Roots Thrift Store Inc
- Assets
- $95.1k
- Revenue
- $266.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Ellijay, GA
- Founding
- Data as of
- 06/2024
- EIN
- 87-4065830
Organization Overview
Roots Thrift Store Inc is located in Ellijay, GA. 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 06/2024, Roots Thrift Store Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roots Thrift 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 06/2024, Roots Thrift Store Inc generated $266.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $256.0k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THRIFT STORE TO RELIVE THE POOR, DISTRESSED & UNDERPRIVILEGED INDIVIDUALS IN NORTH GA THROUGH SALE OF USED GOODS. PROCEEDS OF WHICH ARE USED TO SUPPORT EDUCATIONAL & RELIGIOUS ORGANIZATIONS IN NORTH GA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THRIFT STORE IN ORDER TO PROVIDE FINANCIAL ASSISTANCE TO RELIGIOUS & EDUCATIONAL ENTITIES IN THE NORTH GEORGIA AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Dotson Board Member | Trustee | 1 | $0 |
Angie Hamrick Board Member | Trustee | 1 | $0 |
Katherene Moyers Board Member | Trustee | 1 | $0 |
David Walker Board Member | Trustee | 1 | $0 |
Jon Jones Chairperson | Officer | 1 | $0 |
Daniel Lopez Vice Chairman | Officer | 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 | $266,536 |
| Noncash contributions included in lines 1a–1f | $266,536 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $266,536 |
| Total Program Service Revenue | $0 |
| Investment income | $153 |
| 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 | $266,689 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $112,094 |
| 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 | $44,322 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,285 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,245 |
| Advertising and promotion | $1,213 |
| Office expenses | $5,295 |
| Information technology | $1,932 |
| Royalties | $0 |
| Occupancy | $58,922 |
| Travel | $0 |
| 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 | $3,040 |
| All other expenses | $11,221 |
| Total functional expenses | $255,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,073 |
| Savings and temporary cash investments | $48,989 |
| 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 | $95,062 |
| Accounts payable and accrued expenses | $2,494 |
| 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 | $2,494 |
| Net assets without donor restrictions | $92,568 |
| 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 | $95,062 |
Grants Awarded
Over the last fiscal year, Roots Thrift Store Inc has awarded $101,744 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FOSTERING ROOTS PURPOSE: OPERATIONS | $47,645 |
APPALACHIAN CASA PURPOSE: EVENT SPONSOR | $5,500 |
NORTH GA CHRISTIAN ACADEMY PURPOSE: OPERATIONS | $48,599 |