Overview
What is Tried & True Inc?
Tried & True Inc, situated in Harrisonburg, Virginia, is a nonprofit organization with a mission to sell donated goods to the general public. The profits generated from these sales are distributed among two entities: The Church of the Brethren and Mennonite Central Committee. This venture serves as a source of income for these organizations, allowing them to further their own initiatives and causes. The organization employs a modest team of three individuals, contributing to local economic activities while fulfilling its philanthropic purpose.
Is Tried & True Inc legitimate?
Tried & True Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tried & True 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,572
For more financial information, click here
What is the mission statement of Tried & True Inc?
Tried & True Inc, as a non-profit organization, operates by selling donated goods to the general public. The profits generated from these sales are then divided between two entities: The Church of the Brethren and the Mennonite Central Committee. The primary aim of Tried & True Inc is to utilize the sales of donated goods as a means of support, distributing the earnings to these two organizations. This arrangement allows Tried & True Inc to contribute to the charitable work undertaken by both The Church of the Brethren and the Mennonite Central Committee.
Who is the CEO of Tried & True Inc?
Kenneth Layman is the Secretary of Tried & True Inc.
What is the revenue of Tried & True Inc?
Tried & True Inc's revenue in 2022 was $222,562.
Who are the executives of Tried & True Inc and what are their salaries?
The average compensation at Tried & True Inc during 2022 was $20,524. There are 3 employees at Tried & True Inc.
Here are 3 key members and their salaries:
- Compensation: $25,300
- Related: $0
- Other: $11,582
- Compensation: $25,300
- Related: $0
- Other: $11,582
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tried & True Inc?
Tried & True Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tried & True Inc
Tried & True Inc, a nonprofit organization, is committed to its mission of selling donated goods to the general public. The profits generated from these sales are then divided between two entities: the Church of the Brethren and the Mennonite Central Committee. This mission allows Tried & True Inc to contribute financially to these organizations, thereby supporting their various initiatives and causes. By selling donated goods, the nonprofit also plays a role in recycling and reusing items, thereby promoting sustainability. The sales also provide an opportunity for the community to access affordable goods, contributing to its overall well-being.
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Impact
October, 2024
Tried & True Inc significantly impacts the community by facilitating the sales of donated goods to the general public. This initiative helps promote sustainable consumption by reusing items that might otherwise go to waste, thereby reducing environmental impact. The organization also contributes to local and global humanitarian efforts, as the profits generated from these sales are distributed between the Church of the Brethren and the Mennonite Central Committee. This financial support helps fund vital programs and services aligned with their missions, enhancing human services both locally in Harrisonburg, VA, and abroad. Through its operations, Tried & True Inc fosters community engagement, encourages philanthropy, and strengthens ties between individuals and organizations committed to social good.
This information is meant to be a general summary of Tried & True 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: $198
- Program Service Revenue: $219,845
- Gross Receipts: $222,562
Assets and Liabilities:
- Total Assets: $90,448
- Total Liabilities: $2,837
- Net Assets: $87,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF DONATED CLOTHING
Revenue
$219,845
Organization Details
Phone
(540) 442-7250Principal Officer
Kenneth Layman
Main Address
600-B UNIVERSITY BLVD, HARRISONBURG, VA, 22801
NTEE Category
Code: P29 - Human services
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