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← THRIFT ALLIANCE

Form 990 for tax year 2023

Filed by THRIFT ALLIANCE.

Totals

Total revenue
$7,967,314
Total expenses
$7,913,391
Contributions and grants received
$4,601,586
Grants paid
$490,000
Program service revenue
$3,233,984
Investment income
$87
Other revenue
$131,657
Total assets, end of year
$2,199,984
Total liabilities, end of year
$1,300,099
Net assets or fund balances, end of year
$899,885
Program services expenses (Part IX)
$7,545,398
Management and general expenses
$367,993
Fundraising expenses
$0
Program service expenses (Part III)
$7,545,398

Program services were 95.3% 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

    $4,601,586

  • 1g · Noncash contributions included above

    $4,600,160

  • 2a · Program service revenue: THRIFT STORE SALES

    total $3,233,984 · related or exempt $3,233,984

  • 3 · Investment income

    total $87 · related or exempt $87

  • 11a · Other revenue: RECYCLING REVENUE

    total $131,657 · excluded $131,657

  • 11e · Other revenue, total

    $131,657

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $490,000 · program services $490,000

  • 5 · Compensation of officers, directors and key employees

    total $83,258 · program services $70,769 · management and general $12,489

  • 7 · Other salaries and wages

    total $1,459,900 · program services $1,243,545 · management and general $216,355

  • 9 · Other employee benefits

    total $63,989 · program services $54,500 · management and general $9,489

  • 10 · Payroll taxes

    total $117,712 · program services $100,256 · management and general $17,456

  • 11b · Fees: legal

    total $30 · management and general $30

  • 11c · Fees: accounting

    total $22,945 · management and general $22,945

  • 12 · Advertising and promotion

    total $77,312 · program services $77,312

  • 13 · Office expenses

    total $31,265 · program services $31,265

  • 14 · Information technology

    total $45,468 · program services $45,468

  • 16 · Occupancy

    total $371,876 · program services $371,876

  • 17 · Travel

    total $838 · management and general $838

  • 20 · Interest

    total $9,667 · program services $9,667

  • 22 · Depreciation, depletion and amortization

    total $49,021 · program services $49,021

  • 23 · Insurance

    total $35,554 · program services $35,554

  • 24a · Other expenses: COST OF GOODS

    total $4,676,285 · program services $4,676,285

  • 24b · Other expenses: RETAIL OPERATIONS

    total $253,058 · program services $253,058

  • 24c · Other expenses: MANAGEMENT FEES

    total $84,141 · management and general $84,141

  • 24d · Other expenses: PAYROLL ADMINISTRATION

    total $28,656 · program services $24,406 · management and general $4,250

  • 24e · All other expenses

    total $12,416 · program services $12,416

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $436,555 · end of year $429,829

  • 4 · Accounts receivable

    beginning of year $2,098

  • 8 · Inventories for sale or use

    end of year $350,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,706

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

    $815,252

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

    $446,660

  • 10c · Land, buildings and equipment, net

    beginning of year $368,836 · end of year $368,592

  • 14 · Intangible assets

    beginning of year $1,334 · end of year $1,001

  • 15 · Other assets

    beginning of year $12,500 · end of year $1,049,713

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,364 · end of year $162,656

  • 23 · Secured mortgages and notes payable

    beginning of year $189,764 · end of year $189,764

  • 25 · Other liabilities

    end of year $947,679

  • 27 · Net assets without donor restrictions

    beginning of year $471,901 · end of year $899,885

Mission and programs · 2023

Mission

OUR MISSION IS TO PROVIDE VALUE TO CUSTOMERS, OPPORTUNITY FOR EMPLOYEES, AND BENEFITS FOR CHARITIES BY OPERATING THE BEST THRIFT STORES IN THE WORLD AND PROMOTING THRIFTY LIVING-ALL FOR GOD'S GLORY.

  • THE ORGANIZATION SELLS DONATED AND PURCHASED MERCHANDISE TO SUPPORT VARIOUS MISSIONS. THE FOUNDERS ADOPTED A VISION FOCUSED ON "BUSINESS AS A MISSION." FUNDS PROVIDED BY THE ORGANIZATION SEND MEDICINE, BOOKS, EDUCATIONAL MATERIALS, CLOTHING, ETC. TO SUPPORTED MISSIONS. ADDITIONAL OBJECTIVES INCLUDE PROVIDING JOBS AND SKILL DEVELOPMENT TO RESIDENTS OF LOWER-TO- MIDDLE INCOME INDIVIDULS, AND PROVIDING GOOD QUALITY CONSUMER GOODS TO THE PUBLIC.

    Expenses $7,545,398 · Grants $490,000 · Revenue $3,233,984

As filed on the 2023 return.

Listed in Part VII

  • Bruce Krapf

    GENERAL MANA

    Total calculated
    $144,839
    From this org
    $119,866
    From related orgs
    $0
    Other
    $24,973
    Hours/week
    40

  • Eric Taft

    OPERATIONS M

    Total calculated
    $113,524
    From this org
    $101,416
    From related orgs
    $0
    Other
    $12,108
    Hours/week
    40

  • Richard Gygi

    EXECUTIVE DI

    Total calculated
    $78,431
    From this org
    $78,431
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Emily Blackledge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ed Freeman

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Pack

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Parker Page

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Siler

    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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521339349307587

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

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