Latrobe Store
- Assets
- $1.2m
- Revenue
- $335.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Latrobe, PA
- Founding
- 06/2018
- Data as of
- 09/2023
- EIN
- 25-1578682
Organization Overview
Latrobe Store is located in Latrobe, PA. The organization was established in 2018. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Latrobe Store 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 09/2023, Latrobe Store generated $335.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.9% each year . All expenses for the organization totaled $353.6k during the year ending 09/2023. While expenses have increased by 8.2% per year over the past 4 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HELPING LOCAL NEEDY PEOPLE FROM SALE OF DONATED CLOTHES & ETC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE ADDITIONAL DATA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Albert Treasurer | Trustee | 15 | $0 |
Joseph Androstic President | Trustee | 25 | $0 |
Carol Bebin Vice Preside | Trustee | 5 | $0 |
Carol Majorsky Secretary | Trustee | 5 | $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 | $2,284 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,284 |
| Total Program Service Revenue | $0 |
| Investment income | $8,054 |
| 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 | $324,948 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $335,432 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,170 |
| Grants and other assistance to domestic individuals. | $35,864 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $25,836 |
| Insurance | $0 |
| All other expenses | $23,753 |
| Total functional expenses | $353,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,985 |
| Savings and temporary cash investments | $279,016 |
| 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 | $0 |
| Net Land, buildings, and equipment | $820,371 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,244,372 |
| Accounts payable and accrued expenses | $1,152 |
| 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 | $1,191 |
| Total liabilities | $2,343 |
| Net assets without donor restrictions | $0 |
| 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 | $1,242,029 |
| Total liabilities and net assets/fund balances | $1,244,372 |
Grants Awarded
Over the last fiscal year, Latrobe Store has awarded $78,070 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER LATROBE MINESTERIAL ASSOC | | | $15,000 |
SOCIETY OF ST VINCENT DEPAUL | | | $15,000 |
WESTMORELAND COUNTY FOOD BANK | | | $23,070 |
DERRY ARE FOOD PANTRY | | | $15,000 |
WESTMORELAND COMMUNITY ACTION | | | $10,000 |