Boys & Girls Club Thrift Store Of Detroit Lakes
- Assets
- $4.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit Lakes, MN
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 27-2588560
Organization Overview
Boys & Girls Club Thrift Store Of Detroit Lakes is located in Detroit Lakes, MN. The organization was established in 2012. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, 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. Boys & Girls Club Thrift Store Of Detroit Lakes 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, Boys & Girls Club Thrift Store Of Detroit Lakes generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 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 2014, Boys & Girls Club Thrift Store Of Detroit Lakes has awarded 13 individual grants totaling $3,742,640. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDING FOR PROGRAMS & ACTIVITIES FOR THE BOYS & GIRLS CLUB OF DETROIT LAKES WHOSE MISSION IS TO PROVIDE A SAFE, CARING CLUB WHERE YOUTH LEARN DIGNITY, RESPECT, AND GET AN OPPORTUNITY TO LEARN RESPONSIBILITY IN A DIVERSE SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORES PROVIDE CLOTHING, HOUSEHOLD AND FOOD ITEMS TO GENERAL PUBLIC AT MODEST PRICES; PROVIDES FUNDING FOR PROGRAMS AT THE BOYS & GIRLS CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicolas Stickler Store Manager | 40 | $103,208 | |
Scott Busker Director | Trustee | 1 | $0 |
Sandy Gunderson Director | Trustee | 1 | $0 |
Gaylen Weisenburger Director | Trustee | 2 | $0 |
John Kerzman Director | Trustee | 1 | $0 |
Ron Mueller 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 | $2,439,599 |
| Noncash contributions included in lines 1a–1f | $2,409,005 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,439,599 |
| Total Program Service Revenue | $667 |
| Investment income | -$18,721 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $428,062 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,848,011 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $492,724 |
| 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. | $111,937 |
| Compensation of current officers, directors, key employees. | $111,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,048,641 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,850 |
| Fees for services: Accounting | $40,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36,879 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $81,961 |
| 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 | $80,021 |
| Insurance | $28,463 |
| All other expenses | $55,884 |
| Total functional expenses | $2,233,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $913 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $311,067 |
| Prepaid expenses and deferred charges | $117,044 |
| Net Land, buildings, and equipment | $2,619,734 |
| Investments—publicly traded securities | $524,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,749 |
| Total assets | $4,038,538 |
| Accounts payable and accrued expenses | $142,797 |
| Grants payable | $0 |
| Deferred revenue | $2,387 |
| 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 | $32,749 |
| Total liabilities | $177,933 |
| Net assets without donor restrictions | $3,860,605 |
| 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 | $4,038,538 |
Grants Awarded
Over the last fiscal year, Boys & Girls Club Thrift Store Of Detroit Lakes has awarded $418,657 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB ENDOWMENT | | | $126,000 |
BOYS & GIRLS CLUB OF DL PURPOSE: OPERATION OF CLUB PROGRAMS | $292,657 |