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Nonprofiteer
← HOPE MISSION THRIFT STORE INC

Form 990 for tax year 2024

Filed by HOPE MISSION THRIFT STORE INC.

Totals

Total revenue
$617,871
Total expenses
$677,958
Contributions and grants received
$31,566
Grants paid
$135,000
Program service revenue
$586,305
Investment income
$0
Other revenue
$0
Total assets, end of year
$102,253
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$102,253
Program services expenses (Part IX)
$606,968
Management and general expenses
$70,990
Fundraising expenses
$0
Program service expenses (Part III)
$606,968

Program services were 89.5% 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

    $31,566

  • 2a · Program service revenue: THRIFT STORE SALES

    total $586,305 · related or exempt $586,305

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $135,000 · program services $135,000

  • 7 · Other salaries and wages

    total $374,945 · program services $318,703 · management and general $56,242

  • 10 · Payroll taxes

    total $32,272 · program services $27,431 · management and general $4,841

  • 11b · Fees: legal

    total $75 · program services $75

  • 11g · Fees: other

    total $1,395 · program services $697 · management and general $698

  • 12 · Advertising and promotion

    total $330 · program services $330

  • 13 · Office expenses

    total $6,243 · program services $3,121 · management and general $3,122

  • 14 · Information technology

    total $2,002 · program services $2,002

  • 16 · Occupancy

    total $48,372 · program services $43,534 · management and general $4,838

  • 17 · Travel

    total $7,181 · program services $7,181

  • 23 · Insurance

    total $12,489 · program services $11,240 · management and general $1,249

  • 24a · Other expenses: SALES TAX

    total $37,243 · program services $37,243

  • 24b · Other expenses: CREDIT CARD FEES

    total $10,911 · program services $10,911

  • 24c · Other expenses: STORAGE UNIT

    total $9,500 · program services $9,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $162,340 · end of year $102,253

  • 27 · Net assets without donor restrictions

    beginning of year $162,340 · end of year $102,253

Mission and programs · 2024

Mission

TO ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS, AND SUBSTANCE ABUSE IN EASTERN NC THROUGH THE THRIFT STORE MINISTRY

  • THE THRIFT STORE HELPED OVER 124 FAMILIES IN 2024 WITH FREE CLOTHING, FURNITURE,AND HOUSEHOLD GOODS THROUGH THE THRIFT STORE MINISTRY

    Expenses $471,968 · Revenue $586,305

  • GRANT PROVIDED TO THE HOPE MISSION FOUNDATION FOR USE TOWARDS THEIR CHARITABLE PURPOSE

    Expenses $135,000 · Grants $135,000

As filed on the 2024 return.

Listed in Part VII

  • Jeff Baran

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Dennis Barber

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • William Dupree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sharon Garner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Sherry Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Allen Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Nate Leonard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • David McFayden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Richard McIntyre

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Richard G McLendon

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    5 + 40 related

  • Rich Moreau

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Steve Vaughn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • John Sotirkys

    CEO

    Total calculated
    $0
    Hours/week
    5 + 40 related

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2025
IRS schema version
2024v5.0
Source object
202501709349300845

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