Overview
What is Pact Ministries?
Pact Ministries is a nonprofit organization situated in Mankato, Minnesota. Their primary mission involves operating a thrift store that serves as a platform for the community to donate used clothing, furniture, and household items. The organization then sells these items at the store, attracting around 30,000 patrons. The profits generated from sales and donations are utilized to purchase food, which is subsequently distributed to those in need through the Food for All program. This program provides essential nourishment to approximately 2,000 individuals at a nominal cost. In essence, Pact Ministries combines thrift store sales with food distribution to support the community.
Official website here: www.neighborhoodthriftstoremankato.com
Is Pact Ministries legitimate?
Pact Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pact Ministries 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: $114,890
For more financial information, click here
Official website here: www.neighborhoodthriftstoremankato.com
What is the mission statement of Pact Ministries?
Pact Ministries' mission is centered around providing affordable clothing and household items to the public. The proceeds generated from these sales and donations are utilized to purchase food, which is then distributed to individuals in need at a nominal cost. The organization operates a thrift store, where the community can donate used items such as clothing, furniture, and household items. These items are then sold at the store, with profits being channeled towards the acquisition of food for distribution through the Food for All program. This program serves approximately 2,000 individuals, providing them with essential nourishment.
Official website here: www.neighborhoodthriftstoremankato.com
Who is the CEO of Pact Ministries?
Randy Dinsmore is the President of Pact Ministries.
Official website here: www.neighborhoodthriftstoremankato.com
What is the revenue of Pact Ministries?
Pact Ministries's revenue in 2022 was $258,652.
Official website here: www.neighborhoodthriftstoremankato.com
Who are the executives of Pact Ministries and what are their salaries?
The average compensation at Pact Ministries during 2022 was $8,838. There are 13 employees and 37 volunteers at Pact Ministries.
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Official website here: www.neighborhoodthriftstoremankato.com
Where can I find the form 990 for Pact Ministries?
Pact Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.neighborhoodthriftstoremankato.com
Learn more at the official website: www.neighborhoodthriftstoremankato.com
Mission Statement of Pact Ministries
Pact Ministries, a nonprofit organization, is dedicated to providing affordable clothing and household items for the public. The proceeds generated from these sales and donations serve a noble purpose: they are used to acquire food, which is then distributed to those in need at a minimal cost. This initiative, known as the Food for All program, helps approximately 2,000 individuals in need. By operating a thrift store and encouraging community donations of used clothing, furniture, and household items, Pact Ministries not only offers a low-cost shopping experience but also contributes to alleviating food insecurity in their community.
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Impact
October, 2024
Pact Ministries makes a significant impact by offering low-cost clothing and household items to the community, facilitating affordable access to essentials for those in need. With approximately 30,000 patrons visiting the thrift store annually, it not only serves as a vital resource for affordable goods but also promotes sustainable practices through the donation and resale of used items.
The proceeds generated from the store are instrumental in funding the Food for All program, which aims to alleviate food insecurity in the area. This program serves around 2,000 individuals, ensuring that they receive nutritious food at a nominal cost. By merging the sale of donated goods with food distribution efforts, Pact Ministries effectively addresses both clothing and food needs in the community, demonstrating a multifaceted approach to supporting those facing economic challenges.
This information is meant to be a general summary of Pact Ministries. 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: $403
- Program Service Revenue: $227,420
- Gross Receipts: $258,652
Assets and Liabilities:
- Total Assets: $449,697
- Total Liabilities: $3,095
- Net Assets: $446,602
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALES
Revenue
$227,420
Organization Details
Founding Year
2007
Phone
(507) 625-7228Principal Officer
Randy Dinsmore
Main Address
105 W LIND ST, MANKATO, MN, 56001
NTEE Category
Code: X20 - Religion related
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