Boot Barn Boot Straps Fund

Overview

The Boot Barn Boot Straps Fund is a 501(c)(3) tax-exempt nonprofit organization, classified under the category of Human Services—Multipurpose and Other, specifically focusing on Emergency Assistance (Food, Clothing, Cash). It operates as a Partner-operated, Partner-supported charity, aiming to provide short-term financial assistance to Boot Barn colleagues experiencing sudden personal hardships such as unexpected natural disasters, illness, injury, or personal loss.

Financial Profile

As of 2023, the fund reported revenues of $134,000 and expenses of $130,000. Its total assets were valued at $340,000, with no liabilities recorded. Contributions from donors comprised nearly all of its revenue, indicating strong support from its partners and community.

In 2022, the fund's total assets were $335,416, while in 2021, they stood at $279,589. Contributions remained the primary source of revenue each year, underscoring the reliance on donations to support its mission.

Governance and Operations

The organization is managed by a team of executives, including a CEO and other officers, none of whom received compensation as of the latest available data. This structure suggests a volunteer-driven effort focused on supporting the Boot Barn community.

Mission and Purpose

The Boot Barn Boot Straps Fund is dedicated to assisting Boot Barn colleagues facing financial difficulties due to unforeseen circumstances. By providing financial support, the fund aims to foster a supportive environment within the company, reflecting the values of camaraderie and mutual support that define the Boot Barn culture.

Relationship with Boot Barn

The fund is closely tied to Boot Barn, the largest western and work wear retailer in the United States. Boot Barn's commitment to supporting its community and employees is evident through initiatives like the Boot Straps Fund, which demonstrates the company's dedication to helping those in need within its workforce.

Tax Exemption

Donations to the Boot Barn Boot Straps Fund are tax-deductible, encouraging support from a wider community beyond the immediate Boot Barn family.

Overall, the Boot Barn Boot Straps Fund serves as a vital resource for Boot Barn employees facing unexpected hardships, embodying the company's values of solidarity and support.