Wabisabi Inc

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 12/2021, Wabisabi Inc employed 60 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 12/2021, Wabisabi Inc generated $787.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $684.3k during the year ending 12/2021. While expenses have increased by 2.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

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)Compensation
Elizabeth Han
Executive Director
$60,500
Linda Skogrand
President
$0
Sarah Barstow
Treasurer
$0
Kaitlin Myers
Secretary
$0
Kevin Clyde
Board Member
$0
Julie Baird
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $139,400
All other contributions, gifts, grants, and similar amounts not included above$231,581
Noncash contributions included in lines 1a–1f $57,865
Total Revenue from Contributions, Gifts, Grants & Similar$370,981
Total Program Service Revenue$0
Investment income $564
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $400
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $407,651
Miscellaneous Revenue$0
Total Revenue $787,061

Grants Awarded

Over the last fiscal year, Wabisabi Inc has awarded $20,458 in support to 3 organizations.

Grant RecipientAmount

UNDERDOG ANIMAL RESCUE AND REHAB

Org PageRecipient Profile

Moab, UT

PURPOSE: PROVIDING MONEY AND MATERIALS TO OUR NON-PROFIT PARTNERS

$9,106

MOAB VALLEY MULTICULTURAL CENTER

Org PageRecipient Profile

Moab, UT

PURPOSE: PROVIDING MONEY AND MATERIALS TO OUR NON-PROFIT PARTNERS

$6,134

MOAB PUBLIC RADIO KZMU

Org PageRecipient Profile

Moab, UT

PURPOSE: PROVIDING MONEY AND MATERIALS TO OUR NON-PROFIT PARTNERS

$5,218
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Wabisabi Inc has recieved totaling $5,000.

Awarding OrganizationAmount
May Family Foundation

Wilmington, DE

PURPOSE: FOR THE WABI SABI COMMUNITY THANKSGIVING MEAL

$5,000
View Grant Recipient Profile

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