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Nonprofiteer
← OASIS APPLIANCE INC

Form 990 for tax year 2023

Filed by OASIS APPLIANCE INC.

Totals

Total revenue
$122,145
Total expenses
$163,796
Contributions and grants received
$38,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$84,145
Total assets, end of year
$117,878
Total liabilities, end of year
$101,007
Net assets or fund balances, end of year
$16,871
Program services expenses (Part IX)
$148,361
Management and general expenses
$15,435
Fundraising expenses
$0
Program service expenses (Part III)
$148,361

Program services were 90.6% 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

    $38,000

  • 6a · Gross rents

    real property $400

  • 6c · Rental income or loss

    real property $400

  • 6d · Net rental income or loss

    total $400 · excluded $400

  • 10a · Gross sales of inventory

    $131,859

  • 10b · Cost of goods sold

    $48,114

  • 10c · Net income from sales of inventory

    total $83,745 · related or exempt $83,745

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $81,204 · program services $81,204

  • 10 · Payroll taxes

    total $6,335 · program services $6,335

  • 11c · Fees: accounting

    total $12,935 · management and general $12,935

  • 12 · Advertising and promotion

    total $563 · program services $563

  • 13 · Office expenses

    total $2,433 · management and general $2,433

  • 16 · Occupancy

    total $8,745 · program services $8,745

  • 22 · Depreciation, depletion and amortization

    total $8,177 · program services $8,177

  • 23 · Insurance

    total $11,407 · program services $11,407

  • 24a · Other expenses: PICKUP/DELIVERY

    total $13,648 · program services $13,648

  • 24b · Other expenses: VEHICLE MAINT/ REPAIR

    total $5,247 · program services $5,247

  • 24c · Other expenses: STORAGE

    total $3,709 · program services $3,709

  • 24d · Other expenses: MERCHANT FEES

    total $3,013 · program services $3,013

  • 24e · All other expenses

    total $6,380 · program services $6,313 · management and general $67

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,212 · end of year $849

  • 7 · Other notes and loans receivable

    end of year $1,100

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

    $167,290

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

    $51,361

  • 10c · Land, buildings and equipment, net

    beginning of year $124,107 · end of year $115,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $680 · end of year -$62

  • 25 · Other liabilities

    beginning of year $70,117 · end of year $101,069

  • 27 · Net assets without donor restrictions

    beginning of year $58,522 · end of year $16,871

Mission and programs · 2023

Mission

PROVIDING CHRISTIAN MINISTRY, PRIMARILY IN NORTH MEMPHIS TN, BY ASSISTING LOW INCOME PERSONS TO PURCHASE NEEDED FURNITURE AND APPLIANCES.

  • PROVIDE QUALITY PRE-OWNED APPLIANCES AT SIGNIFICANTLY REDUCED PRICES FOR RESIDENTS OF LOW-INCOME NEIGHBORHOODS.

    Expenses $148,361

  • PROVIDE QUALITY PRE-OWNED APPLIANCES AT SIGNIFICANTLY REDUCED PRICES FOR RESIDENTS OF LOW-INCOME NEIGHBORHOODS.

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

Listed in Part VII

  • Eli Morris

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • Dana Driver

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Hyde III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jackie Bass

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Hvasta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Henry Bishop

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Clarissa Crowder-Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Rock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jill Dyson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Michael Harris

    INTERIM EXE

    Total calculated
    $0
    Hours/week
    1

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
10 September 2024
IRS schema version
2023v5.0
Source object
202402559349301145

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