Depot Outlet Inc
- Assets
- $1.9m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 28
- Location
- Decorah, IA
- Founding
- 11/1974
- Data as of
- 12/2021
- EIN
- 42-1005989
Organization Overview
Depot Outlet Inc is located in Decorah, IA. The organization was established in 1974. 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, Depot Outlet Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Depot Outlet 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 12/2021, Depot Outlet Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 17.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
1.TO ENCOURAGE AND ASSIST GENEROUS AREA RESIDENTS IN RECYCLING THEIR DISCARDED CLOTHING AND SMALL HOUSEHOLD GOODS. 2.TO RECYCLE SUCH CLOTHING AND SMALL HOUSEHOLD GOODS AT LOW PRICES TO AREA CONSUMERS. 3.TO PROVIDE AREA RESIDENTS WITH OPPORTUNITIES TO VOLUNTEER THEIR SERVICES IN THE ORGANIZATION'S RECYCLING EFFORT. 4.TO PROVIDE AREA RESIDENTS WITH OPPORTUNITIES TO TRAIN AND WORK IN THE ORGANIZATION'S RECYCLING EFFORT. 5.TO CONTRIBUTE FUNDS FROM THIS ORGANIZATION'S RECYCLING EFFORT TO COMMUNITY AND CHURCH ORGANIZATIONS THROUGHOUT WINNESHIEK COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USED CLOTHING, BOOKS, & SMALL HOUSEHOLD GOODS DONATED TO THE ORGANIZATION WERE CLEANED SORTED AND SOLD TO FAMILIES IN NEED AT LOW PRICES THROUGH THE COMBINED EFFORTS OF EMPLOYEES, LOCAL CHURCH VOLUNTEERS, AND DONORS.
SMALL GRANTS WERE DISBURSED TO OTHER NON-PROFIT COMMUNITY ORGANIZATIONS BASED UPON REQUESTS RECEIVED AND FUNDS AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Holthaus Former Stor | Officer | 40 | $43,048 |
Mary Marx Vice Preside | OfficerTrustee | 2 | $0 |
Jim Ludeking President | OfficerTrustee | 4 | $0 |
Joanne Huinker Secretary | OfficerTrustee | 2 | $0 |
Carol Thunberg Treasurer | OfficerTrustee | 2 | $0 |
Jim Buzza Member | 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 | $1,028,609 |
| Noncash contributions included in lines 1a–1f | $1,028,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,028,609 |
| Total Program Service Revenue | $1,028,609 |
| Investment income | $4,671 |
| 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 | $2,062,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $235,324 |
| 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. | $49,418 |
| Compensation of current officers, directors, key employees. | $29,651 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $406,402 |
| Pension plan accruals and contributions | $7,156 |
| Other employee benefits | $10,878 |
| Payroll taxes | $35,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $392 |
| Fees for services: Accounting | $17,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,823 |
| Office expenses | $4,062 |
| Information technology | $3,842 |
| Royalties | $0 |
| Occupancy | $26,203 |
| 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 | $30,830 |
| Insurance | $12,659 |
| All other expenses | $2,516 |
| Total functional expenses | $1,906,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,168 |
| Savings and temporary cash investments | $889,671 |
| 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 | $5,081 |
| Net Land, buildings, and equipment | $645,257 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,326 |
| Total assets | $1,906,503 |
| Accounts payable and accrued expenses | $34,087 |
| 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 | $34,087 |
| Net assets without donor restrictions | $1,872,416 |
| 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 | $1,906,503 |
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|---|---|---|
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St Vincent De Paul Society District Council Of Green Bay Green Bay, WI | $6,984,787 | $5,313,113 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Depot Outlet Inc Decorah, IA | $1,906,503 | $2,062,809 |
St Vincent De Paul Council Of Neenah-Menasha Inc Neenah, WI | $2,036,881 | $1,874,816 |
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