Tabithas Way
- Assets
- $2.7m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 25
- Location
- Spanish Fork, UT
- Founding
- 05/2011
- Data as of
- 12/2021
- EIN
- 27-3402820
Organization Overview
Tabithas Way is located in Spanish Fork, UT. The organization was established in 2011. 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 12/2021, Tabithas Way employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tabithas Way 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, Tabithas Way generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $5.7m during the year ending 12/2021. While expenses have increased by 12.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FEED AND CLOTHE DISADVANTAGED INDIVIDUALS AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, TABITHAS WAY WAS ABLE TO HELP FEED CLOTHE DISADVANTAGED 77,561 INDIVIDUALS AND FAMILIES THROUGH FOOD PANTRY, CLOTHING DONATIONS, TOY GIVEAWAYS, CHRISTMAS DINNERS, AND BACKPACK GIVEAWAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Osborne Director | OfficerTrustee | 40 | $0 |
Al Switzler Vice President | Officer | 40 | $0 |
Sierra Sorensen Treasurer | Officer | 8 | $0 |
Chuck Irwin Secretary | Officer | 5 | $0 |
Kena Matthews Board Member | Trustee | 3 | $0 |
Mike Carter Board Member | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,465,428 |
| Noncash contributions included in lines 1a–1f | $4,510,920 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,653,579 |
| Total Program Service Revenue | $0 |
| Investment income | $398 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $13,050 |
| 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 | $6,667,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,391,312 |
| 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 | $660,923 |
| 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 | $4,419 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,166 |
| Advertising and promotion | $6,630 |
| Office expenses | $56,692 |
| Information technology | $6,526 |
| Royalties | $0 |
| Occupancy | $134,933 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,537 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $156,639 |
| Insurance | $4,203 |
| All other expenses | $141,039 |
| Total functional expenses | $5,737,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,282,893 |
| Savings and temporary cash investments | $512,366 |
| Pledges and grants receivable | $2,125 |
| 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 | $948,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,745,428 |
| 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 | $7,808 |
| Other liabilities | $501,876 |
| Total liabilities | $509,684 |
| Net assets without donor restrictions | $2,235,744 |
| 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 | $2,745,428 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Tabithas Way has recieved totaling $71,380.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $30,300 |
Pi Foundation Inc Salt Lake City, UT | | $20,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,864 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $5,690 |
Molina Healthcare Charitable Foundation Wilmington, DE PURPOSE: THANKSGIVING FOOD BASKETS | $5,000 |
The Miner Family Foundation St George, UT PURPOSE: GENERAL DONATION FOR OPERATING PURPOSES | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tabithas Way Spanish Fork, UT | $2,745,428 | $6,667,027 |
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Vail Valley Cares Inc Edwards, CO | $3,973,147 | $3,753,850 |
Big Brothers Big Sisters Of Central New Mexico Donation Center Inc Albuquerque, NM | $1,509,034 | $2,745,299 |
St Vincent De Paul Society Archdiocese Of Santa Fe Albuquerque, NM | $3,073,057 | $2,711,776 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Cornerstone Mission Project Kingman, AZ | $767,107 | $1,015,315 |
Big Brothers Big Sisters Of Tucson Donation Center Inc Tucson, AZ | $500,671 | $971,494 |
Wabisabi Inc Moab, UT | $328,829 | $787,061 |
Mustard Seed Ministries Inc Twin Falls, ID | $1,168,061 | $749,846 |