Overview
What is Radford Clothing Bank?
Radford Clothing Bank is a compassionate nonprofit organization situated in Radford, Virginia. Its primary mission is to alleviate the clothing needs of underprivileged children and their families. During August, the organization distributes clothing vouchers, enabling children to purchase coats and essential clothing items. Radford Clothing Bank relies on donations, specifically through bag and jar contributions, to generate revenue. To sustain its operations, the organization covers expenses such as office costs, building occupancy, insurance, utilities, postage, and necessary supplies. The nonprofit's dedicated efforts contribute significantly to the well-being of the community's less fortunate children and families.
Is Radford Clothing Bank legitimate?
Radford Clothing Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Radford Clothing Bank submitted a form 990EZ, 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: $0
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What is the mission statement of Radford Clothing Bank?
Radford Clothing Bank is committed to providing essential clothing for underprivileged children and their families. To achieve this, the organization distributes clothing vouchers in August, which can be used for purchasing coats and other essential garments. The financial resources for this initiative come primarily from donations, specifically collected through bag and jar contributions. The operation of Radford Clothing Bank necessitates various expenses such as office costs, building rent, insurance, utilities, postage, and supply provisions. These expenditures enable the organization to deliver its vital services effectively.
What is the revenue of Radford Clothing Bank?
Radford Clothing Bank's revenue in 2023 was $64,845.
Who are the executives of Radford Clothing Bank and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990EZ for Radford Clothing Bank?
Radford Clothing Bank's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Radford Clothing Bank
Radford Clothing Bank, as an organization, is committed to providing essential clothing items for underprivileged children and their families. To accomplish this mission, Radford Clothing Bank allocates funds in August for distributing clothing vouchers, enabling children to purchase coats and other necessary garments. The nonprofit relies on donations, primarily in the form of bags and jars, to generate income. Despite these revenue sources, the organization incurs various expenses, including office expenses, building occupancy costs, insurance premiums, utility bills, postage, and supplies, to sustain its operations. By offering these services, Radford Clothing Bank aims to support the clothing needs of those in need, promoting overall well-being and comfort for children and their families.
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Impact
October, 2024
Radford Clothing Bank provides essential clothing support to needy children and their families in the Radford, VA community. By issuing clothing vouchers each August, the organization enables local families to purchase necessary coats and clothing, directly addressing a critical need during the school year. The impact of their work is significant; it not only helps improve the quality of life for children in need but also fosters a sense of dignity and support within the community.
The organization relies on generous contributions from the community, including bag and jar donations, which cover operational expenses, ensuring that services remain available. This collaborative approach strengthens community ties and encourages a culture of giving and support. Furthermore, by managing expenses related to office operations, building occupancy, and utilities, Radford Clothing Bank can focus on maximizing its outreach, thereby enhancing its positive influence on local families facing financial hardships. By providing an essential resource, Radford Clothing Bank not only meets immediate clothing needs but also contributes to the overall well-being and stability of families within the community.
This information is meant to be a general summary of Radford 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.
- Program Service Revenue: $10,456
- Gross Receipts: $64,845
Assets and Liabilities:
- Total Assets: $31,011
- Total Liabilities: $0
- Net Assets: $31,011
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Organization Details
Principal Officer
Alice Buford
NTEE Category
Code: S99 - Community improvement
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