Second Impressions Thrift Store Inc
- Assets
- $730.0k
- Revenue
- $819.6k
- Investments
- $0.0
- Employees
- 7
- Location
- Fond Du Lac, WI
- Founding
- 06/2018
- Data as of
- 04/2024
- EIN
- 81-2992498
Organization Overview
Second Impressions Thrift Store Inc is located in Fond Du Lac, WI. The organization was established in 2018. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 04/2024, Second Impressions Thrift Store Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Impressions Thrift Store 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 04/2024, Second Impressions Thrift Store Inc generated $819.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 25.4% each year . All expenses for the organization totaled $598.5k during the year ending 04/2024. While expenses have increased by 20.7% per year over the past 5 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A THRIFT STORE TO BENEFIT CHRISTIAN-BASED EDUCATION AND OTHER CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH ASSISTANCE FROM ABOUT 120 VOLUNTEERS, WE ACCEPT DONATED ITEMS THAT ARE SORTED, PRICED, AND DISPLAYED FOR SALE IN OUR RETAIL THRIFT STORE. OUR STORE WAS OPEN FOR 301 DAYS THIS YEAR AND SERVED APPROXIMATELY 63,000 CUSTOMERS. PROFITS GENERATED FROM OUR STORE PROVIDE FUNDS TO AWARD CHARITABLE GRANTS.
WE PROVIDED CLOTHES, SHOES, MEDICAL, AND SCHOOL-BASED ITEMS TO SEVERAL CHARITIES BUT DID NOT DETERMINE A CASH VALUE FOR THESE ITEMS. THE FOLLOWING DESCRIBES OUR "IN-KIND" DONATIONS THIS PAST YEAR:WE DONATED 405 LARGE GARBAGE BAGS OF CLOTHING TO THE ORPHAN GRAIN TRAIN" WHICH IS A 501C(3) NONPROFIT CHRISTIAN VOLUNTEER NETWORK THAT SHARES PERSONAL AND MATERIAL RESOURCES WITH NEEDY PEOPLE IN AMERICA AND AROUND THE WORLD. WE DONATED SEVERAL DOZEN BOXES OF CLOTHING, KITCHEN ITEMS, FURNITURE AND OTHER ITEMS TO LOCAL NON-PROFIT CHARITABLE ORGANIZATIONS AND TO INDIVIDUAL FAMILIES EXPERIENCING HARDSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Livieri President | OfficerTrustee | 1 | $0 |
Chad Muche Vice-President | OfficerTrustee | 1 | $0 |
Desirae Pausma Treasurer | OfficerTrustee | 1 | $0 |
Louis Freund Secretary | OfficerTrustee | 1 | $0 |
Brian Jenquine Director | Trustee | 1 | $0 |
Kevin Bublitz 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 | $4,638 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,638 |
| Total Program Service Revenue | $0 |
| Investment income | $8,031 |
| 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 | $802,901 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $819,562 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $265,150 |
| 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 | $124,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,530 |
| 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 | $11,789 |
| Office expenses | $496 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,131 |
| 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 | $0 |
| Insurance | $6,632 |
| All other expenses | $6,027 |
| Total functional expenses | $598,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,169 |
| Savings and temporary cash investments | $455,766 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,100 |
| Total assets | $730,035 |
| 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 | $7,626 |
| Total liabilities | $7,626 |
| 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 | $722,409 |
| Total liabilities and net assets/fund balances | $730,035 |
Grants Awarded
Over the last fiscal year, Second Impressions Thrift Store Inc has awarded $67,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WINNEBAGO LUTHERAN ACADEMY PURPOSE: SUPPORT GENERAL FUND | $60,000 |
WISCONSIN LUTHERAN CHILD & FAMILY SERVICE INC PURPOSE: SUPPORT GENERAL FUND | $7,000 |