American Veterans Thrift Store Inc is located in Rehoboth Beach, DE. 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, American Veterans Thrift Store Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Veterans Thrift Store 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, American Veterans Thrift Store Inc generated $846.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $830.3k during the year ending 12/2021. While expenses have increased by 23.3% 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
FINANCIALLY ASSIST MILITARY VETERANS AND THEIR FAMILIES IN NEED
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIALLY ASSIST MILITARY VETERANS AND THEIR FAMILIES IN NEED
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elizabeth Cooley President | OfficerTrustee | 30 | $33,077 |
Mathew Lusky Treasurer | Officer | 15 | $0 |
Christy Erickson Secretary | Officer | 15 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $42,217 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $42,217 |
Total Program Service Revenue | $804,573 |
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 | $846,790 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
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. | $33,077 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $249,760 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $28,217 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,462 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $12,507 |
Office expenses | $5,908 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $351,711 |
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 | $2,935 |
Insurance | $22,259 |
All other expenses | $0 |
Total functional expenses | $830,347 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $260,812 |
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 | $10,166 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,167 |
Other assets | $0 |
Total assets | $272,145 |
Accounts payable and accrued expenses | $10,193 |
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 | $14,308 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $149,900 |
Other liabilities | $0 |
Total liabilities | $174,401 |
Net assets without donor restrictions | $97,744 |
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 | $272,145 |
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Notre Dame Volunteer Corporation Baltimore, MD | $6,449,561 | $5,367,292 |
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 |
Philadelphia Aids Thrift Philadelphia, PA | $1,958,783 | $1,805,972 |
The Re Uzit Shop Of New Holland Inc New Holland, PA | $2,326,308 | $1,999,699 |
Second Harvest Pittsburgh, PA | $2,255,923 | $1,056,988 |
Main Street Closet Willow Street, PA | $1,594,867 | $1,079,717 |
American Veterans Thrift Store Inc Rehoboth Beach, DE | $272,145 | $846,790 |
Country Gift & Thrift Shoppe Inc Gap, PA | $2,071,277 | $954,356 |