Faith Hope & Charity Recycle Store Inc
- Assets
- $1.6m
- Revenue
- $865.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Ellijay, GA
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 03-0388043
Organization Overview
Faith Hope & Charity Recycle Store Inc is located in Ellijay, GA. The organization was established in 2004. 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. Faith Hope & Charity Recycle 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 12/2021, Faith Hope & Charity Recycle Store Inc generated $865.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $586.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Faith Hope & Charity Recycle Store Inc has awarded 78 individual grants totaling $1,278,789. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTANCE TO THE NEEDY AND DISASTER VICTIMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATED ITEMS ARE SOLD THROUGH THRIFT STORE, AND FUNDS ARE USED TO PROVIDE ASSISTANCE TO NEEDY INDIVIDUALS, OTHER CHARITABLE ORGANIZATION AND DISASTER VICTIMS. THE ENTIRE ORGANIZATION IS COMPLETELY OPERATED BY VOLUNTEERS. TOTAL VOLUNTEER HOURS FOR 2021 WERE 35,697.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Sanford President | OfficerTrustee | 1 | $0 |
Stacey Graham Vice Chairman Of Board | OfficerTrustee | 1 | $0 |
Cheryl Worley Chairman Of Board | OfficerTrustee | 20 | $0 |
Joel Taylor Treasurer | OfficerTrustee | 20 | $0 |
Dan Thompson Secretary/asst Treasurer | OfficerTrustee | 1 | $0 |
Marcia Phillips Store Manager | Trustee | 20 | $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 | $818,793 |
| Noncash contributions included in lines 1a–1f | $801,722 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $818,793 |
| Total Program Service Revenue | $0 |
| Investment income | $107 |
| 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 | $46,575 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $865,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $195,323 |
| Grants and other assistance to domestic individuals. | $198,194 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $410 |
| Office expenses | $6,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,522 |
| Travel | $1,695 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,261 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,014 |
| Insurance | $16,738 |
| All other expenses | $0 |
| Total functional expenses | $586,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435,227 |
| Savings and temporary cash investments | $56,049 |
| 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 | $164,585 |
| Prepaid expenses and deferred charges | $3,545 |
| Net Land, buildings, and equipment | $958,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,617,842 |
| Accounts payable and accrued expenses | $12,992 |
| 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 | $12,992 |
| Net assets without donor restrictions | $1,604,850 |
| 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 | $1,617,842 |
Grants Awarded
Over the last fiscal year, Faith Hope & Charity Recycle Store Inc has awarded $147,567 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN LEARNING CENTER PURPOSE: OPERATIONS | $23,360 |
Jasper, GA PURPOSE: OPERATIONS | $18,860 |
Ellijay, GA PURPOSE: OPERATIONS | $18,000 |
Ellijay, GA PURPOSE: OPERATIONS | $17,027 |
Jasper, GA PURPOSE: OPERATIONS | $12,750 |
Ellijay, GA PURPOSE: OPERATIONS | $10,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Goodwill Inc Memphis, TN | $14,007,332 | $45,591,658 |
Atlanta Union Mission Corporation Hcsr Atlanta, GA | $60,885,484 | $20,504,830 |
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Vapor Ministries Inc Sylacauga, AL | $7,649,507 | $9,129,570 |
Guardian Angel Thrift Fuquay Varina, NC | $1,635,752 | $2,673,935 |
Poverello Center Inc Wilton Manors, FL | $4,969,288 | $2,314,120 |
Chatham Pta Thrift Shop Inc Siler City, NC | $1,001,947 | $1,744,375 |
East Cooper Home Store Inc Mount Pleasant, SC | $431,257 | $1,756,791 |
Seeds Of Mustard Ministries Corporation Cary, NC | $918,004 | $1,738,508 |
American Home Furnishings Hall Of Fame Foundation Inc High Point, NC | $6,073,735 | $3,252,692 |
The Clothes Less Traveled Thrift Shop Inc Peachtree City, GA | $1,330,927 | $1,604,886 |
Hand Up Inc Calhoun, GA | $1,679,036 | $1,708,856 |