Teen Closet
- Assets
- $387.8k
- Revenue
- $319.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Spokane, WA
- Founding
- 02/2011
- Data as of
- 10/2022
- EIN
- 27-3756238
Organization Overview
Teen Closet is located in Spokane, WA. The organization was established in 2011. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teen 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 10/2022, Teen Closet generated $319.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $298.1k during the year ending 10/2022. While expenses have increased by 44.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FREE CLOTHING FOR AT-RISK YOUTH
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEEN AND KID CLOSET STORE: PROVIDED FREE CLOTHING TO LOW-INCOME AND FOSTER YOUTH IN THE SPOKANE, WA AREA. 2,694 PERSONS WERE BENEFITED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Nance-Griep Director | Trustee | 15 | $0 |
Sean Grubb Board President | Trustee | 15 | $0 |
Linda Rogers Director | Trustee | 10 | $0 |
Cindy Bryant Director | Trustee | 5 | $0 |
Julie Holland Director | Trustee | 5 | $0 |
Brandon Kerr Director | Trustee | 5 | $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 | $272,534 |
| Noncash contributions included in lines 1a–1f | $192,692 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,534 |
| Total Program Service Revenue | $0 |
| Investment income | $308 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $46,936 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $222,068 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $2,627 |
| Advertising and promotion | $8,383 |
| Office expenses | $245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,701 |
| 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 | $0 |
| Insurance | $1,270 |
| All other expenses | $25 |
| Total functional expenses | $298,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,734 |
| 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 | $175,030 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $387,764 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $387,764 |
| 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 | $387,764 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teen Closet has recieved totaling $7,250.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $7,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oregon Charter Academy Mill City, OR | $32,899,516 | $48,211,726 |
Community Center For Education Results Seattle, WA | $4,292,283 | $3,853,537 |
Global Online Academy Seattle, WA | $5,265,890 | $6,995,921 |
Jubilee Reach Bellevue, WA | $2,991,502 | $5,791,514 |
Washington Interscholastic Activities Association Renton, WA | $6,377,638 | $2,712,424 |
Oak Tree Foundation Inc Forest Grove, OR | $27,615,846 | $2,467,715 |
Communities In Schools Of Federal Way Federal Way, WA | $680,478 | $1,549,594 |
Mecop Inc Albany, OR | $1,636,907 | $815,043 |
Readiness To Learn Langley, WA | $178,642 | $488,837 |
Bend Science Station Bend, OR | $2,529,770 | $492,258 |
Associated Students Of Linfield College McMinnville, OR | $189,568 | $395,411 |
Snohomish Education Foundation Snohomish, WA | $1,773,384 | $615,656 |