Valley Thrift Store Inc
- Assets
- $106.0k
- Revenue
- $253.3k
- Investments
- $0.0
- Employees
- 5
- Location
- North Grafton, MA
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 26-2037081
Organization Overview
Valley Thrift Store Inc, operating under the name Treasures, is located in North Grafton, MA. The organization was established in 2008. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2021, Treasures employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Treasures 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, Treasures generated $253.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $239.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO RAISE FUNDS FOR ALL STUDENTS AT WHITINSVILLE CHRISTIAN SCHOOL BY SELLING GOOD, DONATED, AND DISCOUNTED MERCHANDISE AT A FAIR PRICE. THROUGH THE WORK OF TREASURES, VOLUNTEERS SEEK TO MAKE A POSITIVE DIFFERENCE IN GODS KINGDOM
Describe the Organization's Program Activity:
Part 3 - Line 4a
RAISE FUNDS TOWARDS THE COST OF PROVIDING EDUCATION TO ALL CHILDREN ATTENDING WHITINSVILLE CHRISTIAN SCHOOL. A COMMITMENT OF $98,500 FOR APPROXIMATELY 480 STUDENTS FOR THE 2019-2020 SCHOOL YEAR HAS BEEN MADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darrell Baker President | OfficerTrustee | 5 | $0 |
Nathan Gjeltema Treasurer | OfficerTrustee | 1 | $0 |
Iona Buma Vice President | OfficerTrustee | 5 | $0 |
Carol Shaver Clerk | OfficerTrustee | 0.5 | $0 |
Pam Chilton Director | Trustee | 0.5 | $0 |
Erin Thakkallapalli Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,298 |
| 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 | $9,298 |
| Total Program Service Revenue | $243,941 |
| Investment income | $29 |
| 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 | $253,268 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| 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 | $58,738 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $553 |
| Payroll taxes | $3,756 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,657 |
| Advertising and promotion | $551 |
| Office expenses | $349 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $98,484 |
| 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 | $75 |
| Insurance | $1,685 |
| All other expenses | $333 |
| Total functional expenses | $239,869 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,379 |
| Savings and temporary cash investments | $41,031 |
| 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 | $550 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,960 |
| Accounts payable and accrued expenses | $1,509 |
| Grants payable | $0 |
| Deferred revenue | $547 |
| 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 | $45,000 |
| Other liabilities | $1,046 |
| Total liabilities | $48,102 |
| Net assets without donor restrictions | $57,858 |
| 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 | $105,960 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
Leeward Charitable Foundation Inc Salisbury, MA | $1,114,900 | $1,587,888 |
Waste-Not-Want-Not Inc New York, NY | $85,775 | $905,044 |
Vintage Thrift Shop Corporation New York, NY | $949,773 | $1,175,007 |
Hospital Thrift Shop Nantucket, MA | $873,056 | $917,813 |
Ridgefield Thrift Shop Inc Ridgefield, CT | $812,308 | $908,350 |
Barristers Book Shop South Royalton, VT | $588,614 | $671,375 |