Overview
What is Spectrum Thrift Store Inc?
Spectrum Thrift Store Inc is a charitable organization located in Saint Johns, Florida. Established with a mission to provide employment opportunities, the store aims to bridge the gap for individuals with autism and development delays, who often face unemployment or underemployment. The primary objective is to equip these individuals with necessary skills through training, boosting their confidence and experience. With successful completion of the program, individuals can expect a lifetime of independence and gainful employment, enabling them to thrive in their professional lives. The store serves as a platform for personal and professional growth, promoting inclusion and equal opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 66%)
Spectrum Thrift Store Inc has been rated as a two-star nonprofit, indicating that it requires improvement in several areas. The organization has demonstrated good governance with an independent board, scoring full points for board member independence and size. However, it has significant weaknesses in financial transparency, evidenced by a zero score for financial statements and other essential governance policies.
The financial health of Spectrum Thrift Store appears solid, as indicated by a program expense ratio of 100%, which means all its expenses are directed toward programs. However, the organization has not provided adequate financial statements or displayed necessary governance policies such as a conflict of interest policy and a whistleblower policy, raising concerns about oversight and accountability.
Overall, while the thrift store's focus on programs is commendable, its lack of transparency and governance practices limits its effectiveness and potential for donor trust. Improved financial reporting and the establishment of necessary policies could enhance its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Spectrum Thrift Store Inc legitimate?
Spectrum Thrift Store Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spectrum Thrift Store 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: $108,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,378
For more financial information, click here
What is the mission statement of Spectrum Thrift Store Inc?
Spectrum Thrift Store Inc's mission is centered around providing employment opportunities for individuals with autism and development delays. Recognizing the high unemployment rate among this group, with approximately 80% of individuals with autism being unemployed or underemployed, the organization aims to bridge this gap. The store serves as a platform, offering training to these individuals, thereby equipping them with the necessary skills and confidence. This training is intended to enable them to secure gainful employment, ultimately leading to a lifetime of independence.
Who is the CEO of Spectrum Thrift Store Inc?
Mark Tillman is the Officer of Spectrum Thrift Store Inc.
What is the revenue of Spectrum Thrift Store Inc?
Spectrum Thrift Store Inc's revenue in 2022 was $649,603.
Who are the executives of Spectrum Thrift Store Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $63,000
- Related: $0
- Other: $7,000
- Compensation: $45,010
- Related: $0
- Other: $5,063
- 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 Spectrum Thrift Store Inc?
Spectrum Thrift Store Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spectrum Thrift Store Inc
Spectrum Thrift Store Inc is an organization with a mission to provide employment opportunities for individuals with autism and development delays. Recognizing that 80% of individuals with autism are either unemployed or underemployed, this nonprofit was established with the goal of offering a platform for their skill development and employment. The store serves as a training ground, providing special needs individuals with the necessary confidence and experience to secure lifelong independence and gainful employment. By offering employment opportunities, Spectrum Thrift Store Inc aims to contribute to the overall well-being and thriving of these individuals.
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Impact
July, 2024
Spectrum Thrift Store Inc's impact is significant in providing employment opportunities and training for individuals with autism and developmental delays. By focusing on a marginalized group that often faces challenges in the job market, the organization is playing a crucial role in empowering individuals who would typically struggle to find gainful employment. Through its mission, Spectrum Thrift Store Inc. is not only providing jobs but also building confidence and independence for those with special needs. Overall, its work is contributing to creating a more inclusive and supportive community for individuals with autism and developmental delays in Saint Johns, FL.
This information is meant to be a general summary of Spectrum Thrift Store 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 2022.
- Investment Income: $10
- Program Service Revenue: $595,175
- Gross Receipts: $649,603
Assets and Liabilities:
- Total Assets: $119,699
- Total Liabilities: $62,122
- Net Assets: $57,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
THRIFT STORE SALE
Revenue
$595,175
Organization Details
Founding Year
2017
Principal Officer
Mark Tillman
Main Address
616 STATE ROAD 13 STE 1, SAINT JOHNS, FL, 32259
NTEE Category
Code: P82 - Human services
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