Clothing Inc
- Assets
- $102.2k
- Revenue
- $98.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Mt Pleasant, MI
- Founding
- 06/2016
- Data as of
- 05/2022
- EIN
- 81-2711819
Organization Overview
Clothing Inc is located in Mt Pleasant, MI. The organization was established in 2016. 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 05/2022, Clothing Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothing 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 05/2022, Clothing Inc generated $98.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $95.6k during the year ending 05/2022. While expenses have increased by 20.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CLOTHING TO ANYONE WHO NEEDS IT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE FEB 2013, CLOTHING INC HAS HELPED APPROXIMATELY 37,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Briggs Director | Trustee | $0 | |
Karen Butler Director | Trustee | $0 | |
Steve Powers Director | Trustee | $0 | |
Camille Kurtis-Coller Director | Trustee | $0 | |
Mike Metro Director | Trustee | $0 | |
Kaye Peasley Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,204 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,910 |
| 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 | $9,953 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,863 |
| 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. | $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 | $43,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25 |
| Office expenses | $1,411 |
| Information technology | $168 |
| Royalties | $0 |
| Occupancy | $42,280 |
| 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 | $2,959 |
| All other expenses | $0 |
| Total functional expenses | $95,584 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,150 |
| 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 | $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 | $102,150 |
| 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 | $102,150 |
| 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 | $102,150 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clothing Inc has recieved totaling $15,800.
| Awarding Organization | Amount |
|---|---|
Insurance Management Associates Foundation Wichita, KS PURPOSE: PROGRAM SERVICES | $10,300 |
Mt Pleasant Area Community Foundation Inc Mt Pleasant, MI PURPOSE: SOCKS AND UNDERWEAR | $5,500 |
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|---|---|---|
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Center Of Hope Family Services Inc Toledo, OH | $281,129 | $1,208,489 |
Kids In Distress Services Inc Saint Clair, MI | $3,090,795 | $2,140,549 |
We Care Of Kokomo Inc Kokomo, IN | $6,878,911 | $808,489 |
Fish Of Shelby County Inc Sidney, OH | $422,562 | $250,057 |
Coats For Kids-Cleveland Independence, OH | $432,356 | $354,589 |
Old Newsboys Of Flint Flint, MI | $2,277,151 | $523,982 |
Michigan Christmas Tree Association Inc Durand, MI | $123,852 | $284,317 |
Fr Genes Help Inc West Allis, WI | $2,191,833 | $353,979 |