Overview
What is Castaways Thrift Co?
Castaways Thrift Co is a 5,000 square foot thrift store located in Madison, North Carolina, dedicated to serving its community in multiple ways. Its primary mission involves minimizing landfill waste by offering a platform for the community to dispose of unwanted items, instead of throwing them away. The store also sells these items at significantly reduced prices, benefiting low-income individuals in the area. Moreover, Castaways Thrift Co. channels all its earnings towards supporting Christian substance-abuse rehabilitation centers, specifically Solus Christus and Genesis Ministries. Solus Christus provides short-term care for women seeking admission to long-term treatment programs, while Genesis Ministries serves as a long-term rehabilitation home for these individuals. The store's purpose is to contribute positively to the community while offering a second chance for those struggling with addiction.
Is Castaways Thrift Co legitimate?
Castaways Thrift Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Castaways Thrift Co 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: $30,664
Professional Fundraising Fees: $0
Other Salaries and Wages: $65,690
For more financial information, click here
What is the mission statement of Castaways Thrift Co?
Castaways Thrift Co. operates as a 5,000 square foot thrift store with a three-fold mission. Primarily, it aims to reduce landfill waste by offering the community an alternative to disposing of unwanted items. Secondly, it sells clothing and household items at significantly reduced prices, benefiting low-income individuals. Lastly, the store uses its earnings to financially support Christian substance abuse programs, assisting individuals in overcoming drug and alcohol addiction.
Who is the CEO of Castaways Thrift Co?
Heidi Newman is the Executive Director Store Manager of Castaways Thrift Co.
What is the revenue of Castaways Thrift Co?
Castaways Thrift Co's revenue in 2023 was $232,342.
Who are the executives of Castaways Thrift Co and what are their salaries?
The average compensation at Castaways Thrift Co during 2023 was $8,030. There are 12 employees at Castaways Thrift Co.
Here are 3 key members and their salaries:
- Compensation: $33,304
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Castaways Thrift Co?
Castaways Thrift Co's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Castaways Thrift Co
Castaways Thrift Co. is a thrift store with a mission to serve a threefold purpose. Primarily, it aims to reduce the amount of waste that ends up in landfills by offering the community an alternative to disposing of unwanted items. Instead of throwing away these items, individuals can bring them to Castaways Thrift Co., providing a more sustainable option.
Secondly, Castaways Thrift Co. sells the donated clothing and household items at significantly reduced prices, ranging from 50% to 90% below original retail cost. This is particularly beneficial for the low-income residents of the community, allowing them to purchase essential items at affordable prices.
Lastly, the store generates proceeds from these sales, which it uses to financially support Christian substance abuse programs. This support is intended to help individuals struggling with drug and alcohol addiction overcome their addictions and lead healthier, more fulfilling lives. By fulfilling this mission, Castaways Thrift Co. not only contributes to the sustainability of the community but also provides assistance to those in need.
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Impact
October, 2024
Castaways Thrift Co. significantly impacts the Stokesdale, NC community through its multifaceted operations. The thrift store not only diverts unwanted items from landfills, thus promoting environmental sustainability, but also serves as an accessible resource for low-income individuals seeking affordable clothing and household goods. With prices reduced by 50% to 90% below original retail costs, the store facilitates a more equitable shopping experience, making essential items obtainable for those who may struggle financially.
In addition to its retail operations, Castaways Thrift Co. plays a pivotal role in addressing substance abuse issues within the community. The store allocates its proceeds to support two Christian rehabilitation centers—Solus Christus and Genesis Ministries—which provide crucial assistance to individuals battling addiction. These centers offer a range of services, including a supportive environment and long-term treatment options, thereby contributing to the community's overall well-being and recovery efforts.
Furthermore, Castaways Thrift Co. fosters a sense of community and spiritual support by providing a space where individuals can seek guidance and prayer regarding their struggles with addiction. This holistic approach not only aids in reducing waste and offering affordable goods but also uplifts those in need, creating a network of support that resonates throughout Stokesdale and its surrounding areas.
This information is meant to be a general summary of Castaways Thrift Co. 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.
- Gross Receipts: $232,342
Assets and Liabilities:
- Total Assets: $16,208
- Total Liabilities: $0
- Net Assets: $16,208
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Organization Details
Founding Year
2017
Principal Officer
Heidi Newman
Main Address
111 Pipsisewa Lane, Stokesdale, NC, 27357
NTEE Category
Code: P28 - Human services
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