Overview
What is Fringe Benefits Thrift Store Inc?
Fringe Benefits Thrift Store Inc is a nonprofit organization based in Sheboygan, Wisconsin, with an address at 725 S Taylor Drive, ZIP code 53081. Their mission centers around raising funds for the prevention of cruelty to animals through the operation of a thrift store. By selling donated items, the organization creates ongoing support for animal welfare programs, organizations, and shelters. Their efforts extend beyond just domestic animals, as they also contribute to the preservation of wildlife and natural habitats. The funds they generate are distributed to various non-profit animal welfare organizations and nature preserves & conservancies via their grant program. The team at Fringe Benefits Thrift Store Inc consists of ten dedicated individuals.
Official website here: www.thriftyfringe.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Fringe Benefits Thrift Store Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization shows a low score in leadership independence, with 0% of board members being independent, which raises questions about governance and oversight. Additionally, there are critical gaps in policies, including the absence of conflict of interest and whistleblower policies, which are essential for transparency and ethical operation.
Despite these weaknesses, the organization demonstrates strong financial management in certain areas, as evidenced by a high program expense ratio of 95.67%, suggesting that a large portion of its funding is directed towards its mission-related activities. The liabilities to assets ratio is also favorable at 40.18%, indicating a stable financial position. However, the lack of essential documents such as the tax form on their website limits accessibility to important financial information for stakeholders.
Overall, while Fringe Benefits Thrift Store Inc appears to effectively allocate funds towards its programs, the absence of independent board members and crucial governance policies may hinder its accountability and overall effectiveness. Potential donors and supporters may want to consider these factors when evaluating their involvement with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Fringe Benefits Thrift Store Inc legitimate?
Fringe Benefits Thrift Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fringe Benefits Thrift Store Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $21,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.thriftyfringe.com
What is the mission statement of Fringe Benefits Thrift Store Inc?
Fringe Benefits Thrift Store Inc operates a thrift store with the primary goal of generating ongoing funds to benefit animals. Their mission is geared towards enhancing animal welfare and contributing to the preservation of wildlife and their natural habitats. The funds raised by the store are distributed to non-profit animal welfare organizations and nature preserves and conservancies via a grant program. By supporting these organizations, Fringe Benefits Thrift Store Inc aims to prevent cruelty to animals. Their donations directly contribute to the cause and further the efforts of these organizations to improve animal living conditions and promote their welfare.
Official website here: www.thriftyfringe.com
Who is the CEO of Fringe Benefits Thrift Store Inc?
Rebecca L Sylvester is the Vp/Treasurer/Director of Fringe Benefits Thrift Store Inc.
Official website here: www.thriftyfringe.com
What is the revenue of Fringe Benefits Thrift Store Inc?
Fringe Benefits Thrift Store Inc's revenue in 2022 was $199,049.
Official website here: www.thriftyfringe.com
Who are the executives of Fringe Benefits Thrift Store Inc and what are their salaries?
The average compensation at Fringe Benefits Thrift Store Inc during 2022 was $2,106. There are 10 employees at Fringe Benefits Thrift Store Inc.
Here are 3 key members and their salaries:
- Compensation: $21,062
- Related: $0
- Other: $0
- Compensation: $35,385
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.thriftyfringe.com
Where can I find the form 990 for Fringe Benefits Thrift Store Inc?
Fringe Benefits Thrift Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thriftyfringe.com
Learn more at the official website: www.thriftyfringe.com
Mission Statement of Fringe Benefits Thrift Store Inc
Fringe Benefits Thrift Store Inc, a dedicated organization, is on a mission to make a lasting impact on animal welfare through the operation of a thrift store. By selling donated items, the team at Fringe Benefits Thrift Store raises essential funds, which are then distributed to various non-profit organizations working towards the prevention of cruelty to animals.
In simple terms, Fringe Benefits Thrift Store functions as a self-sustaining entity that generates continuous financial support for animal welfare causes. The proceeds from the sales are meticulously allocated to charities and conservation groups dedicated to enhancing animal lives and preserving natural habitats. The store's primary goal is to contribute to a better world for animals by providing ongoing funding to deserving organizations.
Through its grant program, Fringe Benefits Thrift Store extends its reach far beyond the store's four walls. The funds raised help to improve the living conditions of animals in shelters, support initiatives to protect wildlife, and safeguard natural habitats that are crucial for various species. By fostering partnerships with a multitude of animal welfare organizations and nature preserves, Fringe Benefits Thrift Store plays a pivotal role in making a difference in the lives of countless animals.
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Impact
October, 2024
Fringe Benefits Thrift Store Inc has a significant impact on animal welfare and environmental preservation. By generating ongoing funding through the sale of donated goods, the store supports various humane programs and shelters dedicated to improving the lives of animals. The funds raised are strategically distributed to nonprofit organizations focused on preventing cruelty to animals, ensuring that these critical services receive the financial backing they need to thrive.
Additionally, Fringe Benefits contributes to the preservation of wildlife and natural habitats by allocating resources to nature preserves and conservancies. This dual focus on both animal welfare and environmental stewardship helps create a healthier, more sustainable ecosystem. Overall, Fringe Benefits Thrift Store Inc plays a vital role in enhancing the quality of life for animals while advocating for the protection of our planet's natural treasures.
This information is meant to be a general summary of Fringe Benefits Thrift Store 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.
- Investment Income: $3,344
- Gross Receipts: $240,534
Assets and Liabilities:
- Total Assets: $291,988
- Total Liabilities: $117,345
- Net Assets: $174,643
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Organization Details
Founding Year
2003
Phone
(920) 783-0027Principal Officer
Rebecca L Sylvester
Main Address
725 S TAYLOR DRIVE, SHEBOYGAN, WI, 53081
Website
www.thriftyfringe.comNTEE Category
Code: D20 - Animals
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