Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.41x
Liabilities / Revenue
81st percentile
Higher debt load relative to revenue than 81% of similar nonprofits.
Net Margin
18th percentile
Higher net margin than 18% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 26.0% 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
$22,172
No earlier filing loaded for comparison.
Net Assets
$13,046
No earlier filing loaded for comparison.
Liabilities
$9,116
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$92,291
No earlier filing loaded for comparison.
Expenses
$106,546
No earlier filing loaded for comparison.
Net Income
-$14,255
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- May 15, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $92,291
Mission and Program Overview
Mission
To maximize the value of unused fabric, fabscrap is a convenient and transparent service, is an affordable and accessible materials resource, and is educating and empowering a diverse community of changemakers.
Fabscrap provides convenient pickup of fabric scraps
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SERVICE FEES FABSCRAP PROVIDES CONVENIENT PICKUP AND RECYCLING OF TEXTILES FOR BUSINESSES IN NEW YORK CITY THE ORGANIZATION WILL PICKUP FABRIC SCRAPS TO RECYLCE OR REUSE | - | $48,422 |
| FABRIC SALES FABSCRAP WILL SELL THE FABRIC SCRAP THESE FABRICS ARE RECOVERED FROM HIGHEND DESIGNERS IN NYC SOLD AS A SUSTAINABLE ALTERNATIVE TO DESTRUCTION AND DISCARD IN LANFILL | - | $26,534 |
| DONATIONS FABSCRAP ACCEPTS INDIVIDUAL DONATIONS THE DONATIONS ARE USED TO PUT FORWARD THE MISSION HIRE MORE PEOPLE AND KEEP FABRIC PRICES LOW | - | $23,294 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JESSICA DOMINGUEZ HOLDUIN | Executive Director | FT | $24,000 | - | $24,000 |
| DAVE HIRSCHLER | Board President | - | $0 | - | - |
| NICHOLAS DOMINGUEZ HOLGUIN | Treasurer | - | $0 | - | - |
| GARY WASSNER | Board Member | - | $0 | - | - |
| REBECCA MINKOFF | Board Member | - | $0 | - | - |
| CHRISTINE HUNSICKER | Board Member | - | $0 | - | - |
Governance and Compliance
Governance Explanations
Part VI, Section B, Line 12C
“Distributed, reviewed, signed and submitted by all members of the board.”
Part VI, Section B, Line 12C
“The executive director reviews the signed statements. If a conflict were”
Part VI, Section B, Line 12C
“To arise, the individual would abstain from voting.”
Part VI, Section B, Line 19
“Conflict of interest policy and an annual disclosure statement that is”
Part VI, Section B, Line 19
“Distributed, reviewed, signed and submitted by all members of the board.”
Part VI, Section B, Line 19
“The executive director reviews the signed statements. If a conflict were”
Part VI, Section B, Line 19
“To arise, the individual would abstain from voting.”
Filing and Contact Details
Filer
- Filer Name
- Fabscrap Inc
- EIN
- 81-3795981
- In Care Of
- % Jessica Dominguez Holguin
- Address
- PO BOX 7559, New York, NY 10150
Signing Officer
- Name
- Jessica Dominguez Holguin
- Title
- Executive Director
- Phone
- 9292763188
- Signed
- 2018-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Nezaj & Co CPAs LLP
- Address
- 1030 Morris Park Avenue, Bronx, NY 10461
- Preparer
- Erenik Nezaj
- Phone
- 7185880101
Supplemental Narrative
Additional Explanations
Part I Line 16
“Advertising and promotion $3480.00”
Part I Line 16
“Other office expenses $658.00”
Part I Line 16
“Travel $1167.00”
Part I Line 16
“Insurance $1214.00”
Part I Line 16
“Bags, Equipment and Other Eq $14963.00”
Part I Line 16
“Merchant/Bank Fees $1819.00”
Part I Line 16
“Delivery and Pick-up $12728.00”
Part I Line 16
“Outside Consultant $17377.00”
Part II Line 24
“Accounts receivable, net. Beginning:$100.00 Ending: $170.00”
Part II Line 26
“Accounts payable and accrued expenses. Beginning:$4710.00 Ending: $9116.00”
Part III
“From fashion, design, and entertainment companies in nyc. Fabscrap works”
Part III
“With an engaged network of students, artists, crafters, local designers,”
Part III
“Industrial processors, and uses new technologies to reuse and recycle”
Part III
“Fabric to maximize its diversion from landfills.”
