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Nonprofiteer
← FAITH HOPE & CHARITY RECYCLE STORE INC

Form 990 for tax year 2025

Filed by FAITH HOPE & CHARITY RECYCLE STORE INC.

Totals

Total revenue
$1,254,601
Total expenses
$997,344
Contributions and grants received
$1,208,291
Grants paid
$658,861
Program service revenue
$0
Investment income
$15,884
Other revenue
$30,426
Total assets, end of year
$2,662,916
Total liabilities, end of year
$33,243
Net assets or fund balances, end of year
$2,629,673
Program services expenses (Part IX)
$944,623
Management and general expenses
$52,721
Fundraising expenses
$0
Program service expenses (Part III)
$944,623

Program services were 94.7% 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

    $1,208,291

  • 1g · Noncash contributions included above

    $1,082,206

  • 3 · Investment income

    total $15,884 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $1,082,206

  • 10b · Cost of goods sold

    $1,051,980

  • 10c · Net income from sales of inventory

    total $30,226 · related or exempt $30,226

  • 11a · Other revenue: OTHER INCOME

    total $200 · related or exempt $200 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,567 · program services $176,567

  • 2 · Grants to domestic individuals

    total $482,294 · program services $482,294

  • 11c · Fees: accounting

    total $4,850 · program services $0 · management and general $4,850 · fundraising $0

  • 12 · Advertising and promotion

    total $5,855 · program services $5,855 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $59,181 · program services $36,923 · management and general $22,258 · fundraising $0

  • 16 · Occupancy

    total $190,755 · program services $171,679 · management and general $19,076 · fundraising $0

  • 17 · Travel

    total $1,766 · program services $1,766 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $41,084 · program services $36,976 · management and general $4,108 · fundraising $0

  • 23 · Insurance

    total $24,291 · program services $21,862 · management and general $2,429 · fundraising $0

  • 24a · Other expenses: SUPPLIES

    total $384 · program services $384 · management and general $0 · fundraising $0

  • 24b · Other expenses: VOLUNTEER

    total $10,317 · program services $10,317 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,020,811 · end of year $1,235,048

  • 2 · Savings and temporary cash investments

    beginning of year $301,798 · end of year $348,151

  • 8 · Inventories for sale or use

    beginning of year $187,981 · end of year $218,206

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,117 · end of year $4,841

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

    $1,551,891

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

    $705,912

  • 10c · Land, buildings and equipment, net

    beginning of year $842,749 · end of year $845,979

  • 14 · Intangible assets

    beginning of year $3,729 · end of year $10,691

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,903 · end of year $23,407

  • 23 · Secured mortgages and notes payable

    beginning of year $3,766 · end of year $9,836

  • 27 · Net assets without donor restrictions

    beginning of year $2,332,586 · end of year $2,625,164

  • 28 · Net assets with donor restrictions

    beginning of year $6,930 · end of year $4,509

Mission and programs · 2025

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 $944,623 · Grants $658,861 · Revenue $1,082,206

As filed on the 2025 return.

Listed in Part VII

  • Mike Cobb

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joy Childress

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joan Compton

    SPECIAL ADVISOR

    Total calculated
    $0
    Hours/week
    1

  • John Mahan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Purvis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jan Day

    STORE MANAGER

    Total calculated
    $0
    Hours/week
    20

  • Rebecca Lightcap

    VICE CHAIRMAN

    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

  • Cheryl Worley

    CHAIRMAN OF BOARD

    Total calculated
    $0
    Hours/week
    20

  • Stacey Graham

    FORMER BD MEMBER

    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
2025
Filed
7 May 2026
IRS schema version
2025v4.1
Source object
202612239349301691

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