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Nonprofiteer
← SECOND LIFE THRIFT STORE

Form 990 for tax year 2023

Filed by SECOND LIFE THRIFT STORE.

Totals

Total revenue
$1,276,951
Total expenses
$1,239,929
Contributions and grants received
$85,606
Grants paid
$255,005
Program service revenue
$1,189,714
Investment income
$1,631
Other revenue
$0
Total assets, end of year
$724,587
Total liabilities, end of year
$250,260
Net assets or fund balances, end of year
$474,327
Program services expenses (Part IX)
$1,095,078
Management and general expenses
$144,851
Fundraising expenses
$0
Program service expenses (Part III)
$1,095,078

Program services were 88.3% 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

    $85,606

  • 2a · Program service revenue: SALE OF MERCHANDISE

    total $1,189,714 · related or exempt $1,189,714

  • 3 · Investment income

    total $1,631 · excluded $1,631

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $255,005 · program services $255,005

  • 5 · Compensation of officers, directors and key employees

    total $109,481 · program services $109,481

  • 7 · Other salaries and wages

    total $616,171 · program services $504,779 · management and general $111,392

  • 9 · Other employee benefits

    total $19,510 · program services $18,989 · management and general $521

  • 12 · Advertising and promotion

    total $2,701 · program services $2,701

  • 13 · Office expenses

    total $626 · program services $94 · management and general $532

  • 14 · Information technology

    total $3,791 · program services $3,525 · management and general $266

  • 16 · Occupancy

    total $190,092 · program services $172,090 · management and general $18,002

  • 23 · Insurance

    total $4,294 · program services $3,243 · management and general $1,051

  • 24a · Other expenses: STORE SUPPLIES

    total $13,878 · program services $13,878

  • 24b · Other expenses: PROFESSIONAL FEES

    total $11,093 · management and general $11,093

  • 24c · Other expenses: BANK AND CREDIT CARD FEES

    total $7,351 · program services $7,351

  • 24d · Other expenses: COST OF GOODS SOLD

    total $2,733 · program services $2,733

  • 24e · All other expenses

    total $3,203 · program services $1,209 · management and general $1,994

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,987 · end of year $8,387

  • 2 · Savings and temporary cash investments

    beginning of year $450,387 · end of year $300,130

  • 4 · Accounts receivable

    beginning of year $13,221 · end of year $20,431

  • 8 · Inventories for sale or use

    beginning of year $194,730 · end of year $234,828

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

    $14,025

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

    $14,025

  • 15 · Other assets

    beginning of year $191,770 · end of year $160,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,275 · end of year $28,186

  • 18 · Grants payable

    beginning of year $190,252 · end of year $46,291

  • 25 · Other liabilities

    beginning of year $200,263 · end of year $175,783

  • 27 · Net assets without donor restrictions

    beginning of year $437,305 · end of year $474,327

Mission and programs · 2023

Mission

TO SUPPORT ANIMAL RESCUE GROUPS AND CHARITIES IN THEIR GOALS OF INCREASING ADOPTIONS OF HOMELESS PETS AND REDUCING PET OVERPOPULATION THROUGH SPAY/NEUTER PROGRAMS. THE ORGANIZATION OFFERS A HIGH QUALITY THRIFT SHOPPING EXPERIENCE IN A CLEAN, ORGANIZED RETAIL ENVIRONMENT WITH A FOCUS ON PROVIDING EXCELLENT CUSTOMER SERVICE TO ENCOURAGE REPEAT BUSINESS AND WORD-OF-MOUTH PROMOTION. PROCEEDS FROM THE SALE OF DONATED ITEMS ARE USED TO SUPPORT STORE EXPENSES AND TO ISSUE MONETARY GRANTS TO VARIOUS ANIMAL RESCUES TO SUPPORT THE MISSION OF REDUCING EUTHANASIA OF ADOPTABLE PETS AND FINDING HOMES FOR HOMELESS PETS. MOST GRANT RECIPIENT ORGANIZATIONS ARE EXEMPT UNDER SECTION 501(C)(3) OF THE IRS CODE.

  • THRIFT STORE: SECOND LIFE IS A NONPROFIT ORGANIZATION THAT OPERATES A THRIFT STORE (AND ONLINE STORE) TO SUPPORT ANIMAL WELFARE. PROCEEDS FROM THE SALE OF DONATED MERCHANDISE ARE USED TO PROVIDE GRANTS TO ANIMAL RESCUE CHARITIES, SUPPORTING THEIR EFFORTS TO SAVE LIVES AND REDUCE PET OVERPOPULATION. THIS COMMUNITY-FOCUSED MODEL PROMOTES SUSTAINABILITY, COMMUNITY, PET-EDUCATION, ALL WHILE MAKING A POSITIVE IMPACT ON ANIMAL WELFARE.

    Expenses $801,207 · Revenue $1,189,714

  • ANIMAL RESCUE: SECOND LIFE'S THRIFT STORE OPERATES TO RAISE FUNDS TO PROVIDE GRANTS TO ANIMAL RESCUE GROUPS, COMMUNITY OUTREACH AND SPAY/NEUTER PROGRAMS. THESE GRANTS COVER A RANGE OF NEEDS, INCLUDING ROUTINE VETERINARY CARE, EMERGENCY MEDICAL TREATMENTS, SPAY/NEUTER SURGERIES, TRANSPORTATION, CARE FOR ANIMALS AWAITING ADOPTION, AND EDUCATIONAL OUTREACH. SPAY/NEUTER GRANTS ENABLE ORGANIZATIONS TO ASSIST FAMILIES WHO CANNOT AFFORD THESE PROCEDURES, HELPING TO REDUCE PET OVERPOPULATION. OUR MISSION IS TO GIVE HOMELESS PETS A SECOND CHANCE AT LIFE (AND LOVE).

    Expenses $293,871 · Grants $255,005

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tanya Mahrous

    CEO

    Total calculated
    $58,139
    From this org
    $58,139
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

  • Gerald Tobias Jr

    SECRETARY

    Total calculated
    $51,342
    From this org
    $51,342
    From related orgs
    $0
    Other
    $0
    Hours/week
    42

  • Jill Barnes

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Joyce Adkins

    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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
24 December 2024
IRS schema version
2023v6.0
Source object
202540209349301534

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

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