Closet Inc
- Assets
- $93.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-3081944
Organization Overview
Closet Inc is located in Boise, ID. The organization was established in 2016. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Closet Inc generated $95.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $64.8k during the year ending 12/2021. While expenses have increased by 4.1% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDING FREE CLOTHES TO TEENS IN NEED BY PROVIDING A STOREFRONT AND PERSONALIZED SHOPPING EXPERIENCE THAT ALLOWS EACH TEEN TO LEAVE WITH 12 NEW/GENTLY USED ITEMS. THE CLOSET SERVED 843 TEENS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Mcmurry President | 30 | $24,000 | |
Karyn Mckinney Treasurer | 1 | $0 | |
Matthew Mcmurry Secretary | 2 | $0 | |
Shawn Schniker Director | 1 | $0 | |
Cathy Wright Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,511 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $95,523 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,603 |
| Professional fees and other payments to independent contractors | $315 |
| Occupancy, rent, utilities, and maintenance | $28,230 |
| Printing, publications, postage, and shipping | $554 |
| Other expenses | $8,138 |
| Total expenses | $64,840 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,372 |
| Other assets | $0 |
| Total assets | $92,994 |
| Total liabilities | $651 |
| Net assets or fund balances | $92,343 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Closet Inc has recieved totaling $39,507.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $26,464 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,038 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
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|---|---|---|
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Community Services Of Moses Lake Inc Moses Lake, WA | $4,192,683 | $8,480,054 |
Ballard Food Bank Seattle, WA | $20,391,602 | $14,249,244 |
Puyallup Food Bank Puyallup, WA | $3,419,718 | $5,275,690 |
Harvest Against Hunger Seattle, WA | $960,690 | $5,878,024 |
University District Service League Seattle, WA | $6,354,078 | $6,363,383 |
Las Vegas Rescue Mission Las Vegas, NV | $10,258,184 | $5,827,768 |
North Helpline Seattle, WA | $3,029,179 | $5,310,612 |
Community Sharing Program Cottage Grove, OR | $1,172,872 | $4,294,366 |
White Center Emergency Food Association Seattle, WA | $3,261,391 | $4,091,573 |
Kent Food Bank And Emergency Services Kent, WA | $1,547,997 | $3,752,103 |
Snow Cap Community Charites Fairview, OR | $6,428,689 | $4,080,561 |