3 Way Thrift Store Inc
- Assets
- $4.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 16
- Location
- Chino, CA
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 33-0595633
Organization Overview
3 Way Thrift Store Inc is located in Chino, CA. The organization was established in 1994. 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, 3 Way Thrift Store Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 3 Way Thrift Store 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 12/2023, 3 Way Thrift Store Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $4.4m during the year ending 12/2023. While expenses have increased by 6.7% 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
OPERATE THRIFT STORES TO RAISE FUNDS TO SUPPORT OTHER 501(C)3 ORGANIZATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED 2 THRIFT STORES TO RAISE AND DISTRIBUTE PROCEEDS OF OPERATIONS TO OTHER NON-PROFIT ORGANIZATIONS. DURING 2023 $585,000 WAS DISTRIBUTED TO OTHER NON-PROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean Mesman Board Member | Trustee | 2 | $0 |
Carla Kleinjan Board Member | Trustee | 2 | $0 |
Dave Slager Board Member | Trustee | 2 | $0 |
Brent Westra Board Member | Trustee | 2 | $0 |
Jeff Jarvis Board Member | Trustee | 2 | $0 |
Mark Ligtenberg President | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Options Staffing Solutions Staffing Agency | 12/30/23 | $313,308 |
Inland Staffing Inc Staffing Agency | 12/30/23 | $1,835,277 |
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 | $4,583,339 |
| Noncash contributions included in lines 1a–1f | $4,583,074 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,583,339 |
| Total Program Service Revenue | $0 |
| Investment income | $15,845 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $42,406 |
| Net Gain/Loss on Asset Sales | $21,134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $925 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,675,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $585,000 |
| 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 | $666,999 |
| Pension plan accruals and contributions | $12,932 |
| Other employee benefits | $27,512 |
| Payroll taxes | $56,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $49,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,157,835 |
| Advertising and promotion | $31,983 |
| Office expenses | $23,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $323,909 |
| 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 | $106,539 |
| Insurance | $115,803 |
| All other expenses | $27,278 |
| Total functional expenses | $4,411,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,412 |
| Savings and temporary cash investments | $1,374,078 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $632 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,000 |
| Prepaid expenses and deferred charges | $26,239 |
| Net Land, buildings, and equipment | $2,984,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,923 |
| Total assets | $4,678,880 |
| Accounts payable and accrued expenses | $181,868 |
| 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 | $0 |
| Total liabilities | $181,868 |
| 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 | $2,984,596 |
| Retained earnings, endowment, accumulated income, or other funds | $1,512,416 |
| Total liabilities and net assets/fund balances | $4,678,880 |
Grants Awarded
Over the last fiscal year, 3 Way Thrift Store Inc has awarded $585,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
INLAND CHRISTIAN HOME INC PURPOSE: General Support of Organization | $195,000 |
ONTARIO CHRISTIAN SCHOOL ASSOCIATIO PURPOSE: General Support of Organization | $195,000 |
SALEM CHRISTIAN HOMES INC PURPOSE: General Support of Organization | $195,000 |