Ridgefield Thrift Shop Inc
- Assets
- $812.3k
- Revenue
- $908.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 02/1950
- Data as of
- 04/2022
- EIN
- 06-0643072
Organization Overview
Ridgefield Thrift Shop Inc is located in Ridgefield, CT. The organization was established in 1950. 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. Ridgefield Thrift Shop Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Ridgefield Thrift Shop Inc generated $908.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $698.7k during the year ending 04/2022. While expenses have increased by 16.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Ridgefield Thrift Shop Inc has awarded 305 individual grants totaling $2,853,480. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT OTHER LOCAL 501(C)(3) ORGANIZATIONS THROUGH RECYCLING, RE-PURPOSING, AND RESELLING GENEROUSLY DONATED GOODS. PROCEEDS FROM SALES IN EXCESS OF OPERATING EXPENSES AND ADDITIONS TO RESERVE FUNDS ARE DISTRIBUTED TO LOCAL CHARITABLE ORGANIZATIONS FOR OPERATING SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
NET PROCEEDS FROM SALES OF DONATED MERCHANDISE IN EXCESS OF OPERATING EXPENSES AND ADDITIONS TO RESERVES ARE DISTRIBUTED TO LOCAL CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gaby Gearhart Vice President | Officer | 10 | $0 |
Sarah Slavin Secretary | Officer | 10 | $0 |
Patricia Hellman President (current) | Officer | 30 | $0 |
Brenda Kane Board Member | Officer | 30 | $0 |
Jen Mitchel Board Member | Trustee | 20 | $0 |
Al Welby Board Member | Trustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $752 |
| Total Program Service Revenue | $906,827 |
| Investment income | $771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,350 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $470,000 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $449 |
| Office expenses | $10,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,332 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,220 |
| Insurance | $5,587 |
| All other expenses | $6,183 |
| Total functional expenses | $698,669 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $589,196 |
| Savings and temporary cash investments | $110,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $112,619 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $812,308 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $812,308 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $812,308 |
Grants Awarded
Over the last fiscal year, Ridgefield Thrift Shop Inc has awarded $320,300 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
RIDGEFIELD SOCIAL SERVICES PURPOSE: GENERAL SUPPORT | $32,000 |
Danbury, CT PURPOSE: GENERAL SUPPORT | $30,000 |
RIDGEFILED CONSERVATION COMMISSION PURPOSE: GENERAL SUPPORT | $23,000 |
Ridgefield, CT PURPOSE: GENERAL SUPPORT | $15,000 |
Ridgefield, CT PURPOSE: GENERAL SUPPORT | $15,000 |
Danbury, CT PURPOSE: GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ridgefield Thrift Shop Inc has recieved totaling $27.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Waste-Not-Want-Not Inc New York, NY | $85,775 | $905,044 |
Vintage Thrift Shop Corporation New York, NY | $949,773 | $1,175,007 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Cure Thrift Inc New York, NY | $155,357 | $464,737 |