Civic Intelligence

Brides Foundation

990 • Fiscal year 2021 • EIN 81-1902616

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 29, 2022

2505 SE 11th Avenue 120Portland, OR 97202

(503) 282-4000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

69th percentile

26%

Higher net margin than 69% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

80th percentile

$129,129

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

75th percentile

27%

Faster asset growth than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

65th percentile

29%

Faster revenue growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,399,652

Up $514,607 (+27%) from 2020

Net Assets

Up

$2,382,227

Up $604,245 (+34%) from 2020

Liabilities

Down

$17,425

Down $89,638 (-84%) from 2020

Revenue

Up

$2,353,133

Up $530,473 (+29%) from 2020

Expenses

Up

$1,748,888

Up $236,244 (+16%) from 2020

Net Income

Up

$604,245

Up $294,229 (+95%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $606,470Liabilities 2016: $29,199Net Assets 2016: $577,2712016Assets 2017: $737,614Liabilities 2017: $2,243Net Assets 2017: $735,3712017Assets 2018: $1,160,748Liabilities 2018: $5,034Net Assets 2018: $1,155,7142018Assets 2019: $1,478,815Liabilities 2019: $10,849Net Assets 2019: $1,467,9662019Assets 2020: $1,885,045Liabilities 2020: $107,063Net Assets 2020: $1,777,9822020Assets 2021: $2,399,652Liabilities 2021: $17,425Net Assets 2021: $2,382,2272021Assets 2021: $2,399,652Liabilities 2021: $17,425Net Assets 2021: $2,382,2272021Assets 2022: $1,963,497Liabilities 2022: $5,690Net Assets 2022: $1,957,8072022Assets 2023: $2,642,361Liabilities 2023: $699,580Net Assets 2023: $1,942,7812023Assets 2024: $3,399,358Liabilities 2024: $834,217Net Assets 2024: $2,565,1412024

Highlighted filing

2021

Assets$2,399,652
Liabilities$17,425
Net Assets$2,382,227

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $720,339Expenses 2016: $143,068Net Income 2016: $577,2712016Revenue 2017: $952,839Expenses 2017: $794,739Net Income 2017: $158,1002017Revenue 2018: $1,560,419Expenses 2018: $1,140,076Net Income 2018: $420,3432018Revenue 2019: $1,814,255Expenses 2019: $1,502,003Net Income 2019: $312,2522019Revenue 2020: $1,822,660Expenses 2020: $1,512,644Net Income 2020: $310,0162020Revenue 2021: $2,353,133Expenses 2021: $1,748,888Net Income 2021: $604,2452021Revenue 2021: $2,353,133Expenses 2021: $1,748,888Net Income 2021: $604,2452021Revenue 2022: $1,992,911Expenses 2022: $1,960,632Net Income 2022: $32,2792022Revenue 2023: $2,176,105Expenses 2023: $2,191,131Net Income 2023: -$15,0262023Revenue 2024: $3,070,091Expenses 2024: $2,447,731Net Income 2024: $622,3602024

Highlighted filing

2021

Revenue$2,353,133
Expenses$1,748,888
Net Income$604,245
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 29, 2022
Return Version
2021v4.1
Gross Receipts
$3,423,516
Mission and Program Overview

Mission

To provide financial assistance for women-focused charities by collecting and reselling donated wedding gowns and accessories.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$1,731,719$1,733,171▲ $1,452
Land, Buildings, and Equipment, Net$56,004$108,407▲ $52,403
Cash and Non-Interest-Bearing Accounts$80,712$84,765▲ $4,053
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,885,045$1,942,953▲ $57,908
Other Assets Total$16,610$16,610→ $0
Liabilities
Deferred Revenue$95,850--
Accounts Payable and Accrued Expenses$11,213$17,425▲ $6,212
Total Liabilities$107,063$17,425▼ $89,638
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,777,982$1,925,528▲ $147,546
Total Net Assets Fund Balance$1,777,982$1,925,528▲ $147,546
Total Liabilities and Net Assets / Fund Balance$1,885,045$1,942,953▲ $57,908

