Drawer Inc
- Assets
- $374.5k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Eagan, MN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-2834119
Organization Overview
Drawer Inc is located in Eagan, MN. The organization was established in 2017. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Drawer Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drawer 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 12/2023, Drawer Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $960.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Drawer Inc has awarded 24 individual grants totaling $440,072. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE WARMTH AND DIGNITY TO THOSE IN NEED THROUGH THE GIFT OF NEW SOCKS AND UNDERWEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DRAWER COLLECTED 155,575 PAIRS OF NEW SOCKS AND/OR UNDERWEAR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stew Shepard President | Officer | 15 | $0 |
Randy Felch Vice President | Officer | 5 | $0 |
Rian Greseth Treasurer | Officer | 5 | $0 |
Candice Magnam Secretary | Officer | 5 | $0 |
Phil Sarff Member-At-Larg | Officer | 5 | $0 |
Andy Carr Member-At-Larg | Officer | 5 | $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 | $1,090,618 |
| Noncash contributions included in lines 1a–1f | $870,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,090,618 |
| Total Program Service Revenue | $0 |
| Investment income | $202 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,090,820 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $851,926 |
| 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. | $65,448 |
| Compensation of current officers, directors, key employees. | $6,194 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,529 |
| 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 | $10,000 |
| Advertising and promotion | $2,055 |
| Office expenses | $61 |
| Information technology | $2,828 |
| Royalties | $0 |
| Occupancy | $7,386 |
| Travel | $387 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $913 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,020 |
| All other expenses | $0 |
| Total functional expenses | $960,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,584 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $190,850 |
| Prepaid expenses and deferred charges | $751 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $374,510 |
| Accounts payable and accrued expenses | $1,849 |
| 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 | $0 |
| Total liabilities | $1,849 |
| Net assets without donor restrictions | $372,661 |
| 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 | $374,510 |
Grants Awarded
Over the last fiscal year, Drawer Inc has awarded $317,668 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ANOKA HENN SCHOO PURPOSE: Benvolence | $50,420 |
3000 ACTS OF KIN PURPOSE: Benevolenc | $40,000 |
SCHOOL A PALOOZA PURPOSE: Benevolenc | $40,000 |
WORLD EFFORT FOU PURPOSE: Benevolenc | $35,590 |
TOYS FOR TOTS PURPOSE: Benevolenc | $23,080 |
LISTNING HOUSE PURPOSE: Benevolenc | $34,310 |