Palos Verdes Resale
- Assets
- $163.3k
- Revenue
- $423.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lomita, CA
- Founding
- 02/2005
- Data as of
- 12/2021
- EIN
- 20-0972452
Organization Overview
Palos Verdes Resale is located in Lomita, CA. The organization was established in 2005. 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. Palos Verdes Resale 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 12/2021, Palos Verdes Resale generated $423.6k 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 $406.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Palos Verdes Resale has awarded 45 individual grants totaling $662,800. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE AN ALL VOLUNTEER ORGANIZATION THAT COLLECTS AND RE-SELLS DONATED ITEMS TO GENERATE FUNDS FOR DISTRIBUTION TO LOCAL NON-PROFIT ORGANIZATIONS THAT ARE ENGAGED IN A VARIETY OF CHARITABLE MISSIONS FOR THE BENEFIT AND IMPROVEMENT OF SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE A THRIFT SHOP RUN BY AN ALL VOLUNTEER WORKFORCE. ALL ITEM ARE DONATED. OUR NET INCOME IS DISTRIBUTED TO 15 LOCAL 501C3 CHARITIES. OUR VOLUNTERS DETERMINE THE AMOUNT EACH CHARITY RECEIVES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bryan President | OfficerTrustee | 20 | $0 |
Sheila Anderson Treasurer | OfficerTrustee | 12 | $0 |
Joan Ortalano Secretary | OfficerTrustee | 3 | $0 |
Marty Hunt | Officer | 15 | $0 |
Paula Orlandini | Trustee | 10 | $0 |
Betty Wall | 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 | $4,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,125 |
| Total Program Service Revenue | $418,939 |
| Investment income | $526 |
| 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 | $423,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $282,800 |
| 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 | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $140 |
| Office expenses | $1,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,969 |
| 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 | $0 |
| Insurance | $1,044 |
| All other expenses | $1,010 |
| Total functional expenses | $406,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,346 |
| Savings and temporary cash investments | $101,906 |
| 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 | $1,543 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,500 |
| Total assets | $163,295 |
| Accounts payable and accrued expenses | $1,039 |
| 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 | $4,193 |
| Total liabilities | $5,232 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $158,063 |
| 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 | $163,295 |
Grants Awarded
Over the last fiscal year, Palos Verdes Resale has awarded $282,800 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Torrance, CA PURPOSE: Residence for disabled adults | $45,783 |
Torrance, CA PURPOSE: Provides meals for the homebound | $31,206 |
Rch Palos Vrd, CA PURPOSE: Outreach to the poor | $31,086 |
Torrance, CA PURPOSE: Food bank | $24,835 |
PRESENTATION LEARNING CENTER PURPOSE: Adult Learning Center | $24,281 |
Torrance, CA PURPOSE: Center for Autistic children | $21,286 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Palos Verdes Resale has recieved totaling $133.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $133 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Santa Barbara And Ventura Counties Oxnard, CA | $36,147,815 | $36,387,219 |
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Achievement House Inc San Luis Obispo, CA | $9,588,064 | $4,686,736 |
3 Way Thrift Store Inc Chino, CA | $3,968,931 | $4,164,171 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Tavern Guild Foundation Of San Francisco Inc San Francisco, CA | $1,608,294 | $2,133,218 |
Neighborhood Industries Fresno, CA | $1,638,421 | $2,277,011 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
All Out Caring Inc Pomona, CA | $728,758 | $1,913,953 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Bay Area Furniture Bank Sunnyvale, CA | $1,213,792 | $1,121,491 |