Civic Intelligence

Undies Project Inc.

990EZ • Fiscal year 2024 • EIN 81-4243048

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 23, 2024

10 Steep Hollow LaneCos Cob, CT 06807

(203) 869-8249

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

88th percentile

66%

Faster asset growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

5.4%

Faster revenue growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$68,191

Up $27,216 (+66%) from 2023

Net Assets

Up

$68,191

Up $27,216 (+66%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Up

$156,159

Up $8,064 (+5.4%) from 2023

Expenses

Down

$128,943

Down $10,536 (-7.6%) from 2023

Net Income

Up

$27,216

Up $18,600 (+216%) from 2023

Historical Trend

Balance Sheet Trend

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

$80K$60K$40K$20K$0Assets 2017: $12,111Liabilities 2017: $306Net Assets 2017: $11,8042017Assets 2018: $19,323Liabilities 2018: $1,500Net Assets 2018: $17,8232018Assets 2019: $16,847Liabilities 2019: $1,0002019Assets 2020: $27,564Liabilities 2020: $3252020Assets 2021: $28,111Liabilities 2021: $02021Assets 2022: $32,359Liabilities 2022: $0Net Assets 2022: $32,3592022Assets 2023: $40,975Liabilities 2023: $0Net Assets 2023: $40,9752023Assets 2024: $68,191Liabilities 2024: $0Net Assets 2024: $68,1912024Assets 2025: $71,375Liabilities 2025: $1,075Net Assets 2025: $70,3002025

Highlighted filing

2024

Assets$68,191
Liabilities$0
Net Assets$68,191

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2017: $20,635Expenses 2017: $8,831Net Income 2017: $11,8042017Revenue 2018: $104,760Expenses 2018: $98,742Net Income 2018: $6,0182018Revenue 2019: $56,102Expenses 2019: $58,078Net Income 2019: -$1,9762019Revenue 2020: $90,182Expenses 2020: $78,791Net Income 2020: $11,3912020Revenue 2021: $90,909Expenses 2021: $90,037Net Income 2021: $8722021Revenue 2022: $120,154Expenses 2022: $115,907Net Income 2022: $4,2472022Revenue 2023: $148,095Expenses 2023: $139,479Net Income 2023: $8,6162023Revenue 2024: $156,159Expenses 2024: $128,943Net Income 2024: $27,2162024Revenue 2025: $120,664Expenses 2025: $118,555Net Income 2025: $2,1092025

Highlighted filing

2024

Revenue$156,159
Expenses$128,943
Net Income$27,216
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 23, 2024
Return Version
2023v5.1
Gross Receipts
$170,353
Mission and Program Overview

Mission

In-kind donations of underwears and clothings valued at $106,430 were given to other non-profits for distribution to men, women and children in need. In 2021 - 2022, the undies project donated to more than 50 agencies.

The mission of the undies project, inc. Is to provide new underwear to men, women and children in need to improve their lives. They also educate communities about this true, unmet need.underwear is the most under-donated, and most needed, item of clothing. No one should be deprived of the simple, daily necessity of clean underwear that many of us take for granted.hygiene and physical comfort are only part of this basic human need. New, clean underwear also provides dignity and self esteem. For many, underwear is a necessity, not a luxury.

Program Services

DescriptionGrantsExpenses
IN-KIND DONATION OF UNDERWEAR TO OTHER ORGANIZATIONS FOR DISTRIBUTION TO MEN, WOMEN AND CHILDREN IN NEED.-$112,132
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
VIRGINIA CHENEYSecretary-$0--
MARIA CHENGTreasurer-$0--
EDGAR DELAFLORBoard Member-$0--
JOE HADLEYBoard Chair-$0--
CRAIG JONESBoard Member-$0--
CAROLINE LEEBoard Member-$0--
DEMETRIA NELSONBoard Member-$0--
DEBRA PONZEKVice Chair-$0--
GRACE TSENGBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mind Reader Event, Etc$78,039$13,403$14,194$-791
Total Events$78,039$13,403$14,194$-791
Filing and Contact Details

Filer

Filer Name
Undies Project Inc
EIN
81-4243048
Phone
2038698249
Address
10 STEEP HOLLOW LANE, COS COB, CT 06807

Signing Officer

Name
Maria Cheng
Title
Treasurer
Signed
2024-09-23
Discuss with paid preparer
Yes

Preparer

Firm
Baldessari & Coster LLP
Address
84 Covert Ave, Stewart Manor, NY 11530
Preparer
Albert Coster CPA
Phone
5163262582
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $900

Other Expenses.1002

Office Expenses $588

Other Expenses.1007

Conferences, Conventions, and Meetings $103

Other Expenses.1012

Insurance $378

Other Expenses.1

Distribution of underwear $108390

Other Expenses.2

Computer software/supply $4982

Other Expenses.3

Printing and postage $2056

Other Expenses.4

MISC EXPENSE $246

Other Expenses.5

FILING FEES $50

Other Assets.1010

Inventories - Beginning $0 Inventories - Ending $5571

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $562 Prepaid Expenses and Deferred Charges - Ending $563

Raw XML Appendix208 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/PrimaryExemptPurposeTxt0THE MISSION OF THE UNDIES PROJECT, INC. IS TO PROVIDE NEW UNDERWEAR TO MEN, WOMEN AND CHILDREN IN NEED TO IMPROVE THEIR LIVES. THEY ALSO EDUCATE COMMUNITIES ABOUT THIS TRUE, UNMET NEED.UNDERWEAR IS THE MOST UNDER-DONATED, AND MOST NEEDED, ITEM OF CLOTHING. NO ONE SHOULD BE DEPRIVED OF THE SIMPLE, DAILY NECESSITY OF CLEAN UNDERWEAR THAT MANY OF US TAKE FOR GRANTED.HYGIENE AND PHYSICAL COMFORT ARE ONLY PART OF THIS BASIC HUMAN NEED. NEW, CLEAN UNDERWEAR ALSO PROVIDES DIGNITY AND SELF ESTEEM. FOR MANY, UNDERWEAR IS A NECESSITY, NOT A LUXURY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $588
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $378
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISTRIBUTION OF UNDERWEAR $108390
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPUTER SOFTWARE/SUPPLY $4982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRINTING AND POSTAGE $2056
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ReturnHeader/BuildTS02024-08-08 14:25:15Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MARIA CHENG
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNDIES PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0UNDI
ReturnHeader/Filer/EIN0814243048
ReturnHeader/Filer/PhoneNum02038698249
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ReturnHeader/Filer/USAddress/CityNm0COS COB
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt084 Covert Ave
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ReturnHeader/ReturnTs02024-09-23T11:54:32-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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