2024-11-15T10:27:45-06:00 2023-12-31 510229493 BARBACANE THORNTON & COMPANY LLP 503 CARR ROAD SUITE 100 WILMINGTON DE 19809 990 2023-01-01 823855379 TEEN WAREHOUSE INC TEEN 3027649022 1121 THATCHER STREET WILMINGTON DE 19802 LAURA MOOD CHIEF FINANCIAL OFFICER 3027649022 2024-11-15 0 0 STEVEN KUTSUFLAKIS CPA P01563311 3024798940 2023 2024-10-15 13:58:12Z LAURA MOOD 1121 THATCHER STREET WILMINGTON DE 19802 2756870 0 X WWW.TEENWAREHOUSE.ORG X 2017 DE A DYNAMIC SPACE THAT PROVIDES WILMINGTON YOUTH WITH THE TOOLS TO BECOME CONTRIBUTING YOUNG ADULTS. 13 13 178 250 0 0 1712419 2596592 386152 0 339 20778 214667 139500 2313577 2756870 0 0 0 0 1381874 1281666 0 0 65693 872938 1166529 2254812 2448195 58765 308675 9333835 9367362 922784 647636 8411051 8719726 X THE WAREHOUSE IS A DYNAMIC NEW SPACE IN NORTHEAST WILMINGTON DESIGNED FOR TEENS BY TEENS THAT WILL PROVIDE THE CITY'S YOUTH WITH THE TOOLS AND OPPORTUNITIES THEY NEED TO BECOME CONFIDENT, COURAGEOUS, AND CONTRIBUTING YOUNG ADULTS WHO WILL MAKE A POSITIVE DIFFERENCE IN OUR WORLD. THE WAREHOUSE AND ITS NETWORK OF LOCAL YOUTH-SERVING ORGANIZATIONS WORK IN PARTNERSHIP WITH WILMINGTON TEENS TO PROVIDE THEM WITH HIGH QUALITY AND RELEVANT ACADEMIC, EMPLOYMENT AND LIFE EXPERIENCES, TO PREPARE THEM FOR THEIR NEXT STEPS IN LIFE. 0 0 2087508 139500 RECREATION - DANCING, BASKETBALL, TEEN NIGHTS, YOGA AND MORE BUILDS COMMUNITY WHILE PROMOTING PHYSICAL WELL - BEING. EDUCATION - WITH COLLEGE AND CAREEERS ON THE HORIZON, THE WAREHOUSE PROVIDES TUTRING, CONSELING, MENTORING AND OTHER TOOLS TO PREPARE TEENS FOR THEIR NEXT LIFE STEPS. ARTS - AS CREATIVITY ABOUNDS IN TEENS, THE WAREHOUSE PROVIDES DIVERSE OUTLETS FOR EXPRESSION THROUGH VISUAL, PERFORMING AND ELECTRONIC ARTS. CAREERS - GREAT JOBS REQUIRE GREAT JOB SKILLS. FROM RESUME WRITING AND INTERVIEWING SKILLS TO HANDS ON JOB TRAINING, TEENS GAIN THE SKILLS THEY NEED FOR THE JOBS THEY WANT.HEALTH - TOGETHER WITH ITS PARTNERS, THE WAREHOUSE PROVIDES A FULLRANGE OF PHYSICAL, BEHAVIORAL AND MENTAL HEALTH SERVICES TEENS NEED TOTHRIVE. 2087508 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 103 0 178 1 0 0 0 0 0 0 0 0 0 0 X 13 13 1 0 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X THE ORGANIZATION 3027649022 1121 THATCHER STREET WILMINGTON DE 19802 ANAYA PATTERSON CO - CHAIR 2.00 X X 0 0 0 SHERRY DORSEY WALKER CO - CHAIR 2.00 X X 0 0 0 MATTHEW TWYMAN MEMBER 2.00 X 0 0 0 ALEXIS DREW MEMBER 2.00 X 0 0 0 MICHAEL COLEMAN MEMBER 2.00 X 0 0 0 STEPHANIE T BOLDEN MEMBER 2.00 X 0 0 0 MARKEVIS GIDEON MEMBER 2.00 X 0 0 0 PAUL HERDMAN MEMBER 2.00 X 0 0 0 JESSICA GIBSON BROKENBAUGH MEMBER 2.00 X 0 0 0 ANDREA VALENTINE MEMBER 2.00 X 0 0 0 SANDEE DREW MEMBER 2.00 X 0 0 0 BRIANNE JORDAN MEMBER 2.00 X 0 0 0 TYRONE JONES MEMBER 2.00 X 0 0 0 LOGAN HERRING CHIEF EXECUTIVE OFFICER 10.00 X 60781 0 0 KENYETTA MCCURDY - BYRD CHIEF OPERATING OFFICER 10.00 X 45201 0 0 DAVID FORD CHIEF COMMUNITY INVESTMEN 10.00 X 40294 0 0 LAURA MOOD CHIEF FINANCIAL OFFICER 10.00 X 39815 0 0 186091 0 0 0 0 0 0 0 338505 2258087 2596592 20778 20778 139500 0 139500 139500 