Civic Intelligence

Fabscrap Inc.

990 • Fiscal year 2023 • EIN 81-3795981

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization ProfileFABSCRAP.ORG
140 58th Street Bldg B Unit 5h-4Brooklyn, NY 11220

(646) 770-7418

Siviq Scores

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

Liabilities / Assets

98th percentile

1.01x

Higher debt load relative to assets than 98% of similar nonprofits.

2023 filings • NTEE C • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.19x

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

2023 filings • NTEE C • $1M-$5M nonprofits • Source year 2023

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

2023 filings • NTEE C • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

44th percentile

$50,460

Higher top officer pay than 44% of similar nonprofits.

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

2023 filings • NTEE C • $1M-$5M nonprofits • Source year 2023

Asset Growth

3rd percentile

-40%

Faster asset growth than 3% of similar nonprofits.

2023 filings • NTEE C • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-18%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • NTEE C • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$237,459

Down $160,896 (-40%) from 2022

Net Assets

Down

-$1,558

Down $126,819 (-101%) from 2022

Liabilities

Down

$239,017

Down $34,077 (-12%) from 2022

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin20th percentile

Revenue

Down

$1,238,779

Down $271,322 (-18%) from 2022

Expenses

Down

$1,415,358

Down $153,710 (-9.8%) from 2022

Net Income

Down

-$176,579

Down $117,612 (-199%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2023

Assets$237,459
Liabilities$239,017
Net Assets-$1,558
Open 2023 Filing

Operations Trend

Revenue Growth26th 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

2023

Revenue$1,238,779
Expenses$1,415,358
Net Income-$176,579
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$1,238,779
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 conveneient 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$80,202$65,691▼ $14,511
Savings and Temporary Cash Investments$65,427$50,004▼ $15,423
Pledges and Grants Receivable$50,000--
Accounts Receivable$116,180$48,716▼ $67,464
Land, Buildings, and Equipment, Net$27,523$20,846▼ $6,677
Cash and Non-Interest-Bearing Accounts$42,052$8,054▼ $33,998
Total Assets$457,941$237,459▼ $220,482
Other Assets Total$76,557$44,148▼ $32,409
Liabilities
Mortgage Notes Payable Secured by Investment Property$169,972$177,963▲ $7,991
Grants Payable$61,166--
Accounts Payable and Accrued Expenses$53,042$61,054▲ $8,012
Total Liabilities$284,180$239,017▼ $45,163
Net Assets / Fund Balance
Net Assets With Donor Restrictions$50,000--
Net Assets Without Donor Restrictions$123,762$-1,558▼ $125,320
Total Net Assets Fund Balance$173,762$-1,558▼ $175,320
Total Liabilities and Net Assets / Fund Balance$457,942$237,459▼ $220,483

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,846$16,583-
Other Assets Org$12,280--
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Camille D TagleDirectorFT$50,460$50,460
Jessica SchreiberExecutive DiFT$30,888$30,888

Board Members and Trustees

NameTitle
Dave HirschlerChairman
Margaret BishopTrustee
Nicholas Dominguez HolguinTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nyc Economic Development CorpProperty RentalONE LIBERTY PLAZA, BOK ROOM 3H, New York, NY 10006$179,053
Sdc RealtyProperty Rental1901 SOUTH 9TH STREET, Philadelphia, PA 19148$111,767
Revenue and Support

Revenue Composition

Contributions and Grants
$395,536
Program Service Revenue
$793,223
Investment Income
$21
Other Revenue
$49,999
All Other Contributions
$395,536
Change in Net Assets
$-176,579

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,238,779
Total Revenue per Audited Statements
$1,238,779
Total Revenue per Form 990
$1,238,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$757,908
Salaries, Compensation, and Employee Benefits$657,450
Total Fundraising Expense$15,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$404,282$110,662-$514,944
Occupancy$263,559$72,142-$335,701
Other Employee Benefits$104,272$38,234-$142,506
All Other Expenses$22,963$74,604-$97,567
Fees for Services Other$22,081$9,422-$31,503
Other Expenses$24,870$28,876-$28,876
Fees for Services Accounting-$24,000-$24,000
Interest-$18,381-$18,381
Advertising--$15,791$15,791
Office Expenses$11,847$3,243-$15,090
Information Technology-$8,422-$8,422
Fees for Services Legal-$7,585-$7,585
Depreciation Depletion$6,681--$6,681
Insurance-$5,933-$5,933
Travel$3,120$854-$3,974
Total Functional Expenses$981,397$418,170$15,791$1,415,358

