Thrift Love For Vocational Abilities Corp
- Assets
- $119.4k
- Revenue
- $236.6k
- Investments
- $0.0
- Employees
- 10
- Location
- Columbia, TN
- Founding
- Data as of
- 12/2021
- EIN
- 85-3303443
Organization Overview
Thrift Love For Vocational Abilities Corp is located in Columbia, TN. 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, Thrift Love For Vocational Abilities Corp employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thrift Love For Vocational Abilities Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE OFFER MENTORED, SUSTAINABLE EMPLOYMENT WITH A COMPETITIVE WAGE TO ADULTS WITH SPECIAL NEEDS AND/OR DISABILITIES. WE RESELL GENTLY USED, DONATED CLOTHING, HOUSEHOLD GOODS, FURNITURE AND MORE TO MAXIMIZE FUNDS FOR THE MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE OFFER MENTORED, SUSTAINABLE EMPLOYMENT WITH A COMPETITIVE WAGE TO ADULTS WITH SPECIAL NEEDS AND/OR DISABILITIES. WE RESELL GENTLY USED, DONATED CLOTHING, HOUSEHOLD GOODS, FURNITURE AND MORE TO MAXIMIZE FUNDS FOR THE MISSION.
WE OFFER MENTORED, SUSTAINABLE EMPLOYMENT WITH A COMPETITIVE WAGE TO ADULTS WITH SPECIAL NEEDS AND/OR DISABILITIES. WE RESELL GENTLY USED, DONATED CLOTHING, HOUSEHOLD GOODS, FURNITURE AND MORE TO MAXIMIZE FUNDS FOR THE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Stamatis Store Direct | OfficerTrustee | 32 | $0 |
Mitzi Fann Treasurer | Officer | 7 | $0 |
Ken Rakow President | Officer | 2 | $0 |
Crystal Waller Vice Preside | Officer | 2 | $0 |
Kara Williams Secretary | Officer | 2 | $0 |
Juli Beck Director | Trustee | 2 | $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 | $65,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,714 |
| Total Program Service Revenue | $170,873 |
| Investment income | $10 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,597 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $922 |
| 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 | $5,500 |
| Advertising and promotion | $3,652 |
| Office expenses | $3,662 |
| Information technology | $64 |
| Royalties | $0 |
| Occupancy | $29,575 |
| Travel | $108 |
| 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 | $1,875 |
| All other expenses | $9,532 |
| Total functional expenses | $120,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,827 |
| Savings and temporary cash investments | $75,005 |
| 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 | $1,605 |
| 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 | $119,437 |
| Accounts payable and accrued expenses | $3,004 |
| 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 | $19 |
| Total liabilities | $3,023 |
| Net assets without donor restrictions | $116,414 |
| 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 | $119,437 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thrift Love For Vocational Abilities Corp has recieved totaling $71.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $71 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Memphis Goodwill Inc Memphis, TN | $14,007,332 | $45,591,658 |
Atlanta Union Mission Corporation Hcsr Atlanta, GA | $60,885,484 | $20,504,830 |
Atlanta Heights Charter School Inc Atlanta, GA | $3,131,172 | $9,104,979 |
Vapor Ministries Inc Sylacauga, AL | $7,649,507 | $9,129,570 |
United States Of America Chess Federation St Louis, MO | $6,079,423 | $3,913,162 |
Lexington Rescue Mission Inc Lexington, KY | $3,687,691 | $2,773,150 |
Guardian Angel Thrift Fuquay Varina, NC | $1,635,752 | $2,673,935 |
Chatham Pta Thrift Shop Inc Siler City, NC | $1,001,947 | $1,744,375 |
Seeds Of Mustard Ministries Corporation Cary, NC | $918,004 | $1,738,508 |
Ditto Upscale Resale Warson Woods, MO | $516,704 | $1,429,635 |
American Home Furnishings Hall Of Fame Foundation Inc High Point, NC | $6,073,735 | $3,252,692 |
Stafford Emergency Relief Through Volunteer Efforts Of Stafford Coun Stafford, VA | $740,386 | $1,196,359 |