THE MODEST NEEDS 2018 ANNUAL REPORT

Introduction

In keeping with our commitment to operational transparency, Modest Needs publishes an annual report which is freely accessible to the public at large both via our website or in hard-copy.

The purpose of this annual report is to update interested persons on our prior year's program service achievements and to report on other significant accomplishments by Modest Needs in 2018.

Our Mission Statement

At Modest Needs, we work to prevent otherwise self-sufficient but low-income households from entering the cycle of poverty and to strengthen the communities in which these persons live. We do this by offering two specific grant types:

  • The Self-Sufficiency Grant: Our Self-Sufficiency grant is our hallmark grant and helps low income workers to afford short-term emergency expenses that would otherwise pose an enormous burden to the applicant;

  • The Homecoming Heroes Grant: Our Homecoming Heroes grant is designed to assist persons returning home from active military service with short term expenses they may incur as they adjust to civilian life.

Modest Needs in 2018

Narrative Update Coming Shortly! In the meantime, you can review our 2018 financials and other organizational information below.

2018 Financial Information at a Glance

Income and Expense Categories Amount
Income from Direct Public Support $998,737.00
Other Program Service Income $0.00
Other Income $0.00
Total 2018 Income $998,737.00
Program Service Expenses (91.39%) $912,711.00
Management / Administrative Expenses (4.52%) $45,036.00
Fundraising Expenses (4.09%) $38,663.00
Total 2016 Expenses $996,410.00
Net Assets & Fund Balances, Beginning of Year $82,845.00
Net Assets & Fund Balances, End of Year $83,566.00

You may view a breakdown of the functional expenses listed above by accessing either our FY 2018 Form 990, linked below:

Supporting Financial Documents for 2018

Please note: all documents below are in PDF format and can be viewed via the free Adobe Acrobat Reader.

  • View our 2018 Form 990 (Warning: Large File - May Take Time to Download)

Donor Privacy Policy

Modest Needs has long maintained a strict Donor Privacy Policy. However, because this policy is listed within our Terms of Use and sometimes is missed by our donors, we include it in our Annual Reports for their reference:

Modest Needs respects the privacy of our donors. To that end, Modest Needs will not sell, rent, loan, give away, or otherwise disseminate the personal information of our donors, including their names, mailing addresses, email addresses, contribution amounts, or any other data of any kind to any entity for any reason whatsoever. Persons who choose to contribute to Modest Needs may rest secure that their data will never be shared with any other entity under any circumstances, ever.

Modest Needs Board of Directors

Current as of 1 November 2018

  • Charles Cissel, Chair (Independent, Voting)

  • Rosa Ng, Vice-Chair & Chair of Audit Committee (Independent, Voting)

  • Maria Castillo, Treasurer (Independent, Voting)

  • Thierry Mellon, Board Member (Independent, Voting)

  • Rebekah Hoffman, Board Member (Independent,Voting)

Modest Needs Key Employees

  • Dr. Keith P. Taylor, President

  • Annemarie Galvin, Associate Director and Compliance Officer

  • Simona Andrejic, Director of Development

Would you like a hard copy of our finalized 2018 Annual Report?

If you do not have regular internet access but would like to receive a hard copy of the Annual Report above, along with accompanying materials, please send your request to:

Modest Needs Foundation
120 E 23 St, FL 5
New York NY 10010

We will provide a hard-copy of our 2018 Annual Report along with all attachments to anyone who requests them at no charge. You may request a hard copy of this report by writing to us at the address above, or by phone at (844) 667-3776, ext 2.