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Nonprofit · EIN 81-3081944

CLOSET INC

Tax-exempt · BOISE, ID 83704

Financials

$77K$74K2023$84K$82K2024
Revenue Expenses · by fiscal year end
Financials of CLOSET INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$83,583$81,537$2,046$95,453$728$94,725
December 31, 2023990-EZ$76,847$74,289$2,558$93,330$651$92,679
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$82,735
Investment income
$848

Expenses

Compensation of officers, directors and key employees
$24,000
Salaries, compensation and benefits (total)
$38,754
Professional fees and payments to contractors
$1,580
Occupancy
$29,307
Printing, publications and postage
$718
Other expenses
$11,178
Program services (functional)
$81,537

Balance sheet and other

Total assets, start of year
$93,330
Total assets, end of year
$95,453
Total liabilities, end of year
$728
Net assets, end of year
$94,725
Cash, savings and investments
$90,206
Gross receipts
$83,583

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Kelly McMurryPresident30$24,000
Matthew McMurrySecretary2$0
Karyn McKinneyTreasurer1$0
Shawn SchnikerDirector1$0
Cathy WrightDirector1$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Kelly McMurryPresident30$24,000
Matthew McMurrySecretary2$0
Karyn McKinneyTreasurer1$0
Shawn SchnikerDirector1$0
Cathy WrightDirector1$0

Address and contacts

Address (IRS master file)
10338 W FAIRVIEW AVE, BOISE, ID 83704-8013
Mailing address (990-N for 2019)
10338 W Fairview Ave, Boise ID 83704
Principal officer (990-N for 2019)
Kelly McMurry, 10338 W Fairview Ave, Boise ID 83704
Signed the 990-EZ
Karyn McKinney, Treasurer
Phone
(208) 409-0204

Mission

Providing free clothes to teens in need. Ada County teens in grades 6-12 hear about The Closet through their school counselors, juvenile corrections case managers, homeless shelters, and other local agencies. Our goal is to clothe our young clients in items they feel proud to wear and help them choose those perfect items that will build their confidence and help them engage with the world in a more meaningful way.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • Providing free clothes to teens in need by providing a storefront and personalized shopping experience that allows each teen to leave with 12 new/gently used items, including 2 pairs of shoes! The Closet served 1031 teens in 2024.
    Expenses $81,537

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
81-3081944
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P60)
Assets (IRS master file)
$95,453
Income (IRS master file)
$83,583

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$83,583$81,537$95,453IRS
990-EZDecember 2023$76,847$74,289$93,330XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-N for 2019
Officer: Kelly McMurry
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-3081944).

Questions about CLOSET INC

What is the EIN of CLOSET INC?
The employer identification number (EIN) of CLOSET INC is 81-3081944.
Is CLOSET INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to CLOSET INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CLOSET INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CLOSET INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CLOSET INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of CLOSET INC?
The 990-N for 2019 names Kelly McMurry.
Who are the officers and directors of CLOSET INC?
The 990-EZ for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $24,000 (Kelly McMurry, President).
How much revenue does CLOSET INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $83,583, expenses of $81,537 and total assets of $95,453 at year end.

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