Civic Intelligence

Curts Closet

990 • Fiscal year 2023 • EIN 82-2620511

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 29, 2025

PO Box 942Cullman, AL 35056

(256) 735-4557

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.14x

Higher debt load relative to revenue than 59% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

58th percentile

8.0%

Higher net margin than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

66th percentile

$97,485

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

79th percentile

24%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.1%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,399,716

Up $273,004 (+24%) from 2022

Net Assets

Up

$1,245,446

Up $124,537 (+11%) from 2022

Liabilities

Up

$154,270

Up $148,467 (+2558%) from 2022

Revenue

Down

$1,095,834

Down $58,634 (-5.1%) from 2022

Expenses

Up

$1,007,705

Up $358,726 (+55%) from 2022

Net Income

Down

$88,129

Down $417,360 (-83%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $14,100Liabilities 2017: $1,7192017Assets 2019: $57,102Liabilities 2019: $2,4112019Assets 2020: $309,948Liabilities 2020: $176,9012020Assets 2021: $627,116Liabilities 2021: $9,583Net Assets 2021: $617,5332021Assets 2022: $1,126,712Liabilities 2022: $5,803Net Assets 2022: $1,120,9092022Assets 2023: $1,399,716Liabilities 2023: $154,270Net Assets 2023: $1,245,4462023Assets 2024: $1,517,849Liabilities 2024: $14,377Net Assets 2024: $1,503,4722024

Highlighted filing

2023

Assets$1,399,716
Liabilities$154,270
Net Assets$1,245,446

Operations Trend

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

$1.5M$1.0M$500K$0Revenue 2017: $15,590Expenses 2017: $3,210Net Income 2017: $12,3802017Revenue 2019: $63,091Expenses 2019: $25,761Net Income 2019: $37,3302019Revenue 2020: $113,684Expenses 2020: $35,328Net Income 2020: $78,3562020Revenue 2021: $599,729Expenses 2021: $122,945Net Income 2021: $476,7842021Revenue 2022: $1,154,468Expenses 2022: $648,979Net Income 2022: $505,4892022Revenue 2023: $1,095,834Expenses 2023: $1,007,705Net Income 2023: $88,1292023Revenue 2024: $1,046,344Expenses 2024: $780,621Net Income 2024: $265,7232024

Highlighted filing

2023

Revenue$1,095,834
Expenses$1,007,705
Net Income$88,129
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 29, 2025
Return Version
2023v6.0
Gross Receipts
$1,095,834
Mission and Program Overview

Mission

Helping provide students with confidence through community action and god's love.

Helping provide students with confidence through community action and gods love.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$809,973--
Land, Buildings, and Equipment, Net$307,320$697,480▲ $390,160
Cash and Non-Interest-Bearing Accounts$2,030$661,130▲ $659,100
Inventories for Sale or Use-$32,800-
Investments in Publicly Traded Securities$7,389$8,306▲ $917
Total Assets$1,126,712$1,399,716▲ $273,004
Liabilities
Other Liabilities$5,803$154,270▲ $148,467
Total Liabilities$5,803$154,270▲ $148,467
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$970,559$1,199,561▲ $229,002
Net Assets With Donor Restrictions$150,350$45,885▼ $104,465
Total Net Assets Fund Balance$1,120,909$1,245,446▲ $124,537
Total Liabilities and Net Assets / Fund Balance$1,126,712$1,399,716▲ $273,004

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$231,460$17,274$248,734
Land$50,000-$50,000
Equipment$11,689$30,697$42,386
Other Land Buildings$404,331$-8,297-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ashley WilsonFounderexecutive DirectorFT$97,485$97,485

Board Members and Trustees

NameTitle
Stacy JohnsonPresident
Mallory HallBoard Member
Misti EasterBoard Member
Cathy GraySecretary
Helen LewisTreasurer
Cindy McswainVP
Revenue and Support

Revenue Composition

Contributions and Grants
$1,064,883
Program Service Revenue
$25,392
Investment Income
$4,260
Other Revenue
$1,299
All Other Contributions
$981,144
Change in Net Assets
$88,129