139500 2756870 139500 0 20778 186091 158177 18609 9305 893639 759593 89364 44682 13718 11660 1372 686 133457 113438 13346 6673 54761 46547 5476 2738 96 96 50167 36626 13541 90658 86126 4532 647 388 194 65 12640 12640 277576 263697 13879 12482 9986 2496 CONTRACTED SERVICES 579223 492340 86883 REPAIRS AND MAINTENANCE 94936 90189 4747 ADMINSTRATIVE EXPENSES 29526 6494 23032 SUPPLIES 15433 9259 4630 1544 3145 2988 157 2448195 2087508 294994 65693 2402225 2220543 255000 0 220862 212126 7990790 1056097 6447347 6934693 8401 0 9333835 9367362 359123 77365 16350 16350 531059 517475 16252 36446 922784 647636 X 7756651 8295326 654400 424400 8411051 8719726 9333835 9367362 308675 0 X X 0 1 X 1 0 X 1351797 1157739 3620230 1712419 2596592 10438777 1351797 1157739 3620230 1712419 2596592 10438777 10438777 675 1059 212 339 20778 23063 10461840 0.99780 0.99970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 437811 437811 6857814 6857814 498283 498283 196882 1056097 -859215 6934693 DUE TO RELATED PARTY 36446 36446 X 2756870 0 2756870 0 2756870 2448195 0 2448195 0 2448195 PART X, LINE 2: GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE WAREHOUSE BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. FORM 990, PART VI, SECTION A, LINE 2 ALEXIS DREW AND SANDEE DREW HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS HAVE THE POWER TO ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COPY OF FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD OF DIRECTORS FOR REVIEW. THE BOARD OF DIRECTORS MAY COMMENT ON ANY PROPOSED CHANGES OR SUGGESTIONS TO MANAGEMENT. A FORMAL BOARD ACTION IS PERFORMED ANNUALLY TO APPROVE FORM 990. FORM 990, PART VI, SECTION B, LINE 12 EACH BOARD MEMBER IS REQUIRED TO PROVIDE AN ANNUAL DISLCOSURE DOCUMENTING ANY REAL OR POTENTIAL CONFLICTS OF INTEREST. DURING BOARD MEETINGS, BOARD MEMBERS SHALL DISCLOSE ANY CONFLICT OF INTEREST INVOLVING AN ISSUE BEFORE THE BOARD. WHILE THEY MAY PARTICIPATE IN THE DISCUSSION OF THE ISSUE, THEY MAY NOT VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A SHARED SERVICES AGREEMENT ("SSA") WITH KINGSWOOD COMMUNITY CENTER ("KINGSWOOD") AND REACH RIVERSIDE DEVELOPMENT CORPORATION ("REACH RIVERSIDE"), UNRELATED TAX EXEMPT ORGANIZATIONS, WHO ARE COLLABORATING WITH THE ORGANIZATION ON A HOLISTIC NEIGHORHOOD REVITALIZATION INITIATIVE. PURSUANT TO THE SSA REACH RIVERSIDE HAS HIRED A TEAM OF EMPLOYEES WHO PROVIDE ALL THE MANAGEMENT LEADERSHIP AS WELL AS ADMINISTRATIVE AND ADVISORY SUPPORT FOR ALL THREE ORGANIZATIONS. THE COMPENSATION AND OTHER AMOUNTS AND HOURS REPORTED HEREIN REFLECT ONLY THE ORGANIZATION'S SHARE OF THESE COSTS AND IS APPROVED ANNUALLY IN EACH ORGANIZATION'S BUDGET PROCESS. COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER, CHIEF OPERATING OFFICER, CHIEF COMMUNITY INVESTMENT OFFICER AND CHIEF FINANCIAL OFFICER IS SET BY THE BOARD ANNUALLY BASED ON COMPARABLE MARKET COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST PART XII LINE 2C THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED WITH THE AUDIT COMMITTEE BEFORE THEY ARE FINALIZED.