Overview
What is Morgantown Reuzit Shoppe?
Morgantown Reuzit Shoppe is a thrift store situated at 2769 MAIN ST, MORGANTOWN, PA 19543. The store primarily operates as a venue for selling donated merchandise, with the proceeds covering its operating expenses and future growth. Notably, any surplus revenue is contributed to the Mennonite Central Committee and local nonprofit organizations. This philanthropic approach allows the shop to support global relief, service, and development initiatives, while also contributing to the local community. The shop's activities contribute to the well-being of both the community and those in need beyond its borders. It is staffed by 25 dedicated individuals.
Official website here: www.morgantownreuzit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Morgantown Reuzit Shoppe has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and transparency in its operations. The organization demonstrates strong governance with 71% of its board members identified as independent, and it successfully maintains a low liabilities to assets ratio of 0.26%, reflecting good financial health.
However, the nonprofit faces some shortcomings, particularly in its policies regarding whistleblower protection and document retention, both of which are missing. This raises concerns about organizational practices that could affect accountability. While the charity allocates a commendable 90.13% of its expenses toward programs, the lack of certain policies could impact its overall effectiveness and perceived credibility in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Morgantown Reuzit Shoppe legitimate?
Morgantown Reuzit Shoppe is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morgantown Reuzit Shoppe 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: $3,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $265,964
For more financial information, click here
Official website here: www.morgantownreuzit.org
What is the mission statement of Morgantown Reuzit Shoppe?
Morgantown Reuzit Shoppe operates as a thrift store, primarily sourcing its merchandise through donations. The revenue generated from the sale of these items is utilized to cover the shop's operational expenses and fund future expansion. Any excess earnings are then donated to the Mennonite Central Committee and various local nonprofit organizations. In essence, the shop serves as a means of revenue generation while also contributing to the community by supporting charitable causes.
Official website here: www.morgantownreuzit.org
Who is the CEO of Morgantown Reuzit Shoppe?
Teresa Stauffer is the Chairman of Morgantown Reuzit Shoppe.
Official website here: www.morgantownreuzit.org
What is the revenue of Morgantown Reuzit Shoppe?
Morgantown Reuzit Shoppe's revenue in 2022 was $1,367,903.
Official website here: www.morgantownreuzit.org
Who are the executives of Morgantown Reuzit Shoppe and what are their salaries?
The average compensation at Morgantown Reuzit Shoppe during 2022 was $10,777. There are 25 employees and 195 volunteers at Morgantown Reuzit Shoppe.
Here are 7 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $2,395
- Related: $0
- Other: $0
- Compensation: $1,062
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.morgantownreuzit.org
Where can I find the form 990 for Morgantown Reuzit Shoppe?
Morgantown Reuzit Shoppe's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.morgantownreuzit.org
Learn more at the official website: www.morgantownreuzit.org
Mission Statement of Morgantown Reuzit Shoppe
Morgantown Reuzit Shoppe, a thrift store, operates on a mission to utilize primarily donated merchandise. The sales revenue generated from these items covers the shop's operational expenses and funding for future expansion. Remarkably, any excess earnings are generously channeled towards the Mennonite Central Committee and local nonprofit organizations. By offering a platform for donations and sales, Morgantown Reuzit Shoppe not only contributes to its own sustainability but also extends support to other charitable causes in the community.
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Impact
October, 2024
Morgantown Reuzit Shoppe significantly impacts both the local community and global initiatives through its operations as a thrift shop. By receiving nearly all its merchandise as donations, the shop not only promotes sustainability and reuse but also fosters a sense of community involvement. Shoppers and donors contribute to a cycle of giving that benefits various local organizations while also supporting broader humanitarian efforts.
The revenue generated through sales is crucial for covering operating expenses and enables the shop to consider future expansions, amplifying its reach and impact. Surplus funds are channeled to the Mennonite Central Committee, which implements worldwide relief, service, and development programs. This dual focus—supporting local needs while contributing to global initiatives—demonstrates Morgantown Reuzit Shoppe’s commitment to not only enhancing local welfare but also participating in meaningful global change.
Moreover, the shop serves as a hub for community engagement, offering residents a chance to gather, share resources, and contribute to a larger purpose. Through its efforts, Morgantown Reuzit Shoppe creates a ripple effect of positive social and economic impact, making it an essential asset to the Morgantown area and beyond.
This information is meant to be a general summary of Morgantown Reuzit Shoppe. 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: $55
- Program Service Revenue: $682,375
- Gross Receipts: $1,367,903
Assets and Liabilities:
- Total Assets: $451,991
- Total Liabilities: $1,177
- Net Assets: $450,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF DONATED ITEMS
Revenue
$682,375
Organization Details
Founding Year
2009
Phone
(610) 286-7233Principal Officer
Teresa Stauffer
Main Address
2769 MAIN ST, MORGANTOWN, PA, 19543
Website
www.morgantownreuzit.orgNTEE Category
Code: P29 - Human services
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