2025-11-17T17:34:58-06:00 2024-12-31 GRASSI & CO CPA'S PC 6 OMNI WAY SUITE 201 CHELMSFORD MA 01824 990 2024-01-01 262607677 THE FURNITURE TRUST ORGANIZATION INC FURN 8448438787 54 MYSTIC STREET ARLINGTON MA 02474 STEPHEN FOX PRESIDENT 8448438787 2025-11-17 1 1 BRENDAN E TOOLIN P01323447 9784522500 2025-11-17 2024 2025-03-06 01:10:19Z STEPHEN FOX 54 MYSTIC STREET ARLINGTON MA 02474 5623423 0 X THEFURNITURETRUST.ORG X 2008 MA ENVIRONMENTALLY FRIENDLY OFFICE FURNITURE DISPOSTION - EDUCATE CORPORATIONS AND INSTITUTIONS ABOUT THE BENEFITS OF RECYCLING UNWANTED OFFICE FURNITURE, RATHER THAN THROWING IT IN A LANDFILL. THE TRUST RECYCLES USED OFFICE FURNITURE (GIFTS IN-KIND) BY DONATING SOME TO APPROXIMATELY 30 OTHER NONPROFIT ORGANIZATIONS, BY SELLING SOME, ALLOWING OTHER CORPORATIONS TO RE-USE THE UNWANTED OFFICE FURNITURE AND RECYCLING ANY REMAINING UNWANTED OFFICE FURNITURE FOR SCRAP VALUE. 4 4 7 0 0 0 5712555 3894387 2522685 844492 785 18009 4257 524709 8240282 5281597 5444805 3769387 0 0 332051 372110 0 0 16401 1947886 1149725 7724742 5291222 515540 -9625 1408159 982265 408162 88173 999997 894092 X 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. 0 0 5072866 3769387 1369201 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. 5072866 1 1 0 0 0 0 0 0 0 0 0 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 1 0 0 0 0 0 0 0 0 1 6 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X DANA DEVEAU 8448438787 54 MYSTIC STREET ARLINGTON MA 02474 STEVE FOX PRESIDENT 5.00 X X 0 0 0 JOHN HITT TREASURER 3.00 X X 0 0 0 JOHN RILEY CLERK/EMPLOYEE 30.00 X 46110 0 819 CHRISTINE MOSHOLDER DIRECTOR 5.00 X 0 0 0 DANA DEVEAU EXECUTIVE DIRECTOR 40.00 X 115016 0 7348 MARIBETH GERAGHTY FINANCE MANAGER 32.00 X 42470 0 21737 203596 0 29904 1 0 0 0 PINNACLE 1 CORPORATE PLACE 55 FERNCROFT ROA DANVERS MA 01923 REMOVAL SERVICES 710024 1 3894387 3769387 3894387 FURNITURE REMOVAL 900099 844492 844492 844492 17985 17985 341850 341826 24 24 24 SALE OF PRODUCT 900099 522425 522425 MISCELLANEOUS 900099 1436 1436 SCRAP METAL 900099 848 848 524709 5281597 1369201 0 18009 X 3769387 3769387 233500 118606 102658 12236 96956 95386 735 835 17861 6847 9720 1294 23793 16171 6638 984 3924 3924 11679 11679 1069515 1043523 25992 16074 3984 11805 285 23154 23154 16398 11794 3837 767 5204 5204 3777 1964 1813 5291222 5072866 201955 16401 841280 221921 126143 97399 286671 16981 3064 3122 26694 725461 26908 14780 1408159 982265 381304 54912 26858 33261 408162 88173 X 866194 894092 133803 0 999997 894092 1408159 982265 -9625 839 -97119 0 X 0 1 X 1 0 X 2520539 5929000 4398161 5712555 3894387 22454642 2520539 5929000 4398161 5712555 3894387 22454642 9550469 12904173 20 20 3113 785 17985 21923 22476565 0.57410 0.61390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYROLL LIABILITIES 18181 OPERATING LEASE RIGHT-OF-USE LIABILITY 15080 33261 X 5282436 839 839 5281597 0 5281597 5291222 0 5291222 0 5291222 PART X, LINE 2: THE ORGANIZATION'S ACTIVITIES ARE DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND ACCORDINGLY, ITS INCOME IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES. MANAGEMENT HAS EVALUATED ALL INCOME TAX POSITIONS AND CONCLUDED THAT NO DISCLOSURES RELATING TO UNCERTAIN POSITIONS ARE REQUIRED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES FEDERAL FORM 990 ANNUALLY AND ALSO FILES AN ANNUAL REPORT IN THE STATE OF MASSACHUSETTS. THE STATUTE OF LIMITATIONS FOR THESE JURISDICTIONS IS GENERALLY THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX RETURNS SINCE 2020 REMAIN OPEN. X USED OFFICE FURNITURE 55 3769387 COMPARABLE ITEMS 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS IN PART I, COLUMN (B). FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS FOR DISCUSSION AND APPROVAL BEFORE IT IS FILED WITH THE IRS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST QUESTIONNAIRES ARE DISTRIBUTED ANNUALLY AND MUST BE SIGNED BY BOARD MEMBERS TO ENSURE THAT NO CONFLICTS OF INTEREST HAVE OCCURRED DURING THE YEAR. BOARD MEMBERS MUST ABSTAIN FROM TAKING PART IN ANY APPROVAL OF ACTIVITIES IN WHICH THERE IS A POTENTIAL CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DOES AN ANNUAL REVIEW OF ALL EMPLOYEE COMPENSATION BASED ON AVAILABLE DATA AND EMPLOYEE PERFORMANCE REVIEWS. THE BOARD DISCUSSES COMPENSATION INCREASES AND VOTES TO APPROVE OR DISAPPROVE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ON THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE WEBSITE FOR PUBLIC INSPECTION. FORM 990, PART IX, LINE 11G REMOVAL INVENTORY FROM CUSTOMER FEES: PROGRAM SERVICE EXPENSES 1,035,972. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,035,972. NONPROFIT DELIVERY FEES: PROGRAM SERVICE EXPENSES 7,551. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,551. GRAPHIC AND DESIGN/MARKETING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,533. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,533. PRINTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 505. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 505. CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 13,420. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,420. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,534. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,534.