Josephs Coat Inc
- Assets
- $594.5k
- Revenue
- $319.1k
- Investments
- $0.0
- Employees
- 17
- Location
- Blair, NE
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 20-1380542
Organization Overview
Josephs Coat Inc is located in Blair, NE. The organization was established in 2004. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Josephs Coat Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Josephs Coat Inc 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 12/2022, Josephs Coat Inc generated $319.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $238.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF JOSEPH'S COAT, A FAITH-BASED CHARITABLE ORGANIZATION, IS TO PROVIDE FOOD TO FAMILIES IN NEED AND ACCESS TO QUALITY MERCHANDISE THROUGHOUT THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SELLING DONATED USED PERSONAL ITEMS, WITH THE PROCEEDS AFTER EXPENSES USED FOR THE WASHINGTON COUNTY FOOD PANTRY, WHICH IS A PART OF JOSEPH'S COAT, INC. ALL DONATION INCOME AND EXPENSES RELATED TO THE WASHINGTON COUNTY FOOD PANTRY ARE INCLUDED AS WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joellen Maras President | OfficerTrustee | $0 | |
Jim Brown Vice Preside | OfficerTrustee | $0 | |
Gregg Miller Treasurer | OfficerTrustee | $0 | |
Kelli Shaner Secretary | OfficerTrustee | $0 | |
Cathy White Board Member | Trustee | $0 | |
Justin Klitzke Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $134,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,587 |
| Total Program Service Revenue | $0 |
| Investment income | $590 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $19,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,103 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,134 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,431 |
| Office expenses | $5,977 |
| Information technology | $2,436 |
| Royalties | $0 |
| Occupancy | $3,759 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $341 |
| Interest | $43 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,613 |
| Insurance | $9,598 |
| All other expenses | $10,782 |
| Total functional expenses | $238,761 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,532 |
| Savings and temporary cash investments | $325,598 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $103,640 |
| Investments—publicly traded securities | $26,773 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $594,543 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,810 |
| Total liabilities | $3,810 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $590,733 |
| Total liabilities and net assets/fund balances | $594,543 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Josephs Coat Inc has recieved totaling $12,190.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,978 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $212 |
Endowment Analysis
| Earnings | $1,323 |
| Net Contributions | $25,450 |
| Ending Balance | $26,773 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vail Valley Cares Inc Edwards, CO | $3,973,147 | $3,753,850 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Depot Outlet Inc Decorah, IA | $1,906,503 | $2,062,809 |
Adelante Thrift Inc Kansas City, KS | $255,188 | $1,547,974 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |
Overflow Thrift Store Inc Ames, IA | $470,741 | $892,857 |
La Puente Enterprises Inc Alamosa, CO | $772,797 | $831,754 |
Open Door Service Center Sedalia, MO | $1,383,556 | $763,114 |
TGBG Inc Omaha, NE | $0 | $512,684 |
Mcb Thrift Stores Springfield, MO | $67,052 | $544,756 |
Society Of St Vincent De Paul Rapid City Diocese District Council Spearfish, SD | $1,007,734 | $649,678 |
Giving Tree Topeka Inc Topeka, KS | $87,952 | $430,771 |