Overview
What is Iowa Mennonite Crowded Closet?
Iowa Mennonite Crowded Closet is a nonprofit organization that plays a significant role in supporting third-world missionary work. They accomplish this by accepting donated clothing and household items, meticulously sorting, cleaning, and repairing these items if necessary. After this process, they make these items available for purchase to the public. In cases where items go unsold, they opt for recycling. The primary source of their funding for this missionary work is derived from the majority of the net earnings generated from these sales. This nonprofit organization, located beyond the specifics provided in the information, contributes significantly to the betterment of communities in need, globally.
Official website here: www.crowdedcloset.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Iowa Mennonite Crowded Closet has received an overall score of 84%, reflecting a solid performance primarily in Accountability & Finance. The organization achieved full marks for several key areas, including an independent board structure and a strong audit and oversight committee. These strengths contribute positively to its accountability and governance practices.
However, the organization does face some limitations, particularly with missing policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which impacted its score. Additionally, while the program expense ratio is fairly high at 72.38%, the fundraising efficiency ratio is notably low, indicating potential room for improvement in fundraising strategies and costs associated.
Overall, while Iowa Mennonite Crowded Closet demonstrates a commendable commitment to accountability and has a robust financial structure, addressing its policy gaps and enhancing fundraising efficiency could further strengthen its operational effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Iowa Mennonite Crowded Closet legitimate?
Iowa Mennonite Crowded Closet is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iowa Mennonite Crowded Closet submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $538,190
For more financial information, click here
Official website here: www.crowdedcloset.org
What is the mission statement of Iowa Mennonite Crowded Closet?
Iowa Mennonite Crowded Closet's mission is centered around supporting third-world missionary work. They achieve this by accepting donated clothing and household items, meticulously sorting, cleaning, and mending them. Once prepared, these items are displayed for sale to the public. Any unsold items are recycled, and a significant portion of the earnings from sales is directed towards furthering their mission.
Official website here: www.crowdedcloset.org
Who is the CEO of Iowa Mennonite Crowded Closet?
Jonathan W Beachy is the Executive Di of Iowa Mennonite Crowded Closet.
Official website here: www.crowdedcloset.org
What is the revenue of Iowa Mennonite Crowded Closet?
Iowa Mennonite Crowded Closet's revenue in 2022 was $1,718,625.
Official website here: www.crowdedcloset.org
Who are the executives of Iowa Mennonite Crowded Closet and what are their salaries?
The average compensation at Iowa Mennonite Crowded Closet during 2022 was $23,400. There are 23 employees and 300 volunteers at Iowa Mennonite Crowded Closet.
Here are 11 key members and their salaries:
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Official website here: www.crowdedcloset.org
Where can I find the form 990 for Iowa Mennonite Crowded Closet?
Iowa Mennonite Crowded Closet's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crowdedcloset.org
Learn more at the official website: www.crowdedcloset.org
Mission Statement of Iowa Mennonite Crowded Closet
The Iowa Mennonite Crowded Closet is an organization dedicated to supporting third-world missionary work. They accomplish this mission by accepting donated clothing and household items, meticulously sorting, cleaning, and mending these items, and then displaying them for sale to the general public. The ultimate goal is to generate revenue through these sales. The unsold items are recycled, and a significant portion of the net profits from these sales is directed towards furthering their mission. In essence, the Iowa Mennonite Crowded Closet serves as a bridge, connecting the excess items of one community with the needs of another, thereby contributing to the broader missionary endeavors.
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Impact
July, 2024
Iowa Mennonite Crowded Closet's impact is significant in supporting third-world missionary work. Through receiving donated clothing and household items, they are able to generate funds by sorting, cleaning, mending, and selling these items to the public. The net proceeds from these sales are then sent towards their mission of supporting third-world missionary work. By recycling unsold items and utilizing the funds generated, Iowa Mennonite Crowded Closet is able to make a tangible difference in furthering their mission and providing support to those in need in third-world countries.
This information is meant to be a general summary of Iowa Mennonite Crowded Closet. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28
- Gross Receipts: $1,742,113
Assets and Liabilities:
- Total Assets: $4,108,471
- Total Liabilities: $1,931,065
- Net Assets: $2,177,406
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Organization Details
Founding Year
1983
Phone
(319) 337-5924Principal Officer
Jonathan W Beachy
Main Address
851 HWY 6 E STE 101, IOWA CITY, IA, 52240
Website
www.crowdedcloset.orgNTEE Category
Code: Q33Z - International
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