Nonprofit · EIN 81-3081944
CLOSET INC
Tax-exempt · BOISE, ID 83704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $83,583 | $81,537 | $2,046 | $95,453 | $728 | $94,725 |
| December 31, 2023 | 990-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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly McMurry | President | 30 | $24,000 |
| Matthew McMurry | Secretary | 2 | $0 |
| Karyn McKinney | Treasurer | 1 | $0 |
| Shawn Schniker | Director | 1 | $0 |
| Cathy Wright | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly McMurry | President | 30 | $24,000 |
| Matthew McMurry | Secretary | 2 | $0 |
| Karyn McKinney | Treasurer | 1 | $0 |
| Shawn Schniker | Director | 1 | $0 |
| Cathy Wright | Director | 1 | $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
- Website
- www.theclosetinc.org
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.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-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
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $83,583 | $81,537 | $95,453 | IRS |
| 990-EZ | December 2023 | $76,847 | $74,289 | $93,330 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 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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