Depot Outlet INC

Tax-deductible

Decorah, IA501(c)(3)Since 1973EIN 42-1005989

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To encourage and assist generous area residents in recycling their discarded clothing, small household goods, furniture, and books and offer those items for sale at a low price. The goal is to provide area residents with opportunities to volunteer, train, and work in the organization's recycling efforts. With the funds generated, the Depot Outlet provides grants to non-profit and church organizations throughout winneshiek county.

501(c)(3) charity; gifts are tax-deductible.
49¢ of each $1 spent went to programs.
Run by 32 volunteers and 34 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $27K a year · 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
49%
of spending
Concern: 49% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$940K
33% of total assets
Looks good: liabilities are 33% 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
$2.0M
-1% vs prior year
Spent
$2.1M
To programs
49%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▼ -1%
Revenue by fiscal year
FY2020$1.5M
FY2021$2.1M
FY2022$2.1M
FY2023$2.1M
FY2024$2.0M
FY2025$2.0M
Expenses
$2.1M
FY2025▲ +2%
Expenses by fiscal year
FY2020$1.5M
FY2021$1.9M
FY2022$2.1M
FY2023$2.0M
FY2024$2.1M
FY2025$2.1M
Net assets
$1.9M
FY2025▼ -4%
Net assets by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$1.9M
FY2023$2.0M
FY2024$2.0M
FY2025$1.9M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1974.

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

Where the money goes

49 cents of each dollar spent went to programs.

Program services 49% · $1.0M Management & general 51% · $1.1M

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; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
$59,767Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Historian
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jessica O'Mara Kelly$59,767$53,613$50,504$48,602——
Amanda Holthaus————$43,048$43,116

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Collects and resells donated clothing and goods, offering volunteer and work opportunities, and funding local causes.

Provided by the organization

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2 programs · $1.0M · in their own filed words · FY2025
01

Used clothing, books, & small household goods donated to the organization were cleaned sorted and sold to families in need at low prices through the combined efforts of employees, local church volunteers, and donors.

$760Kprogram expense
02

Small grants were disbursed to other non-profit community organizations based upon requests received and funds available.

$267Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $39K · 2023–2025
Decorah Community School DistrictFY2024$19,750
South Winneshiek CsdFY2024$6,850
South Winneshiek CsdFY2023$5,950

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$994K
Fees for servicesLn 2g$994K
Investment incomeLn 3$28K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.0M
Managementcol C$1.1M
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$674K
Total assetsLn 16$2.8M
LiabilitiesLn 26$940K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$994K
Noncash giftsLn 1g$994K
Fees for servicesLn 2g$994K
Investment incomeLn 3$28K
Other incomeLn 4–11$1K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$19K
SavingsLn 2$655K
Cash and savings togetherLn 1–2$674K
InvestmentsLn 11–13$60K
Land, buildings, equipmentLn 10c$2.1M
Other assetsLn 15$6K
Total assetsLn 16$2.8M
LiabilitiesLn 26$940K
Net assetsLn 32$1.9M
OperationsPt I, VI
EmployeesI 534
VolunteersI 632
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$896K$674K
InvestmentsLn 11–13$60K
Land, buildings, equipmentLn 10c$1.4M$2.1M
Total assetsLn 16$2.3M$2.8M
LiabilitiesLn 26$348K$940K
Net assetsLn 32$2.0M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$267K$267K
Pay of current officers, directors and key staffLn 5$60K$12K$48K
Other salaries and wagesLn 7$467K$467K
Pension plan contributionsLn 8$9K$8K$1K
Other employee benefitsLn 9$19K$11K$8K
Payroll taxesLn 10$42K$39K$4K
Accounting feesLn 11c$20K$10K$10K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$7K$2K$5K
OccupancyLn 16$50K$46K$4K
InterestLn 20$44K$44K
Depreciation, depletion and amortizationLn 22$45K$45K
InsuranceLn 23$34K$33K$986
Other expenses (24a–d)Ln 24$1.0M$26K$994K
All other expensesLn 24e$15K$13K$2K
Total functional expensesLn 25$2.1M$1.0M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.1M−$89K$1.9M 990 PDF
FY2024 $2.0M$2.1M−$23K$2.0M 990 PDF
FY2023 $2.1M$2.0M$118K$2.0M 990 PDF
FY2022 $2.1M$2.1M$6K$1.9M 990 PDF
FY2021 $2.1M$1.9M$156K$1.9M 990 PDF
FY2020 $1.5M$1.5M−$3K$1.7M 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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $2,016,119 across 7 lines filed
VIII-1f All other contributions, gifts and grants$993,616
VIII-1g Noncash contributions (included above)$993,616
VIII-1h Total contributions, gifts and grants$993,616
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $993,616$993,616
VIII-3 Investment incomeRelated to mission $27,887$27,887
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,000$1,000
VIII-12 Total revenueRelated to mission $1,022,503$2,016,119
Part IX · Statement of functional expenses $2,105,172 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $267,472$267,472
IX-5 Pay of current officers, directors and key staffPrograms $11,953 · Management $47,814$59,767
IX-7 Other salaries and wagesPrograms $466,895$466,895
IX-8 Pension plan contributionsPrograms $7,617 · Management $1,380$8,997
IX-9 Other employee benefitsPrograms $11,058 · Management $8,099$19,157
IX-10 Payroll taxesPrograms $38,602 · Management $3,646$42,248
IX-11c Accounting feesPrograms $9,780 · Management $9,780$19,560
IX-12 Advertising and promotionPrograms $6,311$6,311
IX-13 Office expensesPrograms $1,642 · Management $5,214$6,856
IX-16 OccupancyPrograms $46,137 · Management $4,335$50,472
IX-20 InterestPrograms $44,155$44,155
IX-22 Depreciation, depletion and amortizationPrograms $44,553$44,553
IX-23 InsurancePrograms $32,524 · Management $986$33,510
IX-24 Other expenses (24a–d)Programs $25,871 · Management $994,262$1,020,133
IX-24e All other expensesPrograms $13,364 · Management $1,722$15,086
IX-25 Total functional expensesPrograms $1,027,934 · Management $1,077,238 · Fundraising $0$2,105,172
Part X · Balance sheet $2,843,356 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $683,407$18,588
X-2 Savings and temporary cash investmentsStart of year $212,527$654,941
X-9 Prepaid expenses and deferred chargesStart of year $4,685$25,477
X-10c Land, buildings and equipment, netStart of year $1,405,615$2,078,800
X-12 Other securities$60,000
X-15 Other assetsStart of year $16,438$5,550
X-16 Total assetsStart of year $2,322,783$2,843,356
X-17 Accounts payable and accrued expensesStart of year $49,478$33,281
X-26 Total liabilitiesStart of year $348,399$939,793
X-27 Net assets without donor restrictionsStart of year $1,974,384$1,903,563
X-32 Total net assets or fund balancesStart of year $1,974,384$1,903,563
X-33 Total liabilities and net assetsStart of year $2,322,783$2,843,356
Part XI · Reconciliation of net assets $1,903,563 net assets at year end
XI-1 Total revenue$2,016,119
XI-2 Total expenses$2,105,172
XI-3 Revenue less expenses−$89,053
XI-4 Net assets at start of year$1,974,384
XI-8 Prior period adjustments$18,232
XI-10 Net assets at end of year$1,903,563

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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