Oasis Appliance INC FY2021 filing

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

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-4050751) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
88% of spending went to programs.
Pt IX · Ln 25 · col B
0.5 mo
of spending, in cash
0.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$62K
45% of total assets
Liabilities are 45% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$94K
-43% vs prior year
Spent
$123K
To programs
88%
Net assets
$75K
By yearFY2020–FY2024
Revenue
$94K
FY2021▼ -43%
Tap a bar for its year
Revenue by fiscal year
FY2020$164K
FY2021$94K
FY2022$112K
FY2023$122K
FY2024$120K
Expenses
$123K
FY2021▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2020$136K
FY2021$123K
FY2022$129K
FY2023$164K
FY2024$33K
Net assets
$75K
FY2021▼ -18%
Tap a bar for its year
Net assets by fiscal year
FY2020$92K
FY2021$75K
FY2022$59K
FY2023$17K
FY2024$0

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 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

88 cents of each dollar spent went to programs.

Program services 88% · $108K Management & general 12% · $15K

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
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chairm
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Oasis Appliance INC executive salaries →

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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1 program · $108K · in their own filed words · FY2021
01

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

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-4050751) · Dispute this line
$108Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$94K
Ln 12
Other incomeLn 4–11$94K
Gifts and grantsLn 1h$570
Money outPt IX
$123K
Ln 25
Programscol B$108K
Managementcol C$15K
Owns and owesPt X
$75K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$137K
LiabilitiesLn 26$62K
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$570
Other incomeLn 4–11$94K
Total revenueLn 12$94K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$132K
Total assetsLn 16$137K
LiabilitiesLn 26$62K
Net assetsLn 32$75K
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 FY21End FY21
Cash and savingsLn 1–2$28K$5K
Land, buildings, equipmentLn 10c$141K$132K
Total assetsLn 16$171K$137K
LiabilitiesLn 26$78K$62K
Net assetsLn 32$92K$75K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$51K$51K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$210$210
Office expensesLn 13$3K$3K
OccupancyLn 16$14K$14K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$24K$24K
All other expensesLn 24e$5K$5K
Total functional expensesLn 25$123K$108K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 23, 2026 $120K$33K$87K$0 990 PDF
FY2023Filed with the IRS Sep 11, 2024 $122K$164K−$42K$17K 990 PDF
FY2022Filed with the IRS Jul 12, 2023 $112K$129K−$17K$59K 990 PDF
FY2021 ViewingFiled with the IRS Nov 15, 2022 $94K$123K−$29K$75K 990 PDF
FY2020Filed with the IRS Jul 20, 2021 $164K$136K$28K$92K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $94,241 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $20,000$570
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $144,088$93,671
I-12 Total revenuePrior year $164,088$94,241
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $72,942$55,030
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $62,914$68,110
I-18 Total expensesPrior year $135,856$123,140
I-19 Revenue less expensesPrior year $28,232−$28,899
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 $94,241 across 3 lines filed
Lines not itemized here account for $93,671 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$570
VIII-1h Total contributions, gifts and grants$570
VIII-12 Total revenueRelated to mission $93,671$94,241
Part IX · Statement of functional expenses $123,140 across 10 lines filed
IX-7 Other salaries and wagesPrograms $51,076$51,076
IX-10 Payroll taxesPrograms $3,954$3,954
IX-11c Accounting feesManagement $11,856$11,856
IX-12 Advertising and promotionPrograms $210$210
IX-13 Office expensesManagement $3,236$3,236
IX-16 OccupancyPrograms $13,504$13,504
IX-22 Depreciation, depletion and amortizationPrograms $6,648$6,648
IX-23 InsurancePrograms $3,328$3,328
IX-24 Other expenses (24a–d)Programs $24,103$24,103
IX-24e All other expensesPrograms $5,225$5,225
IX-25 Total functional expensesPrograms $108,048 · Management $15,092 · Fundraising $0$123,140
Part X · Balance sheet $137,182 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $28,208$4,898
X-10c Land, buildings and equipment, netStart of year $141,064$132,284
X-16 Total assetsStart of year $170,553$137,182
X-17 Accounts payable and accrued expensesStart of year $550$342
X-25 Other liabilitiesStart of year $77,881$61,449
X-26 Total liabilitiesStart of year $78,431$61,791
X-27 Net assets without donor restrictionsStart of year $92,122$75,391
X-32 Total net assets or fund balancesStart of year $92,122$75,391
X-33 Total liabilities and net assetsStart of year $170,553$137,182
Part XI · Reconciliation of net assets $75,391 net assets at year end
XI-1 Total revenue$94,241
XI-2 Total expenses$123,140
XI-3 Revenue less expenses−$28,899
XI-4 Net assets at start of year$92,122
XI-9 Other changes in net assets$12,168
XI-10 Net assets at end of year$75,391

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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