Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.92x
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
43rd percentile
Higher net margin than 43% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$83,889
No earlier filing loaded for comparison.
Net Assets
$6,730
No earlier filing loaded for comparison.
Liabilities
$77,159
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$188,146
No earlier filing loaded for comparison.
Expenses
$181,416
No earlier filing loaded for comparison.
Net Income
$6,730
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2021 to Jun 30, 2022
- Signed
- Nov 22, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $188,146
Mission and Program Overview
Mission
Local cloth is dedicated to growing and supporting the fiber economy in western north carolina through education, inclusive programming, and services which add value to local products. We advocate for our regional community of farmers, artists, makers and designers.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO RAISE AWARENESS AND APPRECIATION FOR LOCAL PLANT AND ANIMAL FIBER AND FIBER ART PRODUCTS, TO INCREASE ACCESS TO, AND AVAILABILITY OF, LOCAL TEXTILES AND FIBER, TO STRENGTHEN THE ECONOMIC VIABILITY OF OUR LOCAL CREATIVE COMMUNITY AND HELP REINVEST IN THE TEXTILE INDUSTRY, TO ADVOCATE FOR NEW MARKETS, PROGRAMS AND SERVICES TO ADD VALUE TO LOCAL PRODUCTS AND CREATE JOBS. | - | $153,529 |
| SEE OTHER PROGRAM ACCOMPLISHMENTS | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JUDI JETSON | Chairman | PT | $0 | - | - |
| JOYCE TROMBA | Officer | PT | $0 | - | - |
| DENISE ARCURI | Officer | - | $0 | - | - |
| JOANN STANLEY | Officer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Local Clothinc
- EIN
- 45-5399614
- Phone
- 8287745134
- Address
- 408 DEPOT ST 100-110, ASHEVILLE, NC 28801
Signing Officer
- Name
- Judi Jetson
- Title
- Chairman
- Phone
- 8287745134
- Signed
- 2022-11-22
Preparer
- Firm
- Carol L King & Associates Pa
- Address
- 40 N FRENCH BROAD AVE, ASHEVILLE, NC 28801
- Preparer
- Bruce E Manes CPA
- Phone
- 8282582323
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising and promotion 3,534 258 website + wild apricot 1,296 insurance 743 special events 4,081 studio 136,279 blue ridge blankets 12,881 total 159,072”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 0 1,804 deferred revenue 0 36,860 0 38,495”
Form 990-ez, Part III
“Local cloth is dedicated to growing and supporting the fiber economy in western north carolina through education, inclusive programming, and services which add value to local products. We advocate for our regional community of farmers, artists, makers and designers.”
Form 990-ez, Part III, Line 31
“To raise awareness and appreciation for local plant and animal fiber and fiber art products, to increase access to, and availability of, local textiles and fiber, to strengthen the economic viability of our local creative community and help reinvest in the textile industry, to advocate for new markets, programs and services to add value to local products and create jobs.”
Raw XML Appendix122 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | JUDI JETSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8287745134 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3 HIGH BLUFF DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | WEAVERVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 28787 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 83889 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 14200 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 6730 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 22344 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 83889 |
| IRS990EZ/GrossReceiptsAmt | 0 | 188146 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 6730 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 6730 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 20.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JUDI JETSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JOYCE TROMBA |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | DENISE ARCURI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JOANN STANLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIRMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | OFFICER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 159072 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | LOCAL CLOTH IS DEDICATED TO GROWING AND SUPPORTING THE FIBER ECONOMY IN WESTERN NORTH CAROLINA THROUGH EDUCATION, INCLUSIVE PROGRAMMING, AND SERVICES WHICH ADD VALUE TO LOCAL PRODUCTS. WE ADVOCATE FOR OUR REGIONAL COMMUNITY OF FARMERS, ARTISTS, MAKERS AND DESIGNERS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 173946 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SEE OTHER PROGRAM ACCOMPLISHMENTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | TO RAISE AWARENESS AND APPRECIATION FOR LOCAL PLANT AND ANIMAL FIBER AND FIBER ART PRODUCTS, TO INCREASE ACCESS TO, AND AVAILABILITY OF, LOCAL TEXTILES AND FIBER, TO STRENGTHEN THE ECONOMIC VIABILITY OF OUR LOCAL CREATIVE COMMUNITY AND HELP REINVEST IN THE TEXTILE INDUSTRY, TO ADVOCATE FOR NEW MARKETS, PROGRAMS AND SERVICES TO ADD VALUE TO LOCAL PRODUCTS AND CREATE JOBS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 153529 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 77159 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 181416 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 153529 |
| IRS990EZ/TotalRevenueAmt | 0 | 188146 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://LOCALCLOTH.ORG/ |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | false |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | true |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 14200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 14200 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 173946 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 14200 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 14200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 14200 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 14200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING AND PROMOTION 3,534 258 WEBSITE + WILD APRICOT 1,296 INSURANCE 743 SPECIAL EVENTS 4,081 STUDIO 136,279 BLUE RIDGE BLANKETS 12,881 TOTAL 159,072 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 1,804 DEFERRED REVENUE 0 36,860 0 38,495 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | LOCAL CLOTH IS DEDICATED TO GROWING AND SUPPORTING THE FIBER ECONOMY IN WESTERN NORTH CAROLINA THROUGH EDUCATION, INCLUSIVE PROGRAMMING, AND SERVICES WHICH ADD VALUE TO LOCAL PRODUCTS. WE ADVOCATE FOR OUR REGIONAL COMMUNITY OF FARMERS, ARTISTS, MAKERS AND DESIGNERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO RAISE AWARENESS AND APPRECIATION FOR LOCAL PLANT AND ANIMAL FIBER AND FIBER ART PRODUCTS, TO INCREASE ACCESS TO, AND AVAILABILITY OF, LOCAL TEXTILES AND FIBER, TO STRENGTHEN THE ECONOMIC VIABILITY OF OUR LOCAL CREATIVE COMMUNITY AND HELP REINVEST IN THE TEXTILE INDUSTRY, TO ADVOCATE FOR NEW MARKETS, PROGRAMS AND SERVICES TO ADD VALUE TO LOCAL PRODUCTS AND CREATE JOBS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JUDI JETSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIRMAN |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8287745134 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-11-22 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOCAL CLOTHINC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOCA |
| ReturnHeader/Filer/EIN | 0 | 455399614 |
| ReturnHeader/Filer/PhoneNum | 0 | 8287745134 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 408 DEPOT ST 100-110 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ASHEVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 28801 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 561904032 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CAROL L KING & ASSOCIATES PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 40 N FRENCH BROAD AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ASHEVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 28801 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8282582323 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-11-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRUCE E MANES CPA |
| ReturnHeader/ReturnTs | 0 | 2022-11-28T08:46:26-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | JUDI |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | JETSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $83,889
- Liabilities
- $77,159
- Net assets
- $6,730
- Revenue
- $188,146
- Expenses
- $181,416
- Net income
- $6,730
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2024Detailed filing. Detailed filing data is available for this year. | $0.81 | $0.01 | $0.80 | $2.85 | $2.84 | $0.01 |
| 2023Detailed filing. Detailed filing data is available for this year. | $0.80 | $0.00 | $0.79 | $2.07 | $2.10 | $0.03 |
| 2022Detailed filing. Detailed filing data is available for this year. | $0.84 | $0.77 | $0.07 | $1.88 | $1.81 | $0.07 |