Refresh Thrift Inc
- Assets
- $11.4k
- Revenue
- $218.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Portage, MI
- Founding
- Data as of
- 12/2021
- EIN
- 85-1282905
Organization Overview
Refresh Thrift Inc is located in Portage, MI. 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, Refresh Thrift Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Refresh Thrift 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 12/2021, Refresh Thrift Inc generated $218.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.6% each year . All expenses for the organization totaled $211.2k during the year ending 12/2021. While expenses have increased by 30.6% per year over the past 2 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
A NON-PROFIT THRIFT STROE THAT OFFERS ON-TREND CLOTHING, HOME DECOR, HOUSEHOLD GOODS, AN MORE. ALL DONATIONS AND PURCHASE HELP SUPPORT THOSE IN NEED WITHIN THE KALAMAZOO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A NON-PROFIT THRIFT STROE THAT OFFERS ON-TREND CLOTHING, HOME DECOR, HOUSEHOLD GOODS, AN MORE. ALL DONATIONS AND PURCHASE HELP SUPPORT THOSE IN NEED WITHIN THE KALAMAZOO COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Morgan Worden Executive Di | Trustee | 40 | $82,692 |
Brenden Buchanan Director | Trustee | 2 | $0 |
Bill Clipfell Director | Trustee | 2 | $0 |
Zoe Worden Director | Trustee | 2 | $0 |
Suzi Clipfell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,541 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,541 |
| Total Program Service Revenue | $208,075 |
| 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 | $218,616 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,050 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,692 |
| Compensation of current officers, directors, key employees. | $41,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,055 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,174 |
| Payroll taxes | $26,092 |
| 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 | $3,861 |
| Office expenses | $27,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,687 |
| Travel | $1,984 |
| 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 | $1,662 |
| All other expenses | $0 |
| Total functional expenses | $211,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,424 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,424 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $11,424 |
| 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 | $11,424 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bibles For Missionsthrift Centers Hudsonville, MI | $8,979,517 | $6,480,350 |
St Vincent De Paul Society District Council Of Green Bay Green Bay, WI | $6,984,787 | $5,313,113 |
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 |
St Vincent De Paul Council Of Neenah-Menasha Inc Neenah, WI | $2,036,881 | $1,874,816 |
Fort Wayne Society Of St Vincent Depaul Inc Fort Wayne, IN | $1,872,143 | $1,538,116 |
St Josephs Conference Of The Societ St Vincent De Paul Inc Rice Lake, WI | $1,420,027 | $1,322,338 |
Thriftology Inc Fredericksburg, OH | $865,769 | $1,716,371 |
District Of Evansville Of The Society Of St Vincent De Paul Inc Evansville, IN | $3,528,362 | $1,814,462 |
St Vincent De Paul Charitable Enterprises Inc Dayton, OH | $1,036,487 | $913,920 |
Holmes-Tuscarawas Mennonite Save- And-Serve Shops Inc Millersburg, OH | $2,361,273 | $1,217,107 |
Country Closet Thrift Shop Inc Plain City, OH | $1,037,355 | $987,571 |