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Nonprofiteer
← INJOY THRIFT GOLDSBORO INC

Form 990 for tax year 2022

Filed by INJOY THRIFT GOLDSBORO INC.

Totals

Total revenue
$941,704
Total expenses
$942,522
Contributions and grants received
$938,393
Grants paid
$219,698
Program service revenue
$0
Investment income
$0
Other revenue
$3,311
Total assets, end of year
$178,446
Total liabilities, end of year
$8,270
Net assets or fund balances, end of year
$170,176
Program services expenses (Part IX)
$789,490
Management and general expenses
$128,921
Fundraising expenses
$24,111
Program service expenses (Part III)
$789,490

Program services were 83.8% 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

    $938,393

  • 1g · Noncash contributions included above

    $938,393

  • 10a · Gross sales of inventory

    $915,393

  • 10b · Cost of goods sold

    $915,393

  • 11a · Other revenue: SALES TAX REFUND

    total $3,311 · related or exempt $3,311

  • 11e · Other revenue, total

    $3,311

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,698 · program services $219,698

  • 5 · Compensation of officers, directors and key employees

    total $61,560 · program services $20,520 · management and general $20,520 · fundraising $20,520

  • 7 · Other salaries and wages

    total $301,532 · program services $301,532

  • 9 · Other employee benefits

    total $264 · program services $234 · management and general $15 · fundraising $15

  • 10 · Payroll taxes

    total $30,897 · program services $27,405 · management and general $1,746 · fundraising $1,746

  • 11a · Fees: management

    total $89,569 · management and general $89,569

  • 11c · Fees: accounting

    total $4,073 · program services $2,036 · management and general $2,037

  • 12 · Advertising and promotion

    total $3,660 · program services $1,830 · fundraising $1,830

  • 13 · Office expenses

    total $1,161 · program services $580 · management and general $581

  • 14 · Information technology

    total $4,405 · program services $4,405

  • 16 · Occupancy

    total $114,537 · program services $114,537

  • 17 · Travel

    total $19,608 · program services $9,804 · management and general $9,804

  • 22 · Depreciation, depletion and amortization

    total $13,006 · program services $13,006

  • 23 · Insurance

    total $9,297 · program services $4,648 · management and general $4,649

  • 24a · Other expenses: SUPPLIES

    total $36,024 · program services $36,024

  • 24b · Other expenses: VOLUNTEER EXPENSES

    total $15,980 · program services $15,980

  • 24c · Other expenses: BANK FEES

    total $15,558 · program services $15,558

  • 24d · Other expenses: CASUAL LABOR

    total $2,173 · program services $2,173

  • 24e · All other expenses

    total -$480 · program services -$480

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,521 · end of year $114,438

  • 8 · Inventories for sale or use

    beginning of year $23,878 · end of year $46,878

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

    $136,824

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

    $119,869

  • 10c · Land, buildings and equipment, net

    beginning of year $23,463 · end of year $16,955

  • 15 · Other assets

    beginning of year $175 · end of year $175

  • 25 · Other liabilities

    beginning of year $6,043 · end of year $8,270

  • 31 · Retained earnings, endowment or other funds

    beginning of year $170,994 · end of year $170,176

Mission and programs · 2022

Mission

THE ORGANIZATION OPERATES A THRIFT STORE THAT RECEIVES DONATED CLOTHES AND HOUSEHOLD GOODS FOR THE BENEFIT OF LOCAL AND INTERNATIONAL CHRISTIAN MINISTRIES.

  • THE ORGANIZATION OPERATES A THRIFT STORE IN GOLDSBORO, NORTH CAROLINA WHICH RECEIVES, PROCESSES, AND SELLS DONATED GOODS PROVIDED BY DONORS IN WAYNE AND SURROUNDING COUNTIES. THE THRIFT STORE PROVIDES AFFORDABLE CLOTHING AND HOUSEHOLD GOODS TO LOCAL CUSTOMERS WHICH PROVIDES FUNDING TO SUPPORT LOCAL AND INTERNATIONAL CHRISTIAN MINISTRIES.

    Expenses $789,490 · Grants $219,698

As filed on the 2022 return.

Listed in Part VII

  • Tim Morris

    TREASURER

    Total calculated
    $61,560
    From this org
    $61,560
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Raymond Deck

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Keith Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Kincaid

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thayer Stamper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Willoughby

    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
8 May 2023
IRS schema version
2022v5.0
Source object
202341359349306689

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