Overview
What is The Village Store - A Community Thrift Shop?
The Village Store - A Community Thrift Shop is a nonprofit organization situated in Wimberley, Texas. Its primary mission is to operate a community thrift shop, where donated merchandise is sold to generate profits. These earnings are then distributed to various other tax-exempt 501(C)(3) organizations within the community. The number of volunteer hours contributed by each organization significantly influences the allocated funds. The organization operates with a single employee, demonstrating its commitment to redistributing resources within the community.
Official website here: www.wimberleyvillagethriftstore.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The Village Store - A Community Thrift Shop has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is derived solely from the Accountability & Finance category, where the organization scored 54%. While it benefits from having a fully independent board with no material diversions of assets, the lack of financial statements and key policies like conflict of interest and whistleblower protections raises alarms about transparency.
The organization does show strengths in its program expense ratio, with an impressive 93.40%, suggesting that the majority of its funding is directed towards its programs. Additionally, the board's commitment to independence is a positive aspect, as all members are independent, which can enhance governance and decision-making. However, the absence of critical documents like tax forms on the nonprofit's website and missing policies for conflict of interest and document retention highlight significant areas of weakness.
Overall, while The Village Store is effectively allocating resources towards its mission, the lack of essential financial documentation and policies creates concerns about its overall governance and transparency. Stakeholders and potential donors may wish to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Village Store - A Community Thrift Shop?
3 reviews on Facebook highlight positive sentiments regarding The Village Store - A Community Thrift Shop. Many users express appreciation for the shop's unique offerings, describing it as a fantastic opportunity to own a piece of Wimberley.
Though the nonprofit does not yet have an extensive number of ratings, the individual feedback indicates a strong sense of community and value associated with the thrift shop. Customers seem to enjoy the experience and find it worthwhile.
Overall, the enthusiasm around the shop suggests that it effectively contributes to the local community, resonating well with those who have visited.
This AI summary has been generated from reviews found on Facebook.
Is The Village Store - A Community Thrift Shop legitimate?
The Village Store - A Community Thrift Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Village Store - A Community Thrift Shop 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: $58,092
For more financial information, click here
Official website here: www.wimberleyvillagethriftstore.org/
What is the mission statement of The Village Store - A Community Thrift Shop?
The Village Store - A Community Thrift Shop's primary mission is centered around operating a community thrift shop. This thrift shop serves as a platform for selling donated merchandise, with the profits generated being distributed to various other tax-exempt 501(C)(3) organizations within the community. The distribution of funds is proportional to the number of volunteer hours contributed by each organization. This thrift shop not only provides an avenue for recycling goods but also contributes to the support of numerous community-based organizations.
Official website here: www.wimberleyvillagethriftstore.org/
Who is the CEO of The Village Store - A Community Thrift Shop?
Leigh Peterson is the President of The Village Store - A Community Thrift Shop.
Official website here: www.wimberleyvillagethriftstore.org/
What is the revenue of The Village Store - A Community Thrift Shop?
The Village Store - A Community Thrift Shop's revenue in 2023 was $532,161.
Official website here: www.wimberleyvillagethriftstore.org/
Who are the executives of The Village Store - A Community Thrift Shop and what are their salaries?
The average compensation at The Village Store - A Community Thrift Shop during 2023 was $58,092. There is 1 employee and 50 volunteers at The Village Store - A Community Thrift Shop.
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Official website here: www.wimberleyvillagethriftstore.org/
Where can I find the form 990 for The Village Store - A Community Thrift Shop?
The Village Store - A Community Thrift Shop's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wimberleyvillagethriftstore.org/
Learn more at the official website: www.wimberleyvillagethriftstore.org/
Mission Statement of The Village Store - A Community Thrift Shop
The Village Store - A Community Thrift Shop is a nonprofit organization with a unique mission. Its primary objective is to operate a community thrift shop, where it sells donated merchandise. The proceeds generated from these sales are then distributed to other tax-exempt 501(C)(3) organizations within the community. This distribution is not based on random selection but is proportional to the number of volunteer hours contributed by each organization. This system ensures that the organizations that have actively supported The Village Store through volunteer work receive a portion of the profits. This cycle of donations and distributions helps strengthen the community by supporting various tax-exempt organizations that contribute to the well-being of the community.
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Impact
July, 2024
The Village Store - A Community Thrift Shop has a significant impact on the community by providing a space for the sale of donated merchandise, the proceeds of which are distributed to other tax-exempt 501(c)(3) organizations in the area. This model not only promotes recycling and reuse but also directly benefits various charitable organizations that rely on funding to carry out their missions. The thrift shop serves as a hub for community engagement, volunteerism, and support for those in need. Overall, The Village Store plays a vital role in fostering a sense of unity and solidarity within Wimberley, TX, and beyond.
This information is meant to be a general summary of The Village Store - A Community Thrift Shop. 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 2023.
- Investment Income: $289
- Program Service Revenue: $530,336
- Gross Receipts: $532,161
Assets and Liabilities:
- Total Assets: $1,026,341
- Total Liabilities: $788,128
- Net Assets: $238,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VILLAGE STORE SALES
Revenue
$530,336
Organization Details
Founding Year
2002
Phone
(512) 847-5400Principal Officer
Leigh Peterson
Main Address
PO BOX 2463, WIMBERLEY, TX, 78676
NTEE Category
Code: P29 - Human services
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