Cure Thrift Inc
- Assets
- $155.4k
- Revenue
- $464.7k
- Investments
- $0.0
- Employees
- 20
- Location
- New York, NY
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 46-2997277
Organization Overview
Cure Thrift Inc is located in New York, NY. The organization was established in 2013. 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, Cure Thrift Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cure 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, Cure Thrift Inc generated $464.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $427.1k during the year ending 12/2021. While expenses have increased by 2.8% 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
CURE THRIFT, INC IS A PHILANTHROPIC SECOND-HAND SHOP DEDICATED TO RAISING FUNDS FOR TYPE 1 DIABETES THROUGH THE SALE OF DONATED GOODS AND MERCHANDISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COST OF MAINTAINING AND OPERATING THRIFT STORE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Wolff President | Officer | 40 | $75,000 |
Samuel Schlesinger Secretary | Officer | 0 | $0 |
Martin Wolff Vice President | Officer | 0 | $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 | $15,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,740 |
| Total Program Service Revenue | $0 |
| 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 | $448,997 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $464,737 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,184 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,563 |
| Fees for services: Accounting | $7,518 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,804 |
| Office expenses | $12,777 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,238 |
| Travel | $914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $667 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $112,489 |
| Insurance | $18,649 |
| All other expenses | $0 |
| Total functional expenses | $427,051 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,010 |
| 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 | $347 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $155,357 |
| Accounts payable and accrued expenses | $62,098 |
| 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 | $62,098 |
| Net assets without donor restrictions | $0 |
| 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 | $93,259 |
| Total liabilities and net assets/fund balances | $155,357 |
Grants Awarded
Over the last fiscal year, Cure Thrift Inc has awarded $9,025 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GRANT | $6,525 |
Washington, DC PURPOSE: GRANT | $2,000 |
Hollywood, FL PURPOSE: GRANT | $500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cure Thrift Inc has recieved totaling $82.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Greater Lynn Senior Services Inc Lynn, MA | $20,073,242 | $40,529,728 |
Cradles To Crayons Inc Newton, MA | $31,992,503 | $35,925,476 |
Community Aid Inc Mechanicsburg, PA | $17,361,650 | $17,026,124 |
College Auxiliary Services Inc Plattsburgh, NY | $10,944,939 | $10,630,760 |
Housing Works Thrift Shop Inc Brooklyn, NY | $24,908,354 | $9,982,501 |
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 |
Wellspring Inc Hull, MA | $3,076,333 | $2,143,691 |
Philadelphia Aids Thrift Philadelphia, PA | $1,958,783 | $1,805,972 |
Housing Works Used Book Cafe Inc Brooklyn, NY | $1,257,687 | $417,079 |
The Re Uzit Shop Of New Holland Inc New Holland, PA | $2,326,308 | $1,999,699 |