Overview
What is The Closet Of The Greater Herndon Area Inc?
The Closet of the Greater Herndon Area Inc. is a nonprofit organization situated in Herndon, Virginia. Their primary activity involves operating a thrift shop, where they sell donated items. The proceeds from these sales are used for charitable purposes, thereby contributing to various local charities. Additionally, the organization offers scholarships to high school students from the area, allowing them to select the scholarship recipients. With a team of 31 dedicated individuals, The Closet of the Greater Herndon Area Inc. serves as a significant contributor to the local community, both through its charitable donations and educational support.
Official website here: www.theclosetofgreaterherndon.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26%
The Closet Of The Greater Herndon Area Inc has received a notably low rating of 26%, resulting in a Zero-Star out of Four Star rating. This score reflects significant concerns regarding the charity's accountability and financial practices. The absence of independent board members and the lack of publicly available financial statements contribute to a transparency deficit that raises questions about the organization's governance.
While the charity does have certain policies in place, such as a conflict of interest policy and a whistleblower policy, the overall financial health is concerning. The program expense ratio stands at only 14.67%, indicating that a minimal portion of the funds is being allocated towards its programs, which is well below the expectations for a nonprofit organization. Additionally, the charity's liabilities to assets ratio is reported at 0.00%, further complicating the financial picture.
Overall, while The Closet Of The Greater Herndon Area Inc has some foundational policies established, its lack of independent oversight and critical financial transparency issues significantly undermine its credibility as a nonprofit. Prospective donors and supporters may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Closet Of The Greater Herndon Area Inc legitimate?
The Closet Of The Greater Herndon Area Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Closet Of The Greater Herndon Area Inc 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: $570,539
For more financial information, click here
Official website here: www.theclosetofgreaterherndon.org
What is the mission statement of The Closet Of The Greater Herndon Area Inc?
The Closet of the Greater Herndon Area Inc operates as a thrift shop, selling donated items. The primary purpose of this venture is to generate revenue, which is then donated to various charities. Beyond this, the organization also awards scholarships to local high schools, allowing them to select the scholarship recipients. By selling donated items and donating the proceeds, The Closet of the Greater Herndon Area Inc contributes to numerous charitable causes and supports the education of deserving students in the community.
Official website here: www.theclosetofgreaterherndon.org
Who is the CEO of The Closet Of The Greater Herndon Area Inc?
Gene Wiley is the President of The Closet Of The Greater Herndon Area Inc.
Official website here: www.theclosetofgreaterherndon.org
What is the revenue of The Closet Of The Greater Herndon Area Inc?
The Closet Of The Greater Herndon Area Inc's revenue in 2022 was $1,181,973.
Official website here: www.theclosetofgreaterherndon.org
Who are the executives of The Closet Of The Greater Herndon Area Inc and what are their salaries?
The average compensation at The Closet Of The Greater Herndon Area Inc during 2022 was $18,404. There are 31 employees and 531 volunteers at The Closet Of The Greater Herndon Area Inc.
Here are 6 key members and their salaries:
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- Other: $0
Official website here: www.theclosetofgreaterherndon.org
Where can I find the form 990 for The Closet Of The Greater Herndon Area Inc?
The Closet Of The Greater Herndon Area Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theclosetofgreaterherndon.org
Learn more at the official website: www.theclosetofgreaterherndon.org
Mission Statement of The Closet Of The Greater Herndon Area Inc
The Closet of the Greater Herndon Area Inc, a thrift shop, plays a significant role in the community by selling donated items. The primary mission of this organization is multifaceted. Firstly, it generates revenue by selling these donated items, which are then channeled towards various charitable causes. Secondly, the shop provides scholarships to local high schools, allowing them to select recipients for these educational awards. By carrying out these activities, The Closet of the Greater Herndon Area Inc contributes to the betterment of its community, supporting numerous charities and assisting deserving students in their educational pursuits.
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Impact
July, 2024
The Closet Of The Greater Herndon Area Inc's impact is significant in the local community of Herndon, VA. By operating as a thrift shop that sells donated items and channels its net revenue towards various charities, this organization plays a crucial role in supporting important causes. Additionally, their commitment to providing scholarships to local high schools further demonstrates their dedication to empowering the youth in the area. Through their efforts, The Closet makes a tangible difference in the lives of others, contributing to the betterment of the community and the support of essential human services.
This information is meant to be a general summary of The Closet Of The Greater Herndon Area Inc. 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.
- Gross Receipts: $1,181,973
Assets and Liabilities:
- Total Assets: $1,886,516
- Total Liabilities: $0
- Net Assets: $1,886,516
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Organization Details
Founding Year
1974
Phone
(703) 437-7652Principal Officer
Gene Wiley
Main Address
P O BOX 42, Herndon, VA, 201720042
NTEE Category
Code: P20 - Human services
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