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← THRIFT ALLIANCE

Form 990 for tax year 2024

Filed by THRIFT ALLIANCE.

Totals

Total revenue
$9,826,152
Total expenses
$9,848,229
Contributions and grants received
$5,774,412
Grants paid
$240,000
Program service revenue
$3,942,246
Investment income
$86
Other revenue
$109,408
Total assets, end of year
$5,867,212
Total liabilities, end of year
$4,989,404
Net assets or fund balances, end of year
$877,808
Program services expenses (Part IX)
$9,165,254
Management and general expenses
$682,975
Fundraising expenses
$0
Program service expenses (Part III)
$9,165,254

Program services were 93.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,774,412

  • 1g · Noncash contributions included above

    $5,734,337

  • 2a · Program service revenue: THRIFT STORE SALES

    total $3,942,246 · related or exempt $3,942,246

  • 3 · Investment income

    total $86 · related or exempt $86

  • 11a · Other revenue: RECYCLING REVENUE

    total $109,408 · excluded $109,408

  • 11e · Other revenue, total

    $109,408

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $240,000 · program services $240,000

  • 5 · Compensation of officers, directors and key employees

    total $98,029 · program services $83,325 · management and general $14,704

  • 7 · Other salaries and wages

    total $1,867,536 · program services $1,506,569 · management and general $360,967

  • 9 · Other employee benefits

    total $76,211 · program services $61,645 · management and general $14,566

  • 10 · Payroll taxes

    total $143,060 · program services $115,718 · management and general $27,342

  • 11c · Fees: accounting

    total $34,873 · management and general $34,873

  • 12 · Advertising and promotion

    total $94,360 · program services $94,360

  • 13 · Office expenses

    total $40,142 · program services $24,510 · management and general $15,632

  • 14 · Information technology

    total $67,480 · program services $33,740 · management and general $33,740

  • 16 · Occupancy

    total $617,275 · program services $617,275

  • 17 · Travel

    total $2,607 · management and general $2,607

  • 20 · Interest

    total $15,850 · management and general $15,850

  • 22 · Depreciation, depletion and amortization

    total $58,060 · program services $52,254 · management and general $5,806

  • 23 · Insurance

    total $35,851 · program services $25,185 · management and general $10,666

  • 24a · Other expenses: COST OF GOODS

    total $5,584,824 · program services $5,584,824

  • 24b · Other expenses: START-UP EXPENSE

    total $362,585 · program services $326,327 · management and general $36,258

  • 24c · Other expenses: RETAIL OPERATIONS

    total $358,706 · program services $358,706

  • 24d · Other expenses: MANAGEMENT FEES

    total $101,283 · management and general $101,283

  • 24e · All other expenses

    total $49,497 · program services $40,816 · management and general $8,681

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $429,829 · end of year $725,749

  • 8 · Inventories for sale or use

    beginning of year $350,849 · end of year $577,592

  • 10a · Land, buildings and equipment: cost or other basis

    $1,037,311

  • 10b · Land, buildings and equipment: accumulated depreciation

    $504,386

  • 10c · Land, buildings and equipment, net

    beginning of year $368,592 · end of year $532,925

  • 14 · Intangible assets

    beginning of year $1,001 · end of year $668

  • 15 · Other assets

    beginning of year $1,049,713 · end of year $4,030,278

  • 17 · Accounts payable and accrued expenses

    beginning of year $162,656 · end of year $742,480

  • 23 · Secured mortgages and notes payable

    beginning of year $189,764 · end of year $700,901

  • 25 · Other liabilities

    beginning of year $947,679 · end of year $3,546,023

  • 27 · Net assets without donor restrictions

    beginning of year $899,885 · end of year $877,808

Mission and programs · 2024

Mission

OUR MISSION IS TO PROVIDE VALUE TO CUSTOMERS, OPPORTUNITY FOR EMPLOYEES, AND BENEFITS FOR CHARITIES BY OPERATING THE BEST THRIFT STORES IN THE WORLD AND PROMOTING THRIFTY LIVING-ALL FOR GOD'S GLORY.

  • THE ORGANIZATION SELLS DONATED AND PURCHASED MERCHANDISE TO SUPPORT VARIOUS MISSIONS. THE FOUNDERS ADOPTED A VISION FOCUSED ON "BUSINESS AS A MISSION." FUNDS PROVIDED BY THE ORGANIZATION SEND MEDICINE, BOOKS, EDUCATIONAL MATERIALS, CLOTHING, ETC. TO SUPPORTED MISSIONS. ADDITIONAL OBJECTIVES INCLUDE PROVIDING JOBS AND SKILL DEVELOPMENT TO RESIDENTS OF LOWER-TO- MIDDLE INCOME INDIVIDULS, AND PROVIDING GOOD QUALITY CONSUMER GOODS TO THE PUBLIC.

    Expenses $9,165,254 · Grants $240,000 · Revenue $3,942,246

As filed on the 2024 return.

Listed in Part VII

  • Eric Taft

    OPERATIONS M

    Total calculated
    $122,602
    From this org
    $107,473
    From related orgs
    $0
    Other
    $15,129
    Hours/week
    40

  • Richard Gygi

    EXECUTIVE DI

    Total calculated
    $89,229
    From this org
    $89,229
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Emily Blackledge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ed Freeman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Pack

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Parker Page

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Siler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
15 December 2025
IRS schema version
2024v5.0
Source object
202610149349301016

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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