Bottomless Closet
- Assets
- $3.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 13-4037622
Organization Overview
Bottomless Closet is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2023, Bottomless Closet employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bottomless Closet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Bottomless Closet generated $1.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE BARRIERS NEW YORK CITY WOMEN FACE IN THE SEARCH FOR EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN PROGRAM OFFERED BY THE ORGANIZATION INCLUDES THE SELECTION OF HIGH QUALITY INTERVIEW ATTIRE, RESUME REVIEW/PREPARATION AND INTERVIEW COACHING AS WELL AS A BROAD WORKSHOP CURRICULUM THAT PROMOTES PROFESSIONAL DEVELOPMENT, FINANCIAL MANAGEMENT AND PERSONAL ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Primeggia Chair | OfficerTrustee | 5 | $0 |
Amanda Nussbaum Vice President | OfficerTrustee | 5 | $0 |
Nancy Obler Treasurer | OfficerTrustee | 5 | $0 |
Diane Kenney Secretary | OfficerTrustee | 5 | $0 |
Alex Johnson Director | Trustee | 1 | $0 |
Andrea Lowenthal Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $472,586 |
| Related organizations | $0 |
| Government grants | $4,775 |
| All other contributions, gifts, grants, and similar amounts not included above | $853,818 |
| Noncash contributions included in lines 1a–1f | $51,205 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,331,179 |
| Total Program Service Revenue | $0 |
| Investment income | $32,391 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $231,518 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $64,503 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,659,591 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,720 |
| Compensation of current officers, directors, key employees. | $10,713 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $479,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,245 |
| Payroll taxes | $62,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,074 |
| Advertising and promotion | $28,169 |
| Office expenses | $79,692 |
| Information technology | $38,475 |
| Royalties | $0 |
| Occupancy | $269,112 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,644 |
| Insurance | $7,076 |
| All other expenses | $1,035 |
| Total functional expenses | $1,342,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,576 |
| Savings and temporary cash investments | $26,013 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,000 |
| Prepaid expenses and deferred charges | $33,330 |
| Net Land, buildings, and equipment | $8,038 |
| Investments—publicly traded securities | $1,981,575 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,669 |
| Other assets | $1,386,762 |
| Total assets | $3,611,963 |
| Accounts payable and accrued expenses | $33,020 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,455,795 |
| Total liabilities | $1,488,815 |
| Net assets without donor restrictions | $2,103,148 |
| Net assets with donor restrictions | $20,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,611,963 |