Act Two Second Hand Store Inc
- Assets
- $107.5k
- Revenue
- $219.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Oak Bluffs, MA
- Founding
- Data as of
- 12/2023
- EIN
- 84-3828340
Organization Overview
Act Two Second Hand Store Inc is located in Oak Bluffs, MA. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Act Two Second Hand Store Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Act Two Second Hand 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 12/2023, Act Two Second Hand Store Inc generated $219.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $260.3k during the year ending 12/2023. 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
ACT TWO SECOND HAND STORE INC IS A NOT-FOR-PROFIT RETAIL OPERATION WHOSE PRINCIPAL PURPOSE IS TO RAISE FUNDS FOR COMMUNITY THEATER, ARTS, AND EDUCATION ON MARTHAS VINEYARD. WHILE SUPPORTING AND FUNDING OTHER NOT- FOR-PROFIT ORGANIZATIONS, ACT TWO ALSO STRIVES TO BE BOTH A PRINCIPAL YEAR ROUND ISLAND BUSINESS AND SOCIAL ANCHOR IN THE DOWNTOWN BUSINESS DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION OF GOODS AND INVENTORY; PROVIDING AWARDS, DONATIONS, AND GRANTS TO OTHER TAX EXEMPT ORGANIZATIONS AS DESCRIBED IN THE MISSION STATEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin David Ryan President/di | OfficerTrustee | 36 | $55,680 |
Joanne P Ryan Treasurer/cl | OfficerTrustee | 10 | $12,814 |
Alissa Keenan Vice Preside | OfficerTrustee | 36 | $37,650 |
Lori Sue Herman Director | Trustee | 5 | $0 |
Matthew Bagnall Director | Trustee | 5 | $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 | $219,491 |
| Noncash contributions included in lines 1a–1f | $218,902 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,491 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| 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 | $219,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,740 |
| 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 | $160,636 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,734 |
| 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 | $5,015 |
| Advertising and promotion | $0 |
| Office expenses | $11,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,418 |
| Travel | $100 |
| 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 | $5,434 |
| All other expenses | $0 |
| Total functional expenses | $260,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,912 |
| 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 | $17,905 |
| Prepaid expenses and deferred charges | $3,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,716 |
| Total assets | $107,533 |
| Accounts payable and accrued expenses | $2,356 |
| 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 | $40,716 |
| Total liabilities | $43,072 |
| Net assets without donor restrictions | $64,461 |
| 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 | $107,533 |