The Clothes Less Traveled Thrift Shop Inc
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $364.7k
- Employees
- 42
- Location
- Peachtree City, GA
- Founding
- 09/1997
- Data as of
- 12/2021
- EIN
- 58-2278190
Organization Overview
The Clothes Less Traveled Thrift Shop Inc is located in Peachtree City, GA. The organization was established in 1997. 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, Clothes Less Traveled Thrift Shop Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clothes Less Traveled Thrift Shop 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, Clothes Less Traveled Thrift Shop Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.3%) 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
SELL DONATED CLOTHING, HOUSEWARES, AND FURNITURE AT REASONABLE PRICES, SO THAT THOSE LESS FORTUNATE HAVE THE ABILITY TO PURCHASE QUALITY ITEMS AT AFFORDABLE PRICES. OFFER VOUCHERS THROUGH APPROVED AGENCIES TO THOSE IN NEED. SUPPORT LOCAL CHARITIES BY AWARDING GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES ARE TOTAL OPERATIONAL EXPENSES, LESS ADMINISTRATIVE EXPENSES AND SCHOLARSHIP EXPENSES
A PORTION OF OUR PROFITS ARE USED TO PROVIDE ANNUAL SCHOLARSHIPS TO LOCAL HIGH SCHOOL SENIORS WHO HAVE DEMONSTRATED SIGNIFICANT CONTRIBUTIONS TO THE COMMUNITY THROUGH VOLUNTEER SERVICE HOURS AND WHO HAVE ALSO MAINTAINED HIGH ACADEMIC STANDARDS. SCHOLARSHIP RECIPIENTS ARE SELECTED BY A COMMITTEE AFTER SUBMISSION OF A SCHOLARSHIP APPLICATION. SCHOLARSHIP PAYMENTS ARE MADE DIRECTLY TO THE COLLEGE ATTENDED BY THE SCHOLARSHIP AWARD RECIPIENTS.
A PORTION OF OUR PROFITS ARE USED TO SUPPORT LOCAL CHARITIES BY AWARDING GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Shockley Former Exe Dir | Officer | 40 | $36,923 |
Margaret Thomas Chairman | OfficerTrustee | 15 | $0 |
Pam Reid Director | Trustee | 5 | $0 |
Clay Murfet Director | Trustee | 5 | $0 |
Kim Schnoes Director | Trustee | 5 | $0 |
Jordan Guest Director | Trustee | 5 | $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 | $10,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,549 |
| Total Program Service Revenue | $1,548,188 |
| Investment income | $47,056 |
| 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 | -$2,784 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,604,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $15,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,923 |
| Compensation of current officers, directors, key employees. | $9,231 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,932 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,788 |
| Payroll taxes | $62,980 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,768 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,610 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,489 |
| Office expenses | $10,554 |
| Information technology | $14,857 |
| Royalties | $0 |
| Occupancy | $236,304 |
| 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 | $0 |
| Insurance | $12,730 |
| All other expenses | $4,640 |
| Total functional expenses | $1,203,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $354,626 |
| Savings and temporary cash investments | $591,550 |
| 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 | $20,053 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $364,698 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,330,927 |
| Accounts payable and accrued expenses | $9,515 |
| 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 | $9,515 |
| Net assets without donor restrictions | $1,321,412 |
| 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 | $1,330,927 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Clothes Less Traveled Thrift Shop Inc has recieved totaling $10,149.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $149 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Vapor Ministries Inc Sylacauga, AL | $7,649,507 | $9,129,570 |
Guardian Angel Thrift Fuquay Varina, NC | $1,635,752 | $2,673,935 |
Poverello Center Inc Wilton Manors, FL | $4,969,288 | $2,314,120 |
Chatham Pta Thrift Shop Inc Siler City, NC | $1,001,947 | $1,744,375 |
East Cooper Home Store Inc Mount Pleasant, SC | $431,257 | $1,756,791 |
Seeds Of Mustard Ministries Corporation Cary, NC | $918,004 | $1,738,508 |
American Home Furnishings Hall Of Fame Foundation Inc High Point, NC | $6,073,735 | $3,252,692 |
The Clothes Less Traveled Thrift Shop Inc Peachtree City, GA | $1,330,927 | $1,604,886 |
Hand Up Inc Calhoun, GA | $1,679,036 | $1,708,856 |
Asbury Thrift Store Inc Madison, AL | $2,796,336 | $1,602,848 |
North Brevard Charities Sharing Center Inc Titusville, FL | $3,289,174 | $967,626 |