Form 990 for tax year 2022
Filed by SPREADING THREADS CLOTHING BANK.
Totals
- Total revenue
- $205,330
- Total expenses
- $212,873
- Contributions and grants received
- $185,312
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $12
- Other revenue
- $20,006
- Total assets, end of year
- $477,625
- Total liabilities, end of year
- $354,158
- Net assets or fund balances, end of year
- $123,467
- Program services expenses (Part IX)
- $212,873
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $212,873
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.
-
1e · Government grants (contributions)
$10,035
-
1f · All other contributions, gifts and grants
$175,277
-
3 · Investment income
total $12 · related or exempt $12
-
11a · Other revenue: REBATE
total $6 · related or exempt $6
-
11b · Other revenue: SALE OF CUPBOARDS
total $20,000 · related or exempt $20,000
-
11e · Other revenue, total
$20,006
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $23,388 · program services $23,388
-
10 · Payroll taxes
total $2,096 · program services $2,096
-
11c · Fees: accounting
total $1,548 · program services $1,548
-
12 · Advertising and promotion
total $8,994 · program services $8,994
-
16 · Occupancy
total $9,929 · program services $9,929
-
20 · Interest
total $11,045 · program services $11,045
-
22 · Depreciation, depletion and amortization
total $6,102 · program services $6,102
-
23 · Insurance
total -$1,642 · program services -$1,642
-
24a · Other expenses: APPRAISED REVIEW
total $250 · program services $250
-
24b · Other expenses: BANK FEES
total $93 · program services $93
-
24c · Other expenses: BUILDING MX & REPAIR
total $72,593 · program services $72,593
-
24d · Other expenses: CLOTHING
total $46,243 · program services $46,243
-
24e · All other expenses
total $32,234 · program services $32,234
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $63,727
-
10a · Land, buildings and equipment: cost or other basis
$420,000
-
10b · Land, buildings and equipment: accumulated depreciation
$6,102
-
10c · Land, buildings and equipment, net
end of year $413,898
-
24 · Unsecured notes and loans payable
end of year $363,922
-
25 · Other liabilities
end of year -$9,764
-
31 · Retained earnings, endowment or other funds
end of year $123,467
Mission and programs · 2022
Mission
PROVIDE NEW AND USED CLOTHING TO FOSTER/ADOPTIVE AND KINSHIP FAMILIES IN SOUTHERN ARIZONA IN ORDER TO DECREASE THEIR FINANCIAL BURDEN AND PROVIDE CLOTHING THAT CHILDREN FEEL GOOD WEARING
-
PROVIDED NEW AND USED CLOTHING TO SEVERAL FOSTER AND ADOPTIVE FAMILIES IN 2022 THAT HELPED REDUVS THE FINANCIAL BURDEN ON THESE FAMILIES
Expenses $212,873 · Revenue $205,330
As filed on the 2022 return.
Listed in Part VII
-
MARY SPRINGER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
BETH MCABEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
SANDY LAROWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
MARY HERNANDEZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
MICHELE BENNETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
ANNA PHILLIPS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
SHARON BENNETT
TREASURER
- Total calculated
- $0
- Hours/week
- 10
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
- 2022
- Filed
- 12 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321039349301127
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