Civic Intelligence

The Storehouse Inc

990 • Fiscal year 2018 • EIN 02-0551015

Jan 01, 2018 to Dec 31, 2018 • Filed on May 10, 2019

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

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

46th percentile

1.6%

Higher net margin than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

38th percentile

$13,775

Higher top officer pay than 38% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

94th percentile

78%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

79%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$53,632

Up $23,474 (+78%) from 2017

Net Assets

Up

$52,336

Up $23,406 (+81%) from 2017

Liabilities

Up

$1,296

Up $68 (+5.5%) from 2017

Revenue

Up

$1,444,491

Up $636,679 (+79%) from 2017

Expenses

Up

$1,421,084

Up $609,461 (+75%) from 2017

Net Income

Up

$23,407

Up $27,218 (+714%) from 2017

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

2018

Assets$53,632
Liabilities$1,296
Net Assets$52,336

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

2018

Revenue$1,444,491
Expenses$1,421,084
Net Income$23,407
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 10, 2019
Return Version
2018v3.1
Gross Receipts
$1,444,491
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.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$28,930$52,336▲ $23,406
Cash and Non-Interest-Bearing Accounts$23,511$49,581▲ $26,070
Land, Buildings, and Equipment, Net$6,647$4,051▼ $2,596
Total Assets$30,158$53,632▲ $23,474
Liabilities
Accounts Payable and Accrued Expenses$1,228$1,296▲ $68
Total Liabilities$1,228$1,296▲ $68
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,930$52,336▲ $23,406
Total Liabilities and Net Assets / Fund Balance$30,158$53,632▲ $23,474

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,051$24,955$29,006
Other Land Buildings-$7,627$7,627
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Liesl KershnerPresidentPT$13,775$13,775

Board Members and Trustees

NameTitle
Gary EndersDirector
Rob GuthrieDirector
Willard NielsenDirector
Mary M HollandAdvisor
David KulpSecretary
Debby HartsockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,444,491
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,418,491
Change in Net Assets
$23,407

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$1,305,030estimated 2 per pound
Other Non Cash Contri Table$47,054Fair Market Value (FMV) rent, actual utilities paid
Clothing and Household Goods$3,800estimated 2 per pound
Total Noncash Contributions$1,355,884-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,319,643
Other Expenses$74,485
Salaries, Compensation, and Employee Benefits$26,956
Total Fundraising Expense$8,984
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,319,643--$1,319,643
Occupancy$55,296--$55,296
Current Officers, Directors, Trustees, and Key Employees$4,592$4,592$4,591$13,775
Other Salaries and Wages$3,419$3,419$3,419$10,257
Fees for Services Accounting$1,548$1,548-$3,096
Payroll Taxes$975$975$974$2,924
All Other Expenses$1,412$1,411-$2,823
Depreciation Depletion$2,596--$2,596
Other Expenses$774--$774
Conferences and Meetings$646--$646
Insurance$549--$549
Advertising$539--$539
Office Expenses$252$251-$503
Total Functional Expenses$1,399,904$12,196$8,984$1,421,084
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 before it is filed and 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
2019-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Debby Hartsock
Formed
2001
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
105

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 1 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 and other nonprofit organizations. The postal carriers in the community also solicit contributions of food for this food bank.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part II Section C Line 17a cont
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IRS990ScheduleA/PublicSupportPY170Pct00.25240
IRS990ScheduleA/PublicSupportTotal170Amt0475439
IRS990ScheduleA/SubstantialContributorsTotAmt01459717
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0438597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0406537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0397682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0390952
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0301388
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01935156
IRS990ScheduleA/TotalSupportAmt01935156
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04051
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029006
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07627
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04051
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0non-cash food household supplies
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt01319643
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0food, supplies, household items
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Storehouse doesnt give any cash grants. All assistance is non-cash food, supplies household items given to needy individuals and families in the community.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/MethodOfDeterminingRevenuesTxt0estimated 2 per pound
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NonCashCheckboxInd0X
IRS990ScheduleM/ClothingAndHouseholdGoodsGrp/NoncashContributionsRptF990Amt03800
IRS990ScheduleM/FoodInventoryGrp/MethodOfDeterminingRevenuesTxt0estimated 2 per pound
IRS990ScheduleM/FoodInventoryGrp/NonCashCheckboxInd0X
IRS990ScheduleM/FoodInventoryGrp/NoncashContributionsRptF990Amt01305030
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Bldg Rent, Utilities
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV rent, actual utilities paid
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt047054
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SupplementalInformationDetail/ExplanationTxt0US Postal workers solicit for 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 before it is filed and 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 1 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt030158
IRS990/TotalAssetsEOYAmt053632
IRS990/TotalAssetsGrp/BOYAmt030158
IRS990/TotalAssetsGrp/EOYAmt053632
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01444491
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt08984
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012196
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01399904
IRS990/TotalFunctionalExpensesGrp/TotalAmt01421084
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01228
IRS990/TotalLiabilitiesEOYAmt01296
IRS990/TotalLiabilitiesGrp/BOYAmt01228
IRS990/TotalLiabilitiesGrp/EOYAmt01296
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt028930
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt052336
IRS990/TotalProgramServiceExpensesAmt01399904
IRS990/TotalReportableCompFromOrgAmt013775
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01444491
IRS990/TotalVolunteersCnt0105
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt030158
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt053632
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/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Debby Hartsock
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-10
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/AtSubmissionCreationDeviceId0F766D0F5441FEE4A5C3ECB85ACCAA829387041C0
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F766D0F5441FEE4A5C3ECB85ACCAA829387041C0
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.18.52.195
ReturnHeader/FilingSecurityInformation/IPDt02019-05-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm021:09:57
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/PreparationDt02019-05-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0L Alexis McAlpine
ReturnHeader/ReturnTs02019-05-11T02:12:47-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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