2022-09-13T12:51:58-05:00 2021-12-31 251408703 SCHNEIDER DOWNS & CO INC 65 EAST STATE STREET SUITE 2000 COLUMBUS OH 43215 990 2021-01-01 311600869 FURNITURE BANK OF CENTRAL OHIO FURN 6142729544 118 SOUTH YALE AVENUE COLUMBUS OH 43222 PHIL WASHBURN PRESIDENT AND CEO 6142729544 2022-08-30 1 PHIL WASHBURN 999009999 SARAH R PIOT P01358891 6146214060 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PHIL WASHBURN 118 SOUTH YALE AVENUE COLUMBUS OH 43222 6106946 0 X WWW.FURNITUREBANKCOH.ORG X 1998 OH THE MISSION OF THE FURNITURE BANK OF CENTRAL OHIO IS TO REDUCE THE IMPACT OF POVERTY BY PROVIDING FURNITURE TO CENTRAL OHIO FAMILIES AND INDIVIDUALS STRUGGLING WITH SEVERE LIFE CHALLENGES. 18 18 133 2500 503 0 2265497 3227892 530855 628237 3702 -48486 1542121 2076634 4342175 5884277 1069639 1126183 0 0 1550174 2169223 0 0 312506 1394576 1846053 4014389 5141459 327786 742818 3688370 4049239 1429977 1039250 2258393 3009989 TO REDUCE THE IMPACT OF POVERTY BY PROVIDING FURNITURE TO CENTRAL OHIO FAMILIES AND INDIVIDUALS STRUGGLING WITH SEVERE LIFE CHALLENGES. 0 0 4596228 1126183 645485 THE FURNITURE BANK OF CENTRAL OHIO DISTRIBUTED OVER 30,000 PIECES OF FURNITURE TO OVER 3,500 LOW INCOME FAMILIES WITH THE HELP OF OVER 2,500 VOLUNTEERS AND OVER 8,000 FURNITURE DONORS. 4596228 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 1 133 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X KIMBERLY BOSCAN 6142729544 118 SOUTH YALE AVENUE COLUMBUS OH 432221369 STEVEN VOTAW PRESIDENT (EXIT 12/06) 50.00 X 150727 0 29587 PHIL WASHBURN PRESIDENT & CEO (ENTER 12/06) 50.00 X 8654 0 0 JEREMY BALL CHAIR 2.00 X X 0 0 0 PATRICIA HICKS VICE CHAIR 2.00 X X 0 0 0 BRIAN POLING TREASURER (EXIT 11/18) 2.00 X X 0 0 0 MARTY ROSENTHAL SECRETARY 2.00 X X 0 0 0 THOMAS MACK TREASURER (ENTER 11/18) 2.00 X X 0 0 0 PATRICK BENNETT BOARD MEMBER 1.00 X 0 0 0 STEVE AYERS BOARD MEMBER 1.00 X 0 0 0 PETER GOLATO BOARD MEMBER (EXIT 11/18) 1.00 X 0 0 0 PAUL GROVES BOARD MEMBER 1.00 X 0 0 0 KEVIN KUEHL BOARD MEMBER 1.00 X 0 0 0 MATTHEW LEMON BOARD MEMBER 1.00 X 0 0 0 SUE LUSK-GLEICH BOARD MEMBER 1.00 X 0 0 0 SOMERS MARTIN BOARD MEMBER 1.00 X 0 0 0 DOUG MILLER BOARD MEMBER 1.00 X 0 0 0 HOLLY SAELENS BOARD MEMBER 1.00 X 0 0 0 ERIN SEIGFRIED BOARD MEMBER 1.00 X 0 0 0 JOHN SNOBLE BOARD MEMBER 1.00 X 0 0 0 JUSTIN SPRING BOARD MEMBER 1.00 X 0 0 0 CLAY THOMPSON BOARD MEMBER 1.00 X 0 0 0 FAITH WILLIAMS BOARD MEMBER 1.00 X 0 0 0 159381 0 29587 1 0 1 0 0 42752 632283 2552857 1087175 3227892 FURNITURE DELIVERY FEES 480000 568514 568514 DOWNSIZE WITH A HEART 480000 59723 59723 628237 111 111 22500 4749 17751 17751 17248 503 9546 50717 0 108860 9546 -58143 -48597 -48597 0 42752 4226 -4226 -4226 2167889 104834 2063055 2063055 MISCELLANEOUS INCOME 900099 54 54 54 5884277 645485 503 2010397 1126183 1126183 188968 161631 13575 13762 1596653 1365671 114698 116284 201198 172092 14453 14653 182404 156017 13103 13284 21857 20355 501 1001 178085 162782 6054 9249 23346 21744 533 1069 70184 57025 3026 10133 754700 749881 1607 3212 17425 16855 190 380 208773 194259 4838 9676 63082 56938 2048 4096 FURNISH OUR COMMUNITY & 168125 0 56128 111997 VEHICLE EXPENSE 127557 127557 FURNITURE MANUFACTURING 71628 71628 OFFICE/WAREHOUSE SUPPLI 64523 63107 472 944 76768 72503 1499 2766 5141459 4596228 232725 312506 1422445 1673627 26912 26871 100000 415500 60024 51564 392775 296325 50423 50801 2604204 1289019 1460170 1315185 126199 144338 49422 75028 3688370 4049239 272176 227561 396981 476853 446953 334836 313867 0 1429977 1039250 X 2156593 2381174 101800 628815 2258393 3009989 3688370 4049239 742818 8778 0 X X 0 1 X 1 0 X 2609510 2494559 2194557 2265497 3232118 12796241 2008726 2342999 2051390 2096446 2796126 