Overview
What is Depot Exchange Inc?
Depot Exchange Inc is a nonprofit organization located in Fennimore, Wisconsin. Their primary activity involves operating a clothing store, where they sell donated items to the general public. The primary objective behind this venture is to generate a net profit, which is then utilized to provide essential clothing and necessary items tailored to individuals' unique requirements. This approach allows Depot Exchange Inc to contribute to the community by addressing clothing needs, thereby promoting overall well-being.
Is Depot Exchange Inc legitimate?
Depot Exchange Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Depot Exchange 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 Depot Exchange Inc?
Depot Exchange Inc, as an organization, operates a clothing store with a primary mission. This mission involves selling donated clothing to the public. The primary objective behind this commercial activity is to generate a net profit. This profit, in turn, is utilized to provide essential clothing and necessary items that cater to the specific needs of individuals. In essence, Depot Exchange Inc leverages its clothing store to generate revenue, which is then channeled towards fulfilling the clothing requirements of those in need.
Who is the CEO of Depot Exchange Inc?
Kevin Klais is the President of Depot Exchange Inc.
What is the revenue of Depot Exchange Inc?
Depot Exchange Inc's revenue in 2022 was $198,106.
Who are the executives of Depot Exchange Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Depot Exchange Inc?
Depot Exchange Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Depot Exchange Inc
Depot Exchange, a nonprofit organization, operates a clothing store with a mission to sell donated clothing to the public. The primary objective of this venture is to generate a net profit, which is then utilized to provide essential clothing and necessities tailored to meet the specific requirements of individuals in need. By operating this store, Depot Exchange aims to contribute positively to the community, ensuring that those who are less fortunate have access to necessary items. The organization's mission is centered around the belief that everyone deserves to have their basic needs met, and by selling donated clothing, Depot Exchange is able to make a meaningful impact in the lives of those it serves.
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Impact
October, 2024
Depot Exchange Inc significantly impacts the Fennimore community by providing access to affordable clothing and necessities. By operating a clothing store that sells donated items, Depot Exchange not only offers low-cost options for residents but also promotes sustainability through the reuse of clothing. The store's net profits directly support individuals in need, helping to fulfill specific clothing and necessity requirements within the community.
Through their dedicated mission, Depot Exchange fosters a sense of community engagement, encouraging local involvement and donations. This initiative not only aids those facing financial difficulties but also strengthens social ties by creating a space where community members can access essential resources. Overall, Depot Exchange Inc enhances the quality of life for many in Fennimore by addressing human service needs and promoting a culture of giving and support.
This information is meant to be a general summary of Depot Exchange 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: $30
- Program Service Revenue: $188,714
- Gross Receipts: $198,106
Assets and Liabilities:
- Total Assets: $258,309
- Total Liabilities: $5,040
- Net Assets: $253,269
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Organization Details
Phone
(608) 822-4060Principal Officer
Kevin Klais
Main Address
1170 LINCOLN AVE, FENNIMORE, WI, 53809
NTEE Category
Code: P29 - Human services
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