Acme Christian Thrift Store & Food Pantry
- Assets
- $651.1k
- Revenue
- $348.3k
- Investments
- $46.7k
- Employees
- 5
- Location
- Traverse City, MI
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 30-0080188
Organization Overview
Acme Christian Thrift Store & Food Pantry, operating under the name Acts Food Pantry, is located in Traverse City, MI. The organization was established in 2002. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2022, Acts Food Pantry employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acts Food Pantry 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, Acts Food Pantry generated $348.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $274.2k during the year ending 12/2022. While expenses have increased by 6.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE OPERATE A THRIFT STORE & FOOD PANTRY WITH MOSTLY VOLUNTEERS. WE HELP THE POOR, HUNGRY, & HOMELESS AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD PANTRY - THE AVERAGE FAMILY BENEFITING HAS FROM 3 TO 4 INDIVIDUALS & ABOUT 50% ARE SINGLE PARENT FAMILIES. EACH FAMILY RECEIVES ABOUT 40 POUNDS OF FOOD WHICH IS AN ESTIMATED 5 TO 7 DAY, VALUED AT ABOUT $35 PER 20 POUND BAG. IN 2022 WE FED 2,068 FAMILIES, INCLUDING 6,580 INDIVIDUALS, WITH A TOTAL OF 10,340 BAGS OF GROCERIES, WHICH IS ABOUT 206,800 POUNDS OF FOOD, WITH AN ESTIMATED MARKET VALUE OF $361,900. THRIFT STORE & FOOD PANTRY IS OPERATED FROM AN OWNED BUILDING AT 8925 E M-72 WILLIAMSBURG, MI, STORE PHONE 231-938-2990.GUIDELINES FOR ASSISTANCE FROM A.C.T.S. PANTRY: TO QUALIFY FOR FOOD PANTRY ASSISTANCE, THE CLIENT FAMILY MUST MEET FEDERAL POVERTY GUIDELINES AS PUBLISHED ANNUALLY. THE GUIDELINES CAN BE FOUND BY SEARCHING THE INTERNET (CMCS/CAHPG/DEEO). ACTS PANTRY USES 200% OF POVERTY AS A QUALIFIER. ELIGIBILITY IS BASED ON THE FINANCIAL SITUATION OF ALL MEMBERS IN A HOUSEHOLD. EVERYONE WHO LIVES TOGETHER AND PURCHASES AND PREPARES FOOD TOGETHER IS CONSIDERED A MEMBER OF THE SAME HOUSEHOLD. VERIFICATION OF INCOME AND INFORMATION REGARDING HOUSING ARRANGEMENTS AND BRIDGE CARD STATUS IS ALSO CONSIDERED. THOSE THAT QUALIFY CAN RECEIVE FOOD AT NO CHARGE FROM ACTS FOOD PANTRY, TO THE EXTENT THAT WE HAVE ADEQUATE SUPPLY AVAILABLE.
THRIFT STORE PROVIDES AFFORDABLE USED HOUSEHOLD GOODS TO NEEDY FAMILIES, WHICH INCLUDES CLOTHING AND BABY SUPPLIES. INVENTORY IS DONATED GOODS. EXCESS CASH FLOW USED TO SUPPORT THE FOOD PANTRY. THRIFT STORE & FOOD PANTRY IS STAFFED MOSTLY BY VOLUNTEERS. THRIFT STORE PAYS ALL EXPENSES OF HAVING A STORE FRONT FROM THRIFT STORE REVENUES. THERE IS NO COST OF GOODS SOLD FOR THRIFT STORE AS MERCHANDISE IS ALL DONATED AT NO COST TO OPERATIONS.
BUILDING FUND WAS USED TO ACQUIRE FIXED ASSETS, INCLUDING REAL ESTATE, FURNITURE, FIXTURES & EQUIPMENT. WE PURCHASED A 6,960 SQUARE BUILDING AT 8925 E M-72, WILLIAMSBURG, MI, IN MAY 2012, AND THEN OPENED THE NEW BUILDING UP FOR SERVICE ON OCTOBER 1, 2012. MUCH OF THE LABOR WAS DONATED BY VOLUNTEERS. LATE 2017 WE STARTED CONSTRUCTION OF AN 1,800 SQUARE FOOT ADDITION, WHICH WAS COMPLETED OCTOBER, 2018. THIS BRINGS THE TOTAL SQUARE FOOTAGE OF OUR BUILDING TO 8,760 SQUARE FEET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Chenoweth President | OfficerTrustee | 3 | $0 |
Sheryl Boucher Board Member | Trustee | 8 | $0 |
Lawrence H Avery Secretary | OfficerTrustee | 2 | $0 |
Lawrence E Williams Treasurer | OfficerTrustee | 5 | $0 |
Carol J Hockin Director Of Operations | Trustee | 45 | $0 |
Carolyn Synol Board Member | Trustee | 3 | $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 | $148,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,960 |
| Total Program Service Revenue | $0 |
| Investment income | -$3,262 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $202,798 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $47,427 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,755 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,452 |
| Payroll taxes | $7,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,247 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,443 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,911 |
| Insurance | $6,033 |
| All other expenses | $1,778 |
| Total functional expenses | $274,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,159 |
| Savings and temporary cash investments | $5,024 |
| 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 | $564,177 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $46,735 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $651,095 |
| Accounts payable and accrued expenses | $540 |
| 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 | $11,837 |
| Total liabilities | $12,377 |
| Net assets without donor restrictions | $0 |
| 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 | $638,718 |
| Total liabilities and net assets/fund balances | $651,095 |