Civic Intelligence

Foster Care Closet

EIN 26-0595115 • 501(c)3 • Lincoln, NE

Profile

To provide clothing to children in the foster care system. To also provide an intake care center where children, along with their case manager, are in a safe surrounding during the placement process. While there, in addition to the support of the center, they select clothing, a backpack and a meal of their choosing.

643 S 25 St Ste 8Lincoln, NE 68510

fostercarecloset.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.07x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.02x

Higher debt load relative to revenue than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

31st percentile

-4.3%

Higher net margin than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$50,045

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

15th percentile

-18%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

36th percentile

-2.0%

Faster revenue growth than 36% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$228,468

Down $51,844 (-18%) from 2023

Liabilities

Up

$15,179

Up $491 (+3.3%) from 2023

Net Assets

Down

$213,289

Down $52,335 (-20%) from 2023

Revenue

Down

$679,208

Down $13,657 (-2.0%) from 2023

Expenses

Up

$708,328

Up $29,301 (+4.3%) from 2023

Net Income

Down

-$29,120

Down $42,958 (-310%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2018: $44,286Liabilities 2018: $3,459Net Assets 2018: $40,8272018Assets 2019: $75,380Liabilities 2019: $4,600Net Assets 2019: $70,7802019Assets 2020: $71,316Liabilities 2020: $10,041Net Assets 2020: $61,2752020Assets 2021: $149,755Liabilities 2021: $10,635Net Assets 2021: $139,1202021Assets 2022: $264,618Liabilities 2022: $12,832Net Assets 2022: $251,7862022Assets 2023: $280,312Liabilities 2023: $14,688Net Assets 2023: $265,6242023Assets 2024: $228,468Liabilities 2024: $15,179Net Assets 2024: $213,2892024

Highlighted filing

2024

Assets$228,468
Liabilities$15,179
Net Assets$213,289

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2018: $405,117Expenses 2018: $391,759Net Income 2018: $13,3582018Revenue 2019: $413,468Expenses 2019: $383,515Net Income 2019: $29,9532019Revenue 2020: $408,198Expenses 2020: $417,703Net Income 2020: -$9,5052020Revenue 2021: $521,706Expenses 2021: $443,861Net Income 2021: $77,8452021Revenue 2022: $693,283Expenses 2022: $580,617Net Income 2022: $112,6662022Revenue 2023: $692,865Expenses 2023: $679,027Net Income 2023: $13,8382023Revenue 2024: $679,208Expenses 2024: $708,328Net Income 2024: -$29,1202024

Highlighted filing

2024

Revenue$679,208
Expenses$708,328
Net Income-$29,120

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jun 13, 2025
Return Version
2023v6.0
Gross Receipts
$679,208
Mission and Program Overview

Mission

To provide clothing to children in the foster care system. To also provide an intake care center where children, along with their case manager, are in a safe surrounding during the placement process. While there, in addition to the support of the center, they select clothing, a backpack and a meal of their choosing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$199,693$135,066▼ $64,627
Land, Buildings, and Equipment, Net$17,508$64,946▲ $47,438
Pledges and Grants Receivable$44,808--
Cash and Non-Interest-Bearing Accounts$17,214$28,456▲ $11,242
Other Notes and Loans Receivable, Net$1,089--
Total Assets$280,312$228,468▼ $51,844
Liabilities
Accounts Payable and Accrued Expenses$14,688$15,179▲ $491
Total Liabilities$14,688$15,179▲ $491
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$265,624$213,289▼ $52,335
Total Net Assets Fund Balance$265,624$213,289▼ $52,335
Total Liabilities and Net Assets / Fund Balance$280,312$228,468▼ $51,844

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,946$24,071$89,017
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leigh EsauPresidentFT$50,045$50,045
Tim BalzerExecutive DiFT$46,800$46,800

Board Members and Trustees

NameTitle
Andy HulsDirector
Dale DauenhauerDirector
Kay FunkDirector
Kimberly JacksonDirector
William T ZimmerDirector
Carrie a BeltranSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$674,949
Program Service Revenue
$0
Investment Income
$3,832
Other Revenue
$427
All Other Contributions
$273,301
Change in Net Assets
$-29,120

Audited Revenue Reconciliation

Revenue per Audited Statements
$679,208
Total Revenue per Audited Statements
$679,208
Total Revenue per Form 990
$679,208
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$386,549
Salaries, Compensation, and Employee Benefits$321,779
Total Fundraising Expense$48,570
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$111,865$65,466$24,081$201,412
Current Officers, Directors, Trustees, and Key Employees$53,788$31,479$11,578$96,845
Occupancy$63,993$60-$64,053
Fees for Services Other$615$31,863$2,579$35,057
Payroll Taxes$17,491$3,130$2,901$23,522
Insurance$1,449$15,638-$17,087
All Other Expenses$8,115$1,856$695$10,666
Fees for Services Accounting-$8,109-$8,109
Other Expenses$378$6,562$35$6,975
Office Expenses$5,730$268$40$6,038
Information Technology$5,676--$5,676
Travel$5,413$60$55$5,528
Depreciation Depletion$5,267--$5,267
Advertising$1,692$284$2,124$4,100
Fees for Services Legal-$199-$199
Total Functional Expenses$483,429$176,329$48,570$708,328

