Thrift Alliance
- Assets
- $769.8k
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Nashville, TN
- Founding
- 02/2007
- Data as of
- 06/2022
- EIN
- 20-1578635
Organization Overview
Thrift Alliance, operating under the name dba ThriftSmart, is located in Nashville, TN. The organization was established in 2007. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, dba ThriftSmart employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. dba ThriftSmart 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 06/2022, dba ThriftSmart generated $2.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 3.8% 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 2015, dba ThriftSmart has awarded 12 individual grants totaling $556,352. 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
SEE FULL MISSION STATEMENT AT PART III LINE 1 THE THRIFT ALLIANCE OPERATES THRIFT STORES TO BENEFIT CUSTOMERS EMPLOYEES AND CHARITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SELLS DONATED AND PURCHASED MERCHANDISE TO SUPPORT VARIOUS MISSIONS. THE FOUNDERS ADOPTED A VISION FOCUSED ON "BUSINESS AS A MISSION." FUNDS PROVIDED BY THE ORGANIZATION SEND MEDICINE, BOOKS, EDUCATIONAL MATERIALS, CLOTHING, ETC. TO SUPPORTED MISSIONS. ADDITIONAL OBJECTIVES INCLUDE PROVIDING JOBS AND SKILL DEVELOPMENT TO RESIDENTS OF LOWER-TO-MIDDLE INCOME INDIVIDULS, AND PROVIDING QOOD QUALITY CONSUMER GOODS TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Gygi Executive Director | Officer | 20 | $65,354 |
Bruce Krapf Operations Manager | Officer | 45 | $0 |
Ed Freeman Vicechairman | Trustee | 1 | $0 |
Jeff Pack Chairman | Trustee | 2 | $0 |
Cindy Siler Director | Trustee | 1 | $0 |
Emily Blackledge Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,816 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,816 |
| Total Program Service Revenue | $2,613,452 |
| Investment income | $0 |
| 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 | $2,756,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $416,000 |
| 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. | $143,000 |
| Compensation of current officers, directors, key employees. | $100,100 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,058 |
| Pension plan accruals and contributions | $9,368 |
| Other employee benefits | $31,373 |
| Payroll taxes | $79,627 |
| Fees for services: Management | $65,354 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,781 |
| Advertising and promotion | $43,549 |
| Office expenses | $28,925 |
| Information technology | $35,108 |
| Royalties | $0 |
| Occupancy | $349,845 |
| Travel | $178 |
| 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 | $30,075 |
| Insurance | $26,599 |
| All other expenses | $0 |
| Total functional expenses | $2,530,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $482,589 |
| Savings and temporary cash investments | $0 |
| 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 | $2,196 |
| Net Land, buildings, and equipment | $270,810 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,669 |
| Other assets | $12,500 |
| Total assets | $769,764 |
| Accounts payable and accrued expenses | $186,617 |
| 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 | $231,687 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $418,304 |
| Net assets without donor restrictions | $351,460 |
| 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 | $769,764 |
Grants Awarded
Over the last fiscal year, Thrift Alliance has awarded $304,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Franklin, TN PURPOSE: Laedership education prog | $86,000 |
Nashville, TN PURPOSE: Support of ministries | $76,000 |
Franklin, TN PURPOSE: Support of education | $76,000 |
Franklin, TN PURPOSE: Medical program support | $66,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thrift Alliance has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |
The Arc Davidson County & Greater Nashville Nashville, TN | $1,667,294 | $2,925,688 |
Thrift Alliance Nashville, TN | $769,764 | $2,756,268 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |
Virginia Baptist Homes Foundation Inc Glen Allen, VA | $12,836,580 | $2,666,939 |