Main Street Closet
- Assets
- $1.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Willow Street, PA
- Founding
- 05/2003
- Data as of
- 12/2021
- EIN
- 23-3100376
Organization Overview
Main Street Closet is located in Willow Street, PA. The organization was established in 2003. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, Main Street Closet employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Street 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 12/2021, Main Street Closet generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $852.5k during the year ending 12/2021. While expenses have increased by 18.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Main Street Closet has awarded 12 individual grants totaling $1,594,035. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATES PROFITS TO CHARITABLE ORGANIZATIONS, PRIMARILY MENNONITE CENTRAL COMMITTEE, AT THE DISCRETION OF THE BOARD OF DIRECTORS. IN 2021 315,950 WAS GIVEN TO MCC AND 30,600 WAS DONATED TO SEVERAL COMMUNITY 501 (C)3 ORGANIZATIONS. THE ABILITY TO DONATE WAS ENHANCED BY THE COMPLETION OF RENOVATIONS AT THE NEW FACILITY IN EARLY 2016.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melvin Neff Chairman | OfficerTrustee | 10 | $0 |
Harold Hershey Treasurer | OfficerTrustee | 5 | $0 |
Edie Hess Secretary | OfficerTrustee | 4 | $0 |
Gene Denlinger V Chairman | OfficerTrustee | 10 | $0 |
Lindsay Harnish Director | Trustee | 3 | $0 |
John Ebersole Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,512 |
| Noncash contributions included in lines 1a–1f | $201,062 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,512 |
| Total Program Service Revenue | $877,180 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,079,717 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $346,550 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,155 |
| Office expenses | $162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,357 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,087 |
| Insurance | $11,362 |
| All other expenses | $1,701 |
| Total functional expenses | $852,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,978 |
| Savings and temporary cash investments | $50,844 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,478,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,594,867 |
| Accounts payable and accrued expenses | $0 |
| 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 | $260,876 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,551 |
| Total liabilities | $269,427 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $1,325,440 |
| Total liabilities and net assets/fund balances | $1,594,867 |
Grants Awarded
Over the last fiscal year, Main Street Closet has awarded $346,550 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Akron, PA PURPOSE: HELP FOR THE POOR | $315,950 |
GRANTS UNDER 5000 TO 501C3 ORGS PURPOSE: HELP COMMUNITY | $30,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Aid Inc Mechanicsburg, PA | $17,361,650 | $17,026,124 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Hgi Stores And Services Inc Hagerstown, MD | $292,936 | $9,218,264 |
Notre Dame Volunteer Corporation Baltimore, MD | $6,449,561 | $5,367,292 |
Good Stuff Thrift Inc Doylestown, PA | $2,101,495 | $5,010,177 |
Care & Share Shoppes Inc Souderton, PA | $2,058,352 | $4,451,061 |
Ephrata Re-Uzit Stores Ephrata, PA | $6,311,109 | $3,655,215 |
Ten Up Ministries Thrift Store Scott Depot, WV | $2,455,437 | $3,085,165 |
Philadelphia Aids Thrift Philadelphia, PA | $1,958,783 | $1,805,972 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
The Re Uzit Shop Of New Holland Inc New Holland, PA | $2,326,308 | $1,999,699 |