Mustard Seed Furniture Bank Of Fort Wayne Inc
- Assets
- $812.0k
- Revenue
- $483.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Fort Wayne, IN
- Founding
- 04/2002
- Data as of
- 12/2023
- EIN
- 35-2149283
Organization Overview
Mustard Seed Furniture Bank Of Fort Wayne Inc is located in Fort Wayne, IN. The organization was established in 2002. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2023, Mustard Seed Furniture Bank Of Fort Wayne Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mustard Seed Furniture Bank Of Fort Wayne 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 12/2023, Mustard Seed Furniture Bank Of Fort Wayne Inc generated $483.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $504.9k during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
TO PROVIDE HOUSEHOLD FURNISHINGS TO FAMILIES AND INDIVIDUALS AS THEY REBUILD THEIR LIVES AFTER SUFFERING DISASTER, PERSONAL TRAGEDY OR OTHER MISFORTUNES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2002, THE MUSTARD SEED FURNITURE BANK OF FORT WAYNE HAS BEEN PROVIDING HOUSEHOLD FURNITURE, LINENS, AND KITCHENWARE TO FAMILIES AND INDIVIDUALS AS THEY REBUILD THEIR LIVES AFTER SUFFERING DISASTER, PERSONAL TRAGEDY OR OTHER MISFORTUNES. DONATED ITEMS THAT MEET THE MISSION AND HAVE LIFE TO SHARE ARE PROVIDED BY BUSINESSES, ORGANIZATIONS AND INDIVIDUALS. IN 2022, DONATIONS CAME FROM OVER 1,887 DONOR SOURCES. VOLUNTEERS AND STAFF PICK UP, SORT AND DISPLAY THE ITEMS IN OUR WAREHOUSE. CLIENTS ARE REFERRED IN TO THE AGENCY THROUGH A COLLABORATION WITH LOCAL NON-PROFIT ORGANIZATIONS, SOCIAL SERVICE AGENCIES, CHURCHES AND SCHOOLS. OUR AGENCY PROVIDED DIRECT SERVICES TO 362 HOUSEHOLDS IN OUR LOCAL SERVICE AREA, TOUCHING THE LIVES OF 490 ADULTS AND 546 CHILDREN. DEPENDING ON THE CLIENT'S REFERRAL AND OUR STOCK, THEY CAN RECEIVE LARGE ITEMS (SOFA, BED, LIVING ROOM CHAIRS, END/COFFEE TABLES, KITCHEN TABLE AND CHAIRS, DRESSER, ETC.) AS WELL AS BED AND KITCHEN LINENS AND KITCHENWARE. HOME DECOR ITEMS ALONG WITH COOK BOOKS AND CHILDREN'S BOOKS NOW REMAIN THE BACK AREA OF THE WAREHOUSE FOR CLIENTS TO CHOOSE WHEN LOADING UP THEIR VARIOUS ITEMS TO MAKE THEIR HOUSE A HOME. THE BEDS4KIDS PROGRAM ALLOWS CHILDREN, AGES 2-17, WHO NEED BEDS, TO OBTAIN EVERYTHING NEEDED FOR A NIGHT OF SLEEP IN THEIR OWN CLEAN AND COMFORTABLE BED THAT INCLUDES A NEW MATTRESS, PLATFORM BED FRAME, AND GENTLY-USED OR NEW BLANKET AND SHEETS. IN 2022, WE PROVIDED COMPLETED BED PACKAGES TO 546 CHILDREN. ALLOWING THE MISSION TO CONTINUE AS THE MUSTARD SEED "FURNISHES HELP TO REBUILD LIVES."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Jordan Executive Di | Officer | 1 | $54,561 |
Sarah Lance Executive Di | Officer | 40 | $9,231 |
David Barksdale Director | Trustee | 0.5 | $0 |
Brooks Diller Treasurer | OfficerTrustee | 1 | $0 |
Jordan Huttenlocker Director | Trustee | 0.5 | $0 |
Mikel Kamphues President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $120,668 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $379,940 |
| Noncash contributions included in lines 1a–1f | $106,088 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $500,608 |
| Total Program Service Revenue | $9,261 |
| Investment income | $187 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,383 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $483,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $211,413 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,792 |
| Compensation of current officers, directors, key employees. | $6,379 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $89,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,618 |
| Payroll taxes | $10,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,715 |
| Advertising and promotion | $6,964 |
| Office expenses | $26,349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,251 |
| 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 | $16,456 |
| Insurance | $13,209 |
| All other expenses | $699 |
| Total functional expenses | $504,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $479,165 |
| 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 | $15,460 |
| Net Land, buildings, and equipment | $227,295 |
| Investments—publicly traded securities | $68,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,594 |
| Total assets | $811,979 |
| Accounts payable and accrued expenses | $5,325 |
| 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 | $5,325 |
| Net assets without donor restrictions | $710,563 |
| Net assets with donor restrictions | $96,091 |
| 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 | $811,979 |