Overview
What is Trinity Thrift Incorporated Affordable Treasures?
Trinity Thrift Incorporated Affordable Treasures is a nonprofit organization situated in Bellfower, California. Their primary operation involves the selling of merchandise, primarily through donations and gifts. The net income generated from these sales is then distributed to support three other tax-exempt organizations. The organization operates with a team of 12 dedicated individuals. In essence, Trinity Thrift Incorporated Affordable Treasures acts as a platform for recycling goods, transforming donated items into funds that contribute to the missions of three other charitable organizations. By shopping at their thrift store, customers not only find affordable treasures but also contribute to the greater good.
Official website here: www.affordabletreasures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Trinity Thrift Incorporated Affordable Treasures has received a Two-Star rating from Charity Navigator, indicating a need for improvement in accountability and financial transparency. The organization's overall score of 69% reflects its strengths in maintaining a fully independent board and a favorable liabilities to assets ratio. Additionally, it demonstrates a robust program expense ratio of 100%, suggesting that all its resources are directed towards its mission.
However, the nonprofit faces significant limitations in its financial reporting and governance policies. It has not provided financial statements, which has resulted in a score of zero out of 15 points in that category. Furthermore, the absence of essential policies, including conflict of interest and whistleblower protections, raises concerns about its operational governance and transparency. The lack of publicly available documentation, such as its tax form, further complicates the assessment of its financial health.
In summary, while Trinity Thrift Incorporated Affordable Treasures shows commendable commitment to its mission through program funding, the nonprofit must address its governance shortcomings and improve transparency to enhance trust and accountability among its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Thrift Incorporated Affordable Treasures legitimate?
Trinity Thrift Incorporated Affordable Treasures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Thrift Incorporated Affordable Treasures 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: $283,782
For more financial information, click here
Official website here: www.affordabletreasures.org
What is the mission statement of Trinity Thrift Incorporated Affordable Treasures?
Trinity Thrift Incorporated Affordable Treasures primarily operates a thrift store, selling predominantly donated or gifted merchandise. The primary objective of this operation is to generate a net income, which is then distributed to support three tax-exempt organizations. Essentially, the thrift store serves as a means to generate funds for these charitable organizations.
Official website here: www.affordabletreasures.org
Who is the CEO of Trinity Thrift Incorporated Affordable Treasures?
Elroy Vanderley is the Principal Officer of Trinity Thrift Incorporated Affordable Treasures.
Official website here: www.affordabletreasures.org
What is the revenue of Trinity Thrift Incorporated Affordable Treasures?
Trinity Thrift Incorporated Affordable Treasures's revenue in 2022 was $610,422.
Official website here: www.affordabletreasures.org
Who are the executives of Trinity Thrift Incorporated Affordable Treasures and what are their salaries?
The average compensation at Trinity Thrift Incorporated Affordable Treasures during 2022 was $23,648. There are 12 employees and 25 volunteers at Trinity Thrift Incorporated Affordable Treasures.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.affordabletreasures.org
Where can I find the form 990 for Trinity Thrift Incorporated Affordable Treasures?
Trinity Thrift Incorporated Affordable Treasures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.affordabletreasures.org
Learn more at the official website: www.affordabletreasures.org
Mission Statement of Trinity Thrift Incorporated Affordable Treasures
Trinity Thrift Incorporated Affordable Treasures is primarily engaged in running a thrift store. The store's operations revolve around selling merchandise, mainly through gifts and donations. An essential aspect of this organization is the distribution of its net income to support three tax-exempt organizations. By operating a thrift store, Trinity Thrift Incorporated Affordable Treasures contributes to its philanthropic mission, utilizing donated items to generate income that subsequently benefits other charitable entities.
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Impact
July, 2024
Trinity Thrift Incorporated Affordable Treasures positively impacts its community through its thrift store operations which solely involve selling merchandise predominantly received by gifts or donations. The net income generated from these sales is distributed to support three tax exempt organizations, contributing to the welfare of those in need. Located in Bellflower, CA, this organization operates with a mission to provide affordable treasures to the community while supporting important causes. Its dedication to human services makes a meaningful difference in the lives of many individuals.
This information is meant to be a general summary of Trinity Thrift Incorporated Affordable Treasures. 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: $2,893
- Gross Receipts: $610,422
Assets and Liabilities:
- Total Assets: $778,562
- Total Liabilities: $0
- Net Assets: $778,562
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Organization Details
Founding Year
1996
Phone
(562) 866-0060Principal Officer
Elroy Vanderley
Main Address
17829 BELLFLOWER BLVD, BELLFLOWER, CA, 90706
Website
www.affordabletreasures.orgNTEE Category
Code: P29 - Human services
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