Guardian Angel Thrift
- Assets
- $1.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 66
- Location
- Fuquay Varina, NC
- Founding
- 03/2002
- Data as of
- 12/2021
- 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 12/2021, Guardian Angel Thrift employed 66 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 12/2021, Guardian Angel Thrift generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. While expenses have increased by 0.6% 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
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 | 40 | $79,000 |
Shari Stocks Secretary/op | Officer | 40 | $60,000 |
Nelsa Cox VP Director | OfficerTrustee | $0 | |
Chris Holmes Treasurer | OfficerTrustee | $0 | |
Amy Freeman Director | Trustee | $0 | |
David L Gaddis Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,714,224 |
| Noncash contributions included in lines 1a–1f | $2,649,179 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,904,379 |
| Total Program Service Revenue | $0 |
| Investment income | $28,271 |
| 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 | -$258,715 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,673,935 |
| 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. | $139,000 |
| Compensation of current officers, directors, key employees. | $139,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,051,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $90,800 |
| 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 | $59,523 |
| Advertising and promotion | $27,497 |
| Office expenses | $37,181 |
| Information technology | $22,114 |
| Royalties | $0 |
| Occupancy | $727,020 |
| Travel | $1,293 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,573 |
| Interest | $4 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,279 |
| Insurance | $34,059 |
| All other expenses | $0 |
| Total functional expenses | $2,417,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $534,123 |
| Savings and temporary cash investments | $576,942 |
| 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 | $446,621 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $77,766 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $300 |
| Total assets | $1,635,752 |
| 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 | $15,179 |
| Other liabilities | $256,553 |
| Total liabilities | $271,732 |
| Net assets without donor restrictions | $1,364,020 |
| 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 | $1,635,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Guardian Angel Thrift has recieved totaling $115.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
We Care Community Services Inc Dayton, TN | $2,321,590 | $1,212,770 |
Good Neighbors Thrift Shop Inc Lenoir City, TN | $1,316,271 | $1,004,712 |