Wels Bargain Center Inc
- Assets
- $34.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-3008329
Organization Overview
Wels Bargain Center Inc is located in Milwaukee, WI. The organization was established in 2010. 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. Wels Bargain Center 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 12/2022, Wels Bargain Center Inc generated $129.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $135.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
WELS BARGAIN CENTER INC. COLLECTED DONATED CLOTHING AND HOUSEHOLD ITEMS AND SOLD THEM AT ONE RETAIL STORE. AFTER PAYING 34,599 IN VARIOUS ADMINISTRATIVE EXPENSES, WELS DISTRIBUTED 96,692 TO VARIOUS CHARITABLE ORGANIZATIONS, ALL AFFILIATED WITH THE WISCONSIN EVANGELICAL LUTHERAN SYNOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Southern Director | 1 | $0 | |
Adam Sipe Director/sec | 4 | $0 | |
Sue Skorik Director | 1 | $0 | |
Tony Mertes Director/tre | 4 | $0 | |
Debra Mertes Director | 15 | $0 | |
Jo Wilken Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $129,621 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $129,637 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $606 |
| Occupancy, rent, utilities, and maintenance | $28,684 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,598 |
| Total expenses | $135,580 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,861 |
| Other assets | $0 |
| Total assets | $34,861 |
| Total liabilities | $0 |
| Net assets or fund balances | $34,861 |
Grants Awarded
Over the last fiscal year, Wels Bargain Center Inc has awarded $84,810 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
WISCONSIN LUTHERAN HIGH SCHOOL PURPOSE: SCHOLARSHIPS | $15,734 |
WISCONSIN LUTHERAN COLLEGE PURPOSE: SCHOLARSHIPS | $15,734 |
WLC&FS INC PURPOSE: GEN ASSISTAN | $15,734 |
WISC LUTH INST MINISTRIES PURPOSE: GEN ASSISTAN | $15,734 |
WELS LUTHERANS FOR LIFE PURPOSE: GEN ASSISTAN | $2,000 |
MILWAUKEE CAMPUS MINISTRIES PURPOSE: GEN ASSISTAN | $15,374 |