Overview
What is A Caring Community Inc?
A Caring Community Inc, operating under the name "The Fabulous Find," is a nonprofit organization located at 139 STATE RD, KITTERY, ME 03904. Their primary mission is to provide a platform for community members to donate surplus clothing and household items. These items are then resold, leading to the redistribution and recycling of resources for the greater good. The net proceeds, after accounting for operational contingency reserves and debt service, are regularly donated to local qualifying charities. In 2022, the organization generously donated a total of 347,458 dollars to various 501(C)3 charities as chosen by their Board of Directors. This nonprofit serves as a significant contributor to the local community, contributing to a circular economy and supporting numerous worthy causes.
Official website here: www.thefabulousfind.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
A Caring Community Inc has received a commendable rating of 88%, which reflects its strong performance in accountability and finance. The organization excels with a perfect score in several areas, including majority independent board members, independent board size, and its program expense ratio, indicating efficient allocation of funds toward its mission. The charity's commitment to transparency is evident in its financial statements and adherence to conflict of interest policies.
However, there are notable limitations in some governance practices, particularly regarding its whistleblower and document retention policies, which both received a score of zero. Additionally, the absence of tax forms on the nonprofit's website highlights potential areas for improvement in transparency. These factors could impact stakeholder trust and the organization's overall governance framework.
Overall, while A Caring Community Inc demonstrates strong financial health and effective program funding, it would benefit from enhancing its governance practices to raise its accountability standards further. Strengthening these areas could potentially improve its rating and reinforce confidence among donors and constituents.
This AI summary has been generated from information found on Charity Navigator.
Is A Caring Community Inc legitimate?
A Caring Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. A Caring Community 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: $88,268
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,107
For more financial information, click here
Official website here: www.thefabulousfind.org
What is the mission statement of A Caring Community Inc?
A Caring Community Inc's mission is centered around providing a platform for community members to donate unwanted clothing and household items. These items are then resold, leading to the redistribution and recycling of resources for the greater good. Notably, the net proceeds, after accounting for operational contingencies and debt service, are regularly donated to local qualifying charities on a monthly basis. In 2022, a substantial sum of 347,458 was donated to such charities, as determined by the board of directors.
Official website here: www.thefabulousfind.org
Who is the CEO of A Caring Community Inc?
Marcye Philbrook is the President of A Caring Community Inc.
Official website here: www.thefabulousfind.org
What is the revenue of A Caring Community Inc?
A Caring Community Inc's revenue in 2022 was $772,095.
Official website here: www.thefabulousfind.org
Who are the executives of A Caring Community Inc and what are their salaries?
The average compensation at A Caring Community Inc during 2022 was $16,337. There are 13 employees and 14 volunteers at A Caring Community Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $73,845
- Related: $0
- Other: $14,423
Official website here: www.thefabulousfind.org
Where can I find the form 990 for A Caring Community Inc?
A Caring Community Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefabulousfind.org
Learn more at the official website: www.thefabulousfind.org
Mission Statement of A Caring Community Inc
A Caring Community Inc is an organization committed to serving its community in a unique way. Its mission is to provide a platform for individuals to donate unused clothing and household goods. These items are then resold, leading to the redistribution and recycling of resources, ultimately benefiting the greater good. Notably, the organization sets aside a portion of its profits for local qualifying charities. This includes covering operational contingency reserves and debt service, after which the remaining net proceeds are distributed to these charities on a monthly basis. By doing so, A Caring Community Inc plays a vital role in not only reducing waste but also in supporting local charities, thereby contributing positively to the community.
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Impact
October, 2024
A Caring Community Inc significantly impacts the local Kittery, ME area by facilitating the donation and resale of clothing and household goods. This initiative not only encourages resource recycling and redistribution but also fosters community involvement and support. In 2022, the thrift shop generated $347,458 in proceeds, which were allocated to local qualified charities. Through this model, the organization contributes to the greater good by addressing community needs and providing vital support to those organizations that serve the community. Each month, net proceeds—after accounting for operational costs—are directed to help various charities, reinforcing a cycle of giving and support within the local ecosystem.
This information is meant to be a general summary of A Caring Community 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.
- Investment Income: $25
- Gross Receipts: $1,543,260
Assets and Liabilities:
- Total Assets: $728,491
- Total Liabilities: $136,025
- Net Assets: $592,466
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Organization Details
Founding Year
2010
Phone
(207) 439-8669Principal Officer
Marcye Philbrook
Main Address
139 STATE RD, KITTERY, ME, 03904
Website
www.thefabulousfind.orgNTEE Category
Code: P29 - Human services
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