Thrift Shop Association Of Ann Arbor
- Assets
- $1.0m
- Revenue
- $723.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 07/1945
- Data as of
- 07/2024
- EIN
- 38-6099708
Organization Overview
Thrift Shop Association Of Ann Arbor is located in Ann Arbor, MI. The organization was established in 1945. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrift Shop Association Of Ann Arbor 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 07/2024, Thrift Shop Association Of Ann Arbor generated $723.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $751.0k during the year ending 07/2024. While expenses have increased by 5.3% 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.
Since 2016, Thrift Shop Association Of Ann Arbor has awarded 89 individual grants totaling $1,666,016. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESOURCES TO COVER THE EMERGENCY HOUSING, UTILITY, HEALTH-RELATED AND FOOD INSECURITY NEEDS OF AREA RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1932, THE THRIFT SHOP ASSOCIATION OF ANN ARBOR ANN ARBOR THRIFT SHOP HAS DIRECTLY FILLED THE FINANCIAL GAPS THAT FAMILIES FACE AS THEY STRUGGLE TO BE SAFELY HOUSED OR HAVE HEALTH-RELATED NEEDS IN OUR COMMUNITY. CLIENTS WHO ARE ASSISTED BY THE ANN ARBOR THRIFT SHOP INCLUDE THE WORKING POOR, RECENTLY UNEMPLOYED, AND THOSE STRUGGLING WITH SUBSTANCE ABUSE OR HOMELESSNESS. THE ANN ARBOR THRIFT SHOP PROVIDES GRANTS TO AREA NONPROFIT ORGANIZATIONS WHO HELP THE MOST VULNERABLE IN THE COMMUNITY. THE SOURCE OF FUNDS USED TO MEET THESE EMERGENCY NEEDS COMES FROM THE SALE OF DONATED ITEMS, WHICH ARE COLLECTED, CURATED, AND RESOLD IN A CAREFULLY MANAGED SHOP. THE ANN ARBOR THRIFT SHOP IS RECOGNIZED IN THE COMMUNITY AS A HIGH-QUALITY VENUE TO DONATE, RECYCLE, AND PURCHASE REUSABLE ITEMS. CLOTHING, OUTERWEAR, AND HOUSEHOLD ITEMS ARE ALSO DIRECTLY PROVIDED TO AREA RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bonnie Brickett President | OfficerTrustee | 10 | $0 |
Colleen Spencer President Elect | OfficerTrustee | 10 | $0 |
Jennifer Edwards Treasurer | OfficerTrustee | 15 | $0 |
Laura Conlin Recording Secretary | OfficerTrustee | 3 | $0 |
Mary Beth Eagle Corresponding Secretary | OfficerTrustee | 3 | $0 |
Debbie Bourque Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,718 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,610 |
| Noncash contributions included in lines 1a–1f | $156,003 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,328 |
| Total Program Service Revenue | $0 |
| Investment income | $32,631 |
| 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 | $468,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $723,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $531,077 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,287 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,581 |
| Office expenses | $27,228 |
| Information technology | $6,228 |
| Royalties | $0 |
| Occupancy | $132,031 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,949 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,429 |
| All other expenses | $149 |
| Total functional expenses | $751,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $156,992 |
| 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 | $0 |
| Investments—publicly traded securities | $857,889 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,015,431 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $571,078 |
| Net assets with donor restrictions | $444,353 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,015,431 |
Grants Awarded
Over the last fiscal year, Thrift Shop Association Of Ann Arbor has awarded $529,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
A BRIGHTER WAY PURPOSE: Emergency Aid | $25,000 |
AVALON HOUSING PURPOSE: Emergency Aid | $50,000 |
CATHOLIC SOCIAL SERVICES OF WASHTENAW COUNTY PURPOSE: Emergency Aid | $10,000 |
COMMUNITY ACTION NETWORK PURPOSE: Emergency Aid | $31,000 |
CORNER HEALTH CENTER PURPOSE: Emergency Aid | $24,000 |
DAWN FARM PURPOSE: Emergency Aid | $26,000 |