Guardian Angel Thrift
- Assets
- $1.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 74
- Location
- Fuquay Varina, NC
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 56-2226170
Organization Overview
Guardian Angel Thrift is located in Fuquay Varina, NC. The organization was established in 2002. 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 12/2022, Guardian Angel Thrift employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guardian Angel Thrift 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, Guardian Angel Thrift generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2022. While expenses have increased by 1.8% 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
SUPPORT ALZHEIMER'S RESEARCH AND TO PROVIDE JOBS TO SENIOR CITIZENS AND TO DISADVANTAGED PERSONS WHO NEED EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT ALZHEIMER'S RESEARCH AND PROVIDE JOBS TO SENIOR CITIZENS AND DISADVANTAGED PERSONS WHO NEED EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Gaddis President/ex | OfficerTrustee | 50 | $75,962 |
Shari Stocks Secretary/op | Officer | 50 | $60,000 |
John Mark Daniels Operations M | Officer | 50 | $25,385 |
Marie Lynette Somers Executive Di | Officer | 50 | $6,923 |
Nelsa Cox VP Director | OfficerTrustee | $0 | |
Amy Freeman Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $240,361 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,936,853 |
| Noncash contributions included in lines 1a–1f | $2,826,874 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,177,214 |
| Total Program Service Revenue | $0 |
| Investment income | -$48,628 |
| 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 | -$346,547 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,782,039 |
| 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. | $168,270 |
| Compensation of current officers, directors, key employees. | $168,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,151,692 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $100,710 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,193 |
| Advertising and promotion | $26,806 |
| Office expenses | $48,726 |
| Information technology | $21,771 |
| Royalties | $0 |
| Occupancy | $815,619 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,378 |
| Insurance | $34,143 |
| All other expenses | $0 |
| Total functional expenses | $2,674,613 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,764 |
| Savings and temporary cash investments | $570,345 |
| 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 | $506,834 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $98,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,507,526 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $19,839 |
| Other liabilities | $16,241 |
| Total liabilities | $36,080 |
| Net assets without donor restrictions | $1,471,446 |
| 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 | $1,507,526 |