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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,414
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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.
What is the revenue of Depot Exchange Inc?
Depot Exchange Inc's revenue in 2023 was $262,129.
Who are the executives of Depot Exchange Inc and what are their salaries?
The average compensation at Depot Exchange Inc during 2023 was $16,236. There are 6 employees at Depot Exchange Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Depot Exchange Inc?
Depot Exchange Inc's most recent form 990 was submitted in 2023 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 2023.
- Investment Income: $1,991
- Program Service Revenue: $204,110
- Gross Receipts: $262,129
Assets and Liabilities:
- Total Assets: $258,309
- Total Liabilities: $5,040
- Net Assets: $253,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$204,110
Organization Details
Principal Officer
Kevin Klais
NTEE Category
Code: P29 - Human services
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