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Athens Thrift Store Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 272398317 ✦ Athens, TX ✦ Designated as a 501(c)(3)

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Overview

What is Athens Thrift Store Inc?

Athens Thrift Store Inc, based in Athens, Texas, serves as a significant community contributor by raising funds for various charitable organizations in the Henderson County area. Their mission is to bolster the welfare of the community by selling donated goods. By doing so, they provide financial support to numerous nonprofit organizations through grants and distributions. With a team of 19 dedicated individuals, Athens Thrift Store Inc plays a crucial role in strengthening the local community by leveraging the generosity of its residents.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 72%, Two-Star out of Four Star rating.

Athens Thrift Store Inc has received a 72% rating from Charity Navigator, which classifies it as a Two-Star charity. The organization shows strengths in its accountability and finance, particularly with a perfect score for having a majority of independent board members and a robust program expense ratio of over 96%. This indicates that a significant portion of their funds is allocated directly to their programs, reflecting a commitment to their mission.

However, the organization has notable limitations. Specifically, it has scored poorly in areas such as whistleblower and document retention policies, both receiving a score of zero. These deficiencies may raise concerns about transparency and governance practices within the organization. Furthermore, while the liabilities to assets ratio indicates some level of financial risk, the overall financial health appears stable given their high program expense ratio.

Overall, while Athens Thrift Store Inc demonstrates strong programmatic commitment and governance in some areas, potential donors and supporters might want to consider the highlighted weaknesses in policy and financial management when evaluating their support for the organization.


This AI summary has been generated from information found on Charity Navigator.

Is Athens Thrift Store Inc legitimate?

Athens Thrift Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Athens Thrift Store 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: $199,096

For more financial information, click here

What is the mission statement of Athens Thrift Store Inc?

Athens Thrift Store Inc, as a nonprofit organization, is dedicated to strengthening other community-based charities. They achieve this by distributing funds, derived from the sale of donated goods, which is their primary source of income. This mission aims to promote the welfare of the community at large, providing essential financial support to various organizations within the Henderson County, Texas area. By operating as a thrift store, Athens Thrift Store Inc plays a crucial role in bridging the gap between the community and the nonprofits it supports.

Who is the CEO of Athens Thrift Store Inc?

Drew Douglas is the President of Athens Thrift Store Inc.

What is the revenue of Athens Thrift Store Inc?

Athens Thrift Store Inc's revenue in 2022 was $531,022.

Who are the executives of Athens Thrift Store Inc and what are their salaries?

The average compensation at Athens Thrift Store Inc during 2022 was $10,479. There are 19 employees at Athens Thrift Store Inc.


Here are 7 key members and their salaries:


Drew Douglas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erin Quattlebaum (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Winfrey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hendrix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Trish Villar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Milburn Chaney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annette Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Athens Thrift Store Inc?

Athens Thrift Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Athens Thrift Store Inc

Athens Thrift Store Inc, a community-focused organization, aims to bolster the efforts of nonprofit entities in the area by generating funds. This is accomplished through the sale of donated goods, which are generously contributed by the local community. The organization's primary mission is to channel these proceeds into grants and distributions, ultimately serving to strengthen the community's welfare. By supporting various charities in Henderson County, Texas, Athens Thrift Store Inc plays a crucial role in promoting community development and well-being.

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Impact




July, 2024

Athens Thrift Store Inc plays a crucial role in supporting organizations in the Athens community by providing grants and distributions through the sale of donated goods. By generating funds through the sale of these goods, Athens Thrift Store Inc is able to promote the welfare of the community and support various charities in Henderson County, Texas. Their impact extends to ensuring that essential services are provided to those in need and contributing to the overall well-being of the community.




This information is meant to be a general summary of Athens Thrift Store 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.

Revenue
$531,022 (2022)
Expenses
$506,471 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $538,301

Assets and Liabilities:

  • Total Assets: $818,199
  • Total Liabilities: $466,041
  • Net Assets: $352,158

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Organization Details

Founding Year

2010

Principal Officer

Drew Douglas

Main Address

PO BOX 350, ATHENS, TX, 75751

NTEE Category

Code: P29 - Human services

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