Overview
What is Fayette Resale Incorporated?
Fayette Resale Incorporated is a nonprofit organization based in La Grange, Texas, dedicated to assisting local individuals in need. The organization's primary mission involves providing clothing and household items at reduced or no cost to those in need. Beyond this, any surplus revenue generated is channeled towards supporting local charities. The organization is headed by Linda Streicher, demonstrating a strong commitment to community welfare and assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Very poor (0 stars)
Fayette Resale Incorporated has received a very poor rating of 49% from Charity Navigator, indicating significant concerns about its financial accountability and transparency. The organization earned a score of 46 in the Accountability & Finance section, highlighting a lack of financial statements and missing key governance policies, which are critical for maintaining trust with donors and stakeholders.
On a positive note, Fayette Resale shows strong governance with a fully independent board and has effectively documented its board meeting minutes. However, its overall program expense ratio of 53.37% raises questions about its financial management and efficacy in utilizing funds for its intended programs. The organization needs to improve its financial reporting practices and establish essential policies to enhance its overall score and public accountability.
Overall, while Fayette Resale has some strengths, including a high percentage of independent board members, the significant deficiencies in financial documentation and governance policies overshadow these positives. Improvements in accountability and transparency are crucial for the organization to build trust and support from the community and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Fayette Resale Incorporated legitimate?
Fayette Resale Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette Resale Incorporated 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: $56,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $305,998
For more financial information, click here
What is the mission statement of Fayette Resale Incorporated?
Fayette Resale Incorporated serves a noble purpose by assisting local underprivileged individuals. The organization provides essential items such as clothing and household goods at reduced or no cost. This initiative aims to alleviate financial burdens for those in need. In addition, any surplus revenue generated by the organization is distributed to support local charities. By offering these services, Fayette Resale Incorporated contributes to the betterment of its community, providing essential items and supporting charitable causes.
Who is the CEO of Fayette Resale Incorporated?
Linda Streicher is the Pres of Fayette Resale Incorporated.
What is the revenue of Fayette Resale Incorporated?
Fayette Resale Incorporated's revenue in 2022 was $1,356,261.
Who are the executives of Fayette Resale Incorporated and what are their salaries?
The average compensation at Fayette Resale Incorporated during 2022 was $11,331. There are 32 employees and 135 volunteers at Fayette Resale Incorporated.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $38,959
- Other: $0
- Compensation: $0
- Related: $17,647
- Other: $0
Where can I find the form 990 for Fayette Resale Incorporated?
Fayette Resale Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fayette Resale Incorporated
Fayette Resale Incorporated is a nonprofit organization dedicated to assisting local individuals in need. The mission of this organization is to provide clothing and household items at a reduced or no cost, thereby offering essential resources to those who are less fortunate. Beyond this, Fayette Resale Incorporated also aims to distribute any excess revenue generated to local charities, thereby extending its support beyond direct aid to the community. By doing so, the organization not only alleviates the immediate needs of the needy but also contributes to the overall betterment of the community through charitable contributions. Linda Streicher oversees the operations of Fayette Resale Incorporated, ensuring that its mission is carried out effectively and efficiently.
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Impact
July, 2024
Fayette Resale Incorporated's impact is significant in supporting local needy individuals by providing clothing and household items at reduced or no cost. The organization's efforts directly benefit those facing financial challenges in acquiring essential items, thereby improving their quality of life. In addition, the distribution of excess revenue to local charities amplifies the positive influence of Fayette Resale Incorporated within the community, fostering a cycle of support and assistance to those in need. The work of Linda Streicher and the organization exemplifies a commitment to addressing human services and making a tangible difference in the lives of vulnerable individuals in La Grange, TX.
This information is meant to be a general summary of Fayette Resale Incorporated. 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: $2,000
- Gross Receipts: $2,656,693
Assets and Liabilities:
- Total Assets: $2,993,086
- Total Liabilities: $296,350
- Net Assets: $2,696,736
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Organization Details
Founding Year
1999
Phone
(979) 968-6070Principal Officer
Linda Streicher
Main Address
P O BOX 189, LA GRANGE, TX, 78945
NTEE Category
Code: P20 - Human services
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