Overview
What is Portage Resale Center?
The Portage Resale Center, located at 301 WEST 2ND STREET, PORT CLINTON, OH 43452, is a nonprofit organization dedicated to advancing charity and serving various charitable purposes. They accomplish this by operating a thrift store and distributing their earnings to support several charitable agencies. The primary mission of the Portage Resale Center is to contribute to the community by generating funds for charitable causes through the operation of their thrift store. With a team of eight employees, they strive to make a positive impact in their local area and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating suggests that while the Portage Resale Center demonstrates solid financial practices, there are several areas for improvement in governance and transparency. The organization has a high program expense ratio of 100%, indicating that all its expenses are directed toward its programs, reflecting a strong commitment to its mission.
The Portage Resale Center has received high scores for several accountability measures, including having a fully independent board and no material diversion of assets. However, it lacks key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are crucial for maintaining transparency and accountability.
Overall, while the Portage Resale Center shows strengths in financial management and independent governance, it faces significant limitations due to its missing governance policies. Addressing these gaps could enhance its accountability further and improve its rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Portage Resale Center legitimate?
Portage Resale Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage Resale Center 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: $126,182
For more financial information, click here
What is the mission statement of Portage Resale Center?
The Portage Resale Center's mission is centered around operating a thrift store for charitable purposes. Their primary goal is to advance charity and contribute to various charitable causes. They achieve this by distributing their funds to these charitable agencies, specifically mentioned in their mission statement. The thrift store serves as a means to generate funds, which are then utilized towards charitable activities.
Who is the CEO of Portage Resale Center?
Heather Stouffer is the Director of Portage Resale Center.
What is the revenue of Portage Resale Center?
Portage Resale Center's revenue in 2022 was $485,834.
Who are the executives of Portage Resale Center and what are their salaries?
The average compensation at Portage Resale Center during 2022 was $15,773. There are 8 employees at Portage Resale Center.
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Where can I find the form 990 for Portage Resale Center?
Portage Resale Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portage Resale Center
Portage Resale Center, a nonprofit organization, is dedicated to operating a thrift store with a charitable purpose. Their mission is twofold: firstly, they aim to advance charity through the operation of this thrift store. Secondly, they distribute the proceeds from the store for various charitable causes. The organization has a particular focus on supporting several charitable agencies with these funds. By operating a thrift store and distributing its earnings to deserving causes, Portage Resale Center contributes to the betterment of the community and the wider society.
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Impact
July, 2024
Portage Resale Center's impact can be seen in its support for charitable organizations through the operation of a thrift store. By distributing funds to various charitable agencies, the center helps advance the causes of these organizations and enables them to better serve their communities. The thrift store model not only provides a sustainable source of funding but also promotes recycling and reusing goods, contributing to environmental sustainability. Through its activities, Portage Resale Center plays a vital role in improving the well-being of individuals and communities in need.
This information is meant to be a general summary of Portage Resale Center. 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.
- Program Service Revenue: $468,359
- Gross Receipts: $485,834
Assets and Liabilities:
- Total Assets: $213,592
- Total Liabilities: $67,322
- Net Assets: $146,270
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES REVENUE
Revenue
$468,359
Organization Details
Founding Year
2011
Phone
(419) 732-1780Principal Officer
Heather Stouffer
Main Address
301 WEST 2ND STREET, PORT CLINTON, OH, 43452
NTEE Category
Code: P29 - Human services
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