Teachers Supply Closet
- Assets
- $214.4k
- Revenue
- $585.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Charleston, SC
- Founding
- 07/2007
- Data as of
- 12/2022
- EIN
- 45-0542815
Organization Overview
Teachers Supply Closet is located in Charleston, SC. The organization was established in 2007. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Teachers Supply Closet employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teachers Supply 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 12/2022, Teachers Supply Closet generated $585.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $290.6k during the year ending 12/2022. While expenses have increased by 12.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FREE SCHOOL SUPPLIES AND OVERSTOCKED ITEMS TO K-12 STUDENTS IN THE QUALIFIED TITLE 1 SCHOOLS IN BERKELEY, CHARLESTON, AND DORCHESTER COUNTIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED $432,220 IN SUPPLIES, SERVED 58 SCHOOLS, 20,100 STUDENTS, AND 846 TEACHERS SHOPPED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynette V Duggins Executive Dir. | Trustee | 0 | $68,249 |
Terri H Nichols Chairman | Officer | 0 | $0 |
Francine M Mitchell Secretary | Officer | 0 | $0 |
Mary Ann Wright Treasurer | Officer | 0 | $0 |
Michelle Orr Noisette Chairman | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,365 |
| Related organizations | $0 |
| Government grants | $26,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $546,241 |
| Noncash contributions included in lines 1a–1f | $291,916 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $585,606 |
| Total Program Service Revenue | $0 |
| Investment income | $10 |
| 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 | $585,616 |
| 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. | $68,249 |
| Compensation of current officers, directors, key employees. | $13,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,305 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,875 |
| Advertising and promotion | $4,980 |
| Office expenses | $4,790 |
| Information technology | $7,260 |
| Royalties | $0 |
| Occupancy | $55,520 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $143 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,475 |
| All other expenses | $1,154 |
| Total functional expenses | $290,635 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,172 |
| Savings and temporary cash investments | $20,186 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $214,358 |
| 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 | $61,279 |
| Net assets with donor restrictions | $153,079 |
| 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 | $214,358 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teachers Supply Closet has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Coastal Community Foundation Of South Carolina Inc N Charleston, SC PURPOSE: EDUCATION GRANT | $19,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Electric Trust Inc Monroe, GA | $5,022,901 | $2,337,063 |
The Empty Stocking Fund Inc Atlanta, GA | $3,409,829 | $2,169,289 |
Ferst Readers Inc Madison, GA | $2,420,121 | $2,368,538 |
Kramden Institute Inc Durham, NC | $4,737,614 | $3,356,768 |
Lions Pride Foundation Inc Salisbury, NC | $2,186,624 | $85,831 |
Creating Connected Communities Atlanta, GA | $683,448 | $909,666 |
W4h Asheville Asheville, NC | $308,320 | $563,011 |
Mushayamunda Christian Development Foundation Winston Salem, NC | $754,964 | $529,699 |
Explorer Post 247 Inc Charlotte, NC | $83,323 | $321,473 |
Fannin County Empty Stocking Program Inc Blue Ridge, GA | $339,421 | $385,965 |
Teachers Supply Closet Charleston, SC | $214,358 | $585,616 |
Mending The Gap Inc Lawrenceville, GA | $61,473 | $229,962 |