Furniture Bank Of Southeast Connecticut Inc
- Assets
- $14.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gales Ferry, CT
- Founding
- 10/2005
- Data as of
- 06/2022
- EIN
- 55-0890897
Organization Overview
Furniture Bank Of Southeast Connecticut Inc is located in Gales Ferry, CT. The organization was established in 2005. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furniture Bank Of Southeast Connecticut 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 06/2022, Furniture Bank Of Southeast Connecticut Inc generated $53.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $56.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Nordquist President | 1 | $0 | |
Deborah Eld Secretary | 1 | $0 | |
Michael Wuesthoff Treasurer | 10 | $0 | |
Hugh Busey Director | 1 | $0 | |
Grace Demarco Director | 1 | $0 | |
Andrew Eld Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,950 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,938 |
| Other Revenue | $0 |
| Total Revenue | $53,888 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $101 |
| Occupancy, rent, utilities, and maintenance | $9,312 |
| Printing, publications, postage, and shipping | $8 |
| Other expenses | $46,584 |
| Total expenses | $56,005 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,594 |
| Other assets | $0 |
| Total assets | $14,008 |
| Total liabilities | $0 |
| Net assets or fund balances | $14,008 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Furniture Bank Of Southeast Connecticut Inc has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: PURCHASE BEDS FOR CONNECTICUT FAMILIES IN FINANCIAL NEED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Waste-Not-Want-Not Inc New York, NY | $85,775 | $905,044 |
Vintage Thrift Shop Corporation New York, NY | $949,773 | $1,175,007 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Cure Thrift Inc New York, NY | $155,357 | $464,737 |
Guilford A Better Chance Inc Guilford, CT | $1,168,167 | $433,191 |
Barn Thrift Shop Salt Point, NY | $790,793 | $390,609 |
Ruths House Inc Haverhill, MA | $719,429 | $420,511 |
Thrift Shop Of Boston Inc Boston, MA | $463,981 | $608,764 |