Overview
What is The Abbots Thrift Antiques & Collectibles?
The Abbots Thrift Antiques & Collectibles is a nonprofit organization situated in Felton, California, with the postal code 95018. Its primary mission is to serve the community of Santa Cruz County by offering affordable goods, donations, and financial assistance to families, schools, and various local initiatives. This outreach ministry operates through the sale of second-hand items, providing a valuable resource for the community while also contributing to various community needs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Abbots Thrift Antiques & Collectibles has received a zero-star rating from Charity Navigator, reflecting significant concerns regarding its financial accountability and transparency. The organization scored 41% overall, indicating shortcomings in critical areas such as financial reporting and program expenses. While the board is entirely independent, and there are no issues related to asset diversion, the lack of posted financial statements raises red flags about operational transparency.
Strengths of the organization include a fully independent board structure and documented governance policies, which demonstrate a commitment to ethical management practices. However, the financial metrics reveal troubling aspects, such as a low program expense ratio of only 25.69%, suggesting limited funds allocated toward its charitable mission. Additionally, the high liabilities to assets ratio at 0.90% raises concerns about financial stability and sustainability.
Overall, while The Abbots Thrift Antiques & Collectibles has some positive governance features, the lack of financial transparency and low investment in programs detract from its overall effectiveness as a nonprofit. Interested supporters may want to consider these factors and seek out more information before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Abbots Thrift Antiques & Collectibles legitimate?
The Abbots Thrift Antiques & Collectibles is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Abbots Thrift Antiques & Collectibles 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: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $441,342
For more financial information, click here
What is the mission statement of The Abbots Thrift Antiques & Collectibles?
The Abbot's Thrift Antiques & Collectibles serves as an outreach ministry, focusing on supporting various community needs in Santa Cruz County. They achieve this by offering low-cost goods, providing merchandise gifts, and offering financial assistance. This non-profit organization aims to uplift families, schools, and the community at large, striving to make a positive impact on local lives. Their mission is to contribute to the well-being of the community by offering necessary resources and support.
Who is the CEO of The Abbots Thrift Antiques & Collectibles?
Terry Adams is the President of The Abbots Thrift Antiques & Collectibles.
What is the revenue of The Abbots Thrift Antiques & Collectibles?
The Abbots Thrift Antiques & Collectibles's revenue in 2022 was $1,596,095.
Who are the executives of The Abbots Thrift Antiques & Collectibles and what are their salaries?
There is 1 key member and their salary:
- Compensation: $52,000
- Related: $0
- Other: $0
Where can I find the form 990 for The Abbots Thrift Antiques & Collectibles?
The Abbots Thrift Antiques & Collectibles's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Abbots Thrift Antiques & Collectibles
The Abbot's Thrift, an outreach ministry situated in Santa Cruz County, is dedicated to uplifting the community. Its mission is to extend support to families, schools, and various community initiatives by offering affordable goods, donated merchandise, and financial assistance. By doing so, the organization aims to contribute to the betterment of the community's well-being and quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Abbots Thrift Antiques & Collectibles has made a significant impact in Santa Cruz County by providing essential support to families, schools, and other community needs through their low-cost goods, gifts of merchandise, and financial assistance. Their outreach ministry has uplifted the local community, offering affordable resources and aid to those in need. The Abbots Thrift's presence in Felton, CA, has not only contributed to the local economy but has also fostered a sense of community and solidarity among residents. Through their mission, they have exemplified the power of compassion and assistance in making a tangible difference in people's lives.
This information is meant to be a general summary of The Abbots Thrift Antiques & Collectibles. 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: $1,626
- Gross Receipts: $1,754,316
Assets and Liabilities:
- Total Assets: $1,215,914
- Total Liabilities: $0
- Net Assets: $1,215,914
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(831) 335-0606Principal Officer
Terry Adams
Main Address
6164 Highway 9, Felton, CA, 95018
NTEE Category
Code: X21 - Religion related
If you are a representative of The Abbots Thrift Antiques & Collectibles and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.