Bargain Store
- Assets
- $211.8k
- Revenue
- $278.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Minerva, OH
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-3091765
Organization Overview
Bargain Store is located in Minerva, OH. The organization was established in 2017. 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 12/2021, Bargain Store employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bargain Store 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, Bargain Store generated $278.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $287.2k during the year ending 12/2021. While expenses have increased by 24.2% per year over the past 4 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE THIFT STORE RECEIVES DONATED HOUSEHOLD GOODS FROM THE GENERAL PUBLIC AND RESELLS THE ITEMS. ALL THE NET PROFITS ARE DONATED TO CHARITY, SPECIFICALLY OLIVE BRANCH MINISTRIES WHICH IS A LOCAL NON-PROFIT 501C3 ORGANIZATION THAT PROVIDES RESIDENTIAL SERVICES, TRAINING OF DAILY LIVING SKILLS, AND SOCIAL SERVICES TO ADULTS WITH INTELLECTUAL CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A THIFT STORE WHERE NET PROFITS BENEFIT A LOCAL MISSION CALLED OLIVE BRANCH MINISTRIES, ALSO A 501C3 ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wilma Overholt Secretary/tr | OfficerTrustee | 25 | $10,035 |
Eli Weaver Chairman | OfficerTrustee | 5 | $535 |
David Overholt Vice Chairma | OfficerTrustee | 2 | $0 |
Russell Zimmerman Director | OfficerTrustee | 2 | $0 |
Amanda Weaver Board Member | Trustee | 2 | $0 |
Janelle Zimmerman Board Member | Trustee | 2 | $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 | $1,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,343 |
| Total Program Service Revenue | $275,818 |
| Investment income | $0 |
| 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 | $278,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,995 |
| 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. | $10,570 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $125,500 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,409 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,005 |
| 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 | $3,713 |
| Office expenses | $4,145 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,857 |
| Travel | $471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,012 |
| Interest | $7,800 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,443 |
| Insurance | $4,223 |
| All other expenses | $630 |
| Total functional expenses | $287,229 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,639 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $178,159 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,798 |
| Accounts payable and accrued expenses | $3,296 |
| 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 | $2,500 |
| Secured mortgages and notes payable | $228,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,754 |
| Total liabilities | $237,550 |
| Net assets without donor restrictions | -$25,752 |
| 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 | $211,798 |
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|---|---|---|
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Good Stuff Thrift Inc Doylestown, PA | $2,101,495 | $5,010,177 |
Care & Share Shoppes Inc Souderton, PA | $2,058,352 | $4,451,061 |
Ephrata Re-Uzit Stores Ephrata, PA | $6,311,109 | $3,655,215 |
Ten Up Ministries Thrift Store Scott Depot, WV | $2,455,437 | $3,085,165 |
Lexington Rescue Mission Inc Lexington, KY | $3,687,691 | $2,773,150 |
Abilities Richmond Richmond, IN | $210,319 | $2,452,026 |
Society Of St Vincent De Paul Diocesan Council Of Lafayette Noblesville, IN | $1,377,536 | $1,591,122 |
Philadelphia Aids Thrift Philadelphia, PA | $1,958,783 | $1,805,972 |
The Re Uzit Shop Of New Holland Inc New Holland, PA | $2,326,308 | $1,999,699 |
Fort Wayne Society Of St Vincent Depaul Inc Fort Wayne, IN | $1,872,143 | $1,538,116 |