Simple Store INC: Nonprofit Profile, Financials & Form 990 (EIN 93-4370291)

Revenue by fiscal year
FY2024	$71K
FY2025	$17K

Expenses by fiscal year
FY2024	$61K
FY2025	$27K

Net assets by fiscal year
FY2024	$10K
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $27K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Samuel Freihofer

President

$0Pt VII · Sec A

Duncan Carroll

Vice President

$0Pt VII · Sec A

Richard Kahan

Secretary Treasurer

$0Pt VII · Sec A

Evan Landon

Board Member

$0Pt VII · Sec A

Tom Ball

Board Member

$0Pt VII · Sec A

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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

Rescues landfill-bound items, selling them affordably to fund community programs.

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Provided by the organization

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1 program · $27K · in their own filed words · FY2025

01

Many truckloads of items were recovered from households around the upper valley and placed for sale in the simple store resulting in higher than expected revenue and several jobs created in our community.

$27Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$17K

Ln 12

Other incomeLn 4–11$17K

Money outPt IX

$27K

Ln 25

Programscol B$27K

Owns and owesPt X

$0

net assets · Ln 32

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$17K

Total revenueLn 12$17K

Assets in detailPt X, end of year

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Total assetsLn 16	$10K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$10K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$14K	$14K
Payroll taxesLn 10	$3K	$3K
InsuranceLn 23	$633	$633
Other expenses (24a–d)Ln 24	$9K	$9K
All other expensesLn 24e	$290	$290
Total functional expensesLn 25	$27K	$27K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$17K	$27K	−$10K	$0	990 PDF
FY2024	$71K	$61K	$10K	$10K	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 $16,981 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$16,981

I-12 Total revenue$16,981

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$17,377

I-16a Professional fundraising fees$0

I-17 Other expenses$9,651

I-18 Total expenses$27,028

I-19 Revenue less expenses−$10,047

Part VI · Governance 6 of 6 board members independent, 2 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members6

VI-13 Written whistleblower 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

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $16,981 across 2 lines filed

Lines not itemized here account for $16,981 of total revenue; see the IRS return.

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $0 · Unrelated business $16,981 · Excluded from tax $0$16,981

Part IX · Statement of functional expenses $27,028 across 5 lines filed

IX-7 Other salaries and wagesPrograms $14,013$14,013

IX-10 Payroll taxesPrograms $3,364$3,364

IX-23 InsurancePrograms $633$633

IX-24 Other expenses (24a–d)Programs $8,728$8,728

IX-24e All other expensesPrograms $290$290

IX-25 Total functional expensesPrograms $27,028 · Management $0 · Fundraising $0$27,028

Part X · Balance sheet $0 assets, 4 lines filed

X-16 Total assetsStart of year $10,047$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $10,047$0

X-33 Total liabilities and net assetsStart of year $10,047$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$16,981

XI-2 Total expenses$27,028

XI-3 Revenue less expenses−$10,047

XI-4 Net assets at start of year$10,047

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

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

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Simple Store INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Simple Store INC

By the numbers

Filing history

Schedules filed Part IV