Overview
What is American Veterans Thrift Store?
American Veterans Thrift Store is a nonprofit organization situated at 14 Ocean Breeze Drive, Rehoboth Beach, DE 19971. Their primary mission is to provide financial assistance to military veterans and their families in need. The organization, with a team of 33 dedicated employees, operates through various means, though the specifics are not provided in the information. It's worth noting that the store likely generates funds through the sale of donated items, as is common for thrift stores. However, the exact nature of their financial assistance programs is not explicitly stated. Despite this, it's clear that American Veterans Thrift Store is committed to supporting those who have served our country and their families in times of need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.
The American Veterans Thrift Store has received a low rating primarily due to significant shortcomings in accountability and financial transparency. The score reflects a lack of independent board members and missing essential policies, including conflict of interest and whistleblower policies, which are crucial for ensuring governance integrity. The absence of financial statements further compounds these issues, indicating a lack of transparency in financial practices.
Despite some positive indicators, such as the organization’s ability to avoid a material diversion of assets, the overall performance in financial management is concerning. The organization has a program expense ratio of 59.24%, which shows that a majority of its funds are directed towards its programs, but this is overshadowed by the deficiencies in its governance practices.
The organization also failed to post essential documents, including its tax form, on its website and lacks a documented policy for retaining records. These factors contribute to a perception of instability and inconsistency in its operations, which potential donors and beneficiaries may want to consider before engaging with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is American Veterans Thrift Store legitimate?
American Veterans Thrift Store is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Veterans Thrift Store 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: $58,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $307,772
For more financial information, click here
What is the mission statement of American Veterans Thrift Store?
The American Veterans Thrift Store is dedicated to assisting financially, providing support to military veterans and their families in need. Their mission is centered around this objective, aiming to make a difference in the lives of those who have served their country. By operating a thrift store, they raise funds to provide financial aid, thereby contributing to the well-being of these individuals. The store serves as a source of support, helping veterans and their families navigate through financial hardships. The specific activities and initiatives undertaken by the store are geared towards fulfilling this mission.
Who is the CEO of American Veterans Thrift Store?
Elizabeth Cooley is the President of American Veterans Thrift Store.
What is the revenue of American Veterans Thrift Store?
American Veterans Thrift Store's revenue in 2022 was $852,728.
Who are the executives of American Veterans Thrift Store and what are their salaries?
The average compensation at American Veterans Thrift Store during 2022 was $11,098. There are 33 employees and 10 volunteers at American Veterans Thrift Store.
Here are 3 key members and their salaries:
- Compensation: $58,461
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Veterans Thrift Store?
American Veterans Thrift Store's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Veterans Thrift Store
American Veterans Thrift Store is dedicated to providing financial assistance to military veterans and their families who find themselves in need. The organization's mission is centered around this primary goal, working tirelessly to support those who have served their country. By offering financial aid, American Veterans Thrift Store aims to alleviate some of the financial burdens faced by these veterans and their families, ensuring they can continue to live with dignity and security.
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Impact
July, 2024
American Veterans Thrift Store's impact can be seen in the direct financial assistance it provides to military veterans and their families in need. Through its thrift store operations in Rehoboth Beach, DE, this organization plays a vital role in supporting those who have served their country. By generating funds through its thrift store sales, American Veterans Thrift Store is able to offer much-needed financial support to veterans and their families, helping them navigate through challenging times and improve their quality of life. This tangible impact makes a significant difference in the lives of those who have sacrificed for their country.
This information is meant to be a general summary of American Veterans Thrift Store. 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: $852,728
- Gross Receipts: $852,728
Assets and Liabilities:
- Total Assets: $297,649
- Total Liabilities: $168,804
- Net Assets: $128,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ITEM SALES
Revenue
$852,728
Organization Details
Founding Year
2013
Principal Officer
Elizabeth Cooley
Main Address
14 OCEAN BREEZE DR, REHOBOTH BEACH, DE, 19971
NTEE Category
Code: P29 - Human services
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