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table46,000$399,380Thrift Resale Value
Total Noncash Contributions46,000$399,380-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$829,215
Salaries, Compensation, and Employee Benefits$178,490
Total Fundraising Expense$36,543
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$246,271$13,416$13,416$273,103
Other Expenses$106,938$65$65$106,938
Current Officers, Directors, Trustees, and Key Employees$97,485--$97,485
Other Salaries and Wages$35,161$16,581$16,581$68,323
Occupancy$14,818$1,852$1,852$18,522
Depreciation Depletion$11,337$1,417$1,417$14,171
Payroll Taxes$10,146$1,268$1,268$12,682
Insurance$8,088$1,011$1,011$10,110
Conferences and Meetings$3,917$490$490$4,897
Fees for Services Accounting$2,642$330$330$3,302
Travel$622$77$77$776
Advertising$289$36$36$361
Total Functional Expenses$934,619$36,543$36,543$1,007,705
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Clothed in C$80,618$51,643$3,645$47,998
Total Events$80,618$51,643$17,973$33,670
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accounts Payable - Contractor$137,828
Credit Card$15,838
Payroll Tax Liability$604
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Executive director and treasurer are sister-in-laws

Form 990 governing body review Part VI line 11

Draft copy distributed to board members and officers for review prior to filing

Governing documents etc available to public Part VI line 19

Documents are available upon request

Filing and Contact Details

Filer

Filer Name
Curts Closet
EIN
82-2620511
Address
PO BOX 942, CULLMAN, AL 35056

Signing Officer

Name
Ashley Wilson
Title
Founderexecuti
Phone
2567351508
Signed
2025-01-29
Discuss with paid preparer
No

Organization Details

Principal Officer
Ashley Wilson
Formed
2017
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
5
Employees
6
Volunteers
150

Preparer

Firm
Strategic Tax & Accounting LLC
Address
301 Elizabeth Street NE, Cullman, AL 35055
Preparer
Tammy West
Phone
2567370532
Supplemental Narrative

Additional Explanations

Amended return information

Return amended to match audited financial statements

List of other expenses Part IX line 24E

Curts classic food and drink $ 243curtis j wilson scholarship $117500clothed in cullman $ 17973direct assistance $ 1509property tax $ 4156misc payroll expense $ 2060van expense $ 1704gifts & contributions $ 1725operating expense $126233

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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt05157
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02889715
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04260
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt048
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt080618
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02405
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0185651
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05394
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt01299
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IRS990ScheduleA/PublicSupportCY509Pct00.75990
IRS990ScheduleA/PublicSupportPY509Pct00.84910
IRS990ScheduleA/PublicSupportTotal509Amt02342055
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0108010
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0123150
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt065244
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt05157
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0733311
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0113600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt066911
IRS990ScheduleA/Total509Grp/TotalAmt03075366
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01095834
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0610035
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0113684
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt066959
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03082059
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt017274
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0248734
IRS990ScheduleD/EquipmentGrp/BookValueAmt011689
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030697
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042386
IRS990ScheduleD/LandGrp/BookValueAmt050000
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0404331
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAX LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCOUNTS PAYABLE - CONTRACTOR
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IRS990ScheduleD/TotalLiabilityAmt0154270
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IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017973
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IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt046000
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CLOTHING
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0THRIFT RESALE VALUE
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN AMENDED TO MATCH AUDITED FINANCIAL STATEMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR AND TREASURER ARE SISTER-IN-LAWS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DRAFT COPY DISTRIBUTED TO BOARD MEMBERS AND OFFICERS FOR REVIEW PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CURTS CLASSIC FOOD AND DRINK $ 243CURTIS J WILSON SCHOLARSHIP $117500CLOTHED IN CULLMAN $ 17973DIRECT ASSISTANCE $ 1509PROPERTY TAX $ 4156MISC PAYROLL EXPENSE $ 2060VAN EXPENSE $ 1704GIFTS & CONTRIBUTIONS $ 1725OPERATING EXPENSE $126233
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4List of other expenses Part IX line 24e

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