Portage Resale Center
- Assets
- $209.4k
- Revenue
- $531.1k
- Investments
- $0.0
- Employees
- 10
- Location
- Port Clinton, OH
- Founding
- 03/2012
- Data as of
- 12/2021
- EIN
- 45-2727161
Organization Overview
Portage Resale Center is located in Port Clinton, OH. The organization was established in 2012. 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, Portage Resale Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Portage Resale Center 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, Portage Resale Center generated $531.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $516.3k during the year ending 12/2021. While expenses have increased by 13.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A THRIFT STORE FOR THE ADVANCEMENT OF CHARITY AND FOR OTHER CHARITABLE PURPOSES, BY THE DISTRIBUTION OF ITS FUNDS FOR THOSE PURPOSES, AND PARTICULARLY FOR SEVERAL CHARITABLE AGENCIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A THRIFT STORE FOR THE ADVANCEMENT OF CHARITY AND FOR OTHER CHARITABLE PURPOSES, BY THE DISTRIBUTION OF ITS FUNDS FOR THOSE PURPOSES, AND PARTICULARLY FOR SEVERAL CHARITABLE AGENCIES.
TO OPERATE A THRIFT STORE FOR THE ADVANCEMENT OF CHARITY AND FOR OTHER CHARITABLE PURPOSES, BY THE DISTRIBUTION OF ITS FUNDS FOR THOSE PURPOSES, AND PARTICULARLY FOR SEVERAL CHARITABLE AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Whitfield Treasurer | Officer | $0 | |
Carrie Sanchez Director | Trustee | $0 | |
Mark Stahl Director | Trustee | $0 | |
Linda J Snyder President | Trustee | $0 | |
Heather Stouffer Vice Preside | Trustee | $0 | |
Mary Coffee Director | Trustee | $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 | $25,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,019 |
| Total Program Service Revenue | $456,167 |
| Investment income | $0 |
| 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 | $531,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $117,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,494 |
| Payroll taxes | $13,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,225 |
| Advertising and promotion | $796 |
| Office expenses | $2,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,986 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,572 |
| Insurance | $7,146 |
| All other expenses | $925 |
| Total functional expenses | $516,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,943 |
| Savings and temporary cash investments | $0 |
| 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 | $101,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $209,359 |
| 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 | $65,814 |
| Other liabilities | $2,494 |
| Total liabilities | $68,308 |
| Net assets without donor restrictions | $141,051 |
| 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 | $209,359 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Aid Inc Mechanicsburg, PA | $17,361,650 | $17,026,124 |
Bibles For Missionsthrift Centers Hudsonville, MI | $8,979,517 | $6,480,350 |
Good Stuff Thrift Inc Doylestown, PA | $2,101,495 | $5,010,177 |
Care & Share Shoppes Inc Souderton, PA | $2,058,352 | $4,451,061 |
Ephrata Re-Uzit Stores Ephrata, PA | $6,311,109 | $3,655,215 |
Ten Up Ministries Thrift Store Scott Depot, WV | $2,455,437 | $3,085,165 |
Lexington Rescue Mission Inc Lexington, KY | $3,687,691 | $2,773,150 |
Abilities Richmond Richmond, IN | $210,319 | $2,452,026 |
Society Of St Vincent De Paul Diocesan Council Of Lafayette Noblesville, IN | $1,377,536 | $1,591,122 |
Philadelphia Aids Thrift Philadelphia, PA | $1,958,783 | $1,805,972 |
The Re Uzit Shop Of New Holland Inc New Holland, PA | $2,326,308 | $1,999,699 |
Fort Wayne Society Of St Vincent Depaul Inc Fort Wayne, IN | $1,872,143 | $1,538,116 |