Mcb Thrift Stores
- Assets
- $67.1k
- Revenue
- $544.8k
- Investments
- $0.0
- Employees
- 15
- Location
- Springfield, MO
- Founding
- 10/2015
- Data as of
- 08/2021
- EIN
- 47-4129590
Organization Overview
Mcb Thrift Stores is located in Springfield, MO. The organization was established in 2015. 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 08/2021, Mcb Thrift Stores employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcb Thrift Stores 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 08/2021, Mcb Thrift Stores generated $544.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.1%) each year. All expenses for the organization totaled $501.3k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE MCB THRIFT STORE SHALL BE TO PROMOTE THE GENERAL WELL- BEING OF OUR MEMBERS AND LEGALLY BLIND INDIVIDUALS OF MISSOURI, AND TO SUPPORT OR PARTICIPATE IN OTHER PROGRAMS PROMOTING THE BEST INTEREST OF LEGALLY BLIND INDIVIDUALS EVERYWHERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THRIFT STORE IN SOUTHERN MISSOURI WHERE USED CLOTHING, FURNITURE, AND HOUSEHOLD GOODS ARE SOLD AT BARGAIN PRICES. ACTIVITIES OF THE RELATED WAREHOUSE PROCESSING CENTER INCLUDE COLLECTING, CLEANING, AND STORING DONATED MERCHANDISE. ACTIVITIES OF THE WAREHOUSE ALSO INCLUDE THE SALE OF DONATED ITEMS THAT ARE NOT SUITABLE FOR SALE IN THE RETAIL STORES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Orr Store Manage | Officer | 40 | $41,343 |
Robert Vaughn Treasurer | OfficerTrustee | 1 | $0 |
Sara Edmonds Secretary | OfficerTrustee | 1 | $0 |
Denny Huff President | OfficerTrustee | 1 | $0 |
Sherri Keller Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $54,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,292 |
| 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 | $489,412 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $544,756 |
| 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. | $45,218 |
| Compensation of current officers, directors, key employees. | $45,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,223 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,004 |
| Payroll taxes | $24,494 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,526 |
| Fees for services: Accounting | $7,606 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $412 |
| Office expenses | $4,017 |
| Information technology | $3,123 |
| Royalties | $0 |
| Occupancy | $179,966 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,162 |
| Insurance | $14,887 |
| All other expenses | $1,879 |
| Total functional expenses | $501,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,394 |
| 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 | $1,317 |
| Prepaid expenses and deferred charges | $8,835 |
| Net Land, buildings, and equipment | $42,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,052 |
| Accounts payable and accrued expenses | $12,763 |
| 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 | $12,763 |
| Net assets without donor restrictions | $54,289 |
| 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 | $67,052 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mcb Thrift Stores has recieved totaling $63,323.
| Awarding Organization | Amount |
|---|---|
Missouri Council Of The Blind St Louis, MO PURPOSE: OPERATIONAL SUPPORT | $63,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Goodwill Inc Memphis, TN | $14,007,332 | $45,591,658 |
Sharing Connections Inc Downers Grove, IL | $1,421,434 | $5,757,318 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Lexington Rescue Mission Inc Lexington, KY | $3,687,691 | $2,773,150 |
Depot Outlet Inc Decorah, IA | $1,906,503 | $2,062,809 |
Adelante Thrift Inc Kansas City, KS | $255,188 | $1,547,974 |
Park Avenue Thrift Inc Enid, OK | $1,268,783 | $1,759,306 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |
Pass It On Center Crestwood, IL | $416,345 | $1,343,200 |
We Care Community Services Inc Dayton, TN | $2,321,590 | $1,212,770 |
Good Neighbors Thrift Shop Inc Lenoir City, TN | $1,316,271 | $1,004,712 |
Et Cetera Shop Inc Weatherford, OK | $754,713 | $935,275 |