Overview
What is Priceless Treasures Thrift Shop Inc?
Priceless Treasures Thrift Shop Inc, located in Modesto, California, is a charitable organization that operates a thrift store. The shop accepts donations of various items, including clothing, household items, and furniture, which are then sold in the store. The proceeds from these sales, after covering expenses, are distributed as grants to two beneficiary organizations: Ripon Christian Schools in Ripon, California, and Sierra Salem Christian Homes, Inc. in Modesto. Both organizations are classified as 501(c)(3), indicating they are nonprofit entities primarily focused on educational and social welfare activities. The Thrift Shop's mission is to support these two organizations by raising funds through its thrift store operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
Priceless Treasures Thrift Shop Inc has achieved a respectable score of 79%, which reflects a commitment to accountability and financial management. The organization boasts a fully independent board, with 100% of its members being independent, which indicates strong governance practices. Additionally, there are no material diversions of assets reported, highlighting financial integrity.
The thrift shop demonstrates a high program expense ratio of 98.64%, suggesting that the vast majority of its expenditures are directed towards its mission-related activities. This strong focus on programmatic spending is a significant strength, as it indicates that donations are effectively utilized for the intended charitable purposes.
While the rating is favorable, there are areas where further transparency and communication about impact could enhance donor confidence. Overall, Priceless Treasures Thrift Shop Inc shows strong governance and financial health, making it a potentially reliable option for those looking to contribute to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Priceless Treasures Thrift Shop Inc legitimate?
Priceless Treasures Thrift Shop Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Priceless Treasures Thrift Shop Inc 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: $291,135
For more financial information, click here
What is the mission statement of Priceless Treasures Thrift Shop Inc?
Priceless Treasures Thrift Shop Inc operates a thrift store with the primary goal of raising funds. These funds are then used to provide grants to two non-profit organizations: Ripon Christian Schools and Sierra Salem Christian Homes, Inc. Both of these organizations fall under the 501(C)(3) category. The thrift shop accepts donations of various items like clothing, household items, and furniture, which are then sold in the store. The profits generated, after accounting for expenses, are allocated towards supporting educational activities at Ripon Christian Schools and providing support for developmentally disabled adults through Sierra Salem Christian Homes, Inc. In essence, Priceless Treasures Thrift Shop Inc uses its thrift store operations as a means to contribute financially to these two charitable organizations.
Who is the CEO of Priceless Treasures Thrift Shop Inc?
David Meester is the President of Priceless Treasures Thrift Shop Inc.
What is the revenue of Priceless Treasures Thrift Shop Inc?
Priceless Treasures Thrift Shop Inc's revenue in 2023 was $689,574.
Who are the executives of Priceless Treasures Thrift Shop Inc and what are their salaries?
The average compensation at Priceless Treasures Thrift Shop Inc during 2023 was $22,395. There are 13 employees and 68 volunteers at Priceless Treasures Thrift Shop Inc.
Here are 9 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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Priceless Treasures Thrift Shop Inc?
Priceless Treasures Thrift Shop Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Priceless Treasures Thrift Shop Inc
Priceless Treasures Thrift Shop Inc operates a thrift store with a noble mission. The primary objective of this nonprofit organization is to raise funds, which it achieves by selling donated items such as clothing, household items, and furniture. The revenue generated, after covering expenses, is then allocated to two 501(C)(3) organizations: Ripon Christian Schools in Ripon, California, and Sierra Salem Christian Homes, Inc. in Modesto, California.
Ripon Christian Schools receives financial support from Priceless Treasures Thrift Shop Inc, enabling it to carry out various educational activities. On the other hand, Sierra Salem Christian Homes, Inc. benefits from the nonprofit's funds, specifically in their work with developmentally disabled adults. By operating a thrift store, Priceless Treasures Thrift Shop Inc plays a significant role in supporting these two organizations, contributing positively to education and the care of adults with disabilities.
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
Priceless Treasures Thrift Shop Inc contributes to the community by operating a thrift store that raises funds to support educational activities at Ripon Christian Schools and provide assistance to developmentally disabled adults through Sierra Salem Christian Homes, Inc. This initiative aids in enhancing education opportunities for students and improving the quality of life for adults with disabilities. The thrift shop's efforts result in meaningful grants that positively impact these beneficiaries and strengthen the local community.
This information is meant to be a general summary of Priceless Treasures Thrift Shop Inc. 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 2023.
- Investment Income: $23
- Gross Receipts: $1,378,129
Assets and Liabilities:
- Total Assets: $153,495
- Total Liabilities: $25,414
- Net Assets: $128,081
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(209) 579-5513Principal Officer
David Meester
Main Address
2720 MCHENRY SUITE H, MODESTO, CA, 95354
NTEE Category
Code: P29 - Human services
If you are a representative of Priceless Treasures Thrift Shop Inc 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.