Worldwide Inventory Network Inc
- Assets
- $150.2m
- Revenue
- $19.0m
- Investments
- $0.0
- Employees
- 12
- Location
- St Louis, MO
- Founding
- 12/1991
- Data as of
- 12/2019
- EIN
- 43-1585007
Organization Overview
Worldwide Inventory Network Inc is located in St Louis, MO. The organization was established in 1991. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2019, Worldwide Inventory Network Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2019, Worldwide Inventory Network Inc generated $19.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $24.4m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (20.1%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
DISTRIBUTE DONATED ASSETS TO OTHER TAX-EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTICIPATING 501(C)3 ORGANIZATIONS RECEIVED EXCESS, INVENTORY ITEMS OF DONOR COMPANIES FOR A SHARED MANAGEMENT FEE, WHICH IS A SMALL FRACTION OF THE DONATED VALUE. ACCORDINGLY, NO 2019 REVENUE IS TREATED AS REVENUE FROM AN "EXCESS CONTRIBUTOR" ON SCHEDULE A.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Laws President | OfficerTrustee | 40 | $197,590 |
Patrick Turner Treasurer | OfficerTrustee | 1 | $0 |
Kathy Reznikov Secretary | OfficerTrustee | 1 | $0 |
Brenton Dearing Vice President | OfficerTrustee | 1 | $0 |
Joyce Laws Director | Trustee | 1 | $0 |
Craig Hogan 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 | $17,782,331 |
| Noncash contributions included in lines 1a–1f | $17,782,331 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,782,331 |
| Total Program Service Revenue | $1,161,575 |
| Investment income | $8,139 |
| 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 | $18,952,045 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,260,850 |
| 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. | $197,589 |
| Compensation of current officers, directors, key employees. | $138,312 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,116 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $37,881 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,223 |
| Fees for services: Accounting | $7,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $138,117 |
| Office expenses | $0 |
| Information technology | $89,627 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $1,569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,420 |
| Interest | $56,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,636 |
| Insurance | $32,657 |
| All other expenses | $31,314 |
| Total functional expenses | $24,439,733 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,035,407 |
| 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 | $146,655,770 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,552,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,600 |
| Other assets | $0 |
| Total assets | $150,245,700 |
| Accounts payable and accrued expenses | $6,542 |
| 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 | $1,210,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $119,999 |
| Total liabilities | $1,337,048 |
| 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 | $148,908,652 |
| Total liabilities and net assets/fund balances | $150,245,700 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Worldwide Inventory Network Inc has recieved totaling $9,191.
| Awarding Organization | Amount |
|---|---|
The Toy Foundation Inc New York, NY PURPOSE: TOY BANK 2.0 (2) | $9,191 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of Middle Tennessee Inc Nashville, TN | $46,577,049 | $49,296,824 |
Crown Family Foundation Chicago, IL | $385,687,959 | $10,125,325 |
United Way Of Central Iowa Des Moines, IA | $41,931,356 | $30,163,758 |
Jewish Federation Of Omaha Inc Omaha, NE | $64,400,799 | $34,961,555 |
United Way Of Greater Kansas City Inc Kansas City, MO | $25,862,042 | $26,294,406 |
Nebraska Children And Families Foundation Lincoln, NE | $43,964,007 | $22,144,536 |
Tulsa Area United Way Tulsa, OK | $37,870,826 | $25,565,489 |
Worldwide Inventory Network Inc St Louis, MO | $150,245,700 | $18,952,045 |
Metro United Way Inc Louisville, KY | $32,586,000 | $24,309,695 |
United Way Of Central Oklahoma Oklahoma City, OK | $29,118,656 | $18,038,912 |
Christian Community Health Center Chicago, IL | $22,627,350 | $21,526,590 |
United Way Of The Mid-South Memphis, TN | $13,120,964 | $17,907,730 |