Overview
What is New 2 You Family Thrift Inc?
New 2 You Family Thrift Inc is a nonprofit organization that operates a thrift store in the community. The thrift store serves as a platform for locals to donate their gently used clothing, furniture, and household items. Once these items are sold, the profits are channeled towards supporting six local schools and churches. The primary mission of New 2 You Family Thrift Inc is to provide financial assistance to these educational and religious institutions, thereby contributing positively to their operations.
Official website here: www.new-2-you.org
Is New 2 You Family Thrift Inc legitimate?
New 2 You Family Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New 2 You Family Thrift 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: $93,844
For more financial information, click here
Official website here: www.new-2-you.org
What is the mission statement of New 2 You Family Thrift Inc?
New 2 You Family Thrift Inc, through its thrift store, collects and sells donated used clothing, furniture, and household items. The organization then distributes the profits to six local schools and churches, serving as a means to financially support their operations. The mission of New 2 You Family Thrift Inc is centered around providing funding for these educational institutions and religious organizations in the community. The revenue generated from the thrift store sales contributes to the ongoing needs and development of these six entities.
Official website here: www.new-2-you.org
Who is the CEO of New 2 You Family Thrift Inc?
Lu Ann Sting is the President of New 2 You Family Thrift Inc.
Official website here: www.new-2-you.org
What is the revenue of New 2 You Family Thrift Inc?
New 2 You Family Thrift Inc's revenue in 2022 was $348,538.
Official website here: www.new-2-you.org
Who are the executives of New 2 You Family Thrift Inc and what are their salaries?
The average compensation at New 2 You Family Thrift Inc during 2022 was $10,427. There are 9 employees and 50 volunteers at New 2 You Family Thrift Inc.
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Official website here: www.new-2-you.org
Where can I find the form 990 for New 2 You Family Thrift Inc?
New 2 You Family Thrift Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.new-2-you.org
Learn more at the official website: www.new-2-you.org
Mission Statement of New 2 You Family Thrift Inc
New 2 You Family Thrift, a nonprofit organization, operates a thrift store that serves as a platform for the community to donate their used clothing, furniture, and household items. The primary mission of this enterprise is to distribute the profits generated from selling these donations to six local schools and churches. The ultimate goal of New 2 You Family Thrift is to provide financial support to these educational and religious institutions, thereby contributing to their growth and development.
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Impact
October, 2024
New 2 You Family Thrift Inc significantly enhances the local community by turning donated items into vital funding for schools and churches. By operating a thrift store that collects used clothing, furniture, and household goods, it not only promotes sustainable practices through reuse and recycling but also fosters a sense of community involvement and support.
The financial resources generated from the sale of these donated items are allocated directly to six area schools and churches. This support helps address various needs within these institutions, ensuring that they can continue to operate effectively and serve their communities. By bridging the gap between donations and local needs, New 2 You Family Thrift plays a crucial role in enriching educational and spiritual opportunities within North Mankato, MN.
In addition to providing essential funding, the thrift store contributes to job creation, community engagement, and a culture of giving, positively impacting countless individuals and families in the area.
This information is meant to be a general summary of New 2 You Family Thrift 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.
- Program Service Revenue: $348,538
- Gross Receipts: $348,538
Assets and Liabilities:
- Total Assets: $83,813
- Total Liabilities: $3,470
- Net Assets: $80,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALES
Revenue
$348,538
Organization Details
Founding Year
2006
Phone
(507) 385-1455Principal Officer
Lu Ann Sting
Main Address
1838 COMMERCE DR, NORTH MANKATO, MN, 56003
Website
www.new-2-you.orgNTEE Category
Code: P29 - Human services
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