Civic Intelligence

Fabscrap Inc.

990 • Fiscal year 2021 • EIN 81-3795981

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

Organization Profilefabscrap.org
140 58th Street Bldg B Unit 5H-4Brooklyn, NY 11220

(929) 276-3188

Siviq Scores

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

Liabilities / Assets

96th percentile

0.71x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • NTEE C • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.37x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • NTEE C • $1M-$5M nonprofits • Source year 2021

Net Margin

32nd percentile

7.4%

Higher net margin than 32% of similar nonprofits.

2021 filings • NTEE C • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$49,788

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2021 filings • NTEE C • $1M-$5M nonprofits • Source year 2021

Asset Growth

89th percentile

83%

Faster asset growth than 89% of similar nonprofits.

2021 filings • NTEE C • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

81%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • NTEE C • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$633,771

Up $286,614 (+83%) from 2020

Net Assets

Up

$182,117

Up $90,309 (+98%) from 2020

Liabilities

Up

$451,654

Up $196,305 (+77%) from 2020

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin32nd percentile

Revenue

Up

$1,218,585

Up $544,726 (+81%) from 2020

Expenses

Up

$1,128,276

Up $386,192 (+52%) from 2020

Net Income

Up

$90,309

Up $158,534 (+232%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2017: $22,172Liabilities 2017: $9,116Net Assets 2017: $13,0462017Assets 2018: $93,439Liabilities 2018: $3,779Net Assets 2018: $89,6602018Assets 2019: $221,608Liabilities 2019: $61,575Net Assets 2019: $160,0332019Assets 2020: $347,157Liabilities 2020: $255,349Net Assets 2020: $91,8082020Assets 2021: $633,771Liabilities 2021: $451,654Net Assets 2021: $182,1172021Assets 2022: $398,355Liabilities 2022: $273,094Net Assets 2022: $125,2612022Assets 2023: $237,459Liabilities 2023: $239,017Net Assets 2023: -$1,5582023Assets 2024: $1,619,720Liabilities 2024: $1,533,825Net Assets 2024: $85,8952024

Highlighted filing

2021

Assets$633,771
Liabilities$451,654
Net Assets$182,117
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2017: $92,291Expenses 2017: $106,546Net Income 2017: -$14,2552017Revenue 2018: $371,065Expenses 2018: $294,461Net Income 2018: $76,6042018Revenue 2019: $624,728Expenses 2019: $584,657Net Income 2019: $40,0712019Revenue 2020: $673,859Expenses 2020: $742,084Net Income 2020: -$68,2252020Revenue 2021: $1,218,585Expenses 2021: $1,128,276Net Income 2021: $90,3092021Revenue 2022: $1,510,101Expenses 2022: $1,569,068Net Income 2022: -$58,9672022Revenue 2023: $1,238,779Expenses 2023: $1,415,358Net Income 2023: -$176,5792023Revenue 2024: $1,617,647Expenses 2024: $1,557,540Net Income 2024: $60,1072024

Highlighted filing

2021

Revenue$1,218,585
Expenses$1,128,276
Net Income$90,309
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.1
Gross Receipts
$1,218,585
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.

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 Community of changemakers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Prepaid Expenses and Deferred Charges$11,351$233,107▲ $221,756
Savings and Temporary Cash Investments$176,313$145,368▼ $30,945
Accounts Receivable$105,683$137,344▲ $31,661
Land, Buildings, and Equipment, Net$2,073$32,300▲ $30,227
Cash and Non-Interest-Bearing Accounts$33,135$9,095▼ $24,040
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-
Total Assets$347,157$633,771▲ $286,614
Other Assets Total$18,602$76,557▲ $57,955
Liabilities
Other Liabilities$227,425$434,884▲ $207,459
Accounts Payable and Accrued Expenses$27,924$16,770▼ $11,154
Total Liabilities$255,349$451,654▲ $196,305
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$91,808$182,117▲ $90,309
Total Net Assets Fund Balance$91,808$182,117▲ $90,309
Total Liabilities and Net Assets / Fund Balance$347,157$633,771▲ $286,614

