Furnish for Good

Tax-deductible

Charlotte, NC501(c)(3)HousingEIN 84-2758965Revenue $1.0M in FY2025

On file with the IRSfurnishforgood.org3420 St Vardell Ln Ste A, 28217-1395 · Charlotte, NCTax-exempt since Oct 2019Publicly supported charity — 170(b)(1)(A)(vi)

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To connect furniture and household goods to individuals and families transitioning out of homelessness, poverty and other dire circumstances through the effective re-use of quality furniture and household donations.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Run by 25 volunteers.
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
5 of 5
filings with a surplus
Average surplus $129K a year · 19% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$127K
to officers and key staff · 13% of spending
Top officer’s pay higher than 56% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 14 voting members
Looks good: 12 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
+31% vs prior year
Spent
$942K
To programs
96%
Net assets
$809K
By yearFY2021–FY2025
Revenue
$1.0M
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2021$361K
FY2022$424K
FY2023$824K
FY2024$772K
FY2025$1.0M
Expenses
$942K
FY2025▲ +24%
Tap a bar for its year
Expenses by fiscal year
FY2021$167K
FY2022$304K
FY2023$577K
FY2024$760K
FY2025$942K
Net assets
$809K
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$344K
FY2022$464K
FY2023$710K
FY2024$722K
FY2025$809K

From the FY2025 Form 990 (year ending May 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2019.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $904K Fundraising 4% · $38K

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

15 people listed on the 990; $127K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$126,567Pt VII · Sec A
Boardmember
$0Pt VII · Sec A
Community Volunteer Coordinator
$0Pt VII · Sec A
Board Member
$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

Maggie Morton’s $127K as Executive Director is at the 56th percentile of top reported officer pay among 2036 $1–10M housing 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

NameFY2025FY2022
Maggie Morton$126,567—
Lesley Faulkner—$16,600

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.

See Furnish for Good executive salaries →

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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

Distributes donated furniture and household goods to those in need.

Provided by the organization

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1 program · $904K · in their own filed words · FY2024
01

Provided furniture and household goods to 516 adults and 381 children during the fiscal year. Furnish for Good connects well-loved home furnishings to underserved communities through an experience of empowerment.

$904Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$4K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Gifts and grantsLn 1h$778K
Fees for servicesLn 2g$213K
Investment incomeLn 3$22K
Money outPt IX
$942K
Ln 25
Programscol B$904K
Fundraisingcol D$38K
Owns and owesPt X
$809K
net assets · Ln 32
Cash and savingsLn 1–2$771K
Total assetsLn 16$816K
LiabilitiesLn 26$7K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$778K
Fundraising eventsLn 1c$265K
Fees for servicesLn 2g$213K
Investment incomeLn 3$22K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$62K
SavingsLn 2$708K
Cash and savings togetherLn 1–2$771K
Land, buildings, equipmentLn 10c$36K
Total assetsLn 16$816K
LiabilitiesLn 26$7K
Net assetsLn 32$809K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$686K$771K
Land, buildings, equipmentLn 10c$38K$36K
Total assetsLn 16$736K$816K
LiabilitiesLn 26$13K$7K
Net assetsLn 32$722K$809K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$464K$464K
Payroll taxesLn 10$39K$39K
Management feesLn 11a$33K$33K
Accounting feesLn 11c$18K$18K
Advertising and promotionLn 12$41K$3K$38K
Office expensesLn 13$31K$31K
Information technologyLn 14$5K$5K
OccupancyLn 16$133K$133K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$9K$9K
Depreciation, depletion and amortizationLn 22$5K$5K
InsuranceLn 23$28K$28K
Other expenses (24a–d)Ln 24$106K$106K
All other expensesLn 24e$26K$26K
Total functional expensesLn 25$942K$904K$0$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.0M$942K$72K$809K 990 PDF
FY2024 $772K$760K$12K$722K 990 PDF
FY2023 $824K$577K$247K$710K 990 PDF
FY2022 $424K$304K$120K$464K 990 PDF
FY2021 $361K$167K$195K$344K 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 (6 parts)
Part I · Summary $1,013,558 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $683,364$777,734
I-9 Program service revenuePrior year $74,173$213,327
I-10 Investment incomePrior year $14,451$22,497
I-11 Other revenue$0
I-12 Total revenuePrior year $771,988$1,013,558
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $282,973$503,117
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $477,041$438,921
I-18 Total expensesPrior year $760,014$942,038
I-19 Revenue less expensesPrior year $11,974$71,520
Part VI · Governance 12 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $1,013,558 across 7 lines filed
VIII-1c Fundraising events$265,360
VIII-1f All other contributions, gifts and grants$512,374
VIII-1h Total contributions, gifts and grants$777,734
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $213,327$213,327
VIII-3 Investment incomeRelated to mission $22,497$22,497
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $235,824 · Unrelated business $0 · Excluded from tax $0$1,013,558
Part IX · Statement of functional expenses $942,038 across 14 lines filed
IX-7 Other salaries and wagesPrograms $464,230$464,230
IX-10 Payroll taxesPrograms $38,887$38,887
IX-11a Management feesPrograms $33,014$33,014
IX-11c Accounting feesPrograms $17,998$17,998
IX-12 Advertising and promotionPrograms $3,012 · Fundraising $37,961$40,973
IX-13 Office expensesPrograms $30,859$30,859
IX-14 Information technologyPrograms $5,415$5,415
IX-16 OccupancyPrograms $133,331$133,331
IX-17 TravelPrograms $3,322$3,322
IX-19 Conferences, conventions and meetingsPrograms $8,927$8,927
IX-22 Depreciation, depletion and amortizationPrograms $5,402$5,402
IX-23 InsurancePrograms $27,606$27,606
IX-24 Other expenses (24a–d)Programs $106,222$106,222
IX-24e All other expensesPrograms $25,852$25,852
IX-25 Total functional expensesPrograms $904,077 · Management $0 · Fundraising $37,961$942,038
Part X · Balance sheet $815,654 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $62,262$62,477
X-2 Savings and temporary cash investmentsStart of year $624,101$708,436
X-9 Prepaid expenses and deferred chargesStart of year $11,548$8,835
X-10c Land, buildings and equipment, netStart of year $37,756$35,906
X-16 Total assetsStart of year $735,734$815,654
X-25 Other liabilitiesStart of year $13,463$6,580
X-26 Total liabilitiesStart of year $13,463$6,580
X-27 Net assets without donor restrictionsStart of year $622,731$681,025
X-28 Net assets with donor restrictionsStart of year $99,540$128,049
X-32 Total net assets or fund balancesStart of year $722,271$809,074
X-33 Total liabilities and net assetsStart of year $735,734$815,654
Part XI · Reconciliation of net assets $809,074 net assets at year end
XI-1 Total revenue$1,013,558
XI-2 Total expenses$942,038
XI-3 Revenue less expenses$71,520
XI-4 Net assets at start of year$722,271
XI-8 Prior period adjustments$15,283
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$809,074

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

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