Lopez Thrift Shop
- Assets
- $423.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lopez Island, WA
- Founding
- 05/2005
- Data as of
- 12/2021
- EIN
- 91-1641428
Organization Overview
Lopez Thrift Shop is located in Lopez Island, WA. The organization was established in 2005. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lopez Thrift Shop 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, Lopez Thrift Shop generated $84.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $45.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OPERATE USED CLOTHING THRIFT SHOP WITH VOLUNTEER LABORAND DONATED GOODS TO RAISE FUNDS FOR USE BY DESERVING LOPEZ ISLAND 501(C)(3) ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Isbell Member | 1 | $0 | |
Carol Jones President/treasurer | 3 | $0 | |
Miguel Scherer Member | 1 | $0 | |
Arletta Mansfield Vice-President | 2 | $0 | |
Colleen Biggs Member | 1 | $0 | |
Linda Zerbst Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,351 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $84,370 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $240 |
| Occupancy, rent, utilities, and maintenance | $10,892 |
| Printing, publications, postage, and shipping | $623 |
| Other expenses | $7,759 |
| Total expenses | $45,014 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,369 |
| Other assets | $0 |
| Total assets | $423,267 |
| Total liabilities | $1,927 |
| Net assets or fund balances | $421,340 |
Peer Organizations
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|---|---|---|
Childrens Retail Seattle, WA | $1,472,290 | $2,550,770 |
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Island Thrift Oak Harbor, WA | $1,109,541 | $1,303,558 |
Council Of Mid-Willamette Valley Society Of St Vincent De Paul Salem, OR | $932,373 | $1,049,872 |
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Anchorage Remade Anchorage, AK | $1,369,286 | $693,974 |
Mustard Seed Ministries Inc Twin Falls, ID | $1,168,061 | $749,846 |
Simple & Just Seattle, WA | $200,112 | $563,252 |
With Love Oregon Tigard, OR | $1,459,676 | $1,183,526 |
Society Of St Vincent De Paul Lapine Or La Pine, OR | $926,689 | $510,641 |
Red Hat Thrift Store Longview, WA | $84,788 | $451,347 |