Overview
What is Fort Drum Thrift Shop Inc?
Fort Drum Thrift Shop Inc is a charitable organization that operates a thrift store. The primary objective of this nonprofit is to generate revenue through the thrift store, which is then utilized to provide financial assistance to various local non-profit organizations and offer scholarships to students. By selling donated items, the shop contributes to the welfare of the community and supports the educational aspirations of young individuals.
Official website here: www.fortdrumthriftshop.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
Fort Drum Thrift Shop Inc has received a 76% rating, which reflects a solid performance in accountability and finance, earning a Three-Star rating overall. The organization is positively noted for having a fully independent board, with 100% of its members meeting this criterion. Additionally, its liabilities to assets ratio is favorable at 18.22%, indicating a strong financial position.
The charity excels in its program expense ratio, which stands at an impressive 94.75%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative expenses. However, there are notable weaknesses in its governance practices, particularly the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received a score of zero.
Overall, while Fort Drum Thrift Shop Inc demonstrates strong financial management and program efficiency, it faces challenges in its governance structure that could affect its long-term operational integrity. Addressing these policy gaps would likely improve its rating and organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fort Drum Thrift Shop Inc?
90% of 220 reviewers on Facebook recommend Fort Drum Thrift Shop Inc. Here is a summary of their insights:
Many patrons express appreciation for the warm and welcoming atmosphere, particularly highlighting the staff's friendliness and helpfulness. One reviewer reflected on their long-term relationship with the shop, mentioning how the ability to consign items not only benefits them financially but also supports their holiday shopping needs. The personal connections formed, such as engaging conversations with the staff, are seen as a valuable part of the experience, particularly for parents seeking social interaction.
While the general sentiment is positive, there are suggestions for improvement. A recurring theme is the desire for extended hours, as some customers find it challenging to visit due to limited operating days. Overall, Fort Drum Thrift Shop Inc seems to have a loyal customer base that values the services provided and appreciates the community-focused environment.
This AI summary has been generated from reviews found on Facebook.
Is Fort Drum Thrift Shop Inc legitimate?
Fort Drum Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Drum 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.
Official website here: www.fortdrumthriftshop.com
What is the mission statement of Fort Drum Thrift Shop Inc?
Fort Drum Thrift Shop Inc operates a thrift store with the primary purpose of generating profits. These profits are then utilized to make contributions to various local not-for-profit organizations and provide scholarships for students. The thrift store's earnings serve as a source of financial aid for other charitable entities within the local community.
Official website here: www.fortdrumthriftshop.com
Who is the CEO of Fort Drum Thrift Shop Inc?
Jaime Newman is the Secretary of Fort Drum Thrift Shop Inc.
Official website here: www.fortdrumthriftshop.com
What is the revenue of Fort Drum Thrift Shop Inc?
Fort Drum Thrift Shop Inc's revenue in 2022 was $113,050.
Official website here: www.fortdrumthriftshop.com
Who are the executives of Fort Drum Thrift Shop Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.fortdrumthriftshop.com
Where can I find the form 990EZ for Fort Drum Thrift Shop Inc?
Fort Drum Thrift Shop Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.fortdrumthriftshop.com
Learn more at the official website: www.fortdrumthriftshop.com
Mission Statement of Fort Drum Thrift Shop Inc
Fort Drum Thrift Shop Inc, as a thrift store, operates with a mission to generate profits that are subsequently channeled towards supporting various local not-for-profit organizations and offering scholarships to students. The profits derived from the thrift store's operations serve a dual purpose, funding contributions to numerous local charities and providing financial aid for students' education. By engaging in this thrift store endeavor, Fort Drum Thrift Shop Inc plays a vital role in supporting the local community, not only by offering affordable goods but also by contributing to the betterment of the community and the education of future generations.
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Impact
October, 2024
Fort Drum Thrift Shop Inc plays a vital role in the local community by operating a thrift store that generates funds for various charitable activities. The profits from the thrift store support contributions to local nonprofits, helping to enhance services and initiatives that benefit the community. Additionally, the organization provides scholarships to students, promoting education and supporting youth in their academic pursuits. Through its operations, Fort Drum Thrift Shop Inc fosters a spirit of giving, making a significant impact on local charities and the well-being of residents in Fort Drum, NY.
This information is meant to be a general summary of Fort Drum 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $113,050
Assets and Liabilities:
- Total Assets: $43,093
- Total Liabilities: $556
- Net Assets: $42,537
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Organization Details
Phone
(315) 772-7189Principal Officer
Jaime Newman
Main Address
PO BOX 485, FORT DRUM, NY, 13602
Website
www.fortdrumthriftshop.comNTEE Category
Code: P29Z - Human services
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