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Nonprofit · EIN 26-2607677

FURNITURE TRUST ORGANIZATION INC

Also known as FURNITURE TRUST

Tax-exempt · ARLINGTON, MA 02474

Financials

$8.2M$7.7M2023$5.3M$5.3M2024
Revenue Expenses · by fiscal year end
Financials of FURNITURE TRUST ORGANIZATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$5,281,597$5,291,222-$9,625$982,265$88,173$894,092
December 31, 2023990$8,240,282$7,724,742$515,540$1,408,159$408,162$999,997
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,894,387
Program service revenue
$844,492
Investment income
$18,009
Net gain from sales of assets
$24
Other revenue
$524,709

Expenses

Grants and similar amounts paid
$3,769,387
Compensation of officers, directors and key employees
$233,500
Other salaries and wages
$96,956
Salaries, compensation and benefits (total)
$372,110
Professional fundraising fees
$0
Legal fees
$3,924
Accounting fees
$11,679
Occupancy
$16,398
Travel
$5,204
Program services (functional)
$5,072,866
Management and general (functional)
$201,955
Fundraising (functional)
$16,401

Balance sheet and other

Total assets, start of year
$1,408,159
Total assets, end of year
$982,265
Total liabilities, end of year
$88,173
Net assets, end of year
$894,092
Publicly traded securities
$725,461
Net assets without donor restrictions
$894,092
Gross receipts
$5,623,423
Employees
7
Volunteers
0
Year formed
2008
State of legal domicile
MA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DANA DEVEAUEXECUTIVE DIRECTOR
Officer
40$115,016$7,348
MARIBETH GERAGHTYFINANCE MANAGER
Officer
32$42,470$21,737
JOHN RILEYCLERK/EMPLOYEE
Trustee or director
30$46,110$819
STEVE FOXPRESIDENT
Trustee or director, Officer
5$0$0
JOHN HITTTREASURER
Trustee or director, Officer
3$0$0
CHRISTINE MOSHOLDERDIRECTOR
Trustee or director
5$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
DANA DEVEAUEXECUTIVE DIRECTOR
Officer
40$110,586
MARIBETH GERAGHTYFINANCE MANAGER
Officer
32$44,400
STEVE FOXPRESIDENT
Trustee or director, Officer
5$0
JOHN HITTTREASURER
Trustee or director, Officer
3$0
JOHN RILEYCLERK
Trustee or director, Officer
1$0
CHRISTINE MOSHOLDERDIRECTOR
Trustee or director
5$0
BRENDA BOISSONNAULTDIRECTOR (THROUGH JULY 2023)
Trustee or director
1$0

Address and contacts

Address (IRS master file)
54 MYSTIC ST, ARLINGTON, MA 02474-1153
Principal officer (990 for 2024)
STEPHEN FOX, 54 MYSTIC STREET, ARLINGTON, MA 02474
Signed the 990
STEPHEN FOX, PRESIDENT
Phone
(844) 843-8787
Return prepared by
GRASSI & CO CPA'S PC

Mission

THE FURNITURE TRUST IS DRIVEN TO MAKE POSITIVE, COMMUNITY IMPACT WITH USED OFFICE FURNISHINGS, WHILE PROVIDING THE MOST ECONOMICAL AND ENVIRONMENTALLY RESPONSIBLE SOLUTIONS TO SMALL BUSINESSES, WE PROVIDE COMPANIES OF ALL SIZES WITH A PROVEN PROCESS FOR DECOMMISSIONING THAT MAXIMIZES THE VALUE OF UNWANTED FURNITURE ASSETS. LEVERAGING OUR SUSTAINABLE NETWORK, THE FURNITURE TRUST CONNECTS DONATED, OFFICE FURNISHINGS WITH LOCAL SCHOOLS AND NONPROFITS.

990 for the year ended December 31, 2024

Program accomplishments

  • TO PARTNER WITH CORPORATIONS THROUGH COOPERATIVE AGREEMENTS TO DISMANTLE & TRANSPORT UNWANTED USED OFFICE FURNITURE TO EITHER OTHER NONPROFIT ORGANIZATIONS, SELL TO INDIVIDUALS OR CORPORATIONS, OR SALVAGE THE RAW MATERIALS THROUGH ENVIRONMENTALLY FRIENDLY RECYCLING PROCEDURES.
    Expenses $5,072,866 · grants $3,769,387 · revenue $1,369,201

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-2607677
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C27)
Assets (IRS master file)
$982,265
Income (IRS master file)
$5,623,423

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$5,281,597$5,291,222$982,265XML
990December 2023$8,240,282$7,724,742$1,408,159XML
990December 2022$5,812,519$5,758,876$838,783IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2607677).

Questions about FURNITURE TRUST ORGANIZATION INC

What is the EIN of FURNITURE TRUST ORGANIZATION INC?
The employer identification number (EIN) of FURNITURE TRUST ORGANIZATION INC is 26-2607677.
Is FURNITURE TRUST ORGANIZATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to FURNITURE TRUST ORGANIZATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FURNITURE TRUST ORGANIZATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of FURNITURE TRUST ORGANIZATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FURNITURE TRUST ORGANIZATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FURNITURE TRUST ORGANIZATION INC?
The 990 for the year ended December 31, 2024 names STEPHEN FOX.
Who are the officers and directors of FURNITURE TRUST ORGANIZATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 3 received compensation from the organization, the highest $115,016 (DANA DEVEAU, EXECUTIVE DIRECTOR).
How much revenue does FURNITURE TRUST ORGANIZATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $5,281,597, expenses of $5,291,222 and total assets of $982,265 at year end.

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