Worldwide Inventory Network Inc
- Assets
- $151.9m
- Revenue
- $23.6m
- Investments
- $0.0
- Employees
- 9
- Location
- St Louis, MO
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 43-1585007
Organization Overview
Worldwide Inventory Network Inc is located in St Louis, MO. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Worldwide Inventory Network Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worldwide Inventory Network 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 12/2022, Worldwide Inventory Network Inc generated $23.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $25.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE DONATED ASSETS TO OTHER TAX-EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTICIPATING 501(C)3 ORGANIZATIONS RECEIVED EXCESS, INVENTORY ITEMS OF DONOR COMPANIES FOR A SHARED MANAGEMENT FEE, WHICH IS A SMALL FRACTION OF THE DONATED VALUE. ACCORDINGLY, NO 2022 REVENUE IS TREATED AS REVENUE FROM AN "EXCESS CONTRIBUTOR" ON SCHEDULE A.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Laws Director | Trustee | 1 | $0 |
Craig Hogan Director | Trustee | 1 | $0 |
Patrick Turner Treasurer | OfficerTrustee | 1 | $0 |
Kathy Reznikov Secretary | OfficerTrustee | 1 | $0 |
Brenton Dearing Vice President | OfficerTrustee | 1 | $0 |
Anthony Difranco Program Director | 40 | $105,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,098,554 |
| Noncash contributions included in lines 1a–1f | $22,098,499 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,098,554 |
| Total Program Service Revenue | $1,487,374 |
| Investment income | $12,560 |
| 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 | $23,598,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,551,315 |
| 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. | $319,950 |
| Compensation of current officers, directors, key employees. | $223,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,680 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,229 |
| Fees for services: Accounting | $6,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $141,907 |
| Office expenses | $0 |
| Information technology | $132,705 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,726 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,807 |
| Interest | $39,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,751 |
| Insurance | $37,054 |
| All other expenses | $33,374 |
| Total functional expenses | $25,873,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,348,363 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $148,246,993 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,325,491 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $724 |
| Other assets | $0 |
| Total assets | $151,921,571 |
| Accounts payable and accrued expenses | $7,747 |
| 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 | $1,082,813 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,090,560 |
| Net assets without donor restrictions | $0 |
| 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 | $150,831,011 |
| Total liabilities and net assets/fund balances | $151,921,571 |