Form 990 for tax year 2023

Filed by ISAACS ROOM.

Totals

Total revenue: $1,012,026
Total expenses: $1,109,697
Contributions and grants received: $753,185
Grants paid: $0
Program service revenue: $183,233
Investment income: $30,887
Other revenue: $44,721
Total assets, end of year: $3,405,519
Total liabilities, end of year: $1,101,644
Net assets or fund balances, end of year: $2,303,875
Program services expenses (Part IX): $489,161
Management and general expenses: $620,536
Fundraising expenses: $0
Program service expenses (Part III): $489,161

Program services were 44.1% 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.

1e · Government grants (contributions)

$583,901
1f · All other contributions, gifts and grants

$169,284
2a · Program service revenue: IKE HOUSE

total $137,126 · related or exempt $137,126
2b · Program service revenue: IKE BOX

total $46,004 · related or exempt $46,004
2c · Program service revenue: IKE QUEST

total $103 · related or exempt $103
3 · Investment income

total $30,887 · excluded $30,887
6a · Gross rents

real property $8,425
6b · Less rental expenses

real property $36,746
6c · Rental income or loss

real property -$28,321
6d · Net rental income or loss

total -$28,321 · excluded -$28,321
8a · Fundraising events: gross income

$241,178
8b · Fundraising events: direct expenses

$118,766
8c · Net income from fundraising events

total $122,412
10a · Gross sales of inventory

$1,908,740
10b · Cost of goods sold

$1,958,110
10c · Net income from sales of inventory

total -$49,370 · related or exempt -$49,370

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $107,529 · management and general $107,529
7 · Other salaries and wages

total $507,504 · program services $275,150 · management and general $232,354
11c · Fees: accounting

total $12,137 · program services $3,809 · management and general $8,328
12 · Advertising and promotion

total $28,600 · management and general $28,600
13 · Office expenses

total $5,317 · program services $375 · management and general $4,942
16 · Occupancy

total $380 · management and general $380
20 · Interest

total $35,719 · program services $28,829 · management and general $6,890
22 · Depreciation, depletion and amortization

total $224,886 · program services $53,820 · management and general $171,066
23 · Insurance

total $23,611 · program services $14,309 · management and general $9,302
24a · Other expenses: OTHER PROGRAM COSTS

total $70,492 · program services $70,206 · management and general $286
24b · Other expenses: REPAIRS AND MAINTENANCE

total $44,133 · program services $13,846 · management and general $30,287
24c · Other expenses: UTILITIES

total $28,710 · program services $24,560 · management and general $4,150
24d · Other expenses: SUBSCRIPTIONS

total $7,091 · program services $1,170 · management and general $5,921
24e · All other expenses

total $13,588 · program services $3,087 · management and general $10,501

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $458,699 · end of year $414,017
2 · Savings and temporary cash investments

beginning of year $391,355 · end of year $88,273
4 · Accounts receivable

beginning of year -$6,137 · end of year -$7,510
7 · Other notes and loans receivable

beginning of year $885 · end of year $1,326
8 · Inventories for sale or use

beginning of year $19,858 · end of year $23,000
9 · Prepaid expenses and deferred charges

beginning of year $17,709 · end of year $18,243
10a · Land, buildings and equipment: cost or other basis

$3,086,562
10b · Land, buildings and equipment: accumulated depreciation

$716,928
10c · Land, buildings and equipment, net

beginning of year $2,037,833 · end of year $2,369,634
15 · Other assets

beginning of year $498,033 · end of year $498,536
17 · Accounts payable and accrued expenses

beginning of year $105,806 · end of year $125,478
23 · Secured mortgages and notes payable

beginning of year $903,806 · end of year $972,977
25 · Other liabilities

beginning of year $7,077 · end of year $3,189
27 · Net assets without donor restrictions

