Civic Intelligence

The Princeton Closet Nfp

EIN 61-1460404 • 501(c)3 • Princeton, IL

Profile

To create an atmosphere of love and kindness to all who eneter, support those in need of material goods at a price that is fair to each individual, give back to the community to further support those program that are helping other areas of need and to support the mission statement with a spirit that is pleasing to god and glorifies him in all things.

2026 North Main StreetPrinceton, IL 61356

n/A

Siviq Scores

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

Liabilities / Assets

68th percentile

0.01x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.01x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

55th percentile

4.0%

Higher net margin than 55% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

61st percentile

4.2%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

65th percentile

11%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$436,870

Up $17,550 (+4.2%) from 2022

Liabilities

Down

$5,988

Down $571 (-8.7%) from 2022

Net Assets

Up

$430,882

Up $18,121 (+4.4%) from 2022

Revenue

Up

$451,522

Up $44,553 (+11%) from 2022

Expenses

Up

$433,401

Up $32,126 (+8.0%) from 2022

Net Income

Up

$18,121

Up $12,427 (+218%) from 2022

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $324,812Liabilities 2011: $213,983Net Assets 2011: $110,8292011Assets 2012: $332,786Liabilities 2012: $188,370Net Assets 2012: $144,4162012Assets 2013: $324,714Liabilities 2013: $162,971Net Assets 2013: $161,7432013Assets 2014: $317,035Liabilities 2014: $135,223Net Assets 2014: $181,8122014Assets 2015: $299,230Liabilities 2015: $104,609Net Assets 2015: $194,6212015Assets 2016: $287,334Liabilities 2016: $79,779Net Assets 2016: $207,5552016Assets 2018: $258,970Liabilities 2018: $3,955Net Assets 2018: $255,0152018Assets 2019: $329,596Liabilities 2019: $3,186Net Assets 2019: $326,4102019Assets 2020: $355,475Liabilities 2020: $3,686Net Assets 2020: $351,7892020Assets 2021: $412,365Liabilities 2021: $5,298Net Assets 2021: $407,0672021Assets 2022: $419,320Liabilities 2022: $6,559Net Assets 2022: $412,7612022Assets 2023: $436,870Liabilities 2023: $5,988Net Assets 2023: $430,8822023

Highlighted filing

2023

Assets$436,870
Liabilities$5,988
Net Assets$430,882

Operations Trend

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

$600K$400K$200K$0Revenue 2011: $238,208Expenses 2011: $218,626Net Income 2011: $19,5822011Revenue 2012: $255,599Expenses 2012: $222,012Net Income 2012: $33,5872012Revenue 2013: $258,648Expenses 2013: $241,322Net Income 2013: $17,3262013Revenue 2014: $252,856Expenses 2014: $232,787Net Income 2014: $20,0692014Revenue 2015: $251,796Expenses 2015: $238,987Net Income 2015: $12,8092015Revenue 2016: $259,625Expenses 2016: $246,691Net Income 2016: $12,9342016Revenue 2018: $289,751Expenses 2018: $270,882Net Income 2018: $18,8692018Revenue 2019: $338,658Expenses 2019: $293,818Net Income 2019: $44,8402019Revenue 2020: $254,611Expenses 2020: $229,232Net Income 2020: $25,3792020Revenue 2021: $386,883Expenses 2021: $343,206Net Income 2021: $43,6772021Revenue 2022: $406,969Expenses 2022: $401,275Net Income 2022: $5,6942022Revenue 2023: $451,522Expenses 2023: $433,401Net Income 2023: $18,1212023

Highlighted filing

2023

Revenue$451,522
Expenses$433,401
Net Income$18,121

Filings

Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 6, 2015
Return Version
2014v5.0
Gross Receipts
$252,856
Mission and Program Overview

Mission

To create an atmosphere of love and kindness to all who enter, support those in need of material goods at a price that is fair to each individual, give back to the community to further support those program that are helping other areas of need and to support the mission statement with a spirit that is pleasing to god and glorifies him in all things.

