Bargains Galore Thrift Store
- Assets
- $1.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 39
- Location
- Mount Vernon, WA
- Founding
- 01/1996
- Data as of
- 09/2022
- EIN
- 94-3217641
Organization Overview
Bargains Galore Thrift Store is located in Mount Vernon, WA. The organization was established in 1996. 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 09/2022, Bargains Galore Thrift Store employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bargains Galore Thrift Store 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 09/2022, Bargains Galore Thrift Store generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $945.3k during the year ending 09/2022. While expenses have increased by 6.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FUNDS TO MOUNT VERNON CHRISTIAN SCHOOL AN EXEMPT ORGANIZATION K-12 SCHOOL TO MAKE CHRISTIAN EDUCATION MORE AFFORDABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS TO MOUNT VERNON CHRISTIAN SCHOOL A NON-PROFIT ORGANIZATION TO MAKE CHRISTIAN EDUCATION MORE AFFORDABLE. ALSO TO PROVIDE ON THE JOB TRAINING TO VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Cisneros Manager | Officer | 40 | $51,792 |
Harmen Dejong Treasurer | Officer | 10 | $0 |
Irene Feddema President | Officer | 10 | $0 |
Jill Rouw Vice Preside | Officer | 10 | $0 |
Jayne Hammingh Secretary | Officer | 10 | $0 |
Nancy Visser Assist Sec/t | Officer | 10 | $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 | $82 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82 |
| Total Program Service Revenue | $1,061,578 |
| Investment income | $131 |
| 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 | $1,061,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $116,458 |
| 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. | $51,792 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,740 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,018 |
| Office expenses | $29,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $32,239 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,862 |
| Insurance | $16,259 |
| All other expenses | $0 |
| Total functional expenses | $945,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,460 |
| Savings and temporary cash investments | $198,043 |
| 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 | $1,317,334 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,721,837 |
| Accounts payable and accrued expenses | $9,868 |
| 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 | $816,162 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $826,030 |
| Net assets without donor restrictions | $0 |
| 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 | $895,807 |
| Total liabilities and net assets/fund balances | $1,721,837 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bargains Galore Thrift Store has recieved totaling $62.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Retail Seattle, WA | $1,472,290 | $2,550,770 |
St Vincent De Paul Society Diocesan Of Southeast Alaska Inc Juneau, AK | $5,303,138 | $2,196,731 |
Particular Council Of Tacoma Society Of Saint Vincent De Paul Tacoma, WA | $1,119,850 | $1,605,958 |
Island Thrift Oak Harbor, WA | $1,109,541 | $1,303,558 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
Bargains Galore Thrift Store Mount Vernon, WA | $1,721,837 | $1,061,791 |
Anchorage Remade Anchorage, AK | $1,369,286 | $693,974 |
Mustard Seed Ministries Inc Twin Falls, ID | $1,168,061 | $749,846 |
Simple & Just Seattle, WA | $200,112 | $563,252 |
With Love Oregon Tigard, OR | $1,459,676 | $1,183,526 |
Society Of St Vincent De Paul Lapine Or La Pine, OR | $926,689 | $510,641 |
Red Hat Thrift Store Longview, WA | $84,788 | $451,347 |