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Nonprofiteer
← BOTTOMLESS CLOSET

Form 990 for tax year 2022

Filed by BOTTOMLESS CLOSET.

Totals

Total revenue
$1,097,525
Total expenses
$1,363,803
Contributions and grants received
$1,365,618
Grants paid
$0
Program service revenue
$0
Investment income
-$208,645
Other revenue
-$59,448
Total assets, end of year
$3,307,236
Total liabilities, end of year
$1,501,585
Net assets or fund balances, end of year
$1,805,651
Program services expenses (Part IX)
$953,787
Management and general expenses
$220,370
Fundraising expenses
$189,646
Program service expenses (Part III)
$953,787

Program services were 69.9% 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

    $540,566

  • 1e · Government grants (contributions)

    $20,532

  • 1f · All other contributions, gifts and grants

    $804,520

  • 1g · Noncash contributions included above

    $46,274

  • 3 · Investment income

    total $37,344 · excluded $37,344

  • 7a · Gross sales of assets other than inventory

    securities $1,322,953

  • 7b · Less cost or other basis and sales expenses

    securities $1,568,942

  • 7c · Gain or loss

    securities -$245,989

  • 7d · Net gain or loss

    total -$245,989 · excluded -$245,989

  • 8a · Fundraising events: gross income

    $39,625

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

    $540,566

  • 8b · Fundraising events: direct expenses

    $152,119

  • 8c · Net income from fundraising events

    total -$112,494 · excluded -$112,494

  • 10a · Gross sales of inventory

    $53,046

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $53,046 · related or exempt $53,046

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $199,002 · program services $149,648 · management and general $19,900 · fundraising $29,454

  • 7 · Other salaries and wages

    total $453,318 · program services $339,989 · management and general $45,332 · fundraising $67,997

  • 9 · Other employee benefits

    total $54,036 · program services $43,228 · management and general $5,404 · fundraising $5,404

  • 10 · Payroll taxes

    total $55,026 · program services $41,277 · management and general $5,500 · fundraising $8,249

  • 11c · Fees: accounting

    total $38,757 · management and general $38,757

  • 11g · Fees: other

    total $13,367 · management and general $13,367

  • 12 · Advertising and promotion

    total $25,081 · program services $21,319 · fundraising $3,762

  • 13 · Office expenses

    total $92,857 · program services $81,351 · management and general $3,969 · fundraising $7,537

  • 14 · Information technology

    total $44,559 · program services $40,104 · management and general $890 · fundraising $3,565

  • 16 · Occupancy

    total $299,859 · program services $219,284 · management and general $74,804 · fundraising $5,771

  • 22 · Depreciation, depletion and amortization

    total $3,111 · management and general $3,111

  • 23 · Insurance

    total $7,027 · program services $6,675 · management and general $176 · fundraising $176

  • 24a · Other expenses: EVENTS

    total $57,671 · fundraising $57,671

  • 24b · Other expenses: BANK CHARGES AND PROCES

    total $9,100 · management and general $9,100

  • 24c · Other expenses: SUPPLIES

    total $6,423 · program services $6,363 · management and general $30 · fundraising $30

  • 24d · Other expenses: EQUIPMENT

    total $2,952 · program services $2,892 · management and general $30 · fundraising $30

  • 24e · All other expenses

    total $1,657 · program services $1,657

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $187,913 · end of year $92,983

  • 2 · Savings and temporary cash investments

    beginning of year $95,114 · end of year $114,654

  • 3 · Pledges and grants receivable

    beginning of year $10,000 · end of year $10,032

  • 4 · Accounts receivable

    beginning of year $13,919

  • 8 · Inventories for sale or use

    beginning of year $82,000 · end of year $82,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,309 · end of year $29,082

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

    $14,260

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

    $2,578

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $11,682

  • 11 · Investments: publicly traded securities

    beginning of year $1,582,183 · end of year $1,577,372

  • 14 · Intangible assets

    beginning of year $3,202 · end of year $2,669

  • 15 · Other assets

    beginning of year $0 · end of year $1,386,762

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,657 · end of year $45,790

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,455,795

  • 27 · Net assets without donor restrictions

    beginning of year $1,986,483 · end of year $1,785,651

  • 28 · Net assets with donor restrictions

    beginning of year $12,500 · end of year $20,000

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO REDUCE THE BARRIERS NEW YORK CITY WOMEN FACE IN THE SEARCH FOR EMPLOYMENT AS WELL AS PROVIDE ON-GOING SUPPORT AND EDUCATION SO THAT THEY GAIN THE TOOLS TO SUCCEED IN THEIR PROFESSIONAL LIVES. THE ORGANIZATION OFFERS AN INNOVATIVE APPROACH TO WORKFORCE PREPARATION FOR DISADVANTAGED NEW YORK CITY WOMEN TRANSITIONING FROM UNEMPLOYMENT AND PUBLIC ASSISTANCE TO WORK.

Activities or mission (Part I)

TO REDUCE THE BARRIERS NEW YORK CITY WOMEN FACE IN THE SEARCH FOR EMPLOYMENT.

  • THE MAIN PROGRAM OFFERED BY THE ORGANIZATION INCLUDES THE SELECTION OF HIGH QUALITY INTERVIEW ATTIRE, RESUME REVIEW/PREPARATION AND INTERVIEW COACHING AS WELL AS A BROAD WORKSHOP CURRICULUM THAT PROMOTES PROFESSIONAL DEVELOPMENT, FINANCIAL MANAGEMENT AND PERSONAL ENRICHMENT.

    Expenses $953,787

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • LISA PRIMEGGIA

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • AMANDA NUSSBAUM

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • NANCY OBLER

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • DIANE KENNEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • KAREN HEATH WADE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHERINE DAVISSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATIE WATKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • YASMIN IBRAHIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANDREA LOWENTHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAIGE ROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEBRA WASHINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH LAWLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY MCNAMARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SHIRIN TREHAN TOOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNE BLACKMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLYN HUGGINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MELISSA NORDEN

    EXECUTIVE DIRECTOR

    Total calculated
    $199,002
    From this org
    $191,078
    From related orgs
    $0
    Other
    $7,924
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $191,078
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,924
    Filer's total
    $199,002

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349324971

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