Idea Store Creative Reuse Center
- Assets
- $84.2k
- Revenue
- $263.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Urbana, IL
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 82-5475035
Organization Overview
Idea Store Creative Reuse Center is located in Urbana, IL. The organization was established in 2019. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 12/2021, Idea Store Creative Reuse Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Idea Store Creative Reuse Center 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, Idea Store Creative Reuse Center generated $263.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 38.5% each year . All expenses for the organization totaled $239.8k during the year ending 12/2021. While expenses have increased by 13.9% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IDEA STORE IS A NONPROFIT ORGANIZATION THAT FOSTERS CREATIVITY, EDUCATION, ENVIRONMENTAL STEWARDSHIP, AND COMMUNITY THROUGH REUSE. IT IS A CREATIVE REUSE CENTER THAT TAKES DONATION OF MATERIALS THAT MIGHT OTHERWISE GO TO THE LANDFILL AND PROVIDES THEM AT LOW COST TO FAMILIES AND EDUCATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REUSE STORE - OUR STORE SERVED OVER 21,000 COMMUNITY MEMBERS IN 2021 WITH LOW-COST CONVENTIONAL AND NONTRADITIONAL MATERIALS FOR ARTS, CRAFTS, AND EDUCATION. ALL OF OUR MATERIALS WERE DONATED BY COMMUNITY MEMBERS AND LOCAL BUSINESSES AND SOLD AT 10-50% OF RETAIL VALUE. OUR STORE ACCEPTED APPROXIMATELY 4500 DONATIONS OF MATERIALS IN 2021, ITEMS THAT WOULD OTHERWISE HAVE GONE TO THE LANDFILL. APPROXIMATELY 40 INDIVIDUALS VOLUNTEERED 1800 HOURS OF THEIR TIME TO OUR STORE, WITH AN ADDITIONAL 200 HOURS OF VOLUNTEER TIME PROVIDED BY SERVICE GROUPS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica P Ruddell Executive Director | Officer | 35 | $32,649 |
Jennifer Redden Secretary | OfficerTrustee | 2 | $0 |
Pius Weibel Treasurer | Officer | 2 | $0 |
Michael Ujcich Chair | Officer | 2 | $0 |
Rochelle Funderburg Vice-Chair | Officer | 2 | $0 |
Carol Jo Morgan Director | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,236 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,761 |
| Total Program Service Revenue | $218,323 |
| Investment income | $0 |
| 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 | $263,604 |
| 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. | $32,649 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,347 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,188 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,675 |
| Advertising and promotion | $5,902 |
| Office expenses | $2,904 |
| Information technology | $575 |
| Royalties | $0 |
| Occupancy | $88,088 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $6,399 |
| All other expenses | $422 |
| Total functional expenses | $239,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,408 |
| 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 | $5,835 |
| 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 | $84,243 |
| Accounts payable and accrued expenses | $3,577 |
| Grants payable | $0 |
| Deferred revenue | $21,033 |
| 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 | $48,872 |
| Other liabilities | $0 |
| Total liabilities | $73,482 |
| Net assets without donor restrictions | $10,761 |
| 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 | $84,243 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Evanston Rebuilding Warehouse Evanston, IL | $1,362,775 | $2,235,317 |
Bridging The Gap Inc Kansas City, MO | $2,728,222 | $2,269,512 |
The Surplus Exchange Kansas City, MO | $451,054 | $812,302 |
Shirley Heinze Land Tr Inc Valparaiso, IN | $18,008,836 | $2,760,866 |
Resource Center Chicago, IL | $249,771 | $789,572 |
Scraps Kc Inc Kansas City, MO | $255,046 | $528,626 |
Asphalt Recycling And Reclaiming Association Glen Ellyn, IL | $698,700 | $417,022 |
Kc Can Compost Kansas City, MO | $154,969 | $353,324 |
Idea Store Creative Reuse Center Urbana, IL | $84,243 | $263,604 |
People For Urban Progress Indianapolis, IN | $68,915 | $164,488 |
Berlin Conservation Club Inc Berlin, WI | $538,397 | $154,902 |
The Recyclery Collective Chicago, IL | $64,830 | $0 |