Bargain Box
- Assets
- $1.2m
- Revenue
- $762.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Hilton Head Island, SC
- Founding
- 12/1971
- Data as of
- 12/2021
- EIN
- 57-0539936
Organization Overview
Bargain Box is located in Hilton Head Island, SC. The organization was established in 1971. 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, Bargain Box employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bargain Box 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, Bargain Box generated $762.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $712.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bargain Box has awarded 280 individual grants totaling $2,924,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE BARGAIN BOX'S MISSION IS TO RAISE FUNDS FROM THE SALE OF DONATED MERCHANDISE AND DISTRIBUTE THE FUNDS TO VARIOUS LOCAL CHARITABLE ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION RECEIVES REVENUE FROM THE SALE OF DONATED MERCHANDISE.PROCEEDS ARE USED FOR RELATED OPERATING EXPENSES INCLUDING OCCUPANCYCOST AND CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandi Clark Past President | OfficerTrustee | 12 | $0 |
Lyn Meachen President | Officer | 20 | $0 |
Sue Wilson Vice President | Officer | 12 | $0 |
Penny Wallhaus Treasurer | Officer | 12 | $0 |
Ellie Pierce Secretary | Officer | 12 | $0 |
Shari Anderson Trustee | Trustee | 8 | $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 | $39,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,140 |
| Total Program Service Revenue | $675,697 |
| Investment income | $15,709 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $25,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $762,930 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $390,100 |
| 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 | $125,026 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,002 |
| Payroll taxes | $10,906 |
| Fees for services: Management | $6,585 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,720 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,113 |
| Office expenses | $24,041 |
| Information technology | $1,403 |
| Royalties | $0 |
| Occupancy | $87,685 |
| 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 | $31,418 |
| Insurance | $2,430 |
| All other expenses | $50 |
| Total functional expenses | $712,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,930 |
| Savings and temporary cash investments | $857,872 |
| 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 | $201,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,192,783 |
| 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 | $0 |
| Other liabilities | $4,381 |
| Total liabilities | $4,381 |
| Net assets without donor restrictions | $976,230 |
| Net assets with donor restrictions | $212,172 |
| 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 | $1,192,783 |
Grants Awarded
Over the last fiscal year, Bargain Box has awarded $364,300 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
THE CHILDREN'S CENTER PURPOSE: TO FUND THE ORGANIZATION'S CHARITABLE ACTIVITIES | $35,000 |
Beaufort, SC PURPOSE: TO FUND THE ORGANIZATION'S CHARITABLE ACTIVITIES | $33,000 |
HILTON HEAD ISLAND DEEP WELL PROJECT PURPOSE: TO FUND THE ORGANIZATION'S CHARITABLE ACTIVITIES | $30,000 |
VOLUNTEERS IN MEDICINE HILTON HEAD ISLAND PURPOSE: TO FUND THE ORGANIZATION'S CHARITABLE ACTIVITIES | $25,000 |
COASTAL DISCOVERY MUSEUM PURPOSE: TO FUND THE ORGANIZATION'S CHARITABLE ACTIVITIES | $20,000 |
HH ISLAND REC CHALLENGE CAMP PURPOSE: TO FUND THE ORGANIZATION'S CHARITABLE ACTIVITIES | $17,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bargain Box has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
Mamas House Of Thrift Lillington, NC | $243,278 | $906,675 |
Because He Lives Ministry Inc Hazlehurst, GA | $190,247 | $766,611 |
Injoy Thrift Goldsboro Inc Goldsboro, NC | $177,037 | $809,040 |