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Nonprofiteer
← OASIS APPLIANCE INC

Form 990 for tax year 2022

Filed by OASIS APPLIANCE INC.

Totals

Total revenue
$111,906
Total expenses
$128,775
Contributions and grants received
$6,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$105,906
Total assets, end of year
$129,319
Total liabilities, end of year
$70,797
Net assets or fund balances, end of year
$58,522
Program services expenses (Part IX)
$113,970
Management and general expenses
$14,805
Fundraising expenses
$0
Program service expenses (Part III)
$113,970

Program services were 88.5% 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

    $6,000

  • 6a · Gross rents

    real property $1,200

  • 6c · Rental income or loss

    real property $1,200

  • 6d · Net rental income or loss

    total $1,200 · excluded $1,200

  • 10a · Gross sales of inventory

    $164,388

  • 10b · Cost of goods sold

    $59,682

  • 10c · Net income from sales of inventory

    total $104,706 · related or exempt $104,706

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $49,891 · program services $49,891

  • 10 · Payroll taxes

    total $4,335 · program services $4,335

  • 11c · Fees: accounting

    total $11,564 · management and general $11,564

  • 12 · Advertising and promotion

    total $42 · program services $42

  • 13 · Office expenses

    total $3,241 · management and general $3,241

  • 16 · Occupancy

    total $11,197 · program services $11,197

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $4,533 · program services $4,533

  • 24a · Other expenses: PICKUP/DELIVERY

    total $14,452 · program services $14,452

  • 24b · Other expenses: VEHICLE MAINT/ REPAIR

    total $7,476 · program services $7,476

  • 24c · Other expenses: STORE SUPPLIES

    total $5,014 · program services $5,014

  • 24d · Other expenses: MERCHANT FEES

    total $3,465 · program services $3,465

  • 24e · All other expenses

    total $5,388 · program services $5,388

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,898 · end of year $5,212

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

    $167,290

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

    $43,183

  • 10c · Land, buildings and equipment, net

    beginning of year $132,284 · end of year $124,107

  • 17 · Accounts payable and accrued expenses

    beginning of year $342 · end of year $680

  • 25 · Other liabilities

    beginning of year $61,449 · end of year $70,117

  • 27 · Net assets without donor restrictions

    beginning of year $75,391 · end of year $58,522

Mission and programs · 2022

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 $113,970

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

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dana Driver

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Hyde III

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eli Morris

    BOARD CHAIRM

    Total calculated
    $0
    Hours/week
    1

  • Jackie Bass

    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

  • Jill Dyson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Hvasta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Rock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joy Marseille

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    1 + 40 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.

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
2022
Filed
26 June 2023
IRS schema version
2022v5.0
Source object
202321939349300632

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