2025-11-17T13:08:32-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4601 SIX FORKS ROAD SUITE 350 RALEIGH NC 27609 990 2024-01-01 462574332 NOTE IN THE POCKET INC NOTE 9197149403 9650 STRICKLAND ROAD SUITE 103-168 RALEIGH NC 27615 JEREMY PETRANKA BOARD CHAIR 9197149403 2025-11-16 1 1 KATHRINE A WARLICK P02065266 9197813581 2025-11-16 2024 2025-03-06 01:10:19Z DALLAS BONAVITA 9650 STRICKLAND ROAD SUITE 103-168 RALEIGH NC 27615 4303120 0 1 X WWW.NOTEINTHEPOCKET.ORG X 2013 NC PROVIDES CLOTHING TO IMPOVERISHED AND HOMELESS CHILDREN IN WAKE AND DURHAM COUNTIES. 15 15 33 7832 0 0 3871589 4239634 0 0 6719 10915 5640 -9462 3883948 4241087 2352216 2517838 0 0 561033 800874 0 0 106294 633326 901622 3546575 4220334 337373 20753 3548040 3241949 1433508 1106664 2114532 2135285 X NOTE IN THE POCKET PROVIDES CLOTHING TO IMPOVERISHED AND HOMELESS SCHOOL CHILDREN IN WAKE COUNTY WITH DIGNITY AND LOVE. WE BELIEVE IT IS UNACCEPTABLE THAT CHILDREN IN WAKE COUNTY ARE LIMITED IN THEIR EDUCATIONAL AND SOCIAL DEVELOPMENT BECAUSE THEY DO NOT HAVE APPROPRIATE CLOTHING FOR SCHOOL. 0 0 3843878 2517838 36743 NOTE IN THE POCKET'S PRIMARY PROGRAM IS TO PROVIDE LOCAL HOMELESS AND IMPOVERISHED SCHOOL CHILDREN AND THEIR FAMILIES WITH HIGH-QUALITY CLOTHING. IN 2024, 10,081 INDIVIDUALS RECEIVED MUCH-NEEDED CLOTHING ASSISTANCE THROUGHOUT WAKE AND DURHAM COUNTIES. 3843878 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 33 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X SUSAN PRUSKIN 9196570503 51 KILMAYNE DR SUITE 303 CARY NC 27511 TIM TINNESZ CHAIR 1.00 X X 0 0 0 JEREMY PETRANKA VICE CHAIR 1.00 X X 0 0 0 MARK CHAMBERS TREASURER 1.00 X X 0 0 0 JENNIFER VONDEE SECRETARY (THRU MAY 2024) 1.00 X X 0 0 0 BROOKE HANFORD SECRETARY (AS OF MAY 2024) 1.00 X 0 0 0 JAMI CRAMPTON DIRECTOR 0.50 X 0 0 0 BRUCE CROSS DIRECTOR 0.50 X 0 0 0 GREG DELAGE DIRECTOR 0.50 X 0 0 0 ARIANE DESPRES DIRECTOR 0.50 X 0 0 0 RAVEN GIBBS DIRECTOR 0.50 X 0 0 0 LEXY GOODWIN DIRECTOR 0.50 X 0 0 0 LAURA KEEFER DIRECTOR 0.50 X 0 0 0 PATRICK MACKIE DIRECTOR 0.50 X 0 0 0 JENNIFER TOLLEY DIRECTOR 0.50 X 0 0 0 TIM SCALES DIRECTOR 0.50 X 0 0 0 JILL WALTERS DIRECTOR (THRU MAY 2024) 0.50 X 0 0 0 DALLAS BONAVITA EXECUTIVE DIRECTOR 40.00 X 89241 0 10158 89241 0 10158 0 0 0 0 0 379076 3860558 2719666 4239634 10915 10915 5944 379076 52713 -46769 -46769 46063 9320 36743 36743 CASH BACK REWARDS 900099 551 551 MISCELLANEOUS INCOME 900099 13 13 564 4241087 36743 0 -35290 2517838 2517838 99399 89558 5050 4791 614757 553769 31237 29751 20018 17682 924 1412 66700 59313 3182 4205 48133 48133 37283 5050 28785 3448 47146 3000 109 44037 11895 1821 6902 3172 435200 417179 15985 2036 2624 627 1989 8 122 122 405 117 288 114000 9676 104324 7044 7044 MATERIALS AND SUPPLIES 155939 152654 3204 81 DUES AND SUBSCRIPTIONS 7777 771 4692 2314 ROU ASSET AMORTIZATION 6841 6841 VOLUNTEER APPRECIATION 6240 5243 997 0 20973 2739 7195 11039 4220334 3843878 270162 106294 631109 662488 446126 319348 39013 40449 576399 748592 36688 583958 183622 482362 400336 1373031 1034048 3548040 3241949 37529 41653 8116 1395979 1056895 1433508 1106664 X 2095782 2116035 18750 19250 2114532 2135285 3548040 3241949 20753 0 X 0 1 X 1 0 X 1328107 2362919 4277672 3871589 4243078 16083365 1328107 2362919 4277672 3871589 4243078 16083365 16083365 298 111 175 6719 10915 18218 25735 46771 42286 44019 564 159375 16260958 46063 0.98910 0.98540 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONSIGNMENT SALES AND RECYCLING INCOME - 2020 AMOUNT: $ 25,735. 