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Nonprofiteer
← NEW LIFE THRIFT STORE

Form 990 for tax year 2022

Filed by NEW LIFE THRIFT STORE.

Totals

Total revenue
$378,186
Total expenses
$340,933
Contributions and grants received
$389,150
Grants paid
$147,160
Program service revenue
$0
Investment income
$23
Other revenue
-$10,987
Total assets, end of year
$882,733
Total liabilities, end of year
$8,354
Net assets or fund balances, end of year
$874,379
Program services expenses (Part IX)
$332,712
Management and general expenses
$8,221
Fundraising expenses
$0
Program service expenses (Part III)
$332,712

Program services were 97.6% 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

    $389,150

  • 1g · Noncash contributions included above

    $380,000

  • 3 · Investment income

    total $23 · excluded $23

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $389,123

  • 10b · Cost of goods sold

    $400,110

  • 10c · Net income from sales of inventory

    total -$10,987

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $147,160 · program services $147,160

  • 7 · Other salaries and wages

    total $105,212 · program services $105,212

  • 10 · Payroll taxes

    total $8,049 · program services $8,049

  • 11c · Fees: accounting

    total $1,620 · management and general $1,620

  • 12 · Advertising and promotion

    total $860 · program services $860

  • 13 · Office expenses

    total $8,493 · program services $3,804 · management and general $4,689

  • 16 · Occupancy

    total $36,337 · program services $34,425 · management and general $1,912

  • 17 · Travel

    total $3,430 · program services $3,430

  • 22 · Depreciation, depletion and amortization

    total $25,932 · program services $25,932

  • 23 · Insurance

    total $2,327 · program services $2,327

  • 24e · All other expenses

    total $1,513 · program services $1,513

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $128,530 · end of year $168,046

  • 8 · Inventories for sale or use

    beginning of year $37,941 · end of year $37,941

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,626 · end of year $3,368

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

    $1,068,740

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

    $395,362

  • 10c · Land, buildings and equipment, net

    beginning of year $681,410 · end of year $673,378

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,381 · end of year $8,354

  • 27 · Net assets without donor restrictions

    beginning of year $837,126 · end of year $874,379

Mission and programs · 2022

Mission

THE PROCEEDS OF SALES FROM DONATED GOODS ARE USED TO ASSIST AREA PRIVATE SCHOOLS IN STAFF DEVELOPMENT, TUITION ASSISTANCE, NEW PROGRAMS AND TECHNOLOGY

Activities or mission (Part I)

SALES PROCEEDS FROM DONATED GOODS HELP LOWER TUITION AT THE SOUTH SUBURBAN CHRISTIAN SCHOOLS

  • WE EXIST TO USE OUR SALES PROCEEDS TO EASE THE TUITION BURDEN FOR ALL FAMILIES WHO DESIRE A CHRISTIAN EDUCATION FOR THEIR CHILDREN AT OUR SCHOOLS. THE MONIES AWARDED WERE USED TO DIRECTLY REDUCE EXPENSES OR BE DISBURSED TO FAMILIES WHO QUALIFY FOR EXTRA ASSISTANCE.

    Expenses $332,712 · Grants $147,160

As filed on the 2022 return.

Listed in Part VII

  • Maelia J Post

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • James Heyboer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jerry Tebos

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nicole Scott

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Leo Vanderhorst

    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
2022
Filed
22 February 2024
IRS schema version
2022v5.0
Source object
202430539349301218

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