Bottomless Closet
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 13-4037622
Organization Overview
Bottomless Closet is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Bottomless Closet employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bottomless Closet is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bottomless Closet generated $1.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE BARRIERS NEW YORK CITY WOMEN FACE IN THE SEARCH FOR EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAIN PROGRAM OFFERED BY THE ORGANIZATION INCLUDES THE SELECTION OF HIGH QUALITY INTERVIEW ATTIRE, RESUME REVIEW/PREPARATION AND INTERVIEW COACHING AS WELL AS A BROAD WORKSHOP CURRICULUM THAT PROMOTES PROFESSIONAL DEVELOPMENT, FINANCIAL MANAGEMENT AND PERSONAL ENRICHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Norden Executive Director | Officer | 40 | $186,533 |
Diane Kenney Secretary | OfficerTrustee | 5 | $0 |
Amanda Nussbaum Vice President | OfficerTrustee | 5 | $0 |
Lisa Primeggia Chair | OfficerTrustee | 5 | $0 |
Nancy Obler Treasurer | OfficerTrustee | 5 | $0 |
Anne Blackman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $491,018 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $749,643 |
| Noncash contributions included in lines 1a–1f | $31,148 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,240,661 |
| Total Program Service Revenue | $0 |
| Investment income | $25,563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $139,108 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $79,298 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,484,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $195,245 |
| Compensation of current officers, directors, key employees. | $5,596 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,618 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,315 |
| Payroll taxes | $55,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,488 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,561 |
| Office expenses | $53,663 |
| Information technology | $56,170 |
| Royalties | $0 |
| Occupancy | $287,377 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,490 |
| Insurance | $5,086 |
| All other expenses | $0 |
| Total functional expenses | $1,244,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,913 |
| Savings and temporary cash investments | $95,114 |
| Pledges and grants receivable | $10,000 |
| Accounts receivable, net | $13,919 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $82,000 |
| Prepaid expenses and deferred charges | $54,309 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,582,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,202 |
| Other assets | $0 |
| Total assets | $2,028,640 |
| Accounts payable and accrued expenses | $29,657 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,657 |
| Net assets without donor restrictions | $1,986,483 |
| Net assets with donor restrictions | $12,500 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,028,640 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bottomless Closet has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
C A L Foundation Inc New York, NY PURPOSE: GENERAL PURPOSES | $5,000 |
Georgescu Family Foundation Westport, CT PURPOSE: GENERAL BUSINESS | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Debt Resolution Inc Long Island City, NY | $56,504,785 | $17,143,600 |
Ten Thousand Villages Akron, PA | $14,547,846 | $9,360,200 |
Disability Allies Inc Woodbridge, NJ | $6,966,940 | $10,816,279 |
Center For Humanistic Change Of New Jersey Inc Stanhope, NJ | $11,543,417 | $9,855,582 |
Awakening Sanctuary Inc Burlington, VT | $7,357,011 | $5,820,072 |
Make The Road States Inc Brooklyn, NY | $7,408,251 | $7,425,065 |
Change Machine Brooklyn, NY | $5,832,796 | $6,179,294 |
Cumac Echo Inc Paterson, NJ | $2,528,208 | $5,734,886 |
Hot Bread Kitchen Ltd New York, NY | $8,864,419 | $5,150,030 |
Harmonia Collaborative Care Inc Derby, NY | $1,756,164 | $2,977,086 |
Support-Link Inc Queensbury, NY | $1,296,212 | $2,954,420 |
Kingston Self-Help Center Inc Dba Peoples Place Kingston, NY | $3,102,092 | $3,078,211 |