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Nonprofiteer
← FAITH HOPE & CHARITY RECYCLE STORE INC

Form 990 for tax year 2023

Filed by FAITH HOPE & CHARITY RECYCLE STORE INC.

Totals

Total revenue
$1,045,828
Total expenses
$871,363
Contributions and grants received
$1,013,835
Grants paid
$646,768
Program service revenue
$0
Investment income
$14,631
Other revenue
$17,362
Total assets, end of year
$2,051,113
Total liabilities, end of year
$24,361
Net assets or fund balances, end of year
$2,026,752
Program services expenses (Part IX)
$838,428
Management and general expenses
$32,935
Fundraising expenses
$0
Program service expenses (Part III)
$838,428

Program services were 96.2% 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

    $1,013,835

  • 1g · Noncash contributions included above

    $1,003,157

  • 3 · Investment income

    total $14,631 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $985,326

  • 10b · Cost of goods sold

    $968,034

  • 10c · Net income from sales of inventory

    total $17,292 · related or exempt $17,292

  • 11a · Other revenue: OTHER INCOME

    total $70 · related or exempt $70 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $70

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $248,169 · program services $248,169

  • 2 · Grants to domestic individuals

    total $398,599 · program services $398,599

  • 11c · Fees: accounting

    total $5,025 · program services $0 · management and general $5,025 · fundraising $0

  • 12 · Advertising and promotion

    total $5,090 · program services $5,090 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $30,716 · program services $19,777 · management and general $10,939 · fundraising $0

  • 16 · Occupancy

    total $102,845 · program services $92,560 · management and general $10,285 · fundraising $0

  • 17 · Travel

    total $2,030 · program services $2,030 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $47,331 · program services $42,598 · management and general $4,733 · fundraising $0

  • 23 · Insurance

    total $17,246 · program services $15,521 · management and general $1,725 · fundraising $0

  • 24a · Other expenses: SUPPLIES

    total $3,351 · program services $3,351 · management and general $0 · fundraising $0

  • 24b · Other expenses: DUES AND FEES

    total $1,183 · program services $955 · management and general $228 · fundraising $0

  • 24c · Other expenses: VOLUNTEER

    total $9,778 · program services $9,778 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $457,257 · end of year $643,803

  • 2 · Savings and temporary cash investments

    beginning of year $300,324 · end of year $315,000

  • 4 · Accounts receivable

    beginning of year $1,445 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $185,959 · end of year $203,251

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,529 · end of year $3,502

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

    $1,505,575

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

    $620,018

  • 10c · Land, buildings and equipment, net

    beginning of year $924,919 · end of year $885,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,146 · end of year $24,361

  • 27 · Net assets without donor restrictions

    beginning of year $1,851,719 · end of year $2,026,752

  • 28 · Net assets with donor restrictions

    beginning of year $568 · end of year $0

Mission and programs · 2023

Mission

PROVIDE ASSISTANCE TO THE NEEDY AND DISASTER VICTIMS

  • DONATED ITEMS ARE SOLD THROUGH THRIFT STORE, AND FUNDS ARE USED TO PROVIDE ASSISTANCE TO NEEDY INDIVIDUALS, OTHER CHARITABLE ORGANIZATION AND DISASTER VICTIMS. THE ENTIRE ORGANIZATION IS COMPLETELY OPERATED BY VOLUNTEERS.

    Expenses $838,428 · Grants $629,936

As filed on the 2023 return.

Listed in Part VII

  • Joan Compton

    SPECIAL ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • John Mahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marcel Teal

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Purvis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marcia Phillips

    STORE MANAGER

    Total calculated
    $0
    Hours/week
    20

  • Dee Withey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tom Rippy

    BUSINESS MANAGER

    Total calculated
    $0
    Hours/week
    20

  • Mary Kay Newman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marla Tierny

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kim Jordan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dale Bennett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Worley

    CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    20

  • Stacey Graham

    VICE CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    1

  • Joel Taylor

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Kent Sanford

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dan Thompson

    SECRETARY/ASST TREASURER

    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
4 June 2024
IRS schema version
2023v5.1
Source object
202421909349300112

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

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