Thrift Alliance

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. 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 06/2023, dba ThriftSmart generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $3.0m during the year ending 06/2023. While expenses have increased by 7.3% per year over the past 6 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 16 individual grants totaling $976,352. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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)Compensation
Ed Freeman
Vice-Chairman
$0
Jeff Pack
Chairman
$0
Cindy Siler
Director
$0
Emily Blackledge
Director
$0
Parker Page
Director
$0
Richard Gygi
Executive Director
$76,890

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$3,076,566
Investment income $52
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $18,468
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,095,086

Grants Awarded

Over the last fiscal year, Thrift Alliance has awarded $420,000 in support to 4 organizations.

Grant RecipientAmount

AFRICAN LEADERSHIP

PURPOSE: General support of organization mission.

$105,000

THE BELIZE PROJECT

PURPOSE: General support of organization mission.

$105,000

MERCY COMMUNITY HEALTHCARE

PURPOSE: General support of organization mission.

$105,000

NEW HOPE ACADEMY

PURPOSE: General support of organization mission.

$105,000
View Grant Profile

Peer Organizations

Organization NameAssets
Community Investments Foundation
Charlotte, NC
$20,489,868
Westminister-Canterbury Management Corporation
Richmond, VA
$16,396,400
The Baptist Home Foundation
Jefferson City, MO
$3,844,165
Roi Fund Inc
Atlanta, GA
$0
Hospice Of Chattanooga Foundation
Chattanooga, TN
$886,666
Midwest Senior Ministries Inc
St Louis, MO
$9,586,362
Friends Of Flance Center
St Louis, MO
$160,628
Communities In Schools Of North Carolina Inc
Raleigh, NC
$5,858,590
Catholic Charities Foundation
St Louis, MO
$7,836,283
Lutheran Senior Services Endowment Fund
St Louis, MO
$3,264,962
Goodwill Industries Of The Southern Piedmont Fdn
Charlotte, NC
$495,152
Thrift Alliance
Nashville, TN
$3,095,086
Community Real Property Holdings Inc
Charlotte, NC
$3,652,020
The Arc Davidson County & Greater Nashville
Nashville, TN
$2,688,741
Alliance Against Assault And Abuse
Kansas City, MO
$0
Charlotte Rescue Mission Social Enterprise
Charlotte, NC
$1,348,083
Georgia Youth Homes Foundation
Madison, GA
$1,469,118
Four Seasons Compassion For Life Foundation
Hendersonville, NC
$1,592,605
Christian Service Charities Inc
Alexandria, VA
$1,688,792
Health Equity Partners Properties Inc
Louisville, KY
$397,747
Williamsburg Landing Continuing Care Tr
Williamsburg, VA
$821,234
National Center For Civil And Human Rights Foundation Inc
Atlanta, GA
$501,492
Abch Foundation
Birmingham, AL
$858,119
Ann K Kirby Foundation
Richmond, VA
$737,037
Employment Solutions Personnel Inc
Lexington, KY
$1,246,506

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