Furniture Trust Organization Inc
- Assets
- $739.1k
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Arlington, MA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-2607677
Organization Overview
Furniture Trust Organization Inc is located in Arlington, MA. The organization was established in 2009. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2021, Furniture Trust Organization Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furniture Trust Organization Inc 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, Furniture Trust Organization Inc generated $7.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $6.9m during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
ENVIRONMENTALLY FRIENDLY OFFICE FURNITURE DISPOSITION - EDUCATE CORPORATIONS AND INSTITUTIONS ABOUT THE BENEFITS OF RECYCLING UNWANTED OFFICE FURNITURE, RATHER THAN THROWING IT IN A LANDFILL. THE TRUST RECYCLES USED OFFICE FURNITURE (GIFTS-IN-KIND) BY DONATING SOME TO APPROXIMATELY 30 OTHER NONPROFIT ORGANIZATIONS, BY SELLING SOME, ALLOWING OTHER CORPORATIONS TO RE-USE THE UNWANTED OFFICE FURNITURE AND RECYCLING ANY REMAINING UNWANTED OFFICE FURNITUE FOR SCRAP VALUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PARTNER WITH CORPORATIONS THROUGH COOPERATIVE AGREEMENTS TO DISMANTLE & TRANSPORT UNWANTED USED OFFICE FURNITURE TO EITHER OTHER NONPROFIT ORGANIZATIONS, SELL TO INDIVIDUALS OR CORPORATIONS, OR SALVAGE THE RAW MATERIALS THROUGH ENVIRONMENTALLY FRIENDLY RECYCLING PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Riley Secretary | OfficerTrustee | 1 | $0 |
John Hitt Treasurer | OfficerTrustee | 3 | $0 |
Steve Fox President | OfficerTrustee | 5 | $0 |
Dana Deveau Executive Director | Officer | 40 | $0 |
Christine Mosholder Director | Trustee | 5 | $0 |
Brenda Boissonnault Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,737 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,747,263 |
| Noncash contributions included in lines 1a–1f | $5,740,963 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,929,000 |
| Total Program Service Revenue | $1,147,909 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,076,929 |
| 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. | $84,616 |
| Compensation of current officers, directors, key employees. | $12,692 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,408 |
| Fees for services: Accounting | $12,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,694 |
| Office expenses | $1,683 |
| Information technology | $3,279 |
| Royalties | $0 |
| Occupancy | $15,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,268 |
| All other expenses | $10,200 |
| Total functional expenses | $6,896,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,256 |
| Savings and temporary cash investments | $101,065 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,105 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,702 |
| Total assets | $739,128 |
| Accounts payable and accrued expenses | $191,997 |
| 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 | $0 |
| Total liabilities | $191,997 |
| Net assets without donor restrictions | $547,131 |
| Net assets with donor restrictions | $0 |
| 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 | $739,128 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Furniture Trust Organization Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Furniture Trust Organization Inc Arlington, MA | $739,128 | $7,076,929 |
1 For The Planet Inc Burlington, VT | $13,842,882 | $4,568,518 |
Finger Lakes Reuse Inc Ithaca, NY | $1,994,394 | $3,045,475 |
Fabscrap Inc Brooklyn, NY | $633,771 | $1,218,585 |
Bronx River Alliance Inc Bronx, NY | $1,741,591 | $1,231,886 |
Sure We Can Inc Brooklyn, NY | $493,950 | $1,303,285 |
Stark Mountain Foundation Inc Waitsfield, VT | $715,466 | $539,834 |
Friends Of The Upper Delaware River Hancock, NY | $990,040 | $867,642 |
The Rhode Island Association Of Conservation Districts Johnston, RI | $109,768 | $657,384 |
National Onsite Wastewater Recycling Association Inc Westford, MA | $441,973 | $798,443 |
Student-Led Sustainable Initiatives Inc Dover, NH | $283,956 | $473,396 |
Northeast Recycling Council Brattleboro, VT | $1,206,462 | $754,846 |