Thrift Shop Inc
- Assets
- $2.5m
- Revenue
- $591.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Aspen, CO
- Founding
- 04/1984
- Data as of
- 12/2021
- EIN
- 74-2291594
Organization Overview
Thrift Shop Inc is located in Aspen, CO. The organization was established in 1984. 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. Thrift Shop Inc 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, Thrift Shop Inc generated $591.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $346.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thrift Shop Inc has awarded 152 individual grants totaling $1,183,225. 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 ORGANIZATION'S MISSION IS TO PROVIDE FUNDS FOR LOCAL CIVIC AND EDUCATIONAL PROJECTS AND TO ALSO ASSIST LOCAL STUDENTS WITH HIGHER EDUCATION NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECT AND SELL ARTICLES DONATED BY THE PUBLIC. THE PROCEEDS ARE DONATED TO CHARITABLE, CIVIC, SCIENTIFIC, AND EDUCATIONAL ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynda Maccarthy Co-Treasurer | OfficerTrustee | 10 | $0 |
Margie Throm Co President | OfficerTrustee | 15 | $0 |
Shauna Young Co President | OfficerTrustee | 15 | $0 |
Melissa Bowers Co- Treasurer | OfficerTrustee | 5 | $0 |
Erica Murray Secretary | Officer | 5 | $0 |
Ellen Walbert Board Member | Trustee | 5 | $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 | $572,104 |
| Noncash contributions included in lines 1a–1f | $546,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,104 |
| Total Program Service Revenue | $0 |
| Investment income | $6,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,512 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $591,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $76,250 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $33,750 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,720 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,615 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,137 |
| Office expenses | $16,251 |
| Information technology | $11,607 |
| Royalties | $0 |
| Occupancy | $21,176 |
| 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 | $55,011 |
| Insurance | $9,666 |
| All other expenses | $18,013 |
| Total functional expenses | $346,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,266 |
| Savings and temporary cash investments | $0 |
| 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 | $50,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,454,621 |
| Investments—publicly traded securities | $656,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $2,533,941 |
| Accounts payable and accrued expenses | $1,654 |
| 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 | $5,664 |
| Total liabilities | $7,318 |
| Net assets without donor restrictions | $2,526,623 |
| 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 | $2,533,941 |
Grants Awarded
Over the last fiscal year, Thrift Shop Inc has awarded $80,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Aspen, CO PURPOSE: TO PROVIDE FOR ASPEN'S HOMELESS COM | $10,000 |
Aspen, CO PURPOSE: TO PROVIDE FOR ASPEN'S HOMELESS COM | $10,000 |
PITKIN COUNTY SENIOR SERVICES PURPOSE: TO PROVIDE SERVICES FOR SENIORS | $8,500 |
PITKIN COUNTY SENIOR SERVICES PURPOSE: TO PROVIDE SERVICES FOR SENIORS | $8,500 |
Basalt, CO PURPOSE: TO PROVIDE MENTAL HEALTH SERVICES | $8,000 |
Basalt, CO PURPOSE: TO PROVIDE MENTAL HEALTH SERVICES | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thrift Shop Inc has recieved totaling $145.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $145 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tabithas Way Spanish Fork, UT | $2,745,428 | $6,667,027 |
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Vail Valley Cares Inc Edwards, CO | $3,973,147 | $3,753,850 |
Big Brothers Big Sisters Of Central New Mexico Donation Center Inc Albuquerque, NM | $1,509,034 | $2,745,299 |
St Vincent De Paul Society Archdiocese Of Santa Fe Albuquerque, NM | $3,073,057 | $2,711,776 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
Adelante Thrift Inc Kansas City, KS | $255,188 | $1,547,974 |
Park Avenue Thrift Inc Enid, OK | $1,268,783 | $1,759,306 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Et Cetera Shop Inc Weatherford, OK | $754,713 | $935,275 |
Cornerstone Mission Project Kingman, AZ | $767,107 | $1,015,315 |