Dress for Success Charlotte

EIN: 562170625 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$1,054,309
Total Expenses
$962,112
Total Assets
$1,685,844
Net Assets
$1,671,982
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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
Emily Jensen Wheeler
Phone
7045257706
Tax Period
2024-01-01 to 2024-12-31

Dress for Success Charlotte, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $962K left a modest 9% surplus.

Mission

A womens advancement center, the mission of Dress for Success is to empower women to achieve economic independence by providing a network of support, professional attire and development tools to thrive in work and in life. Programs and services include job preparedness, including interview and workplace attire, job acquisition, employment retention and advancement, IT access, support and training, financial literacy, and mental and physical health and wellness.

Program Service Accomplishments

Program 1
Expenses: $428,357

Professional Womens Group (PWG): A membership-based association that meets monthly to network, retain employment and advance careers, the PWG strives to teach members about workplace communication...

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Professional Womens Group (PWG): A membership-based association that meets monthly to network, retain employment and advance careers, the PWG strives to teach members about workplace communication, corporate culture, financial literacy/wealth building, balancing family and work, and more. Membership grew by nearly 38% in 2024. Mental Health and Wellness programming continued to be offered in these meetings and to all members throughout the year. Going Places Network (GPN): A specially-designed program for chronically unemployed and underemployed, GPN provides a curriculum that blends a proven methodology to improve the career prospects of unemployed and underemployed women and helps these women gain professional skills, accelerate their job searches and build confidence through weekly training sessions, one-on-one career coaching and networking in a supportive environment. Virtual and in-person programming currently meets twice a week over a 4-week period. Once employment is secured, clients are invited to enroll in the Professional Womens Group program where clients report earning $20,000 -$50,000+ annually.Career Center: A fully equipped business office for clients to use on their own and/or to meet with HR and Recruiting professionals for job search support and instruction including: rsum and cover-letter writing; Internet, email, and social media as job search tools; job placement software; mock interviews; and professional workshops on a wide variety of leadership and development topics designed specifically for women entering the workforce and advancing their careers. 60 clients (unduplicated) utilized the Career Center in 2023. We continued our partnerships with Google and AARP to help clients increase their economic security by giving them the digital essentials they need to find and secure jobs, change careers, and explore entrepreneurship. 52 units of service were offered through these programs.Financial Education: A curriculum developed with banking partners across Charlotte, providing education on: Financial Wellness, Emotions and Spending, Basic banking and budgeting, Credit and Debt Management, Investments and Retirement Planning; Workplace Benefits; Taxes, among other topics, including managing during times of crisis. 93 units of service were provided to clients through this program in 2024.Entrepreneurship : In partnership with the National Association of Women Business Owners, Dress for Success Charlotte launched a 12-week, cohort-based entrepreneurship program in 2024. This program provided one-on-one mentorship from women business owners; curriculum on building business plans, marketing strategy, and financial investment; and resulted in $2000 of seed funding for one pitch competition winner. Community Outreach Events: Collaborating with other nonprofit organizations, Dress for Success Charlotte developed responsive programs and services to meet the needs of the community. These programs provided families, veterans and military spouses, high school students, and other clients access to services, resulting in 140 units of service.

Program 2
Expenses: $37,031

Interview and Employment Suiting: Overall, more than 677 women utilized workforce development programs and services in 2024. Of those, 581 women (unduplicated) participated in this program in 2024...

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Interview and Employment Suiting: Overall, more than 677 women utilized workforce development programs and services in 2024. Of those, 581 women (unduplicated) participated in this program in 2024. Offered free of charge, this program provides two complete interview outfits, including shoes and accessories, and when she secures employment, she will receive up to five outfits for an instant working wardrobe. This service is often the first point of contact for those seeking job preparedness and job acquisitions services.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $570,129
Program Service Revenue $0
Investment Income $46,713
Other Revenue $437,467
TOTAL REVENUE $1,054,309

Expense Breakdown

Grants Paid $37,031
Salaries & Benefits $675,675
Fundraising Expenses $199,956
Program Expenses $465,388
Other Expenses $249,406
TOTAL EXPENSES $962,112

Year-over-Year Comparison

2024 2023 Change
Revenue $1,054,309 $785,150 +0.3%
Expenses $962,112 $685,768 +0.4%
Net Income $92,197 $99,382 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
9
Volunteers
612

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$255,454
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kerry Barr O'Connor Executive Dir. 40.00
Officer
$127,500 $1,900 $129,400
Emily Wheeler Executive Dir. 50.00
Officer
$123,817 $2,237 $126,054
Wendi Boddy Imm. Past Chair 1.50
Officer Director
$0 $0 $0
Jessica Graham Chairman 1.50
Officer Director
$0 $0 $0
Sharai Lavoie Treasurer 1.50
Officer Director
$0 $0 $0
Samantha Melting Director 1.00
Director
$0 $0 $0
Jennifer Andrew Secretary 1.50
Officer Director
$0 $0 $0
Tanita Alexander Director 1.00
Director
$0 $0 $0
Brent Fatticci Director 1.00
Director
$0 $0 $0
Stephanie Richard Director 1.00
Director
$0 $0 $0
Dena Diorio Director 1.00
Director
$0 $0 $0
Clint Watson Director 1.00
Director
$0 $0 $0
Jessica Banias Director 1.00
Director
$0 $0 $0
Leah Maybry Vice Chair 1.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,054,309 $962,112 $1,685,844 $92,197
2023 $785,150 $685,768 $1,626,199 $99,382
2022 $847,501 $542,191 $1,556,610 $305,310
2021 $707,135 $441,751 $1,190,354 $265,384
2020 $613,558 $423,216 $918,399 $190,342
2019 $626,883 $517,802 $729,157 $109,081
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