Beruflich Dokumente
Kultur Dokumente
Annual Report
2008
© Leonard Brzezinski, 2008
It has been yet another year of major growth and transformation for My New
Red Shoes. We headed out of the garage into our first-ever office space,
hosted a “Pack for Pride Day” for over 100 volunteers to sort and pack over
1,500 back-to-school gift bags, and more than doubled our summer distribu-
tion to 1,525 homeless children, up from 650 last year.
It’s hard to imagine, but for homeless children who may wonder where they
will sleep each night, a new school outfit can make the difference between
being able to focus in class and wanting to hide from their schoolwork, teach-
ers and classmates. In the words of one agency professional, “Your thought-
ful generosity targets a very real issue of our clients who have few family
resources and many challenges including abuse, neglect, trauma, mental health and learning
disabilities. This year they started school in new clothes of their own choosing and felt special,
considered and cared for – thank you.”
While engaged in the process of strategic planning this year, My New Red Shoes’ staff and board
were delighted (while not surprised) to realize that our young organization is already achieving
remarkable results. After careful analysis, we set a goal to provide brand new school wardrobes
to 2,500 homeless and very low-income Bay Area children in the summer of 2009.
My New Red Shoes’ Kids Helping Kids education programs will soar to new heights this school
year. The successful Teen Advocacy Council (formerly the Junior Board) will launch its second site
in San Francisco. Two Peninsula middle schools will engage in long-term education programs that
address the causes of homelessness and empower students to become advocates on behalf of
their homeless peers. Among other advocacy projects, participants will help organize My New
Red Shoes’ annual walkathon this spring in downtown Burlingame. While the challenges facing
homeless children are so great and their needs so dire, the community’s awareness and knowl-
edge of this problem lag far behind. Kids Helping Kids is My New Red Shoes’ answer.
For the majority of this past fiscal year we have worked side-by-side as Co-Executive Directors. In
October, Heather assumed the position as Board Chair with Caron taking on the position of Ex-
ecutive Director. Along with six new board members, a strong professional team and your stead-
fast support, we will continue to guide My New Red Shoes to the benefit of homeless Bay Area
children.
My New Red Shoes partners with homeless shelters and other community service agencies to
identify children in need of clothing and distribute donations. By leaving their students’ back-to-
school clothing needs to My New Red Shoes, agencies can focus on providing the professional
services that stabilize the clients in their care.
Girls 50%
Boys 50%
14 youth around the country collected 487 pairs of shoes at Shiny Shoes Par-
ties.
400 students engaged in one-touch educational programs at five elementary
schools and SIX high schools in the Bay Area.
22 teens from seven high schools on the Peninsula participated in the Junior
Board, volunteering over 1,400 hours and raising $13,000 to clothe 620 youth
through My new Red Shoes Clothing for Confidence program.
After completion of the Junior Board program, 95% of participants had talked
with friends, family members or others in the community about homelessness
and 100% felt confident or very confident they could help a homeless child suc-
ceed in school.
During 2008 , a unique and age appropriate modular curriculum was developed
for My New Red Shoes, focusing on homelessness and the challenges that face
homeless children. This curriculum will serve as the basis for multiple teaching
opportunities in 2009.
In describing his 2008 volunteerism at a homeless shelter to the audience of donors, Alexander Most
a recent TAC graduate said,
“Gone were the images of the middle-aged homeless men
on the corner. Gone were the ideas I had kept since my
youth. In came the stark realization that it is kids, no differ-
ent than me, that are crippled by poverty.”
