Bay Area Furniture Bank
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Sunnyvale, CA
- Founding
- 06/2016
- Data as of
- 06/2022
- EIN
- 81-0978660
Organization Overview
Bay Area Furniture Bank is located in Sunnyvale, CA. The organization was established in 2016. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 06/2022, Bay Area Furniture Bank employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Area Furniture Bank 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 06/2022, Bay Area Furniture Bank generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 37.8% each year . All expenses for the organization totaled $907.0k during the year ending 06/2022. While expenses have increased by 42.1% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROVIDE GENTLY USED, DONATED FURNITURE AND HOUSEHOLD GOODS TO THOSE WHO HAVE SUFFERED PERSONAL TRAGEDY OR DISASTER. OUR GOAL IS TO DECREASE HUMAN SUFFERING IN THE SAN FRANCISCO BAY AREA AND ASSIST THE COMMUNITY IN NEED TO ACHIEVE RESTORED HOPE, SELF-ESTEEM AND THE STABILITY TO MOVE AHEAD. WE BELIEVE THAT NO ONE SHOULD BE FORCED TO LIVE, SLEEP, OR EAT ON THE FLOOR. WE SERVE VETERANS, HOMELESS FAMILIES AND INDIVIDUALS TRANSITIONING TO HOUSING, DOMESTIC VIOLENCE VICTIMS, FOSTER CHILDREN AGING OUT, REFUGEES, VICTIMS OF FIRE AND FLOODING AND LOW-INCOME EARNING FAMILIES. OVER 40% OF OUR CLIENTS SERVED ARE CHILDREN. WE PROVIDE THESE ITEMS AT NO COST TO THE CLIENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BAY AREA FURNITURE BANK PICKS UP UNNEEDED USED FURNITURE AND DELIVERS IT TO INDIVIDUALS AND FAMILIES MOVING OUT OF HOMELESSNESS OR WHO ARE IN NEED. DURING THE FISCAL YEAR, THE BAFB DELIVERED 6,422 PIECES OF FURNITURE TO 860 HOUSEHOLDS. THE BAFB WORKED WITH 45 SOCIAL SERVICE AGENCIES AND PROGRAMS TO IDENTIFY THESE HOUSEHOLDS AND TO PROVIDE THEM WITH FURNITURE. TO HELP PROVIDE THESE SERVICES, THE BAFB RECEIVED DONATIONS OF THE USE OF WAREHOUSE SPACE, THE USE OF A DELIVERY TRUCK, AND TIME SPENT BY VOLUNTEERS. DURING THE FISCAL YEAR, THE BAFB ESTIMATES THE VALUE OF THESE ITEMS WAS $640,000, $42,000, AND $35,000 RESPECTIVELY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Piontek Executive Director | OfficerTrustee | 50 | $36,000 |
Marilyn Winkleby Director | Trustee | 1 | $0 |
Richard Gross Chairman Of The Board | Trustee | 2 | $0 |
Renee Barnstone Director | Trustee | 1 | $0 |
Robert Daw Director | Trustee | 1 | $0 |
Brian Friss Drector | Trustee | 3 | $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 | $328,892 |
| Noncash contributions included in lines 1a–1f | $88,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,892 |
| Total Program Service Revenue | $759,226 |
| Investment income | $1,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,307 |
| 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 | $5,720 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $329,123 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,360 |
| Payroll taxes | $27,691 |
| Fees for services: Management | $36,000 |
| Fees for services: Legal | $105 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,300 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,701 |
| Advertising and promotion | $65 |
| Office expenses | $10,166 |
| Information technology | $3,120 |
| Royalties | $0 |
| Occupancy | $1,160 |
| Travel | $3,836 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $210 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,666 |
| Insurance | $15,863 |
| All other expenses | $7,342 |
| Total functional expenses | $906,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,875 |
| Savings and temporary cash investments | $729,979 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $192,162 |
| Prepaid expenses and deferred charges | $2,268 |
| Net Land, buildings, and equipment | $11,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,213,792 |
| Accounts payable and accrued expenses | $7,930 |
| 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 | $7,930 |
| Net assets without donor restrictions | $1,205,862 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,213,792 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bay Area Furniture Bank has recieved totaling $26,831.
| Awarding Organization | Amount |
|---|---|
Los Altos Community Foundation Los Altos, CA PURPOSE: OPERATIONS | $26,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Santa Barbara And Ventura Counties Oxnard, CA | $36,147,815 | $36,387,219 |
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Achievement House Inc San Luis Obispo, CA | $9,588,064 | $4,686,736 |
3 Way Thrift Store Inc Chino, CA | $3,968,931 | $4,164,171 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Tavern Guild Foundation Of San Francisco Inc San Francisco, CA | $1,608,294 | $2,133,218 |
Neighborhood Industries Fresno, CA | $1,638,421 | $2,277,011 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
All Out Caring Inc Pomona, CA | $728,758 | $1,913,953 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Bay Area Furniture Bank Sunnyvale, CA | $1,213,792 | $1,121,491 |