Overview
What is The Furniture Resource Center?
The Furniture Resource Center, also known as the Furniture Bank of Southeastern Michigan, is a nonprofit organization situated in Pontiac, Michigan. In 2022, they provided essential furniture items to 2,307 families, benefiting a total of 7,082 individuals, which included 3,155 adults and 3,927 children. The organization's primary mission is to offer beds and furniture to underprivileged children and families. They accomplished this by providing 18,687 items, valued at $1,055,270, through their Furniture for Families program. Additionally, 1,014 families benefited from their free community area, receiving 3,042 items for no charge. In 2022, their trucks collected furniture from 4,680 donors, and they delivered no- or low-cost furniture to 677 families in partnership with other nonprofits. The organization serves a significant role in the community by alleviating the need for basic household items for families with low incomes, with 67% reporting an annual household income of $10,000 or less and 88% reporting an income under $20,000. The Furniture Bank of Southeastern Michigan employs 22 individuals and operates in Michigan.
Official website here: www.furniture-bank.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating. This high score indicates that The Furniture Resource Center, doing business as the Furniture Bank of Southeastern, excels in accountability and finance. The rating reflects a strong commitment to transparency and effective financial management, which is essential for donor trust and organizational sustainability.
The organization shows significant strengths in governance and operational processes, with a fully independent board and robust oversight mechanisms. Their accountability practices are reinforced by the presence of a comprehensive set of policies, including conflict of interest and whistleblower protection, which contribute to a solid operational structure. Additionally, they maintain a high program expense ratio of 90.28%, demonstrating a commitment to allocating resources effectively towards their mission.
However, the fundraising efficiency ratio at $0.08 indicates that while they are effective in their program delivery, there may be room for improvement in fundraising strategies to maximize resources. Overall, The Furniture Resource Center exhibits a strong performance in financial management and governance, making it a reliable choice for donors looking to support a nonprofit with high ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is The Furniture Resource Center legitimate?
The Furniture Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Furniture Resource Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $79,660
Professional Fundraising Fees: $8,000
Other Salaries and Wages: $487,984
For more financial information, click here
Official website here: www.furniture-bank.org
What is the mission statement of The Furniture Resource Center?
The Furniture Resource Center, operating as the Furniture Bank of Southeastern, has a mission to cater to the needs of children and families in distress by providing them with essential furniture items. Specifically, their objective is to distribute beds and other household furniture to these families in need. In 2022, they successfully served 7,082 individuals, including 3,155 adults and 3,927 children, by providing them with a total of 18,687 items, valued conservatively at 1,055,270. The organization's efforts significantly impacted 1,293 families through their Furniture for Families program and an additional 1,014 families through their free community area. The majority of the families served reported annual household incomes of 10,000 or less, with 88% earning under 20,000 annually. The Furniture Resource Center relies on donations from 4,680 households and partners with nonprofits to deliver no- or low-cost furniture to families in need.
Official website here: www.furniture-bank.org
Who is the CEO of The Furniture Resource Center?
Robert Boyle is the Executive Di of The Furniture Resource Center.
Official website here: www.furniture-bank.org
What is the revenue of The Furniture Resource Center?
The Furniture Resource Center's revenue in 2022 was $1,795,379.
Official website here: www.furniture-bank.org
Who are the executives of The Furniture Resource Center and what are their salaries?
The average compensation at The Furniture Resource Center during 2022 was $25,802. There are 22 employees and 29 volunteers at The Furniture Resource Center.
Here are 13 key members and their salaries:
- Compensation: $77,260
- Related: $0
- Other: $2,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.furniture-bank.org
Where can I find the form 990 for The Furniture Resource Center?
The Furniture Resource Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.furniture-bank.org
Learn more at the official website: www.furniture-bank.org
Mission Statement of The Furniture Resource Center
The Furniture Resource Center Dba Furniture Bank of Southeastern is a dedicated organization with a mission to provide essential furniture items, such as beds, to families and children in need. In 2022 alone, they served an impressive 7,082 individuals, including 3,155 adults and 3,927 children, by distributing 18,687 items, conservatively valued at $1,055,270. Their efforts not only included families referred to their Furniture for Families program but also extended to individuals benefiting from their free community area, receiving over 3,000 items for no charge.
The organization's primary goal is to alleviate the burden of inadequate furnishings for families with limited financial resources. Sixty-seven percent of the families served reported an annual household income of $10,000 or less, and eighty-eight percent reported an income of under $20,000. To accomplish this mission, The Furniture Resource Center Dba Furniture Bank of Southeastern collects furniture donations from 4,680 homes and distributes these items, totaling 290,000 cubic feet or 534 tons, to needy families in conjunction with their nonprofit partners. This commitment to helping families in need ensures that they can rest comfortably and create a nurturing environment for their children, thereby contributing positively to their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Furniture Resource Center Dba Furniture Bank Of Southeastern has made a significant impact on the community by providing beds and furniture to children and families in need. In 2022 alone, the organization served 2,307 families by distributing 18,687 items conservatively valued at $1,055,270. They also assisted a total of 7,082 individuals, including 3,155 adults and 3,927 children.
Furthermore, the Furniture Bank referred 1,293 families to their Furniture for Families program, where these families received 15,645 items valued at $835,679. An additional 1,014 families benefited from the free community area, receiving 3,042 items valued at $219,591 at no charge. This included essential items such as mattresses, box springs, dressers, dining tables, dining chairs, sofas, and other household furniture.
It is noteworthy that a significant percentage of the families served by the Furniture Bank reported very low annual household incomes, with 67% earning $10,000 or less, and 88% earning under $20,000 annually. The organization's impact extended beyond just providing furniture, as their trucks picked up donations from 4,680 furniture donors, and they provided low-cost furniture deliveries to 677 families in conjunction with their partners.
Overall, the Furniture Resource Center Dba Furniture Bank Of Southeastern collected and distributed a substantial amount of furniture, totaling 290,000 cubic feet - or 534 tons. Through their mission to provide beds and furniture to those in need, they have made a profound difference in the lives of many individuals and families in Pontiac, MI.
This information is meant to be a general summary of The Furniture Resource Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $106
- Program Service Revenue: $575,762
- Gross Receipts: $1,808,291
Assets and Liabilities:
- Total Assets: $650,986
- Total Liabilities: $82,337
- Net Assets: $568,649
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FURNITURE/ DELIVERY
Revenue
$575,762
Organization Details
Founding Year
1971
Phone
(248) 332-1300Principal Officer
Robert Boyle
Main Address
333 NORTH PERRY STREET, PONTIAC, MI, 48342
Website
www.furniture-bank.orgNTEE Category
Code: P20 - Human services
If you are a representative of The Furniture Resource Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.