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,300$3,165$35,465
Other Assets Org$76,557--
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica Dominguez HolduinExecutive DirectorFT$49,788$49,788
Camille D TagleDirectorFT$46,522$46,522

Board Members and Trustees

NameTitle
Dave HirschlerChairman
Margaret BishopTrustee
Nicholas Dominguez HolguinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$505,087
Program Service Revenue
$713,368
Investment Income
$130
Other Revenue
$0
All Other Contributions
$463,549
Change in Net Assets
$90,309
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$647,484
Salaries, Compensation, and Employee Benefits$480,792
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,958$49,757-$331,715
Occupancy$273,529$48,270-$321,799
Current Officers, Directors, Trustees, and Key Employees$81,864$14,447-$96,311
Fees for Services Management$51,354$9,062-$60,416
Other Employee Benefits$22,478$3,967-$26,445
Payroll Taxes$22,373$3,948-$26,321
Insurance$22,238$3,924-$26,162
Advertising$17,986$3,174-$21,160
Fees for Services Legal$17,873$3,154-$21,027
Other Expenses$17,069$3,012-$20,081
Fees for Services Accounting$11,815$2,085-$13,900
All Other Expenses$6,673$1,177-$7,850
Conferences and Meetings$3,337$589-$3,926
Interest$2,434$430-$2,864
Depreciation Depletion$1,703$301-$2,004
Total Functional Expenses$959,035$169,241$0$1,128,276
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
URBN Outfitters Grant for Philly Rent$212,807
SBA Loan$150,000
Business Line of Credit$48,000
Honda CR-V Loan$23,577
Featured Designer Security Deposit$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Nicholas Dominguez Holguin is the Executive Director's spouse”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 is prepared by an independent cpa firm.a draft is delivered to the executive director.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Fabscrap has adopted a conflict of interest policy and an annual disclosure statement that is distributed, reviewed, signed and submitted by all members of the board. The executive director reviews the signed statements. If a conflict were to arise, the individual would abstain from voting.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The board of directors is responsible for hiring, and establishing the compensation salary and benefits of the executive director/top management”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The board of directors is responsible for hiring, and establishing the compensation salary and benefits of the executive director/top management”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Fabscrap Inc
EIN
81-3795981
Phone
9292763188
Address
140 58th Street Bldg B Unit 5H-4, Brooklyn, NY 11220

Signing Officer

Name
Jessica Dominguez Holguin
Title
Executive Director
Phone
9292763188
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Executive Director
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
6
Employees
18
Volunteers
933

Preparer

Firm
Nezaj & Co CPAS LLP
Address
6 East 39th St Ste 901, New York, NY 10016
Preparer
Erenik Nezaj
Phone
2123909495
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: fabric sales: fabscrap will sell the fabric scrap. These fabrics are recovered from high-end designers in nyc, sold as a sustainable alternative to destruction and discard in lanfill.”

