Civic Intelligence

The Storehouse Inc

990 • Fiscal year 2016 • EIN 02-0551015

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

26201 180th Avenue SECovington, WA 98042-4917

(253) 631-3038

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.00x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

49th percentile

2.4%

Higher net margin than 49% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

51st percentile

$7,872

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

94th percentile

94%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

21st percentile

-14%

Faster revenue growth than 21% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Up

$34,009

Up $16,438 (+94%) from 2015

Net Assets

Up

$32,740

Up $16,449 (+101%) from 2015

Liabilities

Down

$1,269

Down $11 (-0.9%) from 2015

Revenue

Down

$691,602

Down $110,713 (-14%) from 2015

Expenses

Down

$675,155

Down $125,925 (-16%) from 2015

Net Income

Up

$16,447

Up $15,212 (+1232%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2010: $6,512Liabilities 2010: -$306Net Assets 2010: $6,8182010Assets 2011: $7,953Liabilities 2011: $1,616Net Assets 2011: $6,3372011Assets 2012: $8,633Liabilities 2012: $778Net Assets 2012: $7,8552012Assets 2013: $15,694Liabilities 2013: $877Net Assets 2013: $14,8172013Assets 2014: $15,890Liabilities 2014: $834Net Assets 2014: $15,0562014Assets 2015: $17,571Liabilities 2015: $1,280Net Assets 2015: $16,2912015Assets 2016: $34,009Liabilities 2016: $1,269Net Assets 2016: $32,7402016Assets 2017: $30,158Liabilities 2017: $1,228Net Assets 2017: $28,9302017Assets 2018: $53,632Liabilities 2018: $1,296Net Assets 2018: $52,3362018Assets 2019: $65,140Liabilities 2019: $1,430Net Assets 2019: $63,7102019Assets 2020: $173,985Liabilities 2020: $324Net Assets 2020: $173,6612020Assets 2021: $206,428Liabilities 2021: $2,139Net Assets 2021: $204,2892021Assets 2022: $237,738Liabilities 2022: $3,253Net Assets 2022: $234,4852022Assets 2023: $340,671Liabilities 2023: $2,901Net Assets 2023: $337,7702023Assets 2024: $335,916Liabilities 2024: $3,019Net Assets 2024: $332,8972024

Highlighted filing

2016

Assets$34,009
Liabilities$1,269
Net Assets$32,740

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $657,8552010Expenses 2011: $645,8352011Expenses 2012: $675,4872012Revenue 2013: $753,152Expenses 2013: $747,140Net Income 2013: $6,0122013Revenue 2014: $782,452Expenses 2014: $782,213Net Income 2014: $2392014Revenue 2015: $802,315Expenses 2015: $801,080Net Income 2015: $1,2352015Revenue 2016: $691,602Expenses 2016: $675,155Net Income 2016: $16,4472016Revenue 2017: $807,812Expenses 2017: $811,623Net Income 2017: -$3,8112017Revenue 2018: $1,444,491Expenses 2018: $1,421,084Net Income 2018: $23,4072018Revenue 2019: $1,364,533Expenses 2019: $1,353,160Net Income 2019: $11,3732019Revenue 2020: $2,935,726Expenses 2020: $2,825,775Net Income 2020: $109,9512020Revenue 2021: $2,352,441Expenses 2021: $2,321,812Net Income 2021: $30,6292021Revenue 2022: $2,165,139Expenses 2022: $2,134,944Net Income 2022: $30,1952022Revenue 2023: $2,526,351Expenses 2023: $2,423,066Net Income 2023: $103,2852023Revenue 2024: $2,650,594Expenses 2024: $2,655,468Net Income 2024: -$4,8742024

Highlighted filing

2016

Revenue$691,602
Expenses$675,155
Net Income$16,447
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$691,602
Mission and Program Overview

Mission

The Storehouse is a food bank that provides delivery of food and supplies to families in need in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$16,291$32,740▲ $16,449
Cash and Non-Interest-Bearing Accounts$14,577$23,152▲ $8,575
Land, Buildings, and Equipment, Net$2,994$10,857▲ $7,863
Total Assets$17,571$34,009▲ $16,438
Liabilities
Accounts Payable and Accrued Expenses$1,280$1,269▼ $11
Total Liabilities$1,280$1,269▼ $11
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,291$32,740▲ $16,449
Total Liabilities and Net Assets / Fund Balance$17,571$34,009▲ $16,438

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,857$25,776$36,633
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mary M HollandPresidentPT$7,872$7,872

Board Members and Trustees

NameTitle
David KulpDirector
Liesl KershnerDirector
Roger AhrnkielSecretary
Debby HartsockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$691,602
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$679,021
Change in Net Assets
$16,447