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,415,358
Total Expenses per Audited Statements$1,415,358
Total Expenses per Form 990$1,415,358
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$49,999
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$49,999$49,999-$49,999
Total Events$49,999$49,999-$49,999
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-COOAdvisory RoleNo$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 2

“Nicholas dominguez holguin jessica holguin treasurer executive di husband& wife”

Form 990, Page 6, Part VI, Line 11B

“The 990 is prepared by an independent cpa firm. A draft is emailed to the executive director who reviews with board chair and treasurer.”

Form 990, Page 6, Part VI, Line 12C

“Fascrap has adopted a conflict of interest policy and an annual disclosure statement that is distributed,reviewed, signed and submitted to all new members of the board. Annually members complete the conflict of interest statement. Members with a conflict of interest are not allowed to vote on matters in which there is a conflict of interest.”

Form 990, Page 6, Part VI, Line 15A

“The board exective committee is responsible for hiring < and establishing the compensation salary and benefits of the executive director/top management. The executive director is not included in the meeting to discuss her compensation.”

Form 990, Page 6, Part VI, Line 15B

“Board of directors meet and discuss compensation by reviewing comparable compensations including nycon's annual salary survey.”

Form 990, Page 6, Part VI, Line 19

“ON REQUEST”

Filing and Contact Details

Filer

Filer Name
Fabscrap Inc
EIN
81-3795981
Phone
6467707418
Address
140 58TH STREET BLDG B UNIT 5H-4, BROOKLYN, NY 11220

Signing Officer

Name
Jessica Schreiber
Title
Executive Director
Phone
9292763188
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jessica Schreiber
Formed
2016
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
3
Employees
25
Volunteers
5,106

Preparer

Firm
Ogc-rewcpas LLC
Address
739 UTICA AVE, BROOKLYN, NY 11203-3469
Preparer
Rosemarie E Whyte CPA
Phone
7184678535
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“Fabscrap was created to meet nyc's commercial textile recycling needs. Materials that traditionally would have gone to landfill are now being properly recycled and made available for reuse.”

Form 990, Page 12, Part XII, Line 1

“The organization has adopted the new lease standard”

