Second Impressions Thrift Store Inc
- Assets
- $382.5k
- Revenue
- $548.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Fond Du Lac, WI
- Founding
- 06/2018
- Data as of
- 04/2022
- EIN
- 81-2992498
Organization Overview
Second Impressions Thrift Store Inc is located in Fond Du Lac, WI. The organization was established in 2018. According to its NTEE Classification (X12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Religion-Related and related organizations. As of 04/2022, Second Impressions Thrift Store Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Impressions Thrift Store 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 04/2022, Second Impressions Thrift Store Inc generated $548.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.4% each year . All expenses for the organization totaled $374.0k during the year ending 04/2022. While expenses have increased by 22.1% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A THRIFT STORE TO BENEFIT CHRISTIAN-BASED EDUCATION AND OTHER CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR THRIFT STORE SERVED ABOUT 46,000 CUSTOMERS WITH ASSISTANCE FROM 95 VOLUNTEERS DURING 299 RETAIL DAYS. PROFITS GENERATED PROVIDE FUNDS TO AWARD CHARITABLE GRANTS.
WE PROVIDED CLOTHES, SHOES, MEDICAL, AND SCHOOL-BASED ITEMS TO SEVERAL CHARITIES BUT DID NOT DETERMINE A CASH VALUE FOR THESE ITEMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Bilitz Vice-President | OfficerTrustee | 1 | $0 |
James Livieri President | OfficerTrustee | 1 | $0 |
Louis Freund Secretary | OfficerTrustee | 1 | $0 |
Desirae Pausma Treasurer | OfficerTrustee | 1 | $0 |
Kevin Bublitz Director | Trustee | 1 | $0 |
Chad Muche 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 | $6,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,586 |
| Total Program Service Revenue | $0 |
| Investment income | $250 |
| 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 | $539,603 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,204 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,500 |
| 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 | $92,309 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,062 |
| 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 | $0 |
| Advertising and promotion | $8,403 |
| Office expenses | $316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $123,476 |
| Travel | $420 |
| 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 | $6,367 |
| All other expenses | $4,211 |
| Total functional expenses | $374,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,105 |
| Savings and temporary cash investments | $190,250 |
| 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 | $4,100 |
| Total assets | $382,455 |
| 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 | $7,210 |
| Total liabilities | $7,210 |
| 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 | $375,245 |
| Total liabilities and net assets/fund balances | $382,455 |
Grants Awarded
Over the last fiscal year, Second Impressions Thrift Store Inc has awarded $134,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Fond Du Lac, WI PURPOSE: SUPPORT GENERAL FUND | $60,000 |
Fond Du Lac, WI PURPOSE: SUPPORT GENERAL FUND | $60,000 |
Germantown, WI PURPOSE: SUPPORT GENERAL FUND | $7,000 |
Germantown, WI PURPOSE: SUPPORT GENERAL FUND | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Second Impressions Thrift Store Inc has recieved totaling $35.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brahmananda Saraswati Foundation Fairfield, IA | $96,502,507 | $13,140,832 |
Catholic Foundation Of Michigan Bloomfield Hills, MI | $29,975,322 | $12,618,743 |
Aim Higher Foundation St Paul, MN | $6,897,588 | $2,438,620 |
Catholic Community Foundation Ofmid Michigan Saginaw, MI | $39,952,577 | $3,035,436 |
Presbyterian Frontier Fellowship Richfield, MN | $5,941,801 | $2,372,271 |
Brightmoor Christian Church Endowment Fund Novi, MI | $509,422 | $1,829,016 |
Minnesota Education Trust St Paul, MN | $12,235,946 | $1,363,771 |
Cabc Usa Inc Waukesha, WI | $822,280 | $1,932,888 |
Community Interfaith Food Pantry Belleville, IL | $1,307,668 | $1,205,716 |
Our Daily Bread Ministries Foundation Grand Rapids, MI | $34,200,268 | $7,896,868 |
West Michigan Christian Foundation Ada, MI | $4,282,532 | $1,262,702 |
Norwalk Area Ministerial Association Norwalk, IA | $73,039 | $574,226 |