Overview
What is Magic Hat Thrift Shop Inc?
Magic Hat Thrift Shop Inc, located at 217 Pleasant Street, Marblehead, MA 01945, is a dedicated nonprofit organization. Their primary mission is to raise funds for educational purposes within the Marblehead Public Schools, serving students in the town of Marblehead, Massachusetts. They aim to achieve this goal by promoting and carrying out educational and charitable activities. The organization is committed to supporting the educational growth of local children, contributing significantly to their community.
Official website here: www.magichatthriftshop.com
Is Magic Hat Thrift Shop Inc legitimate?
Magic Hat Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magic Hat Thrift Shop 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: $96,833
For more financial information, click here
Official website here: www.magichatthriftshop.com
What is the mission statement of Magic Hat Thrift Shop Inc?
Magic Hat Thrift Shop Inc's mission is centered around promoting and carrying out educational and charitable activities. Specifically, the organization aims to raise funds to support the education of children enrolled in the public schools in Marblehead, Massachusetts. This mission is geared towards furthering educational opportunities for these children, thereby contributing to their overall development. The funds raised by the thrift shop are utilized for educational purposes within the Marblehead MA public schools.
Official website here: www.magichatthriftshop.com
What is the revenue of Magic Hat Thrift Shop Inc?
Magic Hat Thrift Shop Inc's revenue in 2024 was $424,509.
Official website here: www.magichatthriftshop.com
Who are the executives of Magic Hat Thrift Shop Inc and what are their salaries?
The average compensation at Magic Hat Thrift Shop Inc during 2024 was $12,104. There are 8 employees and 60 volunteers at Magic Hat Thrift Shop Inc.
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Official website here: www.magichatthriftshop.com
Where can I find the form 990 for Magic Hat Thrift Shop Inc?
Magic Hat Thrift Shop Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.magichatthriftshop.com
Learn more at the official website: www.magichatthriftshop.com
Mission Statement of Magic Hat Thrift Shop Inc
Magic Hat Thrift Shop Inc, as a nonprofit organization, is committed to promoting and carrying out educational and charitable purposes. The primary focus of its mission is to raise funds for the betterment of the children enrolled in the public schools of Marblehead, Massachusetts. By doing so, Magic Hat Thrift Shop Inc aims to contribute to the educational development of these young individuals, thereby fostering a more enriched learning environment. The funds raised by the organization serve as a vital resource to support various educational initiatives within the Marblehead Public Schools.
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Impact
October, 2024
Magic Hat Thrift Shop Inc significantly contributes to the educational landscape of Marblehead, Massachusetts, by raising essential funds for local public schools. The shop’s activities directly support the educational needs of children enrolled in the Marblehead Public Schools, ensuring they have access to enhanced learning opportunities and resources. Through its charitable efforts, Magic Hat not only promotes community involvement but also fosters a culture of support for education within the town.
By engaging community members in its thrift shop operations, Magic Hat creates a platform for collaboration and support, encouraging local residents to participate in the shared goal of improving educational outcomes. The funds generated are pivotal for various initiatives and programs that enrich the educational experience for students, helping to bridge funding gaps and providing necessary materials and support that might otherwise be unavailable.
This initiative reinforces the importance of community-driven solutions in addressing educational needs while instilling a sense of pride and commitment among residents to invest in the future of their children. In essence, Magic Hat Thrift Shop Inc plays a crucial role in transforming the educational landscape by turning community contributions into tangible benefits for students in Marblehead.
This information is meant to be a general summary of Magic Hat Thrift Shop 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 2024.
- Investment Income: $1,556
- Program Service Revenue: $419,178
- Gross Receipts: $424,509
Assets and Liabilities:
- Total Assets: $145,156
- Total Liabilities: $12,089
- Net Assets: $133,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT SHOP INCOME
Revenue
$419,178
Organization Details
Founding Year
2005
Principal Officer
Stephanie Sullivan
Website
www.magichatthriftshop.comNTEE Category
Code: P29 - Human services
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