EIN 82-5475035

The Idea Store

IRS 501(c) type
501(c)(3)
Num. employees
16
City
Year formed
2018
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Idea Store Creative Reuse Center operates a nonprofit store where community members can donate various material goods such as art and crafts, office supplies, and sewing materials. The organization fosters creativity, education, environmental stewardship, and community through the reuse of these materials. In 2022, the center served approximately 26,000 people with low-cost traditional and nontraditional materials for arts, crafts, education, and other uses. All of the materials were donated by community members and locals.
Also known as...
Idea Store Creative Reuse Center
Total revenues
$272,176
2023
Total expenses
$281,769
2023
Total assets
$57,839
2023
Num. employees
16
2023

Program areas at The Idea Store

The Idea Store Creative Reuse Center served 30,165 paying customers from our community in 2023 by providing low-cost traditional and non-traditional materials for arts, crafts, education, and other uses. All of our materials were donated by community members and local businesses and sold at 10-50% of retail value. Our store accepted 67,726 pounds of materials, or about 33.9 tons, in 2023. These items would have otherwise gone to the landfill. Approximately 45 individuals volunteered numerous hours of their time, and several service groups from the community and the University of Illinois also volunteered at the store during 2023.

Financials for The Idea Store

RevenuesFYE 12/2023
Total grants, contributions, etc.$8,895
Program services$263,091
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$190
Total revenues$272,176

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Data update history
November 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 26, 2024
Updated personnel
Identified 3 new personnel
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 20, 2024
Updated personnel
Identified 5 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsEnvironmental organizationsCharities
Issues
RecyclingEnvironment
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
125 Lincoln Sq
Urbana, IL 61801
Metro area
Champaign-Urbana, IL
County
Champaign County, IL
Website URL
the-idea-store.org/ 
Phone
(217) 352-7878
IRS details
EIN
82-5475035
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C27: Recycling Programs
NAICS code, primary
813312: Environment, Conservation, and Wildlife Organizations
Parent/child status
Independent
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