Culpeper Community Thrift Store
- Assets
- $310.9k
- Revenue
- $378.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Culpeper, VA
- Founding
- 01/2003
- Data as of
- 06/2023
- EIN
- 82-0570073
Organization Overview
Culpeper Community Thrift Store, operating under the name Full Circle Thrift, is located in Culpeper, VA. The organization was established in 2003. 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. Full Circle Thrift 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 06/2023, Full Circle Thrift generated $378.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $426.9k during the year ending 06/2023. While expenses have increased by 3.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CULPEPER COMMUNITY THRIFT STORE'S PRIMARY EXEMPT PURPOSE IS TO GENERATE FUNDS USED TO PROVIDE EMERGENCY SUPPORT FOR INDIGENT AND/OR ELDERLY MEMBERS OF THE CULPEPER COMMUNITY. ADDITIONALLY FUNDS ARE SET ASIDE TO AID THIS SEGMENT OF OUR COMMUNITY AND TO MEET FUTURE EMERGENCY NEEDS AS THEY MAY ARISE.CULPEPER COMMUNITY THRIFT STORE WORKS IN CLOSE COOPERATION WITH CULPEPER HUMAN SERVICES (FEIN 54-6001236) A DIVISION OF CULPEPER CONTY, VIRGINIA, TO ACHIEVE THE ABOVE GOALS AS WELL AS TO PROVIDE THE FOLLOWING ADDITIONAL SERVICES TO THE COMMUNITY.A) PROVIDE A WORK SITE FOR VIEW RECIPIENTS ENTERING THE FINANCIAL EMPLOYMENT PROGRAM THE GOAL OF WHICH IS TO ASSIST THESE INDIVIUALS IN BECOMNG SELF SUFFICIENT.B) PROVIDE A WORK SITE FOR THE CULPEPER COUNTY HIGH SCHOOLS EMPLOYMENT SUPPORT PROGRAM (CHALLENGED STUDENTS).C) PARTNER WITH THE CRIMINAL JUSTICE PROGRAM TO PROVIDE A WORK SITE FOR THOSE ORDERED TO PROVIDE COMMUNITY SERVICE.D) PROVIDE A WORK SITE FOR STUDENT VOLUNTEERS WORKING TOWARD SCHOOL PROJ
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meaghan Taylor Director | Trustee | 1 | $0 |
Doris Clatterbuck Dir/secretary | OfficerTrustee | 2 | $0 |
Robert Ryan Director | Trustee | 1 | $0 |
Kim Phillips Dir/chairperson | OfficerTrustee | 4 | $0 |
Pamela P Oliver Director | Trustee | 1 | $0 |
Tearyn Loving 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 | $378,191 |
| Noncash contributions included in lines 1a–1f | $378,191 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $378,191 |
| Total Program Service Revenue | $0 |
| Investment income | $677 |
| 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 | $378,868 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,000 |
| 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 | $264,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,053 |
| Office expenses | $1,836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,250 |
| 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 | $4,000 |
| Insurance | $2,248 |
| All other expenses | $245 |
| Total functional expenses | $426,887 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,640 |
| Savings and temporary cash investments | $242,102 |
| 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 | $12,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,600 |
| Total assets | $310,879 |
| Accounts payable and accrued expenses | $29,750 |
| 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 | $0 |
| Total liabilities | $29,750 |
| Net assets without donor restrictions | $281,129 |
| 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 | $310,879 |
Grants Awarded
Over the last fiscal year, Culpeper Community Thrift Store has awarded $40,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COUNTY OF CULPEPER PURPOSE: Assistance | $20,000 |
POWELL WELLNESS CENTER PURPOSE: Assistance | $20,000 |