Save a Suit INC FY2020 filing

Tax-deductible

Bethel, CT501(c)(3)EmploymentEIN 27-0863507Revenue $107K in FY2020

On file with the IRSsaveasuit.org2 Park Lawn Dr Ste C, 06801-1072 · Bethel, CTTax-exempt since Feb 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Provide former military and college graduates with professional business attire and the confidence needed to succeed.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$31K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $3K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$31K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$98K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$107K
-17% vs prior year
Spent
$233K
To programs
92%
Net assets
$62K
By yearFY2019–FY2024
Revenue
$107K
FY2020▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2019$128K
FY2020$107K
FY2021$632K
FY2022$210K
FY2023$437K
FY2024$321K
Expenses
$233K
FY2020▼ -0.6%
Tap a bar for its year
Expenses by fiscal year
FY2019$234K
FY2020$233K
FY2021$531K
FY2022$219K
FY2023$350K
FY2024$286K
Net assets
$62K
FY2020▼ -67%
Tap a bar for its year
Net assets by fiscal year
FY2019$188K
FY2020$62K
FY2021$163K
FY2022$153K
FY2023$240K
FY2024$275K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $215K Management & general 8% · $17K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $31K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$22,429Pt VII · Sec A
Secretary
$3,875Pt VII · Sec A
$2,666Pt VII · Sec A
Director
$2,100Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Alexis Carrera’s $44K as Executive Dir. is at the 49th percentile of top reported officer pay among 1216 $100K–1M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Alexis Carrera$43,686$35,000$28,000$28,735——
Angela Ackerman————$22,429—
Todd Sokolowski—————$6,900
Gary Kuhn————$3,875—
Scott Sokolowski————$2,666$2,600
Troy Bree————$2,100—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips veterans and graduates with professional attire and confidence for career success.

Questions for Save a Suit INC

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Provided by the organization

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1 program · $215K · in their own filed words · FY2020
01

Suiting up veterans and transitioning service members.

$215Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$11K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$107K
Ln 12
Gifts and grantsLn 1h$354K
Money outPt IX
$233K
Ln 25
Programscol B$215K
Managementcol C$17K
Owns and owesPt X
$62K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$161K
LiabilitiesLn 26$98K
PeoplePt VI, VII
5
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$354K
Noncash giftsLn 1g$252K
Fundraising eventsLn 1c$12K
Gains on assetsLn 7$0
Total revenueLn 12$107K
Assets in detailPt X, end of year
CashLn 1$61K
SavingsLn 2$0
Cash and savings togetherLn 1–2$61K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$4K
Total assetsLn 16$161K
LiabilitiesLn 26$98K
Net assetsLn 32$62K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$35K$61K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$202K$161K
LiabilitiesLn 26$14K$98K
Net assetsLn 32$188K$62K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$34K$34K
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$31K$31K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$155$155
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$290$290
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$37K$37K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$2K$2K
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$111K$106K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$233K$215K$17K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $321K$286K$35K$275K 990 PDF
FY2023 $437K$350K$87K$240K 990 PDF
FY2022 $210K$219K−$10K$153K 990 PDF
FY2021 $632K$531K$100K$163K 990 PDF
FY2020 Viewing $107K$233K−$126K$62K 990 PDF
FY2019 $128K$234K−$106K$188K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $106,835 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $558,478$354,172
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$452,468−$247,337
I-12 Total revenuePrior year $106,010$106,835
I-13 Grants and similar amounts paidPrior year $29,000$34,200
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,219$31,225
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $179,667$167,093
I-18 Total expensesPrior year $211,886$232,518
I-19 Revenue less expensesPrior year −$105,876−$125,683
Part VI · Governance 2 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $106,835 across 10 lines filed
Lines not itemized here account for −$248,938 of total revenue; see the IRS return.
VIII-1c Fundraising events$12,402
VIII-1f All other contributions, gifts and grants$341,770
VIII-1g Noncash contributions (included above)$252,416
VIII-1h Total contributions, gifts and grants$354,172
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising eventsExcluded from tax $1,601$1,601
VIII-12 Total revenueExcluded from tax −$247,337$106,835
Part IX · Statement of functional expenses $232,518 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $34,200$34,200
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $31,070$31,070
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $155$155
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $290$290
IX-12 Advertising and promotionManagement $8,028$8,028
IX-13 Office expensesPrograms $5,441$5,441
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $36,571$36,571
IX-17 Travel$0
IX-18 Travel and entertainment for public officialsPrograms $1,581$1,581
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $1,986$1,986
IX-23 InsuranceManagement $1,772$1,772
IX-24 Other expenses (24a–d)Programs $106,025 · Management $5,399$111,424
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $215,043 · Management $17,475 · Fundraising $0$232,518
Part X · Balance sheet $160,700 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $34,681$61,132
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$10,000
X-8 Inventories for sale or useStart of year $162,745$67,405
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$17,875
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $4,288$4,288
X-16 Total assetsStart of year $201,714$160,700
X-17 Accounts payable and accrued expensesStart of year $4,002$3,956
X-24 Unsecured notes and loans payable$75,900
X-25 Other liabilitiesStart of year $9,662$3,495
X-26 Total liabilitiesStart of year $13,664$98,333
X-27 Net assets without donor restrictionsStart of year $188,050$62,367
X-32 Total net assets or fund balancesStart of year $188,050$62,367
X-33 Total liabilities and net assetsStart of year $201,714$160,700
Part XI · Reconciliation of net assets $62,367 net assets at year end
XI-1 Total revenue$106,835
XI-2 Total expenses$232,518
XI-3 Revenue less expenses−$125,683
XI-4 Net assets at start of year$188,050
XI-10 Net assets at end of year$62,367

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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