Ten Thousand Villages Of Cincinnati Inc
- Assets
- $489.1k
- Revenue
- $290.5k
- Investments
- $0.0
- Employees
- 9
- Location
- Cincinnati, OH
- Founding
- 08/2002
- Data as of
- 12/2023
- EIN
- 38-3643744
Organization Overview
Ten Thousand Villages Of Cincinnati Inc is located in Cincinnati, OH. The organization was established in 2002. 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 12/2023, Ten Thousand Villages Of Cincinnati Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ten Thousand Villages Of Cincinnati 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 12/2023, Ten Thousand Villages Of Cincinnati Inc generated $290.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $361.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 9 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TEN THOUSAND VILLAGES, AS AN EXPRESSION OF CHRISTIAN FAITH AND CARING FOR THOSE IN NEED, ENABLES ARTISANS IN DEVELOPING COUNTRIES TO EARN INCOME BY BRINGING THEIR PRODUCTS AND STORIES TO ITS MARKETS THROUGH LONG-TERM, FAIR TRADING RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEN THOUSAND VILLAGES OF CINCINNATI, OH, IS A FAIR TRADE RETAILER OF ARTISAN CRAFTED HOME DECOR, PERSONAL ACCESSORIES AND GIFT ITEMS FROM ACROSS THE GLOBE. FEATURING PRODUCTS FROM MORE THAN 130 ARTISAN GROUPS IN SOME 38 COUNTRIES, WE ARE PART OF A NETWORK OF OVER 390 RETAIL OUTLETS THROUGHOUT THE UNITED STATES SELLING TEN THOUSAND VILLAGES PRODUCTS. TEN THOUSAND VILLAGES OF CINCINNATI IS A CHARTER OF TEN THOUSAND VILLAGES. AS ONE OF THE WORLD'S OLDEST AND LARGEST FAIR TRADE ORGANIZATIONS, TEN THOUSAND VILLAGES HAS SPENT MORE THAN 70 YEARS CULTIVATING TRADING RELATIONSHIPS IN WHICH ARTISANS RECEIVE A FAIR PRICE FOR THEIR WORK AND CONSUMERS HAVE ACCESS TO DISTINCTIVE HANDCRAFTED ITEMS. WE SEEK TO ESTABLISH LONG-TERM BUYING RELATIONSHIPS IN PLACES WHERE SKILLED ARTISANS ARE UNDER OR UNEMPLOYED, AND IN WHICH THEY LACK OTHER OPPORTUNITIES FOR INCOME. A FOUNDING MEMBER OF THE WORLD FAIR TRADE ORGANIZATION, TEN THOUSAND VILLAGES SEES FAIR TRADE AS AN ALTERNATIVE APPROACH TO CONVENTIONAL INTERNATIONAL TRADE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Bruns Director | Trustee | 1 | $0 |
Judy Vander Henst Vice Chair | OfficerTrustee | 1 | $0 |
Rebecca Lyons Treasurer | OfficerTrustee | 1 | $0 |
Lacey Rex Chair | OfficerTrustee | 3 | $0 |
Jodi Bockenstette Director | Trustee | 1 | $0 |
Patricia Coyne Part Year Director | Trustee | 1 | $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 | $48,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,158 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $241,974 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $290,520 |
| 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 | $131,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,045 |
| Advertising and promotion | $5,938 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,433 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146 |
| Insurance | $3,930 |
| All other expenses | $14,832 |
| Total functional expenses | $361,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $292,469 |
| Savings and temporary cash investments | $0 |
| 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 | $178,490 |
| Prepaid expenses and deferred charges | $3,151 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,987 |
| Total assets | $489,097 |
| Accounts payable and accrued expenses | $71,352 |
| 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 | $154,410 |
| Other liabilities | $0 |
| Total liabilities | $225,762 |
| Net assets without donor restrictions | $263,335 |
| 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 | $489,097 |