Worldwide Inventory Network Inc
- Assets
- $154.3m
- Revenue
- $31.7m
- Investments
- $0.0
- Employees
- 8
- Location
- St Louis, MO
- Founding
- 12/1991
- Data as of
- 12/2021
- 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 12/2021, Worldwide Inventory Network Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worldwide Inventory Network 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 12/2021, Worldwide Inventory Network Inc generated $31.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $37.5m during the year ending 12/2021. 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
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 2020 REVENUE IS TREATED AS REVENUE FROM AN "EXCESS CONTRIBUTOR" ON SCHEDULE A.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Laws President | OfficerTrustee | 40 | $201,991 |
Patrick Turner Treasurer | OfficerTrustee | 1 | $0 |
Brenton Dearing Vice President | OfficerTrustee | 1 | $0 |
Kathy Reznikov Secretary | 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 | $104,305 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,276,795 |
| Noncash contributions included in lines 1a–1f | $30,276,784 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,381,100 |
| Total Program Service Revenue | $1,350,050 |
| Investment income | $6,997 |
| 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 | $31,738,147 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,151,846 |
| 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. | $201,991 |
| Compensation of current officers, directors, key employees. | $141,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $294,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,640 |
| Fees for services: Management | $2,533 |
| Fees for services: Legal | $9,590 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $173,962 |
| Office expenses | $0 |
| Information technology | $245,467 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $533 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,448 |
| Interest | $49,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,879 |
| Insurance | $37,793 |
| All other expenses | $28,304 |
| Total functional expenses | $37,548,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,214,043 |
| 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 | $150,657,994 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,399,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,016 |
| Other assets | $0 |
| Total assets | $154,273,003 |
| Accounts payable and accrued expenses | $8,892 |
| 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 | $1,118,470 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $39,998 |
| Total liabilities | $1,167,360 |
| 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 | $153,105,643 |
| Total liabilities and net assets/fund balances | $154,273,003 |
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 |
|---|---|---|
Jewish United Fund Of Metropolitan Chicago Chicago, IL | $237,716,660 | $98,017,955 |
United Way Of Greater St Louis Inc Saint Louis, MO | $114,175,989 | $83,585,264 |
Nebraska Children And Families Foundation Lincoln, NE | $60,865,953 | $72,528,420 |
United Way Of Metropolitan Chicago Inc Chicago, IL | $58,068,035 | $46,184,540 |
Peter Kiewit Foundation Omaha, NE | $431,803,629 | $21,833,373 |
United Way Of The Midlands Omaha, NE | $22,649,944 | $36,718,233 |
Worldwide Inventory Network Inc St Louis, MO | $154,273,003 | $31,738,147 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
United Way Of Greater Kansas City Inc Kansas City, MO | $27,299,107 | $44,015,637 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
Jewish Federation Of Omaha Inc Omaha, NE | $53,867,184 | $39,560,353 |
United Way Of Central Iowa Des Moines, IA | $37,480,917 | $26,442,012 |