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Nonprofiteer
← VILLAGE THRIFT SHOP INC

Form 990 for tax year 2023

Filed by VILLAGE THRIFT SHOP INC.

Totals

Total revenue
$269,680
Total expenses
$224,542
Contributions and grants received
$10,885
Grants paid
$176,124
Program service revenue
$0
Investment income
$0
Other revenue
$258,795
Total assets, end of year
$287,715
Total liabilities, end of year
$1,849
Net assets or fund balances, end of year
$285,866
Program services expenses (Part IX)
$224,542
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$224,542

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $10,885

  • 1g · Noncash contributions included above

    $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10a · Gross sales of inventory

    $246,827

  • 10b · Cost of goods sold

    -$107

  • 10c · Net income from sales of inventory

    total $246,934 · related or exempt $246,934 · unrelated business $0 · excluded $0

  • 11a · Other revenue: Unspent grants returned to organization

    total $10,862 · related or exempt $10,862 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Sales tax collection vendor service fee

    total $808 · related or exempt $808 · unrelated business $0 · excluded $0

  • 11c · Other revenue: Recycling income

    total $191 · related or exempt $191 · unrelated business $0 · excluded $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $11,861

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,124 · program services $176,124

  • 12 · Advertising and promotion

    total $36 · program services $36 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $219 · program services $219 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $36,120 · program services $36,120 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $165 · program services $165 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $383 · program services $383 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $847 · program services $847 · management and general $0 · fundraising $0

  • 24a · Other expenses: Utilities

    total $5,761 · program services $5,761 · management and general $0 · fundraising $0

  • 24b · Other expenses: Credit Card Fees

    total $4,075 · program services $4,075 · management and general $0 · fundraising $0

  • 24c · Other expenses: Supplies

    total $104 · program services $104 · management and general $0 · fundraising $0

  • 24d · Other expenses: Repairs & Maintenance

    total $334 · program services $334 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $374 · program services $374 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $226,797 · end of year $272,232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,504 · end of year $3,591

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

    $8,930

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

    $2,038

  • 10c · Land, buildings and equipment, net

    beginning of year $7,275 · end of year $6,892

  • 15 · Other assets

    beginning of year $5,000 · end of year $5,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,848 · end of year $1,849

  • 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 $240,728 · end of year $285,866

Mission and programs · 2023

Mission

To accept and resell donated goods and to focus on recycling through sale or proper disposal of unwanted or unneeded items. Net profits from sales are used to support area non-profits.

  • Donated goods worth $246,827 were sold in the Thrift Shop. Accumulated profits allowed the organization to award grants to 23 area non-profit organizations totaling $176,124 in the fiscal year 2023 (year-ending 3/31/24). In addition, many other donated unwanted items were disposed of through other non-profits (such as Goodwill and Salvation Army) and through recycling efforts, thus diverting these items from being landfilled.

    Expenses $224,542 · Grants $176,124 · Revenue $269,680

As filed on the 2023 return.

Listed in Part VII

  • Connie Leavitt

    President

    Total calculated
    $0
    Hours/week
    30

  • Randall Maharry

    Vice President

    Total calculated
    $0
    Hours/week
    15

  • Anthony J Schetzsle

    Treasurer

    Total calculated
    $0
    Hours/week
    30

  • Paula Peat Page Martin

    Secretary

    Total calculated
    $0
    Hours/week
    13

  • Olga Cofas

    Volunteer Coordinator

    Total calculated
    $0
    Hours/week
    28

  • Annie Hanson

    Member at Large

    Total calculated
    $0
    Hours/week
    20

  • Martha Tierney

    Member at Large

    Total calculated
    $0
    Hours/week
    16

  • Abigail Vigil-Perez

    Member at Large

    Total calculated
    $0
    Hours/week
    20

  • Dennis Gribble

    Member at Large

    Total calculated
    $0
    Hours/week
    16

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
17 June 2024
IRS schema version
2023v5.0
Source object
202421699349301112

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