Central Furniture Rescue
- Assets
- $166.3k
- Revenue
- $314.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 84-2506457
Organization Overview
Central Furniture Rescue is located in Cedar Rapids, IA. The organization was established in 2019. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Furniture Rescue 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, Central Furniture Rescue generated $314.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $221.1k during the year ending 12/2021. While expenses have increased by 32.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTRAL FURNITURE RESCUE EXISTS FOR THE PURPOSE OF COLLECTING USED FURNITURE AND OTHER HOUSEHOLD ITEMS AND PROVIDING THEM TO INDIVIDUALS AND FAMILIES TRANSITIONING FROM HOMELESS SHELTERS INTO THEIR OWN HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DELIVERING FURNITURE AND OTHER HOUSEHOLD ITEMS TO TRANSITIONING INDIVIDUALS AND FAMILIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Bradford Secretary | OfficerTrustee | 8 | $0 |
Susan Johnston President | OfficerTrustee | 30 | $0 |
Tyler Kuehl Treasurer | OfficerTrustee | 8 | $0 |
Josh Putz Director | Trustee | 8 | $0 |
Nora Heaton Director | Trustee | 8 | $0 |
Alicia Faust Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,209 |
| Noncash contributions included in lines 1a–1f | $132,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $318,309 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,595 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,902 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $144,608 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,799 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,681 |
| 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 | $2,896 |
| Insurance | $2,624 |
| All other expenses | $2,641 |
| Total functional expenses | $221,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,832 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,909 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,539 |
| Total assets | $166,280 |
| 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 | $166,280 |
| 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 | $166,280 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Furniture Rescue has recieved totaling $37,128.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $21,128 |
Greater Cedar Rapids Community Foundation Cedar Rapids, IA PURPOSE: TURNING A HOUSE INTO A HOME FOR FAMILIES IN NEED | $16,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Pathways North Branch, MN | $11,559,805 | $11,964,466 |
Sharing Connections Inc Downers Grove, IL | $1,421,434 | $5,757,318 |
St Vincent De Paul Society District Council Of Green Bay Green Bay, WI | $6,984,787 | $5,313,113 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Depot Outlet Inc Decorah, IA | $1,906,503 | $2,062,809 |
St Vincent De Paul Council Of Neenah-Menasha Inc Neenah, WI | $2,036,881 | $1,874,816 |
Boys & Girls Club Thrift Store Of Detroit Lakes Detroit Lakes, MN | $3,328,510 | $3,129,793 |
St Josephs Conference Of The Societ St Vincent De Paul Inc Rice Lake, WI | $1,420,027 | $1,322,338 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |
Pass It On Center Crestwood, IL | $416,345 | $1,343,200 |
The Hope Chest Of Pekin Nfp Pekin, IL | $425,808 | $984,355 |
Overflow Thrift Store Inc Ames, IA | $470,741 | $892,857 |