Raw XML AppendixShowing 400 of 456 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
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt027924
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt016770
IRS990/AccountsReceivableGrp/BOYAmt0105683
IRS990/AccountsReceivableGrp/EOYAmt0137344
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0To 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 Community of changemakers.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ManagementAndGeneralAmt03174
IRS990/AdvertisingGrp/ProgramServicesAmt017986
IRS990/AdvertisingGrp/TotalAmt021160
IRS990/AllOtherContributionsAmt0463549
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01177
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06673
IRS990/AllOtherExpensesGrp/TotalAmt07850
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jessica Dominguez Holguin
IRS990/BooksInCareOfDetail/PhoneNum09292763188
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0140 58th Street Bldg B Unit 5H-4
IRS990/BooksInCareOfDetail/USAddress/CityNm0Brooklyn
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd011220
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt033135
IRS990/CashNonInterestBearingGrp/EOYAmt09095
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014447
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt081864
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt096311
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0589
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt03337
IRS990/ConferencesMeetingsGrp/TotalAmt03926
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0505087
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0130
IRS990/CYOtherExpensesAmt0647484
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0713368
IRS990/CYRevenuesLessExpensesAmt090309
IRS990/CYSalariesCompEmpBnftPaidAmt0480792
IRS990/CYTotalExpensesAmt01128276
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01218585
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0301
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01703
IRS990/DepreciationDepletionGrp/TotalAmt02004
IRS990/Desc0DONATIONS: FABSCRAP ACCEPTS INDIVIDUAL DONATIONS. THE DONATIONS ARE USED TO PUT FORWARD THE MISSION, HIRE MORE PEOPLE AND KEEP FABRIC PRICES LOW.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt018
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0397549
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02085
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt011815
IRS990/FeesForServicesAccountingGrp/TotalAmt013900
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt03154
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt017873
IRS990/FeesForServicesLegalGrp/TotalAmt021027
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt09062
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt051354
IRS990/FeesForServicesManagementGrp/TotalAmt060416
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0JESSICA DOMINGUEZ HOLDUIN
IRS990/Form990PartVIISectionAGrp/PersonNm1CAMILLE D TAGLE
IRS990/Form990PartVIISectionAGrp/PersonNm2Dave Hirschler
IRS990/Form990PartVIISectionAGrp/PersonNm3Nicholas Dominguez Holguin
IRS990/Form990PartVIISectionAGrp/PersonNm4Margaret Bishop
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt049788
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt146522
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Trustee
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt09113
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt032425
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01218585
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt03924
IRS990/InsuranceGrp/ProgramServicesAmt022238
IRS990/InsuranceGrp/TotalAmt026162
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0430
IRS990/InterestGrp/ProgramServicesAmt02434
IRS990/InterestGrp/TotalAmt02864
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0130
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0130
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03165
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02073
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032300
IRS990/LandBldgEquipCostOrOtherBssAmt035465
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To 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 Community of changemakers.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt091808
IRS990/NetAssetsOrFundBalancesEOYAmt0182117
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt091808
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0182117
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt048270
IRS990/OccupancyGrp/ProgramServicesAmt0273529
IRS990/OccupancyGrp/TotalAmt0321799
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018602
IRS990/OtherAssetsTotalGrp/EOYAmt076557
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03967
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt022478
IRS990/OtherEmployeeBenefitsGrp/TotalAmt026445
IRS990/OtherExpensesGrp/Desc0Shipping & Transportation
IRS990/OtherExpensesGrp/Desc1Merchant/Bank Fees
IRS990/OtherExpensesGrp/Desc2Shredding/Waste & Recycling
IRS990/OtherExpensesGrp/Desc3Supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015775
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13152
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23017
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33012
IRS990/OtherExpensesGrp/ProgramServicesAmt089392
IRS990/OtherExpensesGrp/ProgramServicesAmt117860
IRS990/OtherExpensesGrp/ProgramServicesAmt217099
IRS990/OtherExpensesGrp/ProgramServicesAmt317069
IRS990/OtherExpensesGrp/TotalAmt0105167
IRS990/OtherExpensesGrp/TotalAmt121012
IRS990/OtherExpensesGrp/TotalAmt220116
IRS990/OtherExpensesGrp/TotalAmt320081
IRS990/OtherLiabilitiesGrp/BOYAmt0227425
IRS990/OtherLiabilitiesGrp/EOYAmt0434884
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049757
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0281958
IRS990/OtherSalariesAndWagesGrp/TotalAmt0331715
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03948
IRS990/PayrollTaxesGrp/ProgramServicesAmt022373
IRS990/PayrollTaxesGrp/TotalAmt026321
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011351
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0233107
