Overview
What is The Clubs Thrift Store Inc?
The Clubs Thrift Store Inc, operating under the name New 2 You Thrift Store, is a nonprofit organization situated in Little Falls, Minnesota. It primarily serves as a fundraising platform for the Boys and Girls Clubs of Morrison County, helping them meet their operational expenses on a regular basis. The thrift store generates profits, which are then distributed to the Boys and Girls Clubs. The mission of this organization is to support youth from low-income families in Morrison County, and it also assists local tax-exempt organizations that address the challenges faced by at-risk youth daily. The organization operates from January to December and served approximately 102 youth in 2022 with an average daily attendance of 20. It employs a team of 22 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Clubs Thrift Store Inc Dba New 2 You Thrift Store has achieved an 80% rating, earning it a Three-Star designation. This rating is solely based on their Accountability & Finance score, indicating a strong commitment to managing resources effectively. The organization has maintained transparency and accountability with a fully independent board, which scored top marks in several governance aspects.
Strengths include their high program expense ratio of 94.63%, suggesting that a significant portion of their funds are dedicated to programs rather than administrative costs. Additionally, the organization has no material diversion of assets and reports all board meeting minutes, reflecting a solid operational foundation. Their liabilities to assets ratio of 11.54% demonstrates financial stability.
While the rating is commendable, there are no specific limitations noted in the data. Overall, The Clubs Thrift Store appears to be well-managed, with a focus on fulfilling its mission through effective resource allocation and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Clubs Thrift Store Inc legitimate?
The Clubs Thrift Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Clubs Thrift Store 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: $50,051
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,521
For more financial information, click here
What is the mission statement of The Clubs Thrift Store Inc?
The Clubs Thrift Store Inc, operating under the name New 2 You Thrift Store, is committed to supporting youth from low-income families within Morrison County. Its mission is to provide financial assistance to local tax-exempt organizations that address the challenges faced by at-risk youth on a daily basis. The organization serves as a primary funding source for the Boys and Girls Clubs of Morrison County, helping them meet their operational expenses. Regular profits from the thrift store are distributed to the Boys and Girls Clubs, contributing to their ongoing operations. The organization's activities primarily cover the costs associated with operating the thrift store, which in 2022, served approximately 102 youth, with an average daily attendance of 20.
Who is the CEO of The Clubs Thrift Store Inc?
Bernard Jeub is the Treasurer of The Clubs Thrift Store Inc.
What is the revenue of The Clubs Thrift Store Inc?
The Clubs Thrift Store Inc's revenue in 2022 was $483,175.
Who are the executives of The Clubs Thrift Store Inc and what are their salaries?
The average compensation at The Clubs Thrift Store Inc during 2022 was $9,617. There are 22 employees and 21 volunteers at The Clubs Thrift Store Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $50,051
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Clubs Thrift Store Inc?
The Clubs Thrift Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Clubs Thrift Store Inc
The Clubs Thrift Store Inc Dba New 2 You Thrift Store is committed to supporting youth from low-income families within Morrison County. Its mission is to aid local tax-exempt organizations that tackle the challenges faced by at-risk youth on a daily basis. This thrift store serves as a significant funding source for the Boys and Girls Clubs of Morrison County, assisting them in managing their operational expenses. The organization regularly distributes its earnings from the thrift store to the Boys and Girls Clubs, contributing to their ongoing operations. The Boys and Girls Clubs, in turn, catered to approximately 102 youth in 2022, with an average daily attendance of 20. The Clubs Thrift Store Inc Dba New 2 You Thrift Store operates throughout the year, from January to December, contributing to the betterment of at-risk youth in Morrison County.
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Impact
July, 2024
The Clubs Thrift Store Inc Dba New 2 You Thrift Store's impact lies in its dedication to supporting youth from low-income families in Morrison County and aiding local tax-exempt organizations that focus on addressing the challenges faced by at-risk youth. This organization serves as a crucial fundraising source for the local Boys and Girls Clubs of Morrison County, assisting them in meeting their current and future operating expenses. By distributing its thrift store profits to the Boys and Girls Clubs regularly, this initiative directly contributes to the betterment and support of approximately 102 youth in the area, with an average daily attendance of 20 in 2022. Through its operations, The Clubs Thrift Store Inc Dba New 2 You Thrift Store plays a significant role in providing essential program service expenses, ensuring the sustainability and impact of these vital youth-focused organizations in the community.
This information is meant to be a general summary of The Clubs Thrift Store 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: $1,541
- Gross Receipts: $483,175
Assets and Liabilities:
- Total Assets: $294,110
- Total Liabilities: $33,941
- Net Assets: $260,169
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Organization Details
Founding Year
2013
Phone
(320) 639-2232Principal Officer
Bernard Jeub
Main Address
505 WEST BROADWAY, LITTLE FALLS, MN, 56345
NTEE Category
Code: P29 - Human services
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