Skip to content
Nonprofiteer
← NEW LIFE FURNITURE INC

Form 990 for tax year 2022

Filed by NEW LIFE FURNITURE INC.

Totals

Total revenue
$2,092,535
Total expenses
$2,047,703
Contributions and grants received
$728,236
Grants paid
$0
Program service revenue
$1,269,120
Investment income
$121
Other revenue
$95,058
Total assets, end of year
$3,257,278
Total liabilities, end of year
$2,476,529
Net assets or fund balances, end of year
$780,749
Program services expenses (Part IX)
$1,910,002
Management and general expenses
$99,757
Fundraising expenses
$37,944
Program service expenses (Part III)
$1,910,002

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $728,236

  • 2a · Program service revenue: DELIVERY FEES

    total $653,048 · related or exempt $653,048

  • 2b · Program service revenue: THRIFT STORE SALE

    total $450,572 · related or exempt $450,572

  • 2c · Program service revenue: FURNITURE SALES

    total $134,550 · related or exempt $134,550

  • 2d · Program service revenue: AGENCY FEES

    total $30,950 · related or exempt $30,950

  • 3 · Investment income

    total $121 · excluded $121

  • 8a · Fundraising events: gross income

    $148,191

  • 8b · Fundraising events: direct expenses

    $65,197

  • 8c · Net income from fundraising events

    total $82,994 · excluded $82,994

  • 11a · Other revenue: OTHER INCOME

    total $12,064 · related or exempt $12,064

  • 11e · Other revenue, total

    $12,064

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $100,234 · program services $88,784 · management and general $7,807 · fundraising $3,643

  • 7 · Other salaries and wages

    total $836,441 · program services $740,890 · management and general $65,151 · fundraising $30,400

  • 8 · Pension plan contributions

    total $40,172 · program services $35,583 · management and general $3,129 · fundraising $1,460

  • 10 · Payroll taxes

    total $74,728 · program services $66,762 · management and general $5,525 · fundraising $2,441

  • 11c · Fees: accounting

    total $13,075 · management and general $13,075

  • 11g · Fees: other

    total $51,166 · program services $51,166

  • 12 · Advertising and promotion

    total $71,848 · program services $71,848

  • 13 · Office expenses

    total $10,250 · program services $10,250

  • 14 · Information technology

    total $28,832 · program services $28,832

  • 16 · Occupancy

    total $269,901 · program services $269,901

  • 17 · Travel

    total $9,819 · program services $9,819

  • 20 · Interest

    total $5,070 · management and general $5,070

  • 22 · Depreciation, depletion and amortization

    total $36,060 · program services $36,060

  • 23 · Insurance

    total $24,722 · program services $24,722

  • 24a · Other expenses: PURCHASED FURNITURE

    total $160,328 · program services $160,328

  • 24b · Other expenses: PROFESSIONAL FEES

    total $93,992 · program services $93,992

  • 24c · Other expenses: FUEL

    total $55,008 · program services $55,008

  • 24d · Other expenses: PROGRAM SUPPLIES

    total $45,624 · program services $45,624

  • 24e · All other expenses

    total $120,433 · program services $120,433

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $680,195 · end of year $608,630

  • 4 · Accounts receivable

    beginning of year $144,930 · end of year $72,195

  • 8 · Inventories for sale or use

    beginning of year $43,840 · end of year $112,257

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $12,452

  • 10a · Land, buildings and equipment: cost or other basis

    $287,895

  • 10b · Land, buildings and equipment: accumulated depreciation

    $105,260

  • 10c · Land, buildings and equipment, net

    beginning of year $68,505 · end of year $182,635

  • 11 · Investments: publicly traded securities

    beginning of year $7,349 · end of year $13,628

  • 15 · Other assets

    beginning of year $0 · end of year $2,255,481

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,726 · end of year $55,385

  • 19 · Deferred revenue

    beginning of year $33,993 · end of year $44,750

  • 25 · Other liabilities

    beginning of year $149,900 · end of year $2,376,394

  • 27 · Net assets without donor restrictions

    beginning of year $587,540 · end of year $664,248

  • 28 · Net assets with donor restrictions

    beginning of year $156,660 · end of year $116,501

Mission and programs · 2022

Mission

TO PROVIDE GENTLY USED FURNITURE TO PEOPLE IN NEED. NLFB SERVES INDIVIDUALS IN NEED THROUGH A NETWORK OF SOCIAL SERVICE AGENCIES THAT PROVIDE DIRECT SUPPORTIVE SERVICES TO THOSE OVERCOMING HOMELESSNESS, DOMESTIC ABUSE, EXTREME POVERTY, AND/OR OTHER DEVASTATING CIRCUMSTANCES. THESE ARE INDIVIDUALS WHO ARE UNABLE TO PHYSICALLY AND/OR FINANCIALLY SECURE FURNITURE AND HOUSEHOLD ITEMS FOR THEIR HOMES WHEN STARTING OVER.

Activities or mission (Part I)

TO PROVIDE GENTLY USED FURNITURE TO PEOPLE IN NEED.

  • COLLECTION AND DISTRIBUTION OF LIGHTLY USED FURNITURE TO INDIVIUDALS AND FAMILIES THROUGHOUT THE GREATER CINCINNATI AREA.

    Expenses $1,910,002 · Revenue $965,474

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Don Lane

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Marge Putman

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michael Menichetti

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kristen Elia

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Juwana Hall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John Krehbiel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ann Lafferty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Liz Prebles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Tricia Reynolds

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Bonita Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Steven Elliot

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Michael Kroger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Dana Saxton

    EXECUTIVE DIRECTOR

    Total calculated
    $107,750
    From this org
    $100,234
    From related orgs
    $0
    Other
    $7,516
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349323687

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.