Worthwhile Wear Inc
- Assets
- $991.2k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 94
- Location
- Silverdale, PA
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 45-5081795
Organization Overview
Worthwhile Wear Inc is located in Silverdale, PA. The organization was established in 2012. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Worthwhile Wear Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worthwhile Wear 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 12/2022, Worthwhile Wear Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 17.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WORTHWHILE WEAR EXISTS TO REACH AND RESTORE WOMEN THAT HAVE BEEN AFFECTED BY HUMAN TRAFFICKING, BOTH LABOR AND SEX TRAFFICKING, BY PROVIDING THEM WITH COMPREHENSIVE CARE, WHICH INCLUDES HOUSING, EMPLOYMENT, COUNSELING, AND VARIOUS OTHER SERVICES. THIS HOLISTIC CARE APPROACH PRESENTS THE WOMEN WITH THE BEST OPPORTUNITY TO HEAL FROM THE SIGNIFICANT TRAUMA THAT THEY HAVE EXPERIENCED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SELLS MERCHANDISE PRODUCED FROM ITS OVERSEAS VOCATIONAL TRAINING AND EMPLOYMENT CONTRACTS AS WELL AS ITEMS CRAFTED BY PARTICIPANTS IN ORGANIZATIONS THAT HAVE A SIMILAR MISSION. THEY ALSO COLLECT DONATED CLOTHING AND HOUSEHOLD GOODS. THE GOODS ARE SOLD THROUGH THE ORGANIZATION'S THRIFT STORES LOCATED IN BUCKS AND MONTGOMERY COUNTY, PENNSYLVANIA. THE THRIFT STORES ARE OPERATED TO SUPPORT THE ORGANIZATION'S PROGRAMS. ADDITIONALLY, WORTHWHILE WEAR IS ABLE TO OFFER EMPLOYMENT TO WOMEN ENROLLED IN THE WELL HOUSING PROGRAM BY EMPLOYING THEM IN THE THRIFT STORE. WORTHWHILE WEAR OPENED UP A SECOND THRIFT STORE LOCATION IN 2022 IN COLLEGEVILLE, PA.
THE WELL IS A HOME LOCATED IN BUCKS COUNTY ESTABLISHED TO PROVIDE HOUSING TO ASSIST TRAFFICKING SURVIVORS, BOTH SEX AND LABOR TRAFFICKING, TO COPE WITH THEIR PAST AND PREPARE FOR THEIR FUTURE THROUGH EDUCATION, EMPLOYMENT, AND HOUSING ASSISTANCE. THE PROGRAM PROVIDES HOUSING FOR UP TO TWO YEARS AT NO COST TO THE RECIPIENT.THE WELL PROGRAM EXPANDED IN 2022 BY OPENING UP MELENY'S HOUSE WHICH PROVIDES APARTMENT STYLE LIVING TO WOMEN IN THE LEADERSHIP PHASE OF THE WELL PROGRAM.
WORTH-IT IS ANOTHER PROGRAM FOR SURVIVORS OF SEXUAL EXPLOITATION. IT IS DESIGNED TO CONNECT PARTICIPANTS TO AREA SERVICE PROVIDORS THAT CAN MEET THEIR SPECIALIZED NEEDS AND EDUCATE THEM ABOUT THE LEGAL ISSUES PERTAINING TO THEIR SITUATIONS. WORTH-IT RUNS IN VARIOUS LOCATIONS AND IS OFFERED AS A MULTI-WEEK PROGRAM SEVERAL TIMES EACH YEAR. WOMEN WHO COMPLETE THE WORTH-IT PROGRAM ALSO HAVE THE OOPRTUNITY TO APPLY TO THE WELL HOUSING PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Loux Board Member | Trustee | 1 | $0 |
Dan Crissman Board Member | Trustee | 1 | $0 |
Erik Kratz Board Member | Trustee | 1 | $0 |
Leah Triola Board Member | Trustee | 1 | $0 |
John Wahlers Board Chair | OfficerTrustee | 1 | $0 |
Stacey Delong Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $286,504 |
| Related organizations | $0 |
| Government grants | $24,004 |
| All other contributions, gifts, grants, and similar amounts not included above | $667,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $978,256 |
| Total Program Service Revenue | $13,850 |
| 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 | $824 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,002,531 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,996,340 |
| 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. | $102,118 |
| Compensation of current officers, directors, key employees. | $30,636 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $842,245 |
| Pension plan accruals and contributions | $1,322 |
| Other employee benefits | $14,155 |
| Payroll taxes | $73,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,629 |
| Advertising and promotion | $8,581 |
| Office expenses | $62,504 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $313,328 |
| Travel | $10,489 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,864 |
| Interest | $3,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,070 |
| Insurance | $41,118 |
| All other expenses | $0 |
| Total functional expenses | $1,636,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,415 |
| Savings and temporary cash investments | $9,938 |
| 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 | $639,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,690 |
| Total assets | $991,246 |
| Accounts payable and accrued expenses | $12,017 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $9,938 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $91,700 |
| Secured mortgages and notes payable | $22,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $136,324 |
| Net assets without donor restrictions | $854,922 |
| 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 | $991,246 |