Re-Use-It Thrift Shop
- Assets
- $849.5k
- Revenue
- $577.4k
- Investments
- $0.0
- Employees
- 21
- Location
- Perham, MN
- Founding
- 03/2012
- Data as of
- 12/2023
- EIN
- 27-5413279
Organization Overview
Re-Use-It Thrift Shop is located in Perham, 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. As of 12/2023, Re-Use-It Thrift Shop employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Re-Use-It Thrift Shop 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 12/2023, Re-Use-It Thrift Shop generated $577.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $591.5k during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THRIFT SHOP THAT RECEIVES DONATED HOUSEHOLD ITEMS. THE ORGANIZATION WAS FORMED TO FINANCIALLY ASSIST THE BOYS & GIRLS CLUB OF PERHAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME RECEIVED FROM THE SALE OF DONATED ITEMS.
SEE OTHER DESCRIPTIONS FOR EXPENSE
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zach Fjestad President | Officer | $0 | |
Paul Sturdevant Vice Preside | Officer | $0 | |
Wayne Mickelson Treasurer | Officer | $0 | |
Kitty Krueger Secretary | Trustee | $0 | |
Tim Birkeland Board Memebe | Trustee | $0 | |
Mark Raby Board Member | Trustee | $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 | $3,559 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,559 |
| Total Program Service Revenue | $573,398 |
| Investment income | $842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$410 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $577,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $93,380 |
| 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 | $303,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,149 |
| Payroll taxes | $46,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,168 |
| Advertising and promotion | $2,347 |
| Office expenses | $72,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $997 |
| Interest | $1,983 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,475 |
| Insurance | $15,702 |
| All other expenses | $0 |
| Total functional expenses | $591,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $122,148 |
| 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 | $12,338 |
| Net Land, buildings, and equipment | $713,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $849,538 |
| Accounts payable and accrued expenses | $6,881 |
| 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 | -$357 |
| Total liabilities | $6,524 |
| Net assets without donor restrictions | $843,014 |
| 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 | $849,538 |