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Nonprofiteer
← COMMUNITY CLOSET INC

Form 990 for tax year 2023

Filed by COMMUNITY CLOSET INC.

Totals

Total revenue
$1,243,173
Total expenses
$897,011
Contributions and grants received
$157,174
Grants paid
$128,320
Program service revenue
$0
Investment income
$8,749
Other revenue
$1,077,250
Total assets, end of year
$987,636
Total liabilities, end of year
$2,003
Net assets or fund balances, end of year
$985,633
Program services expenses (Part IX)
$829,361
Management and general expenses
$67,650
Fundraising expenses
$0
Program service expenses (Part III)
$829,361

Program services were 92.5% 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.

  • 1f · All other contributions, gifts and grants

    $157,174

  • 3 · Investment income

    total $8,749 · related or exempt $8,749

  • 6a · Gross rents

    real property $15,000

  • 6b · Less rental expenses

    real property $9,438

  • 6c · Rental income or loss

    real property $5,562

  • 6d · Net rental income or loss

    total $5,562 · unrelated business $5,562

  • 10a · Gross sales of inventory

    $1,071,688

  • 10c · Net income from sales of inventory

    total $1,071,688 · related or exempt $1,071,688

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $128,320 · program services $128,320

  • 5 · Compensation of officers, directors and key employees

    total $79,273 · program services $39,636 · management and general $39,637

  • 7 · Other salaries and wages

    total $415,157 · program services $415,157

  • 8 · Pension plan contributions

    total $5,527 · program services $5,527

  • 9 · Other employee benefits

    total $14,651 · program services $14,651

  • 10 · Payroll taxes

    total $40,586 · program services $40,586

  • 11b · Fees: legal

    total $6,023 · management and general $6,023

  • 11c · Fees: accounting

    total $9,144 · management and general $9,144

  • 11g · Fees: other

    total $771 · program services $771

  • 12 · Advertising and promotion

    total $8,758 · program services $8,758

  • 13 · Office expenses

    total $7,142 · program services $4,949 · management and general $2,193

  • 16 · Occupancy

    total $141,220 · program services $141,220

  • 19 · Conferences, conventions and meetings

    total $8,430 · program services $8,430

  • 22 · Depreciation, depletion and amortization

    total $4,693 · program services $4,693

  • 23 · Insurance

    total $27,316 · program services $16,663 · management and general $10,653

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $290,290 · end of year $616,205

  • 2 · Savings and temporary cash investments

    beginning of year $240,830 · end of year $231,956

  • 10a · Land, buildings and equipment: cost or other basis

    $243,566

  • 10b · Land, buildings and equipment: accumulated depreciation

    $104,091

  • 10c · Land, buildings and equipment, net

    beginning of year $109,738 · end of year $139,475

  • 25 · Other liabilities

    beginning of year $1,387 · end of year $2,003

  • 27 · Net assets without donor restrictions

    beginning of year $639,471 · end of year $985,633

Mission and programs · 2023

Mission

OPERATE A THRIFT STORE TO RAISE FUNDS FOR LOCAL CHARITIES

Activities or mission (Part I)

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.

  • RAISE FUNDS THROUGH OPERATING A THRIFT STORE TO DONATE TO LOCAL CHARITIES IN PARK COUNTY MONTANA. SINCE INCEPTION, THE ORGANIZATION HAS DONATED OVER 868,000 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 QUICKLY FUND PROGRAMS WITH SPECIFIC NEEDS. TWO OTHER IMPORTANT FUNCTIONS ARE PROVIDING CLOTHING AND HOUSEHOLD GOODS AT REDUCED RATES TO LOCAL HOUSEHOLDS, AS WELL AS KEEPING HUNDREDS OF TONS OF TRASH FROM LANDFILLS THROUGH RE-USE AND RECYCLING. THE ORGANIZATION OPERATES TWO LOCATIONS IN DOWNTOWN LIVINGSTON. IN ADDITION TO THE MAIN THRIFT CENTER A SECOND LOCATION CURATES HIGHER-END GOODS IN A MORE TYPICAL RETAIL STORE ATMOSPHERE. THE ORGANIZATION WAS ABLE TO GIVE OUT 128,000 IN GRANTS TO COMMUNITY NONPROFITS IN 2023.

    Expenses $829,361 · Grants $128,320

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ruth Caron Cooper

    CEO

    Total calculated
    $79,273
    From this org
    $79,273
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Gayle Kamps

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Janene Molebash

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    2

  • Mary Murphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kevin Tenpas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sue Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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

Provenance

Return type
form_990
Tax year
2023
Filed
4 October 2024
IRS schema version
2023v5.0
Source object
202432829349300038

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