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Nonprofiteer
← CURE THRIFT INC

Form 990 for tax year 2023

Filed by CURE THRIFT INC.

Totals

Total revenue
$646,036
Total expenses
$621,089
Contributions and grants received
$0
Grants paid
$42,603
Program service revenue
$0
Investment income
$0
Other revenue
$646,036
Total assets, end of year
$263,274
Total liabilities, end of year
$62,276
Net assets or fund balances, end of year
$200,998
Program services expenses (Part IX)
$621,089
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$621,089

Program services were 100.0% 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.

  • 10a · Gross sales of inventory

    $1,373,869

  • 10b · Cost of goods sold

    $727,833

  • 10c · Net income from sales of inventory

    total $646,036 · related or exempt $646,036

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $42,603 · program services $42,603

  • 11c · Fees: accounting

    total $10,374 · program services $10,374

  • 12 · Advertising and promotion

    total $18,541 · program services $18,541

  • 13 · Office expenses

    total $44,032 · program services $44,032

  • 16 · Occupancy

    total $407,427 · program services $407,427

  • 17 · Travel

    total $27,917 · program services $27,917

  • 22 · Depreciation, depletion and amortization

    total $93 · program services $93

  • 23 · Insurance

    total $22,098 · program services $22,098

  • 24a · Other expenses: MEALS

    total $27,834 · program services $27,834

  • 24b · Other expenses: LOCAL TRANSPORTATION

    total $20,170 · program services $20,170

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $248,745 · end of year $228,246

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

    $125,223

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

    $125,195

  • 10c · Land, buildings and equipment, net

    beginning of year $121 · end of year $28

  • 15 · Other assets

    beginning of year $0 · end of year $35,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,815 · end of year $62,276

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $176,051 · end of year $200,998

Mission and programs · 2023

Mission

OUR MISSION IS TO PROVIDE FUNDING TO VARIOUS RESEARCH FACILITIES WHO ARE DEDICATED TO FINDING A CURE FOR TYPE 1 DIABETES.

Activities or mission (Part I)

CURE THRIFT, INC IS A PHILANTHROPIC SECOND-HAND SHOP DEDICATED TO RAISING FUNDS FOR TYPE 1 DIABETES THROUGH THE SALE OF DONATED GOODS AND MERCHANDISE.

  • COST OF MAINTAINING AND OPERATING THRIFT STORE

    Expenses $621,089 · Grants $42,603 · Revenue $646,036

As filed on the 2023 return.

Listed in Part VII

  • MARTIN WOLFF

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • SAMUEL SCHLESINGER

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • ELIZABETH WOLFF

    PRESIDENT

    Total calculated
    $21,538
    From this org
    $21,538
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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
2023
Filed
7 August 2024
IRS schema version
2023v5.1
Source object
202412269349300731

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