Lydias Closet Consortium Nfp
- Assets
- $372.1k
- Revenue
- $129.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Oblong, IL
- Founding
- 08/2016
- Data as of
- 12/2021
- EIN
- 81-2888931
Organization Overview
Lydias Closet Consortium Nfp is located in Oblong, IL. The organization was established in 2016. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lydias Closet Consortium Nfp 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 12/2021, Lydias Closet Consortium Nfp generated $129.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $130.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO PROVIDE COLLEGE SCHOLARSHIPS AND SKILL IMPROVEMENT OPPORTUNITIES FOR INDIVIDUALS WHO ARE COMMITTED TO SHARING THE MESSAGE OF THE GOSPEL OF JESUS CHRIST, AS WELL AS TO GIVE BACK TO OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIPS TO DESERVING STUDENTS.
PROVIDED DONATED CLOTHING AND HOUSEHOLD ITEMS TO INDIVIDUALS IN NEED.
CONTRIBUTIONS TO OTHER NON-PROFITS WITH SIMILAR MISSION STATEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David E Wolfe President, Director | OfficerTrustee | 2 | $0 |
John A Lefever Secretary, Director | OfficerTrustee | 2 | $0 |
Phillip Boyd Treasurer, Director | OfficerTrustee | 2 | $0 |
Greg K Henry Director | Trustee | 2 | $0 |
Robert K Bomer Director | Trustee | 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 | $122,202 |
| Noncash contributions included in lines 1a–1f | $95,922 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,202 |
| Total Program Service Revenue | $0 |
| Investment income | $6,748 |
| 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 | $128,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,270 |
| Grants and other assistance to domestic individuals. | $120,721 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,375 |
| 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 | $167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41 |
| 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 | $1,894 |
| Insurance | $419 |
| All other expenses | $0 |
| Total functional expenses | $130,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,025 |
| Savings and temporary cash investments | $203,142 |
| 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 | $40,918 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $106,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $372,071 |
| 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 | $372,071 |
| 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 | $372,071 |
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|---|---|---|
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Starfish Inc Indianapolis, IN | $417,636 | $786,972 |
Covenant Community Development Corporation Fort Wayne, IN | $650,557 | $1,081,632 |
Rotary Club Of Rock Valley Foundation Inc Rock Valley, IA | $267,873 | $573,160 |
Best Friends of Neenah-Menasha In Neenah, WI | $295,778 | $397,727 |
Chicag0-Lawndale Amachi Mentoring Program Lamp Chicago, IL | $556,317 | $515,062 |
Mbsa Mundelein, IL | $250,670 | $381,652 |
Mentor Greater Milwaukee Inc Milwaukee, WI | $388,494 | $443,907 |
Mentor Iowa Urbandale, IA | $440,962 | $311,885 |
Trusted Mentors Inc Indianapolis, IN | $169,757 | $248,023 |
Kinship Of Polk County Inc Balsam Lake, WI | $396,541 | $228,462 |