Nonprofit · EIN 20-2732304
FREESTORE
Tax-exempt · WDM, IA 50266
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $934,063 | $921,627 | $12,436 | $903,749 | $0 | $903,749 |
| December 31, 2023 | 990 | $1,243,584 | $1,102,126 | $141,458 | $856,683 | $0 | $856,683 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $892,785
- Program service revenue
- $31,995
- Investment income
- $0
- Other revenue
- $9,283
Expenses
- Grants and similar amounts paid
- $694,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $85,395
- Depreciation
- $34,738
- Program services (functional)
- $768,640
- Management and general (functional)
- $149,453
- Fundraising (functional)
- $3,534
Balance sheet and other
- Total assets, start of year
- $856,683
- Total assets, end of year
- $903,749
- Total liabilities, end of year
- $0
- Net assets, end of year
- $903,749
- Land, buildings and equipment
- $119,557
- Net assets without donor restrictions
- $889,423
- Net assets with donor restrictions
- $14,326
- Gross receipts
- $934,063
- Employees
- 0
- Volunteers
- 120
- Year formed
- 2005
- State of legal domicile
- IA
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 |
|---|---|---|---|
| Martin Rathje | Board Member Trustee or director | 24 | $0 |
| Jean D Smith | Board Member Trustee or director | 4 | $0 |
| Michael H Smith | Board Member Trustee or director | 12 | $0 |
| Patrick McDermott | Board Member Trustee or director | 7 | $0 |
| Diane Munns | Board Member Trustee or director | 4 | $0 |
| Dave Busiek | Board Chair Elect Officer | 4 | $0 |
| Gloria Gray | Board Chair Officer | 7 | $0 |
| Lawrence Anderson | Treasurer Officer | 15 | $0 |
| Rachel McGrew | Secretary Officer | 4 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Martin Rathje | Board Member Trustee or director | 24 | $0 |
| Jean D Smith | Board Member Trustee or director | 4 | $0 |
| Michael H Smith | Board Member Trustee or director | 12 | $0 |
| Patrick McDermott | Board Member Trustee or director | 7 | $0 |
| Dave Busiek | Board Member Trustee or director | 4 | $0 |
| Diane Munns | Board Chair Officer | 4 | $0 |
| Gloria Gray | Board Chair Elect Officer | 7 | $0 |
| Lawrence Anderson | Treasurer Officer | 15 | $0 |
| Rachel McGrew | Secretary Officer | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 1020 24TH ST, WDM, IA 50266-2107
- In care of
- % JEAN SMITH
- Principal officer (990 for 2024)
- Diane Munns, 931 29th St, Des Moines, IA 50312
- Signed the 990
- Diane Munns, Board Chair
- Phone
- (515) 282-3733
- Website
- www.thefreestore.org
Mission
To support children and families who have escaped abusive situations. The Freestore collects furniture and household goods donated by members of the community and gives them (at no cost) to clients of domestic violence services and other agencies as these families begin independent, productive lives in safe environments.
Program accomplishments
- Providing household items and furniture free of charge to women and families when they leave the domestic violence services and other agencies. Income represents non cash donations of household items and furniture. Expenses represent the disbursement of those items except for $60,426 which represents the purchase of certain household items not being donated in sufficient quantities and cost of transporting the items.Expenses $768,640 · grants $694,000 · revenue $31,995
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
- 20-2732304
- 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 (P58)
- Assets (IRS master file)
- $903,749
- Income (IRS master file)
- $934,063
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $934,063 | $921,627 | $903,749 | XML |
| 990 | December 2023 | $1,243,584 | $1,102,126 | $856,683 | XML |
| 990 | December 2022 | $1,061,404 | $931,762 | $672,684 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 20-2732304).
Questions about FREESTORE
- What is the EIN of FREESTORE?
- The employer identification number (EIN) of FREESTORE is 20-2732304.
- Is FREESTORE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to FREESTORE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREESTORE 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 FREESTORE 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 FREESTORE 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 FREESTORE?
- The 990 for the year ended December 31, 2024 names Diane Munns.
- Who are the officers and directors of FREESTORE?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does FREESTORE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $934,063, expenses of $921,627 and total assets of $903,749 at year end.
Other nonprofits in WDM
- LIFESPACE COMMUNITIES INC EIN 42-1068850 · last filed 990 for 2024
- CSA EIN 46-2240919 · last filed 990 for 2025
- THE HUMAN CHOICE OF IOWA EIN 45-3790483 · last filed 990 for 2025
- MID-IOWA PLANNING ALLIANCE FOR COMMUNITY DEVELOPMENT EIN 87-3627881 · last filed 990 for 2025
- J WESLEY GRAHAM TRUST UW EIN 42-6315781 · last filed 990-PF for 2025
- COALITION FOR FAMILY FLOURISHING EIN 92-3169214 · last filed 990-N for 2024
- MARYS HELPING HANDS EIN 87-1813297 · last filed 990 for 2025
- WEST DES MOINES HUMAN SERVICES FRIENDS FOUNDATION EIN 47-5248023 · last filed 990-EZ for 2026