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Nonprofit · EIN 42-1005989

DEPOT OUTLET INC

Tax-exempt · DECORAH, IA 52101

Financials

$2.1M$2M2023$2M$2.1M2024$2M$2.1M2025
Revenue Expenses · by fiscal year end
Financials of DEPOT OUTLET INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,016,119$2,105,172-$89,053$2,843,356$939,793$1,903,563
December 31, 2024990$2,040,910$2,064,389-$23,479$2,322,783$348,399$1,974,384
December 31, 2023990$2,115,500$1,997,829$117,671$2,366,372$368,509$1,997,863
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$993,616
Program service revenue
$993,616
Investment income
$27,887
Other revenue
$1,000

Expenses

Grants and similar amounts paid
$267,472
Compensation of officers, directors and key employees
$59,767
Other salaries and wages
$466,895
Salaries, compensation and benefits (total)
$597,064
Professional fundraising fees
$0
Accounting fees
$19,560
Occupancy
$50,472
Depreciation
$44,553
Program services (functional)
$1,027,934
Management and general (functional)
$1,077,238

Balance sheet and other

Total assets, start of year
$2,322,783
Total assets, end of year
$2,843,356
Total liabilities, end of year
$939,793
Net assets, end of year
$1,903,563
Land, buildings and equipment
$2,078,800
Net assets without donor restrictions
$1,903,563
Gross receipts
$2,016,119
Employees
34
Volunteers
32
Year formed
1973
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, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JESSICA O'MARA KELLYSTORE DIRECT
Officer
40$59,767$11,837
NANCY BOLSONVICE PRESIDE
Trustee or director, Officer
1$0$0
SHERRY BOUSKADIRECTOR
Trustee or director
1$0$0
SUE DARLINGTREASURER
Trustee or director, Officer
1$0$0
DAVE FISHERPRESIDENT
Trustee or director, Officer
1$0$0
MARY GLOCKSECRETARY
Trustee or director, Officer
1$0$0
BOB KLIMESHDIRECTOR
Trustee or director
1$0$0
REG LAURSENHISTORIAN
Trustee or director
1$0$0
DENNIS OSTWINKLEDIRECTOR
Trustee or director
1$0$0
LORRIE WANGSNESSDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensationOther / benefits
JESSICA O'MARA KELLYSTORE DIRECT
Officer
40$53,613$1,561
NANCY BOLSONVICE PRESIDE
Trustee or director, Officer
1$0$0
SHERRY BOUSKADIRECTOR
Trustee or director
1$0$0
SUE DARLINGTREASURER
Trustee or director, Officer
1$0$0
DAVE FISHERPRESIDENT
Trustee or director, Officer
1$0$0
MARY GLOCKSECRETARY
Trustee or director, Officer
1$0$0
BOB KLIMESHDIRECTOR
Trustee or director
1$0$0
REGINALD LAURSENHISTORIAN
Trustee or director
1$0$0
DENNIS OSTWINKLEDIRECTOR
Trustee or director
1$0$0
LORRIE WANGSNESSDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
JESSICA O'MARA KELLYSTORE DIRECT
Officer
40$50,504$1,494
NANCY BOLSONDIRECTOR
Trustee or director
1$0$0
SUE DARLINGTREASURER
Trustee or director, Officer
1$0$0
DAVE FISHERHISTORIAN
Trustee or director
1$0$0
JO IVERSONSECRETARY
Trustee or director, Officer
1$0$0
BOB KLIMESHDIRECTOR
Trustee or director
1$0$0
REG LAURSENDIRECTOR
Trustee or director
1$0$0
SUE SNELLPRESIDENT
Trustee or director, Officer
1$0$0
CAROL THUNBERGDIRECTOR
Trustee or director
1$0$0
LORRIE WANGSNESSVICE PRESIDE
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
510 MONTGOMERY ST, DECORAH, IA 52101-2720
Principal officer (990 for 2025)
DAVE FISHER, 510 MONTGOMERY STREET, DECORAH, IA 52101
Signed the 990
DAVE FISHER, PRESIDENT
Phone
(563) 382-2700
Return prepared by
HACKER NELSON & CO PC

Mission

TO ENCOURAGE AND ASSIST GENEROUS AREA RESIDENTS IN RECYCLING THEIR DISCARDED CLOTHING, SMALL HOUSEHOLD GOODS, FURNITURE, AND BOOKS AND OFFER THOSE ITEMS FOR SALE AT A LOW PRICE. THE GOAL IS TO PROVIDE AREA RESIDENTS WITH OPPORTUNITIES TO VOLUNTEER, TRAIN, AND WORK IN THE ORGANIZATION'S RECYCLING EFFORTS. WITH THE FUNDS GENERATED, THE DEPOT OUTLET PROVIDES GRANTS TO NON-PROFIT AND CHURCH ORGANIZATIONS THROUGHOUT WINNESHIEK COUNTY.

990 for the year ended December 31, 2025

Program accomplishments

  • USED CLOTHING, BOOKS, & SMALL HOUSEHOLD GOODS DONATED TO THE ORGANIZATION WERE CLEANED SORTED AND SOLD TO FAMILIES IN NEED AT LOW PRICES THROUGH THE COMBINED EFFORTS OF EMPLOYEES, LOCAL CHURCH VOLUNTEERS, AND DONORS.
    Expenses $760,462 · revenue $993,616
  • SMALL GRANTS WERE DISBURSED TO OTHER NON-PROFIT COMMUNITY ORGANIZATIONS BASED UPON REQUESTS RECEIVED AND FUNDS AVAILABLE.
    Expenses $267,472 · grants $267,472

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1005989
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1974
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,843,356
Income (IRS master file)
$2,016,119

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,016,119$2,105,172$2,843,356XML
990December 2024$2,040,910$2,064,389$2,322,783IRS
990December 2023$2,115,500$1,997,829$2,366,372XML
990December 2022$2,098,581$2,092,905$1,914,433IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 42-1005989).

Questions about DEPOT OUTLET INC

What is the EIN of DEPOT OUTLET INC?
The employer identification number (EIN) of DEPOT OUTLET INC is 42-1005989.
Is DEPOT OUTLET INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
Are donations to DEPOT OUTLET INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DEPOT OUTLET 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 DEPOT OUTLET INC due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DEPOT OUTLET INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of DEPOT OUTLET INC?
The 990 for the year ended December 31, 2025 names DAVE FISHER.
Who are the officers and directors of DEPOT OUTLET INC?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $59,767 (JESSICA O'MARA KELLY, STORE DIRECT).
How much revenue does DEPOT OUTLET INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,016,119, expenses of $2,105,172 and total assets of $2,843,356 at year end.

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