Overview
What is Paradise Bound Thrift Shoppe?
Paradise Bound Thrift Shoppe is a nonprofit organization situated in Zeeland, Michigan, specifically at 59 WEST WASHINGTON. Its primary purpose is to operate a thrift store, with the aim of generating funds for Paradise Bound Ministries, a mission-based organization operating in Guatemala. The thrift shop's net earnings are directly contributed to this Guatemalan mission base. The organization, which employs nine individuals, rents and occupies the thrift store to fulfill this objective.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star Rating
Paradise Bound Thrift Shoppe has received a low rating of 52% from Charity Navigator, which translates to a One-Star rating. This score is primarily derived from its Accountability & Finance metrics, with a notable absence of key governance practices. The organization currently has no independent board members, and it lacks essential policies such as conflict of interest and whistleblower protections, which are crucial for nonprofit transparency and accountability.
Despite these shortcomings, Paradise Bound does display positive financial indicators, including a 0.56% liabilities to assets ratio and a 100% program expense ratio. These figures suggest that the organization is effectively utilizing its resources towards its mission, which is commendable. However, the absence of financial statements and missing documentation on their website raises concerns regarding their overall financial transparency.
The lack of independent oversight and governance policies could pose risks for stakeholders and potential donors. While Paradise Bound Thrift Shoppe contributes to its community through its programs, significant improvements in governance and accountability are needed for better financial health and trust from the public.
This AI summary has been generated from information found on Charity Navigator.
Is Paradise Bound Thrift Shoppe legitimate?
Paradise Bound Thrift Shoppe is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paradise Bound Thrift 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,613
For more financial information, click here
What is the mission statement of Paradise Bound Thrift Shoppe?
Paradise Bound Thrift Shoppe's primary purpose is to operate a thrift store. The earnings from this venture are then contributed to Paradise Bound Ministries, an organization that owns and manages a mission base in Guatemala. This thrift shop serves as a means to raise funds for the missionary work carried out by Paradise Bound Ministries. The shop's operations include renting and occupying a thrift store location, with the ultimate goal of supporting the charitable activities of Paradise Bound Ministries.
Who is the CEO of Paradise Bound Thrift Shoppe?
Jeff Nienhuis is the Director of Paradise Bound Thrift Shoppe.
What is the revenue of Paradise Bound Thrift Shoppe?
Paradise Bound Thrift Shoppe's revenue in 2022 was $541,690.
Who are the executives of Paradise Bound Thrift Shoppe and what are their salaries?
The average compensation at Paradise Bound Thrift Shoppe during 2022 was $15,846. There are 9 employees at Paradise Bound Thrift Shoppe.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Paradise Bound Thrift Shoppe?
Paradise Bound Thrift Shoppe's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paradise Bound Thrift Shoppe
Paradise Bound Thrift Shoppe, a charitable organization, is principally established to operate a thrift shop. Its primary mission is to generate funds through the sales of secondhand items, which are then contributed to Paradise Bound Ministries. This nonprofit entity operates a mission base located in Guatemala, and the earnings from the thrift shop directly support its operations. The thrift shop serves as a means to raise funds for this noble cause, thereby contributing to the betterment of lives in Guatemala.
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Impact
July, 2024
Paradise Bound Thrift Shoppe's impact is felt through its support of Paradise Bound Ministries, which operates a mission base in Guatemala. By operating a thrift shop and contributing its earnings to this ministry, Paradise Bound Thrift Shoppe plays a crucial role in funding the humanitarian efforts and projects carried out by Paradise Bound Ministries. This support helps improve the lives of individuals in Guatemala by providing essential services and resources to those in need. Through its thrift shop operations, Paradise Bound Thrift Shoppe actively contributes to the betterment of communities both locally and globally.
This information is meant to be a general summary of Paradise Bound Thrift 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: $17
- Program Service Revenue: $541,673
- Gross Receipts: $541,690
Assets and Liabilities:
- Total Assets: $56,584
- Total Liabilities: $3,029
- Net Assets: $53,555
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MERCHANDISE SALES
Revenue
$541,673
Organization Details
Founding Year
2008
Phone
(616) 748-7690Principal Officer
Jeff Nienhuis
Main Address
59 WEST WASHINGTON, Zeeland, MI, 49464
NTEE Category
Code: P29 - Human services
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