Lopez Thrift Shop
- Assets
- $434.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lopez Island, WA
- Founding
- 05/2005
- Data as of
- 12/2023
- EIN
- 91-1641428
Organization Overview
Lopez Thrift Shop is located in Lopez Island, WA. The organization was established in 2005. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lopez Thrift Shop 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, Lopez Thrift Shop generated $108.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $116.2k during the year ending 12/2023. While expenses have increased by 7.3% per year over the past 8 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
OPERATE USED CLOTHING THRIFT SHOP WITH VOLUNTEER LABOR AND DONATED GOODS TO RAISE FUNDS FOR USE BY DESERVING LOPEZ ISLAND NON PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Migael Scherer President | 2 | $0 | |
Laura Sela Secretary | 1 | $0 | |
Carol Jones Treasurer | 2 | $0 | |
Gayle Isbell Trustee | 1 | $0 | |
Linda Zerbst Trustee | 1 | $0 | |
Arletta Mansfield Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,082 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $108,082 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,380 |
| Occupancy, rent, utilities, and maintenance | $22,165 |
| Printing, publications, postage, and shipping | $402 |
| Other expenses | $13,164 |
| Total expenses | $116,211 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $141,533 |
| Other assets | $0 |
| Total assets | $434,926 |
| Total liabilities | $2,321 |
| Net assets or fund balances | $432,605 |