Civic Intelligence

The Foster Closet Corp

EIN 26-2931033 • 501(c)3 • Jacksonville, FL

Profile

The organization provides clothing,School Supplies, Car Seats, Christmas Gifts and Basic home living essentials to Foster Children in 5 surrounding counties.

730 St Johns Bluff Rd NJacksonville, FL 32225

fostercloset.org

Siviq Scores

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

Liabilities / Assets

69th percentile

0.12x

Higher debt load relative to assets than 69% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

69th percentile

0.09x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

59th percentile

8.9%

Higher net margin than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

71st percentile

$60,000

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

62nd percentile

8.9%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

76th percentile

34%

Faster revenue growth than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$507,201

Up $41,257 (+8.9%) from 2022

Liabilities

Down

$60,000

Down $16,136 (-21%) from 2022

Net Assets

Up

$447,201

Up $57,393 (+15%) from 2022

Revenue

Up

$643,424

Up $163,021 (+34%) from 2022

Expenses

Up

$586,032

Up $120,100 (+26%) from 2022

Net Income

Up

$57,392

Up $42,921 (+297%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $8,079Net Assets 2011: $8,0792011Assets 2012: $16,877Net Assets 2012: $16,8772012Assets 2013: $26,472Net Assets 2013: $26,4722013Assets 2014: $40,018Net Assets 2014: $40,0182014Assets 2015: $20,956Net Assets 2015: $20,9562015Assets 2017: $0Net Assets 2017: $02017Assets 2018: $35,615Net Assets 2018: $35,6152018Assets 2019: $321,101Liabilities 2019: $2,213Net Assets 2019: $318,8882019Assets 2020: $449,486Liabilities 2020: $84,067Net Assets 2020: $365,4192020Assets 2021: $449,214Liabilities 2021: $95,880Net Assets 2021: $353,3342021Assets 2022: $465,944Liabilities 2022: $76,136Net Assets 2022: $389,8082022Assets 2023: $507,201Liabilities 2023: $60,000Net Assets 2023: $447,2012023

Highlighted filing

2023

Assets$507,201
Liabilities$60,000
Net Assets$447,201

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $59,721Expenses 2011: $51,642Net Income 2011: $8,0792011Revenue 2012: $57,797Expenses 2012: $48,999Net Income 2012: $8,7982012Revenue 2013: $105,930Expenses 2013: $96,335Net Income 2013: $9,5952013Revenue 2014: $93,116Expenses 2014: $79,570Net Income 2014: $13,5462014Revenue 2015: $91,899Expenses 2015: $110,961Net Income 2015: -$19,0622015Revenue 2017: $02017Revenue 2018: $150,455Expenses 2018: $152,036Net Income 2018: -$1,5812018Revenue 2019: $613,557Expenses 2019: $457,589Net Income 2019: $155,9682019Revenue 2020: $564,836Expenses 2020: $513,936Net Income 2020: $50,9002020Revenue 2021: $372,208Expenses 2021: $384,292Net Income 2021: -$12,0842021Revenue 2022: $480,403Expenses 2022: $465,932Net Income 2022: $14,4712022Revenue 2023: $643,424Expenses 2023: $586,032Net Income 2023: $57,3922023

Highlighted filing

2023

Revenue$643,424
Expenses$586,032
Net Income$57,392

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 15, 2024
Return Version
2023v5.1
Gross Receipts
$643,424
Mission and Program Overview

Mission

To provide clothing and more to Foster Children

The organization provides clothing,School Supplies, Car Seats, Christmas Gifts and Basic home living essentials to Foster Children in 5 surrounding counties.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$310,778$382,838▲ $72,060
Other Notes and Loans Receivable, Net$60,000$60,000→ $0
Cash and Non-Interest-Bearing Accounts$83,817$53,014▼ $30,803
Total Assets$465,944$507,201▲ $41,257
Other Assets Total$11,349$11,349→ $0
Liabilities
Other Liabilities$76,136$60,000▼ $16,136
Total Liabilities$76,136$60,000▼ $16,136
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$389,808$447,201▲ $57,393
Total Net Assets Fund Balance$389,808$447,201▲ $57,393
Total Liabilities and Net Assets / Fund Balance$465,944$507,201▲ $41,257

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$11,349--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Tammy McGuirePresidentFT$60,000$60,000

Board Members and Trustees

NameTitle
John McGuireVice President
Greg HuntingtonDirector
Tabitha O'ConnorSecretary
Mark CookTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$643,424
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$554,934
Change in Net Assets
$57,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$506,147
Salaries, Compensation, and Employee Benefits$79,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$0$95,337$0$95,337
Other Salaries and Wages$0$74,208$0$74,208
Other Expenses$22,878$0$0$22,878
Insurance$0$14,407$0$14,407
Payroll Taxes$0$5,677$0$5,677
Office Expenses$0$4,047$0$4,047
Fees for Services Accounting$0$1,854$0$1,854
Advertising$0$347$0$347
Interest$0$-38$0$-38
Total Functional Expenses$390,193$195,839$0$586,032
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
NP- SBA EIDL Loan$60,000
AMEX Credit Card$0
Salaries Payable$0
Payroll Tax LIability$0
NP- BlueVine PPP$0
Other Current Liabilities$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
The Foster Closet Corp
EIN
26-2931033
Phone
9046292116
Address
730 ST JOHNS BLUFF RD N, JACKSONVILLE, FL 32225
Doing Business As
The Foster Closet Corp

