Community Thrift Shop Inc
- Assets
- $378.8k
- Revenue
- $210.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Huntington, NY
- Founding
- 05/1967
- Data as of
- 12/2022
- EIN
- 11-2068428
Organization Overview
Community Thrift Shop Inc is located in Huntington, NY. The organization was established in 1967. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Community Thrift Shop Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community 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 12/2022, Community Thrift Shop Inc generated $210.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $199.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Thrift Shop Inc has awarded 20 individual grants totaling $414,122. 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
SALE AND DISTRIBUTION OF DONATED MERCHANDISE
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF DONATED MERCHANDISE WHOSE NET PROCEEDS BENEFIT EXEMPT MEMBER AGENCIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Bruder President | OfficerTrustee | 2 | $0 |
Linda Taylor Vice President | OfficerTrustee | 2 | $0 |
Bonnie Gruber Secretary | OfficerTrustee | 2 | $0 |
Scott Williams Treasurer | OfficerTrustee | 2 | $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 | $2,285 |
| Noncash contributions included in lines 1a–1f | $2,285 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,285 |
| Total Program Service Revenue | $208,616 |
| Investment income | $2 |
| 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 | $210,903 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,050 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $48,510 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,478 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $7,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $39,538 |
| Information technology | $16,084 |
| Royalties | $0 |
| Occupancy | $46,882 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,705 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,183 |
| Insurance | $6,137 |
| All other expenses | $0 |
| Total functional expenses | $199,121 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,760 |
| Savings and temporary cash investments | $94 |
| 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 | $25,505 |
| Prepaid expenses and deferred charges | $10,877 |
| Net Land, buildings, and equipment | $45,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $264,710 |
| Other assets | $12,433 |
| Total assets | $378,766 |
| Accounts payable and accrued expenses | $10,044 |
| 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 | $58,164 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $279,353 |
| Total liabilities | $347,561 |
| Net assets without donor restrictions | $31,205 |
| 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 | $378,766 |
Grants Awarded
Over the last fiscal year, Community Thrift Shop Inc has awarded $104,936 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DAYTOP VILLAGE INC | | | $9,976 |
FAMILY SERVICE LEAGUE | | | $30,241 |
HUNTINGTON HOSPITAL AUXILIARY | | | $23,878 |
VISITING NURSE SERVICE | | | $40,841 |