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Nonprofiteer
← TWICE IS NICE INC

Form 990 for tax year 2022

Filed by TWICE IS NICE INC.

Totals

Total revenue
$1,108,920
Total expenses
$747,236
Contributions and grants received
$7,582
Grants paid
$200,000
Program service revenue
$1,097,284
Investment income
$4,054
Other revenue
$0
Total assets, end of year
$1,506,862
Total liabilities, end of year
$9,555
Net assets or fund balances, end of year
$1,497,307
Program services expenses (Part IX)
$712,416
Management and general expenses
$34,820
Fundraising expenses
$0
Program service expenses (Part III)
$712,416

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

    $7,582

  • 2a · Program service revenue: SALE OF GOODS

    total $1,097,284 · related or exempt $1,097,284

  • 3 · Investment income

    total $20,112 · excluded $20,112

  • 7a · Gross sales of assets other than inventory

    securities $103,908

  • 7b · Less cost or other basis and sales expenses

    securities $119,966

  • 7c · Gain or loss

    securities -$16,058

  • 7d · Net gain or loss

    total -$16,058 · excluded -$16,058

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 7 · Other salaries and wages

    total $218,661 · program services $218,661

  • 8 · Pension plan contributions

    total $4,589 · program services $4,589

  • 9 · Other employee benefits

    total $5,628 · program services $5,628

  • 10 · Payroll taxes

    total $17,678 · program services $17,678

  • 11c · Fees: accounting

    total $22,010 · management and general $22,010

  • 11f · Fees: investment management

    total $4,717 · management and general $4,717

  • 11g · Fees: other

    total $1,628 · program services $1,628

  • 12 · Advertising and promotion

    total $6,668 · program services $6,668

  • 13 · Office expenses

    total $8,793 · program services $8,793

  • 16 · Occupancy

    total $184,899 · program services $184,899

  • 19 · Conferences, conventions and meetings

    total $6,701 · management and general $6,701

  • 23 · Insurance

    total $14,623 · program services $13,231 · management and general $1,392

  • 24a · Other expenses: BANK AND C/C FEES

    total $23,986 · program services $23,986

  • 24b · Other expenses: EQUIP RENTAL & MAINT

    total $14,964 · program services $14,964

  • 24c · Other expenses: OTHER EXPENSES

    total $10,673 · program services $10,673

  • 24d · Other expenses: VOLUNTEER TRAINING

    total $1,018 · program services $1,018

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $257,084 · end of year $619,606

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,569 · end of year $11,601

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

    $13,495

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

    $13,495

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $959,618 · end of year $873,280

  • 15 · Other assets

    beginning of year $2,375 · end of year $2,375

  • 25 · Other liabilities

    beginning of year $7,731 · end of year $9,555

  • 27 · Net assets without donor restrictions

    beginning of year $1,220,915 · end of year $1,497,307

Mission and programs · 2022

Mission

TO RAISE REVENUE TO BENEFIT SENIORS IN NEED, WHILE PROMOTING SUSTAINABILITY THROUGH THE RESALE OF DONATED CLOTHING, FURNITURE, AND HOUSEHOLD ITEMS.

Activities or mission (Part I)

ASSIST SENIORS IN NEED WHILE PROMOTING SUSTAINABILITY THROUGH THE RESALE OF DONATED ITEMS

  • TWICE IS NICE OPERATES RETAIL STORES AND USES THE PROCEEDS FROM THE SALE OF DONATED ITEMS TO BENEFIT SENIORS. THE ORGANIZATION'S VALUES ARE: - HELP SENIORS IN NEED - PRACTICE SUSTAINABILITY THROUGH RECYCLING AND REDUCING WASTE - BE SOCIALLY IMPACTFUL AND INCLUSIVE - SELL HIGH QUALITY (UPSCALE) ITEMS - PROVIDE COMPETITIVE, YET AFFORDABLE PRICES - TEAMWORK - ENSURE AN ENJOYABLE, MEANINGFUL, AND SAFE ENVIRONMENT FOR OUR STAKEHOLDERS: STAFF, VOLUNTEERS, DONORS, AND SHOPPERS

    Expenses $712,416 · Grants $200,000 · Revenue $1,097,284

As filed on the 2022 return.

Listed in Part VII

  • Gordon Walker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5.5

  • Linda Langman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Katherine Parker

    TREASURER

    Total calculated
    $0
    Hours/week
    4.25

  • Nancy Black

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob Kroner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Ferrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Pam Jiranek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adrienne Woodard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Susan Cummings-Stimart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jackie Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chris Murray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349302203

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