Overview
What is Palos Verdes Resale?
Palos Verdes Resale is a nonprofit organization situated in Lomita, California. The organization operates a thrift shop, entirely run by volunteers. They rely on donated items to generate revenue, which is then distributed to 14 local charities that hold 501c3 status. These charities are actively engaged in various charitable endeavors aimed at enhancing and bettering society. The volunteers of Palos Verdes Resale determine the allocation of funds to each charity, demonstrating their commitment to making a positive impact in their local community.
Official website here: www.pvresale.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star Rating)
Palos Verdes Resale has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's score reflects a solid performance in several areas, including a 100% independent board and no material diversion of assets, demonstrating a commitment to governance standards. Additionally, the program expense ratio is notably high at 82.69%, suggesting that a significant portion of its budget is allocated to charitable activities.
The charity also maintains positive indicators in board governance, with all board members being independent and the documentation of board meeting minutes available, which contributes to transparency. Furthermore, the organization has a low liabilities to assets ratio of 3.00%, indicating a strong financial position concerning its obligations.
However, the overall score of 71% indicates there are areas for improvement. While the organization appears to be well-managed, the Two-Star rating suggests that stakeholders may want to consider how it can enhance its financial practices or expand its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Palos Verdes Resale legitimate?
Palos Verdes Resale is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palos Verdes Resale 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: $0
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pvresale.com
What is the mission statement of Palos Verdes Resale?
Palos Verdes Resale, an all-volunteer organization, collects and resells donated items to generate funds. These funds are then distributed to various local non-profit organizations that are involved in a range of charitable missions, aiming to benefit and improve society. The organization operates a thrift shop with a volunteer workforce, and all the items are donated. The net income generated from these sales is distributed among 14 local charities, which have been designated as 501c3 organizations. The volunteers of Palos Verdes Resale determine the allocation of funds to each charity.
Official website here: www.pvresale.com
Who is the CEO of Palos Verdes Resale?
William Bryan is the President of Palos Verdes Resale.
Official website here: www.pvresale.com
What is the revenue of Palos Verdes Resale?
Palos Verdes Resale's revenue in 2022 was $509,770.
Official website here: www.pvresale.com
Who are the executives of Palos Verdes Resale and what are their salaries?
There 100 volunteers at Palos Verdes Resale.
Here are 12 key members and their salaries:
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Official website here: www.pvresale.com
Where can I find the form 990 for Palos Verdes Resale?
Palos Verdes Resale's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvresale.com
Learn more at the official website: www.pvresale.com
Mission Statement of Palos Verdes Resale
Palos Verdes Resale is an all-volunteer organization that plays a crucial role in supporting local non-profit organizations. Their mission is to collect and resell donated items, transforming them into revenue sources. This income, generated entirely through the selfless efforts of volunteers, is then distributed to a variety of charitable organizations. These non-profits, in turn, utilize the funds to carry out their missions aimed at benefiting and improving society. The organization's operations revolve around a thrift shop, managed by its volunteer workforce. The donated items form the basis of their sales, with the net income being allocated to 14 different local 501c3 charities. The amount each charity receives is determined by the volunteers themselves, demonstrating the collective commitment and decision-making power of this dedicated group.
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Impact
July, 2024
Palos Verdes Resale's impact can be seen in the tangible support it provides to 14 local nonprofit organizations engaged in various charitable missions. By collecting and re-selling donated items, this all-volunteer organization generates funds that are then distributed to these nonprofits. Through their thrift shop operations, Palos Verdes Resale is able to make a direct and significant contribution to improving society and supporting those in need within the community.
This information is meant to be a general summary of Palos Verdes Resale. 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: $520
- Program Service Revenue: $508,125
- Gross Receipts: $509,770
Assets and Liabilities:
- Total Assets: $166,782
- Total Liabilities: $6,043
- Net Assets: $160,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
All Other General Merchandise Stores
Revenue
$508,125
Organization Details
Founding Year
2005
Phone
(310) 534-1722Principal Officer
William Bryan
Main Address
2321 PACIFIC COAST HWY, LOMITA, CA, 907172401
Website
www.pvresale.comNTEE Category
Code: P29 - Human services
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