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Nonprofiteer
← GRACES CLOSET

Form 990 for tax year 2025

Filed by GRACES CLOSET.

Totals

Total revenue
$405,969
Total expenses
$257,271
Contributions and grants received
$405,623
Grants paid
$0
Program service revenue
$0
Investment income
$346
Other revenue
$0
Total assets, end of year
$470,718
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$470,718
Program services expenses (Part IX)
$257,271
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$257,271

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $405,623

  • 3 · Investment income

    total $346 · related or exempt $346

  • 8a · Fundraising events: contributions included on line 1c

    $405,623

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $42,052 · program services $42,052

  • 10 · Payroll taxes

    total $3,217 · program services $3,217

  • 11c · Fees: accounting

    total $565 · program services $565

  • 24a · Other expenses: clothingshoes

    total $156,664 · program services $156,664

  • 24b · Other expenses: fundraiser expense

    total $15,685 · program services $15,685

  • 24c · Other expenses: marketingoffice

    total $18,202 · program services $18,202

  • 24d · Other expenses: supplies

    total $10,888 · program services $10,888

  • 24e · All other expenses

    total $9,998 · program services $9,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,442 · end of year $12,566

  • 2 · Savings and temporary cash investments

    beginning of year $314,578 · end of year $458,152

  • 27 · Net assets without donor restrictions

    beginning of year $322,020 · end of year $470,718

Mission and programs · 2025

Mission

provides necessities for school students

  • Graces Closet helps students build self confidence and exceed both in and out of school by providing basic resources such as clothing, hygiene items, school supplies and food

    Expenses $257,271

As filed on the 2025 return.

Listed in Part VII

  • Julie-ann Shannon

    Director

    Total calculated
    $42,052
    From this org
    $42,052
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
29 April 2026
IRS schema version
2025v4.1
Source object
202611249349301841

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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