Civic Intelligence

Fabscrap Inc.

990 • Fiscal year 2022 • EIN 81-3795981

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 01, 2023

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

95th percentile

0.69x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • NTEE C • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

75th percentile

0.18x

Higher debt load relative to revenue than 75% of similar nonprofits.

2022 filings • NTEE C • $1M-$5M nonprofits • Source year 2022

Net Margin

21st percentile

-3.9%

Higher net margin than 21% of similar nonprofits.

2022 filings • NTEE C • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$50,946

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2022 filings • NTEE C • $1M-$5M nonprofits • Source year 2022

Asset Growth

1st percentile

-37%

Faster asset growth than 1% of similar nonprofits.

2022 filings • NTEE C • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

61st percentile

24%

Faster revenue growth than 61% of similar nonprofits.

2022 filings • NTEE C • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$398,355

Down $235,416 (-37%) from 2021

Net Assets

Down

$125,261

Down $56,856 (-31%) from 2021

Liabilities

Down

$273,094

Down $178,560 (-40%) from 2021

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin21st percentile

Revenue

Up

$1,510,101

Up $291,516 (+24%) from 2021

Expenses

Up

$1,569,068

Up $440,792 (+39%) from 2021

Net Income

Down

-$58,967

Down $149,276 (-165%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st 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

2022

Assets$398,355
Liabilities$273,094
Net Assets$125,261
Open 2022 Filing

Operations Trend

Revenue Growth61st 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

2022

Revenue$1,510,101
Expenses$1,569,068
Net Income-$58,967
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$1,510,101
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
Accounts Receivable$137,344$113,106▼ $24,238
Prepaid Expenses and Deferred Charges$233,107$74,926▼ $158,181
Savings and Temporary Cash Investments$145,368$65,427▼ $79,941
Cash and Non-Interest-Bearing Accounts$9,095$40,815▲ $31,720
Land, Buildings, and Equipment, Net$32,300$27,524▼ $4,776
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$633,771$398,355▼ $235,416
Other Assets Total$76,557$76,557→ $0
Liabilities
Other Liabilities$434,884$258,374▼ $176,510
Accounts Payable and Accrued Expenses$16,770$14,720▼ $2,050
Total Liabilities$451,654$273,094▼ $178,560
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$182,117$125,261▼ $56,856
Total Net Assets Fund Balance$182,117$125,261▼ $56,856
Total Liabilities and Net Assets / Fund Balance$633,771$398,355▼ $235,416

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,524$9,902$37,426
Other Assets Org$76,557--
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jessica Dominguez HolduinExecutive DirectorFT$50,946$50,946
Camille D TagleDirectorFT$48,090$48,090

Board Members and Trustees

NameTitle
Dave HirschlerChairman
Margaret BishopTrustee
Nicholas Dominguez HolguinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$489,202
Program Service Revenue
$1,005,712
Investment Income
$60
Other Revenue
$15,127
All Other Contributions
$489,202
Change in Net Assets
$-58,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$936,714
Salaries, Compensation, and Employee Benefits$632,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$413,272$72,930-$486,202
Occupancy$339,394$59,893-$399,287
Current Officers, Directors, Trustees, and Key Employees$84,181$14,855-$99,036
Insurance$82,291$14,522-$96,813
Fees for Services Management$68,619$12,109-$80,728
Payroll Taxes$38,669$6,824-$45,493
All Other Expenses$23,937$4,224-$28,161
Other Expenses$20,512$3,620-$24,132
Fees for Services Accounting$20,400$3,600-$24,000
Advertising$10,229$1,805-$12,034
Fees for Services Legal$7,328$1,293-$8,621
Depreciation Depletion$5,726$1,011-$6,737
Conferences and Meetings$5,585$986-$6,571
Interest$3,828$676-$4,504
Other Employee Benefits$1,380$243-$1,623
Total Functional Expenses$1,333,708$235,360$0$1,569,068
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$15,127
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$15,127$15,127-$15,127
Total Events$15,127$15,127-$15,127
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
SBA Loan$150,000
URBN Outfitters Grant for Philly Rent$53,202
Business Line of Credit$34,500
Honda CR-V Loan$19,972
Featured Designer Security Deposit$700
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, Section A, Line 2

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

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

“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, Section B, Line 15A

“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, Section B, Line 15B

“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, Section C, Line 19

“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
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Executive Director
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
27
Volunteers
4,360

