New Life Thrift Store

Organization Overview

New Life Thrift Store is located in Wyoming, MI. The organization was established in 2017. 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 07/2021, New Life Thrift Store employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Life Thrift Store 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 07/2021, New Life Thrift Store generated $362.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $369.5k during the year ending 07/2021. While expenses have increased by 2.9% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SALES PROCEEDS FROM DONATED GOODS HELP LOWER TUITION AT THE SOUTH SUBURBAN CHRISTIAN SCHOOLS

Describe the Organization's Program Activity:

Part 3 - Line 4a

OUR GOAL IS TO USE OUR SALES PROCEEDS TO EASE THE TUITION BURDEN FOR ALL FAMILIES WHO DESIRE A CHRISTIAN EDUCATION FOR THEIR CHILDREN AT OUR SCHOOLS. THE MONIES AWARDED WERE USED TO DIRECTLY REDUCE EXPENSES OR BE DISBURSED TO FAMILIES WHO QUALIFY FOR EXTRA TUITION ASSISTANCE. REVENUE REPORTED HERE IS NET SALES OF INVENTORY.


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Board, Officers & Key Employees

Name (title)Compensation
Maelia J Post
Treasurer
$0
James Heyboer
President
$0
Jerry Tebos
Vice President
$0
Nicole Scott
Secretary
$0
Leo Vanderhorst
Director
$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$358,166
Noncash contributions included in lines 1a–1f $355,920
Total Revenue from Contributions, Gifts, Grants & Similar$358,166
Total Program Service Revenue$0
Investment income $86
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 $4,304
Miscellaneous Revenue$0
Total Revenue $362,556

Grants Awarded

Over the last fiscal year, New Life Thrift Store has awarded $183,780 in support to 5 organizations.

Grant RecipientAmount

SOUTH CHRISTIAN HIGH SCHOO

Org PageRecipient Profile

Byron Center, MI

PURPOSE: TUITION REDUCTION

$56,880

DUTTON CHRISTIAN SCHOOL

Org PageRecipient Profile

Caledonia, MI

PURPOSE: TUITION REDUCTION

$47,340

THE SOCIETY FOR CHRISTIAN

Org PageRecipient Profile

Byron Center, MI

PURPOSE: TUITION REDUCTION

$35,910

LEGACY CHRISTIAN SCHOOL

Org PageRecipient Profile

Grand Rapids, MI

PURPOSE: TUITION REDUCTION

$23,130

MOLINE CHRISTIAN SCHOOL

Org PageRecipient Profile

Moline, MI

PURPOSE: TUITION REDUCTION

$20,520
View Grant Profile

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