Overview
What is North Shore Exchange Nfp?
North Shore Exchange Nfp is a nonprofit organization situated in Glencoe, Illinois. With a focus on charitable objectives, North Shore Exchange operates a unique donation and consignment resale shop. This shop offers a blend of luxury consignment items and designer shopping experiences, while also encouraging volunteerism. The primary mission of North Shore Exchange is to support Chicagoland charities that cater to underprivileged children and families. They employ a team of 28 individuals in their dedicated efforts to contribute to these noble causes.
Official website here: www.northshoreexchange.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
North Shore Exchange Nfp has achieved a score of 77%, which translates to a Three-Star rating on Charity Navigator. This score reflects a strong emphasis on accountability and finance, with the organization excelling in various aspects such as having a fully independent board and robust financial oversight mechanisms in place. The charity demonstrates transparency through its listed policies on conflict of interest, whistleblower protections, and regular documentation of board meeting minutes.
The organization shows impressive financial management, evidenced by a program expense ratio of 96.67%, indicating that a significant portion of its spending directly supports its programs. However, it does face a noteworthy challenge with its liabilities to assets ratio, which is at 82.81%. This high ratio suggests potential financial strain that could impact its long-term sustainability if not addressed.
Overall, North Shore Exchange Nfp is recognized for its strong governance and operational transparency, making it a reliable choice for donors looking to support a nonprofit with sound financial practices. Nonetheless, the organization may need to focus on improving its financial stability to enhance its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is North Shore Exchange Nfp legitimate?
North Shore Exchange Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Shore Exchange Nfp 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: $532,752
For more financial information, click here
Official website here: www.northshoreexchange.org
What is the mission statement of North Shore Exchange Nfp?
North Shore Exchange Nfp is a nonprofit organization that primarily supports charities serving children and families living in poverty in the Chicago area. It accomplishes this unique mission through a combination of luxury consignment, designer shopping, and volunteerism. By operating a donation and consignment resale shop, North Shore Exchange raises funds for its charitable objectives. This approach not only provides an opportunity for individuals to shop for high-end items at affordable prices but also contributes to the betterment of the community. The organization's activities aim to alleviate poverty and support local charities, making a positive impact on the lives of the less fortunate.
Official website here: www.northshoreexchange.org
Who is the CEO of North Shore Exchange Nfp?
Wendy Serrino is the President of North Shore Exchange Nfp.
Official website here: www.northshoreexchange.org
What is the revenue of North Shore Exchange Nfp?
North Shore Exchange Nfp's revenue in 2022 was $4,150,868.
Official website here: www.northshoreexchange.org
Who are the executives of North Shore Exchange Nfp and what are their salaries?
The average compensation at North Shore Exchange Nfp during 2022 was $19,027. There are 28 employees and 80 volunteers at North Shore Exchange Nfp.
Here are 7 key members and their salaries:
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Official website here: www.northshoreexchange.org
Where can I find the form 990 for North Shore Exchange Nfp?
North Shore Exchange Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northshoreexchange.org
Learn more at the official website: www.northshoreexchange.org
Mission Statement of North Shore Exchange Nfp
North Shore Exchange Nfp is a nonprofit organization that primarily supports charities serving children and families living in poverty in the Chicagoland area. They accomplish this unique mission through a combination of luxury consignment, designer shopping, and volunteerism. By operating a donation and consignment resale shop, North Shore Exchange Nfp raises funds for charitable objectives, providing a tangible way to give back to the community. This innovative approach not only allows individuals to shop for high-quality items at affordable prices, but also contributes to the betterment of children and families in need.
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Impact
July, 2024
North Shore Exchange Nfp positively impacts Chicagoland charities serving children and families living in poverty. Through its unique combination of luxury consignment, designer shopping, and volunteerism, North Shore Exchange raises funds to support these charitable objectives. By operating a donation and consignment resale shop, North Shore Exchange Nfp is able to make a tangible difference in the lives of those in need in the community.
This information is meant to be a general summary of North Shore Exchange Nfp. 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: -$11,146
- Program Service Revenue: $4,068,116
- Gross Receipts: $4,162,014
Assets and Liabilities:
- Total Assets: $1,959,858
- Total Liabilities: $1,662,605
- Net Assets: $297,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSIGNOR SALES
Revenue
$4,068,116
Organization Details
Founding Year
2012
Phone
(847) 835-0026Principal Officer
Wendy Serrino
Main Address
372 HAZEL AVE, GLENCOE, IL, 60022
Website
www.northshoreexchange.orgNTEE Category
Code: T30 - Philanthropy
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