Open Storehouse Incorporated FY2022 filing

Tax-deductible

Jacksonville, FL501(c)(3)EducationEIN 47-1662454Revenue $347K in FY2022

On file with the IRSopenstorehouse.org6999 Merrill Rd Ste 2 Pmb 306, 32277-2690 · Jacksonville, FLTax-exempt since May 2016Publicly supported charity — 170(b)(1)(A)(vi)

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to eliminate lack and suffering among disadvantaged groups by connecting people and resources to provide for the underpriviledged

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$70K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
3 of 3
filings with a surplus
Average surplus $19K a year · 6% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$70K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $21K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$120
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$347K
+98% vs prior year
Spent
$317K
To programs
68%
Net assets
$54K
By yearFY2020–FY2024
Revenue
$347K
FY2022▲ +98%
Tap a bar for its year
Revenue by fiscal year
FY2020$175K
FY2021Not on file
FY2022$347K
FY2023$332K
FY2024$362K
Expenses
$317K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$317K
FY2023$322K
FY2024$343K
Net assets
$54K
FY2022▲ +732%
Tap a bar for its year
Net assets by fiscal year
FY2020$7K
FY2021$7K
FY2022$54K
FY2023$58K
FY2024$61K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 May 2016.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $216K Management & general 30% · $94K Fundraising 2% · $7K

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

1 person listed on the 990; $70K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$69,999Pt VII · Sec A

Brad Klein’s $70K as President is at the 62nd percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2020
Brad Klein$70,000$70,000$69,999—
Brad L Klein———$64,833

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

Connects people and resources to alleviate lack and suffering for disadvantaged groups.

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Provided by the organization

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3 programs · $181K · in their own filed words · FY2022
01

to empower model and equip the next generations to love wholly and

$107Kprogram expense
02

India school

$57Kprogram expense
03

Afghanistan Covid Relief food and shelter

$17Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$21K
Grants paid · 2 grants · $108K · 2024–2024
Kind Heart INCFL · FY2024$103,003
Unitemized GrantFY2024$5,170

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$347K
Ln 12
Gifts and grantsLn 1h$347K
Investment incomeLn 3$33
Money outPt IX
$317K
Ln 25
Programscol B$216K
Managementcol C$94K
Fundraisingcol D$7K
Owns and owesPt X
$54K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$54K
LiabilitiesLn 26$120
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$347K
Investment incomeLn 3$33
Total revenueLn 12$347K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Land, buildings, equipmentLn 10c$17K
Total assetsLn 16$54K
LiabilitiesLn 26$120
Net assetsLn 32$54K
OperationsPt I, VI
EmployeesI 50
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 FY22End FY22
Cash and savingsLn 1–2$31K$36K
Land, buildings, equipmentLn 10c$17K
Total assetsLn 16$32K$54K
LiabilitiesLn 26$3K$120
Net assetsLn 32$29K$54K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$107K$107K
Grants and assistance to foreign recipientsLn 3$109K$109K
Pay of current officers, directors and key staffLn 5$70K$70K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$6K$6K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$88$88
Office expensesLn 13$2K$2K
Information technologyLn 14$388$388
OccupancyLn 16$276$276
TravelLn 17$7K$7K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$317K$216K$94K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $362K$343K$19K$61K 990 PDF
FY2023 $332K$322K$10K$58K 990 PDF
FY2022 Viewing $347K$317K$30K$54K 990 PDF
FY2021 $7K 990 PDF
FY2020 $175K$7K 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 FY2022 990 (6 parts)
Part I · Summary $346,671 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $261,777$346,638
I-9 Program service revenue$0
I-10 Investment incomePrior year $5$33
I-11 Other revenue$0
I-12 Total revenuePrior year $261,782$346,671
I-13 Grants and similar amounts paidPrior year $143,028$215,737
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $81,845$79,537
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $14,069$21,548
I-18 Total expensesPrior year $238,942$316,822
I-19 Revenue less expensesPrior year $22,840$29,849
Part VI · Governance 0 of 1 board members independent, no flags
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $346,671 across 5 lines filed
VIII-1f All other contributions, gifts and grants$346,638
VIII-1h Total contributions, gifts and grants$346,638
VIII-3 Investment incomeRelated to mission $33$33
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $33$346,671
Part IX · Statement of functional expenses $316,822 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $106,828$106,828
IX-3 Grants and assistance to foreign recipientsPrograms $108,909$108,909
IX-5 Pay of current officers, directors and key staffManagement $69,999$69,999
IX-9 Other employee benefitsManagement $3,952$3,952
IX-10 Payroll taxesManagement $5,586$5,586
IX-11c Accounting feesManagement $3,300$3,300
IX-12 Advertising and promotionManagement $88$88
IX-13 Office expensesManagement $2,210$2,210
IX-14 Information technologyManagement $388$388
IX-16 OccupancyManagement $276$276
IX-17 TravelFundraising $6,819$6,819
IX-24 Other expenses (24a–d)Management $8,467$8,467
IX-25 Total functional expensesPrograms $215,737 · Management $94,266 · Fundraising $6,819$316,822
Part X · Balance sheet $54,473 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $30,834$35,935
X-4 Accounts receivable$212
X-10c Land, buildings and equipment, net$17,300
X-14 Intangible assets$1,026
X-16 Total assetsStart of year $32,153$54,473
X-17 Accounts payable and accrued expensesStart of year $2,779$120
X-26 Total liabilitiesStart of year $2,779$120
X-27 Net assets without donor restrictionsStart of year $29,374$54,353
X-32 Total net assets or fund balancesStart of year $29,374$54,353
X-33 Total liabilities and net assetsStart of year $32,153$54,473
Part XI · Reconciliation of net assets $54,353 net assets at year end
XI-1 Total revenue$346,671
XI-2 Total expenses$316,822
XI-3 Revenue less expenses$29,849
XI-4 Net assets at start of year$29,374
XI-10 Net assets at end of year$54,353

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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