Overview
What is Park Avenue Thrift Inc?
Park Avenue Thrift Inc is a nonprofit organization located at 507 S GRAND AVE, ENID, OK, 73701. Its primary mission is to improve the quality of life in the Enid community by collecting donations, operating a high-quality thrift store, and distributing the proceeds to local 501(C)3 entities, churches, and community organizations. The thrift store sells a variety of items, including clothing, furniture, and household goods, all donated by the community and surrounding areas. The store operates at bargain prices, and 100% of the profits are donated back to the community, supporting various initiatives that enhance the community's overall well-being. With a team of 65 dedicated employees, Park Avenue Thrift Inc is committed to serving and strengthening the Enid community.
Official website here: www.parkavenuethrift.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Park Avenue Thrift Inc has received a Three-Star rating from Charity Navigator, signifying a solid level of accountability and financial health. The organization scored 81% overall, with its rating derived solely from its Accountability & Finance metrics. This strong score reflects prudent financial management and transparency practices within the nonprofit.
The organization demonstrates a strong governance structure, highlighted by having an entirely independent board of members. Key aspects of effective governance such as a conflict of interest policy, a whistleblower policy, and a document retention policy are all in place and fully accounted for. Additionally, the organization's fiscal health is commendably maintained, with a low liabilities-to-assets ratio and a high program expense ratio, indicating that a significant portion of its expenditures are directed toward its mission.
Despite the favorable ratings and governance practices, there are no specific limitations highlighted in the data. The absence of material diversions of assets and the comprehensive listing of operational policies further reinforce Park Avenue Thrift's commitment to accountability, making it a noteworthy nonprofit for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Park Avenue Thrift Inc legitimate?
Park Avenue Thrift Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Park Avenue Thrift 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: $71,739
Professional Fundraising Fees: $0
Other Salaries and Wages: $655,163
For more financial information, click here
Official website here: www.parkavenuethrift.org
What is the mission statement of Park Avenue Thrift Inc?
Park Avenue Thrift Inc's mission is centered around enhancing the community by collecting donations, operating a top-notch thrift store, and distributing the earnings to local nonprofit organizations. These organizations, in turn, invest in initiatives that significantly improve the quality of life within the community. The thrift store sells a variety of items, such as clothing, furniture, and household goods, at affordable prices to its customers. The entirety of the profits generated from the thrift store's operations is then donated back to the community, supporting various 501(c)3 entities, churches, and community organizations.
Official website here: www.parkavenuethrift.org
Who is the CEO of Park Avenue Thrift Inc?
Anita Luetkeymeyer is the Director of Park Avenue Thrift Inc.
Official website here: www.parkavenuethrift.org
What is the revenue of Park Avenue Thrift Inc?
Park Avenue Thrift Inc's revenue in 2022 was $1,902,857.
Official website here: www.parkavenuethrift.org
Who are the executives of Park Avenue Thrift Inc and what are their salaries?
The average compensation at Park Avenue Thrift Inc during 2022 was $11,183. There are 65 employees at Park Avenue Thrift Inc.
Here are 6 key members and their salaries:
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Official website here: www.parkavenuethrift.org
Where can I find the form 990 for Park Avenue Thrift Inc?
Park Avenue Thrift Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parkavenuethrift.org
Learn more at the official website: www.parkavenuethrift.org
Mission Statement of Park Avenue Thrift Inc
Park Avenue Thrift Inc, a community-focused organization, aims to strengthen the community and serve others by undertaking three key activities. Firstly, they collect donations from the local community and surrounding areas. These donations include clothing, furniture, and household goods. Secondly, they operate a top-notch thrift store, offering these items at bargain prices to shoppers. Lastly, and most significantly, the profits generated from the store's operations are donated back to the community. These funds are distributed through grants to various 501(c)3 entities, churches, and community organizations. These organizations, in turn, invest in quality-of-life initiatives, thereby enhancing the community as a whole. Park Avenue Thrift Inc's mission is centered around the idea of giving back to the community, ensuring that the proceeds from their thrift store contribute positively to the local area.
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Impact
October, 2024
Park Avenue Thrift Inc plays a vital role in strengthening the Enid community by providing affordable access to clothing, furniture, and household goods. The thrift store operates through donations from community members and surrounding areas, ensuring that those in need can find essential items at bargain prices.
Profits generated from the store are reinvested back into the community, specifically targeting quality-of-life initiatives. By providing grants to 501(c)3 organizations, churches, and other local entities, Park Avenue Thrift Inc enhances various programs and services that uplift and support residents in Enid. This cycle of giving not only meets immediate needs but also fosters a culture of generosity and community spirit, ultimately contributing to the overall well-being and development of the area.
This information is meant to be a general summary of Park Avenue Thrift 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: $4,032
- Program Service Revenue: $1,898,825
- Gross Receipts: $1,902,857
Assets and Liabilities:
- Total Assets: $1,708,841
- Total Liabilities: $96,441
- Net Assets: $1,612,400
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC INCOME
Revenue
$3,295
RECYCLE
Revenue
$26,890
THRIFT SHOP SALES
Revenue
$1,868,640
Organization Details
Founding Year
2007
Phone
(580) 233-7275Principal Officer
Anita Luetkeymeyer
Main Address
507 S GRAND AVE, ENID, OK, 73701
Website
www.parkavenuethrift.orgNTEE Category
Code: P29 - Human services
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