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Nonprofit · EIN 85-1036971

THE ANKENY KLOTHING EXCHANGE

Also known as TAKE

Tax-exempt · ANKENY, IA 50021

Financials

$127K$31K2023$120K$265K2024
Revenue Expenses · by fiscal year end
Financials of THE ANKENY KLOTHING EXCHANGE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$119,709$264,784-$145,075$525,455$294,263$231,192
December 31, 2023990-EZ$126,672$30,825$95,847$175,530–$175,530
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$118,826
Program service revenue
$0
Investment income
$883
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$375
Occupancy
$256,671
Program services (functional)
$264,784

Balance sheet and other

Total assets, start of year
$175,530
Total assets, end of year
$525,455
Total liabilities, end of year
$294,263
Net assets, end of year
$231,192
Land, buildings and equipment
$495,000
Net assets without donor restrictions
$231,192
Gross receipts
$119,709
Employees
0
Volunteers
15
Year formed
2020
State of legal domicile
IA

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.

NameTitleHours / weekCompensation
Lu Ann BarnesSecretary/Treasurer
Trustee or director, Officer
30$0
Jerry LindePresident
Trustee or director, Officer
30$0
Megan SansDirector
Trustee or director
1$0
Lori LovstadDirector
Trustee or director
1$0
Mary StoltenbergDirector
Trustee or director
1$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Lu Ann BarnesSecretary/Treasurer30$0
Jerry LindePresident30$0
Bette HoneckDirector1$0
Lori LovstadDirector1$0
Mary StoltenbergDirector1$0

Address and contacts

Address (IRS master file)
105 E 1ST ST, ANKENY, IA 50021-1727
In care of
% LU ANN BARNES
Mailing address (990-N for 2022)
718 NE Grant Suite 102, Ankeny IA 50021
Principal officer (990 for 2024)
Jerry Linde, 105 E 1st Street, Ankeny, IA 50021
Principal officer (990-N for 2022)
Jerry Linde, 905 SE 5th, Ankeny IA 50021
Signed the 990
Jerry Linde, President
Phone
(515) 207-9707
Return prepared by
Charles L Telk Jr CPA

Mission

To provide free clothing and household goods to those in need.

990 for the year ended December 31, 2024

Program accomplishments

  • Organization has provided tens of thousands in free clothing and household goods to underprivileged and impoverished persons.
    Expenses $264,784

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 on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
85-1036971
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P29)
Assets (IRS master file)
$525,455
Income (IRS master file)
$119,709

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$119,709$264,784$525,455IRS
990-EZDecember 2023$126,672$30,825$175,530XML
990-N for 2022
Officer: Jerry Linde
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: Jerry Linde
December 31, 2020≤ $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 85-1036971).

Questions about THE ANKENY KLOTHING EXCHANGE

What is the EIN of THE ANKENY KLOTHING EXCHANGE?
The employer identification number (EIN) of THE ANKENY KLOTHING EXCHANGE is 85-1036971.
Is THE ANKENY KLOTHING EXCHANGE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to THE ANKENY KLOTHING EXCHANGE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE ANKENY KLOTHING EXCHANGE 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 THE ANKENY KLOTHING EXCHANGE 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 THE ANKENY KLOTHING EXCHANGE 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 THE ANKENY KLOTHING EXCHANGE?
The 990 for the year ended December 31, 2024 names Jerry Linde.
Who are the officers and directors of THE ANKENY KLOTHING EXCHANGE?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does THE ANKENY KLOTHING EXCHANGE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $119,709, expenses of $264,784 and total assets of $525,455 at year end.

Other nonprofits in ANKENY

All nonprofits in ANKENY · Iowa · Human services