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeReported AmountValuation Method
Food Inventory$575,808estimated 1.50 per pound
Other Non Cash Contri Table$46,480estimated Fair Market Value (FMV)
Clothing and Household Goods$3,750estimated 1.50 per pound
Other Non Cash Contri Table$2,800estimated Fair Market Value (FMV)
Other Non Cash Contri Table$870estimated Fair Market Value (FMV)
Total Noncash Contributions$629,708-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$582,618
Other Expenses$70,411
Salaries, Compensation, and Employee Benefits$22,126
Total Fundraising Expense$2,943
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$582,618--$582,618
Occupancy$46,181--$46,181
Other Salaries and Wages$5,901$5,901-$11,802
Current Officers, Directors, Trustees, and Key Employees$2,624$2,624$2,624$7,872
All Other Expenses$1,274$1,274-$2,548
Payroll Taxes$1,067$1,066$319$2,452
Office Expenses$1,132$1,131-$2,263
Depreciation Depletion$2,137--$2,137
Fees for Services Accounting$950$950-$1,900
Other Expenses$684--$684
Insurance$576--$576
Advertising$283--$283
Conferences and Meetings$107--$107
Total Functional Expenses$659,266$12,946$2,943$675,155
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The Form 990 is reviewed and signed by the treasurer before it is filed. The Form 990 is available for all of the board members to review at the next board meeting and/or upon request.

Form 990, Part VI, Section C, Line 19

The organizations governing documents and financial statements are available to the public to view upon request.

Filing and Contact Details

Filer

Filer Name
The Storehouse Inc
EIN
02-0551015
Phone
2536313038
Address
26201 180th Avenue SE, Covington, WA 98042-4917
Doing Business As
The Storehouse

Signing Officer

Name
Debby Hartsock
Title
Treasurer
Signed
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debby Hartsock
Formed
2001
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
50

Preparer

Firm
Aats LLC
Address
30525 222nd Way SE, Black Diamond, WA 98010
Preparer
L Alexis McAlpine
Phone
2066505979
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

There is a rounding difference of 2 on the balance sheet.

Raw XML Appendix400 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part II Section C Line 17a The Storehouse is a food bank that receives regular contributions of surplus food from large publicly traded corporate grocery store chains. Due to the size of these corporations, their contributions are much larger that the contributions received from individuals in the community. The Storehouse regularly solicits contributions from the local community and is represented at several local functions where contributions are solicited.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The large corporate contributors are unrelated to this nonprofit food bank and they are not related to each other. This nonprofit food bank receives annual grants from the city in which it is located and it receives donations from several local churches. The postal carriers in the community also solicit contributions of food for this food bank.
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt010857
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025776
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt036633
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010857
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0non-cash food, clothing, toys household supplies
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt0582618
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0food, clothing, toys, supplies
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01720
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Storehouse doesnt give any cash grants. All assistance is non-cash food and household supplies given to needy individuals and families in the community.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0estimated 1.50 per pound
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt03750
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0estimated 1.50 per pound
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt0575808
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0childrens gifts, toys
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc1school supplies
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc2bldg rent, utilities
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0estimated FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt1estimated FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt2estimated FMV
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd1X
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd2X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0870
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt12800
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt246480
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0US Postal workers solicit and collect food donations from the public for the food bank each year.
IRS990ScheduleM/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 32b
IRS990ScheduleM/ThirdPartiesUsedInd0true
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Form 990 is reviewed and signed by the treasurer before it is filed. The Form 990 is available for all of the board members to review at the next board meeting and/or upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organizations governing documents and financial statements are available to the public to view upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There is a rounding difference of 2 on the balance sheet.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0WA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt017571
IRS990/TotalAssetsEOYAmt034009
IRS990/TotalAssetsGrp/BOYAmt017571
IRS990/TotalAssetsGrp/EOYAmt034009
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0691602
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt02943
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012946
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0659266
IRS990/TotalFunctionalExpensesGrp/TotalAmt0675155
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01280
IRS990/TotalLiabilitiesEOYAmt01269
IRS990/TotalLiabilitiesGrp/BOYAmt01280
IRS990/TotalLiabilitiesGrp/EOYAmt01269
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt016291
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt032740
IRS990/TotalProgramServiceExpensesAmt0659266
IRS990/TotalReportableCompFromOrgAmt07872
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0691602
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017571
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt034009
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt026201 180th Avenue SE
IRS990/USAddress/CityNm0Covington
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098042
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Debby Hartsock
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Storehouse Inc
ReturnHeader/Filer/BusinessNameControlTxt0STOR
ReturnHeader/Filer/EIN0020551015
ReturnHeader/Filer/PhoneNum02536313038
ReturnHeader/Filer/USAddress/AddressLine1Txt026201 180th Avenue SE
ReturnHeader/Filer/USAddress/CityNm0Covington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd0980424917
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId031EFC8B7B077E76DCFD5C50015CF00494BE27566
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId031EFC8B7B077E76DCFD5C50015CF00494BE27566
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.19.8.92
ReturnHeader/FilingSecurityInformation/IPDt02017-11-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm023:07:27
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AATS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt030525 222nd Way SE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Black Diamond
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd098010
ReturnHeader/PreparerPersonGrp/PhoneNum02066505979
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L Alexis McAlpine
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02017-11-09T03:41:34-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.33$2.65$2.66$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.34$0.00$0.34$2.53$2.42$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.23$2.17$2.13$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.20$2.35$2.32$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$2.94$2.83$0.11
2019Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.06$1.36$1.35$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$1.44$1.42$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.81$0.81$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.69$0.68$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.80$0.80$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.78$0.78$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.01$0.75$0.75$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.00$0.01$0.66
Peer Organizations

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