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Nonprofiteer
← RECLAIMED RESALE INC

Form 990 for tax year 2023

Filed by RECLAIMED RESALE INC.

Totals

Total revenue
$460,239
Total expenses
$397,692
Contributions and grants received
$28,930
Grants paid
$234,000
Program service revenue
$425,727
Investment income
$97
Other revenue
$5,485
Total assets, end of year
$684,733
Total liabilities, end of year
$35,329
Net assets or fund balances, end of year
$649,404
Program services expenses (Part IX)
$360,746
Management and general expenses
$32,787
Fundraising expenses
$4,159
Program service expenses (Part III)
$360,746

Program services were 90.7% 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

    $28,930

  • 2a · Program service revenue: THRIFT STORE

    total $425,727 · related or exempt $425,727

  • 3 · Investment income

    total $97 · excluded $97

  • 6a · Gross rents

    real property $5,485

  • 6c · Rental income or loss

    real property $5,485

  • 6d · Net rental income or loss

    total $5,485 · excluded $5,485

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $234,000 · program services $234,000

  • 6 · Compensation of disqualified persons

    total $75,654 · program services $56,740 · management and general $15,131 · fundraising $3,783

  • 7 · Other salaries and wages

    total $9,160 · program services $9,160

  • 9 · Other employee benefits

    total $1,939 · program services $1,506 · management and general $346 · fundraising $87

  • 10 · Payroll taxes

    total $6,488 · program services $5,042 · management and general $1,157 · fundraising $289

  • 13 · Office expenses

    total $14,456 · program services $846 · management and general $13,610

  • 16 · Occupancy

    total $31,023 · program services $31,023

  • 20 · Interest

    total $2,062 · management and general $2,062

  • 22 · Depreciation, depletion and amortization

    total $17,621 · program services $17,339 · management and general $282

  • 23 · Insurance

    total $3,985 · program services $3,786 · management and general $199

  • 24a · Other expenses: MISC

    total $1,304 · program services $1,304

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,284 · end of year $78,225

  • 2 · Savings and temporary cash investments

    beginning of year $130,632 · end of year $130,879

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

    $588,817

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

    $113,188

  • 10c · Land, buildings and equipment, net

    beginning of year $472,597 · end of year $475,629

  • 23 · Secured mortgages and notes payable

    beginning of year $67,656 · end of year $35,329

  • 27 · Net assets without donor restrictions

    beginning of year $571,857 · end of year $634,404

  • 28 · Net assets with donor restrictions

    beginning of year $15,000 · end of year $15,000

Mission and programs · 2023

Mission

MISSION - ACCEPT DONATED GOODS AND TRANSFORM THEM INTO PROCEEDS AND GIFTS THAT ENRICH THE QUALITY OF LIFE FOR OUR STUDENTS, FAMILIES, AND LOCAL CHARITIES.

  • OPERATION OF THRIFT STORE RESULTING IN DONATIONS/GRANTS TO VARIOUS STUDENTS, FAMILIES, AND CHARITIES.

    Expenses $342,851 · Grants $234,000 · Revenue $425,727

  • PARTNERING WITH YOUTH FOR CHRIST - HEART OF IL (A 501C3 ORG) TO PROVIDE A PLACE WHERE STUDENTS CONNECT WITH COMPASSIONATE ADULTS WHO CAN HELP THEM GROW ACADEMICALLY, RELATIONALLY, EMOTIONALLY, AND SPIRITUALLY. RECLAIMED RESALE OWNS THE BUILDING, YOUTH FOR CHRIST OPERATES WEEKLY PROGRAMS.

    Expenses $17,895

As filed on the 2023 return.

Listed in Part VII

  • Anita Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marty Payne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Hasselbusch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bryan Argo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Gutwein

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Keith Swartzentruber

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard S Winkler

    SECRETARYTREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kevin Rauh

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    3

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
2023
Filed
1 July 2024
IRS schema version
2023v5.1
Source object
202421839349301322

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

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