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Nonprofiteer
← NEW LIFE FURNITURE INC

Form 990 for tax year 2023

Filed by NEW LIFE FURNITURE INC.

Totals

Total revenue
$2,852,594
Total expenses
$2,988,927
Contributions and grants received
$941,362
Grants paid
$0
Program service revenue
$1,783,343
Investment income
$543
Other revenue
$127,346
Total assets, end of year
$3,525,117
Total liabilities, end of year
$2,884,003
Net assets or fund balances, end of year
$641,114
Program services expenses (Part IX)
$2,746,286
Management and general expenses
$164,388
Fundraising expenses
$78,253
Program service expenses (Part III)
$2,746,286

Program services were 91.9% 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

    $941,362

  • 2a · Program service revenue: THRIFT STORE SALE

    total $802,539 · related or exempt $802,539

  • 2b · Program service revenue: DELIVERY FEES

    total $748,420 · related or exempt $748,420

  • 2c · Program service revenue: FURNITURE SALES

    total $193,624 · related or exempt $193,624

  • 2d · Program service revenue: AGENCY FEES

    total $38,760 · related or exempt $38,760

  • 3 · Investment income

    total $543 · excluded $543

  • 8a · Fundraising events: gross income

    $190,153

  • 8b · Fundraising events: direct expenses

    $62,807

  • 8c · Net income from fundraising events

    total $127,346 · excluded $127,346

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $137,930 · program services $122,174 · management and general $10,743 · fundraising $5,013

  • 7 · Other salaries and wages

    total $1,092,517 · program services $968,372 · management and general $84,001 · fundraising $40,144

  • 9 · Other employee benefits

    total $46,848 · program services $41,522 · management and general $3,607 · fundraising $1,719

  • 10 · Payroll taxes

    total $101,745 · program services $90,177 · management and general $7,834 · fundraising $3,734

  • 11g · Fees: other

    total $69,062 · program services $54,624 · management and general $14,438

  • 12 · Advertising and promotion

    total $130,090 · program services $130,090

  • 13 · Office expenses

    total $9,960 · management and general $9,960

  • 14 · Information technology

    total $32,929 · program services $32,929

  • 16 · Occupancy

    total $514,847 · program services $513,517 · management and general $1,330

  • 17 · Travel

    total $2,692 · program services $2,692

  • 20 · Interest

    total $3,451 · management and general $3,451

  • 22 · Depreciation, depletion and amortization

    total $46,036 · program services $46,036

  • 23 · Insurance

    total $20,663 · program services $20,663

  • 24a · Other expenses: PURCHASED FURNITURE

    total $297,591 · program services $297,591

  • 24b · Other expenses: PROFESSIONAL FEES

    total $158,078 · program services $107,550 · management and general $23,595 · fundraising $26,933

  • 24c · Other expenses: TRUCK EXPENSE

    total $77,256 · program services $77,256

  • 24d · Other expenses: FUEL

    total $59,329 · program services $59,329

  • 24e · All other expenses

    total $187,903 · program services $181,764 · management and general $5,429 · fundraising $710

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $608,630 · end of year $330,727

  • 4 · Accounts receivable

    beginning of year $72,195 · end of year $156,704

  • 8 · Inventories for sale or use

    beginning of year $112,257 · end of year $140,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,452 · end of year $4,243

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

    $386,198

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

    $153,496

  • 10c · Land, buildings and equipment, net

    beginning of year $182,635 · end of year $232,702

  • 11 · Investments: publicly traded securities

    beginning of year $13,628 · end of year $0

  • 15 · Other assets

    beginning of year $2,255,481 · end of year $2,660,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,385 · end of year $76,336

  • 19 · Deferred revenue

    beginning of year $44,750 · end of year $21,750

  • 25 · Other liabilities

    beginning of year $2,376,394 · end of year $2,785,917

  • 27 · Net assets without donor restrictions

    beginning of year $664,248 · end of year $518,935

  • 28 · Net assets with donor restrictions

    beginning of year $116,501 · end of year $122,179

Mission and programs · 2023

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 $2,746,286 · Revenue $980,804

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

Listed in Part VII

  • JOHN KREHBIEL

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KELLY WILLIAMS

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL MENICHETTI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • AMY STEWART

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JUWANA HALL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • APRIL AUSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARGE PUTMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • LIZ PREBLES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ANN LAFFERTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • BONITA CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEVE ELLIOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL KROEGER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • KATRINA HARTSEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TRICIA REYNOLDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DANA SAXTON

    PRESIDENT AND CEO

    Total calculated
    $150,398
    From this org
    $137,940
    From related orgs
    $0
    Other
    $12,458
    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
2023
Filed
3 October 2024
IRS schema version
2023v5.1
Source object
202402929349300305

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

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