The Giving Closet
- Assets
- $270.7k
- Revenue
- $341.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Vancouver, WA
- Founding
- 03/2011
- Data as of
- 12/2020
- EIN
- 27-3207322
Organization Overview
The Giving Closet is located in Vancouver, WA. The organization was established in 2011. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2020, Giving Closet employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Giving 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 12/2020, Giving Closet generated $341.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $295.4k during the year ending 12/2020. While expenses have increased by 5.3% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE: GOODS AND SERVICES TO FAMILIES AND INDIVIDUALS WHO ARE IN FINANCIAL DISTRESS RESIDING IN VANCOUVER, WA AND SURROUNDING AREAS. FINANCIAL DISTRESS AND NEED IS DETERMINED BY FOLLOWING THE CURRENT WA STAT EGUIDELINES FOR POVERTY. THESE GOODS AND SERVICES WILL INCLUDE, BUT NOT BE LIMITED TO, CLOTHING, HOUSEHOLD ITEMS, TEMPORARY DAY SHELTER, TUTORING, LITERACY SERVICES, COUNSELING, EMOTIONAL AND SPIRITUAL SUPPORT.TO: REFER CLIENTS TO ORGANIZATIONS AND SERVICES, THAT CAN ADDRESS NEEDS AND ISSUES THE ORGANIZATION, OR TIS RELATED PROGRAMS ARE NOT PREPARED TO PROVIDETO: ENCOURAGE COMMUNITY PARTICIPATION AS TO VOLUNTEERS AND DONORS OF MATERIAL GOODS, SERVICES, AND MONETARY FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Currie Executive Dir. | Officer | 40 | $36,003 |
Hilaree Prepula President | Officer | 3 | $0 |
Carol Talley Treasurer | Officer | 3 | $0 |
Janna Moats Vice President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $972 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,784 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,756 |
| Total Program Service Revenue | $61,812 |
| Investment income | $0 |
| 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 | $341,568 |
| 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. | $36,002 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $168,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,252 |
| Payroll taxes | $13,245 |
| 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 | $2,819 |
| Office expenses | $17,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,173 |
| Travel | $6,157 |
| 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 | $875 |
| Insurance | $4,404 |
| All other expenses | $0 |
| Total functional expenses | $295,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,796 |
| Savings and temporary cash investments | $0 |
| 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 | $865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,661 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,002 |
| Total liabilities | $8,002 |
| Net assets without donor restrictions | $262,659 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $270,661 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Giving Closet has recieved totaling $61,255.
| Awarding Organization | Amount |
|---|---|
M J Murdock Charitable Trust Vancouver, WA PURPOSE: ESTABLISH DEVELOPMENT DEPARTMENT | $21,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: ESTABLISH DEVELOPMENT DEPARTMENT | $21,000 |
Clark County Food Bank Vancouver, WA PURPOSE: TO ALLEVIATE HUNGER IN SW WASHINGTON | $18,677 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $578 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S H A R E Inc Vancouver, WA | $13,349,063 | $22,765,352 |
Washington Gorge Action Programs Bingen, WA | $2,466,644 | $7,884,837 |
Community Services Of Moses Lake Inc Moses Lake, WA | $4,192,683 | $8,480,054 |
Ballard Food Bank Seattle, WA | $20,391,602 | $14,249,244 |
Puyallup Food Bank Puyallup, WA | $3,419,718 | $5,275,690 |
Harvest Against Hunger Seattle, WA | $960,690 | $5,878,024 |
University District Service League Seattle, WA | $6,354,078 | $6,363,383 |
North Helpline Seattle, WA | $3,029,179 | $5,310,612 |
Community Sharing Program Cottage Grove, OR | $1,172,872 | $4,294,366 |
White Center Emergency Food Association Seattle, WA | $3,261,391 | $4,091,573 |
Kent Food Bank And Emergency Services Kent, WA | $1,547,997 | $3,752,103 |
Snow Cap Community Charites Fairview, OR | $6,428,689 | $4,080,561 |