Ftr Apparel Inc
- Assets
- $563.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- Data as of
- 12/2023
- EIN
- 85-4252480
Organization Overview
Ftr Apparel Inc is located in Durham, NC. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ftr Apparel 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 12/2023, Ftr Apparel Inc generated $4.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $3.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 3 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
2023
Describe the Organization's Program Activity:
Part 3
OUR MISSION IS TO SELL OUR UNIQUELY BRANDED APPAREL AND MERCHANDISE TO SUPPORTERS OF OUR MESSAGE, WHICH IS ONE OF HOPE AND PERSEVERANCE. ALL PROCEEDS OF THE SALE OF OUR MERCHANDISE IS DONATED TO SUPPORT LIKE-MINDED ORGANIZATIONS WHO ARE MAKING PROGRESS IN THEIR PARTICULAR FIELD. FOR EXAMPLE, WE CURRENTLY SUPPORT ORGANIZATIONS LIKE THE LYMPHOMA RESEARCH FOUNDATION, BRAIN TRAUMA FOUNDATION, EQUAL JUSTICE INITIATIVE, SEEDS OF HOPE MINISTRIES, AND THE SPECIAL OLYMPICS. IN 2021, WHICH WAS OUR FIRST YEAR IN OPERATION, WE SOLD NEARLY $7,000 IN MERCHANDISE WHICH ALLOWED US TO DONATE $1000 IN PROCEEDS ACROSS THESE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Glotfelty CEO | 20 | $0 | |
Brian Glotfelty CFO | 10 | $0 | |
Aaron Lulla Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $365 |
| Total Program Service Revenue | $3,700 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,067 |
| 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 | $61 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,537 |
| Other expenses | $451 |
| Total expenses | $3,813 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $563 |
| Other assets | $0 |
| Total assets | $563 |
| Total liabilities | $0 |
| Net assets or fund balances | $563 |