Overview
What is Restored Inc?
Restored Inc, based in Merced, California, is a nonprofit organization that operates a thrift store as a means to generate income for two local Christian schools. With a small workforce of four individuals, their mission is centered around providing financial support to these educational institutions. The thrift store serves as a source of revenue, contributing to the overall well-being and sustainability of the schools within the community.
Is Restored Inc legitimate?
Restored Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restored 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,693
For more financial information, click here
What is the mission statement of Restored Inc?
Restored Inc, as an organization, is committed to operating a thrift store as a means to generate income. This income is intended for the support of two local Christian schools. By running the thrift store, Restored Inc aims to contribute financially to the education of children in these institutions. The revenue generated from the sales at the thrift store serves as a vital source of funds for these schools, thereby playing a significant role in their operations.
What is the revenue of Restored Inc?
Restored Inc's revenue in 2023 was $814,372.
Who are the executives of Restored Inc and what are their salaries?
The average compensation at Restored Inc during 2023 was $62,673. There are 4 employees and 9 volunteers at Restored Inc.
Here are 3 key members and their salaries:
- 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 Restored Inc?
Restored Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Restored Inc
Restored Inc, a nonprofit organization, is dedicated to operating a thrift store with a noble purpose. Their mission is to generate income for two local Christian schools. By managing this thrift store, Restored Inc contributes financially to the education of children in these institutions. This endeavor highlights their commitment to supporting the community and nurturing the future by providing educational opportunities.
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Impact
October, 2024
Restored Inc plays a significant role in the community by operating a thrift store that generates vital income for two local Christian schools in Merced, CA. This initiative not only provides financial support for educational programs but also fosters a sense of community through the donation and purchase of gently used items. By promoting sustainable shopping practices and encouraging community engagement, Restored Inc helps to enhance the overall educational experience for students while also addressing environmental concerns related to waste. The thrift store serves as a valuable resource, creating a positive impact that extends beyond financial contributions, enriching both the schools and the community at large.
This information is meant to be a general summary of Restored 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 2023.
- Investment Income: $27
- Program Service Revenue: $801,203
- Gross Receipts: $814,372
Assets and Liabilities:
- Total Assets: $135,613
- Total Liabilities: $4,379
- Net Assets: $131,234
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECYLCLING PROGRAM
Revenue
$15,410
MERCHANDISE SALES
Revenue
$784,593
OTHER INCOME
Revenue
$1,200
Organization Details
Founding Year
2014
Principal Officer
Jennifer Hooker
NTEE Category
Code: P29 - Human services
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