Signing Officer

Name
Mark E Cook
Title
Treasurer
Phone
9046292116
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark E Cook
Formed
2008
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
6
Volunteers
10

Preparer

Firm
Mark E Cook CPA LLC
Address
12217 LASHBROOK CT, JACKSONVILLE, FL 32223
Preparer
Mark E Cook CPA
Phone
9046191058
Supplemental Narrative

Additional Explanations

Pt VI, Line 2

Vice President is the spouse of the President

Pt VI, Line 8B

Organization has no functioning committees

Pt VI, Line 11B

Organization Form 990 is prepared by the Treasurer and reviewed by the President & Vice President before Filing

Form 990, Part IX, Line 24E

Auto expenses 1948. 0. 1948. 0.

Form 990, Part IX, Line 24E

Computer & internet exp 5898. 0. 5898. 0.

Form 990, Part IX, Line 24E

Event exp 459. 0. 459. 0.

Form 990, Part IX, Line 24E

Meals & entertainment 1010. 0. 1010. 0.

Form 990, Part IX, Line 24E

TAXES 4. 0. 4. 0.

Form 990, Part IX, Line 24E

Phone exp 4191. 0. 4191. 0.

Form 990, Part IX, Line 24E

POSTAGE 333. 0. 333. 0.

Form 990, Part IX, Line 24E

RENT 65000. 0. 65000. 0.

Form 990, Part IX, Line 24E

REPAIR 285. 0. 285. 0.

Form 990, Part IX, Line 24E

Utilities 3236. 0. 3236. 0.

Form 990, Part IX, Line 24E

Dues & subscriptions 45. 0. 45. 0.

Form 990, Part IX, Line 24E

Bank charges 82. 0. 82. 0.

Form 990, Part IX, Line 24E

Licenses & fees 12309. 0. 12309. 0.

Form 990, Part IX, Line 24E

Merchant services fees 223. 0. 223. 0.

Form 990, Part IX, Line 24E

Travel - meals 293. 0. 293. 0.

Form 990, Part IX, Line 24E

SUPPLIES 21. 0. 21. 0.

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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/OtherLiabilitiesOrgGrp/Desc5Other Current Liabilities
IRS990ScheduleD/TotalBookValueOtherAssetsAmt011349
IRS990ScheduleD/TotalLiabilityAmt060000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Vice President is the spouse of the President
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization has no functioning committees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization Form 990 is prepared by the Treasurer and reviewed by the President & Vice President before Filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUTO EXPENSES 1948. 0. 1948. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPUTER & INTERNET EXP 5898. 0. 5898. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EVENT EXP 459. 0. 459. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEALS & ENTERTAINMENT 1010. 0. 1010. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TAXES 4. 0. 4. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PHONE EXP 4191. 0. 4191. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9POSTAGE 333. 0. 333. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10RENT 65000. 0. 65000. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11REPAIR 285. 0. 285. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12UTILITIES 3236. 0. 3236. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13DUES & SUBSCRIPTIONS 45. 0. 45. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14BANK CHARGES 82. 0. 82. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LICENSES & FEES 12309. 0. 12309. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16MERCHANT SERVICES FEES 223. 0. 223. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17TRAVEL - MEALS 293. 0. 293. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18SUPPLIES 21. 0. 21. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0465944
IRS990/TotalAssetsEOYAmt0507201
IRS990/TotalAssetsGrp/BOYAmt0465944
IRS990/TotalAssetsGrp/EOYAmt0507201
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0643424
IRS990/TotalEmployeeCnt06
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0195839
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0390193
IRS990/TotalFunctionalExpensesGrp/TotalAmt0586032
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt076136
IRS990/TotalLiabilitiesEOYAmt060000
IRS990/TotalLiabilitiesGrp/BOYAmt076136
IRS990/TotalLiabilitiesGrp/EOYAmt060000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0389808
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0447201
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0390193
IRS990/TotalReportableCompFromOrgAmt060000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0643424
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0465944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0507201
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt012217 Lashbrook Ct
IRS990/USAddress/CityNm0Jacksonville
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd032223
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0https://fostercloset.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Mark E Cook
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09046292116
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE FOSTER CLOSET CORP
ReturnHeader/Filer/BusinessNameControlTxt0FOST
ReturnHeader/Filer/EIN0262931033
ReturnHeader/Filer/PhoneNum09046292116
ReturnHeader/Filer/USAddress/AddressLine1Txt0730 ST JOHNS BLUFF RD N
ReturnHeader/Filer/USAddress/CityNm0JACKSONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd032225
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263723837
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARK E COOK CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012217 LASHBROOK CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd032223
ReturnHeader/PreparerPersonGrp/PhoneNum09046191058
ReturnHeader/PreparerPersonGrp/PreparationDt02024-09-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mark E Cook CPA
ReturnHeader/ReturnTs02024-09-02T14:47:07-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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