beginning of year $2,401,546 · end of year $2,303,875

Mission and programs · 2023

Mission

ISAAC'S ROOM EXISTS TO HELP DIVESTED YOUNG PEOPLE BUILD THE CAPACITY TO RISE TO THE CHALLENGES OF LIFE. WE PROVIDE EXPERIENCES THAT BUILD CHARACTER, CONFIDENCE, AND SKILLS AND A COMMUNITY OF PEOPLE WHO SUPPORT THE QUEST TO BE THE HERO OF YOUR STORY AND A CONTRIBUTOR IN SOCIETY. WE FOCUS ON BUILDING CRITICAL WORK SKILLS IN A TEAM CONCEPT THROUGH A WORKING INTERNSHIP AT THE IKE BOX COFFEE SHOP, THE FAMILY BUSINESS OF ISAAC'S ROOM. WE ALSO PROVIDE ONE-ON-ONE MENTORSHIP, HOUSING OPTIONS, PERSONAL WELLNESS TRAINING, FINANCIAL LITERACY, AND ENRICHMENT IN SUPPORT OF THE WORKFORCE TRAINING. DIVESTED MEANS POWERLESS. IN THE LIFE OF A DIVESTED YOUNG PERSON, IT REFERS TO THE STATE OF BEING POWERLESS TO FACE THE CHALLENGES OF LIFE WITH ANY CONFIDENCE OR EFFECTIVENESS. YOUTH CAN BE DIVESTED BY EXTERNAL FACTORS: FOSTER CARE, DISRUPTED EDUCATION, POVERTY, ADDICTION, INCARCERATION OR AS A CONSEQUENCE OF THEIR OWN DESTRUCTIVE CHOICES. EITHER WAY, THESE ARE THE KIDS WHO, ON THEIR CURRENT TRAJECTORY.

THE IKE BOX IS THE OUTPOST OF ISAAC'S ROOM IN DOWNTOWN SALEM . IT IS A SPACIOUS COFFEE HOUSE IN A DELIGHTFULLY QUIRKY 100 YEAR OLD BUILDING. IT IS BEAUTIFUL BUT NOT TOO FANCY, A PERFECT SYMBOL OF TRANSFORMATION HOW A PLACE (OR A PERSON) CONSIDERED BEYOND HELP AND HOPE CAN BE RESTORED AND BECOME A GEM IN THE COMMUNITY. THE IKE BOX SERVES THE MISSION STRATEGICALLY AS A SOCIAL ENTERPRISE. A BUSINESS THAT YIELDS BOTH A FINANCIAL AND A SOCIAL BENEFIT. IT'S THE FAMILY BUSINESS OF ISAAC'S ROOM: PROVIDING OPPORTUNITY FOR THE YOUTH TO WORK, LEARN NEW SKILLS, AND INTERACT WITH THE GREATER COMMUNITY, WHILE ALSO PROVIDING A LEVEL OF SELF-FUNDING THAT STRENGTHENS THE ORGANIZATION.

Expenses $50,752 · Revenue $46,004
ISAAC'S ROOM SERVES DIVESTED YOUTH, ESPECIALLY LOW-INCOME, FOSTER YOUTH, YOUTH INVOLVED IN THE JUVENILE JUSTICE SYSTEM AND YOUTH DISENGAGED FROM THE EDUCATIONAL SYSTEM. YOUTH IN THESE ENVIRONMENTS ARE A GROWING BURDEN ON SOCIAL SYSTEMS AND REMAIN AN UNTAPPED COMMUNITY RESOURCE. THEY ARE "DIVESTED" BEING POWERLESS TO FACE THE CHALLENGES OF LIFE WITH ANY CONFIDENCE OR EFFECTIVENESS. WHETHER VICTIMS OF UNFORTUNATE CIRCUMSTANCES, OR SUFFERING CONSEQUENCES OF THEIR OWN DESTRUCTIVE CHOICES, THEY ARE ON A TRAJECTORY TO HIT ADULTHOOD UNEMPLOYABLE AND PRONE TO FAIL, AT AN ENORMOUS COST TO SOCIETY. THEY ALSO HAVE NAMES AND STORIES AND FACES THAT STILL FLASH GLIMPSES OF BURIED HOPES AND DREAMS. THEY ARE CHILDREN IN ADULT BODIES WHO LOOK TOUGH ON THE OUTSIDE, BUT INSIDE ARE AFRAID ABOUT THEIR FUTURE. ISAAC'S ROOM IS DETERMINED TO INSPIRE THEM TO INVEST IN DEVELOPMENTAL RELATIONSHIPS, CHALLENGING OPPORTUNITIES, AND ACTIVITIES THAT BUILD SKILLS AND CONFIDENCE TO CREATE A FUTURE WORTHY OF THEIR DREAMS.

