Furniture Project Omaha
- Assets
- $761.6k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Omaha, NE
- Founding
- 05/2019
- Data as of
- 12/2023
- EIN
- 83-3909969
Organization Overview
Furniture Project Omaha is located in Omaha, NE. The organization was established in 2019. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Furniture Project Omaha employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Furniture Project Omaha 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, Furniture Project Omaha generated $1.2m in total revenue. All expenses for the organization totaled $765.3k during the year ending 12/2023. While expenses have increased by 141.7% per year over the past 3 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
PROVIDE ASSISTANCE TO THOSE IN-NEED WITHIN OUR COMMUNITY. WE WANT TO NOT ONLY PROVIDE FURNITURE BUT ALSO INSPIRE HOPE TO SHOW THEM THAT THEIR NEIGHBORS CARE ABOUT THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FURNITURE PROJECT PROVIDES FAMILIES AND INDIVIDUALS WHO ARE PURSUING STABLE HOUSING WITH QUALITY FURNITURE AND HOUSEHOLD GOODS TO STABILIZE AND IMPROVE LIVES WHILE EFFECTIVELY USING COMMUNITY RESOURCES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Hoppe Executive Director | Officer | 40 | $94,231 |
Drew Gerken President/community Outreach/founder | Trustee | 40 | $48,077 |
Jay Koehn Vice President | Trustee | 1 | $0 |
Lacey Studnicka Secretary | Trustee | 1 | $0 |
Jason Mcgill Treasurer | Trustee | 2 | $0 |
Kaela Volkmer Director | Trustee | 1 | $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 | $1,180,815 |
| Noncash contributions included in lines 1a–1f | $368,441 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,815 |
| Total Program Service Revenue | $0 |
| Investment income | $122 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,180,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $204,017 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,231 |
| Compensation of current officers, directors, key employees. | $23,558 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,550 |
| Payroll taxes | $29,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,816 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,075 |
| Advertising and promotion | $42,405 |
| Office expenses | $10,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $19,304 |
| Insurance | $8,096 |
| All other expenses | $15,615 |
| Total functional expenses | $765,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,641 |
| Savings and temporary cash investments | $17,579 |
| 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 | $71,412 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $761,632 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $744,058 |
| Net assets with donor restrictions | $17,574 |
| 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 | $761,632 |