Bargains And Blessings
- Assets
- $232.1k
- Revenue
- $751.8k
- Investments
- $0.0
- Employees
- 28
- Location
- Willmar, MN
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 81-0695030
Organization Overview
Bargains And Blessings is located in Willmar, MN. The organization was established in 2016. 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 06/2022, Bargains And Blessings employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bargains And Blessings 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 06/2022, Bargains And Blessings generated $751.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $717.1k during the year ending 06/2022. While expenses have increased by 26.2% per year over the past 3 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
BARGAINS AND BLESSINGS IS A COMMUNITY THRIFT STORE THAT ACCEPTS DONATIONS OF CLOTHNG AND HOUSEHOLD GOODS TO RESELL. PROCEEDS ARE THEN DONATED BACK TO OTHER COMMUNITY CHARITIES AND RELIGIOUS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY THRIFT STORE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jena Hillenbrand Secretary | OfficerTrustee | 40 | $33,357 |
Rebecca Zondervan President | OfficerTrustee | 40 | $32,875 |
Edith Ryder Manager | Officer | 40 | $28,213 |
Lorrie Gottwald Treasurer | OfficerTrustee | 40 | $10,430 |
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 | $15,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,000 |
| Total Program Service Revenue | $0 |
| Investment income | $313 |
| 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 | $736,496 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $751,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,430 |
| 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. | $104,875 |
| Compensation of current officers, directors, key employees. | $18,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,045 |
| Payroll taxes | $24,194 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,052 |
| Office expenses | $4,022 |
| Information technology | $1,381 |
| Royalties | $0 |
| Occupancy | $251,953 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,098 |
| Insurance | $9,880 |
| All other expenses | $0 |
| Total functional expenses | $717,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $164,158 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $126 |
| 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 | $67,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $232,103 |
| 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 | $146,075 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,925 |
| Total liabilities | $151,000 |
| Net assets without donor restrictions | $0 |
| 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 | $81,103 |
| Total liabilities and net assets/fund balances | $232,103 |
Grants Awarded
Over the last fiscal year, Bargains And Blessings has awarded $29,430 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY | | | $4,600 |
GRACE HOMESCHOOL | | | $4,600 |
COMMUNITY BASICS | | | $5,100 |
COMMUNITY CHRISTIAN SCHOOL | | | $2,500 |
HAITI LITERACY | | | $2,900 |
ATLAS | | | $3,950 |