Expenses $93,606 · Revenue $137,126
IKE QUEST IS A PROGRAM OF ISAAC'S ROOM THAT OFFERS THESE EXACT OPPORTUNITIES TO DIVESTED YOUTH AND HAS PROVEN TO BE EFFECTIVE AT ENGAGING THEM IN THE QUEST TO "MAKE (LIFE) BETTER, TO TRANSFORM THEIR THINKING, THEIR HABITS, AND THEREBY THE TRAJECTORY OF THEIR LIVES. IKE QUEST IS BUILT ON A STRENGTH-BASED PHILOSOPHY OF BUILDING CAPACITY RATHER THAN FIXING PROBLEMS. PROBLEMS LOOK SMALLER WITH THE CONFIDENCE OF UNCONDITIONAL LOVE AND THE MOTIVATION OF A NOBLE PURPOSE. THESE KIDS NEED SHOES AND SKILLS, FOOD AND FORTITUDE BUT MORE THAN THAT, THEY NEED THE CAPACITY TO GO GET THESE THINGS FOR THEMSELVES. SO, IKE QUEST EMPLOYS PROVEN BEST PRACTICES AND HELPS YOUTH GO FROM LIABILITY TO ASSET IN THEIR COMMUNITY. YOUTH ARE GETTING OFF PROBATION AND THE COURT ROSTERS, EXPANDING SOBRIETY AND WELLNESS, REENGAGING AND FINISHING SCHOOL, GETTING JOBS, AND BECOMING CONTRIBUTORS IN COMMERCE AND CULTURE.

Expenses $344,803 · Revenue $103

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Amanda TerpeningAMANDA TERPENING

SECRETARY

Total calculated

$0
Elijah LeutwylerELIJAH LEUTWYLER

YOUTH LIASON

Total calculated

$0
Jennifer MartinJENNIFER MARTIN

DIRECTOR

Total calculated

$0
Jim PleimanJIM PLEIMAN

TREASURER

Total calculated

$0
Jonathan J LushJONATHAN J LUSH

DIRECTOR

Total calculated

$0
Lillian KayLILLIAN KAY

DIRECTOR

Total calculated

$0
Luis GarciaLUIS GARCIA

DIRECTOR

Total calculated

$0
Mark BulginMARK BULGIN

EXECUTIVE DI

Total calculated

$107,529

From this org

$107,529

From related orgs

$0

Other

$0

Hours/week

40
Mary Jean SandallMARY JEAN SANDALL

DIRECTOR

Total calculated

$0
Morgan SundMORGAN SUND

DIRECTOR

Total calculated

$0
Ryan GelbrichRYAN GELBRICH

DIRECTOR

Total calculated

$0
Sam S KillernSAM S KILLERN

DIRECTOR

Total calculated

$0
Tyler BraunTYLER BRAUN

DIRECTOR

Total calculated

$0
W Conrad VentiW CONRAD VENTI

PRESIDENT

Total calculated

$0

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: 2023
Filed: 17 October 2024
IRS schema version: 2023v5.0
Source object: 202403139349302095

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