To create an atmosphere of love and kindness to all who eneter, support those in need of material goods at a price that is fair to each individual, give back to the community to further support those program that are helping other areas of need and to support the mission statement with a spirit that is pleasing to god and glorifies him in all things.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$299,387$288,867▼ $10,520
Rtn Earn Endowment Incm Other Fnds$161,743$181,812▲ $20,069
Cash and Non-Interest-Bearing Accounts$25,327$28,168▲ $2,841
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$324,714$317,035▼ $7,679
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$159,857$130,846▼ $29,011
Other Liabilities$3,114$4,377▲ $1,263
Total Liabilities$162,971$135,223▼ $27,748
Net Assets / Fund Balance
Total Net Assets Fund Balance$161,743$181,812▲ $20,069
Total Liabilities and Net Assets / Fund Balance$324,714$317,035▼ $7,679

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$250,612$102,562$353,174
Land$36,060-$36,060
Equipment$2,195$7,827$10,022
Compensation and Service Providers

Board Members and Trustees

NameTitle
Pamela GrayPresident
Cinda KierskiVice President
Crystal BuchmanDirector
Debbie RabeDirector
Jean HayesDirector
Sue ScruggsDirector
Trisha SchaferCloset Treasure
Pam CochranSecretary
Marilyn EckbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,469
Program Service Revenue
$0
Investment Income
$29
Other Revenue
$250,358
All Other Contributions
$2,469
Change in Net Assets
$20,069

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$125,000
Other Expenses$67,505
Salaries, Compensation, and Employee Benefits$40,282
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$125,000--$125,000
Other Salaries and Wages$23,696$12,759-$36,455
Occupancy$21,796$11,737-$33,533
Depreciation Depletion$10,520--$10,520
Payroll Taxes$1,821$980-$2,801
Office Expenses$1,095$589-$1,684
Other Employee Benefits$667$359-$1,026
Fees for Services Accounting$424$229-$653
Insurance-$605-$605
Other Expenses$519--$519
All Other Expenses-$25-$25
Total Functional Expenses$205,504$27,283$0$232,787
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bureau County Food PantryPrinceton, IL-Food for the Hungry$15,000
Young LifePrinceton, IL-Christian Youth Activities$15,000
Princeton Ministerial AssnPrinceton, IL-Emergency Funds for Needy$13,000
Bureau County Health & WellnePrinceton, IL-Health Care/needy$9,500
Bureau Co SeniorPrinceton, IL-Senior Citizen Care$7,000
Hampshire Colony ChurchPrinceton, IL-Making It$6,000
Tabithas HandsPrinceton, IL-Assist the Needy$6,000
Wunt RadioSheffield, IL-Christian Radio$6,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Liabilities$4,377
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Part VI, Line 11B: Form 990 Review Process

The closet treasurer & president receives and reviews a copy of the form 990 prior to filing. All members of the board also have access to the copy of the form 990 prior to filing for their review, etc.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The closet will furnish a printed copy of all or any part of its governing documents, financial statements and form 990 upon request from interested parties.

Filing and Contact Details

Filer

Filer Name
The Princeton Closet Nfp
EIN
61-1460404
Phone
8158753145
Address
2026 NORTH MAIN STREET, PRINCETON, IL 61356

Signing Officer

Name
Pamela Gray
Title
President
Signed
2015-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Trisha Schafer
Formed
2003
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
8
Employees
2
Volunteers
90

Preparer

Firm
Hopkins & Associates CPAs
Address
314 S McCoy Street, Granville, IL 61326-9333
Preparer
Joel Hopkins
Phone
8153396630
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0667
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01026
IRS990/OtherExpensesGrp/Desc0SALES TAX
IRS990/OtherExpensesGrp/Desc1DISPOSAL COSTS
IRS990/OtherExpensesGrp/Desc2OPERATING SUPPLIES
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023696
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0980
IRS990/PayrollTaxesGrp/ProgramServicesAmt01821
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IRS990/PrincipalOfficerNm0TRISHA SCHAFER
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAX LIABILITIES
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IRS990ScheduleI/RecipientTable/CashGrantAmt413000
IRS990ScheduleI/RecipientTable/CashGrantAmt56000
IRS990ScheduleI/RecipientTable/CashGrantAmt66000
IRS990ScheduleI/RecipientTable/CashGrantAmt715000
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SENIOR CITIZEN CARE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1FOOD FOR THE HUNGRY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2HEALTH CARE/NEEDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MAKING IT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4EMERGENCY FUNDS FOR NEEDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5ASSIST THE NEEDY
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6CHRISTIAN RADIO
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7CHRISTIAN YOUTH ACTIVITIES
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BUREAU CO SENIOR

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