Ten Thousand Villages
- Assets
- $15.5m
- Revenue
- $11.9m
- Investments
- $0.0
- Employees
- 240
- Location
- Akron, PA
- Founding
- 07/2000
- Data as of
- 03/2022
- EIN
- 31-1690588
Organization Overview
Ten Thousand Villages is located in Akron, PA. The organization was established in 2000. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 03/2023, Ten Thousand Villages employed 240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ten Thousand Villages 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 03/2022, Ten Thousand Villages generated $11.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $10.2m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 8 years. 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
TO CREATE OPPORTUNITIES FOR ARTISANS IN DEVELOPING COUNTRIES TO EARN INCOME BY BRINGING THEIR PRODUCTS AND STORIES TO OUR MARKETS THROUGH LONG-TERM, FAIR TRADING RELATIONSHIPS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURNISHING MATERIALS, FACILITATING THE IMPORT, MARKETING, AND SALES OF PRODUCTS OF IMPOVERISHED AND DISADVANTAGED PEOPLE IN DEVELOPING COUNTRIES, PRIMARILY THROUGH INDEPENDENT RETAIL STORES AND TEN THOUSAND VILLAGES-OWNED NON-PROFIT SHOPS. THE ORGANIZATION OPERATES 12 RETAIL LOCATIONS AND 34 CONTRACT RETAIL LOCATIONS. THE COMPANY STRIVES TO IMPROVE THE LIVELIHOOD OF TENS OF THOUSANDS OF DISADVANTAGED ARTISANS EMPLOYED BY 69 ARTISAN GROUPS LOCATED IN 23 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Warfel Director Of | Officer | 40 | $92,083 |
Dan Alonso CEO | Officer | 40 | $93,766 |
Ron Byler Director | Trustee | 2 | $0 |
Ed Diller Chair | OfficerTrustee | 2 | $0 |
Llenay Ferretti Director | Trustee | 2 | $0 |
Mark Graber Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,039,359 |
| Investment income | $493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,126 |
| 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 | $9,822,978 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,862,982 |
| Statement of Expenses | |
|---|---|
| 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. | $202,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,747,805 |
| Pension plan accruals and contributions | $73,523 |
| Other employee benefits | $1,028,472 |
| Payroll taxes | $314,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,370 |
| Fees for services: Accounting | $43,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $312,082 |
| Advertising and promotion | $562,473 |
| Office expenses | $586,098 |
| Information technology | $304,435 |
| Royalties | $0 |
| Occupancy | $1,352,323 |
| Travel | $20,314 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,904 |
| Interest | $277,335 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467,844 |
| Insurance | $117,039 |
| All other expenses | $0 |
| Total functional expenses | $10,227,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,503,015 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,000 |
| Inventories for sale or use | $3,849,232 |
| Prepaid expenses and deferred charges | $339,093 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,504,777 |
| Total assets | $15,464,572 |
| Accounts payable and accrued expenses | $958,880 |
| 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 | $25,000 |
| Secured mortgages and notes payable | $9,729,986 |
| Unsecured mortgages and notes payable | $128,550 |
| Other liabilities | $75,951 |
| Total liabilities | $10,918,367 |
| Net assets without donor restrictions | $3,904,951 |
| Net assets with donor restrictions | $641,254 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $4,546,205 |