Civic Intelligence

Closet Inc.

990EZ • Fiscal year 2023 • EIN 81-3081944

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

Refreshing map…

10338 W Fairview AveBoise, ID 83704

(208) 409-0204

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

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

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

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

Net Margin

50th percentile

3.3%

Higher net margin than 50% of similar nonprofits.

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

Top Officer Pay

86th percentile

$24,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 31.2% of source-year revenue.

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

Asset Growth

54th percentile

2.8%

Faster asset growth than 54% of similar nonprofits.

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

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

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

Assets

Up

$93,330

Up $2,558 (+2.8%) from 2022

Net Assets

Up

$92,679

Up $2,558 (+2.8%) from 2022

Liabilities

Flat

$651

Flat from 2022

Revenue

Up

$76,847

Up $10,030 (+15%) from 2022

Expenses

Up

$74,289

Up $5,250 (+7.6%) from 2022

Net Income

Up

$2,558

Up $4,780 (+215%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2020: $61,660Liabilities 2020: $0Net Assets 2020: $61,6602020Assets 2021: $92,994Liabilities 2021: $651Net Assets 2021: $92,3432021Assets 2022: $90,772Liabilities 2022: $651Net Assets 2022: $90,1212022Assets 2023: $93,330Liabilities 2023: $651Net Assets 2023: $92,6792023Assets 2024: $95,453Liabilities 2024: $728Net Assets 2024: $94,7252024

Highlighted filing

2023

Assets$93,330
Liabilities$651
Net Assets$92,679

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2020: $78,053Expenses 2020: $59,829Net Income 2020: $18,2242020Revenue 2021: $95,523Expenses 2021: $64,840Net Income 2021: $30,6832021Revenue 2022: $66,817Expenses 2022: $69,039Net Income 2022: -$2,2222022Revenue 2023: $76,847Expenses 2023: $74,289Net Income 2023: $2,5582023Revenue 2024: $83,583Expenses 2024: $81,537Net Income 2024: $2,0462024

Highlighted filing

2023

Revenue$76,847
Expenses$74,289
Net Income$2,558
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$76,847
Mission and Program Overview

Mission

Providing free clothes to teens in need. Ada County teens in grades 6-12 hear about The Closet through their school counselors, juvenile corrections case managers, homeless shelters, and other local agencies. Our goal is to clothe our young clients in items they feel proud to wear and help them choose those perfect items that will build their confidence and help them engage with the world in a more meaningful way.

Program Services

DescriptionGrantsExpenses
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, including 2 pairs of shoes! The Closet served 1033 teens in 2023.-$74,288
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly McMurryPresidentPT$24,000-$24,000
Matthew McMurrySecretary-$0--
Karyn McKinneyTreasurer-$0--
Shawn SchnikerDirector-$0--
Cathy WrightDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Closet Inc
EIN
81-3081944
Phone
2084090204
Address
10338 W Fairview Ave, Boise, ID 83704

Signing Officer

Name
Karyn McKinney
Title
Treasurer
Signed
2024-11-04
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $1281

Other Expenses.1002

Office Expenses $511

Other Expenses.1003

Information Technology $305

Other Expenses.1007

Conferences, Conventions, and Meetings $226

Other Expenses.1

Clothing & Ministry Supplies $11486

Other Expenses.2

TELEPHONE $1257

Other Expenses.3

Storage supplies $1133

Other Expenses.4

Merchant Service Charges $967

Other Expenses.7

Dues and Subscriptions $405

Other Assets.1

Prepaid Rent - Beginning $5158 Prepaid Rent - Ending $0

Total Liabilities.1

PAYROLL LIABILITES - Beginning $651 PAYROLL LIABILITES - Ending $0

Raw XML Appendix168 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt04392
IRS990EZ/OtherExpensesTotalAmt017571
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IRS990EZ/PrimaryExemptPurposeTxt0Providing free clothes to teens in need. Ada County teens in grades 6-12 hear about The Closet through their school counselors, juvenile corrections case managers, homeless shelters, and other local agencies. Our goal is to clothe our young clients in items they feel proud to wear and help them choose those perfect items that will build their confidence and help them engage with the world in a more meaningful way.
IRS990EZ/PrintingPublicationsPostageAmt01551
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt066784
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $1281
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $511
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $305
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Conferences, Conventions, and Meetings $226
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Clothing & Ministry Supplies $11486
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TELEPHONE $1257
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Storage supplies $1133
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Merchant Service Charges $967
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Dues and Subscriptions $405
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Prepaid Rent - Beginning $5158 Prepaid Rent - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PAYROLL LIABILITES - Beginning $651 PAYROLL LIABILITES - Ending $0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Karyn McKinney
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE CLOSET INC
ReturnHeader/Filer/BusinessNameControlTxt0CLOS
ReturnHeader/Filer/EIN0813081944
ReturnHeader/Filer/PhoneNum02084090204
ReturnHeader/Filer/USAddress/AddressLine1Txt010338 W Fairview Ave
ReturnHeader/Filer/USAddress/CityNm0Boise
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ID
ReturnHeader/Filer/USAddress/ZIPCd083704
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/ReturnTs02024-11-04T09:02:57-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings