Overview
What is Wise Penny Inc Repeat Performance Resale Shop?
Wise Penny Inc Repeat Performance Resale Shop is a community-focused nonprofit organization, operating a thrift store by the same name. The shop acts as a platform for residents to recycle their gently used items, either by donating their unwanted belongings or by purchasing second-hand items from the store. The profits derived from these transactions are then channeled toward Manitowoc Lutheran High School to assist in subsidizing the tuition costs for all students. The store is solely managed by volunteers, and unsold items that have been in the shop for an appropriate duration are either donated or sold to Goodwill.
Is Wise Penny Inc Repeat Performance Resale Shop legitimate?
Wise Penny Inc Repeat Performance Resale Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wise Penny Inc Repeat Performance Resale Shop 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:
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What is the mission statement of Wise Penny Inc Repeat Performance Resale Shop?
Wise Penny Inc's Repeat Performance Resale Shop serves as a community hub, encouraging the recycling of gently used items. Individuals can contribute their unwanted items by donating or purchasing from the store. The profits generated from these sales are donated to Manitowoc Lutheran High School, helping to subsidize tuition costs for all students. The store is run entirely by volunteers, and items that do not sell within a reasonable timeframe are either donated or sold to Goodwill. The purpose of the resale shop is not just to offer affordable goods, but also to contribute positively to the local community and educational institution.
Who is the CEO of Wise Penny Inc Repeat Performance Resale Shop?
Jerry E Haupt is the President of Wise Penny Inc Repeat Performance Resale Shop.
What is the revenue of Wise Penny Inc Repeat Performance Resale Shop?
Wise Penny Inc Repeat Performance Resale Shop's revenue in 2022 was $281,411.
Who are the executives of Wise Penny Inc Repeat Performance Resale Shop and what are their salaries?
There 83 volunteers at Wise Penny Inc Repeat Performance Resale Shop.
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Where can I find the form 990 for Wise Penny Inc Repeat Performance Resale Shop?
Wise Penny Inc Repeat Performance Resale Shop's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wise Penny Inc Repeat Performance Resale Shop
Wise Penny Inc, through its Repeat Performance Resale Shop, serves as a community hub for recycling gently used items. The mission of this thrift store is twofold. Firstly, it provides an opportunity for individuals to donate their unwanted items, offering a sustainable solution for waste management. Secondly, the store's profits are directed towards Manitowoc Lutheran High School, helping to subsidize tuition costs for all its students. This philanthropic initiative ensures that education remains accessible to a wider range of individuals, thereby contributing positively to the community's future. The operations of the Repeat Performance Resale Shop are managed entirely by volunteers, reflecting the collective spirit of the community in its endeavors. Unsold items that do not meet the reasonable sales period are either donated or sold to Goodwill, maintaining the cycle of recycling and charitable giving.
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Impact
October, 2024
Wise Penny Inc Repeat Performance Resale Shop plays a significant role in the Manitowoc community by promoting sustainability and providing essential financial support to local education. The shop serves as a recycling hub, allowing community members to donate gently used items, thereby reducing waste and encouraging eco-friendly practices. Shoppers can find affordable goods while helping to keep materials out of landfills.
The impact goes beyond recycling; the proceeds from the store are vital in helping to defray tuition costs for students at Manitowoc Lutheran High School. This support makes quality education more accessible to families in the community, fostering an environment where academic opportunities are available to all. Operated entirely by volunteers, the shop not only nurtures a spirit of community involvement but also creates a sense of belonging among those who contribute their time and resources.
In addition, when items remain unsold, they are either donated or sold to Goodwill, ensuring that the cycle of giving continues. Overall, Wise Penny Inc Repeat Performance Resale Shop enhances community welfare, supports local education, and encourages sustainable practices, making it a cornerstone of Manitowoc's social fabric.
This information is meant to be a general summary of Wise Penny Inc Repeat Performance Resale Shop. 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: $21
- Gross Receipts: $281,411
Assets and Liabilities:
- Total Assets: $439,156
- Total Liabilities: $0
- Net Assets: $439,156
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Organization Details
Founding Year
2004
Phone
(920) 769-0017Principal Officer
Jerry E Haupt
Main Address
4341 Enterprise Ct, Manitowoc, WI, 542205849
NTEE Category
Code: P29 - Human services
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