IRS990/PrincipalOfficerNm0EXECUTIVE DIRECTOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0453310
IRS990/ProgramServiceRevenueGrp/BusinessCd1453310
IRS990/ProgramServiceRevenueGrp/Desc0Fabric Sales
IRS990/ProgramServiceRevenueGrp/Desc1Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0403412
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1309956
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0403412
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1309956
IRS990/ProgSrvcAccomActy2Grp/Desc0FABRIC SALES: FABSCRAP WILL SELL THE FABRIC SCRAP. THESE FABRICS ARE RECOVERED FROM HIGH-END DESIGNERS IN NYC, SOLD AS A SUSTAINABLE ALTERNATIVE TO DESTRUCTION AND DISCARD IN LANFILL.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0317522
IRS990/ProgSrvcAccomActy3Grp/Desc0SERVICE 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.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0243964
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0162965
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0514
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0450286
IRS990/PYProgramServiceRevenueAmt0510380
IRS990/PYRevenuesLessExpensesAmt0-68225
IRS990/PYSalariesCompEmpBnftPaidAmt0291798
IRS990/PYTotalExpensesAmt0742084
IRS990/PYTotalRevenueAmt0673859
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt090309
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0176313
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0145368
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0505087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0154960
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt070061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0102705
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt022110
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0854923
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0713368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0518385
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0554061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0277833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt071146
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02134793
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0514
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0606
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01262
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt02989716
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01218455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0673345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0624122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0380538
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt093256
IRS990ScheduleA/Total509Grp/TotalAmt02989716
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01218585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0673859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0624728
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0380550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt093256
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02990978
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt032300
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03165
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035465
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076557
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt223577
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4212807
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Business Line of Credit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Featured Designer Security Deposit
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Honda CR-V Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SBA Loan
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4URBN Outfitters Grant for Philly Rent
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032300
IRS990ScheduleD/TotalBookValueOtherAssetsAmt076557
IRS990ScheduleD/TotalLiabilityAmt0434884
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: FABRIC SALES: FABSCRAP WILL SELL THE FABRIC SCRAP. THESE FABRICS ARE RECOVERED FROM HIGH-END DESIGNERS IN NYC, SOLD AS A SUSTAINABLE ALTERNATIVE TO DESTRUCTION AND DISCARD IN LANFILL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Nicholas Dominguez Holguin is the Executive Director's spouse
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM.A DRAFT IS DELIVERED TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FABSCRAP HAS ADOPTED A CONFLICT OF INTEREST POLICY AND AN ANNUAL DISCLOSURE STATEMENT THAT IS DISTRIBUTED, REVIEWED, SIGNED AND SUBMITTED BY ALL MEMBERS OF THE BOARD. THE EXECUTIVE DIRECTOR REVIEWS THE SIGNED STATEMENTS. IF A CONFLICT WERE TO ARISE, THE INDIVIDUAL WOULD ABSTAIN FROM VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS IS RESPONSIBLE FOR HIRING, AND ESTABLISHING THE COMPENSATION SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR/TOP MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS IS RESPONSIBLE FOR HIRING, AND ESTABLISHING THE COMPENSATION SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR/TOP MANAGEMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0347157
IRS990/TotalAssetsEOYAmt0633771
IRS990/TotalAssetsGrp/BOYAmt0347157
IRS990/TotalAssetsGrp/EOYAmt0633771
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0505087
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0169241
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0959035
IRS990/TotalFunctionalExpensesGrp/TotalAmt01128276
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0255349

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$633,771
Liabilities
$451,654
Net assets
$182,117
Revenue
$1,218,585
Expenses
$1,128,276
Net income
$90,309
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.62$1.53$0.09$1.62$1.56$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.00$1.24$1.42$0.18
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.27$0.13$1.51$1.57$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.45$0.18$1.22$1.13$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.26$0.09$0.67$0.74$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.22$0.06$0.16$0.62$0.58$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.37$0.29$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.09$0.11$0.01