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Annual Report
2009
The mission of My New Red Shoes is to
empower homeless and low-income
youth to succeed in school by provid-
ing them with brand new clothing so
that they may greet the school year
with pride and by educating and rally-
ing the youth community around the
needs of homeless children.
BOARD OF DIRECTORS
Heather Hopkins, Lisa Goldman
Founder and Co-Chair Megan Iwersen
Timi Most, Co-Chair Katy Manier, Stanford GSB Fellow
Alison Berkley Wagonfeld, Dayna Li, Junior Board Member
Vice Chair & Interim Treasurer Robert Pietsch
John Brown, Secretary Cindy Skaruppa, Stanford GSB Fellow
Ray Bramson Marianne Walters
Sohi Sohn Chien Caron Tabb,
Roxana Dommer Ex Officio and Executive Director
Extreme times call for extreme measures. At My New Red Shoes, we met these
challenges by focusing on creative solutions and energizing the community to
support our mission.
As the year draws to a close, we feel very privileged to report that, despite the
odds, 2009 has been a year of major expansion in both our programs and the
community’s support for My New Red Shoes:
We distributed significantly more gift bags than ever through our Clothing for Confidence pro-
gram, providing for 2,119 homeless youth and expanding to serve youth in Alameda County.
We directly engaged over 1,500 (and indirectly engaged over 4,000) housed youth in support of
their homeless peers through our Kids Helping Kids Youth Leadership programs.
We kept costs down by launching several creative partnerships including a collaboration with
FedEx (which shipped our gift bags around the Bay Area at no cost) and a partnership with a cor-
rectional facility in Southern California (whose inmates sewed gift bags as a community service).
We increased our volunteer opportunities and inspired over 500 volunteers to spend over 3,000
hours working in support of our mission.
We grew our family of supporters by over 600 individuals, expanded corporate outreach, and
successfully engaged new foundations.
We strategically expanded the Board of Directors and solidified our organizational infrastruc-
ture, systems and operations to ensure transparency and implement nonprofit best practices.
Our success is your success. Without your financial support and belief in our mission and ability to
serve this community, My New Red Shoes would not have been able to celebrate this remarkable
year. Thank you!
We launch into 2010 with optimism. While the community need continues to drive My New Red
Shoes’ team to excel and reach beyond our limits, we believe that, with your support, we will suc-
cessfully clothe 3,000 homeless youth from over 60 Bay Area homeless shelters for the first day of
school in 2010. Our Kids Helping Kids Youth Leadership and community engagement programs will
once again soar to new heights with over 4,000 students serving their homeless peers.
We hope you will choose to join us again to support homeless youth in 2010 and that we will have
the opportunity to meet with you in the near future to share this success with you in person.
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 profes-
Boys
Girls
Ages 5-11
Ages 11-18
San Francisco
San Mateo County
Santa Clara County
Alameda County
*Please note that the stories and quotes collected here do not correspond with the photos.
My New Red Shoes’ Kids Helping Kids Youth Leadership Programs plant the seeds of compassion and
charity in students by engaging them in educational programming and service projects that teach
them about the effects of homelessness on children. The goals of the Kids Helping Kids Youth Leader-
ship Programs are to empower students to become volunteers, leaders, advocates and activists in
support of their homeless peers. Kids Helping Kids Youth Leadership Programs answer the dual needs
for public awareness and volunteerism to support homeless families. The program utilizes the service
learning model, a recognized best practice in education, that has been proven to create lasting social
change and transform students into giving, volunteering adults
“Volunteering and being a part of TAC has been a truly empowering experience...Most people think
that homelessness is caused by drug and alcohol addictions, but that is not the case at all. Throughout
this experience I have met and spoken with people who have just had plain bad luck or who have
been in the wrong place at the wrong time. I now see homelessness in a completely different light
because of the people I have met and the stories I have heard. I will definitely be a member of TAC
again next year and I would recommend this type of service to other students my age who want to
gain and spread homelessness awareness.”
-Peninsula TAC Participant
Shiny Shoe Party participants celebrate a birthday while giving back to the community. Over
XXXX pairs of shoes were collected by youth during 2009 at over XXX Shiny Shoe Parties.
In 2009, My New Red Shoes launched a TAC alumni program. In addition, TAC partnered with San
Francisco State University to allow students to earn three units of college credit.
INTERNS
Adam Alexander
Audrey Kuan
Elana Cohn
2009 2008
ASSETS
Liabilities:
Accounts payable and other liabilities 510 989
Payroll liabilities 3,955 2,077
Accrued expenses 5,891 5,573
Net Assets:
Unrestricted 181,317 90,435
Temporarily restricted 15,000 -
Contributions:
Individual contributions $180,042 $1,075 $181,117 $71,371
Corporate/business grants 21,647 42,904 64,551 21,924
Foundation/trust grants 21,850 54,000 75,850 58,750
Civic, community and religious groups 38,168 11,050 49,218 16,691
Board member contributions 29,125 - 29,125 9,661
Total contributions 290,832 109,029 399,861 178,397
InKind Support:
Donated services 55,837 - 55,837 54,193
Donated goods 105,274 - 105,274 28,890
Donated facilities 17,052 - 17,052 4,188
Total inkind support 178,163 - 178,163 87,271
Program Registration Fees 1,800 - 1,800 -
Investment and miscellaneous income 1,152 - 1,152 3,006
Net assets released from restrictions 94,029 (94,029) - -
EXPENSES
Program services:
Clothing for confidence program $252,113 - $252,113 $148,523
Kids helping kids program 94,398 - 94,398 42,248
Total program services 346,511 - 346,511 190,771
EXPENSES FY 2008
Programs = 73%
Fundraising and Development = 22%
Management and General = 5%
Fiscal Year: MY NEW RED SHOES’ fiscal year begins on October 1 and ends on September
30.
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.
Contributed services, materials and equipment that do not meet the criteria for recogni-
tion 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 equiva-
lents. MY NEW RED SHOES currently holds $42,898.60 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.
Inventory Valuation: Inventories consist of shoes, gift cards, and something special acces-
sories, and are valued at the lower of cost or market. MY NEW RED SHOES determines
cost using the specific identification inventory method.
MY NEW RED SHOES also receives donated services from other contributors and volun-
teers that are not measurable and, therefore, are excluded from the financial statements.
4. NET ASSETS
During the year, temporarily restricted net assets were restricted for the following pur-
poses:
Clothing for confidence program $89,029
Kids helping kids program $20,000
As of September 30, 2009, temporarily restricted net assets of $94,029 were released. MY
NEW RED SHOES will carry over $15,000 of temporarily restricted net assets to the next
fiscal year.