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 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 462 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/BOYAmt016770
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt014720
IRS990/AccountsReceivableGrp/BOYAmt0137344
IRS990/AccountsReceivableGrp/EOYAmt0113106
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/AdvertisingGrp/ManagementAndGeneralAmt01805
IRS990/AdvertisingGrp/ProgramServicesAmt010229
IRS990/AdvertisingGrp/TotalAmt012034
IRS990/AllOtherContributionsAmt0489202
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04224
IRS990/AllOtherExpensesGrp/ProgramServicesAmt023937
IRS990/AllOtherExpensesGrp/TotalAmt028161
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/BOYAmt09095
IRS990/CashNonInterestBearingGrp/EOYAmt040815
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt014855
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt084181
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt099036
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0986
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05585
IRS990/ConferencesMeetingsGrp/TotalAmt06571
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0489202
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt060
IRS990/CYOtherExpensesAmt0936714
IRS990/CYOtherRevenueAmt015127
IRS990/CYProgramServiceRevenueAmt01005712
IRS990/CYRevenuesLessExpensesAmt0-58967
IRS990/CYSalariesCompEmpBnftPaidAmt0632354
IRS990/CYTotalExpensesAmt01569068
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01510101
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01011
IRS990/DepreciationDepletionGrp/ProgramServicesAmt05726
IRS990/DepreciationDepletionGrp/TotalAmt06737
IRS990/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/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt027
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0448913
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03600
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt020400
IRS990/FeesForServicesAccountingGrp/TotalAmt024000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01293
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt07328
IRS990/FeesForServicesLegalGrp/TotalAmt08621
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt012109
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt068619
IRS990/FeesForServicesManagementGrp/TotalAmt080728
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/ReportableCompFromOrgAmt050946
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt148090
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/FundraisingActivitiesInd0true
IRS990/FundraisingGrossIncomeAmt015127
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01510101
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt014522
IRS990/InsuranceGrp/ProgramServicesAmt082291
IRS990/InsuranceGrp/TotalAmt096813
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt0676
IRS990/InterestGrp/ProgramServicesAmt03828
IRS990/InterestGrp/TotalAmt04504
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt060
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt060
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09902
IRS990/LandBldgEquipBasisNetGrp/BOYAmt032300
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027524
IRS990/LandBldgEquipCostOrOtherBssAmt037426
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/NetAssetsOrFundBalancesBOYAmt0182117
IRS990/NetAssetsOrFundBalancesEOYAmt0125261
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt015127
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0182117
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0125261
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt059893
IRS990/OccupancyGrp/ProgramServicesAmt0339394
IRS990/OccupancyGrp/TotalAmt0399287
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt076557
IRS990/OtherAssetsTotalGrp/EOYAmt076557
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0243
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01380
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01623
IRS990/OtherExpensesGrp/Desc0Shipping & Transportation
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Shredding/Waste & Recycling
IRS990/OtherExpensesGrp/Desc3Merchant/Bank Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021780
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110465
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24524
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33620
IRS990/OtherExpensesGrp/ProgramServicesAmt0123418
IRS990/OtherExpensesGrp/ProgramServicesAmt159305
IRS990/OtherExpensesGrp/ProgramServicesAmt225634
IRS990/OtherExpensesGrp/ProgramServicesAmt320512
IRS990/OtherExpensesGrp/TotalAmt0145198
IRS990/OtherExpensesGrp/TotalAmt169770
IRS990/OtherExpensesGrp/TotalAmt230158
IRS990/OtherExpensesGrp/TotalAmt324132
IRS990/OtherLiabilitiesGrp/BOYAmt0434884
IRS990/OtherLiabilitiesGrp/EOYAmt0258374
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt072930
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0413272
IRS990/OtherSalariesAndWagesGrp/TotalAmt0486202
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt06824
IRS990/PayrollTaxesGrp/ProgramServicesAmt038669
IRS990/PayrollTaxesGrp/TotalAmt045493
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0233107
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt074926
IRS990/PrincipalOfficerNm0EXECUTIVE DIRECTOR
IRS990/PriorPeriodAdjustmentsAmt02111
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0453310
IRS990/ProgramServiceRevenueGrp/BusinessCd1453310
IRS990/ProgramServiceRevenueGrp/Desc0Fabric Sales
IRS990/ProgramServiceRevenueGrp/Desc1Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0497428
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1508284
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0497428
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1508284
IRS990/ProgSrvcAccomActy2Grp/Desc0DONATIONS: FABSCRAP ACCEPTS INDIVIDUAL DONATIONS. THE DONATIONS ARE USED TO PUT FORWARD THE MISSION, HIRE MORE PEOPLE AND KEEP FABRIC PRICES LOW.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0445471
IRS990/ProgSrvcAccomActy3Grp/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/ProgSrvcAccomActy3Grp/ExpenseAmt0439324
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0505087
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0130
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0647484
IRS990/PYProgramServiceRevenueAmt0713368
IRS990/PYRevenuesLessExpensesAmt090309
IRS990/PYSalariesCompEmpBnftPaidAmt0480792
IRS990/PYTotalExpensesAmt01128276
IRS990/PYTotalRevenueAmt01218585
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-58967
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145368
IRS990/SavingsAndTempCashInvstGrp/EOYAmt065427
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0504388
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0505087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0154960
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt070061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0102705
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01337201
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01005713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0713368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0518385
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0554061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0277833
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03069360
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0514
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0606
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt012
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01262
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99970
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt04406561
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01510101
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01218455
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0673345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0624122
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0380538
IRS990ScheduleA/Total509Grp/TotalAmt04406561
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01510101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01218585
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0673859
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0624728
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0380550
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04407823
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt027524
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09902
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt037426
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt076557
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt219972
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3150000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt453202
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/TotalBookValueLandBuildingsAmt027524
IRS990ScheduleD/TotalBookValueOtherAssetsAmt076557
IRS990ScheduleD/TotalLiabilityAmt0258374
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt015127
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt015127
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt015127
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/StatesWhereCopyOfReturnIsFldCd1PA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0633771
IRS990/TotalAssetsEOYAmt0398355
IRS990/TotalAssetsGrp/BOYAmt0633771
IRS990/TotalAssetsGrp/EOYAmt0398355
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0489202
IRS990/TotalEmployeeCnt027

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$398,355
Liabilities
$273,094
Net assets
$125,261
Revenue
$1,510,101
Expenses
$1,569,068
Net income
-$58,967
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $1M-$5M nonprofits