Community Closet Inc
- Assets
- $496.0k
- Revenue
- $865.0k
- Investments
- $0.0
- Employees
- 21
- Location
- Livingston, MT
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-3477522
Organization Overview
Community Closet Inc is located in Livingston, MT. The organization was established in 2006. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 12/2021, Community Closet Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Closet 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 12/2021, Community Closet Inc generated $865.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $620.2k during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION RAISES MONEY THROUGH SALES AT A THRIFT SHOP. FUNDS ARE DISTRIBUTED EACH YEAR TO INDIVIDUALS AND ORGANIZATIONS IN THE COMMUNITY. THE COMMUNITY CLOSET SERVES THE ECONOMICALLY DISADVANTAGED RURAL AREA OF PARK COUNTY, MONTANA. GOALS OF THE ORGANIZATION INCLUDE MAKING CLOTHING AND HOUSEHOLD GOODS AVAILABLE TO INDIVIDUALS AT A GREATLY REDUCED PRICE AND KEEPING TONS OF REUSEABLE GOODS OUT OF THE LANDFILL. THE ORGANIZATION ALSO ATTEMPTS TO RECYCLE OR REPURPOSE ITEMS THAT ARE UNSALEABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS THROUGH OPERATING A THRIFT STORE TO DONATE TO LOCAL CHARITIES IN LIVINGSTON AND PARK COUNTY MONTANA. SINCE INCEPTION, THE ORGANIZATION HAS DONATED OVER 626,000 TO VARIOUS NONPROFIT ORGANIZATIONS. A PARTIAL LIST OF THESE NONPROFITS INCLUDE FRIENDS OF THE COMMUNITY, THE SHANE LALANICENTER FOR PERFORMING ARTS, STAFFORD ANIMAL SHELTER, LINKS FOR LEARNING, COMMUNITY SCHOOL COLLABORATIVE, BIG BROTHERS/BIG SISTERS, HUMAN RESOURCES DEVELOPMENT COUNCIL, PARK COUNTY COMMUNITY FOUNDATION,THE LIVINGSTON FOOD PANTRY, ETC. THE FUNDS RAISED BY THE THRIFT SHOP ARE AN IMPORTANT PART OF THE TOTAL FUNDING RECEIVED BY MANY OF THESE NONPROFITS. THE COMMUNITY CLOSET HAS AN ABILITY TO IMMEDIATELY FUND PROGRAMS WITH SPECIFIC NEEDS. THE ORGANIZATION ALSO PROVIDES EMPLOYMENT TO INDIVIDUALS WITH SPECIAL NEEDS. TWO OTHER IMPORTANT FUNCTIONS ARE PROVIDING CLOTHING AND HOUSEHOLD GOODS AT REDUCED RATES TO LOW INCOME HOUSEHOLDS, AS WELL AS KEEPING HUNDREDS OF TONS OF TRASH FROM LANDFILLS THROUGH RE-USE AND RECYCLING. THE ORGANIZATION OPERATES THREE LOCATIONS IN DOWNTOWN LIVINGSTON. IN ADDITION TO THE MAIN THRIFT CENTER, A SECOND LOCATION OFFERS PRODUCTS FOR FREE, AND A THIRD LOCATION CURATES HIGHER-END GOODS IN A MORE TYPICAL RETAIL STORE ATMOSPHERE. SALES IN THE THRIFT STORES INCREASED OVER 40% IN 2021 VERSUS THE PRIOR YEAR, DUE TO FREQUENT CLOSURES IN 2020 RELATED TO COVID RESTRICTIONS. AS A RESULT, THE ORGANIZATION WAS ABLE TO DOUBLE THE AMOUNTS OF GRANTS MADE TO COMMUNITY NONPROFITS, TO 74,000.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Caron Cooper Chief Execut | Officer | 40 | $60,692 |
Gayle Kamps Board Member | Trustee | 2 | $0 |
Mary Ann Mack Board Member | Trustee | 2 | $0 |
Janene Molebash Board Chairm | Trustee | 2 | $0 |
Mary Murphy Board Member | Trustee | 2 | $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 | $7,229 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,229 |
| Total Program Service Revenue | $0 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,325 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $858,942 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $864,956 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,251 |
| 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. | $60,692 |
| Compensation of current officers, directors, key employees. | $30,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $239,116 |
| Pension plan accruals and contributions | $6,041 |
| Other employee benefits | $20,646 |
| Payroll taxes | $32,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,532 |
| Fees for services: Accounting | $8,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,829 |
| Advertising and promotion | $7,096 |
| Office expenses | $4,360 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $135,619 |
| Travel | $1,385 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,174 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,595 |
| Insurance | $20,662 |
| All other expenses | $0 |
| Total functional expenses | $620,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,892 |
| Savings and temporary cash investments | $185,403 |
| 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 | $100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $111,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $495,978 |
| 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 | $1,924 |
| Total liabilities | $1,924 |
| Net assets without donor restrictions | $494,054 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $495,978 |
Grants Awarded
Over the last fiscal year, Community Closet Inc has awarded $69,251 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS | | | $31,845 |
Livingston, MT | | $22,000 |
Livingston, MT | | $8,700 |
HRDC | | | $6,706 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Of The Olympics And Rainier Region Tacoma, WA | $86,847,447 | $92,907,944 |
Goodwill Industries Of Denver Colorado Springs, CO | $41,514,636 | $66,786,496 |
Goodwill Industries Inc St Paul, MN | $94,899,402 | $59,559,829 |
Goodwill Industries Of The Inland Northwest Spokane, WA | $53,261,849 | $45,729,944 |
Goodwill Of The Great Plains Sioux City, IA | $33,353,824 | $45,336,222 |
Goodwill Industries Of Southern Nevada Inc Las Vegas, NV | $44,186,106 | $51,055,469 |
Goodwill Industries Of Lane County Eugene, OR | $50,336,739 | $41,041,917 |
Goodwill Industries Of The Heartland Cedar Rapids, IA | $40,819,529 | $39,875,591 |
Goodwill Industries Inc Omaha, NE | $56,720,433 | $29,507,917 |
Goodwill Industries Of The Columbia Kennewick, WA | $46,178,517 | $29,617,613 |
Goodwill Industries Of Greater Nebraska Inc Grand Island, NE | $23,720,104 | $21,067,980 |
Goodwill Industries Of Northeast Iowa Inc Waterloo, IA | $16,595,417 | $20,700,717 |