Adelante Thrift Inc
- Assets
- $255.2k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 23
- Location
- Kansas City, KS
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-2032648
Organization Overview
Adelante Thrift Inc is located in Kansas City, KS. 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 12/2021, Adelante Thrift Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adelante 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 12/2021, Adelante Thrift Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 11.5% 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
ADELANTE THRIFT IS A NEIGHBORHOOD THRIFT STORE IN KANSAS CITY, KS THAT PROVIDES QUALITY SHOPPING EXPERIENCE, PROMOTES JOB CREATION AND SUPPORTS COMMUNITY TRANSFORMATION THROUGH ITS PROFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AMAZING SECOND-HAND ITEMS AT FANTASTIC PRICES, JOB READINESS TRAINING FOR EMPLOYEES AND COMMUNITY MEMBERS. USE FUNDS TO SUPPORT SUSTAINABLE COMMUNITY DEVELOPMENT IN THE KANSAS CITY, KANSAS NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Chan Treasurer | OfficerTrustee | 1 | $0 |
Ben Morrill Secretary | OfficerTrustee | 1 | $0 |
Michael Gossenauer Chair Person | OfficerTrustee | 1 | $0 |
Lori Wetmore Board Member | Trustee | 1 | $0 |
Grady Hawley Board Member | Trustee | 1 | $0 |
David Roberson Board 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 | $711,919 |
| Noncash contributions included in lines 1a–1f | $710,580 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,919 |
| Total Program Service Revenue | $717,577 |
| 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 | $1,547,974 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $147,428 |
| 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 | $332,689 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,451 |
| Payroll taxes | $27,180 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,894 |
| Advertising and promotion | $978 |
| Office expenses | $2,107 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,947 |
| 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 | $15,244 |
| Insurance | $2,373 |
| All other expenses | $29,158 |
| Total functional expenses | $1,463,554 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,750 |
| 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 | $105,753 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $51,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,997 |
| Total assets | $255,188 |
| Accounts payable and accrued expenses | $445 |
| 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 | $6,345 |
| Total liabilities | $6,790 |
| Net assets without donor restrictions | $248,398 |
| 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 | $255,188 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Adelante Thrift Inc has recieved totaling $51,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: HUMAN SERVICES | $51,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vail Valley Cares Inc Edwards, CO | $3,973,147 | $3,753,850 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Adelante Thrift Inc Kansas City, KS | $255,188 | $1,547,974 |
Park Avenue Thrift Inc Enid, OK | $1,268,783 | $1,759,306 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |
Et Cetera Shop Inc Weatherford, OK | $754,713 | $935,275 |
Shared Blessings Inc Mcalester, OK | $1,182,100 | $749,853 |
La Puente Enterprises Inc Alamosa, CO | $772,797 | $831,754 |
Open Door Service Center Sedalia, MO | $1,383,556 | $763,114 |
TGBG Inc Omaha, NE | $0 | $512,684 |
Mcb Thrift Stores Springfield, MO | $67,052 | $544,756 |
Ok To Share Ministry Inc Holdenville, OK | $47,662 | $488,797 |