Friends Of The Sharehouse Inc
- Assets
- $664.0k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Ann Arbor, MI
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 47-3072374
Organization Overview
Friends Of The Sharehouse Inc is located in Ann Arbor, MI. The organization was established in 2016. 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, Friends Of The Sharehouse Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of The Sharehouse 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, Friends Of The Sharehouse Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $902.2k during the year ending 12/2021. While expenses have increased by 20.8% 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
TO PROVIDE QUALITY USED ITEMS TO THE PUBLIC
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF DONATED ITEMS. ON A REGULAR BASIS OTHER NON-PROFITS THAT SERVE LOW INCOME INDIVIDUALS WILL BRING THEM THOSE INDIVIDUALS TO THE SHAREHOUSE TO PICK OUT ITEMS OF CLOTHING AND EQUIPMENT THAT THEY NEED. THERE IS NO CHARGE TO THESE INDIVIDUALS. INDIVIDUALS ALSO FULLFILL THEIR COURT ORDERED COMMUNITY SERVICE WITH SHAREHOUSE. OTHER NON-PROFITS USE OUR FACILITY WEEKLY AS TRAINING GROUND FOR THEIR HANDICAP INDIVIDUALS TO LEARN JOB SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pyle General Mana | Officer | $0 | |
Patrick Ian Phair Director | Trustee | $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 | $221 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $221 |
| Total Program Service Revenue | $1,113,862 |
| 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 | $1,114,083 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,000 |
| 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 | $0 |
| Other salaries and wages | $574,349 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,632 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $437 |
| Office expenses | $19,571 |
| Information technology | $654 |
| Royalties | $0 |
| Occupancy | $133,212 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,800 |
| Interest | $5,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,331 |
| Insurance | $6,328 |
| All other expenses | $0 |
| Total functional expenses | $902,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,156 |
| 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 | $41,943 |
| Net Land, buildings, and equipment | $201,935 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $664,034 |
| Accounts payable and accrued expenses | $11,125 |
| 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 | $149,478 |
| Other liabilities | $0 |
| Total liabilities | $160,603 |
| Net assets without donor restrictions | $503,431 |
| 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 | $664,034 |
Grants Awarded
Over the last fiscal year, Friends Of The Sharehouse Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SPIRITUS SANCTUS ACADEMY | | | $20,000 |
Ann Arbor, MI | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bibles For Missionsthrift Centers Hudsonville, MI | $8,979,517 | $6,480,350 |
St Vincent De Paul Society District Council Of Green Bay Green Bay, WI | $6,984,787 | $5,313,113 |
Abilities Richmond Richmond, IN | $210,319 | $2,452,026 |
Society Of St Vincent De Paul Diocesan Council Of Lafayette Noblesville, IN | $1,377,536 | $1,591,122 |
St Vincent De Paul Council Of Neenah-Menasha Inc Neenah, WI | $2,036,881 | $1,874,816 |
Fort Wayne Society Of St Vincent Depaul Inc Fort Wayne, IN | $1,872,143 | $1,538,116 |
St Josephs Conference Of The Societ St Vincent De Paul Inc Rice Lake, WI | $1,420,027 | $1,322,338 |
Thriftology Inc Fredericksburg, OH | $865,769 | $1,716,371 |
District Of Evansville Of The Society Of St Vincent De Paul Inc Evansville, IN | $3,528,362 | $1,814,462 |
St Vincent De Paul Charitable Enterprises Inc Dayton, OH | $1,036,487 | $913,920 |
Holmes-Tuscarawas Mennonite Save- And-Serve Shops Inc Millersburg, OH | $2,361,273 | $1,217,107 |
Country Closet Thrift Shop Inc Plain City, OH | $1,037,355 | $987,571 |