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$104,444$18,201$122,645
Equipment$3,963$6,151$10,114
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Erin ScharfExecutive DirectorFT$119,691$9,438$129,129

Board Members and Trustees

NameTitle
Brenda ChovanakPresident
Kelsey ChuDirector
Linda HarrisDirector
Brian WolfSecretary
Heather ClarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,073,841
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-177,407
All Other Contributions
$1,857,996
Change in Net Assets
$147,546

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$1,839,706Fair Market Value (FMV)
Total Noncash Contributions$1,839,706-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$689,964
Grants and Similar Amounts Paid$646,050
Other Expenses$412,874
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$646,050--$646,050
Other Salaries and Wages$424,861$33,908-$458,769
Occupancy$177,478$19,720-$197,198
Current Officers, Directors, Trustees, and Key Employees$103,303$25,826-$129,129
Payroll Taxes$52,970$5,886-$58,856
Office Expenses$41,844$4,649-$46,493
Other Employee Benefits$34,769$3,214-$37,983
Advertising$25,448$2,827-$28,275
Travel$23,163$2,574-$25,737
Insurance$14,038$1,560-$15,598
Fees for Services Other$12,289$1,365-$13,654
All Other Expenses$12,284$1,365-$13,649
Other Expenses$7,317$813-$8,130
Depreciation Depletion$6,267$696-$6,963
Pension Plan Contributions$5,063$164-$5,227
Total Functional Expenses$1,638,603$110,285$0$1,748,888
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Abbys Closet IncWest Linn, OR501(c)(3)General Support/attire for Sale$10,000
American Assoc of Univ WomenWashington, DC501(c)(3)General Support$10,000
Baby Quest FoundationLos Angeles, CA501(c)(3)General Support$10,000
Bradley AnglePortland, OR501(c)(3)General Support$10,000
Brides Across AmericaAndover, MA501(c)(3)General Support/attire for Resale$10,000
Cocoon HouseEverett, WA501(c)(3)General Support$10,000
Dress for Success OregonPortland, OR501(c)(3)General Support$10,000
Dress for Success SeattleSeattle, WA501(c)(3)General Support$10,000
Dressember FoundationAshland, OR501(c)(3)General Support$10,000
Every Mother CountsNew York, NY501(c)(3)General Support$10,000
Fighting PrettyPortland, OR501(c)(3)General Support$10,000
Girls Inc of the Pacific NwPortland, OR501(c)(3)General Support$10,000
Girls Who CodeNew York, NY501(c)(3)General Support$10,000
Haydens Helping HandsClackamas, OR501(c)(3)General Support$10,000
Human Solutions IncPortland, OR501(c)(3)General Support$10,000
Joyful Heart FoundationBrooklyn, NY501(c)(3)General Support$10,000
Marys PlaceSeattle, WA501(c)(3)General Support$10,000
Peoria HomeEverett, WA501(c)(3)General Support$10,000
Ruby RoomIssaquah, WA501(c)(3)General Support$10,000
Shes the FirstNew York, NY501(c)(3)General Support$10,000
The Loveland FoundationBrooklyn, NY501(c)(3)General Support$10,000
Wellspring Womens CenterSacramento, CA501(c)(3)General Support$10,000
Goodwill Columbia WillamettePortland, OR501(c)(3)Attire for Resale$0
Goodwill Sacramento ValleySacramento, CA501(c)(3)Attire for Resale$0
Goodwill SeattleSeattle, WA501(c)(3)Attire for Resale$0
Goodwill of Olympics & RainieTacoma, WA501(c)(3)Attire for Resale$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents

Brides for a cause adopted updated bylaws on december 28, 2021, to allow for email voting and remote meetings procedures.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Brides for a cause may have nonvoting members at the discretion of the board of directors. The nonvoting members will not have the power to vote on the election of directors or members, or to participate in a binding vote on any corporate matters. The voting members will be known as the stewardship council. Council members have the power to elect and also remove members of the board of directors, to vote on any amendments to the bylaws or articles which would alter the qualification, selection, removal, obligations, rights or powers of the council members, and to vote on any other matters properly put before them for an advisory vote by the board of directors. The council does not have the power to make binding or enforceable decisions on matters reserved for the board of directors, including adopting budgets, authorizing expenditures, setting policies, or determining the organizations programs and activities.