11295687 4618236 4837558 4245947 4361943 6028244 24091928 299176 151074 162919 157005 291645 1061819 0 299176 151074 162919 157005 291645 1061819 23030109 31215 30187 30233 30210 21603 143448 31215 30187 30233 30210 21603 143448 865 14688 1353 1460 4803 23169 4650316 4882433 4277533 4393613 6054650 24258545 0.94940 0.94040 0.00590 0.00640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126199 18139 144338 115349 10850 126199 96581 18768 115349 100809 -3726 502 96581 99015 2289 495 100809 1.00000 1 0 160380 160380 780482 417245 363237 873414 272539 600875 16662 8449 8213 773266 590786 182480 1315185 X 6006864 8778 113809 122587 5884277 0 5884277 5255268 113809 113809 5141459 0 5141459 PART V, LINE 4: THE FURNITURE BANK'S ENDOWMENT FUND IS ADMINISTERED BY THE COLUMBUS FOUNDATION. INVESTMENT INCOME FROM THE ENDOWMENT FUND IS USED FOR GENERAL OPERATIONS. PART X, LINE 2: INCOME TAXES - THE ORGANIZATION IS AN OHIO NONPROFIT CORPORATION AND IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS REQUIRING AN ACCRUAL OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THERE WERE NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENT OF ACTIVITIES AND CHANGE IN NET ASSETS FOR THE YEARS ENDED DECEMBER 31, 2021 OR 2020 RELATED TO UNCERTAIN TAX POSITIONS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE TAX EXAMINATIONS FOR YEARS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 104,834. RENTAL EXPENSE 4,749. FUNDRAISING EXPENSE 4,226. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 104,834. FUNDRAISING EXPENSE 4,226. RENTAL EXPENSE 4,749. BED RACE 42752 42752 89 750 3387 42752 42752 89 750 3387 4226 -4226 1 UNRESTRICTED DONATION OF FURNITURE FOR PERSONAL USE 2541 1087175 FMV FURNITURE, EQUIPMENT AND HOUSEHOLD ITEMS PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF THE FURNITURE, EQUIPMENT OR HOUSEHOLD ITEMS ONCE GRANTED. X X X 0 0 0 0 0 0 0 0 0 STEVEN VOTAW PRESIDENT (EXIT 12/06) 149488 0 0 0 1239 0 29524 0 63 0 180314 0 0 0 PART I, LINE 3 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT PERSONS. UPON THE RETIREMENT OF THE FORMER CEO, AN AD HOC COMMITTEE OF THE BOARD OF DIRECTORS WAS FORMED. THIS COMMITTEE, WITH THE ASSISTANCE OF AN INDEPENDENT, THIRD-PARTY EXECUTIVE SEARCH FIRM, RECOMMENDED THE COMPENSATION FOR THE NEW CEO BASED ON REVIEW AND DISCUSSION OF DATA FOR COMPARABLE POSITIONS AND ORGANIZATIONS, AS WELL AS THE EXPERIENCE AND SKILLS OF THE SELECTED CANDIDATE. THE BOARD OF DIRECTORS APPROVED THE COMPENSATION OF THE NEW CEO X 1087175 FAIR MARKET VALUE 0 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL THE DIRECTORS AND OFFICERS OF THE FURNITURE BANK. THE POLICY SPECIFICALLY DETAILS THE APPROVAL PROCESS FOR ANY DIRECTOR OR OFFICER WHEN THEY HAVE A PERSONAL, BUSINESS, FAMILIAL, OR AFFILIATION INTEREST IN A TRANSACTION INVOLVING THE FURNITURE BANK. ALL SUCH INTERESTS MUST BE DISCLOSED THE BOARD AND RECEIVE PROPER APPROVAL PRIOR TO THE TRANSACTION TAKING PLACE. FORM 990, PART VI, SECTION B, LINE 15A CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, ALL OF WHOM ARE INDEPENDENT PERSONS. WITH THE RETIREMENT OF THE FORMER CEO, AN AD HOC COMMITTEE OF THE BOARD OF DIRECTORS WAS FORMED. THIS COMMITTEE, WITH THE ASSISTANCE OF AN INDEPENDENT, THIRDPARTY EXECUTIVE SEARCH FIRM, RECOMMENDED THE COMPENSATION FOR THE NEW CEO BASED ON REVIEW AND DISCUSSION OF DATA FOR COMPARABLE POSITIONS AND ORGANIZATIONS, AS WELL AS THE EXPERIENCE AND SKILLS OF THE SELECTED CANDIDATE. THE BOARD OF DIRECTORS APPROVED THE COMPENSATION OF THE NEW CEO. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES COMPENSATED BY THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE AT FURNITUREBANKCOH.ORG AND UPON REQUEST.