Nearly New Thrift Shop Of The Morse Geriatric Center

Organization Overview

Nearly New Thrift Shop Of The Morse Geriatric Center is located in West Palm Beach, FL. The organization was established in 1987. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, 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. Nearly New Thrift Shop Of The Morse Geriatric Center 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 05/2022, Nearly New Thrift Shop Of The Morse Geriatric Center generated $780.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $490.2k during the year ending 05/2022. While expenses have increased by 7.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO RAISE FUNDS FOR RELATED 501(C)(3) ORGANIZATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THIS ORGANIZATION IS A THRIFT STORE THAT RECEIVES USED ITEMS FOR RESALE. THE PROFITS ARE DISTRIBUTED TO OTHER RELATED 501(C)(3) ORGANIZATIONS. THE THRIFT SHOP SERVED APPROXIMATELY 15,006 CUSTOMERS DURING THE FISCAL YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Keith A Myers
President & CEO
$0
Hong Chae
Secretary, Treasurer & CFO
$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$758,315
Noncash contributions included in lines 1a–1f $758,315
Total Revenue from Contributions, Gifts, Grants & Similar$758,315
Total Program Service Revenue$0
Investment income $21,841
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 $0
Miscellaneous Revenue$0
Total Revenue $780,156

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