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Nonprofiteer
← STOREHOUSE OF COMMUNITY RESOURCES

Form 990 for tax year 2022

Filed by STOREHOUSE OF COMMUNITY RESOURCES.

Totals

Total revenue
$3,698,481
Total expenses
$3,638,350
Contributions and grants received
$3,593,763
Grants paid
$0
Program service revenue
$104,718
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,861,886
Total liabilities, end of year
$5,177
Net assets or fund balances, end of year
$3,856,709
Program services expenses (Part IX)
$3,582,563
Management and general expenses
$55,787
Fundraising expenses
$0
Program service expenses (Part III)
$3,582,563

Program services were 98.5% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $3,593,763

  • 1g · Noncash contributions included above

    $3,340,045

  • 2a · Program service revenue: Program operating reveneue

    total $104,718 · related or exempt $104,718 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $40,840 · program services $0 · management and general $40,840 · fundraising $0

  • 7 · Other salaries and wages

    total $98,995 · program services $98,995 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $12,078 · program services $8,826 · management and general $3,252 · fundraising $0

  • 11a · Fees: management

    total $22,238 · program services $22,238 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $34,135 · program services $34,135 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,861 · program services $1,861 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $3,945 · program services $3,945 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $6,568 · program services $6,568 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $2,123 · program services $2,123 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $5,050 · program services $5,050 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $4,442 · program services $4,442 · management and general $0 · fundraising $0

  • 24a · Other expenses: Freight

    total $31,540 · program services $31,540 · management and general $0 · fundraising $0

  • 24b · Other expenses: Supplies

    total $10,994 · program services $8,944 · management and general $2,050

  • 24c · Other expenses: Product acquisition

    total $5,289 · program services $5,289 · management and general $0 · fundraising $0

  • 24d · Other expenses: Business Expenses

    total $18,207 · program services $8,562 · management and general $9,645 · fundraising $0

  • 24e · All other expenses

    total $3,340,045 · program services $3,340,045 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,530 · end of year $50,498

  • 2 · Savings and temporary cash investments

    beginning of year $3,000 · end of year $154,989

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $5,572,110 · end of year $3,656,399

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $21,500

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

    $21,500

  • 10c · Land, buildings and equipment, net

    beginning of year $10,558 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,909 · end of year $5,177

  • 18 · Grants payable

    beginning of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,712,289 · end of year $3,856,709

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

The Storehouse will become THE source for improving the effectiveness of organizations working to fight poverty through sustainable housing, workforce development, and education and for individuals and corporations seeking to maximize the power of their giving to end poverty and suffering.

Activities or mission (Part I)

Reduce poverty for at risk families by redistributing donated household and office goods to non-profit organizations and schools located in low income areas with the same focus.

  • Continued to grow the The StoreHouse Warehouse, and Teacher Resource Store and obtained $3.3 million in donated product and committed / distributed $6.2 million to 200 non-profit partners and 200 poverty based education buildings with about 1000 teachers with impact to nearly 200,000 adults and children.

    Expenses $3,582,563 · Revenue $3,698,481

As filed on the 2022 return.

Listed in Part VII

  • Jessica Johns

    Executive Director

    Total calculated
    $40,840
    From this org
    $40,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Scot Fay

    Director

    Total calculated
    $0
    Hours/week
    5

  • Lisa Hunter

    Director

    Total calculated
    $0
    Hours/week
    10

  • Nora Ruder

    Treasurer

    Total calculated
    $0
    Hours/week
    15

  • Beth Dornan

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Kelly Hollinsworth

    Director

    Total calculated
    $0
    Hours/week
    5

  • Leonard Iakiri

    Director

    Total calculated
    $0
    Hours/week
    5

  • Heidi Katula

    Director

    Total calculated
    $0
    Hours/week
    5

  • Daniel Pellathy

    President

    Total calculated
    $0
    Hours/week
    7

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
1 May 2023
IRS schema version
2022v5.0
Source object
202341219349301104

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