Overview
What is Boys & Girls Club Thrift Store Of Detroit Lakes?
Boys & Girls Club Thrift Store of Detroit Lakes is a charitable organization situated at 1305 HWY 10 W, Detroit Lakes, Minnesota 56501. Its primary purpose is to support the Boys & Girls Club of Detroit Lakes, a nonprofit dedicated to offering a secure, nurturing environment where young people can develop self-respect, respect for others, and learn responsibility within a diverse community. The thrift store achieves this by selling reasonably priced clothing, household items, and food to the public. The revenue generated from these sales contributes to funding various programs and activities at the Boys & Girls Club of Detroit Lakes.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80% (Three-Star out of Four Star rating).
The Boys & Girls Club Thrift Store Of Detroit Lakes has received a commendable score of 80%, reflecting solid performance in accountability and finance. This score indicates the organization is effectively managing its resources, with a high program expense ratio of nearly 90%, demonstrating a commitment to channeling funds into its initiatives.
Strengths of the organization include a fully independent board of ten members, excellent documentation of board meeting minutes, and no material diversion of assets. The organization shows robust financial health with a low liabilities to assets ratio and significant working capital, suggesting it is well-prepared to meet its financial obligations and sustain its operations over the long term.
While the organization excels in various areas, the fundraising efficiency ratio is notably low at $0.0025, which may raise questions about its ability to raise funds effectively. Overall, the Boys & Girls Club Thrift Store Of Detroit Lakes appears to be a reliable nonprofit with strong financial management practices, although it may benefit from enhancing its fundraising strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Boys & Girls Club Thrift Store Of Detroit Lakes legitimate?
Boys & Girls Club Thrift Store Of Detroit Lakes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boys & Girls Club Thrift Store Of Detroit Lakes 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: $111,937
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,048,641
For more financial information, click here
What is the mission statement of Boys & Girls Club Thrift Store Of Detroit Lakes?
The Boys & Girls Club Thrift Store of Detroit Lakes serves a noble purpose by providing funding for programs and activities at the Boys & Girls Club of Detroit Lakes. This club's mission is to offer a safe, caring environment where youth can learn values such as dignity, respect, and responsibility, and have the opportunity to practice being accountable in a diverse society. The thrift store contributes to this mission by selling clothing, household items, and food at moderately priced rates to the general public, thus generating funds for these enriching programs.
Who is the CEO of Boys & Girls Club Thrift Store Of Detroit Lakes?
Matt Johnson is the Store Manager of Boys & Girls Club Thrift Store Of Detroit Lakes.
What is the revenue of Boys & Girls Club Thrift Store Of Detroit Lakes?
Boys & Girls Club Thrift Store Of Detroit Lakes's revenue in 2022 was $2,848,011.
Who are the executives of Boys & Girls Club Thrift Store Of Detroit Lakes and what are their salaries?
There 50 volunteers at Boys & Girls Club Thrift Store Of Detroit Lakes.
Here are 11 key members and their salaries:
- Compensation: $103,208
- Related: $0
- Other: $8,729
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Boys & Girls Club Thrift Store Of Detroit Lakes?
Boys & Girls Club Thrift Store Of Detroit Lakes's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boys & Girls Club Thrift Store Of Detroit Lakes
Boys & Girls Club Thrift Store of Detroit Lakes serves a vital role in funding programs and activities for the Boys & Girls Club of Detroit Lakes. This nonprofit organization's mission is centered around providing a secure, respectful environment where youth can learn essential values such as dignity, respect, and responsibility in a diverse society. By operating thrift stores that sell moderately priced clothing, household items, and food, the Boys & Girls Club Thrift Store of Detroit Lakes generates funds to support the Boys & Girls Club of Detroit Lakes' initiatives. These initiatives aim to empower young people, fostering their development into responsible members of society.
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Impact
October, 2024
Boys & Girls Club Thrift Store of Detroit Lakes plays a vital role in supporting the local community by funding programs and activities for the Boys & Girls Club. This establishment provides a safe and caring environment where youth can learn important values such as dignity, respect, and responsibility. By offering affordable clothing, household items, and food to the public, the thrift store not only serves the immediate needs of the community but also generates necessary financial resources for youth programs. This creates opportunities for young people to engage in positive activities and develop essential life skills within a diverse society. The impact of the thrift store is far-reaching, as it fosters personal growth and community cohesion while addressing vital human service needs.
This information is meant to be a general summary of Boys & Girls Club Thrift Store Of Detroit Lakes. 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: -$20,317
- Program Service Revenue: $667
- Gross Receipts: $4,122,484
Assets and Liabilities:
- Total Assets: $4,038,538
- Total Liabilities: $177,933
- Net Assets: $3,860,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REBATES
Revenue
$667
Organization Details
Founding Year
2010
Phone
(218) 844-6556Principal Officer
Matt Johnson
Main Address
1305 HWY 10 W, DETROIT LAKES, MN, 56501
NTEE Category
Code: P29 - Human services
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