Civic Intelligence

Cloth Option Inc.

990EZ • Fiscal year 2021 • EIN 83-2191953

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 09, 2021

PO Box 1341Holyoke, MA 01041

(413) 455-0865

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

78th percentile

36%

Higher net margin than 78% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

96th percentile

326%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-24%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$46,566

Up $35,636 (+326%) from 2020

Net Assets

Up

$46,566

Up $38,862 (+504%) from 2020

Liabilities

Down

$0

Down $3,226 (-100%) from 2020

Revenue

Down

$109,412

Down $34,978 (-24%) from 2020

Expenses

Down

$70,550

Down $78,950 (-53%) from 2020

Net Income

Up

$38,862

Up $43,972 (+861%) from 2020

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2019: $72,783Liabilities 2019: $59,9692019Assets 2020: $10,930Liabilities 2020: $3,226Net Assets 2020: $7,7042020Assets 2021: $46,566Liabilities 2021: $0Net Assets 2021: $46,5662021Assets 2022: $117,117Liabilities 2022: $0Net Assets 2022: $117,1172022Assets 2023: $115,960Liabilities 2023: $0Net Assets 2023: $115,9602023Assets 2024: $78,760Liabilities 2024: $0Net Assets 2024: $78,7602024Assets 2025: $81,119Liabilities 2025: $0Net Assets 2025: $81,1192025

Highlighted filing

2021

Assets$46,566
Liabilities$0
Net Assets$46,566

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2019: $72,783Expenses 2019: $59,969Net Income 2019: $12,8142019Revenue 2020: $144,390Expenses 2020: $149,500Net Income 2020: -$5,1102020Revenue 2021: $109,412Expenses 2021: $70,550Net Income 2021: $38,8622021Revenue 2022: $248,026Expenses 2022: $177,475Net Income 2022: $70,5512022Revenue 2023: $189,334Expenses 2023: $190,491Net Income 2023: -$1,1572023Revenue 2024: $134,398Expenses 2024: $171,598Net Income 2024: -$37,2002024Revenue 2025: $130,690Expenses 2025: $128,331Net Income 2025: $2,3592025

Highlighted filing

2021

Revenue$109,412
Expenses$70,550
Net Income$38,862
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$109,412
Mission and Program Overview

Mission

To advocate for and provide access to cloth diapers and other reusable hygiene products to reduce diaper need and protect our environment for future generations.

Program Services

DescriptionGrantsExpenses
THE MISSION OF THE CLOTH OPTION INC IS TO ADVOCATE FOR AND PROVIDE ACCESS TO CLOTHDIAPERS AND OTHER REUSABLE HYGIENE PRODUCTS TO REDUCE DIAPER NEED AND PROTECT OURENVIRONMENT FOR FUTURE GENERATIONS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SADIE CORAPresidentPT$0--
LAURA MAIOTreasurer-$0--
SANDRA BILDSTEINSecretary-$0--
NEVETTE BAILEYDirector-$0--
COURTNAY HARVEYDirector-$0--
KAITY JAPIKSEDirector-$0--
JENNA WEIXELDirector-$0--
Filing and Contact Details

Filer

Filer Name
The Cloth Option Inc
EIN
83-2191953
Phone
4134550865
Address
PO BOX 1341, HOLYOKE, MA 01041

Signing Officer

Name
Sadie Cora
Title
President
Signed
2021-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Pignatare & Sagan LLC
Address
1089 Elm Street, West Springfield, MA 01089
Preparer
Charles E Sagan
Phone
4137469465
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: VARIOUS RECIPIENTS | Description of Property: CLOTH DIAPERS | Date of Gift: -20200101 | Book Value: $47557 | Method Used to Determine BV: DONATED VALUE | Fair Market Value: $47557 | Method Used to Determine FMV: DONATED VALUE

Other Expenses.1001

Advertising and Promotion $139

Other Expenses.1012

Insurance $3876

Other Expenses.2

Diaper supplies purchased $1940

Other Expenses.3

PAYPAL FEES $346

Other Assets.1

IN KIND DONATIONS-INVENTORY - Beginning $0 IN KIND DONATIONS-INVENTORY - Ending $25492

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $3226 Accounts Payable and Accrued Expenses - Ending $0

Raw XML Appendix166 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/OtherExpensesTotalAmt06301
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: VARIOUS RECIPIENTS | Description of Property: CLOTH DIAPERS | Date of Gift: -20200101 | Book Value: $47557 | Method Used to Determine BV: DONATED VALUE | Fair Market Value: $47557 | Method Used to Determine FMV: DONATED VALUE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $3876
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYPAL FEES $346
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5IN KIND DONATIONS-INVENTORY - Beginning $0 IN KIND DONATIONS-INVENTORY - Ending $25492
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/Filer/BusinessNameControlTxt0CLOT
ReturnHeader/Filer/EIN0832191953
ReturnHeader/Filer/PhoneNum04134550865
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ReturnHeader/Filer/USAddress/CityNm0HOLYOKE
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ReturnHeader/Filer/USAddress/ZIPCd001041
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203787880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Pignatare & Sagan LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01089 Elm Street
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ReturnHeader/PreparerPersonGrp/PhoneNum04137469465
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES E SAGAN
ReturnHeader/ReturnTs02021-11-09T13:23:30-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SADIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CORA
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings