New Life Furniture Bank
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
New Life Furniture Bank meets the 20 Standards for Charity Accountability.
Marketplace Complaints
Number of Complaints processed by BBB in the past 36 months: 1
Problems with Product/Service issue
The organization addressed the complaint issues brought to its attention: 1
The organization did not address the complaint issues brought to its attention: 0
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Marketplace complaints involved consumers addressing service issues relative to this organization’s program services. BBB has received no complaints regarding this organization’s charitable solicitations.Stated Purpose:
New Life Furniture Bank collects gently used furniture and delivers it to neighbors in need.
Year, State Incorporated:
2008, OH
Also Known As:
New Life Furniture, Inc.
We supply household items and furniture for people leaving homelessness, abuse & extreme poverty.
For the year ended December 31, 2022, New Life Furniture Bank's program expenses were:
| Program services | $1,919,272 |
| Total Program Expenses | $1,919,272 |
Chief Executive
Dana Saxton, Executive Director
Chair of the Board
Mr. Don Lane, Board President
Chair's Profession / Business Affiliation
Droder & Miller Co
Board Size
15
Paid Staff Size
26
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Radio, Grant proposals, Internet, Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on New Life Furniture Bank's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Program income | $965,474 |
| Thrift store sales | $450,572 |
| Grant income | $419,000 |
| Donations | $309,236 |
| Other income | $12,064 |
| Fundraising income | $1,265 |
| Investment income | $1,108 |
| Total Income | $2,158,719 |
Programs: 90% Fundraising: 5% Administrative: 5%
| Total Income | $2,158,719 |
| Total expenses: | $2,122,170 |
| Program expenses | $1,919,272 |
| Fundraising expenses | $103,141 |
| Administrative expenses | $99,757 |
| Other expenses | $0 |
| Income in Excess of Expenses | $36,549 |
| Beginning Net Assets | $744,200 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $780,749 |
| Total Liabilities | $446,930 |
| Total Assets | $3,257,278 |
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Cincinnati