Princeton Closet Nfp
- Assets
- $412.4k
- Revenue
- $386.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Princeton, IL
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 61-1460404
Organization Overview
Princeton Closet Nfp is located in Princeton, IL. 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 12/2021, Princeton Closet Nfp employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Closet Nfp 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, Princeton Closet Nfp generated $386.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $343.2k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 6 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
TO PROVIDE QUALITY GOODS FOR RESALE AND USE THOSE PROCEEDS TO FUND CHARITABLE ORGANIZATIONS WITHIN BUREAU COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE QUALITY GOODS FOR RESALE AND USE THOSE PROCEEDS TO FUND CHARITABLE ORGANIZATIONS THROUGHOUT BUREAU COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Droessler Secretary | OfficerTrustee | 1 | $0 |
Wanda Nelson Treasurer | OfficerTrustee | 1 | $0 |
Joanne Kloepping President | OfficerTrustee | 5 | $0 |
Teri Hoelle Vice President | OfficerTrustee | 1 | $0 |
Marilyn Eckberg Director | Trustee | 1 | $0 |
Shirley Johnson Past President | Trustee | 5 | $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 | $4,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,027 |
| Total Program Service Revenue | $0 |
| Investment income | $162 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $378,337 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,883 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $215,000 |
| 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 | $59,870 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,872 |
| Advertising and promotion | $4,332 |
| Office expenses | $189 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,064 |
| 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 | $9,467 |
| Insurance | $5,273 |
| All other expenses | $1,358 |
| Total functional expenses | $343,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,521 |
| Savings and temporary cash investments | $0 |
| 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 | $25,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $255,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $412,365 |
| Accounts payable and accrued expenses | $5,298 |
| 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 | $5,298 |
| Net assets without donor restrictions | $407,067 |
| 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 | $412,365 |
Grants Awarded
Over the last fiscal year, Princeton Closet Nfp has awarded $106,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
Rock Falls, IL PURPOSE: FOOD FOR THE HUNGRY | $15,000 |
Colorado Springs, CO PURPOSE: CHRISTIAN YOUTH ACTIVITIES | $15,000 |
PRINCETON MINISTERIAL ASSN PURPOSE: EMERGENCY FUNDS FOR THE NEEDY | $15,000 |
Princeton, IL PURPOSE: SENIOR CITIZEN CARE | $9,000 |
Princeton, IL PURPOSE: HELPING ABUSED WOMEN | $9,000 |
Princeton, IL PURPOSE: SENIOR CITIZEN CARE | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sharing Connections Inc Downers Grove, IL | $1,421,434 | $5,757,318 |
St Vincent De Paul Society District Council Of Green Bay Green Bay, WI | $6,984,787 | $5,313,113 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Lexington Rescue Mission Inc Lexington, KY | $3,687,691 | $2,773,150 |
Abilities Richmond Richmond, IN | $210,319 | $2,452,026 |
Depot Outlet Inc Decorah, IA | $1,906,503 | $2,062,809 |
Society Of St Vincent De Paul Diocesan Council Of Lafayette Noblesville, IN | $1,377,536 | $1,591,122 |
St Vincent De Paul Council Of Neenah-Menasha Inc Neenah, WI | $2,036,881 | $1,874,816 |
Fort Wayne Society Of St Vincent Depaul Inc Fort Wayne, IN | $1,872,143 | $1,538,116 |
St Josephs Conference Of The Societ St Vincent De Paul Inc Rice Lake, WI | $1,420,027 | $1,322,338 |
District Of Evansville Of The Society Of St Vincent De Paul Inc Evansville, IN | $3,528,362 | $1,814,462 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |