Overview
What is Ann Arbor Pto Thrift Shop Inc?
Ann Arbor Pto Thrift Shop Inc is a local nonprofit organization based in Ann Arbor, Michigan, specifically at 2280 S Industrial Hwy. Their primary mission is to support the Ann Arbor Public Schools and related parent teacher organizations, as well as other eligible 501c3 organizations, by selling donated household goods and clothing. The shop's net earnings are channeled towards these educational institutions, thereby contributing to community development and student activities. With a team of 32 dedicated employees, the thrift shop operates as a means to generate funds, ultimately promoting equity in the Ann Arbor community.
Official website here: www.a2ptothriftshop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating indicates that Ann Arbor PTO Thrift Shop Inc demonstrates a fair level of accountability and financial health, but there are areas that need improvement. The organization has a high percentage of independent board members, which is beneficial for governance, and it maintains no material diversion of assets, reflecting sound financial practices.
Strengths of the organization include a strong program expense ratio of 84.79%, suggesting that a significant portion of its funding is directed towards its programs rather than administrative costs. Additionally, the organization has properly documented board meeting minutes and maintains a favorable liabilities to assets ratio of 20.58%, indicating a manageable level of debt relative to its assets.
However, the organization has notable limitations, specifically the absence of crucial policies such as a conflict of interest policy, whistleblower policy, and a document retention and destruction policy. These missing policies can raise concerns regarding transparency and governance practices, which are essential for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ann Arbor Pto Thrift Shop Inc legitimate?
Ann Arbor Pto Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ann Arbor Pto 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: $517,079
For more financial information, click here
Official website here: www.a2ptothriftshop.org
What is the mission statement of Ann Arbor Pto Thrift Shop Inc?
The Ann Arbor Pto Thrift Shop Inc, as a local nonprofit organization, is committed to promoting equity within its community. Its primary mission is to support the Ann Arbor Public Schools and related parent-teacher organizations, as well as other 501c3 organizations, by donating the proceeds generated from its resale shop. By selling donated household goods and clothing, the shop raises net assets which are then distributed to the parent teacher organizations associated with the Ann Arbor Public Schools. This initiative aims to contribute to the well-being and activities of students within these educational institutions.
Official website here: www.a2ptothriftshop.org
Who is the CEO of Ann Arbor Pto Thrift Shop Inc?
Claudia Leiby is the Member-At-Large of Ann Arbor Pto Thrift Shop Inc.
Official website here: www.a2ptothriftshop.org
What is the revenue of Ann Arbor Pto Thrift Shop Inc?
Ann Arbor Pto Thrift Shop Inc's revenue in 2023 was $1,132,781.
Official website here: www.a2ptothriftshop.org
Who are the executives of Ann Arbor Pto Thrift Shop Inc and what are their salaries?
The average compensation at Ann Arbor Pto Thrift Shop Inc during 2023 was $16,159. There are 32 employees and 10 volunteers at Ann Arbor Pto Thrift Shop Inc.
Here are 7 key members and their salaries:
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Official website here: www.a2ptothriftshop.org
Where can I find the form 990 for Ann Arbor Pto Thrift Shop Inc?
Ann Arbor Pto Thrift Shop Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.a2ptothriftshop.org
Learn more at the official website: www.a2ptothriftshop.org
Mission Statement of Ann Arbor Pto Thrift Shop Inc
Ann Arbor Pto Thrift Shop Inc is a local, nonprofit organization with a mission to promote equity in its community. The thrift shop, run by the organization, is a means to achieve this goal. By selling donated household goods and clothing, Ann Arbor Pto Thrift Shop Inc raises net assets. These funds are then distributed to various parent teacher organizations associated with the Ann Arbor Public Schools. This nonprofit's mission is to support these educational institutions and the related organizations, thereby contributing to the betterment of student activities and the overall community.
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Impact
July, 2024
Ann Arbor PTO Thrift Shop Inc's impact lies in supporting Ann Arbor Public Schools parent teacher organizations and student activities by promoting equity in the community. The organization achieves this by donating the proceeds from its resale shop to various related 501c3 organizations, ultimately benefiting the educational initiatives and programs within the school district. Through its operations, Ann Arbor PTO Thrift Shop Inc plays a crucial role in providing essential resources and support to enhance the educational experiences of students in the Ann Arbor area.
This information is meant to be a general summary of Ann Arbor Pto 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 2023.
- Investment Income: $6,723
- Gross Receipts: $1,413,672
Assets and Liabilities:
- Total Assets: $860,516
- Total Liabilities: $177,109
- Net Assets: $683,407
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Organization Details
Founding Year
1992
Phone
(734) 996-9155Principal Officer
Claudia Leiby
Main Address
2280 S Industrial Hwy, Ann Arbor, MI, 48104
Website
www.a2ptothriftshop.orgNTEE Category
Code: P29Z - Human services
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