Overview
What is The Re-Store Warehouse Inc?
The Re-Store Warehouse Inc, situated in Fayetteville, North Carolina, is a nonprofit organization that offers a wide range of gently used home improvement supplies, such as kitchen cabinets, furniture, appliances, mattresses, flooring, lighting, and more, at discounted prices. Their primary mission is to support local charities that aid the less fortunate residents of Fayetteville and its surrounding areas. By selling these items at thrift prices, they are able to donate a substantial portion of their profits, over $100,000 last year, to local non-profit organizations. This business model not only provides affordable home improvement solutions but also contributes to the betterment of the community and promotes environmental sustainability by reusing resources.
Official website here: www.therestorewarehouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
The Re-Store Warehouse Inc has achieved a solid rating of 75%, reflecting a focus on accountability and finance. The score is primarily derived from the charity’s performance in these areas, where it excelled particularly in having a majority independent board and maintaining strong financial statements. With 100% of board members being independent and a high program expense ratio of 93.01%, the organization demonstrates a commitment to effective governance and program delivery.
However, there are some areas for improvement noted in the accountability metrics. While the organization maintains good practices in many respects, it lacks a whistleblower policy, which could be beneficial for fostering transparency and accountability. Additionally, the liabilities to assets ratio is relatively low at 67.43%, which indicates that there could be financial stability concerns that the organization needs to address in the future. Overall, The Re-Store Warehouse Inc shows promise but has some limitations that should be monitored.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Re-Store Warehouse Inc?
84% of 381 reviewers on Facebook recommend The Re-Store Warehouse Inc. Here is a summary of their reviews:
Customers frequently highlight the helpful and attentive customer service at the warehouse, with many expressing satisfaction in finding everything they need for home improvement projects in one visit. Positive experiences with ordering and the quality of products further enhance the overall impression, suggesting that the nonprofit is effectively meeting the needs of its patrons.
The general sentiment reflects a strong appreciation for the nonprofit's ability to deliver not only a wide selection of materials but also an enjoyable shopping experience. Many reviewers indicate they would return for future projects, demonstrating a sense of trust in the services provided.
This AI summary has been generated from reviews found on Facebook.
Is The Re-Store Warehouse Inc legitimate?
The Re-Store Warehouse Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Re-Store Warehouse 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: $357,136
For more financial information, click here
Official website here: www.therestorewarehouse.org
What is the mission statement of The Re-Store Warehouse Inc?
The Re-Store Warehouse Inc is committed to supporting local charities that aid the less fortunate in their surrounding areas. Their mission is twofold: firstly, they aim to provide the public with affordable new and used home improvement products. Secondly, they pledge to donate 100% of their net profits to charities that work towards assisting the less fortunate in Cumberland County. By selling items such as kitchen cabinets, furniture, appliances, mattresses, flooring, lighting, and other renovation supplies at thrift prices, The Re-Store Warehouse Inc generates funds that are subsequently channeled towards supporting the community's needy citizens. Last year, they managed to donate over $100,000 to local non-profit organizations, including the Fayetteville Urban Ministry.
Official website here: www.therestorewarehouse.org
Who is the CEO of The Re-Store Warehouse Inc?
Bill Mcmillan is the Vice-President of The Re-Store Warehouse Inc.
Official website here: www.therestorewarehouse.org
What is the revenue of The Re-Store Warehouse Inc?
The Re-Store Warehouse Inc's revenue in 2023 was $803,382.
Official website here: www.therestorewarehouse.org
Who are the executives of The Re-Store Warehouse Inc and what are their salaries?
The average compensation at The Re-Store Warehouse Inc during 2023 was $17,857. There are 20 employees at The Re-Store Warehouse Inc.
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Official website here: www.therestorewarehouse.org
Where can I find the form 990 for The Re-Store Warehouse Inc?
The Re-Store Warehouse Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.therestorewarehouse.org
Learn more at the official website: www.therestorewarehouse.org
Mission Statement of The Re-Store Warehouse Inc
The Re-Store Warehouse Inc, a nonprofit organization, is committed to a noble mission. Its primary objective is to support local charities that cater to the needs of less fortunate individuals residing in Fayetteville and its surrounding areas. To accomplish this, the organization operates as a retail outlet, selling a variety of affordable new and used home improvement products to the public at discounted prices.
The heart of The Re-Store Warehouse Inc's mission lies in its commitment to donate 100% of its net profits to charitable organizations. These organizations, in turn, dedicate their efforts to supporting the less fortunate citizens of Cumberland County. By selling items such as kitchen cabinets, furniture, appliances, mattresses, flooring, lighting, and other renovation supplies at reduced costs, The Re-Store Warehouse Inc successfully generates revenue that directly contributes to the betterment of its community.
In the past year alone, The Re-Store Warehouse Inc has been able to donate over $100,000 of its proceeds to various local non-profit organizations. One of these recipients is the Fayetteville Urban Ministry, which, like The Re-Store Warehouse Inc, strives to uplift the less fortunate in their community. Through this mission, The Re-Store Warehouse Inc not only supports local charities financially but also promotes sustainable practices by recycling and reusing home improvement supplies, thereby contributing to the preservation of the environment.
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Impact
July, 2024
The Re-Store Warehouse Inc's impact is significant in Fayetteville and surrounding areas. By selling new and used kitchen cabinets, furniture, appliances, mattresses, flooring, lighting, and other renovation supplies at thrift prices, they are able to donate over $100,000 of their profits to local nonprofit organizations each year. This support plays a crucial role in helping the less fortunate citizens of Cumberland County through charities like the Fayetteville Urban Ministry. The Re-Store Warehouse's mission of providing affordable home improvement products and promoting sustainability while giving back to the community is commendable and has a tangible positive impact on those in need.
This information is meant to be a general summary of The Re-Store Warehouse 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: $563
- Gross Receipts: $1,280,144
Assets and Liabilities:
- Total Assets: $216,290
- Total Liabilities: $145,860
- Net Assets: $70,430
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Organization Details
Founding Year
1999
Phone
(910) 321-2868Principal Officer
Bill Mcmillan
Main Address
PO BOX 87585, FAYETTEVILLE, NC, 283047585
Website
www.therestorewarehouse.orgNTEE Category
Code: J322 - Employment
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