Civic Intelligence

Laundrycares Foundation

990 • Fiscal year 2019 • EIN 20-4504242

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

Organization ProfileWWW.COINLAUNDRY.ORG/ADVOCACY/LAUNDRYCARES
17w635 Butterfield Road No 145Oakbrook Terrace, IL 60181

(800) 570-5629

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.20x

Higher debt load relative to assets than 73% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.14x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

97th percentile

$277,703

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 39.5% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

97th percentile

191%

Faster asset growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

95th percentile

137%

Faster revenue growth than 95% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$475,095

Up $311,960 (+191%) from 2018

Net Assets

Up

$378,917

Up $216,439 (+133%) from 2018

Liabilities

Up

$96,178

Up $95,521 (+14539%) from 2018

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin84th percentile

Revenue

Up

$703,749

Up $406,827 (+137%) from 2018

Expenses

Up

$487,310

Up $233,453 (+92%) from 2018

Net Income

Up

$216,439

Up $173,374 (+403%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$600K$400K$200K$0-$200KAssets 2016: $135,244Liabilities 2016: $1,000Net Assets 2016: $134,2442016Assets 2017: $119,413Liabilities 2017: $0Net Assets 2017: $119,4132017Assets 2018: $163,135Liabilities 2018: $657Net Assets 2018: $162,4782018Assets 2019: $475,095Liabilities 2019: $96,178Net Assets 2019: $378,9172019Assets 2020: $264,918Liabilities 2020: $41,472Net Assets 2020: $223,4462020Assets 2021: $140,290Liabilities 2021: $139,166Net Assets 2021: $1,1242021Assets 2022: $364,050Liabilities 2022: $132,024Net Assets 2022: $232,0262022Assets 2023: $196,398Liabilities 2023: $76,826Net Assets 2023: $119,5722023Assets 2024: $85,204Liabilities 2024: $91,222Net Assets 2024: -$6,0182024

Highlighted filing

2019

Assets$475,095
Liabilities$96,178
Net Assets$378,917
Open 2019 Filing

Operations Trend

Revenue Growth95th percentile

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

$1.0M$500K$0-$500KRevenue 2016: $79,212Expenses 2016: $43,851Net Income 2016: $35,3612016Revenue 2017: $59,730Expenses 2017: $74,561Net Income 2017: -$14,8312017Revenue 2018: $296,922Expenses 2018: $253,857Net Income 2018: $43,0652018Revenue 2019: $703,749Expenses 2019: $487,310Net Income 2019: $216,4392019Revenue 2020: $323,256Expenses 2020: $478,727Net Income 2020: -$155,4712020Revenue 2021: $194,345Expenses 2021: $416,667Net Income 2021: -$222,3222021Revenue 2022: $846,727Expenses 2022: $615,825Net Income 2022: $230,9022022Revenue 2023: $428,396Expenses 2023: $540,850Net Income 2023: -$112,4542023Revenue 2024: $486,304Expenses 2024: $611,894Net Income 2024: -$125,5902024

Highlighted filing

2019

Revenue$703,749
Expenses$487,310
Net Income$216,439
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$805,773
Mission and Program Overview

Mission

To provide laundry services and education to those in need.

The purposes of the organization are: (i) to coordinate the distribution of donated laundry equipment and supplies for the purpose of providing laundry services to organizations, families and individuals in need; and (ii) to offer free laundry day at coin laundry facilities in select cities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$133,007$370,345▲ $237,338
Pledges and Grants Receivable$28,753$70,375▲ $41,622
Prepaid Expenses and Deferred Charges$1,375$34,375▲ $33,000
Total Assets$163,135$475,095▲ $311,960
Liabilities
Accounts Payable and Accrued Expenses-$57,088-
Deferred Revenue-$29,624-
Other Liabilities$657$9,466▲ $8,809
Total Liabilities$657$96,178▲ $95,521
Net Assets / Fund Balance
Net Assets With Donor Restrictions$52,350$337,234▲ $284,884
Net Assets Without Donor Restrictions$110,128$41,683▼ $68,445
Total Net Assets Fund Balance$162,478$378,917▲ $216,439
Total Liabilities and Net Assets / Fund Balance$163,135$475,095▲ $311,960
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel P NaumannExecutive Vice-presidentFT$100,834$79$100,913

