Overview
What is Bargain Bonanza Inc?
Bargain Bonanza Inc, located in Clinton, Iowa, is a nonprofit organization with a mission to support Unity Christian School in Fulton, IL, a nonprofit organization under Section 501(C)(3) of the Internal Revenue Code. They achieve this by operating a thrift store, accepting donated items from the general public and selling them to the general public. A portion of the profits, after reasonable expenses, are contributed to Unity Christian School. The organization also distributes some donated goods to needy individuals residing in the area where the thrift store is situated. Bargain Bonanza Inc employs a team of 14 individuals in its operations.
Is Bargain Bonanza Inc legitimate?
Bargain Bonanza Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bargain Bonanza 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: $92,985
For more financial information, click here
What is the mission statement of Bargain Bonanza Inc?
Bargain Bonanza Inc operates a thrift store, receiving donated goods from the general public and selling them to the public. The primary goal of this corporation is to provide support to Unity Christian School, a nonprofit organization under Section 501(C)(3) of the Internal Revenue Code, located in an unspecified area. The net income generated from the thrift store's operations, after making reasonable reserves, is distributed to Unity Christian School. Some of the donated goods are also distributed to needy individuals in the area where the thrift store operates. In essence, Bargain Bonanza Inc serves as a means of fundraising and support for Unity Christian School and the local community.
Who is the CEO of Bargain Bonanza Inc?
Monica Clarke is the President of Bargain Bonanza Inc.
What is the revenue of Bargain Bonanza Inc?
Bargain Bonanza Inc's revenue in 2022 was $441,455.
Who are the executives of Bargain Bonanza Inc and what are their salaries?
The average compensation at Bargain Bonanza Inc during 2022 was $6,642. There are 14 employees at Bargain Bonanza Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bargain Bonanza Inc?
Bargain Bonanza Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bargain Bonanza Inc
Bargain Bonanza Inc, a nonprofit organization under Section 501(C)(3) of the Internal Revenue Code, is committed to providing support to Unity Christian School in Fulton, IL. This support is primarily facilitated through the operation of a thrift store. The corporation receives donated goods from the general public, which are then sold to the public. Some of these donated items may be distributed to needy individuals residing in the area where the thrift store operates. Any surplus income, after making reasonable reserves, is channeled towards Unity Christian School. In essence, Bargain Bonanza Inc serves as a bridge between the general public's donations and the support of Unity Christian School.
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Impact
October, 2024
Bargain Bonanza Inc significantly impacts the local community by supporting Unity Christian School in Fulton, IL, through its thrift store operations. By collecting donated items from the general public, it not only provides affordable goods to community members but also promotes recycling and sustainability.
The thrift store serves as a vital resource for individuals and families looking for budget-friendly shopping options, thereby fostering economic accessibility. Additionally, the program can distribute some donated goods to those in need, further addressing local poverty and enhancing social welfare.
Net income generated from the sales is directed towards supporting Unity Christian School, thereby bolstering local education initiatives and benefiting students. This multifaceted approach not only strengthens the school but also fosters a sense of community involvement, encouraging residents to contribute both through donations and patronage. Overall, Bargain Bonanza Inc plays a key role in enhancing social services and educational opportunities in the area.
This information is meant to be a general summary of Bargain Bonanza 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: $438,884
- Gross Receipts: $441,455
Assets and Liabilities:
- Total Assets: $207,668
- Total Liabilities: $2,110
- Net Assets: $205,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$438,884
Organization Details
Founding Year
2008
Phone
(563) 243-0891Principal Officer
Monica Clarke
Main Address
1501 NORTH 2ND STREET, CLINTON, IA, 52732
NTEE Category
Code: P29 - Human services
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