Overview
What is Chatham Pta Thrift Shop Inc?
Chatham PTA Thrift Shop Inc is a vital nonprofit organization situated in Siler City, NC. Their main objective is to generate funds for local schools. They achieve this by collecting and selling pre-owned clothing and furniture. The profits, excluding a $35,000 deduction and interest income, are directly channeled into the county schools' PTA funds, thereby playing a significant role in the community's fundraising events. The Thrift Shop's mission extends beyond monetary contributions, as it also serves as a crucial platform for recycling and reusing household items.
What are the reviews and ratings of this charity?
Charity Navigator rates Chatham Pta Thrift Shop Inc with a score of 60%, resulting in a Two-Star out of Four Star rating. This score reflects the organization's performance in accountability and finance, indicating areas where improvements are needed. While the charity has achieved full points for having a majority of independent board members and a high program expense ratio, it has significant deficiencies in financial transparency and available documentation.
The organization benefits from a fully independent board and has demonstrated its commitment to program expenses, dedicating all funds to its programs. However, the lack of financial statements, missing policies on whistleblowing and document retention, and an absence of a website listed on the tax form raise concerns about its governance and transparency practices. These factors highlight a need for enhanced oversight and clearer communication of financial data.
Overall, while Chatham Pta Thrift Shop Inc shows strengths in board independence and program focus, the significant gaps in accountability and financial reporting are limitations that potential donors and stakeholders should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Chatham Pta Thrift Shop Inc legitimate?
Chatham Pta Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chatham Pta Thrift Shop 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: $698,960
For more financial information, click here
What is the mission statement of Chatham Pta Thrift Shop Inc?
The mission of Chatham PTA Thrift Shop Inc is centered around raising funds for local schools. By collecting and selling used clothing and furniture, they generate profits, with a significant portion going directly towards the PTA funds for the county schools. This fundraising event plays a crucial role in the community, providing essential financial support to educational institutions. The thrift shop's activities contribute to the betterment of the educational resources available to the students and schools within the community.
Who is the CEO of Chatham Pta Thrift Shop Inc?
Keith Stinson is the Director of Chatham Pta Thrift Shop Inc.
What is the revenue of Chatham Pta Thrift Shop Inc?
Chatham Pta Thrift Shop Inc's revenue in 2023 was $1,910,432.
Who are the executives of Chatham Pta Thrift Shop Inc and what are their salaries?
The average compensation at Chatham Pta Thrift Shop Inc during 2023 was $12,944. There are 54 employees at Chatham Pta Thrift Shop Inc.
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Where can I find the form 990 for Chatham Pta Thrift Shop Inc?
Chatham Pta Thrift Shop Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chatham Pta Thrift Shop Inc
Chatham PTA Thrift Shop, a nonprofit organization, is dedicated to raising funds for schools. They accomplish this by collecting and selling secondhand clothing and furniture. The profits generated from these sales, excluding a $35,000 allowance and interest income, are directly channeled into the county schools' PTA funds. This fundraising initiative plays a significant role in the community, serving as a vital source of financial support for local schools.
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Impact
July, 2024
Chatham PTA Thrift Shop Inc's impact lies in its crucial role in fundraising for local schools in Siler City, NC. By collecting and reselling used clothing and furniture, the organization raises funds that directly benefit the county schools' PTA funds. This effort helps support various educational programs and initiatives for the benefit of students in the community, making it an essential fundraising event that positively impacts the local education sector.
This information is meant to be a general summary of Chatham Pta Thrift Shop 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: $1,186
- Program Service Revenue: $1,909,246
- Gross Receipts: $1,910,432
Assets and Liabilities:
- Total Assets: $1,117,344
- Total Liabilities: $716,393
- Net Assets: $400,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CC-SALES
Revenue
$1,014,532
SALES
Revenue
$886,376
RECYCLING PROGRAM
Revenue
$6,277
MISC SALES
Revenue
$2,061
Organization Details
Founding Year
1983
Phone
(919) 663-2395Principal Officer
Keith Stinson
Main Address
PO BOX 890, SILER CITY, NC, 27344
NTEE Category
Code: P29 - Human services
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