3 Way Thrift Store Inc
- Assets
- $4.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 33
- Location
- Chino, CA
- Founding
- 04/1994
- Data as of
- 12/2021
- EIN
- 33-0595633
Organization Overview
3 Way Thrift Store Inc is located in Chino, CA. The organization was established in 1994. 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, 3 Way Thrift Store Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 3 Way 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 12/2021, 3 Way Thrift Store Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 5.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE THRIFT STORES TO RAISE FUNDS TO SUPPORT OTHER 501(C)3 ORGANIZATIONS
Describe the Organization's Program Activity:
OPERATED 2 THRIFT STORES TO RAISE AND DISTRIBUTE PROCEEDS OF OPERATIONS TO OTHER NON-PROFIT ORGANIZATIONS. DURING 2021 $450,000 WAS DISTRIBUTED TO OTHER NON-PROFITS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harvey Luth Vice President | OfficerTrustee | 3 | $0 |
Todd Wester Treasurer | OfficerTrustee | 4 | $0 |
Leann Jarvis Secretary | OfficerTrustee | 2 | $0 |
Norm Zuidema President | OfficerTrustee | 2 | $0 |
Jeanette Vandermolen Board Member | Trustee | 2 | $0 |
Carla Kleinjan Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Options Staffing Solutions Staffing Agency | 12/30/21 | $318,261 |
Inland Staffing Inc Staffing Agency | 12/30/21 | $956,889 |
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 | $3,676,372 |
| Noncash contributions included in lines 1a–1f | $3,676,122 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,676,372 |
| Total Program Service Revenue | $0 |
| Investment income | $378 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,613 |
| Net Gain/Loss on Asset Sales | $23,383 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $615 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,164,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $948,794 |
| Pension plan accruals and contributions | $13,717 |
| Other employee benefits | $22,576 |
| Payroll taxes | $75,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,333,871 |
| Advertising and promotion | $21,409 |
| Office expenses | $22,129 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $306,493 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,945 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,140 |
| Insurance | $91,954 |
| All other expenses | $41,590 |
| Total functional expenses | $3,652,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $385,898 |
| Savings and temporary cash investments | $498,852 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,571 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127,000 |
| Prepaid expenses and deferred charges | $18,615 |
| Net Land, buildings, and equipment | $2,922,072 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,923 |
| Total assets | $3,968,931 |
| Accounts payable and accrued expenses | $131,126 |
| 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 | $402,320 |
| Other liabilities | $0 |
| Total liabilities | $533,446 |
| 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 | $2,922,072 |
| Retained earnings, endowment, accumulated income, or other funds | $513,413 |
| Total liabilities and net assets/fund balances | $3,968,931 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunshine Acres Boutique & Donation Center Inc Mesa, AZ | $1,532,398 | $4,929,389 |
Achievement House Inc San Luis Obispo, CA | $9,588,064 | $4,686,736 |
3 Way Thrift Store Inc Chino, CA | $3,968,931 | $4,164,171 |
Golden Goose Thrift Shop Tucson, AZ | $3,626,680 | $2,329,296 |
Tavern Guild Foundation Of San Francisco Inc San Francisco, CA | $1,608,294 | $2,133,218 |
Neighborhood Industries Fresno, CA | $1,638,421 | $2,277,011 |
Desert Thrift Shop Inc Mesa, AZ | $1,710,826 | $1,738,589 |
All Out Caring Inc Pomona, CA | $728,758 | $1,913,953 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
West Valley Lutheran Thrift Shop Inc Phoenix, AZ | $726,380 | $920,987 |
Bay Area Furniture Bank Sunnyvale, CA | $1,213,792 | $1,121,491 |
Cornerstone Mission Project Kingman, AZ | $767,107 | $1,015,315 |