerque, New Mexico. Its primary mission is to assist indigent school students from kindergarten to grade 12 by providing them with essential clothing items such as socks, underwear, shoes, jeans, shirts, jackets, and toiletries. Additionally, they offer school supplies and books. Moreover, the organization also provides uniforms to students attending schools that require them. In total, they have successfully served 1996 students with these provisions. The Student Clothing Bank is operated by a team of 21 dedicated individuals.
Official website here: www.locker505.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Student Clothing Bank has received an overall score of 88%, indicating a solid performance in accountability and finance. This score is derived entirely from the Accountability & Finance beacon, highlighting the organization’s commitment to transparency and responsible financial management. Notably, the organization boasts a fully independent board with all eight members meeting the criteria, alongside a commendable financial oversight structure.
Strengths include a high program expense ratio of 82.75%, demonstrating that the majority of funds are allocated directly to its mission. Additionally, the organization has no reported material diversion of assets and maintains a healthy liabilities-to-assets ratio of 0.07%. While the financial practices and governance structures are strong, it is important to note the absence of conflict of interest and whistleblower policies, which are critical for enhancing accountability and trust.
Overall, the Student Clothing Bank showcases a commitment to effective financial stewardship, bolstered by strong governance practices. However, addressing the gaps in policy documentation could strengthen its overall accountability framework and enhance donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Student Clothing Bank legitimate?
Student Clothing Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Student Clothing Bank 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,215
For more financial information, click here
Official website here: www.locker505.org
What is the mission statement of Student Clothing Bank?
The Student Clothing Bank's mission is centered around providing clothing essentials to underprivileged students in kindergarten to grade 12. Their objective is to ensure that these students have access to new socks, underwear, shoes, and a selection of gently used jeans, shirts, and jackets. Additionally, the bank distributes toiletries, books, and school supplies. In schools that mandate uniforms, the bank also provides these items to the students in need.
Official website here: www.locker505.org
Who is the CEO of Student Clothing Bank?
Margie Pintzow is the Operations Coordinator of Student Clothing Bank.
Official website here: www.locker505.org
What is the revenue of Student Clothing Bank?
Student Clothing Bank's revenue in 2023 was $630,844.
Official website here: www.locker505.org
Who are the executives of Student Clothing Bank and what are their salaries?
The average compensation at Student Clothing Bank during 2023 was $9,248. There are 21 employees and 20 volunteers at Student Clothing Bank.
Here are 15 key members and their salaries:
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Official website here: www.locker505.org
Where can I find the form 990 for Student Clothing Bank?
Student Clothing Bank's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.locker505.org
Learn more at the official website: www.locker505.org
Mission Statement of Student Clothing Bank
The Student Clothing Bank, as an organization, is dedicated to serving indigent school students in kindergarten through grade 12. Its mission is centered around providing essential clothing items, aiming to clothe each student in need. This includes supplying new socks, underwear, and shoes, as well as a mix of new and gently used jeans, shirts, and jackets. Toiletries, books, and school supplies are also distributed among the students. Moreover, the bank ensures that students attending schools requiring uniforms receive these as well. Beyond clothing, the Student Clothing Bank also provides essentials like toiletries, books, and school supplies, aiming to support these students holistically.
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Impact
July, 2024
Student Clothing Bank provided clothing and essential items to 1996 indigent school students in Albuquerque, NM. Each student received new socks, underwear, shoes, a variety of new and gently used clothing items, toiletries, books, school supplies, and even uniforms for schools with uniform requirements. Through their mission to clothe indigent school students from kindergarten to grade 12, Student Clothing Bank made a tangible impact on the lives of these students by helping them meet their basic needs and participate fully in their education.
This information is meant to be a general summary of Student Clothing Bank. 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 2023.
- Gross Receipts: $630,844
Assets and Liabilities:
- Total Assets: $394,720
- Total Liabilities: $294
- Net Assets: $394,426
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Organization Details
Founding Year
2014
Phone
(505) 294-1647Principal Officer
Margie Pintzow
Main Address
PO Box 94735, Albuquerque, NM, 87199
Website
www.locker505.orgNTEE Category
Code: P30 - Human services
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