Overview
What is The Benefit Shop Foundation Inc?
The Benefit Shop Foundation Inc, located in Mount Kisco, New York, is a nonprofit organization that operates a retail thrift shop. Volunteers from the foundation collect, process, display, and sell donated items in this shop. The public generously contributes goods to the shop, which are then sorted, priced, and sold at a retail price within the thrift shop. After covering expenses, the generated revenues are donated to various local charities, making it their mission to receive contributions with an open heart and return them to the public for resale, thereby supporting other local charitable organizations. The foundation employs a team of 16 individuals to carry out its mission.
Official website here: www.thebenefitshop.org
Is The Benefit Shop Foundation Inc legitimate?
The Benefit Shop Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Benefit Shop Foundation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $277,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $443,697
For more financial information, click here
What is the mission statement of The Benefit Shop Foundation Inc?
The Benefit Shop Foundation Inc's mission is centered around receiving donations from the public with an open and welcoming attitude. These contributions are then resold in a retail thrift shop, managed by volunteers. The proceeds from these sales, after covering expenses, are donated to various local charities. In essence, The Benefit Shop Foundation Inc serves as a conduit, using resale revenue to support other charitable organizations in the community.
Official website here: www.thebenefitshop.org
Who is the CEO of The Benefit Shop Foundation Inc?
Pamela Stone is the Director of The Benefit Shop Foundation Inc.
Official website here: www.thebenefitshop.org
What is the revenue of The Benefit Shop Foundation Inc?
The Benefit Shop Foundation Inc's revenue in 2022 was $2,736,249.
Official website here: www.thebenefitshop.org
Who are the executives of The Benefit Shop Foundation Inc and what are their salaries?
The average compensation at The Benefit Shop Foundation Inc during 2022 was $45,077. There are 16 employees at The Benefit Shop Foundation Inc.
There is 1 key member and their salary:
- Pamela Stone (Director)
Official website here: www.thebenefitshop.org
Where can I find the form 990 for The Benefit Shop Foundation Inc?
The The Benefit Shop Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.thebenefitshop.org
Learn more at the official website: www.thebenefitshop.org
Mission Statement of The Benefit Shop Foundation Inc
The Benefit Shop Foundation, with an open-armed approach, receives various contributions from the public. Their mission is not to keep these contributions for themselves, but rather to put them back into circulation through resale. By operating a retail thrift shop, this nonprofit organization allows volunteers to collect, process, display, and sell donated materials. The general public contributes a wide array of goods to the shop, which are then sorted, priced, and offered for sale at retail prices in the thrift shop. After covering all expenses, the remaining net revenues are donated to various local charities. This cycle of giving and receiving enables The Benefit Shop Foundation to significantly contribute to the support of numerous local charities, thus making a tangible impact in its community.
Impact
This information is meant to be a general summary of The Benefit Shop Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Benefit Shop Foundation Inc's impact is felt through its mission of receiving contributions with open arms, reselling them to the public, and using the proceeds to support other local charities. Through its retail thrift shop operation, volunteers collect, process, display, and sell donated goods to the general public. The net revenues generated after expenses are then donated to various local charities, making a positive impact on the community and serving the public benefit.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT SHOP SALES/AUCTION
Revenue
$2,736,249
Organization Details
Founding Year
2011
Phone
(914) 602-3348
Principal Officer
Pamela Stone
Main Address
185 KISCO AVENUE SUITE 201, MOUNT KISCO, NY, 10549
Website
www.thebenefitshop.org
NTEE Category
Code: W20 - Public benefit
If you are a representative of The Benefit Shop Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.