Re-Store Warehouse Inc
- Assets
- $239.6k
- Revenue
- $900.9k
- Investments
- $0.0
- Employees
- 25
- Location
- Fayetteville, NC
- Founding
- 08/1999
- Data as of
- 06/2022
- EIN
- 56-2134876
Organization Overview
Re-Store Warehouse Inc is located in Fayetteville, NC. The organization was established in 1999. According to its NTEE Classification (J32) the organization is classified as: Goodwill Industries, under the broad grouping of Employment and related organizations. As of 06/2022, Re-Store Warehouse Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Re-Store Warehouse 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, Re-Store Warehouse Inc generated $900.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $818.2k during the year ending 06/2022. While expenses have increased by 3.0% 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.
Since 2019, Re-Store Warehouse Inc has awarded 17 individual grants totaling $325,323. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT LOCAL CHARITIES THAT HELP THE LESS FORTUNATE IN FAYETTEVILLE AND SURROUNDING AREAS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RE-STORE WAREHOUSE SELLS NEW AND USED KITCHEN CABINETS, FURNITURE, APPLIANCES, MATTRESSES, FLOORING, LIGHTING AND OTHER RENOVATION SUPPLIES TO THE PUBLIC AT THRIFT PRICES, WITH PROCEEDS GOING BACK TO ORGANIZATIONS THAT HELP THE LESS FORTUNATE CITIZENS OF CUMBERLAND COUNTY. THIS PAST YEAR THE RE-STORE WAREHOUSE WAS ABLE TO DONATE MORE THAN $100,000 OF ITS PROFITS TO LOAL NON-PROFIT ORGANIZATIONS INCLUDING THE FAYETTEVILLE URBAN MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hairr Vice-President | OfficerTrustee | 2 | $0 |
Sarah Miranda Secretary/treasurer | OfficerTrustee | 2 | $0 |
Mcbryde Grannis President | OfficerTrustee | 2 | $0 |
Joe Quigg Director | Trustee | 1 | $0 |
Kenneth Barefoot Director | Trustee | 1 | $0 |
Pat Howell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,397 |
| Noncash contributions included in lines 1a–1f | $392,619 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $393,334 |
| Total Program Service Revenue | $0 |
| Investment income | $597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,000 |
| Net Gain/Loss on Asset Sales | $4,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $459,431 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $900,915 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,649 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $375,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,494 |
| Advertising and promotion | $107,958 |
| Office expenses | $17,194 |
| Information technology | $1,765 |
| Royalties | $0 |
| Occupancy | $37,316 |
| Travel | $186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,621 |
| Insurance | $31,727 |
| All other expenses | $26,928 |
| Total functional expenses | $818,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,502 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,352 |
| Total assets | $239,622 |
| Accounts payable and accrued expenses | $18,728 |
| 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 | $138,618 |
| Other liabilities | $0 |
| Total liabilities | $157,346 |
| Net assets without donor restrictions | $82,276 |
| 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 | $239,622 |
Grants Awarded
Over the last fiscal year, Re-Store Warehouse Inc has awarded $76,544 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fayetteville, NC PURPOSE: TO HELP FUND THE COSTS OF RENOVATING LOW INCOME HOUSING. | $44,044 |
Chicago, IL PURPOSE: TO HELP PROVIDE A HOLISTIC, OPPORTUNISTIC, POSITIVE EDUCATION TO STUDENTS WITH AUTISM IN A NURTURING ENVIRONMENT LEADING TO A POSITIVE AND PRODUCTIVE FUTURE FOR OUR STUDENTS AND THEIR FAMILIES. | $17,000 |
Fayetteville, NC PURPOSE: TO HELP PROVIDE ASSISTANCE TO INDIVIDUALS IN NEED IN THE FAYETTEVILLE AREA. | $8,500 |
Schnecksville, PA PURPOSE: TO GIVE THERAPUTIC OPPORTUNITIS TO FAMILIES AND INDIVIDUALS WHO OTHERWISE WOULD NOT HAVE SUCH RESOURCES AVAILABLE TO THEM. | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of The Southern Piedmont Inc Charlotte, NC | $76,574,233 | $82,780,757 |
Goodwill Industries Of Nw North Carolina Inc Winstonsalem, NC | $108,043,480 | $64,178,762 |
Goodwill Industries Of Middle Tennessee Inc Nashville, TN | $119,782,288 | $78,995,552 |
Goodwill Of Central And Coastal Virginia Inc Richmond, VA | $105,082,511 | $64,066,078 |
Goodwill Industries Of Upstate Midlands South Carolina Inc Greenville, SC | $95,333,178 | $62,292,069 |
Goodwill Industries Of Middle Georgia Inc Macon, GA | $45,866,636 | $50,420,104 |
Goodwill Industries Of The Southern Rivers Inc Columbus, GA | $35,574,289 | $32,786,540 |
Goodwill Of The Coastal Empire Inc Savannah, GA | $24,855,946 | $31,151,976 |
Goodwill Industries Of Eastern North Carolina Inc Durham, NC | $83,105,565 | $44,260,656 |
Goodwill Industries Of Central North Carolina Inc Greensboro, NC | $40,100,021 | $25,790,924 |
Goodwill Industries - Knoxville Inc Knoxville, TN | $38,369,521 | $19,652,369 |
Goodwill Industries Of The Valleys Inc Roanoke, VA | $51,978,727 | $17,146,868 |