Valley Thrift Shop Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 060937002 ✦ Winsted, CT ✦ Designated as a 501(c)(3)

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Overview

What is Valley Thrift Shop Inc?

Valley Thrift Shop Inc is a nonprofit organization, much like Goodwill, dedicated to serving the community. They collect a variety of donated items, including clothing, household goods, and other items, and sell them at affordable, discounted prices to those in need. This thrift store model allows the organization to raise funds, which are then reinvested into the organization's operations. Valley Thrift Shop's mission is to provide essential resources to those in financial need, promoting a cycle of sustainability and community support.

Is Valley Thrift Shop Inc legitimate?

Valley Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Thrift Shop Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Valley Thrift Shop Inc?

Valley Thrift Shop Inc's mission revolves around collecting donated items and selling them at discounted rates to individuals in need. The primary objective is to provide essential items at an affordable price. The funds generated from these sales are then reinvested back into the organization's operation. Valley Thrift Shop shares similarities with establishments like Goodwill, as they both operate on a model of collecting, preparing, and selling donated items to support those in need.

Who is the CEO of Valley Thrift Shop Inc?

Barbara Coker Lombardo is the President of Valley Thrift Shop Inc.

What is the revenue of Valley Thrift Shop Inc?

Valley Thrift Shop Inc's revenue in 2022 was $31,119.

Who are the executives of Valley Thrift Shop Inc and what are their salaries?


Here are 3 key members and their salaries:


Jerri Morgan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Coker Lombardo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie Koch (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Valley Thrift Shop Inc?

Valley Thrift Shop Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Valley Thrift Shop Inc

Valley Thrift Shop Inc, much like Goodwill, is an organization dedicated to serving the community. Its primary mission is to collect donated items and make them available for purchase at affordable discounted prices to those in need. By selling these items, the organization generates funds, which are then reinvested into the operation of Valley Thrift Shop Inc itself. This business model allows the organization to continuously serve its purpose, providing essential items to individuals who might not otherwise be able to afford them.

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Impact




August, 2024

Valley Thrift Shop Inc has made a significant impact in WINSTED, CT by providing a vital service to the community. Through their operation of collecting donated items and selling them at low discounted rates to those in need, they have helped individuals and families access affordable goods. Additionally, the funds raised through this process are reinvested back into the organization, enabling them to continue their mission of serving the community. By operating in a similar fashion to goodwill, Valley Thrift Shop Inc plays a crucial role in supporting human services and making a positive difference in the lives of those they assist.




This information is meant to be a general summary of Valley Thrift Shop Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$31,119 (2022)
Expenses
$26,785 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $31,119
  • Gross Receipts: $31,119

Assets and Liabilities:

  • Total Assets: $13,807
  • Total Liabilities: $0
  • Net Assets: $13,807

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Organization Details

Principal Officer

Barbara Coker Lombardo

Main Address

714 MAIN STREET, Winsted, CT, 06098

NTEE Category

Code: P20 - Human services

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