Overview
What is Restored?
Restored is a nonprofit organization situated in Lakeville, Minnesota, operating on a thrift store model. Their primary goal is to assist the local community by selling donated goods at discounted prices or as needed. Restored is more than just a thrift store; it aims to build relationships and share the gospel. By offering a supportive environment, excellent customer service, and scheduled community support services, such as prayer, spiritual guidance, parenting training, job coaching, and ELL classes, Restored aims to uplift individuals and help them lead more fulfilling lives. The organization operates entirely with volunteers, allowing its profits to be utilized for community needs. A portion of these profits is allocated to a ministry center, which provides various services to the community.
Official website here: www.restoredmn.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Restored has received a solid Three-Star rating from Charity Navigator, reflecting a commendable score of 81% in accountability and finance. This rating is significant as it indicates the charity effectively manages its resources, ensuring transparency and trustworthiness in its financial practices. The overall score is derived solely from its accountability and finance metrics, which are critical for potential donors assessing the charity's reliability.
The organization showcases strong governance, with 100% independent board members and adherence to necessary policies such as conflict of interest, whistleblower protection, and document retention. Additionally, Restored has demonstrated fiscal responsibility, with a low liabilities-to-assets ratio of 1.00% and a program expense ratio of 92.64%, indicating that the majority of its expenditures are directed towards its mission-driven programs.
While the charity's assessment is overwhelmingly positive, it is essential for potential supporters to remain engaged and informed about ongoing operations and future goals. Continuous evaluation of effectiveness and impact will be crucial for maintaining and enhancing donor confidence and support.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Restored?
98% of 28 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Many patrons express a high level of satisfaction with the services offered by Restored. The selection of items available has been described as fabulous, and users appreciate the affordability of the prices. The staff's helpfulness has also been highlighted, indicating a positive experience for visitors.
Overall, it appears that Restored is successfully delivering on its promises, with a clean and organized environment that makes shopping enjoyable for customers. The strong recommendation rate suggests that visitors are likely to return and support the nonprofit again in the future.
This AI summary has been generated from reviews found on Facebook.
Is Restored legitimate?
Restored is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restored 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: $95,695
For more financial information, click here
Official website here: www.restoredmn.com
What is the mission statement of Restored?
Restored, a non-profit organization, operates a thrift store solely with volunteer labor to generate funds for community-focused ministries. The thrift store provides a supportive and encouraging environment, offering exceptional customer service. Apart from the thrift store, Restored also houses a ministry center, offering scheduled services such as prayer, spiritual support, parenting training, job coaching, English language classes, assistance with county aid applications, and Bible studies. The majority of the profits from the thrift store, after setting aside a 25% operational reserve, are channeled towards these ministry initiatives. The primary aim of Restored is to provide hope and restoration to the community through the love of Jesus Christ.
Official website here: www.restoredmn.com
Who is the CEO of Restored?
Neil Oakland is the President of Restored.
Official website here: www.restoredmn.com
What is the revenue of Restored?
Restored's revenue in 2023 was $713,375.
Official website here: www.restoredmn.com
Who are the executives of Restored and what are their salaries?
The average compensation at Restored during 2023 was $23,924. There are 4 employees and 70 volunteers at Restored.
Here are 5 key members and their salaries:
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Official website here: www.restoredmn.com
Where can I find the form 990 for Restored?
Restored's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.restoredmn.com
Learn more at the official website: www.restoredmn.com
Mission Statement of Restored
Restored, a non-profit organization, is driven by a mission to provide hope and restoration to its community through the love of Jesus Christ. To accomplish this, Restored is composed of two interconnected components: a thrift store and a ministry/outreach center. The thrift store, operated solely by volunteers, serves as a means to generate profits that can be utilized for ministry initiatives aimed at supporting community needs. The store environment is encouraging and supportive, with exceptional customer service that goes beyond expectations.
The ministry center housed within Restored provides scheduled time slots for various support services to the community. These services include, but are not limited to, prayer, spiritual support and encouragement, training for parenting, job coaching, English as a Second Language (ELL) classes, assistance with online applications for county aid, Bible studies, and more. A significant portion of the profits generated by the thrift store, after setting aside a 25% operational reserve, are channeled towards these ministry initiatives, thereby contributing to the overall mission of Restored.
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Impact
July, 2024
Restored's impact can be seen in the transformation it brings to individuals and the community it serves. By operating on a thrift store model and utilizing all volunteers, Restored is able to use its profits to support various community needs through ministry and outreach programs. Through its welcoming atmosphere, excellent customer service, and wide range of support services offered at its ministry center, Restored plays a vital role in helping individuals in crisis find hope and restoration. By empowering people with resources and skills, Restored not only addresses immediate needs but also helps them lead more fulfilling lives. The ultimate goal of Restored is to point others to know Jesus, making a lasting impact on the lives it touches.
This information is meant to be a general summary of Restored. 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: $3,979
- Program Service Revenue: $709,109
- Gross Receipts: $1,422,484
Assets and Liabilities:
- Total Assets: $561,443
- Total Liabilities: $5,640
- Net Assets: $555,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORE SALES
Revenue
$709,109
Organization Details
Founding Year
2017
Phone
(952) 388-1525Principal Officer
Neil Oakland
Main Address
17630 JUNIPER PATH SUITE C, LAKEVILLE, MN, 55044
Website
www.restoredmn.comNTEE Category
Code: P29 - Human services
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