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Oasis Appliance INC FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)Since 2009ReligionEIN 26-4050751Revenue $164K in FY2020

On file with the IRSoasis-of-hope.com/oasis-appliance932 North Sixth Street · Memphis, TNTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Providing christian ministry, primarily in north memphis TN, by assisting low income persons to purchase needed furniture and appliances.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $6K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$78K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
Spent
$136K
To programs
89%
Net assets
$92K
By yearFY2020–FY2024
Revenue
$164K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$164K
FY2021$94K
FY2022$112K
FY2023$122K
FY2024$120K
Expenses
$136K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$136K
FY2021$123K
FY2022$129K
FY2023$164K
FY2024$33K
Net assets
$92K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$92K
FY2021$75K
FY2022$59K
FY2023$17K
FY2024$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $121K Management & general 11% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Dana Driver
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Eli Morris
Board Chairm
$0Pt VII · Sec A
Jackie Bass
Board Member
$0Pt VII · Sec A
Henry Bishop
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Jill Dyson
Board Member
$0Pt VII · Sec A
John Hvasta
Board Member
$0Pt VII · Sec A
See Oasis Appliance INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income people in North Memphis buy needed furniture and appliances through Christian ministry.

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Provided by the organization

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1 program · $120K · in their own filed words · FY2020
01

Provide quality pre-owned appliances at significantly reduced prices for residents of low-income neighborhoods.

$120Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Oasis of HopeFY2022$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$164K
Ln 12
Other incomeLn 4–11$144K
Gifts and grantsLn 1h$20K
Money outPt IX
$136K
Ln 25
Programscol B$121K
Managementcol C$14K
Owns and owesPt X
$92K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$171K
LiabilitiesLn 26$78K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Government grantsLn 1e$13K
Other incomeLn 4–11$144K
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Land, buildings, equipmentLn 10c$141K
Total assetsLn 16$171K
LiabilitiesLn 26$78K
Net assetsLn 32$92K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$3K$28K
Land, buildings, equipmentLn 10c$122K$141K
Total assetsLn 16$125K$171K
LiabilitiesLn 26$61K$78K
Net assetsLn 32$64K$92K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$68K$68K
Payroll taxesLn 10$5K$5K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$315$315
Office expensesLn 13$4K$4K
OccupancyLn 16$10K$10K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$19K$19K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$136K$121K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $120K$33K$87K$0 990 PDF
FY2023 $122K$164K−$42K$17K 990 PDF
FY2022 $112K$129K−$17K$59K 990 PDF
FY2021 $94K$123K−$29K$75K 990 PDF
FY2020 Viewing $164K$136K$28K$92K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $164,088 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,381$20,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $118,965$144,088
I-12 Total revenuePrior year $133,346$164,088
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $74,069$72,942
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $74,012$62,914
I-18 Total expensesPrior year $148,081$135,856
I-19 Revenue less expensesPrior year −$14,735$28,232
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $164,088 across 5 lines filed
Lines not itemized here account for $141,688 of total revenue; see the IRS return.
VIII-1e Government grants$13,381
VIII-1f All other contributions, gifts and grants$6,619
VIII-1h Total contributions, gifts and grants$20,000
VIII-6 Net rental income or lossRelated to mission $2,400$2,400
VIII-12 Total revenueRelated to mission $144,088$164,088
Part IX · Statement of functional expenses $135,856 across 10 lines filed
IX-7 Other salaries and wagesPrograms $67,711$67,711
IX-10 Payroll taxesPrograms $5,231$5,231
IX-11c Accounting feesManagement $10,554$10,554
IX-12 Advertising and promotionPrograms $315$315
IX-13 Office expensesManagement $3,810$3,810
IX-16 OccupancyPrograms $9,578$9,578
IX-22 Depreciation, depletion and amortizationPrograms $6,218$6,218
IX-23 InsurancePrograms $6,851$6,851
IX-24 Other expenses (24a–d)Programs $18,779$18,779
IX-24e All other expensesPrograms $6,809$6,809
IX-25 Total functional expensesPrograms $121,492 · Management $14,364 · Fundraising $0$135,856
Part X · Balance sheet $170,553 assets, 9 lines filed
Asset lines not itemized here account for $1,281; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,065$28,208
X-10c Land, buildings and equipment, netStart of year $122,150$141,064
X-16 Total assetsStart of year $125,215$170,553
X-17 Accounts payable and accrued expensesStart of year $1,672$550
X-25 Other liabilitiesStart of year $59,653$77,881
X-26 Total liabilitiesStart of year $61,325$78,431
X-27 Net assets without donor restrictionsStart of year $63,890$92,122
X-32 Total net assets or fund balancesStart of year $63,890$92,122
X-33 Total liabilities and net assetsStart of year $125,215$170,553
Part XI · Reconciliation of net assets $92,122 net assets at year end
XI-1 Total revenue$164,088
XI-2 Total expenses$135,856
XI-3 Revenue less expenses$28,232
XI-4 Net assets at start of year$63,890
XI-10 Net assets at end of year$92,122

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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