Arc Thrift Stores
- Assets
- $149.5m
- Revenue
- $123.9m
- Investments
- $0.0
- Employees
- 3,431
- Location
- Lakewood, CO
- Founding
- 08/1992
- Data as of
- 09/2023
- EIN
- 84-0515942
Organization Overview
Arc Thrift Stores is located in Lakewood, CO. The organization was established in 1992. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 09/2023, Arc Thrift Stores employed 3,431 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Arc Thrift Stores 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 09/2023, Arc Thrift Stores generated $123.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $121.9m during the year ending 09/2023. While expenses have increased by 7.1% per year over the past 7 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.
Since 2015, Arc Thrift Stores has awarded 135 individual grants totaling $100,570,289. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ARC THRIFT STORES INC IS TO ENHANCE THE LIVES OF INDIVIDUALS WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES BY PROVIDING FUNDING TO SUPPORT THE ARC AND ACL CHAPTERS IN COLORADO AND ADVOCACY DENVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SERVES AS A FUND RAISING ORGANIZATION FOR VARIOUS NONPROFIT ORGANIZATIONS (ALL 501(C)(3) ORGANIZATIONS), WHICH SPONSOR PROGRAMS FOR DEVELOPMENTALLY DISABLED CITIZENS. THE ASSOCIATION DISTRIBUTES ITS THRIFT STORE PROFITS TO ASSOCIATIONS ON A MONTHLY BASIS. PROGRAM SERVICE EXPENSES INCLUDE THE COST OF OPERATING THE THRIFT STORES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Lewis See Sch J Prt II President & CEO | Officer | 50 | $542,917 |
Erick Martinez Senior VP Of Stores | 40 | $252,704 | |
Bruce Stahlman Former CFO | Officer | 50 | $236,149 |
Louise M Vaughn Director Of Hr & It | 40 | $173,322 | |
Margaret Scivicque Director Of Marketing | 40 | $158,618 | |
Marty Schmitt Dir Of Donor Services | 40 | $146,177 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,061 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $112,599,036 |
| Noncash contributions included in lines 1a–1f | $111,428,028 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,839,097 |
| Total Program Service Revenue | $0 |
| Investment income | $754,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,091,468 |
| Net Income from Fundraising Events | -$105,392 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $758,326 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,896,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,927,026 |
| 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. | $856,145 |
| Compensation of current officers, directors, key employees. | $67,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $53,494,758 |
| Pension plan accruals and contributions | $572,526 |
| Other employee benefits | $3,331,396 |
| Payroll taxes | $4,367,912 |
| Fees for services: Management | $90,365 |
| Fees for services: Legal | $105,481 |
| Fees for services: Accounting | $79,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131,961 |
| Advertising and promotion | $1,570,917 |
| Office expenses | $2,335,972 |
| Information technology | $222,246 |
| Royalties | $0 |
| Occupancy | $18,629,127 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $665,726 |
| Interest | $103,468 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,072,433 |
| Insurance | $1,865,068 |
| All other expenses | $3,751,937 |
| Total functional expenses | $121,851,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,449,350 |
| Savings and temporary cash investments | $7,580,082 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $497,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,200,065 |
| Prepaid expenses and deferred charges | $223,112 |
| Net Land, buildings, and equipment | $6,926,204 |
| Investments—publicly traded securities | $24,278,311 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,394,865 |
| Total assets | $149,549,027 |
| Accounts payable and accrued expenses | $8,482,743 |
| Grants payable | $0 |
| Deferred revenue | $8,333 |
| 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 | $91,440,431 |
| Total liabilities | $99,931,507 |
| Net assets without donor restrictions | $49,617,520 |
| 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 | $149,549,027 |
Grants Awarded
Over the last fiscal year, Arc Thrift Stores has awarded $14,927,026 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ACL IN BOULDER COUNTY PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,043,647 |
ARC OF ARAPAHOE AND DOUGLAS INC PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,563,046 |
ADVOCACY DENVER PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,714,700 |
ARC OF SOUTHWEST COLORADO INC PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $276,836 |
ARC OF THE CENTRAL MOUNTAINS PURPOSE: Support Developmentally Disabled | $264,184 |
ARC OF WEST CENTRAL COLORADO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $295,063 |