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← STOREHOUSE OF COMMUNITY RESOURCES

Form 990 for tax year 2024

Filed by STOREHOUSE OF COMMUNITY RESOURCES.

Totals

Total revenue
$21,040,165
Total expenses
$20,972,676
Contributions and grants received
$20,589,447
Grants paid
$0
Program service revenue
$440,142
Investment income
$10,576
Other revenue
$0
Total assets, end of year
$6,784,598
Total liabilities, end of year
$133,597
Net assets or fund balances, end of year
$6,651,001
Program services expenses (Part IX)
$20,905,703
Management and general expenses
$66,973
Fundraising expenses
$0
Program service expenses (Part III)
$20,905,703

Program services were 99.7% 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

    $105,725

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $20,483,722

  • 1g · Noncash contributions included above

    $20,195,518

  • 2a · Program service revenue: Member Fees

    total $440,142 · related or exempt $440,142 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $10,576 · related or exempt $10,576 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

    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

    $105,725

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $195,000 · program services $175,500 · management and general $19,500 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $152,146 · program services $136,931 · management and general $15,215 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $30,001 · program services $27,001 · management and general $3,000 · fundraising $0

  • 11a · Fees: management

    total $35,162 · program services $17,580 · management and general $17,582 · fundraising $0

  • 11b · Fees: legal

    total $500 · program services $500 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $168 · program services $168 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $18,629 · program services $18,629 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $11,929 · program services $11,929 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $116,758 · program services $105,082 · management and general $11,676 · fundraising $0

  • 17 · Travel

    total $4,883 · program services $4,883 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $1,444 · program services $1,444 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $2,395 · program services $2,395 · management and general $0 · fundraising $0

  • 24a · Other expenses: Office / Phone

    total $17,319 · program services $17,319 · management and general $0 · fundraising $0

  • 24b · Other expenses: Volunteers

    total $7,969 · program services $7,969 · management and general $0 · fundraising $0

  • 24c · Other expenses: Business / Subscriptions

    total $5,754 · program services $5,754 · management and general $0 · fundraising $0

  • 24d · Other expenses: various

    total $12,652 · program services $12,652 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $20,359,967 · program services $20,359,967 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,356 · end of year $118,208

  • 2 · Savings and temporary cash investments

    beginning of year $291,706 · end of year $285,653

  • 8 · Inventories for sale or use

    beginning of year $6,530,567 · end of year $6,380,737

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,766 · end of year -$630

  • 19 · Deferred revenue

    beginning of year $167,500 · end of year $134,227

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $6,733,363 · end of year $6,651,001

Mission and programs · 2024

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 $21.0 million in donated product and committed / distributed $20.9 million to 500 non-profit partners and 320 poverty based education buildings with about 3000 teachers with impact to nearly 150000 adults and children.

    Expenses $20,905,703 · Revenue $21,040,165

As filed on the 2024 return.

Listed in Part VII

  • Jessica Johns

    Executive Director

    Total calculated
    $93,500
    From this org
    $93,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    45

  • 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

  • Lisa Hunter

    Director

    Total calculated
    $0
    Hours/week
    10

  • Scot Fay

    Director

    Total calculated
    $0
    Hours/week
    5

  • Thomas Renner

    Director

    Total calculated
    $0
    Hours/week
    5

  • Lana Duoibes

    Director

    Total calculated
    $0
    Hours/week
    2

  • Lindsey Tilley

    Director

    Total calculated
    $0
    Hours/week
    10

  • Beth Dornan

    Secretary

    Total calculated
    $0
    Hours/week
    12

  • Daniel Pellathy

    President

    Total calculated
    $0
    Hours/week
    7

  • Nora Ruder

    Treasurer

    Total calculated
    $0
    Hours/week
    15

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
2024
Filed
31 March 2025
IRS schema version
2024v5.0
Source object
202521199349302107

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