2021 AMOUNT: $ 46,756. 2022 AMOUNT: $ 42,286. 2023 AMOUNT: $ 44,019. SHIPPING - 2021 AMOUNT: $ 15. CASH BACK REWARDS - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 551. MISCELLANEOUS INCOME - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 13. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 470385 126655 343730 65883 23584 42299 47690 33383 14307 400336 LEASE LIABILITY 1051842 CREDIT CARDS PAYABLE 5053 1056895 4300069 0 4300069 -58982 -58982 4241087 4279316 58982 58982 4220334 0 4220334 PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EVENT EXPENSES -50,213. COST OF GOODS SOLD -9,320. CREDIT CARD CASH BACK 551. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL FUNDRAISING EXPENSES 50,213. COST OF GOODS SOLD 9,320. CREDIT CARD CASH BACK -551. 5K 159906 159906 22851 GALA 214850 214850 23918 1 10264 4320 5944 5944 385020 379076 5944 52713 52713 -46769 1 CLOTHING TO IMPOVERISHED INDIVIDUALS 10067 2517838 FMV CLOTHING AND SHOES PART I, LINE 2: NOTE IN THE POCKET INSPECTS ALL DONATED ITEMS UPON RECEIPT IN ORDER TO ENSURE THAT THEY ARE OF ACCEPTABLE QUALITY TO ENABLE THE ORGANIZATION TO ACHIEVE ITS MISSION TO "CLOTHE CHILDREN WITH DIGNITY AND LOVE". DEPENDING ON THE QUALITY OF THE CLOTHING, DONATIONS ARE GENERALLY EITHER GIVEN TO CHILDREN BASED ON SCHOOL/SOCIAL SERVICES SUGGESTIONS OR RE-MISSIONED TO OTHER AGENCIES. VALUES ARE ASSIGNED TO THE CLOTHES BASED ON APPROVED VALUATION GUIDE AND ALL MOVEMENT IS TRACKED VIA WRITTEN RECORD IN ORDER TO ENSURE THAT THE CLOTHES ARE EFFICIENTLY DISTRIBUTED AND THE ORGANIZATION'S MISSION IS BEING FULFILLED. X 2717739 FMV X FANS 0 27708 FMV 0 0 1 0 FORM 990, PART VI, SECTION A, LINE 1A THE ORGANIZATION MAINTAINS AN EXECUTIVE COMMITTEE THAT IS COMPRISED OF THE BOARD CHAIR AND OFFICERS OF THE BOARD, WITH THE EXECUTIVE DIRECTOR AS AN EX-OFFICIO MEMBER. THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD, SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS THE DRAFT FORM 990 ALONG WITH SUPPORTING SCHEDULES AND RELEVANT FINANCIAL STATEMENTS. AFTER THE COMMITTEE HAS COMPLETED ITS REVIEW, THE DRAFT IS DISTRIBUTED TO ALL BOARD MEMBERS FOR COMMENT PRIOR TO ISSUANCE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY ON AN ONGOING BASIS. MANAGEMENT REVIEWS POTENTIAL CONFLICTS AS THEY ARISE AND ADDRESSES THEM PROMPTLY. EMPLOYEES AND KEY PERSONNEL ARE REQUIRED TO ADHERE TO SIGNED NON-DISCLOSURE AGREEMENTS AND AVOID ACTIVITIES THAT COULD CREATE A CONFLICT OF INTEREST. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, MANAGEMENT EVALUATES THE SITUATION AND TAKES APPROPRIATE ACTION TO RESOLVE IT, WHICH MAY INCLUDE RESTRICTING CERTAIN ACTIVITIES OR TERMINATING EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL PROCESS - CEO AND TOP MANAGEMENT, KEY MANAGEMENT EMPLOYEE REVIEWS ARE DISCUSSED AND APPROVED AT THE BOARD OF DIRECTORS LEVEL. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 OTHER ORGANIZATION DOCUMENTS ARE AVAILABLE UPON REQUEST.