The Laundry Stop INC

Franklin, TNUnknown exempt organization EIN 83-3212806Revenue $61K in FY2024

On file with the IRSthelaundrystop.orgPo Box 544 · Franklin, TN

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To help restore dignity and hope to those in need by providing an excellent mobile Laundry service. We commit to build relationships and meet additional needs as we discover them.

100¢ of each $1 spent went to programs.
Run by 30 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 3
filings with a surplus
Average deficit $3K a year · 3% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$27K
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 2 voting members
Fine: 1 of 2 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$61K
+79% vs prior year
Spent
$82K
To programs
100%
Net assets
$0
By yearFY2022–FY2024
Revenue
$61K
FY2024▲ +79%
Tap a bar for its year
Revenue by fiscal year
FY2022$154K
FY2023$34K
FY2024$61K
Expenses
$82K
FY2024▼ -9%
Tap a bar for its year
Expenses by fiscal year
FY2022$85K
FY2023$90K
FY2024$82K
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2022$124K
FY2023$68K
FY2024$0

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $82K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990; $27K paid to officers and key staff.

Part VII, Section A · reportable compensation
$26,923Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022
Jenette Leach—$35,568$19,152
Jeanette Leach$26,923——

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 15aNo

Programs and updates

Provides mobile laundry service to restore dignity and hope, meeting other needs discovered.

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Provided by the organization

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1 program · $82K · in their own filed words · FY2024
01

To provide laundry services to those in need

$82Kprogram 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 1 funder$10K
Grants paid · 4 grants · $7K · 2022–2022
Unitemized GrantFY2022$5,648
Unitemized GrantFY2022$1,066
Unitemized GrantFY2022$400
Unitemized GrantFY2022$155

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$61K
Ln 12
Gifts and grantsLn 1h$61K
Money outPt IX
$82K
Ln 25
Programscol B$82K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$61K
Total revenueLn 12$61K
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 51
VolunteersI 630
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 FY24End FY24
Total assetsLn 16$68K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$68K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$700$700
Pay of current officers, directors and key staffLn 5$27K$27K
Other employee benefitsLn 9$2K$2K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$11K$11K
TravelLn 17$517$517
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$13K$13K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$82K$82K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $61K$82K−$21K$0 990 PDF
FY2023 $34K$90K−$56K$68K 990 PDF
FY2022 $154K$85K$69K$124K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $61,477 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $34,295$61,477
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $34,295$61,477
I-13 Grants and similar amounts paidPrior year $1,588$700
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $39,027$30,717
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $49,590$51,006
I-18 Total expensesPrior year $90,205$82,423
I-19 Revenue less expensesPrior year −$55,910−$20,946
Part VI · Governance 1 of 2 board members independent, 3 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members1
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $61,477 across 3 lines filed
VIII-1f All other contributions, gifts and grants$61,477
VIII-1h Total contributions, gifts and grants$61,477
VIII-12 Total revenue$61,477
Part IX · Statement of functional expenses $82,423 across 13 lines filed
IX-2 Grants to domestic individualsPrograms $700$700
IX-5 Pay of current officers, directors and key staffPrograms $26,923$26,923
IX-9 Other employee benefitsPrograms $1,692$1,692
IX-10 Payroll taxesPrograms $2,102$2,102
IX-11b Legal feesPrograms $2,800$2,800
IX-11c Accounting feesPrograms $7,488$7,488
IX-12 Advertising and promotionPrograms $1,928$1,928
IX-13 Office expensesPrograms $11,439$11,439
IX-17 TravelPrograms $517$517
IX-22 Depreciation, depletion and amortizationPrograms $4,882$4,882
IX-23 InsurancePrograms $5,393$5,393
IX-24 Other expenses (24a–d)Programs $12,578$12,578
IX-24e All other expensesPrograms $3,981$3,981
IX-25 Total functional expensesPrograms $82,423 · Management $0 · Fundraising $0$82,423
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $68,213$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $68,213$0
X-33 Total liabilities and net assetsStart of year $68,213$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$61,477
XI-2 Total expenses$82,423
XI-3 Revenue less expenses−$20,946
XI-4 Net assets at start of year$68,213
XI-9 Other changes in net assets−$47,267
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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