The Warehouse
Legal name: Teen Warehouse Inc
Nonprofit profile at a glance
- EIN
- 823855379
- IRS 990 coverage
- 2018–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-N 2017
- Location
- Wilmington, DE, US
- Phone
- 302-232-6610
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Development Programs
Reported finances
- Revenue
- $1,846,145
- Expenses
- $2,975,738
- Assets
- $8,356,438
- Liabilities
- $759,434
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- LOGAN HERRING (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- LOGAN HERRING (CHIEF EXECUTIVE OFFICER): $59,482 total reported compensation
- KENYETTA MCCURDY - BYRD (CHIEF OPERATING OFFICER): $40,979 total reported compensation
- DAVID FORD (CHIEF COMMUNITY INVESTMEN): $36,817 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Warehouse is Wilmington's free teen center where young people ages 13–19 explore their interests, build leadership skills, and create opportunities alongside mentors and a community that believes in them.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 72% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 34
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: $28.27 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -61.2%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 2.81; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 44; 44th percentile among comparable filings
- Officer compensation ratio: 5.8%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 30.8% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: -8.5% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 7.9% per year; rating input score 100; 51st percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 85.9% of spending went to programs
- Governance: 12 of 12 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $59K · 16 people listed
- Highest-paid contractors: 2 contractors listed · $249K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 44/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.