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Cleveland Furniture Bank

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562610534 ✦ Middleburg heights, OH ✦ Designated as a 501(c)(3)

Overview

What is Cleveland Furniture Bank?

Cleveland Furniture Bank, located at 13360 SMITH ROAD, Middleburg Heights, OH 44130, is a nonprofit organization dedicated to assisting qualified low-income individuals. They accomplish this by collecting and distributing donated items, including furniture, clothing, appliances, and household goods. The organization operates a large-scale furniture bank and retail store, distributing over 547,000 units of merchandise during fiscal 2023. The primary mission of Cleveland Furniture Bank is to enhance the living conditions of the greater Cleveland community by providing essential household items, thereby contributing positively to their well-being. With a workforce of 37 individuals, the organization continues to serve this community, ensuring that those in need have access to the necessities they require.


Official website here: www.clevelandfurniturebank.org

Is Cleveland Furniture Bank legitimate?

Cleveland Furniture Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cleveland Furniture Bank submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $106,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $827,644

For more financial information, click here


Official website here: www.clevelandfurniturebank.org

What is the mission statement of Cleveland Furniture Bank?

The Cleveland Furniture Bank, as an organization, focuses on providing essential household items, including furnishings, to qualified individuals with low income. They achieve this objective through the operation of a furniture bank and a retail store. The donated items, such as furniture, appliances, and clothing, are distributed to those in need, thereby benefiting the broader community. During fiscal 2023, the bank distributed over half a million dollars' worth of donated merchandise. In essence, the Cleveland Furniture Bank's mission is to enhance the living conditions of individuals in need by distributing donated household items.


Official website here: www.clevelandfurniturebank.org

Who is the CEO of Cleveland Furniture Bank?

Thomas E Gaghan is the Exec Dir of Cleveland Furniture Bank.


Official website here: www.clevelandfurniturebank.org

What is the revenue of Cleveland Furniture Bank?

Cleveland Furniture Bank's revenue in 2023 was $2,394,587.


Official website here: www.clevelandfurniturebank.org

Who are the executives of Cleveland Furniture Bank and what are their salaries?

The average compensation at Cleveland Furniture Bank during 2023 was $25,248. There are 37 employees and 85 volunteers at Cleveland Furniture Bank.

Here are 14 key members and their salaries:

    Thomas E Gaghan (Exec Dir)
  • Compensation: $106,550
  • Related: $0
  • Other: $0

    • Stephanie Canute (Accountant)
  • Compensation: $23,629
  • Related: $0
  • Other: $0

    • Carol Garvey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathan Hunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Kay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John M Klipfell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Diana Leitch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Schuckert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Vidacs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sara Barlett (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle B Creger (President)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joe Gilbert (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Murdock (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.clevelandfurniturebank.org

    Where can I find the form 990 for Cleveland Furniture Bank?

    The Cleveland Furniture Bank’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.clevelandfurniturebank.org

    Learn more at the official website: www.clevelandfurniturebank.org

    Mission Statement of Cleveland Furniture Bank

    Cleveland Furniture Bank, a nonprofit organization, is committed to providing essential household items and furnishings to qualified low-income individuals in the community. Through the operation of a large-scale furniture bank and retail store, the organization collects and distributes donated items such as furniture, clothing, appliances, and various household goods. The primary mission of Cleveland Furniture Bank is to contribute to the well-being of the greater Cleveland community by making these items accessible to those in need. In the fiscal year 2023, the organization distributed over half a million dollars' worth of donated merchandise, demonstrating its significant impact on the lives of the individuals it serves.

    Impact

    This information is meant to be a general summary of Cleveland Furniture Bank. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Cleveland Furniture Bank's impact can be seen in the distribution of 547,974 donated merchandise items to qualified low-income individuals in the Greater Cleveland community. Through their operation of a furniture bank and retail store, they provide furnishings, clothing, appliances, and other household items to those in need. This direct support positively impacts the lives of individuals and families by ensuring they have essential items for their homes.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $11,422
  • Program Service Revenue: $353,029
  • Gross Receipts: $2,394,587

    • Assets and Liabilities:
  • Total Assets: $1,491,791
  • Total Liabilities: $479,363
  • Net Assets: $1,012,428
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DELIVERY CHARGES

    Revenue

    $247,301

    ADMINISTRATIVE FEES

    Revenue

    $105,728

    Organization Details

    Founding Year

    2006

    Principal Officer

    Thomas E Gaghan

    Main Address

    13360 SMITH ROAD, MIDDLEBURG HEIGHTS, OH, 44130

    NTEE Category

    Code: P20 - Human services

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