Bay Area Furniture Bank
- Assets
- $1.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 12
- Location
- Fremont, CA
- Founding
- 06/2016
- Data as of
- 06/2023
- EIN
- 81-0978660
Organization Overview
Bay Area Furniture Bank is located in Fremont, CA. The organization was established in 2016. 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 06/2023, Bay Area Furniture Bank employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Furniture Bank 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 06/2023, Bay Area Furniture Bank generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.8% each year . All expenses for the organization totaled $1.4m during the year ending 06/2023. While expenses have increased by 36.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE DIGNITY AND STABILITY BY REDIRECTING DONATED FURNITURE TO FAMILIES IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF BAY AREA FURNITURE BANK IS TO PROVIDE GENTLY USED, DONATED FURNITURE AND HOUSEHOLD GOODS TO THOSE WHO HAVE SUFFERED PERSONAL TRAGEDY OR DISASTER. OUR GOAL IS TO DECREASE HUMAN SUFFERING IN THE SAN FRANCISCO BAY AREA AND ASSIST THE COMMUNITY IN NEED TO ACHIEVE RESTORED HOPE. SELF-ESTEEM AND THE STABILITY TO MOVE AHEAD. WE BELIEVE THAT NO ONE SHOUD BE FORCED TO LIVE, SLEEP, OR EAT ON THE FLOOR. WE SERVE VETERANS, HOMELESS FAMILIES WITH CHILDRENL AND INDIVIDUALS TRANSITIONING TO HOUSING, DOMESTIC VIOLENCE VICTIMS, FOSTER CHILDREN AGING OUT, REFUGEES, VICTIMS OF FIRE AND FLOODING, AND LOW INCOME EARNING FAMILIES. THE BAY AREA FURNITURE BANK PICKS UP UNNEEDED USED FURNITURE AND DELIVERS IT TO INDIVIDUALS AND FAMILIES MOVING PUT OF HOMELESSNESS OR WHO ARE IN NEED. DURING THE PERIOD JULY 1, 2022 TO JUNE 30, 2023 THE BAY AREA FURNITURE BANK DELIVERED 11,478 PIECES OF FURNIURE TO 2,233 HOUSEHOLDS. THE BAY AREA FURNITURE BANK WORKED WITH 45 SOCIAL SERVICE AGENCIES AND PROGRAMS TO IDENTIFY THESE HOUSEHOLLDS AND TO PROVIDE THEM WITH FREE FURNITURE. OF ALL ASSISTED INDIVIDUALS 40% OF THEM WERE CHILDREN.TO HELP PROVIDE THESE SERVICES, THE ORGANIZATION ALSO RECEIVED DONATIONS OF THE USE OF WAREHOUSE SPACE, THE USE OF A DELIVERY TRUCK, AND TIME SPENT BY SPECILIZED VOLUNTEERS. DURING THE FISCAL YEAR, THE VALUE OF THESE ITEMS WAS $632,000, $48,415 AND $128,251, RESPECTIVELY.
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 |
|---|---|---|---|
Richard Gross Chairman Of Board | OfficerTrustee | 3 | $0 |
Renee Barnstone Director | Trustee | 1 | $0 |
Robert Daw Director | Trustee | 1 | $0 |
Brian Friss Director | Trustee | 1 | $0 |
Tarrah Henrie Director | Trustee | 1 | $0 |
Tom Wasow Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $22 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,896 |
| Noncash contributions included in lines 1a–1f | $239,323 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,918 |
| Total Program Service Revenue | $1,252,828 |
| Investment income | $8,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,377 |
| 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 | $1,601,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $607,915 |
| 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 | $16,833 |
| Other salaries and wages | $447,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $167,927 |
| Payroll taxes | $8,552 |
| Fees for services: Management | $62,286 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,887 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,821 |
| Advertising and promotion | $2,084 |
| Office expenses | $8,411 |
| Information technology | $4,213 |
| Royalties | $0 |
| Occupancy | $10,915 |
| Travel | $1,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,524 |
| Insurance | $9,988 |
| All other expenses | $0 |
| Total functional expenses | $1,403,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,380 |
| Savings and temporary cash investments | $899,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $76,445 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $180,537 |
| Prepaid expenses and deferred charges | $2,023 |
| Net Land, buildings, and equipment | $11,368 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,477,521 |
| Accounts payable and accrued expenses | $63,734 |
| Grants payable | $0 |
| Deferred revenue | $9,510 |
| 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 | $0 |
| Total liabilities | $73,244 |
| Net assets without donor restrictions | $1,404,277 |
| 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 | $1,477,521 |