Nonprofit · EIN 20-2071201
COMMUNITY FURNITURE BANK INC
Tax-exempt · BIRMINGHAM, AL 35209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $600,687 | $562,113 | $38,574 | $665,583 | $67 | $665,516 |
| December 31, 2023 | 990 | $600,041 | $596,807 | $3,234 | $626,612 | $364 | $626,248 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $585,589
- Program service revenue
- $0
- Investment income
- $15,098
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $182,429
- Compensation of officers, directors and key employees
- $188,818
- Salaries, compensation and benefits (total)
- $202,598
- Professional fundraising fees
- $0
- Accounting fees
- $3,463
- Occupancy
- $46,596
- Depreciation
- $19,549
- Program services (functional)
- $538,314
- Management and general (functional)
- $23,799
Balance sheet and other
- Total assets, start of year
- $626,612
- Total assets, end of year
- $665,583
- Total liabilities, end of year
- $67
- Net assets, end of year
- $665,516
- Land, buildings and equipment
- $32,490
- Gross receipts
- $600,687
- Employees
- 2
- Volunteers
- 5
- Year formed
- 2005
- State of legal domicile
- AL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS YARBORO | EXECUTIVE DIRECTOR Trustee or director, Officer | 60 | $98,894 |
| PHIL COLLINS | ASSOCIATE DIRECTOR Trustee or director, Officer | 40 | $89,924 |
| MEGANN CAIN | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE GRAHAM | DIRECTOR-CHAIRMAN Trustee or director | 0.5 | $0 |
| CHARLES DAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| PARRISH KNORR | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS YARBORO | EXECUTIVE DIRECTOR Trustee or director, Officer | 60 | $98,532 |
| PHIL COLLINS | ASSOCIATE DIRECTOR Trustee or director, Officer | 40 | $89,924 |
| MEGANN CAIN | DIRECTOR Trustee or director | 0.5 | $0 |
| MIKE GRAHAM | DIRECTOR-CHAIRMAN Trustee or director | 0.5 | $0 |
| BARBARA STONE | DIRECTOR Trustee or director | 0.5 | $0 |
| CHARLES DAWSON | DIRECTOR Trustee or director | 0.5 | $0 |
| PARRISH KNORR | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 219 DISTRIBUTION DR, BIRMINGHAM, AL 35209-6310
- In care of
- % CHRIS YARBORO
- Principal officer (990 for 2024)
- MIKE GRAHAM, 219 DISTRIBUTION DR, BIRMINGHAM, AL 35209
- Signed the 990
- MIKE GRAHAM, CHAIRMAN
- Phone
- (205) 942-2727
- Return prepared by
- APRIO ADVISORY GROUP LLC
Mission
TO RECEIVE AND DISTRIBUTE FURNITURE AND HOME FURNISHINGS TO THOSE IN TRANSITIONAL HOUSING OR IN NEED OF HELP IN SETTING UP HOUSEKEEPING. UNIQUE TO THIS EFFORT IS THE ABILITY TO DELIVER AND DISTRIBUTE ITEMS, NOT JUST TO OFFER PICKUP OF DONATED ITEMS.
Program accomplishments
- DISTRIBUTION OF FURNITURE AND HOME FURNISHINGS TO RECIPIENTS IN TRANSITIONAL HOUSING DUE TO FORMER HOMELESSNESS OR OTHER PERSONAL SITUATIONS IN NEED.Expenses $538,314 · grants $182,429
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2071201
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $665,583
- Income (IRS master file)
- $600,687
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $600,687 | $562,113 | $665,583 | XML |
| 990 | December 2023 | $600,041 | $596,807 | $626,612 | XML |
| 990 | December 2022 | $630,921 | $650,143 | $629,902 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2071201).
Questions about COMMUNITY FURNITURE BANK INC
- What is the EIN of COMMUNITY FURNITURE BANK INC?
- The employer identification number (EIN) of COMMUNITY FURNITURE BANK INC is 20-2071201.
- Is COMMUNITY FURNITURE BANK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to COMMUNITY FURNITURE BANK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY FURNITURE BANK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMUNITY FURNITURE BANK INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY FURNITURE BANK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMUNITY FURNITURE BANK INC?
- The 990 for the year ended December 31, 2024 names MIKE GRAHAM.
- Who are the officers and directors of COMMUNITY FURNITURE BANK INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $98,894 (CHRIS YARBORO, EXECUTIVE DIRECTOR).
- How much revenue does COMMUNITY FURNITURE BANK INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $600,687, expenses of $562,113 and total assets of $665,583 at year end.
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