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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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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0243189
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY AND EDUCATION: 5,106 VOLUNTEERS, 152 EDUCATION EVENTS AND WORKSHOPS WITH A REACH OF 3,960 PEOPLE
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0250394
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FABSCRAP WAS CREATED TO MEET NYC'S COMMERCIAL TEXTILE RECYCLING NEEDS. MATERIALS THAT TRADITIONALLY WOULD HAVE GONE TO LANDFILL ARE NOW BEING PROPERLY RECYCLED AND MADE AVAILABLE FOR REUSE.
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IRS990/PYOtherExpensesAmt0936714
IRS990/PYProgramServiceRevenueAmt0962561
IRS990/PYRevenuesLessExpensesAmt0-59256
IRS990/PYSalariesCompEmpBnftPaidAmt0632354
IRS990/PYTotalExpensesAmt01569068
IRS990/PYTotalRevenueAmt01509812
IRS990/ReconcilationRevenueExpnssAmt0-176579
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt050004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0395536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0504388
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0505087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0154960
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070061
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01630032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0843222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01005713
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0716368
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0518385
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0554061
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03637749
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05267781
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01510101
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0673345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0624122
IRS990ScheduleA/Total509Grp/TotalAmt05267781
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01510101
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01221455
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0673345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0624122
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05267781
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IRS990ScheduleD/ExpensesSubtotalAmt01415358
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031868
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112280
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSIT ON EQUIPMENT PURCHASE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020846
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016583
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt037429
IRS990ScheduleD/RevenueSubtotalAmt01238779
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020846
IRS990ScheduleD/TotalBookValueOtherAssetsAmt044148
IRS990ScheduleD/TotalExpensesPerForm990Amt01415358
IRS990ScheduleD/TotalRevenuePerForm990Amt01238779
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01238779
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01415358
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt049999
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt049999
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt049999
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt049999
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt049999
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COO
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0100000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ADVISORY ROLE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0BOARD TREASURER IS MARRIED TO THE EXECUTIVE DIRECTOR
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FABSCRAP WAS CREATED TO MEET NYC'S COMMERCIAL TEXTILE RECYCLING NEEDS. MATERIALS THAT TRADITIONALLY WOULD HAVE GONE TO LANDFILL ARE NOW BEING PROPERLY RECYCLED AND MADE AVAILABLE FOR REUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NICHOLAS DOMINGUEZ HOLGUIN JESSICA HOLGUIN TREASURER EXECUTIVE DI HUSBAND& WIFE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS PREPARED BY AN INDEPENDENT CPA FIRM. A DRAFT IS EMAILED TO THE EXECUTIVE DIRECTOR WHO REVIEWS WITH BOARD CHAIR AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FASCRAP HAS ADOPTED A CONFLICT OF INTEREST POLICY AND AN ANNUAL DISCLOSURE STATEMENT THAT IS DISTRIBUTED,REVIEWED, SIGNED AND SUBMITTED TO ALL NEW MEMBERS OF THE BOARD. ANNUALLY MEMBERS COMPLETE THE CONFLICT OF INTEREST STATEMENT. MEMBERS WITH A CONFLICT OF INTEREST ARE NOT ALLOWED TO VOTE ON MATTERS IN WHICH THERE IS A CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD EXECTIVE COMMITTEE IS RESPONSIBLE FOR HIRING < AND ESTABLISHING THE COMPENSATION SALARY AND BENEFITS OF THE EXECUTIVE DIRECTOR/TOP MANAGEMENT. THE EXECUTIVE DIRECTOR IS NOT INCLUDED IN THE MEETING TO DISCUSS HER COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BOARD OF DIRECTORS MEET AND DISCUSS COMPENSATION BY REVIEWING COMPARABLE COMPENSATIONS INCLUDING NYCON'S ANNUAL SALARY SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION HAS ADOPTED THE NEW LEASE STANDARD
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 12, PART XII, LINE 1
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0457941
IRS990/TotalAssetsEOYAmt0237459
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IRS990/TotalContributionsAmt0395536
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015791
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0418170
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0981397
IRS990/TotalFunctionalExpensesGrp/TotalAmt01415358
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0284180
IRS990/TotalLiabilitiesEOYAmt0239017
IRS990/TotalLiabilitiesGrp/BOYAmt0284180
IRS990/TotalLiabilitiesGrp/EOYAmt0239017
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0173762
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1558
IRS990/TotalProgramServiceExpensesAmt0981397
IRS990/TotalProgramServiceRevenueAmt0793223
IRS990/TotalReportableCompFromOrgAmt081348
IRS990/TotalRevenueGrp/ExclusionAmt021
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0793223
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01238779
IRS990/TotalVolunteersCnt05106
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0457942
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0237459
IRS990/TravelGrp/ManagementAndGeneralAmt0854
IRS990/TravelGrp/ProgramServicesAmt03120
IRS990/TravelGrp/TotalAmt03974
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/AddressLine2Txt0UNIT 5H-4
IRS990/USAddress/CityNm0BROOKLYN
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd011220
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JESSICA SCHREIBER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09292763188
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FABSCRAP INC
ReturnHeader/Filer/BusinessNameControlTxt0FABS
ReturnHeader/Filer/EIN0813795981
ReturnHeader/Filer/PhoneNum06467707418
ReturnHeader/Filer/USAddress/AddressLine1Txt0140 58TH STREET BLDG B UNIT 5H-4
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$237,459
Liabilities
$239,017
Net assets
-$1,558
Revenue
$1,238,779
Expenses
$1,415,358
Net income
-$176,579
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