Board Members and Trustees

NameTitle
Jeff GardnerPresident
James WhitmoreVice President
Daryl JohnsonDirector
Jane Park WooDirector
Joel JorgensenDirector
Kathryn RowenDirector
Michael FinkelsteinDirector
Neal ShapiroDirector
Brian WallaceCEO
Brian HollandSecretary
Brian GrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$663,065
Program Service Revenue
$18,000
Investment Income
$0
Other Revenue
$22,684
All Other Contributions
$663,065
Change in Net Assets
$216,439

Audited Revenue Reconciliation

Revenue per Audited Statements
$703,749
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$703,749
Total Revenue per Form 990
$703,749
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$273,110
Salaries, Compensation, and Employee Benefits$192,200
Total Fundraising Expense$49,527
Grants and Similar Amounts Paid$22,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$34,651$34,651$34,651$103,953
Other Salaries and Wages-$80,064-$80,064
Conferences and Meetings$79,041--$79,041
Travel$19,561$20,965$5,589$46,115
Fees for Services Other$37,926$3,770-$41,696
Grants to Domestic Orgs$22,000--$22,000
Fees for Services Legal-$13,305-$13,305
Fees for Services Accounting-$12,000-$12,000
Office Expenses$3,813$3,812$3,813$11,438
Information Technology$2,746$2,745$2,746$8,237
Payroll Taxes$2,728$2,727$2,728$8,183
Occupancy-$3,840-$3,840
Other Expenses$9,782$3,606-$3,606
Total Functional Expenses$256,298$181,485$49,527$487,310

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$487,310
Total Expenses per Audited Statements$487,310
Total Expenses per Form 990$487,310
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brooklyn Public LibraryBrooklyn, NY501(c)(3)To Support Literacy$10,000
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
Due to Cla$9,466
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There is no separate committee with authority to act on behalf of the governing body.”

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

“The executive director reviews the 990 prior to signing the returns. Additionally, the executive vice president is provided the return for review and solicited for their comments and questions”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Laundrycares Foundation
EIN
20-4504242
Phone
8005705629
Address
17W635 BUTTERFIELD ROAD NO 145, OAKBROOK TERRACE, IL 60181

Signing Officer

Name
Brian Wallace
Title
President and CEO
Phone
6309635547
Signed
2020-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian Wallace
Formed
2006
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
11

Preparer

Firm
Mann Weitz & Associates LLC
Address
111 DEER LAKE ROAD SUITE 125, DEERFIELD, IL 60015
Preparer
Marcy Steindler
Phone
8472673400
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“The laundrycares foundation, the clinton foundation's too small to fail program, and the laundry literacy coalition worked with lakeshore learning and scholastic to offer family read, play & learn kits. These are uniquely designed to create safe, fun, and engaging places for children and families in laundromats. "family read, play & learn" spaces are equipped with literacy-rich materials to support children's early brain and language development, and are a meaningful way to serve communities and customers. The foundation sells these kits to laundromats.”

Financial Statement Notes

PART X, LINE 2:

“The consolidated financial statement effects of a tax position taken or expected to be taken are recognized in the consolidated financial statements when it is more likely than not, based on the technical merits, that the position will be sustained upon examination. As of december 31, 2019, the organization had no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.”

