Civic Intelligence

Closet Factory Cares

EIN 93-1961469 • 501(c)3 • Los Angeles, CA

Profile

To assist children in need and to assist other organizations with similar goals.

12800 S BroadwayLos Angeles, CA 90061

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

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

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

Liabilities / Revenue

62nd percentile

0.00x

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

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

Net Margin

28th percentile

-13%

Higher net margin than 28% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

34th percentile

-17%

Faster asset growth than 34% of similar nonprofits.

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

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$166,835

Down $34,651 (-17%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$166,835

Down $34,651 (-17%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin28th percentile

Revenue

Up

$269,979

Up $44,302 (+20%) from 2023

Expenses

Up

$304,630

Up $280,439 (+1159%) from 2023

Net Income

Down

-$34,651

Down $236,137 (-117%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth34th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2023: $201,486Liabilities 2023: $0Net Assets 2023: $201,4862023Assets 2024: $166,835Liabilities 2024: $0Net Assets 2024: $166,8352024

Highlighted filing

2024

Assets$166,835
Liabilities$0
Net Assets$166,835
Open 2024 Filing

Operations Trend

Revenue Growth72nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2023: $225,677Expenses 2023: $24,191Net Income 2023: $201,4862023Revenue 2024: $269,979Expenses 2024: $304,630Net Income 2024: -$34,6512024

Highlighted filing

2024

Revenue$269,979
Expenses$304,630
Net Income-$34,651
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$166,835
Liabilities
$0
Net assets
$166,835
Revenue
$269,979
Expenses
$304,630
Net income
-$34,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$2.70$3.05$0.35
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.00$2.01$2.26$0.24$2.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 30, 2025
Return Version
2024v5.2
Gross Receipts
$269,979
Mission and Program Overview

Mission

To assist children in need and to assist other organizations with similar goals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$88,204$166,835▲ $78,631
Rtn Earn Endowment Incm Other Fnds$201,486$166,835▼ $34,651
Pledges and Grants Receivable$113,282$0▼ $113,282
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$201,486$166,835▼ $34,651
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$201,486$166,835▼ $34,651
Total Liabilities and Net Assets / Fund Balance$201,486$166,835▼ $34,651
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Kathryn LabarberaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$269,979
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$269,979
Change in Net Assets
$-34,651
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$304,630
Total Fundraising Expense$10,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$10,337-$10,000$20,337
Office Expenses$643--$643
Total Functional Expenses$294,630$0$10,000$304,630
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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

Form 990, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Closet Factory Cares
EIN
93-1961469
Phone
3105167000
Address
12800 S BROADWAY, Los Angeles, CA 90061

Signing Officer

Name
Kristine La Barbera
Title
Secretary
Signed
2025-06-30
Discuss with paid preparer
Yes

Organization Details

Formed
2023
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Bizvalplus Inc
Address
23430 HAWTHORNE BLVD 290, TORRANCE, CA 90505
Preparer
James Biedenbender CPA ABV CVA
Phone
3108505014
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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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