Overview
What is Redstone Thrift Shop?
Redstone Thrift Shop is a nonprofit organization situated in Huntsville, Alabama, specifically at BLDG 3209 Hercules Road. Their primary mission is to offer resale services for pre-owned merchandise, primarily belonging to military personnel, government employees, and their families. By selling these items, the thrift shop generates revenue, retaining 30% of the selling price for its operations. This community-focused organization provides an opportunity for the local community to recycle and reuse items, while also supporting the families associated with the military and government sector. With a small workforce of two individuals, Redstone Thrift Shop plays a significant role in the community, offering affordable shopping options and contributing to sustainable practices.
Is Redstone Thrift Shop legitimate?
Redstone Thrift Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redstone Thrift Shop 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: $25,889
For more financial information, click here
What is the mission statement of Redstone Thrift Shop?
The Redstone Thrift Shop's mission is centered around providing resale services for used merchandise. Specifically, it caters to items belonging to military personnel, government employees, and their families. The primary objective of the shop is to sell these items and retain a portion of the selling price, which is set at 30%. This business model not only offers an affordable shopping option for its customers but also contributes to the circulation of used items, thereby reducing waste.
Who is the CEO of Redstone Thrift Shop?
Jim Henderson is the Chairperson of Redstone Thrift Shop.
What is the revenue of Redstone Thrift Shop?
Redstone Thrift Shop's revenue in 2022 was $129,105.
Who are the executives of Redstone Thrift Shop and what are their salaries?
The average compensation at Redstone Thrift Shop during 2022 was $12,944. There are 2 employees and 64 volunteers at Redstone Thrift Shop.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Redstone Thrift Shop?
Redstone Thrift Shop's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redstone Thrift Shop
Redstone Thrift Shop, a nonprofit organization, is dedicated to providing resale services for used merchandise, specifically catering to the military community and U.S. government employees and their families. The shop's mission is to offer a platform where these individuals can sell their pre-owned items. In return, the thrift shop retains 30% of the selling price, which contributes to its operational costs and potentially other initiatives. This service not only provides a means of income for the individuals involved but also offers affordable second-hand items to the wider community, contributing to sustainability and recycling efforts.
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Impact
October, 2024
Redstone Thrift Shop plays a significant role in the community by providing resale services for used merchandise specifically from military personnel, U.S. government employees, and their families. Based in Huntsville, Alabama, it creates a valuable platform for these individuals to sell items they no longer need, facilitating financial support while fostering a sense of community engagement.
By retaining 30% of the selling price, Redstone Thrift Shop generates crucial funding that can be redirected to support various human services initiatives. This revenue not only helps maintain the thrift shop's operations but also ensures continued assistance for those associated with the military, enhancing their overall well-being. The shop's focus on sustainability through resale promotes responsible consumption and helps keep usable goods in circulation, reducing waste and providing affordable options for community members.
Additionally, Redstone Thrift Shop serves as a social hub where military families can connect, share experiences, and support one another. This creates a sense of belonging and unity within the military community in Huntsville. Through its mission, the thrift shop not only meets practical needs but also reinforces the values of service and support that are integral to military life.
This information is meant to be a general summary of Redstone Thrift Shop. 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.
- Gross Receipts: $192,319
Assets and Liabilities:
- Total Assets: $103,763
- Total Liabilities: $29,012
- Net Assets: $74,751
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Organization Details
Founding Year
1984
Phone
(256) 881-6992Principal Officer
Jim Henderson
Main Address
BLDG 3209 HERCULES RD, HUNTSVILLE, AL, 35898
NTEE Category
Code: P29Z - Human services
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