Ten Thousand Villages
- Assets
- $299.3k
- Revenue
- $134.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Souderton, PA
- Founding
- 05/2010
- Data as of
- 12/2022
- EIN
- 26-3791248
Organization Overview
Ten Thousand Villages is located in Souderton, PA. The organization was established in 2010. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. As of 12/2022, Ten Thousand Villages employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ten Thousand Villages 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, Ten Thousand Villages generated $134.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $201.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSE OF THE CORPORATION IS TO CARRY OUT CHARITABLE AND EDUCATION ACTIVITIES. THE SPECIFIC PURPOSE SHALL BE AS FOLLOWS: 1. TO SUPPORT THE WORLDWIDE RELIEF AND DEVELOPMENT PROGRAMS OF NOPROFIT ALTERNATIVE TRADE ORGANIZATIONS THROUGH THE SALE OF MERCHANDISE, SUBSTANTIALLY ALL OF WHICH HAS BEEN HANDCRAFTED BY PERSONS OF LOW INCOME. 2. TO OPERATE A STORE IN SOUDERTON, PA, AREA, SOME OF WHICH WILL BE DONE THROUGH EFFORTS OF VOLUNTEERS. 3. TO FURTHER INTERNATIONAL UNDERSTANDING BY HELPING NORTH AMERICANS BETTER UNDERSTAND THE CAUSES OF GLOBAL POVERTY AND INJUSTICE. 4. TO SUPPORT THE VALUES OF SIMPLICITY, PEACE, JUSTICE, ECONOMIC DEVELOPMENT AND INTERCULTURAL UNDERSTANDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT THIRD WORLD/DEVELOPING COUNTRIES ARTISANS THROUGH PURCHASE AND SALE OF CRAFTS FROM OUR CORPORATE OFFICE WHO FACILITATE IMPORTS AND MARKETING FOR IMPOVERISHED AND DISADVANTAGED PEOPLE.
SUPPORT OF LOCAL NON-PROFIT ORGANIZATIONS THROUGH SOLICITED DONATIONS AND SHOPPING EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martene Histand Chairperson | OfficerTrustee | 8.5 | $0 |
Keith Heavener Vice Chair | OfficerTrustee | 1 | $0 |
Michael Conk Treas/sec | OfficerTrustee | 1.5 | $0 |
Becci Gebelein Board Member | Trustee | 0.5 | $0 |
Joanne Kratz Board Member | Trustee | 1.5 | $0 |
Beverly Musselman Board Member | Trustee | 0.5 | $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 | $1,754 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,754 |
| Total Program Service Revenue | $0 |
| Investment income | $1,688 |
| 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 | $130,735 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $134,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60 |
| 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. | $63,277 |
| Compensation of current officers, directors, key employees. | $15,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,547 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,034 |
| Office expenses | $11,281 |
| Information technology | $7,959 |
| Royalties | $0 |
| Occupancy | $54,085 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,546 |
| Insurance | $4,722 |
| All other expenses | $0 |
| Total functional expenses | $201,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $145,199 |
| 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 | $101,751 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,383 |
| Investments—publicly traded securities | $43,989 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,322 |
| Accounts payable and accrued expenses | $7,113 |
| 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 | $175,123 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,982 |
| Total liabilities | $209,218 |
| Net assets without donor restrictions | $90,104 |
| 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 | $299,322 |