Montgomery County Christmas Store Incorporated
- Assets
- $1.2m
- Revenue
- $434.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Christiansburg, VA
- Founding
- 01/1984
- Data as of
- 12/2022
- EIN
- 54-1246884
Organization Overview
Montgomery County Christmas Store Incorporated is located in Christiansburg, VA. The organization was established in 1984. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Christmas Store Incorporated 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 12/2022, Montgomery County Christmas Store Incorporated generated $434.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $375.6k during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTS LOW-INCOME FAMILIES IN MONTGOMERY COUNY, VIRGINIA DURING THE CHRISTMAS SEASON BY PROVIDING A SHOPPING EXPERIENCE CHARACTERIZED BY CHOICE AND DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD, CLOTHING, TOYS AND GIFTS WERE PROVIDED FOR FAMILIES SERVED; THESE WERE IDENTIFIED AS NEEDY BY SOCIAL SERVICES AGENCIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim O'rourke President | OfficerTrustee | 10 | $0 |
Pat Ballard Treasurer | OfficerTrustee | 8 | $0 |
Merv Timberlake Finance Chair | OfficerTrustee | 5 | $0 |
Karen Turner Recording Secretary | OfficerTrustee | 4 | $0 |
Norma Cox Corresponding Secretary | OfficerTrustee | 5 | $0 |
Karen Healey Fundraising | Trustee | 25 | $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 | $386,678 |
| Noncash contributions included in lines 1a–1f | $6,777 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $386,678 |
| Total Program Service Revenue | $0 |
| Investment income | $385 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,631 |
| 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 | $434,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Fees for services: Accounting | $13,175 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $23,690 |
| Insurance | $7,133 |
| All other expenses | $19,316 |
| Total functional expenses | $375,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,918 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $461,745 |
| Investments—publicly traded securities | $262,317 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,170,217 |
| Accounts payable and accrued expenses | $35,079 |
| 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 | $35,079 |
| Net assets without donor restrictions | $1,128,887 |
| Net assets with donor restrictions | $6,251 |
| 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 | $1,170,217 |