The Laundry Stop INC FY2022 filing

Franklin, TNUnknown exempt organization EIN 83-3212806Revenue $154K in FY2022

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.
$19K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
$19K
to officers and key staff · 23% of spending
Worth a look: pay to officers and key staff is 23% of spending; over 20%.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 11.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$154K
Spent
$85K
To programs
100%
Net assets
$124K
By yearFY2022–FY2024
Revenue
$154K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$154K
FY2023$34K
FY2024$61K
Expenses
$85K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$85K
FY2023$90K
FY2024$82K
Net assets
$124K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$124K
FY2023$68K
FY2024$0

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 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% · $85K

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

3 people listed on the 990; $19K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$19,152Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$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 · $85K · in their own filed words · FY2022
01

To provide laundry services to those in need

$85Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$154K
Ln 12
Gifts and grantsLn 1h$154K
Money outPt IX
$85K
Ln 25
Programscol B$85K
Owns and owesPt X
$124K
net assets · Ln 32
Cash and savingsLn 1–2$83K
Total assetsLn 16$124K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$154K
Total revenueLn 12$154K
Assets in detailPt X, end of year
CashLn 1$83K
Cash and savings togetherLn 1–2$83K
Land, buildings, equipmentLn 10c$41K
Total assetsLn 16$124K
LiabilitiesLn 26$0
Net assetsLn 32$124K
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 FY22End FY22
Cash and savingsLn 1–2$55K$83K
Land, buildings, equipmentLn 10c$41K
Total assetsLn 16$55K$124K
LiabilitiesLn 26$0$0
Net assetsLn 32$55K$124K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$7K$7K
Pay of current officers, directors and key staffLn 5$19K$19K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$4K$4K
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$85K$85K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $61K$82K−$21K$0 990 PDF
FY2023 $34K$90K−$56K$68K 990 PDF
FY2022 Viewing $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 FY2022 990 (6 parts)
Part I · Summary $153,887 revenue, 12 lines filed
I-8 Contributions and grants$153,887
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$153,887
I-13 Grants and similar amounts paid$7,269
I-14 Benefits paid to members$0
I-15 Salaries and benefits$20,659
I-16a Professional fundraising fees$0
I-17 Other expenses$56,853
I-18 Total expenses$84,781
I-19 Revenue less expenses$69,106
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $153,887 across 3 lines filed
VIII-1f All other contributions, gifts and grants$153,887
VIII-1h Total contributions, gifts and grants$153,887
VIII-12 Total revenue$153,887
Part IX · Statement of functional expenses $84,781 across 11 lines filed
IX-2 Grants to domestic individualsPrograms $7,269$7,269
IX-5 Pay of current officers, directors and key staffPrograms $19,152$19,152
IX-10 Payroll taxesPrograms $1,507$1,507
IX-11b Legal feesPrograms $1,050$1,050
IX-11c Accounting feesPrograms $3,592$3,592
IX-12 Advertising and promotionPrograms $7,268$7,268
IX-13 Office expensesPrograms $3,721$3,721
IX-22 Depreciation, depletion and amortizationPrograms $19,200$19,200
IX-23 InsurancePrograms $3,661$3,661
IX-24 Other expenses (24a–d)Programs $16,338$16,338
IX-24e All other expensesPrograms $2,023$2,023
IX-25 Total functional expensesPrograms $84,781 · Management $0 · Fundraising $0$84,781
Part X · Balance sheet $124,123 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $55,017$83,441
X-10c Land, buildings and equipment, net$40,682
X-16 Total assetsStart of year $55,017$124,123
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $55,017$124,123
X-32 Total net assets or fund balancesStart of year $55,017$124,123
X-33 Total liabilities and net assetsStart of year $55,017$124,123
Part XI · Reconciliation of net assets $124,123 net assets at year end
XI-1 Total revenue$153,887
XI-2 Total expenses$84,781
XI-3 Revenue less expenses$69,106
XI-4 Net assets at start of year$55,017
XI-10 Net assets at end of year$124,123

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

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