Civic Intelligence

Ftr Apparel Inc.

990EZ • Fiscal year 2022 • EIN 85-4252480

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 28, 2023

Organization Profilewww.ftrapparel.com
2 Florence AveMarlton, NJ 08053

(856) 287-9261

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.00x

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

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Liabilities / Revenue

71st percentile

0.00x

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

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Net Margin

97th percentile

100%

Higher net margin than 97% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2022 filings • NTEE T • <$500k nonprofits • Source year 2022

Asset Growth

83rd percentile

31%

Faster asset growth than 83% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

6th percentile

-99%

Faster revenue growth than 6% of similar nonprofits.

2022 filings • NTEE T • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$306

Up $73 (+31%) from 2021

Net Assets

Up

$306

Up $73 (+31%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin97th percentile

Revenue

Down

$73

Down $6,836 (-99%) from 2021

Expenses

Down

$0

Down $6,676 (-100%) from 2021

Net Income

Down

$73

Down $160 (-69%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$2.0K$1.5K$1.0K$500$0Assets 2021: $233Liabilities 2021: $0Net Assets 2021: $2332021Assets 2022: $306Liabilities 2022: $0Net Assets 2022: $3062022Assets 2023: $563Liabilities 2023: $0Net Assets 2023: $5632023Assets 2024: $1,602Liabilities 2024: $0Net Assets 2024: $1,6022024Assets 2025: $1,637Liabilities 2025: $0Net Assets 2025: $1,6372025

Highlighted filing

2022

Assets$306
Liabilities$0
Net Assets$306
Open 2022 Filing

Operations Trend

Revenue Growth6th percentile

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

$40K$30K$20K$10K$0Revenue 2021: $6,909Expenses 2021: $6,676Net Income 2021: $2332021Revenue 2022: $73Expenses 2022: $0Net Income 2022: $732022Revenue 2023: $4,067Expenses 2023: $3,813Net Income 2023: $2542023Revenue 2024: $29,754Expenses 2024: $28,715Net Income 2024: $1,0392024Revenue 2025: $35,027Expenses 2025: $34,992Net Income 2025: $352025

Highlighted filing

2022

Revenue$73
Expenses$0
Net Income$73
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 28, 2023
Return Version
2022v4.0
Gross Receipts
$2,045
Mission and Program Overview

Mission

We are an apparel brand with a message of hope and perseverance. We sell our uniquely branded apparel to raise money for causes we believe in and we use the proceeds from the sales of our apparel to support other charitable organizations which have visions and missions common to our own.

Program Services

DescriptionGrantsExpenses
Our mission is to sell our uniquely branded apparel and merchandise to supporters of our message, which is one of hope and perseverance. All proceeds of the sale of our merchandise is donated to support like-minded organizations who are making progress in their particular field. For example, we currently support organizations like the Lymphoma Research Foundation, Brain Trauma Foundation, Equal Justice Initiative, Seeds of Hope Ministries, and the Special Olympics. In 2021, which was our first year in operation, we sold nearly $7,000 in merchandise which allowed us to donate $1000 in proceeds across these organizations.$0$0
In 2022, we experienced issues with the quality of some of our products, so sales were low due to the fact that we took some time to find new suppliers and printers that would provide us with high quality items. We also switched e-commerce platforms and underwent a brand reshaping. So, 2022 was a year of learning and reorganizing for us as we continue to try to spread awareness of our brand and raise money to donate to charitable organizations through the sale of our products. We did expand our business model to include branding apparel for other small businesses and we have currently partnered with three businesses who sell their merchandise with our branding on it. This will increase the reach of our brand while also increasing our income.$0$0
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joel GlotfeltyCEOPT$0--
Brian GlotfeltyCFOPT$0--
Aaron LullaSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Ftr Apparel Inc
EIN
85-4252480
Phone
8562879261
Address
2 Florence Ave, Marlton, NJ 08053

Signing Officer

Name
Brian Glotfelty
Title
CFO
Phone
8562879261
Signed
2023-02-28
Raw XML Appendix224 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/PrimaryExemptPurposeTxt0We are an apparel brand with a message of hope and perseverance. We sell our uniquely branded apparel to raise money for causes we believe in and we use the proceeds from the sales of our apparel to support other charitable organizations which have visions and missions common to our own.
IRS990EZ/PrintingPublicationsPostageAmt00
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1In 2022, we experienced issues with the quality of some of our products, so sales were low due to the fact that we took some time to find new suppliers and printers that would provide us with high quality items. We also switched e-commerce platforms and underwent a brand reshaping. So, 2022 was a year of learning and reorganizing for us as we continue to try to spread awareness of our brand and raise money to donate to charitable organizations through the sale of our products. We did expand our business model to include branding apparel for other small businesses and we have currently partnered with three businesses who sell their merchandise with our branding on it. This will increase the reach of our brand while also increasing our income.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Brian Glotfelty
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ReturnHeader/BusinessOfficerGrp/PhoneNum08562879261
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FTR APPAREL INC
ReturnHeader/Filer/BusinessNameControlTxt0FTRA
ReturnHeader/Filer/EIN0854252480
ReturnHeader/Filer/PhoneNum08562879261
ReturnHeader/Filer/USAddress/AddressLine1Txt02 Florence Ave
ReturnHeader/Filer/USAddress/CityNm0Marlton
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008053
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-02-28T13:41:48-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$306
Liabilities
$0
Net assets
$306
Revenue
$73
Expenses
$0
Net income
$73
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.64$0.00$1.64$35.0$35.0$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.60$0.00$1.60$29.8$28.7$1.04
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$4.07$3.81$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.07$0.00$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$6.91$6.68$0.23