Wabisabi Inc
- Assets
- $305.1k
- Revenue
- $651.6k
- Investments
- $0.0
- Employees
- 48
- Location
- Moab, UT
- Founding
- 01/2003
- Data as of
- 12/2022
- EIN
- 43-1968574
Organization Overview
Wabisabi Inc is located in Moab, UT. The organization was established in 2003. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Wabisabi Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wabisabi 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, Wabisabi Inc generated $651.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $678.9k during the year ending 12/2022. While expenses have increased by 2.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE COMMUNITY IMPACT OF LOCAL NONPROFITS BY PROVIDING MONEY, MATERIALS, AND MENTORSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WABISABI PROVIDES MONEY TO AND RAISES AWARENESS OF LOCAL NONPROFITS THROUGH ITS NONPROFIT PARTNER PROGRAM AND MAKE-A-DIFFERENCE FUNDS. WABISABI UTILIZES ITS THRIFT STORE PROCEEDS AND AN ANNUAL FREE COMMUNITY THANKSGIVING MEAL TO RAISE FUNDS FOR THESE PROGRAMS. WABISABI ALSO PROVIDED COVID19 RELIEF FUNDS TO LOCAL NONPROFITS AFFECTED BY THE PANDEMIC THIS YEAR.
WABISABI PROVIDES NEEDED MATERIALS TO LOCAL NONPROFITS AND COMMUNITY MEMBERS IN NEED THROUGH IT'S COMMUNITY DONATIONS AND VOUCHERS PROGRAMS.
WABISABI PROVIDES MENTORSHIP TO LOCAL NONPROFITS THROUGH ITS NONPROFIT NETWORK. IT ALSO ADMINISTERS A LOCAL AMERICORPS STATE GRANT FOR THE BENEFIT OF AREA NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Pope Board Member | Trustee | 1 | $0 |
Shalee Bryant Board Member | Trustee | 1 | $0 |
Beth Holtby Board Member | Trustee | 1 | $0 |
Kevin Clyde Board Member | Trustee | 1 | $0 |
Linda Skogrand President | OfficerTrustee | 1 | $0 |
Sarah Barstow Treasurer | OfficerTrustee | 1 | $0 |
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 | $211,054 |
| Noncash contributions included in lines 1a–1f | $72,010 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,054 |
| Total Program Service Revenue | $0 |
| Investment income | $1,442 |
| 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 | $436,762 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $651,559 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,232 |
| 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. | $55,620 |
| Compensation of current officers, directors, key employees. | $12,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $342,212 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,043 |
| Payroll taxes | $22,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $413 |
| Fees for services: Accounting | $12,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,763 |
| Office expenses | $15,734 |
| Information technology | $7,930 |
| Royalties | $0 |
| Occupancy | $50,493 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $595 |
| Interest | $26 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,386 |
| Insurance | $30,795 |
| All other expenses | $1,803 |
| Total functional expenses | $678,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,145 |
| Savings and temporary cash investments | $207,192 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $50,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,148 |
| Accounts payable and accrued expenses | $3,848 |
| 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 | $5,586 |
| Total liabilities | $9,434 |
| Net assets without donor restrictions | $295,714 |
| 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 | $305,148 |
Grants Awarded
Over the last fiscal year, Wabisabi Inc has awarded $20,458 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MOAB PUBLIC RADIO KZMU PURPOSE: PROVIDING MONEY AND MATERIALS TO OUR NON-PROFIT PARTNERS | $5,218 |
UNDERDOG ANIMAL RESCUE AND REHAB PURPOSE: PROVIDING MONEY AND MATERIALS TO OUR NON-PROFIT PARTNERS | $9,106 |
MOAB VALLEY MULTICULTURAL CENTER PURPOSE: PROVIDING MONEY AND MATERIALS TO OUR NON-PROFIT PARTNERS | $6,134 |