Overview
What is Shalom Thrift Shop Inc?
Shalom Thrift Shop Inc is a charitable organization situated in Cambridge, Minnesota. Their primary mission involves raising funds by selling donated merchandise, which are then distributed to various non-profit entities within the community. These organizations use the funds to provide immediate aid to individuals in need of essentials such as food, shelter, and clothing. Shalom Thrift Shop Inc has disbursed a significant amount of $525,293 to these non-profit organizations to support their initiatives. The organizations are expected to provide an accounting of how the funds are utilized to align with Shalom's mission. Furthermore, Shalom Thrift Shop Inc also offers resources to families dealing with cancer and supports a senior citizen center.
Official website here: www.facebook.com/shalomthriftshop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star Rating
Shalom Thrift Shop Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices despite a high program expense ratio of 99.35%. The organization benefits from a fully independent board, which is a strong point, but it lacks essential financial documentation such as annual financial statements and a whistleblower policy. These missing elements have contributed to a lower overall rating.
User feedback from Great Nonprofits paints a positive picture of Shalom Thrift Shop Inc, with clients and volunteers praising its commitment to charity and community support. Reviews highlight the thrift shop’s reasonable pricing and the fact that most profits are reinvested into local charities, showcasing its mission-driven approach. The organization is run entirely by volunteers from local churches, further emphasizing its community-centric ethos.
While the nonprofit excels in operational transparency through its board meetings and conflict of interest policies, the absence of key financial documentation suggests potential areas for improvement. Overall, Shalom Thrift Shop Inc is viewed as a valuable resource for the community, but enhancing its financial accountability could strengthen its reputation further.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Shalom Thrift Shop Inc legitimate?
Shalom Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shalom 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: $0
For more financial information, click here
Official website here: www.facebook.com/shalomthriftshop
What is the mission statement of Shalom Thrift Shop Inc?
Shalom Thrift Shop Inc's mission is centered around raising funds to support other non-profit organizations that aid individuals in the community experiencing emergencies related to food, shelter, clothing, and essential living necessities. They accomplish this by selling donated merchandise from the general public. The funds collected are then distributed to these organizations to help those in need. Shalom Thrift Shop Inc ensures that the granted funds are utilized in accordance with their mission by requiring regular accounting reports from the receiving organizations. Additionally, they offer assistance and resources for families dealing with cancer and support a senior citizen center.
Official website here: www.facebook.com/shalomthriftshop
Who is the CEO of Shalom Thrift Shop Inc?
Karen Anderson is the President of Shalom Thrift Shop Inc.
Official website here: www.facebook.com/shalomthriftshop
What is the revenue of Shalom Thrift Shop Inc?
Shalom Thrift Shop Inc's revenue in 2022 was $920,160.
Official website here: www.facebook.com/shalomthriftshop
Who are the executives of Shalom Thrift Shop Inc and what are their salaries?
There 130 volunteers at Shalom Thrift Shop Inc.
Here are 7 key members and their salaries:
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Official website here: www.facebook.com/shalomthriftshop
Where can I find the form 990 for Shalom Thrift Shop Inc?
Shalom Thrift Shop Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facebook.com/shalomthriftshop
Learn more at the official website: www.facebook.com/shalomthriftshop
Mission Statement of Shalom Thrift Shop Inc
Shalom Thrift Shop Inc, a non-profit organization, is dedicated to raising funds for distribution to other charities that aid individuals within the community who are facing emergencies related to food, shelter, clothing, or other essential needs. The organization achieves this mission by selling donated merchandise from the general public. The funds collected by Shalom Thrift Shop Inc are then distributed to various local churches and non-profits, enabling them to assist families in need by providing essential items such as food, clothing, temporary housing, and basic living expenses. To ensure accountability and adherence to its mission, Shalom Thrift Shop Inc requires organizations receiving grants to provide a report detailing how the funds were utilized.
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Impact
July, 2024
Shalom Thrift Shop Inc's impact is significant in supporting area families in need by distributing funds to various churches and non-profit organizations. The funds provided by Shalom Thrift Shop Inc help these organizations assist community members with emergency food, clothing, temporary housing, and basic living expenses. Additionally, Shalom Thrift Shop Inc offers support and information for families dealing with cancer and operates a senior citizen center. Through its fundraising activities, the organization plays a crucial role in addressing essential needs within the community and ensuring that vulnerable individuals are supported during challenging times.
This information is meant to be a general summary of Shalom 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 2022.
- Investment Income: $73
- Gross Receipts: $920,160
Assets and Liabilities:
- Total Assets: $1,464,539
- Total Liabilities: $439,139
- Net Assets: $1,025,400
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Organization Details
Founding Year
2008
Phone
(763) 689-0348Principal Officer
Karen Anderson
Main Address
1515 1ST AVE E PO BOX 492, CAMBRIDGE, MN, 55008
NTEE Category
Code: Z99 - Unknown
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