Good Stuff Thrift Inc
- Assets
- $2.0m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 209
- Location
- Doylestown, PA
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-0882455
Organization Overview
Good Stuff Thrift Inc is located in Doylestown, PA. The organization was established in 2014. 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, Good Stuff Thrift Inc employed 209 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Good Stuff Thrift 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, Good Stuff Thrift Inc generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $6.6m during the year ending 12/2023. While expenses have increased by 15.0% 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.
Since 2023, Good Stuff Thrift Inc has awarded 14 individual grants totaling $966,500. 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
OUR MISSION IS TO OPERATE THE MOST EFFICIENT THRIFT STORES POSSIBLE IN ORDER TO MAXIMIZE FUNDING TO OUR CHARITIES SO THEY CAN HELP CHILDREN IN OUR COMMUNITY. WE HAVE BEEN BLESSED TO EMPLOY PEOPLE IN RECOVERY, TO PROVIDE JOBS AND VOLUNTEER OPPORTUNITIES FOR SPECIAL NEEDS INDIVIDUALS AND OPPORTUNITIES FOR PEOPLE IN THE COMMUNITY TO VOLUNTEER, SO THEY CAN CONTRIBUTE TO HELPING KIDS. WE PROVIDE LOW COST, QUALITY MERCHANDISE FOR OUR SHOPPERS WHILE REUSING, REPURPOSING, AND RECYCLING ITEMS TO HELP KEEP OUR COMMUNITY GREEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OPERATE MULTIPLE THRIFT STORES IN ORDER TO RAISE FUNDS TO GIVE TO CHARITABLE ORGANIZATIONS AND CAUSES THAT FOCUS ON CHILDRENS' WELLBEING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas E Hudson CEO | OfficerTrustee | 30 | $0 |
Robert Clark Treasurer | Trustee | 5 | $0 |
Steve Fortner Secretary | Trustee | 5 | $0 |
James Fleming Director | Trustee | 5 | $0 |
Melissa Allen Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $248,134 |
| All other contributions, gifts, grants, and similar amounts not included above | $642,748 |
| Noncash contributions included in lines 1a–1f | $625,650 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,882 |
| Total Program Service Revenue | $5,909,447 |
| Investment income | $5,925 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,237 |
| 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 | $6,808,491 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $970,710 |
| 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 | $2,876,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $94,945 |
| Payroll taxes | $266,076 |
| 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 | $52,059 |
| Advertising and promotion | $27,551 |
| Office expenses | $145,775 |
| Information technology | $23,507 |
| Royalties | $0 |
| Occupancy | $1,429,090 |
| Travel | $71,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,967 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,805 |
| Insurance | $222,387 |
| All other expenses | $0 |
| Total functional expenses | $6,562,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,520 |
| Savings and temporary cash investments | $430,544 |
| 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 | $714 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,378,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,050 |
| Total assets | $2,010,693 |
| Accounts payable and accrued expenses | $28,323 |
| 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 | $194,458 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $222,781 |
| Net assets without donor restrictions | $1,787,912 |
| 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 | $2,010,693 |
Grants Awarded
Over the last fiscal year, Good Stuff Thrift Inc has awarded $966,500 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ANN SILVERMAN FREE CLINIC PURPOSE: GENERAL GIVING | $130,000 |
BABY BUREAU PURPOSE: GENERAL GIVING | $25,000 |
BETHANNA PURPOSE: GENERAL GIVING | $35,000 |
EASTERN PENNSYLVANIA CONFERENCE PURPOSE: CARSON SIMPSON FARM | $31,500 |
CHOICE ONE PURPOSE: GENERAL GIVING | $90,000 |
CHRIST HOME PURPOSE: GENERAL GIVING | $130,000 |