2023-11-03T08:14:39-05:00 2022-12-31 043033132 LOISELLE AND ASSOCIATES PC 1 BRIDGEVIEW CIRCLE TYNGSBORO MA 01879 990 2022-01-01 262607677 THE FURNITURE TRUST ORGANIZATION INC FURN 8448438787 54 MYSTIC STREET ARLINGTON MA 02474 STEPHEN FOX PRESIDENT 8448438787 2023-10-03 1 STEPHEN FOX 999009999 0 RICHARD D LOISELLE P00459208 9786492204 2023-10-03 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN FOX 54 MYSTIC STREET ARLINGTON MA 02474 5812519 0 X THEFURNITURETRUST.ORG X 2008 MA ENVIRONMENTALLY FRIENDLY OFFICE FURNITURE DISPOSITION - EDUCATE CORPORATIONS AND INSTITUTIONS ABOUT THE BENEFITS OF RECYCLING UNWANTED OFFICE FURNITURE, RATHER THAN THROWING IT IN A LANDFILL. THE TRUST RECYCLES USED OFFICE FURNITURE (GIFTS-IN-KIND) BY DONATING SOME TO APPROXIMATELY 30 OTHER NONPROFIT ORGANIZATIONS, BY SELLING SOME, ALLOWING OTHER CORPORATIONS TO RE-USE THE UNWANTED OFFICE FURNITURE AND RECYCLING ANY REMAINING UNWANTED OFFICE FURNITUE FOR SCRAP VALUE. 5 5 5 0 0 0 5929000 4398161 1147909 1411245 20 3113 0 0 7076929 5812519 0 0 0 0 185533 242999 0 0 13540 6710864 5515877 6896397 5758876 180532 53643 754466 838783 207335 239711 547131 599072 X THE FURNITURE TRUST IS DRIVEN TO MAKE A POSITIVE, COMMUNITY IMPACT WITH USED OFFICE FURNISHINGS, WHILE PROVIDING THE MOST ECONOMICAL AND ENVIRONMENTALLY RESPONSIBLE SOLUTIONS TO LOCAL BUSINESSES. WE PROVIDE COMPANIES OF ALL SIZES WITH A PROVEN PROCESS FOR DECOMMISSIONING THAT MAXIMIZES THE VALUE OF UNWANTED FURNITURE ASSETS. LEVERAGING OUR SUSTAINABLE NETWORK, THE FURNITURE TRUST CONNECTS DONATED, OFFICE FURNISHINGS WITH LOCAL SCHOOLS AND NONPROFITS. 0 0 5681042 1414358 TO PARTNER WITH CORPORATIONS THROUGH COOPERATIVE AGREEMENTS TO DISMANTLE & TRANSPORT UNWANTED USED OFFICE FURNITURE TO EITHER OTHER NONPROFIT ORGANIZATIONS, SELL TO INDIVIDUALS OR CORPORATIONS, OR SALVAGE THE RAW MATERIALS THROUGH ENVIRONMENTALLY FRIENDLY RECYCLING PROCEDURES. 5681042 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 5 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X DANA DEVEAU 8448438787 54 MYSTIC STREET ARLINGTON MA 02474 CHRISTINE MOSHOLDER DIRECTOR 5.00 X 0 0 0 JOHN RILEY SECRETARY 1.00 X X 0 0 0 STEVE FOX PRESIDENT 5.00 X X 0 0 0 BRENDA BOISSONNAULT DIRECTOR 1.00 X 0 0 0 JOHN HITT TREASURER 3.00 X X 0 0 0 DANA DEVEAU EXECUTIVE DIRECTOR 40.00 X 101959 0 0 101959 0 0 1 0 0 0 0 4398161 4396950 4398161 MISCELLANEOUS 900099 800 800 1410445 1410445 1411245 3113 3113 5812519 1414358 0 0 101959 81567 15294 5098 121340 97072 18201 6067 2558 2046 384 128 17142 13714 2571 857 3581 3581 7538 7538 1390 1390 1843 1843 10429 10429 16236 12177 4059 3792 533 3259 CHARITABLE CONTRIBUTION 3237997 3237997 DECLINE IN FMV-DONORS D 1158952 1158952 FURNITURE REMOVAL, SERV 1056525 1056525 BAD DEBT 5000 5000 12594 5030 7564 5758876 5681042 64294 13540 457256 567855 101065 76093 103105 164302 24309 93040 6224 754466 838783 191997 167570 15338 72141 207335 239711 X 547131 599072 547131 599072 754466 838783 53643 -1702 0 X 0 1 X 1 0 X 2256950 8256264 2520539 5929000 4398161 23360914 2256950 8256264 2520539 5929000 4398161 23360914 23360914 22 20 20 20 3113 3195 1211 900 800 2911 23367020 5570089 0.99970 0.99980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RIGHT OF USE LIABILITY--OFFICE SPACE 3129 CONTRACT LIABILITIES 69012 72141 X PART X, LINE 2: THE TRUST'S OPEN AUDIT PERIODS ARE DECEMBER 31, 2019 THROUGH DECEMBER 31, 2022. IN EVALUATING THE TRUST'S TAX PROVISIONS AND ACCRUALS, FUTURE TAXABLE INCOME, AND THE REVERSAL OF TEMPORARY DIFFERENCES, INTERPRETATIONS, AND TAX PLANNING STRATEGIES ARE CONSIDERED. THE TRUST BELIEVES THEIR ESTIMATES ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. X USED OFFICE FURNITURE 0 4396950 COMPARABLE SALES/APP 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR DISCUSSION AND APPROVAL BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C QUESTIONNAIRES ARE SENT OUT ANNUALLY AND MUST BE SIGNED BY BOARD MEMBERS TO ENSURE THAT NO CONFLICTS OF INTEREST HAVE OCCURRED DURING THE YEAR. BOARD MEMBERS ARE PRECLUDED FROM TAKING PART IN ANY APPROVAL OF ACTIVITIES IN WHICH THERE IS A POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DOES AN ANNUAL REVIEW OF ALL EMPLOYEE COMPENSATION BASED ON AVAILABLE DATA AND EMPLOYEE PERFORMANCE REVIEWS. BOARD DISCUSSES COMPENSATION INCREASES AND VOTES TO APPROVE OR DISAPPROVE. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE FOR PUBLIC REVIEW. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS TAX RETURNS AND TAX EXEMPT APPLICATION DOCUMENTS AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE UPON REQUEST, AND IS ALSO POSTED ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 990-T.