Born Again Bargains Inc
- Assets
- $29.0k
- Revenue
- $116.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Philadelphia, MS
- Founding
- 03/2016
- Data as of
- 12/2021
- EIN
- 81-0852392
Organization Overview
Born Again Bargains Inc is located in Philadelphia, MS. The organization was established in 2016. 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, Born Again Bargains Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Born Again Bargains 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, Born Again Bargains Inc generated $116.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $105.3k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE RESALE STORE WAS GIVEN BIRTH AFTER THE OUTCRY OF THE COMMUNITY WAS HEARD WANTING THIS TYPE OF STORE BACK. SO IT WAS GIVEN THE NAME BORN AGAIN BARGAINS OF PHILADELPHIA INC. THE NAME NOT ONLY REFLECTS THE REBIRTH OF A STORE BUT REFLECTS OUR STAND WITH THE LORD JESUS CHRIST. WE BELIEVE THAT JESUS IS GOD IN HUMAN FORM AND THAT HE DIED ON THE CROSS TO PAY THE PENALTY FOR OUR SINS. GOD INCARNATE IS THE ONLY PAYMENT AND ON THE THIRD DAY JESUS WAS RESURRECTED AS A GUARANTEE THAT WE WILL HAVE ETERNAL LIFE AFTER DEATH. AS WE ANSWER THE CALLS WE ARE WITNESSING OUR BELIEF. THE NAME ALSO SYMBOLIZES THE ITEMS THAT ARE UNWANTED OR NO LONGER NEEDED THAT BECOME BORN AGAIN BY OTHERS WHO VALUE IT. AND LASTLY, THAT THERE WILL BE BORN AGAIN HOPE IN THOSE WHO ARE IN NEED IN TIMES OF DARKNESS. WE ARE LOCALLY AND PRIVATELY OWNED, A NONPROFIT MINISTRY THAT IS DEDICATED TO THE PURPOSE AND GOAL OF SERVING THIS COMMUNITY TO THE BEST OF OUR ABILITY ALONG WITH YOUR HELP. OUR FOCUS IS TO PROVIDE SOMETHING FOR EV
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESALE OF CLOTHES AND HOUSEHOLD TO NEEDY AT AFFORDABLE PRICES
OTHER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn A Mcnair President | OfficerTrustee | $0 | |
Judy M Cox Vp/secretary | OfficerTrustee | $0 | |
Mike Skinner Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,503 |
| Noncash contributions included in lines 1a–1f | $105,503 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,430 |
| 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 | $1,067 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,497 |
| 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. | $25,772 |
| Compensation of current officers, directors, key employees. | $12,886 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,646 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,345 |
| Advertising and promotion | $0 |
| Office expenses | $933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,230 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $105,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,032 |
| 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 | $10,546 |
| 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 | $467 |
| Total assets | $29,045 |
| Accounts payable and accrued expenses | $5,822 |
| 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 | $4,129 |
| Other liabilities | $0 |
| Total liabilities | $9,951 |
| Net assets without donor restrictions | $19,094 |
| 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 | $29,045 |
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