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.
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 |
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 |
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 |
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 |