Sealol Shop Union
- Assets
- $112.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Warwick, RI
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 05-6017635
Organization Overview
Sealol Shop Union is located in Warwick, RI. The organization was established in 1991. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sealol Shop Union is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Sealol Shop Union generated $27.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $42.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE UNION WAS FORMED TO FOSTER AND ENCOURAGE A HIGHER DEGREE OF EFFICIENCY AND SKILL OF ITS MEMBERS; THE CULTIVATION OF FRIENDSHIP AND FELLOWSHIP AMONG ITS MEMBERS; A REDUTION IN HOURS OF LABOR, THEREBY SECURING FOR ITS MEMBERS MORE TIME TO REST, RECREATION AND STUDY; THE ADOPTION OF A WAGE SCALE PROVIDING AN ADEQUATE REMUNERATION FOR LABOR PERFORMED-; AND THE ELEVATION AND IMPOROVEMENT OF THE MORALE, INTELLECTUAL, SOCIAL AND ECONOMIC CONDITIONS OF THE MEMBERS IN GOOD STANDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Wilson Treasurer | 0 | $0 | |
Joseph Mylnek Jr 1st Shift Su | 0 | $0 | |
Jeffrey O'leary President | 0 | $0 | |
Jason Doughty Vice Preside | 0 | $0 | |
Donald Clemm Jr Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,340 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $27,341 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,300 |
| Professional fees and other payments to independent contractors | $10,206 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,052 |
| Total expenses | $42,558 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $112,409 |
| Other assets | $0 |
| Total assets | $112,409 |
| Total liabilities | $0 |
| Net assets or fund balances | $112,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Guilford A Better Chance Inc Guilford, CT | $1,168,167 | $433,191 |
Ruths House Inc Haverhill, MA | $719,429 | $420,511 |
Thrift Shop Of Boston Inc Boston, MA | $463,981 | $608,764 |
Magic Hat Thrift Shop Inc Marblehead, MA | $101,653 | $284,415 |
Scotty Fund Inc Bethel, CT | $726,589 | $257,682 |
Valley Thrift Store Inc North Grafton, MA | $105,960 | $253,268 |
St Vincentde Paul Exchange Store Inc Fall River, MA | $191,385 | $154,653 |
Homemaker Thrift Shop Inc Branford, CT | $42,741 | $0 |