2024-06-24T10:09:41-04:00 2023-12-31 472461346 WELLS CPA LLC 215 N FRONT ST STE 110 COLUMBUS OH 43215 990 2023-01-01 311600869 FURNITURE BANK OF CENTRAL OHIO FURN 6142729544 118 SOUTH YALE AVENUE COLUMBUS OH 43222 PHILIP WASHBURN PRESIDENT AND CEO 6142729544 2024-06-15 PHIL WASHBURN 999009999 false DONALD WELLS P01867509 6143968974 2024-06-24 X 2023 2023-04-26 12:10:37Z PHILIP WASHBURN 118 SOUTH YALE AVENUE COLUMBUS OH 43222 7904464 false X WWW.FURNITUREBANKCOH.ORG X 1998 OH TO REDUCE THE IMPACT OF POVERTY BY PROVIDING FURNITURE TO CENTRAL OHIO FAMILIES AND INDIVIDUALS STRUGGLING WITH SEVERE LIFE CHALLENGES. 18 18 101 2025 0 4102842 4685298 850886 933133 20194 38403 1694187 2100597 6668109 7757431 1330161 1480290 0 2104468 2182723 0 287764 2055073 1996003 5489702 5659016 1178407 2098415 8711564 12318399 4548763 6349121 4162801 5969278 TO REDUCE THE IMPACT OF POVERTY BY PROVIDING FURNITURE TO CENTRAL OHIO FAMILIES AND INDIVIDUALS STRUGGLING WITH SEVERE LIFE CHALLENGES. false false 5031133 1480290 933133 THE FURNITURE BANK OF CENTRAL OHIO DISTRIBUTED OVER 30,000 PIECES OF FURNITURE TO OVER 3,500 LOW INCOME FAMILIES WITH THE HELP OF OVER 2,000 VOLUNTEERS AND OVER 9,000 FURNITURE DONORS. 5031133 true true false false false false false false false true true false false true true true true false false false false false false false false false false false true true false false false false false false false false true false false false false false false false false true 0 0 true 101 true false false false false false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true false false X X FREDERICK BARON 6142729544 118 SOUTH YALE AVENUE COLUMBUS OH 43222 PHILIP WASHBURN PRESIDENT AN 50.00 X 155886 0 0 JEREMY BALL CHAIR 2.00 X X 0 0 0 PATRICIA HICKS VICE CHAIR 2.00 X X 0 0 0 THOMAS MACK TREASURER 2.00 X X 0 0 0 MARTY ROSENTHAL SECRETARY 2.00 X X 0 0 0 JOHN SNOBLE BOARD MEMBER 1.00 X 0 0 0 STEVE AYERS BOARD MEMBER 1.00 X 0 0 0 JAMIE EDWARDS BOARD MEMBER 1.00 X 0 0 0 CLAY THOMPSON BOARD MEMBER 1.00 X 0 0 0 KEVIN KUEHL BOARD MEMBER 1.00 X 0 0 0 DARLA KING BOARD MEMBER 1.00 X 0 0 0 JENNA LOXTERMAN BOARD MEMBER 1.00 X 0 0 0 ERIN SIEGFRIED BOARD MEMBER 1.00 X 0 0 0 VINCE PARISI BOARD MEMBER 1.00 X 0 0 0 DOUG MILLER BOARD MEMBER 1.00 X 0 0 0 SANA BARRETT BOARD MEMBER 1.00 X 0 0 0 BRENT HAMMER BOARD MEMBER 1.00 X 0 0 0 DENNIS MORGAN BOARD MEMBER 1.00 X 0 0 0 ASHLEY PATTON BOARD MEMBER 1.00 X 0 0 0 155886 1 false true false 580000 4105298 1480290 4685298 FURNITURE DELIVERY FEES 442000 836778 836778 DOWNSIZE WITH A HEART 442000 96355 96355 933133 38403 38403 2246371 147033 2099338 2099338 MISCELLANEOUS INCOME 900099 1259 1259 1259 7757431 3072133 1480290 1480290 155856 116582 22828 16446 1475645 1103804 216133 155708 334590 250278 49006 35306 216632 162044 31729 22859 63739 47677 9336 6726 324784 324137 647 2702 1142 1560 136769 104518 32251 18223 18187 36 900011 900011 20798 20847 -49 132215 132215 84245 73664 10581 VEHICLE EXPENSES 195901 195395 506 MISCELLANEOUS 63090 54504 8586 FURNITURE MANUFACTURING 39728 36661 3067 SPECIAL EVENTS 8399 3983 4416 5399 5194 205 5659016 5031133 340119 