Nw Furniture Bank
- Assets
- $3.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Tacoma, WA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 22-3939593
Organization Overview
Nw Furniture Bank is located in Tacoma, WA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Nw Furniture Bank employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nw Furniture Bank is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nw Furniture Bank generated $3.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPS TO RESTORE HOPE, DIGNITY AND STABILITY BY RECYCLING DONATED FURNITURE TO PEOPLE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNITURE PROGRAM - SERVED 1,583 FAMILY UNITS, PROVIDING A COMPLETE HOUSEHOLD OF FURNITURE. 22,545 PIECES WERE PROVIDED, VALUED AT OVER $1,281,000. THE PROGRAM CREATED JOBS AND INCLUDED OVER 2,200 HOURS OF VOLUNTEER HOURS.
SPRING BACK MATTRESS RECYCLING PROGRAM - 12,741 MATTRESSES WERE DIVERTED FROM THE LANDFILLS, WHICH EQUALS OVER 380,130 CUBIC FEET AND 290 TONS! 465 MATTRESSES WERE CLEANED AND REPURPOSED BY THE NW FURNITURE BANK SO EVERY CLIENT RECEIVED A BED TO SLEEP ON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Lemke Executive Director | Officer | 40 | $115,673 |
Rik Jamieson Treasurer | OfficerTrustee | 1 | $0 |
Rich Jasper Chair | OfficerTrustee | 1 | $0 |
Gerrit Nyland Vice Chair | OfficerTrustee | 1 | $0 |
Laura Majovski Secretary | OfficerTrustee | 1 | $0 |
Greg Jacoby Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $338,991 |
| Related organizations | $0 |
| Government grants | $243,762 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,765,767 |
| Noncash contributions included in lines 1a–1f | $1,090,036 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,348,520 |
| Total Program Service Revenue | $1,233,076 |
| Investment income | $5,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,564 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,639,881 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $115,673 |
| Compensation of current officers, directors, key employees. | $23,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $856,958 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,544 |
| Payroll taxes | $102,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,536 |
| Advertising and promotion | $31,456 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $247,083 |
| Travel | $13,809 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,632 |
| Insurance | $36,495 |
| All other expenses | $20,864 |
| Total functional expenses | $3,216,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $611,294 |
| Savings and temporary cash investments | $872,376 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $181,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $314,346 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,488,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,001 |
| Total assets | $3,492,586 |
| Accounts payable and accrued expenses | $31,403 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,686 |
| Total liabilities | $42,089 |
| Net assets without donor restrictions | $3,394,536 |
| Net assets with donor restrictions | $55,961 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,492,586 |
Grants Recieved
Over the last fiscal year, we have identified 23 grants that Nw Furniture Bank has recieved totaling $925,512.
| Awarding Organization | Amount |
|---|---|
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $500,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW STAFF | $118,000 |
Greater Tacoma Community Foundation Tacoma, WA PURPOSE: OPERATING SUPPORT | $65,000 |
M J Murdock Charitable Trust Vancouver, WA PURPOSE: NEW STAFF | $60,000 |
Stewardship Foundation C D A B & W T Weyerhaeuser Ttees Tacoma, WA PURPOSE: GENERAL OPERATIONS | $40,000 |
Names Family Foundation Fircrest, WA PURPOSE: 2022 NW FURNITURE BANK STAFF TRAINING | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Action Of Skagit County Mount Vernon, WA | $8,445,889 | $20,193,339 |
Catholic Community Services Of The Mid Willamette Valley & Central Salem, OR | $4,444,104 | $18,908,977 |
Community Action Team Incorporated Of St Helens, OR | $13,623,146 | $18,435,042 |
Catholic Social Services Anchorage, AK | $26,673,740 | $19,500,530 |
Multi-Service Center Federal Way, WA | $19,459,058 | $20,133,825 |
Outside In Portland, OR | $20,557,070 | $19,364,010 |
Yamhill Community Action Partnership Mcminnville, OR | $6,898,009 | $17,038,077 |
Coastal Community Action Program Aberdeen, WA | $17,576,591 | $19,679,200 |
Oregon Human Development Corporation Gresham, OR | $1,006,372 | $15,394,021 |
Lower Columbia Community Action Council Incorporated Longview, WA | $10,869,676 | $17,400,941 |
Jannus Inc Boise, ID | $8,733,136 | $16,058,488 |
Opportunities Industrialization Center Of Washington Yakima, WA | $12,681,158 | $14,588,823 |