The Storehouse
- Assets
- $206.4k
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Covington, WA
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 02-0551015
Organization Overview
The Storehouse is located in Covington, WA. The organization was established in 2004. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2021, Storehouse employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storehouse 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, Storehouse generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 16.4% per year over the past 7 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 STOREHOUSE IS A FOOD BANK THAT PROVIDES FOOD AND SUPPLIES TO FAMILIES IN NEED IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STOREHOUSE COLLECTS FOOD AND OTHER DONATIONS AND THEN PURCHASES FOOD AND OTHER NECESSITIES WITH THE MONEY THAT IS DONATED. THE STOREHOUSE THEN GIVES THE FOOD AND OTHER NECESSITIES TO PEOPLE IN NEED IN THE LOCAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liesl Kershner President | OfficerTrustee | 34 | $35,040 |
David Kulp Secretary | OfficerTrustee | 3 | $0 |
Debby Hartsock Treasurer | OfficerTrustee | 5 | $0 |
Willard Nielsen Director | Trustee | 3 | $0 |
Rick Hayes Director | Trustee | 3 | $0 |
Rob Guthrie Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,313 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,318,128 |
| Noncash contributions included in lines 1a–1f | $2,187,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,352,441 |
| 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 | $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 | $2,352,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,152,638 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $34,460 |
| Compensation of current officers, directors, key employees. | $11,487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,923 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $835 |
| Office expenses | $3,058 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,162 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $492 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,755 |
| Insurance | $677 |
| All other expenses | $5,122 |
| Total functional expenses | $2,321,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,972 |
| 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 | $84,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,428 |
| Accounts payable and accrued expenses | $2,139 |
| 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 | $2,139 |
| Net assets without donor restrictions | $0 |
| 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 | $204,289 |
| Total liabilities and net assets/fund balances | $206,428 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Storehouse has recieved totaling $17,777.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: PROVIDE EMERGENCY FOOD ASSISTANCE | | $17,663 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $114 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Food For Lane County Eugene, OR | $21,565,696 | $21,900,710 |
Marion-Polk Food Share Inc Salem, OR | $12,481,523 | $19,024,732 |
Blue Mountain Action Council Inc Walla Walla, WA | $15,285,030 | $16,921,304 |
Clark County Food Bank Vancouver, WA | $21,573,069 | $16,473,935 |
Thurston County Food Bank Olympia, WA | $15,377,704 | $14,632,997 |
Nourish Pierce County Tacoma, WA | $6,902,887 | $13,313,194 |
Community Resource Tr Salem, OR | $3,086,644 | $1,030,928 |
Alternatives To Hunger Bellingham, WA | $14,845,040 | $9,214,173 |
Bonney Lake Community Resources Buckley, WA | $943,649 | $8,388,464 |
Helping Hands Food Bank Of Sedro Woolley Sedro Woolley, WA | $3,405,345 | $7,836,034 |
West Seattle Food Bank Seattle, WA | $4,611,291 | $5,862,402 |
Tri-Cities Food Bank Kennewick, WA | $2,774,652 | $5,081,989 |