Palos Verdes Resale
- Assets
- $166.8k
- Revenue
- $509.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lomita, CA
- Founding
- 02/2005
- Data as of
- 12/2022
- 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 12/2022, Palos Verdes Resale generated $509.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $508.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Palos Verdes Resale has awarded 44 individual grants totaling $848,800. 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
2022
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 14 LOCAL 501C3 CHARITIES. OUR VOLUNTEERS DETERMINE THE AMOUNT EACH CHARITY RECEIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Bryan President | OfficerTrustee | 20 | $0 |
Joan Ortalano Secretary | OfficerTrustee | 2 | $0 |
Sheila Anderson Treasurer | OfficerTrustee | 12 | $0 |
Betty Wall Director | Trustee | 20 | $0 |
Paula Orlandini Director | Trustee | 10 | $0 |
Michelle Sagolla Director | Trustee | 18 | $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 | $1,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,125 |
| Total Program Service Revenue | $508,125 |
| Investment income | $520 |
| 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 | $509,770 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $375,000 |
| 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 | $215 |
| Office expenses | $2,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $100,152 |
| 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 | $2,467 |
| All other expenses | $690 |
| Total functional expenses | $508,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,214 |
| Savings and temporary cash investments | $102,344 |
| 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 | $1,724 |
| 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 | $166,782 |
| Accounts payable and accrued expenses | $1,530 |
| 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 | $4,513 |
| Total liabilities | $6,043 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $160,739 |
| 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 | $166,782 |
Grants Awarded
Over the last fiscal year, Palos Verdes Resale has awarded $376,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE - ST JOHN FISHER PURPOSE: Outreach to the poor | $34,448 |
CASA DE LA ANGELITOS PURPOSE: Home for pregnant women | $19,896 |
CHRISTIAN OUTREACH PURPOSE: Meals & clothing for homeless | $13,992 |
FAMILY PROMISE PURPOSE: Assist homeless families | $13,372 |
HARBOR INTERFAITH PURPOSE: Assist needy families | $14,608 |
HARBOR PREGNANCY HELP CENTER PURPOSE: Assist women in crisis | $32,234 |