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Nonprofiteer
← NEARLY NEW THRIFT SHOP OF THE MORSE GERIATRIC CENTER

Form 990 for tax year 2024

Filed by NEARLY NEW THRIFT SHOP OF THE MORSE GERIATRIC CENTER.

Totals

Total revenue
$871,692
Total expenses
$513,302
Contributions and grants received
$835,900
Grants paid
$0
Program service revenue
$0
Investment income
$35,792
Other revenue
$0
Total assets, end of year
$2,693,423
Total liabilities, end of year
$1,080,310
Net assets or fund balances, end of year
$1,613,113
Program services expenses (Part IX)
$414,719
Management and general expenses
$98,583
Fundraising expenses
$0
Program service expenses (Part III)
$414,719

Program services were 80.8% 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

    $835,900

  • 1g · Noncash contributions included above

    $835,900

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $35,792 · excluded $35,792

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 10a · Gross sales of inventory

    $835,900

  • 10b · Cost of goods sold

    $835,900

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $186,831 · program services $186,831

  • 9 · Other employee benefits

    total $5,974 · program services $5,974

  • 10 · Payroll taxes

    total $15,706 · program services $15,706

  • 11a · Fees: management

    total $74,094 · management and general $74,094

  • 11c · Fees: accounting

    total $2,673 · management and general $2,673

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $289 · management and general $289

  • 13 · Office expenses

    total $101,300 · program services $80,493 · management and general $20,807

  • 14 · Information technology

    total $1,560 · program services $1,560

  • 16 · Occupancy

    total $29,539 · program services $29,539

  • 20 · Interest

    total $31,942 · program services $31,942

  • 22 · Depreciation, depletion and amortization

    total $34,246 · program services $34,246

  • 23 · Insurance

    total $28,428 · program services $28,428

  • 24a · Other expenses: RECRUITMENT AND RETENTI

    total $720 · management and general $720

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,231 · end of year $18,581

  • 2 · Savings and temporary cash investments

    beginning of year $1,122 · end of year $975

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,016,974 · end of year $1,032,766

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,993 · end of year $22,174

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

    $1,898,631

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

    $279,704

  • 10c · Land, buildings and equipment, net

    beginning of year $1,607,178 · end of year $1,618,927

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,480 · end of year $44,601

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $723,751 · end of year $695,596

  • 25 · Other liabilities

    beginning of year $308,545 · end of year $340,113

  • 27 · Net assets without donor restrictions

    beginning of year $1,584,722 · end of year $1,613,113

Mission and programs · 2024

Mission

THE ORGANIZATION'S MISSION IS TO RAISE FUNDS FOR RELATED 501(C)(3) ORGANIZATIONS.

  • THIS ORGANIZATION IS A THRIFT STORE THAT RECEIVES USED ITEMS FOR RESALE. THE PROFITS ARE DISTRIBUTED TO OTHER RELATED 501(C)(3) ORGANIZATIONS. THE THRIFT SHOP SERVED APPROXIMATELY 15,712 CUSTOMERS DURING THE FISCAL YEAR.

    Expenses $414,719

As filed on the 2024 return.

Listed in Part VII

  • Carol Crawford

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • David Mack

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Jean Sharf

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Keith Myers

    CEO, PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Randy Wolan

    CFO

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • Terri Sriberg

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • Arthur Loring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 14 related

  • Edward Pantzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joseph Jacob

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Michael Margolis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 6 related

  • Mitchell Rubenstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Penni Weinberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Jaffe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Sanford Sirulnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Stanley Katz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • Stephen Levin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
15 April 2026
IRS schema version
2024v5.1
Source object
202621059349302352

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