1st Rate 2nd Hand Thrift Inc
- Assets
- $31.8k
- Revenue
- $195.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Tucson, AZ
- Founding
- 04/2010
- Data as of
- 12/2019
- EIN
- 27-0884542
Organization Overview
1st Rate 2nd Hand Thrift Inc is located in Tucson, AZ. The organization was established in 2010. According to its NTEE Classification (G51) the organization is classified as: Arthritis, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 04/2020, 1st Rate 2nd Hand Thrift Inc employed 6 individuals. 1st Rate 2nd Hand Thrift Inc 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 12/2019, 1st Rate 2nd Hand Thrift Inc generated $195.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $223.1k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A SOURCE OF SUSTAINABLE FUNDING TO LOCAL 501(C)(3) ORGANIZATIONS IN OUR COMMUNITY. TO PROVIDE A PLACE FOR CITIZENS TO RECYCLE AND REUSE HOUSEHOLD ITEMS.
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O.
8 JEWISH NON-PROFIT AGENCIES AND SYNAGOGUES WERE PRESENTED CHECKS THAT TOTALED $4,987. THE AMOUNT OF THE CONTRIBUTION TO EACH AGENCY WAS BASED ON THE DONATIONS RECEIVED BY AND THE HOURS VOLUNTEERED BY THEIR CONSTITUENTS. THOSE AGENCIES SERVE RELIGIOUS, SPIRITUAL, SOCIAL, MEDICAL AND RECREATIONAL NEEDS IN OUR COMMUNITY. THOSE NON-PROFITS INCLUDE THE JEWISH COMMUNITY FOUNDATION OF SOUTHERN ARIZONA, HADASSAH SOUTHERN ARIZONA, TUCSON JEWISH COMMUNITY CENTER, CHABAD OF TUCSON, CONGREGATION ANSHEI ISRAEL, JEWISH FEDERATION OF SOUTHERN ARIZONA - LGBT, JEWISH FEDERATION OF SOUTHERN ARIZONA - NORTHWEST AND THE BNAI BRITH COVENANT HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robyn Schwager Co-Chair | 2 | $0 | |
Jami Gan Secretary | 1 | $0 | |
Brian Olswing Treasurer | 8 | $0 | |
Andie Cohn Co-Chair | 3 | $0 | |
Cathy Olswing Director | 6 | $0 | |
Thom Carchedi Director | Trustee | 1 | $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 | $200,106 |
| Noncash contributions included in lines 1a–1f | $199,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,106 |
| Total Program Service Revenue | $0 |
| 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 | -$4,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $195,336 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,987 |
| 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 | $97,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,155 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $425 |
| Office expenses | $1,929 |
| Information technology | $83 |
| Royalties | $0 |
| Occupancy | $90,167 |
| 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 | $0 |
| Insurance | $6,008 |
| All other expenses | $611 |
| Total functional expenses | $223,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,088 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,681 |
| Total assets | $31,769 |
| Accounts payable and accrued expenses | $1,464 |
| 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 | $0 |
| Total liabilities | $1,464 |
| Net assets without donor restrictions | $30,305 |
| 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 | $31,769 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Disk Equipment And Materials Association Plumas Lake, CA | $504,278 | $750,003 |
Hand Therapy Certification Commission Inc Sacramento, CA | $1,932,498 | $1,074,091 |
Deming Helping Hand Inc Deming, NM | $144,344 | $248,213 |
1st Rate 2nd Hand Thrift Inc Tucson, AZ | $31,769 | $195,336 |
The Right Hand Foundation Los Altos, CA | $1,783,188 | $274,469 |
Welcome Hand Murray, UT | $19,683 | $0 |
Hip Sen Benevolent Association Daly City, CA | $3,455,020 | $229,714 |
Cancer Research And Treatment Institute Glendale, AZ | $19,804 | $83,184 |
Frances M Hamburger Phd Institute For Community Rheumatolo Los Angeles, CA | $302,167 | $56,606 |
Sierra Arthritis Foundation Irvine, CA | $4,706 | $14 |