Great Lakes Mennonite Thrift Inc
- Assets
- $71.4k
- Revenue
- $367.8k
- Investments
- $0.0
- Employees
- 13
- Location
- Goshen, IN
- Founding
- Data as of
- 12/2023
- EIN
- 86-3205343
Organization Overview
Great Lakes Mennonite Thrift Inc, operating under the name Thrift at Woodland Crossing, is located in Goshen, IN. 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 12/2023, Thrift at Woodland Crossing employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrift at Woodland Crossing 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, Thrift at Woodland Crossing generated $367.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 63.5% each year . All expenses for the organization totaled $360.5k 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
TO OPERATE A THRIFT STORE FOR THE PURPOSE OF SUPPORTING THE PROGRAMS AND PROJECTS OF MENNONITE CENTRAL COMMITTEE AND LOCAL NEEDS THROUGH SHARED SKILLS, GIFTS, AND SERVICES IN THE NAME OF CHRIST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THRIFT STORE WHICH SERVED COMMUNITY THROUGH PROVIDING QUALITY AND AFFORDABLE GOODS. PROGRESS MADE IN GROWING CUSTOMER BASE AND RECEIVING DONATIONS OF CLOTHING/HOUSEHOLD GOODS, FOR THE ULTIMATE PURPOSE OF GENERATING PROCEEDS TO SUPPORT MENNONITE CENTRAL COMMITTEE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Shenk Treasurer | OfficerTrustee | 1 | $0 |
Phil Stauffer Secretary | OfficerTrustee | 1 | $0 |
Jim Yoder Chair | OfficerTrustee | 1 | $0 |
Loanne Harms Vice Chair | OfficerTrustee | 1 | $0 |
Rose Shetler Director | Trustee | 1 | $0 |
Deb King Director | Trustee | 1 | $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 | $367,523 |
| Noncash contributions included in lines 1a–1f | $362,958 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,523 |
| Total Program Service Revenue | $0 |
| Investment income | $287 |
| 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 | $367,810 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,167 |
| Grants and other assistance to domestic individuals. | $105 |
| 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 | $170,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,423 |
| Payroll taxes | $14,721 |
| Fees for services: Management | $2,032 |
| 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 | $1,957 |
| Office expenses | $5,692 |
| Information technology | $4,573 |
| Royalties | $0 |
| Occupancy | $139,601 |
| Travel | $368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $291 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,396 |
| All other expenses | $0 |
| Total functional expenses | $360,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,509 |
| Savings and temporary cash investments | $25,287 |
| 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 | $15,618 |
| 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 | $71,414 |
| 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 | $300,000 |
| Total liabilities | $300,000 |
| Net assets without donor restrictions | -$230,304 |
| Net assets with donor restrictions | $1,718 |
| 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 | $71,414 |