Shepherds Closet Inc
- Assets
- $257.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gibson City, IL
- Founding
- 01/2001
- Data as of
- 12/2023
- EIN
- 37-1294261
Organization Overview
Shepherds Closet Inc is located in Gibson City, IL. The organization was established in 2001. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shepherds Closet Inc 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, Shepherds Closet Inc generated $183.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $186.8k during the year ending 12/2023. While expenses have increased by 16.8% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RESALE CLOTHING AND MISC ITEMS TO LOW INCOME COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Co President | 0 | $0 | |
Ria Volker Co President | 0 | $0 | |
Bonnie Schutte Secretary | 0 | $0 | |
Matt Ertel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,992 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,739 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $64,766 |
| Professional fees and other payments to independent contractors | $685 |
| Occupancy, rent, utilities, and maintenance | $59,822 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $61,484 |
| Total expenses | $186,757 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,434 |
| Other assets | $0 |
| Total assets | $256,985 |
| Total liabilities | $0 |
| Net assets or fund balances | $256,985 |