Nonprofit · EIN 81-3795981
FABSCRAP INC
Tax-exempt · BROOKLYN, NY 11220
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 (amended) | $1,617,647 | $1,557,540 | $60,107 | $1,619,720 | $1,533,825 | $85,895 |
| December 31, 2023 | 990 | $1,238,779 | $1,415,358 | -$176,579 | $237,459 | $239,017 | -$1,558 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $464,555
- of which government grants
- $178,877
- Program service revenue
- $451,878
- Investment income
- $0
- Net income from fundraising events
- $97,151
- Net income from sales of inventory
- $404,888
- Other revenue
- $701,214
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $545,966
- Salaries, compensation and benefits (total)
- $583,373
- Professional fundraising fees
- $0
- Occupancy
- $309,368
- Travel
- $8,460
- Depreciation
- $10,341
- Program services (functional)
- $643,205
- Management and general (functional)
- $878,187
- Fundraising (functional)
- $36,148
Balance sheet and other
- Total assets, start of year
- $1,853,497
- Total assets, end of year
- $1,619,720
- Total liabilities, end of year
- $1,533,825
- Net assets, end of year
- $85,895
- Land, buildings and equipment
- $3,047
- Net assets without donor restrictions
- $35,895
- Net assets with donor restrictions
- $50,000
- Gross receipts
- $1,638,641
- Employees
- 21
- Volunteers
- 5,832
- Year formed
- 2016
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JESSICA SCHREIBER | CHIEF EXECUT Trustee or director | 40 | $54,930 | $8,179 |
| CAMILLE D TAGLE | DIRECTOR Officer | 40 | $54,312 | $0 |
| DAVE HIRSCHLER | CHAIRMAN Trustee or director | – | $0 | $0 |
| NICHOLAS DOMINGUEZ HOLGUIN | TREASURER Trustee or director | – | $0 | $0 |
| MARGARET BISHOP | TRUSTEE Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAMILLE D TAGLE | DIRECTOR Officer | 40 | $50,460 |
| JESSICA SCHREIBER | EXECUTIVE DI Officer | 40 | $30,888 |
| DAVE HIRSCHLER | CHAIRMAN Trustee or director | 1 | $0 |
| NICHOLAS DOMINGUEZ HOLGUIN | TREASURER Trustee or director | 1 | $0 |
| MARGARET BISHOP | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 140 58TH ST BLDG B 5H4, BROOKLYN, NY 11220-2523
- In care of
- % JESSICA DOMINGUEZ HOLGUIN
- Mailing address (990-N for 2016)
- PO BOX 7559, New York NY 10150
- Principal officer (990 for 2024)
- CAMILLE D TAGLE, 15 WILLIAM STREET, NEW YORK, NY 10005
- Principal officer (990-N for 2016)
- Jessica Schreiber, 400 E 50TH STREET APT 2H, New York NY 10022
- Signed the 990
- CAMILLE D TAGLE, DIRECTOR
- Phone
- (929) 276-3188
- Website
- www.fabscrap.org
- Return prepared by
- OGC-REWCPAS LLC
Mission
TO MAXIMIZE THE VALUE OF UNUSED FABRIC, FABSCRAP IS A CONVENIENT AND TRANSPARENT SERVICE, IS AN AFFORDABLE AND ACCESSIBLE MATERIALS RESOURCE, AND IS EDUCATING AND EMPOWERING A DIVERSE COMMUNITY OF CHANGEMAKERS.
Program accomplishments
- RECYCLING SERVICE:304,625 LBS OF FABRIC SAVED FROM LANDFILL, ADDED 52 NEW BRAND PARTNERS, 1,005 REQUESTS FOR SERVICE COMPLETED IN 2024.Expenses $342,979
- REUSE RESOURCE:: 78,999 LBS OF FABRIC REDISTRIBUTED FOR REUSE, 29,317 LBS OF FABRIC GIVEN FOR FREEExpenses $190,359
- COMMUNITY AND EDUCATION: 5,832 VOLUNTEERS, 97 EDUCATION EVENTS AND WORKSHOPS WITH A REACH OF 3,475 PEOPLEExpenses $130,861
- FABSCRAP WAS CREATED TO MEET NYC'S COMMERCIAL TEXTILE RECYCLING NEEDS. MATERIALS THAT TRADITIONALLY WOULD HAVE GONE TO LANDFILL ARE NOW BEING PROPERLY RECYCLED AND MADE AVAILABLE FOR REUSE.Expenses -$20,994
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3795981
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C27)
- Assets (IRS master file)
- $1,619,720
- Income (IRS master file)
- $1,617,647
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,238,779 | $1,415,358 | $237,459 | IRS |
| 990 | December 2022 | $1,510,101 | $1,569,068 | $398,355 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Jessica Schreiber | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about FABSCRAP INC
- What is the EIN of FABSCRAP INC?
- The employer identification number (EIN) of FABSCRAP INC is 81-3795981.
- Is FABSCRAP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to FABSCRAP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FABSCRAP 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 FABSCRAP 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 FABSCRAP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FABSCRAP INC?
- The 990 for the year ended December 31, 2024 names CAMILLE D TAGLE.
- Who are the officers and directors of FABSCRAP INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $54,930 (JESSICA SCHREIBER, CHIEF EXECUT).
- How much revenue does FABSCRAP INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,617,647, expenses of $1,557,540 and total assets of $1,619,720 at year end.
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