Cherryville Area Ministries And Thrift Shop
- Assets
- $472.9k
- Revenue
- $332.8k
- Investments
- $0.0
- Employees
- 10
- Location
- Cherryville, NC
- Founding
- 05/1977
- Data as of
- 06/2022
- EIN
- 56-1002225
Organization Overview
Cherryville Area Ministries And Thrift Shop is located in Cherryville, NC. The organization was established in 1977. 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 06/2022, Cherryville Area Ministries And Thrift Shop employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cherryville Area Ministries And Thrift Shop 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 06/2022, Cherryville Area Ministries And Thrift Shop generated $332.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $314.3k during the year ending 06/2022. While expenses have increased by 0.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TEMPORARY RELIEF TO FAMILIES IN EMERGENCY SITUATIONS BY PROVIDING CLOTHING, FOOD, UTILITIES, MEDICINE, GAS AND OTHER NECESSITIES, AND TO BE AN OUTLET FOR EXPENSIVE QUALITY USED CLOTHING. "TO SERVICE OUR COMMUNITY AS NEEDED" CURRENTLY ASSISTING IN CRISIS SITUATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FOOD, CLOTHING, AND OTHER EMERGENCY ASSISTANCE TO INDIVIDUALS IN CHERRYVILLE AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Henley President | OfficerTrustee | $0 | |
Bess Thornburg Vice Preside | OfficerTrustee | $0 | |
Suzette Smith Treasurer | OfficerTrustee | $0 | |
Barbara Mcdaniel Secretary | OfficerTrustee | $0 | |
Kim Eaker Director | Trustee | $0 | |
Nancy Porter Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,190 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $77,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,479 |
| Total Program Service Revenue | $234,487 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $332,780 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $54,563 |
| 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 | $133,466 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,588 |
| Payroll taxes | $10,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,725 |
| 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 | $8,144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,359 |
| 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 | $16,087 |
| Insurance | $5,805 |
| All other expenses | $0 |
| Total functional expenses | $314,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $21,000 |
| 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 | $4,242 |
| Net Land, buildings, and equipment | $284,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $472,850 |
| Accounts payable and accrued expenses | $11,650 |
| 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 | $11,650 |
| Net assets without donor restrictions | $413,676 |
| Net assets with donor restrictions | $47,524 |
| 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 | $472,850 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cherryville Area Ministries And Thrift Shop has recieved totaling $1,050.
| Awarding Organization | Amount |
|---|---|
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $1,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Goodwill Inc Memphis, TN | $14,007,332 | $45,591,658 |
Atlanta Union Mission Corporation Hcsr Atlanta, GA | $60,885,484 | $20,504,830 |
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Guardian Angel Thrift Fuquay Varina, NC | $1,635,752 | $2,673,935 |
Chatham Pta Thrift Shop Inc Siler City, NC | $1,001,947 | $1,744,375 |
East Cooper Home Store Inc Mount Pleasant, SC | $431,257 | $1,756,791 |
Seeds Of Mustard Ministries Corporation Cary, NC | $918,004 | $1,738,508 |
American Home Furnishings Hall Of Fame Foundation Inc High Point, NC | $6,073,735 | $3,252,692 |
Stafford Emergency Relief Through Volunteer Efforts Of Stafford Coun Stafford, VA | $740,386 | $1,196,359 |
The Clothes Less Traveled Thrift Shop Inc Peachtree City, GA | $1,330,927 | $1,604,886 |
Hand Up Inc Calhoun, GA | $1,679,036 | $1,708,856 |
Closet Of The Greater Herndon Area Inc Herndon, VA | $1,886,516 | $1,181,973 |