Teen Warehouse Inc
- Assets
- $9.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 29
- Location
- Wilmington, DE
- Founding
- 05/2018
- Data as of
- 12/2021
- EIN
- 82-3855379
Organization Overview
Teen Warehouse Inc is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Teen Warehouse Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teen 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 12/2021, Teen Warehouse Inc generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
A DYNAMIC SPACE THAT PROVIDES WILMINGTON YOUTH WITH THE TOOLS TO BECOME CONTRIBUTING YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECREATION - DANCING, BASKETBALL, TEEN NIGHTS, YOGA AND MORE BUILDS COMMUNITY WHILE PROMOTING PHYSICAL WELL-BEING.EDUCATION - WITH COLLEGE AND CAREERS ON THE HORIZON, THE WAREHOUSE PROVIDES TUTORING, COUNSELING, MENTORING AND OTHER TOOLS TO PREPARE TEENS FOR THEIR NEXT LIFE STEPS. ARTS - AS CREATIVITY ABOUNDS IN TEENS, THE WAREHOUSE PROVIDES DIVERSE OUTLETS FOR EXPRESSION THROUGH VISUAL, PERFORMING AND ELECTRONIC ARTS. CAREERS - GREAT JOBS REQUIRE GREAT JOB SKILLS. FROM RESUME WRITING AND INTERVIEWING SKILLS TO HANDS ON JOB TRAINING, TEENS GAIN THE SKILLS THEY NEED FOR THE JOBS THEY WANT. HEALTH - TOGETHER WITH ITS PARTNERS, THE WAREHOUSE PROVIDES A FULL RANGE OF PHYSICAL, BEHAVIORAL AND MENTAL HEALTH SERVICES TEENS NEED TO THRIVE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Logan Herring Chief Executive Officer | Officer | 10 | $43,695 |
Kenyetta Mccurdy-Byrd Chief Operating Officer | Officer | 10 | $30,995 |
David Ford Chief Financial Strategist | Officer | 10 | $26,922 |
Anaya Patterson Co-Chair | OfficerTrustee | 2 | $0 |
Sherry Dorsey Walker Co-Chair | OfficerTrustee | 2 | $0 |
Sandee Drew Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $370,233 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,249,998 |
| Noncash contributions included in lines 1a–1f | $49,377 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,620,231 |
| Total Program Service Revenue | $334,484 |
| Investment income | $212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $211,319 |
| 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 | $4,166,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $111,702 |
| Compensation of current officers, directors, key employees. | $27,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,115 |
| Pension plan accruals and contributions | $16,849 |
| Other employee benefits | $60,515 |
| Payroll taxes | $30,196 |
| 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 | $7,950 |
| Advertising and promotion | $2,806 |
| Office expenses | $3,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,328 |
| Travel | $639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $243,283 |
| Insurance | $31,796 |
| All other expenses | $4,583 |
| Total functional expenses | $1,660,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,946,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $385,000 |
| Accounts receivable, net | $38,594 |
| 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 | $6,535,344 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,669 |
| Total assets | $8,970,758 |
| Accounts payable and accrued expenses | $46,620 |
| Grants payable | $0 |
| Deferred revenue | $27,250 |
| 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 | $544,602 |
| Other liabilities | $0 |
| Total liabilities | $618,472 |
| Net assets without donor restrictions | $7,151,707 |
| Net assets with donor restrictions | $1,200,579 |
| 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 | $8,970,758 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Teen Warehouse Inc has recieved totaling $610,000.
| Awarding Organization | Amount |
|---|---|
Ecmc Foundation Minneapolis, MN PURPOSE: Program Support | $350,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Kullman Family Foundation Wilmington, DE PURPOSE: TO SUPPORT CHARITABLE ENDEAVORS | $75,000 |
Wsfs Foundation Wilmington, DE PURPOSE: EDUCATION & LEADERSHIP DEVELOPMENT | $75,000 |
The National Restaurant Association Educational Foundation Washington, DC PURPOSE: Apprenticeship Program | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |
Federation Of Neighborhood Centers Inc Philadelphia, PA | $1,729,927 | $3,084,929 |
Youth Enrichment Programs Philadelphia, PA | $1,767,066 | $2,866,479 |
Tickets For Kids Foundation Pittsburgh, PA | $771,366 | $2,879,434 |
Pennsylvania Partnerships For Children Harrisburg, PA | $4,537,312 | $3,074,268 |
Taylor Diversion Programs Inc Tionesta, PA | $803,429 | $2,588,232 |