Caring Heart Thrift Store Inc
- Assets
- $250.1k
- Revenue
- $522.7k
- Investments
- $0.0
- Employees
- 12
- Location
- Arab, AL
- Founding
- Data as of
- 12/2022
- EIN
- 85-4292016
Organization Overview
Caring Heart Thrift Store Inc is located in Arab, AL. 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 12/2022, Caring Heart Thrift Store Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caring Heart 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 12/2022, Caring Heart Thrift Store Inc generated $522.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $412.6k during the year ending 12/2022. 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
TO PROVIDE GOODS AND SERVICES TO THE NEEDY AND UNDERSERVED OF THE LOCAL COMMUNITY AND PROVIDE A SAFE ENVIRONMENT FOR EVENTS FOR THE YOUTH OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A THRIFT STORE WHICH RECIEVES CONTRIBUTIONS FROM THE COMMUNITY AND RESALES THESE GOODS OR DONATES THESE GOODS TO QUALIFIED INDIVIDUALS OR ORGANIZATIONS.THE ORGANIZATION OPERATES A FOOD PANTRY TO PROVIDE MEALS TO THE NEEDY OF THE LOCAL COMMUNITY.THE ORGANIZATION PLANS AND COORDINATES EVENTS FOR THE LOCAL YOUTH IN ORDER TO PROVIDE A SAFE ENVIRONMENT AND POSITIVE INTERACTIONS WITH THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Felicia Jones President | Officer | 40 | $43,627 |
Scott Campbell Director | Trustee | 0 | $0 |
David Jones Vpscty | Officer | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,543 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,543 |
| Total Program Service Revenue | $0 |
| Investment income | $315 |
| 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 | $466,876 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $522,734 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,008 |
| 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. | $43,627 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,687 |
| Fees for services: Management | $2,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,535 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,288 |
| Office expenses | $644 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,563 |
| Travel | $1,250 |
| 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 | $2,840 |
| Insurance | $2,314 |
| All other expenses | $10,614 |
| Total functional expenses | $412,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,189 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,884 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $250,073 |
| Accounts payable and accrued expenses | $3,791 |
| 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 | $3,791 |
| 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 | $246,282 |
| Total liabilities and net assets/fund balances | $250,073 |