Skip to content
Nonprofiteer
← LAUNDRYCARES FOUNDATION

Form 990 for tax year 2024

Filed by LAUNDRYCARES FOUNDATION.

Totals

Total revenue
$486,304
Total expenses
$611,894
Contributions and grants received
$457,426
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$28,878
Total assets, end of year
$85,204
Total liabilities, end of year
$91,222
Net assets or fund balances, end of year
-$6,018
Program services expenses (Part IX)
$373,107
Management and general expenses
$145,952
Fundraising expenses
$92,835
Program service expenses (Part III)
$373,107

Program services were 61.0% 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

    $457,426

  • 10a · Gross sales of inventory

    $183,590

  • 10b · Cost of goods sold

    $154,712

  • 10c · Net income from sales of inventory

    total $28,878 · related or exempt $28,878

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $41,667 · management and general $41,666 · fundraising $41,667

  • 8 · Pension plan contributions

    total $5,000 · program services $1,666 · management and general $1,668 · fundraising $1,666

  • 9 · Other employee benefits

    total $1,125 · program services $375 · management and general $375 · fundraising $375

  • 10 · Payroll taxes

    total $9,696 · program services $3,232 · management and general $3,232 · fundraising $3,232

  • 11c · Fees: accounting

    total $23,665 · management and general $23,665

  • 11g · Fees: other

    total $220,586 · program services $180,081 · management and general $23,990 · fundraising $16,515

  • 13 · Office expenses

    total $18,667 · program services $6,223 · management and general $6,221 · fundraising $6,223

  • 14 · Information technology

    total $12,798 · program services $4,266 · management and general $4,266 · fundraising $4,266

  • 16 · Occupancy

    total $4,460 · management and general $4,460

  • 17 · Travel

    total $17,310 · program services $5,769 · management and general $5,772 · fundraising $5,769

  • 19 · Conferences, conventions and meetings

    total $8,677 · management and general $8,677

  • 24a · Other expenses: EVENT EXPENSES

    total $89,778 · program services $89,778

  • 24b · Other expenses: ALLOCATED SALARIES

    total $39,384 · program services $13,122 · management and general $13,140 · fundraising $13,122

  • 24c · Other expenses: DONATED READ, PLAY, LEA

    total $25,158 · program services $25,158

  • 24d · Other expenses: BANK AND CREDIT CARD FE

    total $8,674 · management and general $8,674

  • 24e · All other expenses

    total $1,916 · program services $1,770 · management and general $146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,428 · end of year $10,404

  • 2 · Savings and temporary cash investments

    end of year $45,392

  • 3 · Pledges and grants receivable

    beginning of year $139,000

  • 4 · Accounts receivable

    beginning of year $18,999 · end of year $29,002

  • 15 · Other assets

    beginning of year -$11,029 · end of year $406

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,600 · end of year $35,204

  • 19 · Deferred revenue

    beginning of year $38,226 · end of year $35,831

  • 25 · Other liabilities

    beginning of year $0 · end of year $20,187

  • 27 · Net assets without donor restrictions

    beginning of year -$78,139 · end of year -$33,471

  • 28 · Net assets with donor restrictions

    beginning of year $197,711 · end of year $27,453

Mission and programs · 2024

Mission

TO PROVIDE LAUNDRY SERVICES AND EDUCATION TO THOSE IN NEED.

Activities or mission (Part I)

THE PURPOSES OF THE ORGANIZATION ARE: (I) TO COORDINATE THE DISTRIBUTION OF DONATED LAUNDRY SUPPLIES TO PROVIDE LAUNDRY SERVICES AND EDUCATION TO THOSE IN NEED.; AND (II) TO OFFER FREE LAUNDRY DAY AT COIN LAUNDRY FACILITIES IN SELECT CITIES.

  • FREE LAUNDRY DAY - PROVIDED FREE LAUNDRY SERVICES TO NEEDY FAMILIES AT LOCAL LAUNDROMATS ACROSS THE COUNTRY. HUNDREDS OF LOADS OF LAUNDRY ARE COMPLETED DURING EACH DAY. THE EVENTS ALSO INCLUDED ACCESS TO CHILDREN'S BOOKS AND LITERACY RESOURCES. ADDITONALLY, THE ORGANIZATION PROVIDING CONSULTING SERVICES TO OTHER WISHING TO SET UP FREE LAUNDRY DAYS TO ASSIST NEEDY FAMILIES WITHIN THEIR CONSTITUENCY.

    Expenses $205,208

  • THE LAUNDRYCARES FOUNDATION, AND THE CLINTON FOUNDATION'S TOO SMALL TO FAIL PROGRAM, WORKED WITH LAKESHORE LEARNING AND SCHOLASTIC TO OFFER FAMILY READ, PLAY & LEARN KITS. THESE ARE UNIQUELY DESIGNED TO CREATE SAFE, FUN, AND ENGAGING PLACES FOR CHILDREN AND FAMILIES IN LAUNDROMATS. "FAMILY READ, PLAY & LEARN" SPACES ARE EQUIPPED WITH LITERACY-RICH MATERIALS TO SUPPORT CHILDREN'S EARLY BRAIN AND LANGUAGE DEVELOPMENT, AND ARE A MEANINGFUL WAY TO SERVE COMMUNITIES AND CUSTOMERS. THE FOUNDATION SELLS THESE KITS TO LAUNDROMATS. EXPENSES ARE NETTED AGAINST REVENUE IN PART VIII.

    Expenses $167,899 · Revenue $28,878

As filed on the 2024 return.

Listed in Part VII

  • James Whitmore

    IMMEDIATE PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Dennis Diaz

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Paul Hansen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Robert E Maes

    ADVISORY

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Craig Kirchner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth McChesney

    DIRECTOR OF OUTREACH

    Total calculated
    $0
    Hours/week
    2

  • Brian Grell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Brian Holland

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Neal Shapiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3.5 related

  • Alaa Elbanna

    ADVISORY

    Total calculated
    $0
    Hours/week
    2

  • Jane Park

    ADVISORY

    Total calculated
    $0
    Hours/week
    2

  • Brian Wallace

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $312,631
    From this org
    $0
    From related orgs
    $279,000
    Other
    $33,631
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,000 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $23,720 related
    Nontaxable benefits
    $0 + $9,911 related
    Filer's total
    $0 + $312,631 related

  • Dan Naumann

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $130,000
    From this org
    $0
    From related orgs
    $125,000
    Other
    $5,000
    Hours/week
    40 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COIN LAUNDRY ASSOCIATION (ASSOCIATION), A RELATED ORGANIZATION, USED A COMPENSATION COMMITTEE, WRITTEN CONTRACT, COMPENSATION SURVEY AND APPROVAL BY THE BOARD TO ESTABISH THE PRESIDENT'S / CEO'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2024
Filed
7 May 2025
IRS schema version
2024v5.1
Source object
202501329349302735

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

The source document this was parsed from is served over the API, which is where bulk and document access live.