287764 2865948 2417683 204500 1291532 157591 208715 293956 60991 82063 212338 3828802 1599918 1246964 2228884 118110 139331 3742432 5758925 8711564 12318399 127882 82392 435084 318531 300617 261060 3685180 5687138 4548763 6349121 X 2197440 2822103 1965361 3147175 4162801 5969278 8711564 12318399 X 2098415 2017 -293955 X false true X true false X 2194557 2265497 3232118 4102842 4685298 16480312 2051390 2096446 2796126 2679099 3179504 12802565 4245947 4361943 6028244 6781941 7864802 29282877 162919 157005 291645 36797 31422 679788 162919 157005 291645 36797 31422 679788 28603089 30233 30210 21603 695 38403 121144 30233 30210 21603 695 38403 121144 1353 1460 4803 13989 1259 22864 4277533 4393613 6054650 6796625 7904464 29426885 0.97200 0.96410 0.00000 0.00000 X PART III, LINE 12 22,864 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 118110 21221 139331 144338 -26228 118110 126199 18139 144338 115349 10850 126199 96581 18768 115349 1.00000 true false 160380 160380 1816088 526473 1289615 873415 506152 367263 247787 143595 104192 731132 423698 307434 2228884 RIGHT OF USE ASSETS 5687138 DEPOSITS 44037 OTHER ASSETS 27750 5758925 OPERATING LEASE LIABILITIES 5687138 5687138 X 7906481 2017 2017 7904464 -147033 -147033 7757431 5806049 147033 147033 5659016 5659016 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FURNITURE BANK OF CENTRAL OHIO'S ENDOWMENT FUND IS ADMINISTERED BY THE COLUMBUS FOUNDATION. INVESTMENT INCOME FROM THE ENDOWMENT FUND IS USED FOR GENERAL OPERATIONS. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS FASB GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ORGANIZATION, AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. ON DECEMBER 31, 2023 AND 2022, THERE WERE NO MATERIAL UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF OHIO. THE ORGANIZATION'S FEDERAL EXEMPT ORGANIZATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. ALL TAX RETURNS FOR YEARS ENDING AFTER DECEMBER 31, 2020 ARE OPEN FOR EXAMINATION. SCHEDULE D, PAGE 4, PART XI, LINE 4B COST OF GOODS SOLD -147,033 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF GOODS SOLD 147,033 false DONATION OF FURNITURE 1480290 FMV HOUSEHOLD ITEMS X X false false false false false false false false false PHILIP WASHBURN PRESIDENT AND CEO 155886 155886 X 1480290 false true false FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING FOR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL THE DIRECTORS AND OFFICERS OF THE FURNITURE BANK OF CENTRAL OHIO. THE POLICY SPECIFICALLY DETAILS THE APPROVAL PROCESS FOR ANY DIRECTOR OR OFFICER WHEN THEY HAVE A PERSONAL, BUSINESS, FAMILIAL, OR AFFILIATION INTEREST IN A TRANSACTION INVOLVING THE FURNITURE BANK OF CENTRAL OHIO. ALL SUCH INTERESTS MUST BE DISCLOSED TO THE BOARD AND RECEIVE PROPER APPROVAL PRIOR TO THE TRANSACTION TAKING PLACE. FORM 990, PAGE 6, PART VI, LINE 15A CEO COMPENSATION IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS; ALL OF WHOM ARE INDEPENDENT PERSONS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE AT WWW.FURNITUREBANKCOH.ORG AND UPON REQUEST. FORM 990, PART XI, LINE 9 WRITE DOWN OF INVENTORY -293,955