My Bag My Story
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$235,000.00
Projected Expenses
$211,291.00
Organizational Budgets and Other Documents
| Budget 2024 | 2024 |
| Budget 2023 | 2023 |
| Budget 2022 | 2022 |
| Budget 2020/2021 | 2021 |
| Projected Budget | 2020 |
IRS Letter of Exemption
| IRS Letter of Determination | 2019 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $263,145.00 | $126,429.00 | $54,396.00 |
| Total Expenses | $179,513.00 | $47,815.00 | $21,969.00 |
| Revenue Less Expenses | $83,632.00 | $78,614.00 | $32,427.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $176,058.00 | $62,651.00 | $17,000.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $75,194.00 | $53,725.00 | $29,083.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $11,893.00 | $10,053.00 | $8,313.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $52,793.00 | $26,271.00 | $14,807.00 |
| Administration Expense | $25,341.00 | $19,899.00 | $7,162.00 |
| Fundraising Expense | $5,498.00 | $1,645.00 | $0.00 |
| Total Revenue/Total Expenses | 315% | 264% | 248% |
| Program Expense/Total Expenses | 63% | 55% | 67% |
| Fundraising Expense/Contributed Revenue | 7% | 3% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Foundations and Corporations $176,058.00 | Foundation and Corporations $62,651.00 | Contributions, Gifts, and Grants $29,083.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $75,194.00 | Contributions, Gifts, and Grants $53,725.00 | Foundations and Corporations $17,000.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $11,893.00 | Program Revenue $10,053.00 | Program Revenue $8,313.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $324,410.00 | $142,600.00 | $63,975.00 |
| Current Assets | $324,410.00 | $142,600.00 | $63,975.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $3,621.00 | $1,324.00 | $1,313.00 |
| Total Net Assets | $320,789.00 | $141,276.00 | $62,662.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| 2023 Form 990 | 2023 |
| 2022 Form 990-EZ | 2022 |
| 2021 Form 990-EZ | 2021 |
| 2020 Form 990-N | 2020 |
| 2019 Form 990-N | 2019 |
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| In 2022, financial data compiled from Form 990EZ. Schedule B removed to protect donor privacy. Form 990 completed by Thomason Financial Resources. Prior to 2021, this organization filed a 990N form with the IRS, which does not provide specific financial information. Small tax-exempt organizations whose annual gross receipts are normally $50,000 or less are required to electronically submit Form 990N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990EZ instead. Comments provided by Nicole Rose 10/06/2024. |
