Storehouse Of Community Resources
- Assets
- $5.7m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Grand Rapids, MI
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 81-4354698
Organization Overview
Storehouse Of Community Resources is located in Grand Rapids, MI. The organization was established in 2017. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Storehouse Of Community Resources employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storehouse Of Community Resources 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, Storehouse Of Community Resources generated $7.8m in total revenue. All expenses for the organization totaled $7.8m during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE A HAND UP NOT HAND OUT APPROACH FOR ENGAGING AT RISK FAMILIES BY REDISTRIBUTING DONATED HOUSEHOLD AND OFFICE GOODS TO OTHER LIKE MINDED NON-PROFIT ORGANIZATIONS AND SCHOOLS LOCATED IN LOW INCOME AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED TO GROW THE THE STOREHOUSE WAREHOUSE, AND TEACHER RESOURCE STORE AND OBTAINED $ 7.7 MILLION IN DONATED PRODUCT AND COMMITTED / DISTRIBUTED $5.1 MILLION TO 35 NON-PROFIT PARTNERS, 130 AFFILIATES AND ASSOCIATES, 300 TEACHERS WITH IMPACT TO NEARLY 200,000 ADULTS AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Johns Executive Director / President | Officer | 30 | $20,000 |
Nora Ruder Secretary / Treasurer | OfficerTrustee | 10 | $0 |
Jonathan Cooper Director | Trustee | 5 | $0 |
Scot Fay Director | Trustee | 5 | $0 |
Lisa Hunter Director | Trustee | 7 | $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 | $7,769,741 |
| Noncash contributions included in lines 1a–1f | $7,652,766 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,769,741 |
| Total Program Service Revenue | $59,751 |
| Investment income | $164 |
| 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 | $7,829,656 |
| 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. | $20,840 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,124 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,311 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,237 |
| Office expenses | $0 |
| Information technology | $840 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $842 |
| Insurance | $2,311 |
| All other expenses | $7,729,610 |
| Total functional expenses | $7,836,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,530 |
| Savings and temporary cash investments | $3,000 |
| 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 | $5,572,110 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $10,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,714,198 |
| Accounts payable and accrued expenses | $1,909 |
| 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 | $1,909 |
| Net assets without donor restrictions | $5,712,289 |
| 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 | $5,714,198 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Storehouse Of Community Resources has recieved totaling $926,230.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $887,833 |
Cord Group Ada, MI PURPOSE: GENERAL DONATION TO SUPPORT MISSION | $23,000 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: INVENTORY MANAGEMENT SYSTEM | $10,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $5,397 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities West Michigan Grand Rapids, MI | $13,577,921 | $21,603,747 |
Eight Cap Inc Orleans, MI | $2,750,464 | $18,614,954 |
Catholic Charities Of Shiawassee & Genesee Counties Flint, MI | $13,966,516 | $19,279,987 |
Wedgwood Christian Services Grand Rapids, MI | $24,031,475 | $18,911,597 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |
Interlocal Community Action Program Inc New Castle, IN | $2,890,464 | $16,696,928 |
Wabash Center Inc Lafayette, IN | $13,437,721 | $16,787,564 |
Blue River Services Inc Corydon, IN | $24,743,437 | $19,943,748 |