Park Avenue Thrift Inc
- Assets
- $1.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 52
- Location
- Enid, OK
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 36-4607818
Organization Overview
Park Avenue Thrift Inc, operating under the name Park Avenue Thrift, is located in Enid, OK. The organization was established in 2008. 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 12/2021, Park Avenue Thrift employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Park Avenue Thrift 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 12/2021, Park Avenue Thrift generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 0.2% per year over the past 7 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.
Since 2014, Park Avenue Thrift has awarded 100 individual grants totaling $1,850,378. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
STRENGTHENING THE ENID COMMUNITY AND SERVING OTHERS BY COLLECTION DONATIONS, RUNNING A TOP-NOTCH THRIFT STORE, AND GIVING THE PROCEEDS TO ENID NONPROFITS THAT INVEST INQUALITY-OF-LIFE INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARK AVENUE THRIFT - THIS THRIFT STORE PROVIDES CLOTHING, FURNITURE AND HOUSEHOLD GOODS THE THE STORE PATRONS. THE ITEMS ARE DONATED TO THE STORE FROM THE COMMUNITY AND SURROUNDING AREAS AND SOLD AT BARGAIN PRICES. ONE HUNDRED PERCENT OF THE PROFITS FROM THE OPERATIONS OF THE THRIFT STORE ARE DONATED BACK TO THE COMMUNITY THROUGH GRANTS TO 501(C)3 ENTITIES, CHURCHES AND OTHER COMMUNITY ORGANIZATIONS WHICH ENHANCE THE QUALITY OF LIFE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Grothe Treasurer | OfficerTrustee | 3 | $0 |
Anita Luetkeymeyer Chairman | OfficerTrustee | 1 | $0 |
Nancy Roeming Vice Chairman | OfficerTrustee | 1 | $0 |
Andrew Long Chairman | OfficerTrustee | 1 | $0 |
Elizabeth Cummins Director | OfficerTrustee | 1 | $0 |
Marianne Gray Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,745,731 |
| Investment income | $3,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,759,306 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $379,697 |
| 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. | $60,216 |
| Compensation of current officers, directors, key employees. | $60,216 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $592,114 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,095 |
| Payroll taxes | $63,402 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $624 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,861 |
| Office expenses | $3,440 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,000 |
| 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 | $22,671 |
| Insurance | $11,668 |
| All other expenses | $45,118 |
| Total functional expenses | $1,348,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,702 |
| Savings and temporary cash investments | $639,954 |
| 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 | $179,127 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,268,783 |
| Accounts payable and accrued expenses | $0 |
| 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 | $5,732 |
| Other liabilities | $72,893 |
| Total liabilities | $78,625 |
| 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 | $1,190,158 |
| Total liabilities and net assets/fund balances | $1,268,783 |
Grants Awarded
Over the last fiscal year, Park Avenue Thrift Inc has awarded $369,247 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
LEONARDOS PURPOSE: PROGRAM COSTS | $45,353 |
MAIN STREET ENID PURPOSE: MATCHING GRANTS | $44,000 |
Enid, OK PURPOSE: FUND PERFORMANCES | $40,750 |
GASLIGHT THEATER PURPOSE: PROJECT COSTS | $30,650 |
VARIOUS GROUPS PURPOSE: OPERATING AND PROGRAM COSTS | $23,258 |
SPCA PURPOSE: GENERAL OPERATING COSTS | $21,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Katy Christian Ministries Katy, TX | $4,711,078 | $7,821,438 |
Grapevine Relief And Community Exchange Grapevine, TX | $9,467,180 | $5,097,356 |
Vail Valley Cares Inc Edwards, CO | $3,973,147 | $3,753,850 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Big Brothers Big Sisters Of Central New Mexico Donation Center Inc Albuquerque, NM | $1,509,034 | $2,745,299 |
St Vincent De Paul Society Archdiocese Of Santa Fe Albuquerque, NM | $3,073,057 | $2,711,776 |
St Vincent De Paul Thrift Store Of Dallas Dallas, TX | $3,458,892 | $2,819,695 |
Mission Central Metroplex Inc Hurst, TX | $299,139 | $1,574,476 |
Adelante Thrift Inc Kansas City, KS | $255,188 | $1,547,974 |
Park Avenue Thrift Inc Enid, OK | $1,268,783 | $1,759,306 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |
Et Cetera Shop Inc Weatherford, OK | $754,713 | $935,275 |