Style Saves INC

Tax-deductible

Miami, FL501(c)(3)Human ServicesEIN 30-0948238Revenue $1.1M in FY2024

On file with the IRSstylesaves.org1800 N Miami Ave, 33136-1716 · Miami, FLTax-exempt since Jul 2017Publicly supported charity — 170(b)(1)(A)(vi)

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Providing kids with school supplies and clothing.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 50 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average surplus $36K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $172K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 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
$1.1M
+67% vs prior year
Spent
$899K
To programs
83%
Net assets
$284K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2020$76K
FY2021$493K
FY2022$346K
FY2023$651K
FY2024$1.1M
Expenses
$899K
FY2024▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$82K
FY2021$266K
FY2022$463K
FY2023$764K
FY2024$899K
Net assets
$284K
FY2024▲ +187%
Tap a bar for its year
Net assets by fiscal year
FY2020$101K
FY2021$327K
FY2022$211K
FY2023$99K
FY2024$284K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jul 2017.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $749K Management & general 17% · $150K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Director, President, Treas
$0Pt VII · Sec A
Director, Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Rachael Rusell Saiger’s $22K as Director, President, Treasurer is at the 1st percentile of top reported officer pay among 3869 $1–10M human services 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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Equips children with essential school supplies and clothing.

Questions for Style Saves INC

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Provided by the organization

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3 programs · $749K · in their own filed words · FY2024
01

To provide economically underprivileged children in grades K-12WHO are homeless or living in orphanages or children from familiesthat are financially unable to provide them with back-to-schoolclothing, uniforms, shoes, accessories, and prescription EYEWEAR.STYLE saves believes that removing barriers increases a child'sself-confidence and…

$482Kprogram expense
02

Bazaar for good raises funds for children all over the WORLD.THE bazaar for good is composed of more than 30 women with astrong social media presence committed to using their voices tospeak up and bring awareness to the issues we face as a society,and what we can do in favor of disadvantaged children.

$264Kprogram expense
03

Mentorship program is a dynamic, six-week course designed to provide high school students from title I schools with essential life skills. By offering this program at no cost to students, we aim to equip young individuals with the tools and resources necessary to thrive in their future careers, higher education, and beyond.

$3Kprogram 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
See all 7 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Money outPt IX
$899K
Ln 25
Programscol B$749K
Managementcol C$150K
Owns and owesPt X
$284K
net assets · Ln 32
Cash and savingsLn 1–2$288K
Total assetsLn 16$288K
LiabilitiesLn 26$3K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$288K
Cash and savings togetherLn 1–2$288K
Total assetsLn 16$288K
LiabilitiesLn 26$3K
Net assetsLn 32$284K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
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 FY24End FY24
Cash and savingsLn 1–2$104K$288K
Total assetsLn 16$104K$288K
LiabilitiesLn 26$5K$3K
Net assetsLn 32$99K$284K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$254K$254K
Other salaries and wagesLn 7$48K$950$47K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$5K$5K
Legal feesLn 11b$6K$6K
Advertising and promotionLn 12$32K$24K$7K
TravelLn 17$159$27$132
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$451K$427K$24K
All other expensesLn 24e$97K$40K$57K
Total functional expensesLn 25$899K$749K$150K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$899K$185K$284K 990 PDF
FY2023 $651K$764K−$112K$99K 990 PDF
FY2022 $346K$463K−$116K$211K 990 PDF
FY2021 $493K$266K$227K$327K 990 PDF
FY2020 $76K$82K−$6K$101K 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 FY2024 990 (6 parts)
Part I · Summary $1,084,769 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $651,205$1,084,769
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $651,205$1,084,769
I-13 Grants and similar amounts paidPrior year $263,205$253,801
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $40,193$56,973
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $460,129$588,665
I-18 Total expensesPrior year $763,527$899,439
I-19 Revenue less expensesPrior year −$112,322$185,330
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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 $1,084,769 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,084,769
VIII-1h Total contributions, gifts and grants$1,084,769
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,084,769
Part IX · Statement of functional expenses $899,439 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $253,801$253,801
IX-7 Other salaries and wagesPrograms $950 · Management $47,167$48,117
IX-9 Other employee benefitsManagement $4,094$4,094
IX-10 Payroll taxesManagement $4,762$4,762
IX-11b Legal feesManagement $6,196$6,196
IX-12 Advertising and promotionPrograms $24,250 · Management $7,372$31,622
IX-17 TravelPrograms $27 · Management $132$159
IX-23 InsurancePrograms $3,353$3,353
IX-24 Other expenses (24a–d)Programs $426,912 · Management $23,622$450,534
IX-24e All other expensesPrograms $40,061 · Management $56,740$96,801
IX-25 Total functional expensesPrograms $749,354 · Management $150,085 · Fundraising $0$899,439
Part X · Balance sheet $287,656 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $103,711$287,656
X-16 Total assetsStart of year $103,711$287,656
X-17 Accounts payable and accrued expensesStart of year $4,758$3,373
X-26 Total liabilitiesStart of year $4,758$3,373
X-27 Net assets without donor restrictionsStart of year $98,953$284,283
X-32 Total net assets or fund balancesStart of year $98,953$284,283
X-33 Total liabilities and net assetsStart of year $103,711$287,656
Part XI · Reconciliation of net assets $284,283 net assets at year end
XI-1 Total revenue$1,084,769
XI-2 Total expenses$899,439
XI-3 Revenue less expenses$185,330
XI-4 Net assets at start of year$98,953
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$284,283

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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