Arc Thrift Stores
- Assets
- $64.2m
- Revenue
- $120.5m
- Investments
- $0.0
- Employees
- 3,346
- Location
- Lakewood, CO
- Founding
- 08/1992
- Data as of
- 09/2022
- EIN
- 84-0515942
Organization Overview
Arc Thrift Stores is located in Lakewood, CO. The organization was established in 1992. According to its NTEE Classification (P82) the organization is classified as: Developmentally Disabled Centers, under the broad grouping of Human Services and related organizations. As of 09/2022, Arc Thrift Stores employed 3,346 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Arc 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 09/2022, Arc Thrift Stores generated $120.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $108.1m during the year ending 09/2022. While expenses have increased by 7.0% per year over the past 7 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.
Since 2015, Arc Thrift Stores has awarded 134 individual grants totaling $95,985,403. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ARC THRIFT STORES INC IS TO ENHANCE THE LIVES OF INDIVIDUALS WITH INTELLECTUAL/DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES BY PROVIDING FUNDING TO SUPPORT THE ARC AND ACL CHAPTERS IN COLORADO AND ADVOCACY DENVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SERVES AS A FUND RAISING ORGANIZATION FOR VARIOUS NONPROFIT ORGANIZATIONS (ALL 501(C)(3) ORGANIZATIONS), WHICH SPONSOR PROGRAMS FOR DEVELOPMENTALLY DISABLED CITIZENS. THE ASSOCIATION DISTRIBUTES ITS THRIFT STORE PROFITS TO ASSOCIATIONS ON A MONTHLY BASIS. PROGRAM SERVICE EXPENSES INCLUDE THE COST OF OPERATING THE THRIFT STORES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Lewis See Sch J Prt II President & CEO | Officer | 50 | $521,391 |
Erick Martinez Senior VP Of Stores | 40 | $251,138 | |
Bruce Stahlman CFO | Officer | 50 | $222,968 |
Louise M Vaughn VP Of Hr & It | 40 | $166,133 | |
Margaret E Scivicque VP Of Marketing | 40 | $154,470 | |
Marty Schmitt VP Donor Ops | 40 | $141,881 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $240,857 |
| Related organizations | $0 |
| Government grants | $9,347,624 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,227,309 |
| Noncash contributions included in lines 1a–1f | $103,159,594 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,815,790 |
| Total Program Service Revenue | $0 |
| Investment income | $505,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $410,468 |
| Net Income from Fundraising Events | -$94,410 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,034,232 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,544,439 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,567,358 |
| 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. | $801,872 |
| Compensation of current officers, directors, key employees. | $71,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $47,485,065 |
| Pension plan accruals and contributions | $593,556 |
| Other employee benefits | $3,088,197 |
| Payroll taxes | $3,415,894 |
| Fees for services: Management | $25,160 |
| Fees for services: Legal | $15,039 |
| Fees for services: Accounting | $88,628 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,088 |
| Advertising and promotion | $1,547,345 |
| Office expenses | $2,066,406 |
| Information technology | $187,634 |
| Royalties | $0 |
| Occupancy | $15,077,078 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $522,954 |
| Interest | $125,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,863,934 |
| Insurance | $1,416,617 |
| All other expenses | $3,765,616 |
| Total functional expenses | $108,131,355 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,746,282 |
| Savings and temporary cash investments | $1,214,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,046,265 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $10,151,282 |
| Prepaid expenses and deferred charges | $569,757 |
| Net Land, buildings, and equipment | $5,546,820 |
| Investments—publicly traded securities | $21,455,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $502,321 |
| Total assets | $64,232,403 |
| Accounts payable and accrued expenses | $7,540,553 |
| Grants payable | $0 |
| Deferred revenue | $65,156 |
| 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 | $4,050,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,999,556 |
| Total liabilities | $14,655,265 |
| Net assets without donor restrictions | $49,577,138 |
| 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 | $64,232,403 |
Grants Awarded
Over the last fiscal year, Arc Thrift Stores has awarded $13,567,358 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Colorado Springs, CO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,660,076 |
Denver, CO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,586,462 |
Centennial, CO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,420,176 |
Lakewood, CO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,313,723 |
Denver, CO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $1,104,167 |
Longmont, CO PURPOSE: SUPPORT DEVELOPMENTALLY DISABLED | $950,546 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Arc Thrift Stores has recieved totaling $479,706.
| Awarding Organization | Amount |
|---|---|
H E L P International Johnstown, CO PURPOSE: HUMANITARIAN | $208,750 |
Daniels Fund Denver, CO PURPOSE: WORKING FOR A PURPOSE EMPLOYMENT PROGRAM | $100,000 |
Daniels Fund Denver, CO PURPOSE: WORKING FOR A PURPOSE EMPLOYMENT PROGRAM | $100,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: PEOPLE WITH DISABILITIES | $50,000 |
Global Down Syndrome Foundation Denver, CO PURPOSE: COVID emergency relief | $10,500 |
Denver Foundation Denver, CO PURPOSE: WORKING WITH A PURPOSE PROGRAM | $10,000 |
Endowment Analysis
| Beg. Balance | $8,194,527 |
| Earnings | -$1,087,020 |
| Net Contributions | $120,000 |
| Ending Balance | $7,227,507 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arc Thrift Stores Lakewood, CO | $64,232,403 | $120,544,439 |
Rise Inc Mesa, AZ | $71,845,884 | $94,957,913 |
Developmental Disabilities Resource Center Lakewood, CO | $33,667,876 | $37,080,304 |
Marc Community Resources Inc Mesa, AZ | $35,242,671 | $36,227,990 |
Developmental Disabilities Center Lafayette, CO | $29,260,076 | $34,596,273 |
Lakemary Center Inc Paola, KS | $28,512,802 | $30,614,653 |
Goodlife Innovations Inc Lenexa, KS | $8,105,495 | $24,225,204 |
Beacon Group Inc Tucson, AZ | $22,203,870 | $24,274,015 |
Dale Rogers Training Center Inc Oklahoma City, OK | $23,175,089 | $21,069,143 |
Starkey Incorporated Wichita, KS | $26,620,047 | $22,363,959 |
Continuum Of Colorado Inc Aurora, CO | $7,927,832 | $19,747,791 |
Foothills Gateway Inc Fort Collins, CO | $11,957,913 | $17,913,826 |