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$708,328
Total Expenses per Audited Statements$708,328
Total Expenses per Form 990$708,328
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The president and executive director review the form 990 prior to filing.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Foster Care Closet
EIN
26-0595115
Phone
4026170667
Address
643 S 25 ST STE 8, LINCOLN, NE 68510

Signing Officer

Name
Tim Balzer
Title
Executive Director
Phone
4026170667
Signed
2025-06-13

Organization Details

Principal Officer
Tim Balzer
Formed
2011
Legal Domicile
Ne
Voting Board Members
7
Independent Board Members
6
Employees
17
Volunteers
112

Preparer

Firm
Grafton & Associates Pc
Address
5935 S 56TH ST SUITE A, LINCOLN, NE 68516
Preparer
Joseph J Meduna
Phone
4024863600
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To provide clothing to children in the foster care system. To also provide an intake care center where children, along with their case manager, are in a safe surrounding during the placement process. While there, in addition to the support of the center, they select clothing, a backpack and a meal of their choosing.

Financial Statement Notes

Schedule D, Page 3, Part X

Foster care closet is an exempt organization under internal revenue code section 501(c)(3) and, therefore, is not subject to corporate income taxes. The organization has been classified as other than a private foundation by the internal revenue service. The organization does not carry on any unrelated business activities and accordingly no provision for unrelated business income taxes has been made.management also believes the organization has not taken any uncertain tax positions; therefore, no provision has been reflected in the financial statements. As of report release date, the tax years which still may be subject to an internal revenue service audit are for fiscal years ending september 30, 2023, 2022, and 2021, respectively.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOSTER CARE CLOSET IS AN EXEMPT ORGANIZATION UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, THEREFORE, IS NOT SUBJECT TO CORPORATE INCOME TAXES. THE ORGANIZATION HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION BY THE INTERNAL REVENUE SERVICE. THE ORGANIZATION DOES NOT CARRY ON ANY UNRELATED BUSINESS ACTIVITIES AND ACCORDINGLY NO PROVISION FOR UNRELATED BUSINESS INCOME TAXES HAS BEEN MADE.MANAGEMENT ALSO BELIEVES THE ORGANIZATION HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS; THEREFORE, NO PROVISION HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. AS OF REPORT RELEASE DATE, THE TAX YEARS WHICH STILL MAY BE SUBJECT TO AN INTERNAL REVENUE SERVICE AUDIT ARE FOR FISCAL YEARS ENDING SEPTEMBER 30, 2023, 2022, AND 2021, RESPECTIVELY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE CLOTHING TO CHILDREN IN THE FOSTER CARE SYSTEM. TO ALSO PROVIDE AN INTAKE CARE CENTER WHERE CHILDREN, ALONG WITH THEIR CASE MANAGER, ARE IN A SAFE SURROUNDING DURING THE PLACEMENT PROCESS. WHILE THERE, IN ADDITION TO THE SUPPORT OF THE CENTER, THEY SELECT CLOTHING, A BACKPACK AND A MEAL OF THEIR CHOOSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0483429
IRS990/TotalFunctionalExpensesGrp/TotalAmt0708328
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IRS990/TotalLiabilitiesGrp/EOYAmt015179
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IRS990/TotalProgramServiceExpensesAmt0483429
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0679208
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0228468
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IRS990/TravelGrp/TotalAmt05528
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0643 S 25 STREET STE 8
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0NE
IRS990/USAddress/ZIPCd068502
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTP://FOSTERCARECLOSET.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TIM BALZER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04026170667
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOSTER CARE CLOSET
ReturnHeader/Filer/BusinessNameControlTxt0FOST
ReturnHeader/Filer/EIN0260595115
ReturnHeader/Filer/PhoneNum04026170667
ReturnHeader/Filer/USAddress/AddressLine1Txt0643 S 25 ST STE 8
ReturnHeader/Filer/USAddress/CityNm0LINCOLN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NE
ReturnHeader/Filer/USAddress/ZIPCd068510
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823725220
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GRAFTON & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05935 S 56TH ST SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LINCOLN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd068516
ReturnHeader/PreparerPersonGrp/PhoneNum04024863600
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH J MEDUNA
ReturnHeader/ReturnTs02025-08-13T14:01:29-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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