New Nearly New Inc

Organization Overview

New Nearly New Inc is located in Durham, NC. 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 12/2022, New Nearly New Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Nearly New 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 12/2022, New Nearly New Inc generated $560.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 64.7% each year . All expenses for the organization totaled $579.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

NEW NEARLY NEW WELCOMES YOUR DONATIONS OF CLOTHING, AND OTHER ITEMS SUCH AS HOUSEHOLD GOODS, JEWELRY AND FURNITURE. OUR GOAL IS TO GIVE FREE CLOTHING AND OTHER ITEMS TO PEOPLE IN NEED IN THE DURHAM COMMUNITY AND NORTH CAROLINA COMMUNITY. TO SUPPORT OUR ENDEAVOR, WE WILL SELL A PORTION OF THE DONATED ITEMS IN OUR THRIFT STORE. OUR INTENTION IS TO GIVE AWAY AT LEAST ONE ITEM FOR EVERY ITEM SOLD. WE WILL RELY ON PARTNER ORGANIZATIONS WHO IDENTIFY AND WORK WITH THOSE IN NEED IN OUR COMMUNITY TO DISTRIBUTE OUR ITEMS FOR FREE. WE ALSO WELCOME YOUR CASH AND IN KIND DONATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

2022 WAS A CONTINUATION OF THE GROWTH SEEN IN 2021. WE CONTINUED TO DEVELOP RELATIONSHIPS WITH CUSTOMERS, DONORS AND PARTNERS. WE CONTINUED OUR VISION TO SERVE OUR COMMUNITY BOTH LOCALLY AND STATE-WIDE. OUR GOAL TO GIVE AWAY ONE ITEM FOR EVERY ITEM SOLD IS COMING TO FRUITION WHILE PROVIDING JOBS TO A FEW INDIVIDUALS, PROVIDING VOLUNTEER OPPORTUNITIES TO SOME, PROVIDE A GOOD, CLEAN, SAFE PLACE TO DONATE ITEMS (BOTH NEW AND USED) AND IMPORTANTLY TO OFFER A PLACE FOR OUR COMMUNITY TO SHOP AT REDUCED RATES FOR CLOTHES AND HOUSEHOLD ITEMS. WE WERE ABLE TO ASSIST 4,306 CUSTOMERS WITH 99,862 ITEMS IN 2022. ALL OF OUR REVENUE IS GARNERED FROM THE SALE OF THE ITEMS WHICH IN TURN SUPPORTS OPERATING EXPENSES OF THE FACILITY.WE DONATED THE FOLLOWING ITEMS TO OUR PARTNER ORGANIZATIONS:- ANIMAL SHELTER: 180.6 POUNDS; 145.65 ITEMS- CATHOLIC CHARITIES: 14 ITEMS- DURHAM RESCUE MISSION: 257 ITEMS- WORLD RELIEF DURHAM: 42 ITEMS- HOLY TRINITY LUTHERAN CHURCH: 307.16 POUNDS; 247.71 ITEMS- DAR: 122.34 POUNDS; 130.66 ITEMS- DURHAM BIKE CO-OP: 4 ITEMS- WESTERN CAROLINA: 32,766.22 POUNDS; 9998.36 ITEMS


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Board, Officers & Key Employees

Name (title)Compensation
Lisa G Clark
Secretary / Store Manager
$69,912
W Lowry Caudill
Chair
$0
Charles E Boatright
Vice Chair
$0
Stacey R Mccorison
Treasurer
$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$179,625
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$179,625
Total Program Service Revenue$381,237
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 $560,862

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