Overview
What is The Bargain Box?
The Bargain Box is a nonprofit organization situated in Hilton Head Island, South Carolina, specifically at 546 William Hilton Parkway. Its primary mission is to generate revenue through the sale of donated merchandise. This income is then utilized for covering operational expenses such as occupancy costs and contributing to charitable causes. The Bargain Box's primary objective is to support various local charitable organizations by distributing the earnings derived from the sale of donated items. The organization employs a team of eight dedicated individuals.
Official website here: www.thebargainboxofhiltonhead.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that The Bargain Box has a solid performance in terms of accountability and finance, scoring 81% overall. The high score reflects good management practices and transparency in its financial operations.
The organization demonstrates strong governance, with a fully independent board consisting of 14 members, earning top points for both board independence and size. Additionally, it maintains effective policies for conflict of interest, whistleblower protections, and document management, all of which contribute to its credibility and operational integrity.
Financially, The Bargain Box shows a robust commitment to its mission, with a program expense ratio of nearly 87%, indicating that a significant portion of its funds is directed towards its programs. The low liabilities to assets ratio further suggests a healthy financial position. Overall, while the charity's strengths are notable, there are no specific limitations mentioned in the data provided.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Bargain Box?
90% of 38 reviewers on Facebook recommend The Bargain Box. Here’s a snapshot of their thoughts:
Visitors find The Bargain Box to be a delightful spot to browse, often mentioning the reasonable prices and the unique items available. Patrons express a strong likelihood of returning, highlighting the positive experiences they have had while shopping.
Overall, the sentiment is quite favorable, with many users appreciating the variety and value offered at this nonprofit. It seems to have made a positive impression on those who visit, particularly in terms of engaging shopping experiences.
This AI summary has been generated from reviews found on Facebook.
Is The Bargain Box legitimate?
The Bargain Box is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bargain Box 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: $122,938
For more financial information, click here
Official website here: www.thebargainboxofhiltonhead.org
What is the mission statement of The Bargain Box?
The Bargain Box, as an organization, is dedicated to raising funds through the sale of donated merchandise. These funds are then distributed to numerous local charitable organizations. This mission serves a dual purpose, with a portion of the revenue being used for operational expenses such as occupancy costs, while the primary focus remains on charitable contributions. By engaging in this activity, The Bargain Box contributes to the support of various community-based charities.
Official website here: www.thebargainboxofhiltonhead.org
Who is the CEO of The Bargain Box?
Lyn Meachen is the President of The Bargain Box.
Official website here: www.thebargainboxofhiltonhead.org
What is the revenue of The Bargain Box?
The Bargain Box's revenue in 2022 was $833,953.
Official website here: www.thebargainboxofhiltonhead.org
Who are the executives of The Bargain Box and what are their salaries?
The average compensation at The Bargain Box during 2022 was $15,367. There are 8 employees and 125 volunteers at The Bargain Box.
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Official website here: www.thebargainboxofhiltonhead.org
Where can I find the form 990 for The Bargain Box?
The Bargain Box's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebargainboxofhiltonhead.org
Learn more at the official website: www.thebargainboxofhiltonhead.org
Mission Statement of The Bargain Box
The Bargain Box, as a nonprofit organization, is dedicated to raising funds through the sale of donated merchandise. Its primary objective is to distribute these funds to a variety of local charitable organizations. The organization generates revenue from the sale of these donated items, which are then utilized for both operational expenses, such as covering occupancy costs, and for fulfilling its charitable purposes. In essence, The Bargain Box serves as a bridge between individuals who wish to donate their unused items and local charities in need of financial support.
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Impact
July, 2024
The Bargain Box's impact lies in its ability to raise funds from the sale of donated merchandise and distribute these funds to various local charitable organizations. By leveraging the generosity of donors and the enthusiasm of shoppers, The Bargain Box plays a crucial role in supporting human services in the Hilton Head Island community. Through its operations, the organization not only covers its operational expenses but also generates resources that benefit those in need. This model creates a ripple effect of positive change, demonstrating how a simple act of donating or purchasing goods can make a significant difference in the lives of individuals and families facing challenges.
This information is meant to be a general summary of The Bargain Box. 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.
- Investment Income: $24,480
- Program Service Revenue: $773,080
- Gross Receipts: $858,065
Assets and Liabilities:
- Total Assets: $1,114,992
- Total Liabilities: $5,560
- Net Assets: $1,109,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALE OF DONATED MERCHA
Revenue
$773,080
Organization Details
Founding Year
1965
Phone
(843) 342-2469Principal Officer
Lyn Meachen
Main Address
546 WILLIAM HILTON PARKWAY, HILTON HEAD ISLAND, SC, 29928
NTEE Category
Code: P20 - Human services
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