Reclaimed Resale Inc
- Assets
- $684.7k
- Revenue
- $460.2k
- Investments
- $0.0
- Employees
- 5
- Location
- Metamora, IL
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-5628708
Organization Overview
Reclaimed Resale Inc is located in Metamora, IL. 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, Reclaimed Resale Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reclaimed Resale 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, Reclaimed Resale Inc generated $460.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $397.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Reclaimed Resale Inc has awarded 49 individual grants totaling $780,300. 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
MISSION - ACCEPT DONATED GOODS AND TRANSFORM THEM INTO PROCEEDS AND GIFTS THAT ENRICH THE QUALITY OF LIFE FOR OUR STUDENTS, FAMILIES, AND LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THRIFT STORE RESULTING IN DONATIONS/GRANTS TO VARIOUS STUDENTS, FAMILIES, AND CHARITIES.
PARTNERING WITH YOUTH FOR CHRIST - HEART OF IL (A 501C3 ORG) TO PROVIDE A PLACE WHERE STUDENTS CONNECT WITH COMPASSIONATE ADULTS WHO CAN HELP THEM GROW ACADEMICALLY, RELATIONALLY, EMOTIONALLY, AND SPIRITUALLY. RECLAIMED RESALE OWNS THE BUILDING, YOUTH FOR CHRIST OPERATES WEEKLY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Cummings Director | Trustee | 1 | $0 |
Marty Payne Director | Trustee | 1 | $0 |
Michael Hasselbusch Director | Trustee | 1 | $0 |
Bryan Argo Director | Trustee | 1 | $0 |
Frank Gutwein President | OfficerTrustee | 1 | $0 |
Keith Swartzentruber Vice-President | OfficerTrustee | 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 | $28,930 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,930 |
| Total Program Service Revenue | $425,727 |
| Investment income | $97 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,485 |
| 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 | $460,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $234,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $75,654 |
| Other salaries and wages | $9,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,939 |
| Payroll taxes | $6,488 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,023 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,062 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,621 |
| Insurance | $3,985 |
| All other expenses | $1,304 |
| Total functional expenses | $397,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,225 |
| Savings and temporary cash investments | $130,879 |
| 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 | $475,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $684,733 |
| Accounts payable and accrued expenses | $0 |
| 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 | $35,329 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,329 |
| Net assets without donor restrictions | $634,404 |
| Net assets with donor restrictions | $15,000 |
| 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 | $684,733 |
Grants Awarded
Over the last fiscal year, Reclaimed Resale Inc has awarded $220,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SYNDER VILLAGE PURPOSE: OPERATIONS | $12,000 |
YOUTH FOR CHRIST - PEORIA AREA PURPOSE: OPERATIONS | $66,000 |
HEARTLINEHEARTHOUSE PURPOSE: OPERATIONS | $8,000 |
SPRING BAY FOOD PANTRY PURPOSE: OPERATIONS | $12,000 |
METAMORA WEEKEND SNACKPAC PURPOSE: OPERATIONS | $19,500 |
OPEN ARMS FOOD PANTRY PURPOSE: OPERATIONS | $12,000 |