Raw XML Appendix199 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/TitleTxt | 1 | Board President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 100 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 170 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 36029 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | FABSCRAP PROVIDES CONVENIENT PICKUP OF FABRIC SCRAPS |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 2468 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 70181 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SERVICE FEES FABSCRAP PROVIDES CONVENIENT PICKUP AND RECYCLING OF TEXTILES FOR BUSINESSES IN NEW YORK CITY THE ORGANIZATION WILL PICKUP FABRIC SCRAPS TO RECYLCE OR REUSE |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | DONATIONS FABSCRAP ACCEPTS INDIVIDUAL DONATIONS THE DONATIONS ARE USED TO PUT FORWARD THE MISSION HIRE MORE PEOPLE AND KEEP FABRIC PRICES LOW |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 2 | FABRIC SALES FABSCRAP WILL SELL THE FABRIC SCRAP THESE FABRICS ARE RECOVERED FROM HIGHEND DESIGNERS IN NYC SOLD AS A SUSTAINABLE ALTERNATIVE TO DESTRUCTION AND DISCARD IN LANFILL |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 48422 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 23294 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 2 | 26534 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 27247 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
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| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 9116 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
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| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 98250 |
| IRS990EZ/TotalRevenueAmt | 0 | 92291 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | http://fabscrap.org/ |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
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| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and promotion $3480.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Other office expenses $658.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Travel $1167.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Insurance $1214.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Bags, Equipment and Other Eq $14963.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Merchant/Bank Fees $1819.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Delivery and Pick-up $12728.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Outside Consultant $17377.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Accounts receivable, net. Beginning:$100.00 Ending: $170.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Accounts payable and accrued expenses. Beginning:$4710.00 Ending: $9116.00 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | FROM FASHION, DESIGN, AND ENTERTAINMENT COMPANIES IN NYC. FABSCRAP WORKS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | WITH AN ENGAGED NETWORK OF STUDENTS, ARTISTS, CRAFTERS, LOCAL DESIGNERS, |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | INDUSTRIAL PROCESSORS, AND USES NEW TECHNOLOGIES TO REUSE AND RECYCLE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | FABRIC TO MAXIMIZE ITS DIVERSION FROM LANDFILLS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY ALL MEMBERS OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED STATEMENTS. IF A CONFLICT WERE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | TO ARISE, THE INDIVIDUAL WOULD ABSTAIN FROM VOTING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | CONFLICT OF INTEREST POLICY AND AN ANNUAL DISCLOSURE STATEMENT THAT IS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 18 | DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY ALL MEMBERS OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 19 | THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED STATEMENTS. IF A CONFLICT WERE |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 20 | TO ARISE, THE INDIVIDUAL WOULD ABSTAIN FROM VOTING. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Part I Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Part II Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Part II Line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 15 | PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 16 | PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 17 | PART VI, SECTION B, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 18 | PART VI, SECTION B, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 19 | PART VI, SECTION B, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 20 | PART VI, SECTION B, LINE 19 |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JESSICA DOMINGUEZ HOLGUIN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Director |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9292763188 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FABSCRAP INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FABS |
| ReturnHeader/Filer/EIN | 0 | 813795981 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Jessica Dominguez Holguin |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 7559 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | New York |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10150 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | CD713255B1D04F61F45F2026D2A1693F1DEA3D5C |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 2CBB5D96FB007C8815C82F49BE3011CCC016DD9A |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId | 0 | 26413620181354495633 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt | 0 | 2018-05-15 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 96.246.199.172 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 813901641 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Nezaj & Co CPAs LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1030 Morris Park Avenue |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Bronx |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 10461 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7185880101 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ERENIK NEZAJ |
| ReturnHeader/ReturnTs | 0 | 2018-05-15T13:40:00-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $22,172
- Liabilities
- $9,116
- Net assets
- $13,046
- Revenue
- $92,291
- Expenses
- $106,546
- Net income
- -$14,255