Ric-Rack Resource Interaction Council Inc
- Assets
- $0.0
- Revenue
- $117.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Dawsonville, GA
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 58-2034207
Organization Overview
Ric-Rack Resource Interaction Council Inc is located in Dawsonville, GA. 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 12/2021, Ric-Rack Resource Interaction Council Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ric-Rack Resource Interaction Council 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, Ric-Rack Resource Interaction Council Inc generated $117.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (13.0%) each year. All expenses for the organization totaled $82.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 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
CHARITABLE ORGANIZATION OPERATING A THRIFT STORE & FOOD BANK IN DAWSONVILLE, GA
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING PROVIDED FOR OTHER COMMUNITY ORGANIZATIONS AND FOR THE PURCHASE OF SURPLUS FOOD FOR PROVIDING SERVICES TO NEEDY FAMILIES.
BUILDING PROVIDES HOUSING FOR THE THRIFT STORE AND FOOD BANK AND VEHICLES ENABLE PICKUP SERVICES FOR DONATED ITEMS.
STAFF MANAGES THRIFT STORE AND PROVIDES PICKUP SERVICES FOR DONATED ITEMS.
BUILDING PROVIDES HOUSING FOR THE THRIFT STORE AND FOOD BANK AND VEHICLES ENABLE PICKUP SERVICES FOR DONATED ITEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Pierce Ass't Chairm | OfficerTrustee | 12 | $0 |
Michael Poynter Advertising | Trustee | 1 | $0 |
Robert Inman Chairman | OfficerTrustee | 20 | $0 |
Doug Powell Church Liais | Trustee | 1 | $0 |
Olivia Bevilacqua Secretary | OfficerTrustee | 4 | $0 |
Marsha Inman Thrift Store | Trustee | 4 | $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 | $23,457 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,457 |
| Total Program Service Revenue | $0 |
| Investment income | $183 |
| 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 | $88,196 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600 |
| 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 | $42,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,371 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,987 |
| Advertising and promotion | $454 |
| Office expenses | $225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,338 |
| 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 | $10,723 |
| Insurance | $0 |
| All other expenses | $360 |
| Total functional expenses | $82,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Ric-Rack Resource Interaction Council Inc has awarded $14,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GOOD SHEPARD CLINIC OF DAWSON CO PURPOSE: SUPPORT FOR NEEDY | $6,000 |
SAINT VINCENT DEPAULSAINT VINCENT DEPAUL PURPOSE: SUPPORT FOR NEEDY | $8,000 |