Closet Of The Greater Herndon Area Inc
- Assets
- $1.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Herndon, VA
- Founding
- 05/1978
- Data as of
- 12/2023
- EIN
- 54-1027799
Organization Overview
Closet Of The Greater Herndon Area Inc is located in Herndon, VA. The organization was established in 1978. 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 12/2023, Closet Of The Greater Herndon Area Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Closet Of The Greater Herndon Area 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, Closet Of The Greater Herndon Area Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 8.7% per year over the past 8 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, Closet Of The Greater Herndon Area Inc has awarded 150 individual grants totaling $613,783. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A THRIFT SHOP THAT SELLS DONATED ITEMS AND DONATES ITS NET REVENUE TO VARIOUS CHARITIES AND GIVES SCHOLARSHIPS TO LOCAL HIGH SCHOOLS THAT CHOOSE THE RECIPIENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE DONATE TO LOCAL CHARITIES; WE SELL DONATED ITEMS FOR CHARITABLE PURPOSES AND WE GIVE THE PROCEEDS TO CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Wiley President | OfficerTrustee | 8 | $0 |
Anrea Collette Treasurer | OfficerTrustee | 4 | $0 |
William Arey Vice President | OfficerTrustee | 6 | $0 |
Betsy Rock Financial Officer | OfficerTrustee | 4 | $0 |
Holly Hartge Member At Large | Officer | 2 | $0 |
Richard Orth Member At Large | Officer | 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 | $1,206,948 |
| Noncash contributions included in lines 1a–1f | $1,206,948 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,206,948 |
| Total Program Service Revenue | $0 |
| 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 | $1,206,948 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,750 |
| 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 | $573,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,663 |
| Payroll taxes | $44,048 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,421 |
| Office expenses | $45,394 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $79,565 |
| 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 | $47,777 |
| Insurance | $26,685 |
| All other expenses | $8,475 |
| Total functional expenses | $1,195,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,720 |
| Savings and temporary cash investments | $657,097 |
| 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 | $761 |
| Net Land, buildings, and equipment | $1,227,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,943,084 |
| 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 | $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 | $0 |
| Total liabilities and net assets/fund balances | $1,943,084 |
Grants Awarded
Over the last fiscal year, Closet Of The Greater Herndon Area Inc has awarded $154,250 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
ADAPTIVE FITNESS LEGION PURPOSE: TO ASSIST MISSION | $2,000 |
ALL AGES READ TOGETHER PURPOSE: TO ASSIST MISSION | $10,000 |
ASSISTANCE LEAGUE OF NORTHERN VIRGINIA PURPOSE: TO ASSIST MISSION | $1,250 |
BRITEPATH PURPOSE: TO ASSIST MISSION | $4,000 |
BRAWS PURPOSE: TO ASSIST MISSION | $5,000 |
BY FAITH FUN PURPOSE: TO ASSIST MISSION | $2,000 |