Robert & Laurel Bolin Michael & Suzanne Cordisco Gary Ellmann
Kaye Bonney Bill Cornell Robert & Barbara Ells
Kurt Borgwardt Clint Costa Robert & Judith Falconer
Charles Born Kathleen Craig Jane Farrell
Kathryn Bownass Elizabeth Dalton Samuel Feldman
Ray Bramson Ming Dao Caitlin Field
Mary Brasher Tom & Jane David Kurtis Finley
Carolyn Brennan Jillian Davidson The Forsaith Family
The Brian Family Reed Davis Donald Fotsch
Alice Brock Kathleen Francissen
James Daniel Brock, Jr. & Mhaire Fraser
Margaret Funch Brock, M.D. Patti Fry
F. Laurens & Megan Brock Irene Fuller
Adria & Carl Brown in honor of Celia Garcia
Mrs. Joyce de Russy Gauba Family Fund
May Burberick Todd Geldon
Dolores Byers Ronald Gentile
Crystal Cairrel Brian Gilligan & Emily
Joan Caldwell in honor of Michael Marciniak
Penn The Goldberg Family
© Leonard Brzezinski, 2008
FY2008 FY2007
ASSETS
Cash and cash equivalents 79,990 54,126
Inventory (shoes) 17,700 2,910
Other assets 1,384 3,251
FY2008 FY2007
Unrestricted Temporarily Total Total
Restricted
EXPENSES
Program services:
Clothing for Confidence program $148,523 - $148,523 $52,095
Kids Helping Kids program 42,248 42,248 14,595
Total program services 190,771 190,771
NET ASSETS
Beginning of year 60,287 - 60,287 6,189
End of year $90,435 - $90,435 $60,287
EXPENSES FY 2008
Programs = 80%
REVENUES FY 2008
Individual Contributions = 39%
NOTE 2
SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation – The financial statements are presented in conformity with Statement
of Financial Accounting Standards (SFAS) No. 117, Financial Statements of Not-For-Profit
Organizations. Under SFAS No. 117, MY NEW RED SHOES reports information regarding
its financial position and activities according to three classes of net assets: unrestricted,
temporarily restricted and permanently restricted.
Revenue recognition – Contributions are recognized in full when received or unconditionally
promised, in accordance with SFAS No. 116, Accounting for Contributions Received and
Contributions Made. All contributions are considered available for unrestricted use
unless specifically restricted by donors for future periods or specific purposes. Donor-
restricted amounts are reported as increases in temporarily or permanently restricted
net assets.
Temporarily restricted net assets become unrestricted, and are reported in the state-
ment of activities as release of restrictions, when the time restrictions expire or the con-
tributions are used for the restricted purposes. Special event revenue is recognized
when the related event occurs. Donated materials, equipment and professional services
are recorded as in-kind donations and recognized at the estimated fair value as of the
date of donation or service.
Contributed services that do not meet the criteria for recognition under SFAS No. 116 are
not reflected in the financial statements.
Cash and equivalents – For financial statement purposes, MY NEW RED SHOES considers all
investments with a maturity at purchase of three months or less to be cash equivalents.
MY NEW RED SHOES currently holds $70,844.57 in short term money market funds.
Property and equipment are recorded at cost and depreciated using the straight-line method
over estimated useful lives of 3 to 39 years. MY NEW RED SHOES’ policy is to capitalize
such items with a cost of $1,500 or more.
Income taxes – MY NEW RED SHOES is publicly supported and exempt from income taxes
under Section 501(c)3 of the Internal Revenue Code.
Inventory Valuation – Inventories consist of shoes and gift cards and are valued at the lower
of cost or market. MY NEW RED SHOES determines cost using the specific identification
inventory method.
The donated materials and services received were used for the following activities:
Pro bono professional services (Executive Director, Accountant) $35,924.84
Background checks (PFC Information Services) $360.00
Payroll service (PayCycle.com) $515.88
Volunteer services (which would otherwise have been purchased) $17,249.63
Printing Services (Infinity Press) $142.17
Food and beverage donations $422.46
Shoe donations $27,960.00
Donation of warehouse space $1,350.00
Donation of office space $2,838.00
Total donated materials and services $87,271.00
MY NEW RED SHOES also receives donated services from other contributors and volunteers
that are not measurable and, therefore, are excluded from the financial statements.
NOTE 4
NET ASSETS
During the year, temporarily restricted net assets were available for the following purposes:
Clothing for Confidence program $ 45,111.94
Kids Helping Kids program $22,500
Other restrictions $800.56
All restrictions were satisfied as of September 30, 2008 and all assets have been released. MY
NEW RED SHOES does not currently hold any temporarily or permanently restricted net assets.
THANK YOU!
On behalf of the 1,525 homeless and low-income children
who arrived at school in 2008 dressed in confidence and
ready to learn, thank you for your support!