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 will be reviewed by the executive director. The final version will be provided to all board members.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

To ensure compliance with the brides for a cause bylaws regarding the conflict of interest policy, there is a standard in place for: an annual disclosure statement, list of potential interested persons, ongoing disclosure obligation, monitoring by the secretary, and conveyance to the executive director.annual disclosure statement: the officers, directors and key employees shall each year disclose interests that could give rise to a conflict of interest under this policy. Such disclosure shall be made on the organization's conflict of interest disclosure statement form and shall be filed with the secretary or secretary designee.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

In determining the executive director's salary, the organization conducted research into comparable salaries with similar nonprofit organizations and followed the stated conflict of interest policy. The organization will continue to follow irs regulations and its own conflict of interest policy regarding payment of no more than just and reasonable compensation for services rendered for payments to any employee.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Brides for a cause will make available its governing documents and conflict of interest policy to the public upon request.

Filing and Contact Details

Filer

Filer Name
Brides for a Cause
EIN
81-1902616
Phone
5032824000
Address
2505 SE 11th Avenue 120, Portland, OR 97202

Signing Officer

Name
Erin Scharf
Title
Executive Director
Signed
2022-11-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Scharf
Formed
2016
Legal Domicile
Or
Voting Board Members
5
Independent Board Members
5
Employees
40
Volunteers
5

Preparer

Firm
Kern & Thompson LLC
Address
1800 SW First Avenue Suite 410, Portland, OR 97201
Preparer
James J Huynh CPA
Phone
5032223338
Supplemental Narrative

Additional Explanations

Amended Explanation

Form 990 part i, lines 8, 11, 19, 20, and 22 have been amended.form 990, part viii, line 1g and 10b , have been amended.form 990, part x, lines 8 and 27, have been amended.schedule a, part iii, line 1, has been amended.schedule m line 5, has been amended.

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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDED 100 FREE WEDDING DRESSES TO MILITARY BRIDES, FIRST RESPONDERS AND HEALTHCARE WORKERS WORKING THE FRONT LINES OF COVID-19 PANDEMIC THROUGH THE BRIDES ACROSS AMERICA OPERATION WEDDING GOWN EVENTS, VALUING $49,130. ALSO DONATED HUNDREDS OF WEDDING DRESSES, BRIDAL ACCESSORIES AND SPECIAL OCCASION DRESSES TO OTHER 501(C)(3) ORGANIZATIONS TO SUPPORT THEIR MISSION, VALUING $376,920.
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IRS990/ProgSrvcAccomActy3Grp/Desc0CONTRIBUTED $220,000 TO (22) LOCALLY AND NATIONALLY-RECOGNIZED CHARITABLE CAUSES THAT PROVIDE SERVICES AND ASSISTANCE TO WOMEN IN NEED. BENEFICIARIES INCLUDE: ABBYS CLOSET, AMERICAN ASSOCIATION OF UNIVERSITY WOMEN, BRADLEY ANGLE, BABY QUEST FOUNDATION, BRIDES ACROSS AMERICA, COCOON HOUSE, DRESSEMBER, DRESS FOR SUCCESS OREGON, DRESS FOR SUCCESS SEATTLE, EVERY MOTHER COUNTS, FIGHTING PRETTY, GIRLS INC OF THE PACIFIC NORTHWEST, GIRLS WHO CODE, HAYDENS HELPING HANDS, HUMAN SOLUTIONS, JOYFUL HEART FOUNDATION, THE LOVELAND FOUNDATION, MARYS PLACE, PEORIA HOME, RUBY ROOM, SHES THE FIRST, WELLSPRING WOMENS CENTER.
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