Storehouse INC

Morris, MN · Public charity (501(c)(3)) · Since 2021 · Food & Agriculture

✓ Tax-deductible Latest data FY2025
Revenue
$38K
▲ +41% vs prior year
Spent
$33K
To programs
73%
Net assets
$178K

Form 990 for the fiscal year ending December 2025 (IRS tax year 2025).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
Not on file
Spent on programs?
73% to programs
Form 990 Part IX, latest filing.
Size and trend
<$100K
↑ +41% vs prior year
Legal name (IRS)Hdr · item CStorehouse INC
EINHdr · item D87-0958186
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2022
Year of formationHdr · item L2021
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMorris, MN
NTEE classificationIRS BMFFood & Agriculture (K12)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$24K
Management & general27%$9K
Total functional expensesLn 25$33K

Financial health

Revenue & expenses by yearFY2021–FY2025
Revenue
$38K
FY2025▲ +41%
Expenses
$33K
FY2025▼ -23%
Program efficiency
73%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
5.0mo
months of highly liquid reserves at operating expense rate▲ +317% vs prior filing year
Surplus margin
+15%
revenue over expenses, this year▲ +127% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total assets
$178K
FY2025▲ +3%
Total liabilities
$0
FY2025
Revenue less expensesPt I · Ln 19$6K
Total assetsPt X · Ln 16$178K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$178K
Total liabilitiesLn 26$0
Total net assetsLn 32$178K
Months of cash on handcomputed5.0

Statement of Revenue

Part VIII
Contributions & grants100%$38K
Total revenueLn 12$38K

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses/yr $33K
5.0 months
Where the money goes
Program services
Program services $24K · Total expenses $33K
73%
Management & General
Management & general $9K · Total expenses $33K
27%
Fundraising
Fundraising $0 · Total expenses $33K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $38K · Total revenue $38K
100%
Government reliance
Government grants — · Total revenue $38K
—
Earned-income share
Program service revenue $0 · Total revenue $38K
0%
Investment reliance
Investment income $0 · Total revenue $38K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $33K
0%
Growth & trend
Revenue growth (YoY)
This year $38K · Prior year $27K
+41%
Revenue CAGR
FY2021 $160K · FY2025 $38K
-30%
Net-asset trend (YoY)
End of year $178K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $38K · Expenses $33K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $178K
—
Net-asset ratio
Net assets $178K · Total assets $178K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $178K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Micah Zeltwanger · Reported title BOARD MEMBER · Highest reported compensation $0 · Total expenses $33K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $33K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 27%——
Revenue growth 41%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Storehouse INC executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Buy food in bulk, repackage it, and give it to groups that feed hungry people.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $24K of program spending, described in the organization's own filed words · FY2025.
01

Acquire food in bulk form and repackage for distribution to food shelves and other organizations who will distribute it to people in need.

$24Kprogram expense

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Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest Viewing $38K$33K+41% 990 PDF
FY2024 $27K$42K-55% 990 PDF
FY2023 $61K$39K-55% 990 PDF
FY2022 $137K$126K-14% 990 PDF
FY2021 $160K$6K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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