Raw XML AppendixShowing 400 of 513 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
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IRS990/OtherExpensesGrp/ProgramServicesAmt19782
IRS990/OtherExpensesGrp/TotalAmt044050
IRS990/OtherExpensesGrp/TotalAmt19782
IRS990/OtherExpensesGrp/TotalAmt23606
IRS990/OtherLiabilitiesGrp/BOYAmt0657
IRS990/OtherLiabilitiesGrp/EOYAmt09466
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt080064
IRS990/OtherSalariesAndWagesGrp/TotalAmt080064
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt02728
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02727
IRS990/PayrollTaxesGrp/ProgramServicesAmt02728
IRS990/PayrollTaxesGrp/TotalAmt08183
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt028753
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt070375
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01375
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034375
IRS990/PrincipalOfficerNm0BRIAN WALLACE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018000
IRS990/ProgSrvcAccomActy2Grp/Desc0THE LAUNDRYCARES FOUNDATION, THE CLINTON FOUNDATION'S TOO SMALL TO FAIL PROGRAM, AND THE LAUNDRY LITERACY COALITION WORKED WITH LAKESHORE LEARNING AND SCHOLASTIC TO OFFER FAMILY READ, PLAY & LEARN KITS. THESE ARE UNIQUELY DESIGNED TO CREATE SAFE, FUN, AND ENGAGING PLACES FOR CHILDREN AND FAMILIES IN LAUNDROMATS. "FAMILY READ, PLAY & LEARN" SPACES ARE EQUIPPED WITH LITERACY-RICH MATERIALS TO SUPPORT CHILDREN'S EARLY BRAIN AND LANGUAGE DEVELOPMENT, AND ARE A MEANINGFUL WAY TO SERVE COMMUNITIES AND CUSTOMERS. THE FOUNDATION SELLS THESE KITS TO LAUNDROMATS. EXPENSES ARE NETTED AGAINST REVENUE IN PART VIII.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0142708
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0296922
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt012000
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0183365
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt043065
IRS990/PYSalariesCompEmpBnftPaidAmt058492
IRS990/PYTotalExpensesAmt0253857
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0296922
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0216439
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0681065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0296922
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt065685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt079212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt085946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01208830
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45730
IRS990ScheduleA/PublicSupportPY170Pct00.59920
IRS990ScheduleA/PublicSupportTotal170Amt0552800
IRS990ScheduleA/SubstantialContributorsTotAmt0656030
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0681065
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0296922
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt065685
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt079212
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt085946
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01208830
IRS990ScheduleA/TotalSupportAmt01208830
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0487310
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CLA
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0703749
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CONSOLIDATED FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ARE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT, BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. AS OF DECEMBER 31, 2019, THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0487310
IRS990ScheduleD/TotalLiabilityAmt09466
IRS990ScheduleD/TotalRevenuePerForm990Amt0703749
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0703749
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0487310
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO SUPPORT LITERACY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BROOKLYN PUBLIC LIBRARY
IRS990ScheduleI/RecipientTable/RecipientEIN0111904261
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt010 GRAND ARMY PLAZA
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BROOKLYN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd011238
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0REGULAR REPORTS AND CHECK-INS ARE REQUIRED FROM THE GRANTEE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt019409
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0221754
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt019000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt017540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BRIAN WALLACE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0277703
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0A RELATED ORGANIZATION USED A COMPENSATION COMMITTEE, WRITTEN CONTRACT, COMPENSATION SURVEY AND APPROVAL BY THE BOARD TO ESTABISH THE CEO'S COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE LAUNDRYCARES FOUNDATION, THE CLINTON FOUNDATION'S TOO SMALL TO FAIL PROGRAM, AND THE LAUNDRY LITERACY COALITION WORKED WITH LAKESHORE LEARNING AND SCHOLASTIC TO OFFER FAMILY READ, PLAY & LEARN KITS. THESE ARE UNIQUELY DESIGNED TO CREATE SAFE, FUN, AND ENGAGING PLACES FOR CHILDREN AND FAMILIES IN LAUNDROMATS. "FAMILY READ, PLAY & LEARN" SPACES ARE EQUIPPED WITH LITERACY-RICH MATERIALS TO SUPPORT CHILDREN'S EARLY BRAIN AND LANGUAGE DEVELOPMENT, AND ARE A MEANINGFUL WAY TO SERVE COMMUNITIES AND CUSTOMERS. THE FOUNDATION SELLS THESE KITS TO LAUNDROMATS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS NO SEPARATE COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS THE 990 PRIOR TO SIGNING THE RETURNS. ADDITIONALLY, THE EXECUTIVE VICE PRESIDENT IS PROVIDED THE RETURN FOR REVIEW AND SOLICITED FOR THEIR COMMENTS AND QUESTIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COIN LAUNDRY ASSOCIATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0362439458
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$475,095
Liabilities
$96,178
Net assets
$378,917
Revenue
$703,749
Expenses
$487,310
Net income
$216,439
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.91$0.06$4.86$6.12$1.26
2023Detailed filing. Detailed filing data is available for this year.$1.96$0.77$1.20$4.28$5.41$1.12
2022Detailed filing. Detailed filing data is available for this year.$3.64$1.32$2.32$8.47$6.16$2.31
2021Detailed filing. Detailed filing data is available for this year.$1.40$1.39$0.01$1.94$4.17$2.22
2020Detailed filing. Detailed filing data is available for this year.$2.65$0.41$2.23$3.23$4.79$1.55
2019Detailed filing. Detailed filing data is available for this year.$4.75$0.96$3.79$7.04$4.87$2.16
2018Detailed filing. Detailed filing data is available for this year.$1.63$0.01$1.62$2.97$2.54$0.43
2017Detailed filing. Detailed filing data is available for this year.$1.19$0.00$1.19$0.60$0.75$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.35$0.01$1.34$0.79$0.44$0.35