Isaiah Closet Inc
- Assets
- $106.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bonham, TX
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 81-3765457
Organization Overview
Isaiah Closet Inc is located in Bonham, TX. The organization was established in 2017. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Isaiah 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 12/2022, Isaiah Closet Inc generated $91.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $53.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO MEET BASIC NEEDS, PROVIDE THERAPEUTIC SUPPORT, AND PROMOTE COMMUNITY ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Casey Holly President | 0 | $0 | |
Lyndon Holly Vice President | 0 | $0 | |
Misti Walton Director | 0 | $0 | |
Jeffrey Walton Director | 0 | $0 | |
Courtney Rhudy Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,348 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $91,348 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,457 |
| Occupancy, rent, utilities, and maintenance | $24,477 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,894 |
| Total expenses | $53,828 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,561 |
| Other assets | $0 |
| Total assets | $106,157 |
| Total liabilities | $0 |
| Net assets or fund balances | $106,157 |