Christian Closet Inc
- Assets
- $794.4k
- Revenue
- $317.6k
- Investments
- $0.0
- Employees
- 16
- Location
- Rockingham, NC
- Founding
- 08/2001
- Data as of
- 12/2023
- EIN
- 56-2235097
Organization Overview
Christian Closet Inc is located in Rockingham, NC. 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. As of 12/2023, Christian Closet Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian 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, Christian Closet Inc generated $317.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $412.8k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THIS AGENCY OPERATES A STORE SELLING DONATED ITEMS TO THE PUBLIC WITH THEPROCEEDS GOING TO PROVIDE ASSISTANCE TO CANCER VICTIMS, FAMILY MEMBERS WITH RARE MEDICAL CONDITIONS AND DONATIONS FOR WHEEL CHAIR RAMPS, SCHOOLUNIFORMS, TOYS FOR TOTS AND OTHER NEEDS FOR LOCAL FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS AGENCY OPERATES A STORE SELLING DONATED ITEMS TO THE PUBLIC WITH THEPROCEEDS GOING TO CHARITABLE PROJECTS. IN THE CALENDAR YEAR 2023 - THERE WERE NUMEROUS REQUESTS FROM FAMILIES IN RICHMOND COUNTY FOR WHEEL CHAIR RAMPS. $16,230 WAS DONATED TO PEE DEE BAPTIST CHURCH TO BUILD 22 WHEEL CHAIR RAMPS, HAMLET SECOND BAPTIST CHURCH RECEIVED $24,741 TO BUILD 26 RAMPS, AND PINE GROVE BAPTIST CHURCH RECEIVED $3,000 TO BUILD 5 RAMPS. $9,000 WAS PROVIDED TO 5 FAMILIES TO HELP WITH LIVING EXPENSES AND MEDICAL COSTS. $3,000 WAS GIVEN THE LOCAL HIGH SCHOOL AND COMMUNITY COLLEGE TO PROVIDE 3 SCHOLARSHIPS. $500 WAS GIVEN TO HELP PROVIDE SHOES FOR UNDERPRIVILEGED CHILDREN. $2,000 WAS GIVEN TO THE LOCAL LIBRARY FOR THE SRP/STORY TIME PROGRAM, AND CLOTHING AND SHOES VALUED AT $293 WAS GIVEN TO THE RED CROSS AND LOCAL DSS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosann Gerald Director | Trustee | 2 | $0 |
Verna Grant Director | Trustee | 2 | $0 |
Bobby Caulder Director | Trustee | 2 | $0 |
Hazel Seibles Secretary | OfficerTrustee | 3 | $0 |
Randy Wrenn Vice Chairman | OfficerTrustee | 4 | $0 |
H F Frye Jr Chairman | OfficerTrustee | 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 | $311,348 |
| Noncash contributions included in lines 1a–1f | $311,348 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,348 |
| Total Program Service Revenue | $0 |
| Investment income | $6,237 |
| 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 | $317,585 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $49,764 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,743 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,335 |
| Payroll taxes | $18,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,023 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,573 |
| Travel | $212 |
| 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 | $7,200 |
| Insurance | $7,559 |
| All other expenses | $0 |
| Total functional expenses | $412,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104,533 |
| Savings and temporary cash investments | $315,433 |
| 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 | $374,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $794,431 |
| Accounts payable and accrued expenses | $4,034 |
| 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 | $4,034 |
| Net assets without donor restrictions | $790,397 |
| 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 | $794,431 |
Grants Awarded
Over the last fiscal year, Christian Closet Inc has awarded $40,969 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SECOND BAPTIST CHURCH PURPOSE: Build Wheelchair Ramps | $24,741 |
PEE DEE BAPTIST CHURCH PURPOSE: Build Wheelchair Ramps | $16,228 |