Overview
What is Mcb Thrift Store?
McB Thrift Store is a nonprofit organization situated in Springfield, Missouri. Their primary mission is to enhance the well-being of their members and legally blind individuals within Missouri, as well as support or engage in programs that benefit legally blind individuals globally. The organization achieves this goal by operating a thrift store, selling second-hand clothing, furniture, and household items at affordable prices. In addition, they have a warehouse processing center where donated merchandise is collected, cleaned, and stored. This warehouse also sells items that are not suitable for retail stores. The McB Thrift Store's activities are all geared towards supporting and advocating for the best interests of legally blind individuals. With a team of 12 employees, the organization strives to provide resources and opportunities for this community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Mcb Thrift Store has earned a Four-Star out of Four Star rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scored a commendable 94% overall, reflecting an emphasis on financial health and transparency. The score is derived entirely from the Accountability & Finance category, which is a significant indicator of effective management and ethical practices.
The nonprofit's strengths include a fully independent board, with all ten members meeting independence criteria, and an excellent score in the material diversion of assets, which shows no mismanagement of resources. Additionally, the organization has established comprehensive policies around conflict of interest, whistleblower protection, and document retention, all of which contribute to its strong ethical framework.
However, while Mcb Thrift Store boasts a high program expense ratio of 86.08%, indicating that a significant portion of its expenditures directly supports its mission, further insights into the impact of its programs are not detailed in the available data. Overall, the nonprofit's high score reflects its solid operational practices and commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Mcb Thrift Store legitimate?
Mcb Thrift Store is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mcb 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: $49,272
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,415
For more financial information, click here
What is the mission statement of Mcb Thrift Store?
The McB Thrift Store's mission is to enhance the general well-being of its members and legally blind individuals in Missouri. It aims to support or engage in programs that promote the best interests of legally blind individuals globally. The thrift store, located in Southern Missouri, sells used clothing, furniture, and household goods at bargain prices. The related warehouse processing center collects, cleans, and stores donated merchandise, and also sells items that are not suitable for retail stores.
What is the revenue of Mcb Thrift Store?
Mcb Thrift Store's revenue in 2023 was $474,796.
Who are the executives of Mcb Thrift Store and what are their salaries?
The average compensation at Mcb Thrift Store during 2023 was $18,437. There are 13 employees and 4 volunteers at Mcb Thrift Store.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $47,734
- Related: $0
- Other: $0
Where can I find the form 990 for Mcb Thrift Store?
Mcb Thrift Store's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mcb Thrift Store
McB Thrift Store, a nonprofit organization, is dedicated to promoting the general well-being of its members and legally blind individuals in Missouri. Its mission extends beyond its borders, aiming to support and participate in programs that advance the best interests of legally blind individuals worldwide. The organization achieves this mission through various activities, including operating a thrift store where used clothing, furniture, and household goods are sold at affordable prices.
The thrift store is not just a retail outlet but serves as a platform for promoting the well-being of its members and legally blind individuals. The related warehouse processing center plays a vital role in this mission. It collects, cleans, and stores donated merchandise, ensuring a constant supply of items for sale. Additionally, the warehouse sells donated items that may not be suitable for retail stores, contributing to the organization's mission in a unique way.
In essence, McB Thrift Store exists to support and uplift its members and legally blind individuals, both locally in Missouri and globally. It does this through its thrift store and warehouse operations, providing affordable goods while supporting other programs that promote the best interests of legally blind individuals. The organization's mission is a testament to its commitment to making a positive impact in the lives of its members and the legally blind community.
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Impact
July, 2024
The impact of Mcb Thrift Store is centered around promoting the general well-being of its members and legally blind individuals in Missouri. Through its thrift store in southern Missouri, Mcb Thrift Store sells used clothing, furniture, and household goods at bargain prices, making these essential items more accessible to the community. Additionally, the store's activities include collecting, cleaning, and storing donated merchandise in their warehouse processing center. By reselling donated items that are not suitable for the retail stores, Mcb Thrift Store maximizes the value of donations received.
Overall, Mcb Thrift Store's impact extends beyond providing affordable goods; it also supports or participates in programs that benefit legally blind individuals across the state and beyond. This dual focus on both serving the community and promoting the interests of legally blind individuals reflects the organization's commitment to making a positive difference in the lives of those it serves.
This information is meant to be a general summary of Mcb 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 2023.
- Gross Receipts: $474,796
Assets and Liabilities:
- Total Assets: $60,086
- Total Liabilities: $16,737
- Net Assets: $43,349
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Organization Details
Founding Year
2015
Principal Officer
Denny Huff
NTEE Category
Code: P29 - Human services
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