Shalom Thrift Shop Inc
- Assets
- $1.6m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MN
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 41-1472668
Organization Overview
Shalom Thrift Shop Inc is located in Cambridge, MN. The organization was established in 2009. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shalom Thrift Shop 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, Shalom Thrift Shop Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $841.6k during the year ending 12/2023. While expenses have increased by 10.3% per year over the past 8 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, Shalom Thrift Shop Inc has awarded 160 individual grants totaling $2,841,146. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISE FUNDS FOR DISTRIBUTION TO OTHER NON-PROFIT ORGANIZATIONS WHO ASSIST THOSE WITHIN THE COMMUNITY IN NEED OF EMERGENCY FOOD, SHELTER, CLOTHING OR OTHER BASIC HUMAN NEEDS. FUNDS ARE RAISED THROUGH THE SALE OF MERCHANDISE DONATED FROM THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRIBUTED $633,992 TO AREA CHURCHES AND NON-PROFITS TO ASSIST AREA FAMILIES WITH FOOD, CLOTHING, TEMPORARY HOUSING AND BASIS LIVING EXPENSES ALONG WITH PROVIDING INFORMATION FOR FAMILIES DEALING WITH CANCER AND A SENIOR CITIZEN CENTER. ORGANIZATIONS RECEIVING GRANTS ARE REQUIRED TO PROVIDE AN ACCOUNTING ON THE GRANTS WERE USED TO ENSURE COMPLIANCE WITH SHALOM'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Richardson Facilities Mgr | Trustee | 35 | $0 |
Pat Boser Volunteer Coord | Trustee | 8 | $0 |
Karen Anderson President | Officer | 16 | $0 |
Mary Moline Vice President | Officer | 10 | $0 |
Ruth Brende Secretary | Officer | 10 | $0 |
Carol Chapman Treasurer | Officer | 30 | $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 | $1,027,603 |
| Noncash contributions included in lines 1a–1f | $1,014,366 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,027,603 |
| Total Program Service Revenue | $0 |
| Investment income | $296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $500 |
| 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 | $1,029,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $633,992 |
| 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 | $4,398 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,973 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,081 |
| Insurance | $16,689 |
| All other expenses | $3,619 |
| Total functional expenses | $841,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,807 |
| Savings and temporary cash investments | $206,375 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,094 |
| 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 | $1,056,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,591,469 |
| 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 | $373,167 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,103 |
| Total liabilities | $378,270 |
| Net assets without donor restrictions | $1,213,199 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,591,469 |
Grants Awarded
Over the last fiscal year, Shalom Thrift Shop Inc has awarded $605,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
CALVERY LUTHERAN PURPOSE: ASSIST NEEDY | $13,200 |
CAMBRIDGE FOOD PANTRY PURPOSE: FOOD DISTRIBUTION | $36,000 |
CAMBRIDGE LUTHERAN CHURCH PURPOSE: ASSIST NEEDY | $14,400 |
CAMBRIDGE SURPLUS FOOD DISTRI PURPOSE: FOOD DISTRIBUTION | $24,000 |
CHRIST THE KING CATHOLIC CHUR PURPOSE: ASSIST NEEDY | $14,400 |
CROSS POINT CHURCH PURPOSE: ASSIST NEEDY | $14,400 |