Priceless Treasures Thrift Shop Inc
- Assets
- $266.2k
- Revenue
- $591.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Modesto, CA
- Founding
- 12/2016
- Data as of
- 06/2022
- EIN
- 81-1233146
Organization Overview
Priceless Treasures Thrift Shop Inc is located in Modesto, CA. 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, Priceless Treasures Thrift Shop Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Priceless Treasures 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 06/2022, Priceless Treasures Thrift Shop Inc generated $591.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $568.0k during the year ending 06/2022. While expenses have increased by 18.6% per year over the past 6 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
THE PRICELESS TREASURES THRIFT SHOP OPERATES A THRIFT STORE TO RAISE FUNDS AND MAKE GRANTS TO RIPON CHRISTIAN SCHOOLS AND SIERRA SALEM CHRISTIAN HOMES, INC. BOTH ORGANIZATIONS ARE 501 (C) (3) ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRICELESS TREASURES THRIFT SHOP IS A THRIFT STORE WHICH RECEIVES DONATIONS OF GOODS SUCH AS CLOTHING AND HOUSEHOLD ITEMS AND FURNITURE WHICH IT SELLS IN ITS STORE. THE FUNDS RAISED, AFTER EXPENSES, GO TO SUPPORT EDUCATION ACTIVITES AT RIPON CHRISTIAN SCHOOLS IN RIPON, CA AND DEVELOPMENTALLY DISABLED ADULTS THROUGH SIERRA SALEM CHRISTIAN HOMES, INC. IN MODESTO, CA. BOTH ORGANIZATIONS ARE 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chuck Van Gorkum Secretary | Officer | 2 | $0 |
David Meester President | Officer | 2 | $0 |
Chad Van Houten Treasurer | Officer | 2 | $0 |
Gary Oosterkamp Vice Preside | Officer | 2 | $0 |
Brian Sonke Director | Trustee | 1 | $0 |
Al Kosters Director | Trustee | 1 | $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 | $591,248 |
| Noncash contributions included in lines 1a–1f | $589,398 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $591,248 |
| Total Program Service Revenue | $0 |
| Investment income | $58 |
| 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 | $591,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $160,000 |
| 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 | $229,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,289 |
| 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 | $2,255 |
| Advertising and promotion | $0 |
| Office expenses | $3,155 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,167 |
| 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 | $5,158 |
| Insurance | $15,007 |
| All other expenses | $391 |
| Total functional expenses | $567,956 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,762 |
| Savings and temporary cash investments | $61,391 |
| 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 | $48,050 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,000 |
| Total assets | $266,203 |
| 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 | $15,690 |
| Total liabilities | $15,690 |
| Net assets without donor restrictions | $250,513 |
| 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 | $266,203 |
Grants Awarded
Over the last fiscal year, Priceless Treasures Thrift Shop Inc has awarded $160,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ripon, CA PURPOSE: EDUCATIONAL SUPPORT | $120,000 |
Modesto, CA PURPOSE: DEVELOP THE DISABLED | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of Santa Barbara And Ventura Counties Oxnard, CA | $36,147,815 | $36,387,219 |
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Achievement House Inc San Luis Obispo, CA | $9,588,064 | $4,686,736 |
3 Way Thrift Store Inc Chino, CA | $3,968,931 | $4,164,171 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Tavern Guild Foundation Of San Francisco Inc San Francisco, CA | $1,608,294 | $2,133,218 |
Neighborhood Industries Fresno, CA | $1,638,421 | $2,277,011 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
All Out Caring Inc Pomona, CA | $728,758 | $1,913,953 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Bay Area Furniture Bank Sunnyvale, CA | $1,213,792 | $1,121,491 |