Hill Thrift Shop Inc
- Assets
- $99.9k
- Revenue
- $76.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Hill Afb, UT
- Founding
- 06/1976
- Data as of
- 05/2024
- EIN
- 51-0194991
Organization Overview
Hill Thrift Shop Inc, operating under the name Management, is located in Hill Afb, UT. The organization was established in 1976. 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 05/2024, Management employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Management 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 05/2024, Management generated $76.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $67.5k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPLY NEEDED SERVICES FOR THE COMMUNITY LOCATED ON HILL AIR FORCE BASE BY PROVIDING AN OUTLET FOR THE SALE OF USED ITEMS. ITEMS MAY ALSO BE SOLD THROUGH CONSIGNMENT. ADDITIONALLY, ITEMS WILL BE SOLD THAT HAVE BEEN DONATED TO THE THRIFT SHOP. PROFITS FROM THE SALE OF THESE ITEMS ARE TO BE DONATED TO OTHER NONROFIT ORGANIZATIONS FOR A VARIETY OF CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THRIFT SHOP GENERATED MORE FUNDS FOR DISBURSEMENT TO OTHER CHARITABLE ORGANIZATIONS IN 2021. THE SHOP DONATED BOTH CASH AND OTHER NONCASH ITEMS SUCH AS CLOTHING AND HOUSEHOLD SUPPLIES. THE SHOP PROVIDES A MEANS FOR INDIVIDUALS TO OBTAIN ITEMS AT BARGAIN PRICES WHILE STILL GIVING MONEY BACK TO THE COMMUNITY FOR CHARITABLE PUPROSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Muegge Volunteer Re | Trustee | $0 | |
Laurie Hope Chairman | Trustee | $0 | |
Carole Luke Volunteer Re | Trustee | $0 | |
Audrey Thompson Volunteer Re | Trustee | $0 | |
Larry Gibson Volunteer Re | Trustee | $0 | |
Marian Salmon Volunteer Re | 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 | $3,868 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,868 |
| Total Program Service Revenue | $0 |
| Investment income | $41 |
| 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 | $72,595 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,504 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,100 |
| 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 | $45,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $260 |
| Office expenses | $1,217 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $107 |
| 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 | $642 |
| Insurance | $1,315 |
| All other expenses | $294 |
| Total functional expenses | $67,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,817 |
| Savings and temporary cash investments | $69,122 |
| 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 | $9,998 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $99,937 |
| Accounts payable and accrued expenses | $21,757 |
| 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 | $21,757 |
| Net assets without donor restrictions | $53,180 |
| Net assets with donor restrictions | $25,000 |
| 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 | $99,937 |