Thrifty Sisters
- Assets
- $837.3k
- Revenue
- $943.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Richmond, VA
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 46-0695428
Organization Overview
Thrifty Sisters is located in Richmond, VA. 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 12/2023, Thrifty Sisters employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrifty Sisters 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, Thrifty Sisters generated $943.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $975.7k during the year ending 12/2023. While expenses have increased by 14.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THRIFTY SISTERS IS TO CONSCIENTIOUSLY SUSTAIN A THRIFT STORE POWERED BY VOLUNTEERS TO SUPPORT SAINT FRANCIS - MANCHESTER AN ASSISTED LIVING COMMUNITY PROVIDING AN AFFORDABLE, LOVING HOME AND QUALITY ASSISTED CARE FOR OLDER ADULTS WHO HAVE LIMITED FINANCIAL MEANS. WE PROVIDE A PLATFORM FOR OUR DONORS, VOLUNTEERS AND SHOPPERS TO PAY IT FORWARD BY SELLING DONATED AND CURATED SECONDHAND MERCHANDISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AND SUSTAIN A THRIFT STORE STAFFED BY VOLUNTEERS TO HELP IN PROVIDING QUALITY ASSISTED CARE FOR OLDER ADULTS OF LIMITED FINANCIAL MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Binns Executive Di | OfficerTrustee | 40 | $88,250 |
Tanya Orr Bird Treasurer | OfficerTrustee | 1 | $0 |
Siobhan Dunnavant Director | Trustee | 1 | $0 |
Shannon Garbett Director | Trustee | 1 | $0 |
Sean Gibbons Director | Trustee | 1 | $0 |
Mike Grappone Director | 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 | $932,478 |
| Noncash contributions included in lines 1a–1f | $923,433 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $932,478 |
| Total Program Service Revenue | $0 |
| Investment income | $11,281 |
| 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 | $943,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,000 |
| 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. | $88,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $43,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,071 |
| 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 | $7,845 |
| Advertising and promotion | $19,367 |
| Office expenses | $1,764 |
| Information technology | $2,959 |
| Royalties | $0 |
| Occupancy | $144,351 |
| 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 | $2,041 |
| Insurance | $6,923 |
| All other expenses | $8,348 |
| Total functional expenses | $975,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,349 |
| Savings and temporary cash investments | $534,583 |
| 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 | $30,000 |
| Prepaid expenses and deferred charges | $3,025 |
| Net Land, buildings, and equipment | $4,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $837,263 |
| Accounts payable and accrued expenses | $181,519 |
| 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 | $181,519 |
| Net assets without donor restrictions | $655,744 |
| 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 | $837,263 |