Overview
What is Bargains And Blessings?
Bargains and Blessings serves as a community thrift store, accepting donations of clothing and household items for resale. The profits generated from these sales are then redistributed to various charities and religious organizations within the community, aiming to provide additional support to these organizations. In essence, Bargains and Blessings acts as a bridge, leveraging second-hand items to contribute to the betterment of its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Bargains And Blessings received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This rating primarily hinges on the organization's accountability and finance practices, where it achieved a score of 67%. The organization demonstrates a strong program expense ratio of nearly 96%, indicating that a significant portion of its expenses is directed towards its charitable programs.
However, there are notable weaknesses in the governance and transparency areas. The organization has no independent board members, which raises concerns about oversight. Additionally, several critical policies, such as conflict of interest and whistleblower policies, are missing, which could affect its accountability. The absence of a website link on its tax form further complicates transparency efforts.
While the financial health of Bargains And Blessings appears stable, with a low liabilities to assets ratio, the missing governance policies and lack of independent oversight are significant limitations. Addressing these issues could enhance the organization's credibility and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bargains And Blessings legitimate?
Bargains And Blessings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bargains And Blessings 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: $104,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $207,099
For more financial information, click here
What is the mission statement of Bargains And Blessings?
Bargains and Blessings serves as a community thrift store, accepting donations of clothing and household items for resale. The primary objective of this venture is to generate profits from these sales, which are subsequently funneled towards supporting various charities and religious organizations within the community. By operating in this manner, Bargains and Blessings plays a crucial role in contributing to the welfare of numerous community-based organizations.
Who is the CEO of Bargains And Blessings?
Becky Zondervan is the Secretary of Bargains And Blessings.
What is the revenue of Bargains And Blessings?
Bargains And Blessings's revenue in 2022 was $751,809.
Who are the executives of Bargains And Blessings and what are their salaries?
The average compensation at Bargains And Blessings during 2022 was $11,142. There are 28 employees at Bargains And Blessings.
Here are 4 key members and their salaries:
- Compensation: $33,357
- Related: $0
- Other: $0
- Compensation: $32,875
- Related: $0
- Other: $0
- Compensation: $28,213
- Related: $0
- Other: $0
- Compensation: $10,430
- Related: $0
- Other: $0
Where can I find the form 990 for Bargains And Blessings?
Bargains And Blessings's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bargains And Blessings
Bargains and Blessings, a community thrift store, serves as a platform for donating used clothing and household items. The organization resells these items, utilizing the proceeds to support various charities and religious organizations within the community. By doing so, Bargains and Blessings plays a vital role in redistributing resources and aiding numerous local causes. This philanthropic approach allows the thrift store to contribute positively to the well-being of its community on multiple levels.
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Impact
July, 2024
Bargains And Blessings has a significant impact on its community in Willmar, MN. By operating as a community thrift store that accepts donations of clothing and household goods for resale, the organization is able to generate profits that are then donated back to other community charities and religious organizations. This model not only provides affordable options for individuals in need but also supports various charitable endeavors within the community. Overall, Bargains And Blessings plays a vital role in promoting goodwill and assisting those in need in Willmar.
This information is meant to be a general summary of Bargains And Blessings. 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: $313
- Gross Receipts: $751,809
Assets and Liabilities:
- Total Assets: $232,103
- Total Liabilities: $151,000
- Net Assets: $81,103
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Organization Details
Founding Year
2015
Phone
(320) 235-1213Principal Officer
Becky Zondervan
Main Address
601 INDUSTRIAL DRIVE SW, WILLMAR, MN, 56201
NTEE Category
Code: P29 - Human services
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